First Solar (FSLR) 10-Q8 May 202020 Q1 Quarterly reportFinancial data

Company Profile

Document

Document - shares	3 Months Ended
Document - shares	Mar. 31, 2020	May 01, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	001-33156
Entity Registrant Name	First Solar, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-4623678
Entity Address, Address Line One	350 West Washington Street, Suite 600
Entity Address, City or Town	Tempe
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85281
City Area Code	602
Local Phone Number	414-9300
Title of 12(b) Security	Common stock, $0.001 par value
Trading Symbol	FSLR
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		105,907,134
Entity Central Index Key	0001274494
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net sales	$ 532,124	$ 531,978
Cost of sales	441,786	531,866
Gross profit	90,338	112
Operating expenses:
Selling, general and administrative	58,587	45,352
Research and development	25,613	21,877
Production start-up	4,482	9,522
Total operating expenses	88,682	76,751
Operating income (loss)	1,656	(76,639)
Foreign currency (loss) income, net	(398)	172
Interest income	9,330	14,259
Interest expense, net	(6,789)	(10,121)
Other (expense) income, net	(2,222)	3,509
Income (loss) before taxes and equity in earnings	1,577	(68,820)
Income tax benefit	89,215	1,394
Equity in earnings, net of tax	(88)	(173)
Net income (loss)	$ 90,704	$ (67,599)
Net income (loss) per share:
Basic	$ 0.86	$ (0.64)
Diluted	$ 0.85	$ (0.64)
Weighted-average number of shares used in per share calculations:
Basic	105,595	105,046
Diluted	106,386	105,046

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net income (loss)	$ 90,704	$ (67,599)
Other comprehensive loss:
Foreign currency translation adjustments	(8,064)	(1,142)
Unrealized gain (loss) on marketable securities and restricted marketable securities, net of tax of $389 and $977	2,852	(3,347)
Unrealized gain (loss) on derivative instruments, net of tax of $(79) and $(27)	896	(58)
Other comprehensive loss	(4,316)	(4,547)
Comprehensive income (loss)	86,388	(72,146)
Unrealized gain (loss) on marketable securities and restricted marketable securities, tax	389	977
Unrealized gain (loss) on derivative instruments, tax	$ (79)	$ (27)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 929,355	$ 1,352,741
Marketable securities (amortized cost of $586,628 and allowance for credit losses of $215 at March 31, 2020)	579,340	811,506
Accounts receivable trade	293,612	476,425
Accounts Receivable, Allowance for Credit Loss	(3,331)	(1,386)
Accounts receivable trade, net	290,281	475,039
Accounts receivable, unbilled and retainage	122,332	183,473
Accounts receivable, unbilled and retainage, allowance for credit losses	(1,223)	0
Accounts receivable, unbilled and retainage, net	121,109	183,473
Inventories	479,792	443,513
Balance of systems parts	44,718	53,583
Project assets	403	3,524
Prepaid expenses and other current assets	302,845	276,455
Total current assets	2,747,843	3,599,834
Property, plant and equipment, net	2,244,175	2,181,149
PV solar power systems, net	470,709	476,977
Project assets	388,511	333,596
Deferred tax assets, net	213,600	130,771
Restricted marketable securities (amortized cost $242,156 and allowance for credit losses of $30 at March 31, 2020)	246,410	223,785
Goodwill	14,462	14,462
Intangibles assets, net	63,918	64,543
Inventories	182,259	160,646
Other assets	377,254	329,926
Total assets	6,949,141	7,515,689
Current liabilities:
Accounts payable	173,762	218,081
Income taxes payable	8,287	17,010
Accrued expenses	296,796	351,260
Current portion of long-term debt	81,807	17,510
Deferred revenue	136,998	323,217
Accrued litigation	13,000	363,000
Other current liabilities	21,785	28,130
Total current liabilities	732,435	1,318,208
Accrued solar module collection and recycling liability	138,009	137,761
Long-term debt	390,588	454,187
Other liabilities	519,487	508,766
Total liabilities	1,780,519	2,418,922
Commitments and contingencies
Stockholders' equity:
Common stock, $0.001 par value per share; 500,000,000 shares authorized; 105,905,580 and 105,448,921 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	106	105
Additional paid-in capital	2,844,055	2,849,376
Accumulated earnings	2,408,111	2,326,620
Accumulated other comprehensive loss	(83,650)	(79,334)
Total stockholders' equity	5,168,622	5,096,767
Total liabilities and stockholders' equity	$ 6,949,141	$ 7,515,689

