First Solar Inc (FSLR) — Free Cash Flow Generation Index
First Solar Inc (FSLR) has a Free Cash Flow Generation Index of 0.86x as of December 2025. Free cash flow of $1.07 Billion represents 1% of operating cash flow ($1.24 Billion). Read how much debt does First Solar Inc carry for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
First Solar Inc Free Cash Flow Generation Index (2005–2025)
Historical FCF Generation Index trend for First Solar Inc across 17 annual periods. Explore FSLR capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for First Solar Inc (2005–2025)
Year-by-year Free Cash Flow Generation Index for First Solar Inc. For the full company profile including market capitalisation, see FSLR market cap overview.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.58x | $1.19 Billion | $2.06 Billion | $869.88 Million | ▲ +328.2% |
| 2024 | -0.25x | $-308.08 Million | $1.22 Billion | $1.53 Billion | ▲ +80.6% |
| 2023 | -1.30x | $-784.51 Million | $602.26 Million | $1.39 Billion | ▼ -3662.6% |
| 2022 | -0.03x | $-30.24 Million | $873.37 Million | $903.61 Million | ▲ +97.3% |
| 2021 | -1.27x | $-302.73 Million | $237.56 Million | $540.29 Million | ▲ +87.5% |
| 2020 | -10.22x | $-379.51 Million | $37.12 Million | $416.63 Million | ▼ -260.2% |
| 2019 | -2.84x | $-494.52 Million | $174.20 Million | $668.72 Million | ▼ -560.6% |
| 2017 | 0.62x | $826.32 Million | $1.34 Billion | $514.36 Million | ▲ +661.4% |
| 2016 | -0.11x | $-22.70 Million | $206.75 Million | $229.45 Million | ▼ -117.7% |
| 2014 | 0.62x | $423.44 Million | $680.99 Million | $257.55 Million | ▼ -7.2% |
| 2013 | 0.67x | $573.55 Million | $856.13 Million | $282.58 Million | ▲ +33.3% |
| 2012 | 0.50x | $382.98 Million | $762.21 Million | $379.23 Million | ▲ +204.1% |
| 2010 | 0.17x | $116.58 Million | $705.49 Million | $588.91 Million | ▼ -71.8% |
| 2009 | 0.59x | $395.25 Million | $675.19 Million | $279.94 Million | ▲ +7041.1% |
| 2008 | 0.01x | $3.80 Million | $463.07 Million | $459.27 Million | ▲ +104.6% |
| 2007 | -0.18x | $-36.42 Million | $205.95 Million | $242.37 Million | ▲ +97.6% |
| 2005 | -7.43x | $-37.44 Million | $5.04 Million | $42.48 Million | — |