First Solar Inc (FSLR) — Cash Flow Reinvestment Rate
First Solar Inc (FSLR) has a Cash Flow Reinvestment Rate of 0.14x as of December 2025, reinvesting $175.89 Million (capex $171.73 Million plus investments $-4.16 Million) from operating cash flow of $1.24 Billion. See FSLR cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
First Solar Inc Cash Flow Reinvestment Rate (2005–2025)
Historical reinvestment intensity for First Solar Inc across 17 annual periods. For the full cash flow conversion analysis, see First Solar Inc operating cash flow efficiency.
Annual Cash Flow Reinvestment Rate for First Solar Inc (2005–2025)
Year-by-year capital reinvestment analysis for First Solar Inc. See financial agility of First Solar Inc to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.48x | $982.98 Million | $2.06 Billion | $869.88 Million | ▼ -81.2% |
| 2024 | 2.54x | $3.09 Billion | $1.22 Billion | $1.53 Billion | ▼ -32.3% |
| 2023 | 3.75x | $2.26 Billion | $602.26 Million | $1.39 Billion | ▲ +56.1% |
| 2022 | 2.40x | $2.10 Billion | $873.37 Million | $903.61 Million | ▼ -17.1% |
| 2021 | 2.90x | $687.75 Million | $237.56 Million | $540.29 Million | ▼ -84.8% |
| 2020 | 19.06x | $707.54 Million | $37.12 Million | $416.63 Million | ▲ +239.5% |
| 2019 | 5.61x | $978.01 Million | $174.20 Million | $668.72 Million | ▲ +1101.3% |
| 2017 | 0.47x | $626.56 Million | $1.34 Billion | $514.36 Million | ▼ -70.9% |
| 2016 | 1.61x | $332.15 Million | $206.75 Million | $229.45 Million | ▲ +185.5% |
| 2014 | 0.56x | $383.19 Million | $680.99 Million | $257.55 Million | ▼ -22.8% |
| 2013 | 0.73x | $624.40 Million | $856.13 Million | $282.58 Million | ▲ +25.9% |
| 2012 | 0.58x | $441.53 Million | $762.21 Million | $379.23 Million | ▼ -47.2% |
| 2010 | 1.10x | $774.00 Million | $705.49 Million | $588.91 Million | ▲ +6.3% |
| 2009 | 1.03x | $696.61 Million | $675.19 Million | $279.94 Million | ▲ +4.0% |
| 2008 | 0.99x | $459.27 Million | $463.07 Million | $459.27 Million | ▼ -15.7% |
| 2007 | 1.18x | $242.37 Million | $205.95 Million | $242.37 Million | ▼ -86.0% |
| 2005 | 8.43x | $42.48 Million | $5.04 Million | $42.48 Million | — |