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares Issued	105,905,580	105,448,921
Common Stock, Shares Outstanding	105,905,580	105,448,921
Marketable securities, Amortized Cost	$ 586,628	$ 811,277
Marketable Securities, Allowance for Credit Loss	215	0
Restricted Debt Securities [Member]
Marketable securities, Amortized Cost	242,156	229,199
Marketable Securities, Allowance for Credit Loss	$ 30	$ 0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity Statement - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Earnings [Member]	Accumulated Other Comprehensive (Loss) Income [Member]
Common stock, shares, beginning balance at Dec. 31, 2018		104,885,000
Stockholders' equity, beginning balance at Dec. 31, 2018	$ 5,212,403	$ 105	$ 2,825,211	$ 2,441,553	$ (54,466)
Net income (loss)	(67,599)			(67,599)
Other comprehensive loss	(4,547)				(4,547)
Common stock issued for share-based compensation, shares		767,000
Common stock issued for share-based compensation	1	$ 1	0
Tax withholding related to vesting of restricted stock, shares		(299,000)
Tax withholding related to vesting of restricted stock	(15,664)	$ (1)	(15,663)
Share-based compensation expense	4,567		4,567
Common stock, shares, ending balance at Mar. 31, 2019		105,353,000
Stockholders' equity, ending balance at Mar. 31, 2019	5,129,161	$ 105	2,814,115	2,373,954	(59,013)
Cumulative effect adjustment for the adoption of ASU 2016-13	$ (9,213)
Cumulative effect adjustment for the adoption of ASU 2016-13 \| Accounting Standards Update 2016-13				(9,213)
Common stock, shares, beginning balance at Dec. 31, 2019	105,448,921	105,449,000
Stockholders' equity, beginning balance at Dec. 31, 2019	$ 5,096,767	$ 105	2,849,376	2,326,620	(79,334)
Net income (loss)	90,704			90,704
Other comprehensive loss	(4,316)				(4,316)
Common stock issued for share-based compensation, shares		733,000
Common stock issued for share-based compensation	1	$ 1	0
Tax withholding related to vesting of restricted stock, shares		(276,000)
Tax withholding related to vesting of restricted stock	(12,679)	$ 0	(12,679)
Share-based compensation expense	$ 7,358		7,358
Common stock, shares, ending balance at Mar. 31, 2020	105,905,580	105,906,000
Stockholders' equity, ending balance at Mar. 31, 2020	$ 5,168,622	$ 106	$ 2,844,055	$ 2,408,111	$ (83,650)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net income (loss)	$ 90,704	$ (67,599)
Adjustments to reconcile net income (loss) to cash used in operating activities:
Depreciation, amortization and accretion	56,279	48,872
Impairments and net losses on disposal of long-lived assets	1,288	352
Share-based compensation	7,204	5,019
Equity in earnings, net of tax	88	173
Remeasurement of monetary assets and liabilities	(18)	800
Deferred income taxes	(80,404)	397
Gains on sales of marketable securities and restricted marketable securities	(15,088)	(15,016)
Other, net	16,606	239
Changes in operating assets and liabilities:
Accounts receivable, trade, unbilled and retainage	242,680	(82,896)
Prepaid expenses and other current assets	(13,387)	(28,400)
Inventories and balance of systems parts	(48,896)	(87,102)
Project assets and PV solar power systems	(50,756)	(73,402)
Other assets	(54,925)	26,481
Income tax receivable and payable	(9,425)	(16,512)
Accounts payable	(38,161)	(15,066)
Accrued expenses and other liabilities	(609,218)	53
Accrued solar module collection and recycling liability	565	167
Net cash used in operating activities	(504,864)	(303,440)
Cash flows from investing activities:
Purchases of property, plant and equipment	(112,546)	(149,168)
Purchases of marketable securities and restricted marketable securities	(405,794)	(260,715)
Proceeds from sales and maturities of marketable securities and restricted marketable securities	628,936	270,091
Other investing activities	(14,150)	21
Net cash provided by (used in) investing activities	96,446	(139,771)
Cash flows from financing activities:
Repayment of Long-term Debt	325	2,703
Proceeds from borrowings under long-term debt, net of discounts and issuance costs	0	106,503
Payments of tax withholdings for restricted shares	(12,679)	(15,663)
Other financing activities	(436)	(299)
Net cash (used in) provided by financing activities	(13,440)	87,838
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(5,774)	(625)
Net decrease in cash, cash equivalents and restricted cash	(427,632)	(355,998)
Cash, cash equivalents and restricted cash, beginning of the period	1,446,510	1,562,623
Cash, cash equivalents and restricted cash, end of the period	1,018,878	1,206,625
Supplemental disclosure of noncash investing and financing activities:
Property, plant and equipment acquisitions funded by liabilities	$ 76,298	$ 135,520

