First Historical Cash Flow
| FSLR Stock | USD 186.05 4.10 2.25% |
Analysis of First Solar cash flow over time is an excellent tool to project First Solar future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Capital Expenditures of 1.5 B or Total Cash From Operating Activities of 370.5 M as it is a great indicator of First Solar ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining First Solar latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether First Solar is a good buy for the upcoming year.
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About First Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in First balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which First's non-liquid assets can be easily converted into cash.
First Solar Cash Flow Chart
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Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in First Solar financial statement analysis. It represents the amount of money remaining after all of First Solar operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Most accounts from First Solar's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into First Solar current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Solar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in First Stock, please use our How to Invest in First Solar guide.At this time, First Solar's Change In Cash is relatively stable compared to the past year. As of 11/25/2024, Capital Expenditures is likely to grow to about 1.5 B, though Other Cashflows From Financing Activities is likely to grow to (29.6 M).
First Solar cash flow statement Correlations
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First Solar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
First Solar cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (116.1M) | (172.9M) | 182.2M | 37.6M | 471.6M | 495.2M | |
| Free Cash Flow | (494.5M) | (379.5M) | (302.7M) | (30.2M) | (784.5M) | (745.3M) | |
| Other Cashflows From Financing Activities | 121.1M | (804K) | (16.0M) | (12.1M) | (31.1M) | (29.6M) | |
| Other Non Cash Items | (119.1M) | (97.0M) | (225.1M) | (366.7M) | 16.7M | 14.9M | |
| Capital Expenditures | 668.7M | 416.6M | 540.3M | 903.6M | 1.4B | 1.5B | |
| Total Cash From Operating Activities | 174.2M | 37.1M | 237.6M | 873.4M | 602.3M | 370.5M | |
| Net Income | (114.9M) | 398.4M | 468.7M | (44.2M) | 830.8M | 872.3M | |
| Total Cash From Financing Activities | 74.9M | (82.6M) | 40.6M | 309.4M | 336.9M | 353.7M | |
| End Period Cash Flow | 1.4B | 1.3B | 1.5B | 1.5B | 2.0B | 1.1B | |
| Change To Inventory | (83.5M) | (145.4M) | (136.4M) | 16.7M | (205.1M) | (194.9M) | |
| Change In Working Capital | 225.3M | (562.5M) | (336.7M) | 998.6M | (526.7M) | (500.3M) | |
| Begin Period Cash Flow | 1.6B | 1.4B | 1.3B | 1.5B | 1.5B | 1.1B | |
| Depreciation | 205.5M | 232.9M | 259.9M | 269.7M | 308.0M | 185.7M | |
| Change To Account Receivables | 301.1M | (196.3M) | (222.2M) | 118.7M | (304.2M) | (289.0M) | |
| Change To Liabilities | 409.0M | (836.0M) | (56.8M) | 912.9M | 1.0B | 1.1B | |
| Sale Purchase Of Stock | (16.1M) | (13.1M) | (16.0M) | (12.1M) | (31.1M) | (29.6M) | |
| Stock Based Compensation | 37.4M | 29.3M | 20.9M | 28.7M | 34.2M | 29.8M | |
| Investments | 309.3M | 290.9M | 147.5M | (1.2B) | (869.7M) | (826.2M) | |
| Net Borrowings | 90.0M | (68.7M) | 56.5M | 321.5M | 369.7M | 388.2M | |
| Total Cashflows From Investing Activities | (362.3M) | (131.2M) | (99.0M) | (1.2B) | (1.4B) | (1.3B) | |
| Cash And Cash Equivalents Changes | (754.3M) | (113.2M) | (176.7M) | 179.1M | 161.2M | 169.2M | |
| Cash Flows Other Operating | (311.7M) | (155.2M) | (78.3M) | (143.7M) | (129.4M) | (122.9M) | |
| Other Cashflows From Investing Activities | (2.9M) | (5.5M) | 293.8M | (3.1M) | (3.5M) | (3.3M) | |
| Change To Netincome | (12.9M) | 120.4M | (57.1M) | (350.8M) | (315.7M) | (300.0M) | |
| Change To Operating Activities | 374.7M | (541.5M) | (125.2M) | (93.3M) | (107.3M) | (112.7M) | |
| Change Receivables | (202.3M) | (73.6M) | 345.2M | (97.0M) | (111.5M) | (105.9M) |
Pair Trading with First Solar
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Solar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Solar will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
Moving against First Stock
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The ability to find closely correlated positions to First Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Solar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Solar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Solar to buy it.
The correlation of First Solar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Solar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Solar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for First Stock Analysis
When running First Solar's price analysis, check to measure First Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Solar is operating at the current time. Most of First Solar's value examination focuses on studying past and present price action to predict the probability of First Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Solar's price. Additionally, you may evaluate how the addition of First Solar to your portfolios can decrease your overall portfolio volatility.