FSLR First Solar
FY2024 10-K
First Solar (FSLR) filed its fiscal year 2024 10-K annual report with the SEC on Feb 25, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2024 10-K
Business Overview
- • Core business: Advanced thin film photovoltaic (PV) solar module manufacturing using fully integrated U.S.-based process independent of Chinese crystalline silicon supply chains
- • Emphasis on scaling highest-performance thin film PV tech as largest Western Hemisphere solar module manufacturer, maintaining U.S. headquarters leadership
Management Discussion & Analysis
- • Revenue $4.2B in 2024, up 27% from $3.3B in 2023, driven by higher module sales and contract termination payments
- • Gross profit margin 44.2% in 2024 vs 39.2% in 2023, up 5.0 percentage points due to advanced manufacturing credits and sales mix
Risk Factors
- • Supply chain risk from long-term substrate glass agreements with termination penalties up to $475.1 million as of December 31, 2024
- • Geopolitical exposure with expanding U.S. and Indian facilities requiring increased property, plant, and equipment investments
Financial SummaryXBRL
Revenue
$4.2B
Net Income
$1.3B
Gross Margin
44.2%
Operating Margin
33.2%
Net Margin
30.7%
ROE
16.2%
Total Assets
$12.1B
EPS (Diluted)
$12.02
Operating Cash Flow
$1.2B
Source: XBRL data from First Solar FY2024 10-K filing on SEC EDGAR. All figures in USD.
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