1. Basis of Presentation

1. Basis of Presentation	3 Months Ended
1. Basis of Presentation	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements of First Solar, Inc. and its subsidiaries in this Quarterly Report have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information and pursuant to the instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (the “SEC”). Accordingly, these interim financial statements do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. In the opinion of First Solar management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair statement have been included. Certain prior period balances have been reclassified to conform to the current period presentation. The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Despite our intention to establish accurate estimates and reasonable assumptions, actual results could differ materially from such estimates and assumptions. Operating results for the three months ended March 31, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020 or for any other period. The condensed consolidated balance sheet at December 31, 2019 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. These interim financial statements and notes should be read in conjunction with the audited financial statements and notes thereto for the year ended December 31, 2019 included in our Annual Report on Form 10-K, which has been filed with the SEC. Unless expressly stated or the context otherwise requires, the terms “the Company,” “we,” “us,” “our,” and “First Solar” refer to First Solar, Inc. and its consolidated subsidiaries, and the term “condensed consolidated financial statements” refers to the accompanying unaudited condensed consolidated financial statements contained in this Quarterly Report.

2. Recent Accounting Pronouncem

2. Recent Accounting Pronouncements	3 Months Ended
2. Recent Accounting Pronouncements	Mar. 31, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	2. Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments – Credit Losses (Topic 326) , to provide financial statement users with more useful information about expected credit losses. ASU 2016-13 replaces the historical incurred loss model with a model that reflects current expected credit losses (“CECL”), which requires consideration of a broader range of information to measure credit losses and determine the timing of when such losses are recorded. The CECL model is applicable to certain financial assets measured at amortized cost that subject us to credit risk, including cash equivalents, trade accounts receivable, unbilled accounts receivable and retainage, and notes receivable. In addition, ASU 2016-13 amended certain aspects of the accounting for available-for-sale debt securities, including the presentation of credit losses as an allowance against, rather than a write-down of, the fair value of such securities. Furthermore, a credit loss is only considered when a security is in an unrealized loss position, is limited to the difference between such security’s fair value and amortized cost basis, and is recorded directly to “Other (expense) income, net.” Any remaining unrealized loss is recorded to “Accumulated other comprehensive loss” until realized. We adopted ASU 2016-13 in the first quarter of 2020 using the modified-retrospective approach, which resulted in the recognition of an initial allowance for credit losses for our various financial assets through a cumulative-effect adjustment that decreased retained earnings by $9.2 million, net of tax, as of January 1, 2020. The allowance for credit losses is a valuation account that is deducted from a financial asset’s amortized cost to present the net amount we expect to collect from such asset. We estimate allowances for credit losses using relevant available information from both internal and external sources. We monitor the estimated credit losses associated with our trade accounts receivable and unbilled accounts receivable based primarily on our collection history and the delinquency status of amounts owed to us, which we determine based on the aging of such receivables. For our notes receivable, we determine estimated credit losses through an assessment of the borrower’s credit quality based primarily on quarterly reviews of certain financial information, including financial statements and forecasts. We estimate credit losses associated with our marketable securities and restricted marketable securities based on the external credit rating for such investments and the historical loss rates associated with such credit ratings, which we obtain from third parties. Such methods and estimates are adjusted, as appropriate, for relevant past events, current conditions, such as the COVID-19 pandemic and related containment measures, and reasonable and supportable forecasts. We recognize writeoffs within the allowance for credit losses when cash receipts associated with our financial assets are deemed uncollectible. See Note 3. “Cash, Cash Equivalents, and Marketable Securities,” Note 4. “Restricted Marketable Securities,” and Note 5. “Consolidated Balance Sheet Details” to our condensed consolidated financial statements for further information about the allowance for credit losses associated with our various financial assets.

