First Solar, Inc.
Income Statement
| Line Item | FY2009 | FY2008 | FY2007 |
|---|---|---|---|
| Revenue | $2.07B | $1.25B | $504.0M |
| Cost of Revenue | $1.02B | $567.9M | $252.6M |
| Gross Profit | $1.04B | $678.4M | $251.4M |
| Gross Margin | 50.6% | 54.4% | 49.9% |
| Operating Expenses | |||
| Research & Development | $78.2M | $33.5M | $15.1M |
| SG&A Expense | $272.9M | $174.0M | $82.2M |
| Operating Income | $679.6M | $438.3M | $137.2M |
| Operating Margin | 32.9% | 35.2% | 27.2% |
| Interest Expense | $5.3M | $509.0K | $2.3M |
| Pretax Income | $686.3M | $463.8M | $156.0M |
| Income Tax Expense | $46.2M | $115.4M | $-2.4M |
| Net Income | $640.1M | $348.3M | $158.4M |
| Net Margin | 31.0% | 27.9% | 31.4% |
| EPS (Basic) | $7.67 | $4.34 | $2.12 |
| EPS (Diluted) | $7.53 | $4.24 | $2.03 |
| Shares Outstanding (Basic) | 83.5M | 80.2M | 74.7M |
| Shares Outstanding (Diluted) | 85.0M | 82.1M | 78.0M |
| Dividends Per Share | — | — | — |