undamentalytics Newsletter
Sign in

First Solar, Inc. cash flow statement

In fiscal 2025, First Solar, Inc.'s operations generated $2.06bn of cash; it spent $870m on capital projects, leaving free cash flow of $1.19bn.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations675705−33762856736−3252071,341−327174372388736021,2182,057839
Depreciation and amortisation13015623526523921722520492131205233260270308423529592
Stock-based pay89100114375544452935343729212934281925
Capital spending2805897323792832581662295147406694175409041,3871,526870606
Free cash flow395117−765383574478−492−23826−1,067−495−380−303−30−785−3081,187233
Free cash flow after stock pay30717−880346519434−537−51791−1,101−532−409−324−59−819−3361,168207
Shares issued0—0042800———————————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

Head to head: ARM vs FSLRFSLR vs MCHPCSIQ vs FSLR

More: Semiconductors stocks compared, Technology sector, rankings of US companies

Figures from First Solar, Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to First Solar, Inc.