3. Cash, Cash Equivalents, and

3. Cash, Cash Equivalents, and Marketable Securities	3 Months Ended
3. Cash, Cash Equivalents, and Marketable Securities	Mar. 31, 2020
Cash, Cash Equivalents, and Short-term Investments [Abstract]
Cash, Cash Equivalents, and Marketable Securities	3. Cash, Cash Equivalents, and Marketable Securities Cash, cash equivalents, and marketable securities consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Cash and cash equivalents: Cash $ 929,014 $ 1,345,419 Money market funds 341 7,322 Total cash and cash equivalents 929,355 1,352,741 Marketable securities: Foreign debt 292,569 387,820 Foreign government obligations — 22,011 U.S. debt 54,567 66,134 Time deposits 232,204 335,541 Total marketable securities 579,340 811,506 Total cash, cash equivalents, and marketable securities $ 1,508,695 $ 2,164,247 The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within our condensed consolidated balance sheets as of March 31, 2020 and December 31, 2019 to the total of such amounts as presented in the condensed consolidated statement of cash flows (in thousands): Balance Sheet Line Item March 31, December 31, Cash and cash equivalents Cash and cash equivalents $ 929,355 $ 1,352,741 Restricted cash – current Prepaid expenses and other current assets 47,915 13,697 Restricted cash – noncurrent Other assets 41,608 80,072 Total cash, cash equivalents, and restricted cash $ 1,018,878 $ 1,446,510 During the three months ended March 31, 2020, we sold marketable securities for proceeds of $130.8 million and realized losses of less than $0.1 million on such sales. See Note 8. “Fair Value Measurements” to our condensed consolidated financial statements for information about the fair value of our marketable securities. The following tables summarize the unrealized gains and losses related to our available-for-sale marketable securities, by major security type, as of March 31, 2020 and December 31, 2019 (in thousands): As of March 31, 2020 Amortized Unrealized Unrealized Allowance for Credit Losses Fair Foreign debt $ 298,861 $ 55 $ 6,250 $ 97 $ 292,569 U.S. debt 55,462 58 936 17 54,567 Time deposits 232,305 — — 101 232,204 Total $ 586,628 $ 113 $ 7,186 $ 215 $ 579,340 As of December 31, 2019 Amortized Unrealized Unrealized Fair Foreign debt $ 387,775 $ 551 $ 506 $ 387,820 Foreign government obligations 21,991 20 — 22,011 U.S. debt 65,970 176 12 66,134 Time deposits 335,541 — — 335,541 Total $ 811,277 $ 747 $ 518 $ 811,506 The following table presents the change in the allowance for credit losses related to our available-for-sale marketable securities for the three months ended March 31, 2020 (in thousands): Marketable Securities Balance as of December 31, 2019 $ — Cumulative-effect adjustment for the adoption of ASU 2016-13 207 Provision for credit losses 180 Sales and maturities of marketable securities (172) Balance as of March 31, 2020 $ 215 The contractual maturities of our marketable securities as of March 31, 2020 were as follows (in thousands): Fair One year or less $ 320,765 One year to two years 157,337 Two years to three years 101,238 Total $ 579,340

4. Restricted Marketable Securi

4. Restricted Marketable Securities	3 Months Ended
4. Restricted Marketable Securities	Mar. 31, 2020
Debt Securities, Available-for-sale, Restricted [Abstract]
Restricted marketable securities	4. Restricted Marketable Securities Restricted marketable securities consisted of the following as of March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Foreign government obligations $ 126,491 $ 126,066 U.S. government obligations 119,919 97,719 Total restricted marketable securities $ 246,410 $ 223,785 Our restricted marketable securities represent long-term marketable securities held in custodial accounts to fund the estimated future costs of collecting and recycling modules covered under our solar module collection and recycling program. As of March 31, 2020 and December 31, 2019, such custodial accounts also included noncurrent restricted cash balances of $0.7 million and less than $0.1 million, respectively, which were reported within “Other assets.” As necessary, we fund any incremental amounts for our estimated collection and recycling obligations on an annual basis based on the estimated costs of collecting and recycling covered modules, estimated rates of return on our restricted marketable securities, and an estimated solar module life of 25 years, less amounts already funded in prior years. To ensure that amounts previously funded will be available in the future regardless of potential adverse changes in our financial condition (even in the case of our own insolvency), we have established a trust under which estimated funds are put into custodial accounts with an established and reputable bank, for which First Solar, Inc.; First Solar Malaysia Sdn. Bhd.; and First Solar Manufacturing GmbH are grantors. Trust funds may be disbursed for qualified module collection and recycling costs (including capital and facility related recycling costs), payments to customers for assuming collection and recycling obligations, and reimbursements of any overfunded amounts. Investments in the trust must meet certain investment quality criteria comparable to highly rated government or agency bonds. During the three months ended March 31, 2020, we sold certain restricted marketable securities for proceeds of $115.2 million, realized gains of $15.1 million on such sales, and repurchased $114.5 million of restricted marketable securities as part of our ongoing management of the custodial accounts. During the three months ended March 31, 2019, we sold certain restricted marketable securities for proceeds of $47.9 million and realized gains of $15.0 million on such sales as part of efforts to align the currencies of the investments with those of the corresponding collection and recycling liabilities and disbursed $14.9 million of overfunded amounts. See Note 8. “Fair Value Measurements” to our condensed consolidated financial statements for information about the fair value of our restricted marketable securities. The following tables summarize the unrealized gains and losses related to our restricted marketable securities, by major security type, as of March 31, 2020 and December 31, 2019 (in thousands): As of March 31, 2020 Amortized Unrealized Unrealized Allowance for Credit Losses Fair Foreign government obligations $ 127,528 $ 133 $ 1,140 $ 30 $ 126,491 U.S. government obligations 114,628 5,291 — — 119,919 Total $ 242,156 $ 5,424 $ 1,140 $ 30 $ 246,410 As of December 31, 2019 Amortized Unrealized Unrealized Fair Foreign government obligations $ 129,499 $ — $ 3,433 $ 126,066 U.S. government obligations 99,700 — 1,981 97,719 Total $ 229,199 $ — $ 5,414 $ 223,785 The following table presents the change in the allowance for credit losses related to our restricted marketable securities for the three months ended March 31, 2020 (in thousands): Restricted Marketable Securities Balance as of December 31, 2019 $ — Cumulative-effect adjustment for the adoption of ASU 2016-13 54 Provision for credit losses 1 Sales of restricted marketable securities (25) Balance as of March 31, 2020 $ 30 As of March 31, 2020, the contractual maturities of our restricted marketable securities were between 10 years and 22 years.

