First Solar Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.94B | $2.95B | $4.11B | $3.39B | $3.31B | $3.37B | $2.77B | $2.56B |
| Modules | $595.6M | $665.6M | — | $472.9M | $517.1M | $599.9M | $1.57B | $1.97B |
| Systems and Other | $2.35B | $2.29B | — | $2.92B | $2.79B | $2.77B | $1.20B | $593.4M |
| Cost of Revenue | $2.39B | $2.27B | $2.98B | $2.57B | $2.44B | $2.52B | $1.79B | $1.38B |
| Gross Profit | $548.9M | $638.4M | $1.13B | $824.9M | $864.6M | $852.7M | $971.8M | $1.18B |
| Gross Margin | 18.7% | 21.6% | 27.5% | 24.3% | 26.1% | 25.3% | 35.1% | 46.2% |
| Operating Expenses | ||||||||
| Research & Development | $88.6M | $124.8M | $130.6M | $144.0M | $134.3M | $132.5M | $140.5M | $94.8M |
| SG&A Expense | $202.7M | $262.0M | $255.2M | $253.8M | $270.3M | $280.9M | $412.5M | $321.7M |
| Operating Income | $177.9M | $-568.2M | $730.2M | $422.0M | $370.4M | $-37.6M | $-68.7M | $748.9M |
| Operating Margin | 6.0% | -19.3% | 17.8% | 12.4% | 11.2% | -1.1% | -2.5% | 29.2% |
| Interest Expense | $25.8M | $20.5M | $7.0M | $2.0M | $1.9M | $13.9M | $100.0K | $6.0K |
| Pretax Income | $202.1M | $-537.3M | $733.3M | $432.1M | $381.0M | $-39.8M | $-53.7M | $762.1M |
| Income Tax Expense | $372.0M | $23.2M | $32.3M | $31.2M | $30.1M | $56.5M | $-14.2M | $97.9M |
| Net Income | $-165.6M | $-416.1M | $593.4M | $396.0M | $350.7M | $-96.3M | $-39.5M | $664.2M |
| Net Margin | -5.6% | -14.1% | 14.4% | 11.7% | 10.6% | -2.9% | -1.4% | 25.9% |
| EPS (Basic) | $-1.59 | $-4.05 | $5.88 | $3.96 | $3.74 | $-1.11 | $-0.46 | $7.82 |
| EPS (Diluted) | $-1.59 | $-4.05 | $5.83 | $3.90 | $3.67 | $-1.11 | $-0.46 | $7.68 |
| Shares Outstanding (Basic) | 104.3M | 102.9M | 100.9M | 100.0M | 93.7M | 86.9M | 86.1M | 84.9M |
| Shares Outstanding (Diluted) | 104.3M | 102.9M | 101.8M | 101.6M | 95.5M | 86.9M | 86.1M | 86.5M |
| Dividends Per Share | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 |