Summary
This filing for First Solar, Inc. (FSLR) as of June 30, 2015, addresses Item 4 concerning Controls and Procedures and Item 6 for Exhibits. The company's management, including the CEO and CFO, has evaluated their disclosure controls and procedures and concluded they were effective in ensuring timely and accurate disclosure of material information. Furthermore, no changes in internal control over financial reporting occurred during the quarter that would materially affect their effectiveness, according to management's evaluation. The filing reiterates the inherent limitations of any control system, which can only provide reasonable, not absolute, assurance against errors or fraud.
Financial Highlights
53 data pointsBeta
Financial Statements
Beta
| Revenue | $896.22M |
| Cost of Revenue | $731.73M |
| Gross Profit | $164.48M |
| R&D Expenses | $29.48M |
| SG&A Expenses | $70.90M |
| Operating Expenses | $107.35M |
| Operating Income | $57.13M |
| Interest Expense | $826K |
| Net Income | $93.89M |
| EPS (Basic) | $0.93 |
| EPS (Diluted) | $0.92 |
| Shares Outstanding (Basic) | 100.85M |
| Shares Outstanding (Diluted) | 101.61M |
Key Highlights
- 1Disclosure controls and procedures were deemed effective as of June 30, 2015, ensuring timely and accurate reporting.
- 2No material changes in internal control over financial reporting were identified during the three months ended June 30, 2015.
- 3CEO and CFO certifications regarding the effectiveness of disclosure controls and internal controls are attached as exhibits.
- 4The company acknowledges the inherent limitations of internal control systems, which provide reasonable, not absolute, assurance.
- 5This filing is an amendment (10-Q/A) to the quarterly report, suggesting a follow-up or correction to a prior filing.
- 6The filing focuses specifically on controls and procedures, rather than financial performance metrics or operational results.
Frequently Asked Questions
This amendment (10-Q/A) primarily addresses the company's internal controls and procedures for financial reporting as of June 30, 2015, confirming their effectiveness and noting no material changes during the quarter.
No, the filing explicitly states that both disclosure controls and procedures and internal control over financial reporting were found to be effective, with no material changes identified. Management, including the CEO and CFO, has certified to this effectiveness.
This is a standard disclaimer acknowledging that while internal controls are designed to be robust, they cannot guarantee the complete elimination of all errors or fraud due to factors like human judgment, potential breakdowns, or deliberate circumvention. They aim to provide a high level of confidence, but not infallibility.
Filings are amended to correct errors, provide updated information, or respond to specific SEC requests. While the content here confirms controls are effective, the amendment status implies a prior filing may have needed clarification or a formal update on these specific control-related matters.