Financial Statements

First Solar, Inc. (FSLR)

$67.18

+1.82 (+2.78%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) -2,3272,4422,297-
Net Income 469398-115144-166
Stock Dividends 2,716-2,725--2,463
Dividend Paid -----
Retained Earnings 3,184-2,3272,4422,297

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 2,4022,8042,0651,572-
Annual Depreciation 1,005151,4081,2332,086
Capital Expenditure -540-417-669-740-514
Net PPE 2,8672,4022,8042,0651,572

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -14141414
New Purchases -581-1,369-1,177-902-2,147
Intangible and Goodwill 1414141414

First Solar, Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes First Solar, Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.