What does solar module — revenue from related parties mean?

Revenue earned from selling solar modules to affiliated companies or business partners.

How do you interpret solar module — revenue from related parties?

An increase may indicate a strategic reliance on captive project development to secure volume, while a decrease suggests a shift toward broader, third-party market adoption.

How does solar module — revenue from related parties compare across companies?

Similar to 'Related Party Revenue' or 'Intercompany Sales' reported by other manufacturers with integrated project development arms or joint venture structures.

First Solar FSLR Solar Module — Revenue From Related Parties

Discontinued — last reported Q4 '17

Similar metrics at other companies

ALGMRelated Party Revenue — Revenue

$2.58M-91.1%

NRGRenewables — Related Party Transaction Other Revenues From Transactions With Related Party

$0—

ALGMRelated Party — Total Net Sales

$41.71M+17.6%

MEDPService — Revenue From Related Parties

$5.1M—

MEDPDirect Revenue — Revenue From Related Parties

$2.2M-63.5%

NRGHome Solar — Inter Segment Sales

$250K—

Other financials

Income statement

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Revenue$1.0B+23.6%

Gross profit$486.1M+41.2%

Operating income$345.3M+56.1%

Net income$346.6M+65.4%

EPS (diluted)$3.22+65.1%

Balance sheet

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Cash & equivalents$2.4B+182%

Total debt$590.9M-6.5%

Total equity$9.9B+20.7%

Total assets$13.4B+10.2%

Cash flow

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Operating cash flow-$214.9M+64.7%

CapEx$118.5M-42.5%

Free cash flow-$333.4M+59.0%

Valuation

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Market cap$27.69B+56.4%

Enterprise value$25.91B+45.5%

P/E16.6×+2.6×

P/S5.1×+1.0×

Profitability

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Gross margin41.7%-1.9pp

Operating margin31.8%-0.5pp

Net margin30.7%+1.0pp

FCF margin30.8%—

Returns & leverage

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Return on equity18.4%+1.7pp

Debt / equity0.1×0.0×

Current ratio2.6×+0.6×

Where this comes from

Reported directly by First Solar in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromRelatedParties.

The official record: First Solar’s 10-K, filed February 22, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does solar module — revenue from related parties mean?: Revenue earned from selling solar modules to affiliated companies or business partners.
How do you interpret solar module — revenue from related parties?: An increase may indicate a strategic reliance on captive project development to secure volume, while a decrease suggests a shift toward broader, third-party market adoption.
How does solar module — revenue from related parties compare across companies?: Similar to 'Related Party Revenue' or 'Intercompany Sales' reported by other manufacturers with integrated project development arms or joint venture structures.