First Solar, Inc.

(NASDAQ:FSLR)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Assets
Current Assets
Cash & Equivalents	581,779	511,244	590,534	404,264
Restricted Cash	—	—	—	—
Marketable Securities	133,371	121,760	90,130	232,686
Accounts Receivable	41,474	49,994	18,027	18,165
Loans Receivable	—	—	—	—
Other Receivable	897	897	897	35,877
Receivables	42,371	50,891	18,924	54,042
Raw Materials	—	75,843	38,983	22,874
Work in Progress	—	2,842	3,165	2,289
Purchased Components	—	—	—	—
Finished Goods	—	28,217	16,411	15,041
Other Inventories	—	—	—	—
Inventories Adjustments and Allowances	—	—	—	—
Inventories	126,469	106,902	58,559	40,204
Prepaid Expenses	65,591	15,681	34,976	23,178
Current Deferred Income Taxes	3,716	14,184	3,909	3,890
Other Current Assets	—	17,911	1,219	44,245
Total Current Assets	962,376	838,573	798,251	802,509
Land and Improvements	—	3,712	3,724	3,046
Building and Improvements	—	121,045	81,444	48,725
Machinery Furniture and Equipment	—	337,590	311,488	177,490
Construction in Progress	—	278,773	186,755	243,977
Other Fixed Assets	—	—	—	—
Total Fixed Assets	—	741,120	583,411	473,238
Gross Fixed Assets	750,477	741,120	583,411	473,238
Accumulated Depreciation and Depletion	—	66,852	54,021	43,134
Net Fixed Assets	750,477	674,268	529,390	430,104
Intangibles	—	—	—	—
Cost in Excess	33,829	33,829	33,829	33,449
Non Current Deferred Income Taxes	54,852	55,279	51,583	51,811
Other Non Current Assets	28,392	73,181	64,106	53,439
Total Non Current Assets	867,550	836,557	678,908	568,803
Total Assets	1,859,850	1,675,130	1,477,159	1,371,312
Liabilities
Current Liabilities
Accounts Payable	36,691	42,483	167,063	132,366
Notes Payable	—	—	—	—
Short Term Debt	26,691	24,629	17,673	39,309
Accrued Expenses	146,913	120,526	—	—
Accrued Liabilities	—	—	—	—
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	87,336	91,611	43,008	14,803
Total Current Liabilities	297,631	279,249	227,744	186,478
Non Current Liabilities
Long Term Debt	140,808	108,547	70,210	68,856
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	—	—	—	—
Other Non Current Liabilities	36,241	36,733	28,028	18,711
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	474,680	424,529	325,982	274,045
Total Liabilities	177,049	145,280	98,238	87,567
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	1,385,170	1,250,601	1,151,177	1,097,267
Common Par	81	80	80	79
Additional Paid in Capital	1,144,678	1,127,247	1,100,633	1,079,775
Cumulative Translation Adjustment	—	15,561	15,560	6,118
Retained Earnings	228,454	129,185	59,514	12,895
Treasury Stock	—	—	—	—
Other Equity Adjustments	11,957	-21,472	-24,610	-1,600
Total Capitalization	1,525,978	1,359,148	1,221,387	1,166,123
Cash Flow	—	260,398	228,367	182,835
Working Capital	664,745	559,324	570,507	616,031
Free Cash Flow	—	-112,416	-11,336	-41,920
Invested Capital	1,525,978	1,359,148	1,221,387	1,166,123
Total Equity	1,385,170	1,250,601	1,151,177	1,097,267
Total Liabilities and Stock Equity	1,859,850	1,675,130	1,477,159	1,371,312

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005
Assets
Current Assets
Cash & Equivalents	404,264	308,092	16,721
Restricted Cash	—	—	—
Marketable Securities	232,686	323	312
Accounts Receivable	18,165	27,966	1,098
Loans Receivable	—	—	—
Other Receivable	35,877	27,515	—
Receivables	54,042	55,481	1,098
Raw Materials	22,874	8,212	1,675
Work in Progress	2,289	1,123	597
Purchased Components	—	—	—
Finished Goods	15,041	7,175	4,645
Other Inventories	—	—	—
Inventories Adjustments and Allowances	—	—	—
Inventories	40,204	16,510	6,917
Prepaid Expenses	23,178	8,116	1,505
Current Deferred Income Taxes	3,890	—	—
Other Current Assets	44,245	—	—
Total Current Assets	802,509	388,522	26,553
Land and Improvements	3,046	2,836	1,047
Building and Improvements	48,725	24,890	22,321
Machinery Furniture and Equipment	177,490	84,231	20,092
Construction in Progress	243,977	85,791	39,195
Other Fixed Assets	—	—	—
Total Fixed Assets	473,238	197,748	82,655
Gross Fixed Assets	473,238	197,748	82,655
Accumulated Depreciation and Depletion	43,134	18,880	8,877
Net Fixed Assets	430,104	178,868	73,778
Intangibles	—	—	—
Cost in Excess	33,449	—	—
Non Current Deferred Income Taxes	51,811	—	—
Other Non Current Assets	53,439	11,120	1,553
Total Non Current Assets	568,803	189,988	75,331
Total Assets	1,371,312	578,510	101,884
Liabilities
Current Liabilities
Accounts Payable	132,366	32,083	4,599
Notes Payable	—	—	20,000
Short Term Debt	39,309	19,650	142
Accrued Expenses	—	—	9,172
Accrued Liabilities	—	—	—
Deferred Revenues	—	—	—
Current Deferred Income Tax Liabilities	—	—	—
Other Current Liabilities	14,803	340	—
Total Current Liabilities	186,478	52,073	33,913
Non Current Liabilities
Long Term Debt	68,856	61,047	28,581
Capital Lease Obligations	—	—	—
Deferred Income Tax Liabilities	—	—	—
Other Non Current Liabilities	18,711	3,724	996
Minority Interest Liabilities	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—
Preferred Equity Outside Stock Equity	—	—	—
Total Non Current Liabilities	274,045	167,070	88,755
Total Liabilities	87,567	114,997	54,842
Shareholders' Equity
Preferred Stock Equity	—	—	—
Common Stock Equity	1,097,267	411,440	13,129
Common Par	79	72	—
Additional Paid in Capital	1,079,775	555,749	—
Cumulative Translation Adjustment	6,118	—	—
Retained Earnings	12,895	-145,403	-149,377
Treasury Stock	—	—	—
Other Equity Adjustments	-1,600	1,022	162,506
Total Capitalization	1,166,123	472,487	41,710
Cash Flow	182,835	14,184	-3,175
Working Capital	616,031	336,449	-7,360
Free Cash Flow	-41,920	-153,726	-37,441
Invested Capital	1,166,123	472,487	41,710
Total Equity	1,097,267	411,440	13,129
Total Liabilities and Stock Equity	1,371,312	578,510	101,884