5. Consolidated Balance Sheet D

5. Consolidated Balance Sheet Details	3 Months Ended
5. Consolidated Balance Sheet Details	Mar. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Consolidated Balance Sheet Details	5. Consolidated Balance Sheet Details Accounts receivable trade, net Accounts receivable trade, net consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Accounts receivable trade, gross $ 293,612 $ 476,425 Allowance for credit losses (3,331) (1,386) Accounts receivable trade, net $ 290,281 $ 475,039 At March 31, 2020 and December 31, 2019, $48.1 million and $44.9 million, respectively, of our trade accounts receivable were secured by letters of credit, bank guarantees, surety bonds, or other forms of financial security issued by creditworthy financial institutions. Accounts receivable, unbilled and retainage, net Accounts receivable, unbilled and retainage, net consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Accounts receivable, unbilled $ 96,755 $ 162,057 Retainage 25,577 21,416 Allowance for credit losses (1,223) — Accounts receivable, unbilled and retainage, net $ 121,109 $ 183,473 Allowance for credit losses The following table presents the change in the allowances for credit losses related to our accounts receivable for the three months ended March 31, 2020 (in thousands): Accounts Receivable Trade Accounts Receivable, Unbilled and Retainage Balance as of December 31, 2019 $ (1,386) $ — Cumulative-effect adjustment for the adoption of ASU 2016-13 (171) (459) Provision for credit losses, net (1) (2,026) (764) Writeoffs 252 — Balance as of March 31, 2020 $ (3,331) $ (1,223) —————————— (1) Includes credit losses for accounts receivable trade, net and accounts receivables, unbilled and retainage, net of $2.2 million and $0.9 million, respectively, to reflect our estimate of expected credit losses attributable to the current economic conditions resulting from the ongoing COVID-19 pandemic. Inventories Inventories consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Raw materials $ 255,849 $ 248,756 Work in process 63,938 59,924 Finished goods 342,264 295,479 Inventories $ 662,051 $ 604,159 Inventories – current $ 479,792 $ 443,513 Inventories – noncurrent $ 182,259 $ 160,646 Prepaid expenses and other current assets Prepaid expenses and other current assets consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Prepaid expenses $ 145,985 $ 137,927 Prepaid income taxes 51,416 47,811 Restricted cash 47,915 13,697 Indirect tax receivables 29,300 29,908 Derivative instruments (1) 2,846 1,199 Notes receivable, net (2) — 23,873 Other current assets 25,383 22,040 Prepaid expenses and other current assets $ 302,845 $ 276,455 —————————— (1) See Note 6. “Derivative Financial Instruments” to our condensed consolidated financial statements for discussion of our derivative instruments. (2) In November 2014 and February 2016, we entered into a term loan agreement and a convertible loan agreement, respectively, with Clean Energy Collective, LLC (“CEC”). Our term loan bears interest at 16% per annum, and our convertible loan bears interest at 10% per annum. In November 2018, we amended the terms of the loan agreements to (i) extend their maturity to June 2020, (ii) waive the conversion features on our convertible loan, and (iii) increase the frequency of interest payments, subject to certain conditions. We assess CEC’s credit quality based primarily on certain quarterly financial information, which was last provided during the three months ended March 31, 2020. As of December 31, 2019, the aggregate balance outstanding on the loans was $23.9 million. Upon the adoption of ASU 2016-13, we evaluated the estimated credit losses over the remaining contractual term of the loan agreements based on a discounted cash flow model. As a result of this evaluation, we recorded an allowance for credit losses of $10.8 million as of January 1, 2020. During the three months ended March 31, 2020, we recorded incremental credit losses of $13.1 million based on our expectation that CEC will be unable to repay the notes by their contractual maturity date due to continued liquidity issues, which have adversely affected CEC’s financial condition and results of operations. Property, plant and equipment, net Property, plant and equipment, net consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Land $ 14,199 $ 14,241 Buildings and improvements 666,728 664,266 Machinery and equipment 2,168,688 2,436,997 Office equipment and furniture 154,479 159,848 Leasehold improvements 48,744 48,772 Construction in progress 319,787 243,107 Property, plant and equipment, gross 3,372,625 3,567,231 Accumulated depreciation (1,128,450) (1,386,082) Property, plant and equipment, net $ 2,244,175 $ 2,181,149 Depreciation of property, plant and equipment was $47.4 million and $42.9 million for the three months ended March 31, 2020 and 2019, respectively. PV solar power systems, net Photovoltaic (“PV”) solar power systems, net consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, PV solar power systems, gross $ 529,396 $ 530,004 Accumulated depreciation (58,687) (53,027) PV solar power systems, net $ 470,709 $ 476,977 Depreciation of PV solar power systems was $5.8 million and $3.5 million for the three months ended March 31, 2020 and 2019, respectively. Project assets Project assets consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Project assets – development costs, including project acquisition and