First Solar, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $422.6M | $346.6M | $520.9M | $455.9M | $341.9M | $209.5M | $393.1M | $313.0M |
| Depreciation & Amortization | $147.8M | $147.4M | $140.6M | $140.3M | $123.4M | $124.8M | $124.4M | $111.2M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $7.0M | $6.8M | $2.5M | $7.3M | $6.8M | $2.6M | $6.1M | $6.8M |
| Net Cash from Operating Activities | $-144.9M | $-214.9M | $1.24B | $1.27B | $149.6M | $-608.0M | $811.0M | $-53.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $161.3M | $118.5M | $171.7M | $204.0M | $288.1M | $206.0M | $313.5M | $433.9M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-143.1M | $-148.5M | $-187.2M | $-227.7M | $-262.0M | $-88.2M | $-221.4M | $-665.9M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-391.7M | $-72.2M | $-243.7M | $-222.6M | $446.6M | $-99.6M | $30.7M | $21.8M |
| Net Change in Cash | — | — | — | — | — | $-794.2M | $616.8M | $-695.1M |
| Free Cash Flow | $-306.2M | $-333.4M | $1.07B | $1.07B | $-138.6M | $-813.9M | $497.5M | $-487.7M |