Operating
First Solar·Cash Flow Statement·17 metrics
Breakdown
| Metric | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Net income | $349.4M | $313M | $393.1M | $209.5M | $341.9M | $455.9M | $520.9M | $346.6M |
| Net cash from operating activities | $193M | $0 | $811M | -$608M | $149.6M | $1.3B | $1.2B | -$214.9M |
| Change in accounts payable | — | — | $277.7M | -$145.8M | $60.7M | -$79.1M | $168.9M | -$211.4M |
| Increase (Decrease) in Government Grants Receivable | — | $264.7M | -$329.5M | $99.1M | $78.3M | $264.6M | — | $204.9M |
| Depreciation and amortization | $97.3M | $111.2M | $124.4M | $124.8M | $125.7M | $138.1M | $140.6M | $147.4M |
| Change in inventories | $66M | $218.9M | — | $202.8M | $121M | -$323.1M | -$378.4M | $143.8M |
| Change in accounts receivable | -$12.1M | $98.4M | $436.5M | $306.8M | $110.3M | -$220.2M | -$227.6M | $85.8M |
| Change in deferred revenue | -$50.5M | -$660K | $13.9M | -$91.2M | -$95.5M | $449.5M | -$452.8M | -$38.1M |
| Deferred revenue | -$50.5M | -$660K | $13.9M | -$91.2M | -$95.5M | $449.5M | -$452.8M | -$38.1M |
| Change in other assets | $78.8M | $14.8M | $128.2M | $114.6M | $0 | $44.1M | $21.6M | $33.9M |
| Increase (Decrease) in Other Operating Assets | $78.8M | $14.8M | $128.2M | $114.6M | $0 | $44.1M | $21.6M | $33.9M |
| Change in other liabilities | $0 | $1.9M | $21.1M | $6.9M | $46.3M | $30.6M | — | -$32M |
| Change in income taxes payable/receivable | — | $31.9M | $11.7M | -$5.9M | -$33.8M | -$5M | — | $29.5M |
| Increase (Decrease) in Income Taxes Payable, Net of Income Taxes Receivable | — | $31.9M | $11.7M | -$5.9M | -$33.8M | -$5M | — | $29.5M |
| Other working capital changes | $2.5M | $1.6M | $10.1M | $9.7M | $0 | $21M | $16M | $20.5M |
| Deferred income taxes | -$29.4M | -$26.9M | — | $4.7M | $1.1M | $20.6M | $0 | -$15.7M |
| Stock-based compensation | $8.4M | $6.8M | $6.1M | $2.6M | $6.8M | $7.3M | $2.5M | $6.8M |