land costs $ 234,404 $ 254,466 Project assets – construction costs 154,510 82,654 Project assets $ 388,914 $ 337,120 Project assets – current $ 403 $ 3,524 Project assets – noncurrent $ 388,511 $ 333,596 Capitalized interest The components of interest expense and capitalized interest were as follows during three months ended March 31, 2020 and 2019 (in thousands): Three Months Ended 2020 2019 Interest cost incurred $ (7,104) $ (10,948) Interest cost capitalized – project assets 315 827 Interest expense, net $ (6,789) $ (10,121) Other assets Other assets consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Operating lease assets (1) $ 160,749 $ 145,711 Advanced payments for raw materials 105,571 59,806 Restricted cash 41,608 80,072 Indirect tax receivables 10,934 9,446 Notes receivable (2) 8,071 8,194 Income taxes receivable 4,110 4,106 Equity method investments 2,702 2,812 Derivative instruments (3) 746 139 Other 42,763 19,640 Other assets $ 377,254 $ 329,926 —————————— (1) See Note 7. “Leases” to our condensed consolidated financial statements for discussion of our lease arrangements. (2) In April 2009, we entered into a credit facility agreement with a solar power project entity of one of our customers for an available amount of €17.5 million to provide financing for a PV solar power system. The credit facility bears interest at 8.0% per annum, payable quarterly, with the full amount due in December 2026. As of March 31, 2020 and December 31, 2019, the balance outstanding on the credit facility was €7.0 million ($7.7 million and $7.8 million, respectively). We assess the credit quality of the aforementioned customer based primarily on certain quarterly financial information, which was last provided during the three months ended December 31, 2019. Upon adoption of ASU 2016-13, we evaluated the estimated credit losses over the remaining contractual term of the credit facility and determined no allowance for credit losses was necessary as of January 1, 2020. Additionally, based on the customer’s current financial condition and forecasts, we determined no allowance for credit losses was necessary as of March 31, 2020. (3) See Note 6. “Derivative Financial Instruments” to our condensed consolidated financial statements for discussion of our derivative instruments. Goodwill Goodwill for the relevant reporting unit consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): December 31, Acquisitions (Impairments) March 31, Modules $ 407,827 $ — $ 407,827 Accumulated impairment losses (393,365) — (393,365) Goodwill $ 14,462 $ — $ 14,462 Intangible assets, net The following tables summarize our intangible assets at March 31, 2020 and December 31, 2019 (in thousands): March 31, 2020 Gross Amount Accumulated Amortization Net Amount Developed technology $ 99,964 $ (44,712) $ 55,252 Power purchase agreements 6,486 (1,053) 5,433 Patents 7,780 (4,547) 3,233 Intangible assets, net $ 114,230 $ (50,312) $ 63,918 December 31, 2019 Gross Amount Accumulated Amortization Net Amount Developed technology $ 97,964 $ (42,344) $ 55,620 Power purchase agreements 6,486 (972) 5,514 Patents 7,780 (4,371) 3,409 Intangible assets, net $ 112,230 $ (47,687) $ 64,543 Amortization of intangible assets was $2.6 million and $2.5 million for the three months ended March 31, 2020 and 2019, respectively. Accrued expenses Accrued expenses consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Accrued project costs $ 81,461 $ 91,971 Accrued property, plant and equipment 48,233 42,834 Accrued compensation and benefits 39,625 65,170 Accrued inventory 37,198 39,366 Product warranty liability (1) 20,399 20,291 Other 69,880 91,628 Accrued expenses $ 296,796 $ 351,260 —————————— (1) See Note 10. “Commitments and Contingencies” to our condensed consolidated financial statements for discussion of our “Product Warranties.” Other current liabilities Other current liabilities consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Operating lease liabilities (1) $ 11,824 $ 11,102 Derivative instruments (2) 1,612 2,582 Contingent consideration (3) 200 2,395 Other 8,149 12,051 Other current liabilities $ 21,785 $ 28,130 —————————— (1) See Note 7. “Leases” to our condensed consolidated financial statements for discussion of our lease arrangements. (2) See Note 6. “Derivative Financial Instruments” to our condensed consolidated financial statements for discussion of our derivative instruments. (3) See Note 10. “Commitments and Contingencies” to our condensed consolidated financial statements for discussion of our “Contingent Consideration” arrangements. Other liabilities Other liabilities consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Operating lease liabilities (1) $ 125,253 $ 112,515 Product warranty liability (2) 104,102 109,506 Other taxes payable 92,519 90,201 Transition tax liability 70,047 70,047 Deferred revenue 69,505 71,438 Derivative instruments (3) 9,544 7,439 Contingent consideration (2) 4,500 4,500 Other 44,017 43,120 Other liabilities $ 519,487 $ 508,766 —————————— (1) See Note 7. “Leases” to our condensed consolidated financial statements for discussion of our lease arrangements. (2) See Note 10. “Commitments and Contingencies” to our condensed consolidated financial statements for discussion of our “Product Warranties” and “Contingent Consideration” arrangements. (3) See Note 6. “Derivative Financial Instruments” to our condensed consolidated financial statements for discussion of our derivative instruments.

