FIRST SOLAR INC
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
FSLR$180.98-5.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations for the three months ended March 31, 2024 and 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net sales | $794,108 | $548,286 |
| Cost of sales | 448,105 | 436,235 |
| Gross profit | 346,003 | 112,051 |
| Operating expenses: | ||
| Selling, general and administrative | 45,827 | 44,028 |
| Research and development | 42,742 | 30,510 |
| Production start-up | 15,408 | 19,494 |
| Total operating expenses | 103,977 | 94,032 |
| Gain on sales of businesses, net | 1,115 | (17) |
| Operating income | 243,141 | 18,002 |
| Foreign currency loss, net | (2,858) | (5,947) |
| Interest income | 27,245 | 25,822 |
| Interest expense, net | (9,210) | (748) |
| Other expense, net | (2,799) | (1,456) |
| Income before taxes | 255,519 | 35,673 |
| Income tax (expense) benefit | (18,903) | 6,888 |
| Net income | $236,616 | $42,561 |
| Net income per share: | ||
| Basic | $2.21 | $0.40 |
| Diluted | $2.20 | $0.40 |
| Weighted-average number of shares used in per share calculations: | ||
| Basic | 106,910 | 106,675 |
| Diluted | 107,407 | 107,154 |
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