Stock Analysis on Net

First Solar Inc. (NASDAQ:FSLR)

Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

First Solar Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Accounts payable 265,320 230,894 239,237 207,178 110,795 245,834 285,760 341,409 188,280 160,963 146,233 193,374 170,041 148,326 186,087 183,349 153,925 158,800 173,762 218,081 218,088 242,541 221,738
Income taxes payable 98,446 81,172 52,060 22,134 33,583 29,067 77,176 29,397 25,771 29,441 4,759 4,543 12,984 21,671 15,351 14,571 32,172 16,951 8,287 17,010 15,409 15,293 7,865
Accrued expenses 520,835 540,126 528,060 524,829 600,421 303,322 391,912 382,782 333,140 344,205 334,975 288,450 231,163 216,556 217,483 310,467 298,133 310,649 296,796 351,260 377,364 421,595 408,031
Current portion of debt 208,261 140,175 200,907 96,238 35,409 5,435 5,150 4,701 3,896 37,129 3,239 2,453 41,540 40,412 77,029 81,807 17,510 28,240 28,312 12,361
Deferred revenue 645,050 689,468 692,675 413,579 372,167 390,231 398,694 263,215 235,293 227,466 218,923 201,868 238,810 237,244 206,530 188,813 115,592 130,575 136,998 323,217 93,283 112,237 166,984
Liabilities held for sale 25,621 12,721
Other current liabilities 44,253 90,794 45,778 42,200 46,730 122,160 20,631 21,245 28,349 36,329 25,399 34,747 25,109 33,887 41,437 83,037 78,136 53,032 34,785 391,130 28,422 23,341 19,537
Current liabilities 1,782,165 1,772,629 1,758,717 1,306,158 1,199,105 1,090,614 1,174,173 1,038,048 816,268 803,554 734,990 726,878 715,236 660,923 669,341 847,398 731,091 747,036 732,435 1,318,208 760,806 843,319 836,516
Accrued solar module collection and recycling liability 139,035 134,803 134,250 135,123 130,131 132,061 130,258 128,114 120,173 134,146 137,455 139,145 140,019 129,726 128,135 130,688 125,594 140,539 138,009 137,761 134,985 136,275 134,228
Long-term debt, noncurrent portion 373,321 418,725 418,695 464,068 464,040 437,410 320,378 184,349 254,224 170,017 247,354 236,005 241,483 276,084 254,447 237,691 220,456 387,727 390,588 454,187 452,064 452,976 558,356
Deferred revenue 1,320,331 1,258,880 1,375,407 1,591,604 1,349,602 1,157,190 949,687 944,725
Other liabilities 228,138 173,821 170,999 180,710 137,391 140,253 121,372 119,937 473,815 415,825 404,251 352,167 341,817 398,105 362,207 372,226 511,963 570,520 519,487 508,766 524,349 570,113 598,665
Noncurrent liabilities 2,060,825 1,986,229 2,099,351 2,371,505 2,081,164 1,866,914 1,521,695 1,377,125 848,212 719,988 789,060 727,317 723,319 803,915 744,789 740,605 858,013 1,098,786 1,048,084 1,100,714 1,111,398 1,159,364 1,291,249
Total liabilities 3,842,990 3,758,858 3,858,068 3,677,663 3,280,269 2,957,528 2,695,868 2,415,173 1,664,480 1,523,542 1,524,050 1,454,195 1,438,555 1,464,838 1,414,130 1,588,003 1,589,104 1,845,822 1,780,519 2,418,922 1,872,204 2,002,683 2,127,765
Common stock, $0.001 par value per share 107 107 107 107 107 107 107 107 107 107 107 106 106 106 106 106 106 106 106 105 105 105 105
Additional paid-in capital 2,892,407 2,886,569 2,878,330 2,890,427 2,879,412 2,872,153 2,865,753 2,887,476 2,880,243 2,868,945 2,863,318 2,871,352 2,865,628 2,859,108 2,853,891 2,866,786 2,855,645 2,848,928 2,844,055 2,849,376 2,835,868 2,826,533 2,814,115
Accumulated earnings 4,869,994 4,557,038 4,207,682 3,971,066 3,621,827 3,353,429 3,182,850 3,140,289 3,147,837 3,197,005 3,141,200 3,184,455 3,053,085 3,007,882 2,925,433 2,715,762 2,600,059 2,445,022 2,408,111 2,326,620 2,386,028 2,355,406 2,373,954
Accumulated other comprehensive loss (168,860) (188,317) (183,605) (174,131) (198,970) (186,051) (179,982) (191,817) (199,850) (170,230) (129,450) (96,362) (88,744) (83,461) (84,650) (61,726) (59,697) (67,260) (83,650) (79,334) (39,518) (46,920) (59,013)
Stockholders’ equity 7,593,648 7,255,397 6,902,514 6,687,469 6,302,376 6,039,638 5,868,728 5,836,055 5,828,337 5,895,827 5,875,175 5,959,551 5,830,075 5,783,635 5,694,780 5,520,928 5,396,113 5,226,796 5,168,622 5,096,767 5,182,483 5,135,124 5,129,161
Total liabilities and stockholders’ equity 11,436,638 11,014,255 10,760,582 10,365,132 9,582,645 8,997,166 8,564,596 8,251,228 7,492,817 7,419,369 7,399,225 7,413,746 7,268,630 7,248,473 7,108,910 7,108,931 6,985,217 7,072,618 6,949,141 7,515,689 7,054,687 7,137,807 7,256,926

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. First Solar Inc. current liabilities increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. First Solar Inc. noncurrent liabilities decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. First Solar Inc. total liabilities decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. First Solar Inc. stockholders’ equity increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.