6. Derivative Financial Instrum

6. Derivative Financial Instruments	3 Months Ended
6. Derivative Financial Instruments	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	6. Derivative Financial Instruments As a global company, we are exposed in the normal course of business to interest rate and foreign currency risks that could affect our financial position, results of operations, and cash flows. We use derivative instruments to hedge against these risks and only hold such instruments for hedging purposes, not for speculative or trading purposes. Depending on the terms of the specific derivative instruments and market conditions, some of our derivative instruments may be assets and others liabilities at any particular balance sheet date. We report all of our derivative instruments at fair value and account for changes in the fair value of derivative instruments within “Accumulated other comprehensive loss” if the derivative instruments qualify for hedge accounting. For those derivative instruments that do not qualify for hedge accounting (i.e., “economic hedges”), we record the changes in fair value directly to earnings. See Note 8. “Fair Value Measurements” to our condensed consolidated financial statements for information about the techniques we use to measure the fair value of our derivative instruments. The following tables present the fair values of derivative instruments included in our condensed consolidated balance sheets as of March 31, 2020 and December 31, 2019 (in thousands): March 31, 2020 Prepaid Expenses and Other Current Assets Other Assets Other Current Liabilities Other Liabilities Derivatives designated as hedging instruments: Foreign exchange forward contracts $ 528 $ 746 $ 29 $ — Total derivatives designated as hedging instruments $ 528 $ 746 $ 29 $ — Derivatives not designated as hedging instruments: Foreign exchange forward contracts $ 2,318 $ — $ 1,108 $ — Interest rate swap contracts — — 475 9,544 Total derivatives not designated as hedging instruments $ 2,318 $ — $ 1,583 $ 9,544 Total derivative instruments $ 2,846 $ 746 $ 1,612 $ 9,544 December 31, 2019 Prepaid Expenses and Other Current Assets Other Assets Other Current Liabilities Other Liabilities Derivatives designated as hedging instruments: Foreign exchange forward contracts $ 226 $ 139 $ 369 $ 230 Total derivatives designated as hedging instruments $ 226 $ 139 $ 369 $ 230 Derivatives not designated as hedging instruments: Foreign exchange forward contracts $ 973 $ — $ 1,807 $ — Interest rate swap contracts — — 406 7,209 Total derivatives not designated as hedging instruments $ 973 $ — $ 2,213 $ 7,209 Total derivative instruments $ 1,199 $ 139 $ 2,582 $ 7,439 The following table presents the pretax amounts related to derivative instruments designated as cash flow hedges affecting accumulated other comprehensive income (loss) and our condensed consolidated statements of operations for the three months ended March 31, 2020 and 2019 (in thousands): Foreign Exchange Forward Contracts Balance as of December 31, 2019 $ (962) Amounts recognized in other comprehensive income (loss) 768 Amounts reclassified to earnings impacting: Cost of sales 207 Balance as of March 31, 2020 $ 13 Balance as of December 31, 2018 $ 1,329 Amounts recognized in other comprehensive income (loss) (31) Balance as of March 31, 2019 $ 1,298 During the three months ended March 31, 2020, we recognized unrealized gains of $0.8 million within “Cost of sales” for amounts excluded from effectiveness testing for our foreign exchange forward contracts designated as cash flow hedges. The following table presents gains and losses related to derivative instruments not designated as hedges affecting our condensed consolidated statements of operations for the three months ended March 31, 2020 and 2019 (in thousands): Amount of Gain (Loss) Recognized in Income Three Months Ended Income Statement Line Item 2020 2019 Foreign exchange forward contracts Cost of sales $ 106 $ — Foreign exchange forward contracts Foreign currency (loss) income, net (275) 1,900 Interest rate swap contracts Interest expense, net (2,404) (5,364) Interest Rate Risk We use interest rate swap contracts to mitigate our exposure to interest rate fluctuations associated with certain of our debt instruments. We do not use such swap contracts for speculative or trading purposes. During the three months ended March 31, 2020 and 2019, all of our interest rate swap contracts related to project specific debt facilities. Such swap contracts did not qualify for accounting as cash flow hedges in accordance with Accounting Standards Codification (“ASC”) 815 due to our expectation to sell the associated projects before the maturity of their project specific debt financings and corresponding swap contracts. Accordingly, changes in the fair values of these swap contracts were recorded directly to “Interest expense, net.” In December 2019, FS Japan Project 31 GK, our indirectly wholly-owned