Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/1274494/000127449418000046/fslr10-q09x30x2018.htm
October 2022
July 2022
May 2022
May 2022
May 2022
April 2022
April 2022
March 2022
February 2022
November 2021
News Release |
• | Net sales of $676 million |
• | Net income per share of $0.54 |
• | Cash and marketable securities of $2.7 billion, net cash of $2.3 billion |
• | YTD net bookings of 5.2GWDC; 1.1GWDC booked since prior earnings call |
• | Series 6 commercial shipments commenced from third factory location |
• | Earnings guidance lowered primarily due to timing of systems project sale |
2018 GAAP Guidance | Prior | Current |
Net Sales | $2.5B to $2.6B | $2.3B to $2.4B |
Gross Margin % (1) | 20.5% to 21.5% | 18.5% to 19.5% |
Operating Expenses (2) | $390M to $400M | $345M to $355M |
Operating Income | $120M to $160M | $90M to $110M |
Earnings per Share | $1.50 to $1.90 | $1.40 to $1.60 |
Net Cash Balance (3) | $2.2B to $2.4B | $2.0B to $2.2B |
Operating Cash Flow | $100M to $200M | $(100M) to $0M |
Capital Expenditures | $800M to $900M | Unchanged |
Shipments | 2.8GW to 2.9GW | 2.6GW to 2.7GW |
(1) | Includes approximately $100 million of ramp costs |
(2) | Includes approximately $90 million of production start-up expense |
(3) | Defined as cash and marketable securities less expected debt at the end of 2018 |
Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/1274494/000127449418000046/fslr10-q09x30x2018.htm
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by First Solar, Inc..
First Solar, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:
Rating
Learn More![]()
Any declines in the competitiveness of our products could result in additional margin compression, further declines in the average selling prices of our modules and systems, erosion in our market share for modules and systems, and/or declines in overall net sales.
Adverse changes in these factors could increase the cost of utility-scale systems, which could reduce demand for such systems and limit the number of potential buyers.
The decrease in cost of sales was also driven by a $105.1 million decrease in our modules segment cost of sales primarily as a result of the following: Table of Contents Table of Contents lower costs of $149.7 million from a decrease in the volume of modules sold; continued cost reductions in the cost per watt of our solar modules, which decreased cost of sales by $18.6 million; and the net reduction in our module collection and recycling liability described above; partially offset by higher under-utilization and certain other charges associated with the initial ramp of certain Series 6 manufacturing lines, which increased cost of sales by $68.8 million; and a reduction to our product warranty liability of $12.5 million during the nine months ended September 30, 2017 due to lower legacy module replacement costs.
Such financings could result in increased debt service expenses, dilution to our existing stockholders, or restrictive covenants which could restrain our ability to pursue our strategic plans.
Systems Business For our systems business, project-related costs include development costs (legal, consulting, transmission upgrade, interconnection, permitting, and other similar costs), EPC costs (consisting primarily of solar modules, inverters, electrical and mounting hardware, project management and engineering costs, and construction labor costs), and site specific costs.
The following table shows selling,...Read more
Should these financing alternatives be...Read more
Investing Activities The increase in...Read more
Costs related to equipment upgrades...Read more
The decrease in cost of...Read more
Table of Contents Table of...Read more
Gross profit increased 0.2% to...Read more
If competitors reduce pricing to...Read more
Cash Flows The following table...Read more
In certain markets in California...Read more
We continue to mitigate these...Read more
Polysilicon costs have declined in...Read more
Our failure to obtain raw...Read more
Equity in earnings, net of...Read more
Net sales from our modules...Read more
In general, we expect production...Read more
The following table shows research...Read more
Lower industry module and system...Read more
In addition, changes to foreign...Read more
The following table shows equity...Read more
We believe the solar industry...Read more
The following table shows net...Read more
Gross profit Gross profit may...Read more
Storage solutions continue to evolve...Read more
The Table of Contents Table...Read more
We expect the aggregate capital...Read more
The resulting cost savings are...Read more
We may also consider entering...Read more
As noted above, competition on...Read more
We continually evaluate forecasted global...Read more
The decrease in gross profit...Read more
Such charges included net losses...Read more
Our long-term strategic plans are...Read more
Certain of our financial results...Read more
Our next generation Series 6...Read more
"Risk Factors" of our Annual...Read more
We maintain a number of...Read more
Projects are typically removed from...Read more
The timing, execution, and financial...Read more
The following table shows interest...Read more
If any future production lines...Read more
We believe these capital expenditures...Read more
Systems Business Through our fully...Read more
The following table shows cost...Read more
From time to time, we...Read more
The following table shows interest...Read more
While it is unclear how...Read more
We are closely evaluating and...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
First Solar, Inc. provided additional information to their SEC Filing as exhibits
Ticker: FSLR
CIK: 1274494
Form Type: 10-Q Quarterly Report
Accession Number: 0001274494-18-000046
Submitted to the SEC: Thu Oct 25 2018 9:58:06 AM EST
Accepted by the SEC: Fri Oct 26 2018
Period: Sunday, September 30, 2018
Industry: Semiconductors And Related Devices