First Solar, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-165.6M | $-416.1M | $593.4M | $396.0M | $350.7M | $-96.3M | $-39.5M | $664.2M |
| Depreciation & Amortization | $91.9M | $204.3M | $225.2M | $216.6M | $238.8M | $265.4M | $235.2M | $156.1M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $8.3M | $10.1M | $9.2M | $1.2M | $900.0K | $2.1M | $2.0M | $100.0K |
| Stock-Based Compensation | $35.1M | $28.7M | $44.9M | $43.8M | $54.6M | $37.0M | $114.4M | $99.6M |
| Net Cash from Operating Activities | $1.34B | $206.8M | $-325.2M | $735.5M | $856.1M | $762.2M | $-33.5M | $705.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $514.4M | $229.5M | $166.4M | $257.5M | $282.6M | $379.2M | $731.8M | $588.9M |
| Business Acquisitions | — | $10.3M | $0 | $4.3M | $30.7M | $2.4M | $21.1M | $296.5M |
| Net Cash from Investing Activities | $-626.8M | $144.5M | $-156.2M | $-387.8M | $-537.1M | $-383.7M | $-676.5M | $-742.1M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $192.0M | $-136.4M | $101.2M | $-46.9M | $101.2M | $-89.1M | $571.2M | $150.5M |
| Net Change in Cash | $914.8M | $208.6M | $-355.2M | $157.0M | $423.8M | $295.7M | $-160.1M | $101.2M |
| Free Cash Flow | $826.3M | $-22.7M | $-491.6M | $478.0M | $573.6M | $383.0M | $-765.3M | $116.6M |