subsidiary and project company, entered into an interest rate swap contract to hedge a portion of the floating rate term loan facility under the project’s Anamizu Credit Agreement (as defined in Note 9. “Debt” to our consolidated financial statements). Such swap had an initial notional value of ¥0.9 billion and entitled the project to receive a six-month floating Tokyo Interbank Offered Rate (“TIBOR”) plus 0.70% interest rate while requiring the project to pay a fixed rate of 1.1925%. The notional amount of the interest rate swap contract proportionately adjusts with scheduled draws and principal payments on the underlying hedged debt. As of March 31, 2020 and December 31, 2019, the notional value of the interest rate swap contract was ¥1.4 billion ($12.6 million) and ¥0.9 billion ($8.0 million), respectively. In January 2017, FS Japan Project 12 GK, our indirect wholly-owned subsidiary and project company, entered into an interest rate swap contract to hedge a portion of the floating rate senior loan facility under the project’s Ishikawa Credit Agreement (as defined in Note 9. “Debt” to our condensed consolidated financial statements). Such swap had an initial notional value of ¥5.7 billion and entitled the project to receive a six-month floating TIBOR plus 0.75% interest rate while requiring the project to pay a fixed rate of 1.482%. The notional amount of the interest rate swap contract proportionately adjusts with scheduled draws and principal payments on the underlying hedged debt. As of March 31, 2020 and December 31, 2019, the notional value of the interest rate swap contract was ¥18.7 billion ($173.2 million) and ¥18.7 billion ($171.7 million), respectively. Foreign Currency Risk Cash Flow Exposure We expect certain of our subsidiaries to have future cash flows that will be denominated in currencies other than the subsidiaries’ functional currencies. Changes in the exchange rates between the functional currencies of our subsidiaries and the other currencies in which they transact will cause fluctuations in the cash flows we expect to receive or pay when these cash flows are realized or settled. Accordingly, we enter into foreign exchange forward contracts to hedge a portion of these forecasted cash flows. As of March 31, 2020 and December 31, 2019, these foreign exchange forward contracts hedged our forecasted cash flows for periods up to 19 months and 22 months, respectively. These foreign exchange forward contracts qualify for accounting as cash flow hedges in accordance with ASC 815, and we designated them as such. We report unrealized gains or losses on such contracts in “Accumulated other comprehensive loss” and subsequently reclassify applicable amounts into earnings when the hedged transaction occurs and impacts earnings. We determined that these derivative financial instruments were highly effective as cash flow hedges as of March 31, 2020 and December 31, 2019. As of March 31, 2020 and December 31, 2019, the notional values associated with our foreign exchange forward contracts qualifying as cash flow hedges were as follows (notional amounts and U.S. dollar equivalents in millions): March 31, 2020 Currency Notional Amount USD Equivalent U.S. dollar (1) $66.2 $66.2 December 31, 2019 Currency Notional Amount USD Equivalent U.S. dollar (1) $69.9 $69.9 —————————— (1) These derivative instruments represent hedges of outstanding payables denominated in U.S. dollars at certain of our foreign subsidiaries whose functional currencies are other than the U.S. dollar. In the following 12 months, we expect to reclassify to earnings $0.1 million of net unrealized gains related to forward contracts that are included in “Accumulated other comprehensive loss” at March 31, 2020 as we realize the earnings effects of the related forecasted transactions. The amount we ultimately record to earnings will depend on the actual exchange rates when we realize the related forecasted transactions. Transaction Exposure and Economic Hedging Many of our subsidiaries have assets and liabilities (primarily cash, receivables, deferred taxes, payables, accrued expenses, and solar module collection and recycling liabilities) that are denominated in currencies other than the subsidiaries’ functional currencies. Changes in the exchange rates between the functional currencies of our subsidiaries and the other currencies in which these assets and liabilities are denominated will create fluctuations in our reported condensed consolidated statements of operations and cash flows. We may enter into foreign exchange forward contracts or other financial instruments to economically hedge assets and liabilities against the effects of currency exchange rate fluctuations. The gains and losses on such foreign exchange forward contracts will economically offset all or part of the transaction gains and losses that we recognize in earnings on the related foreign currency denominated assets and liabilities. We also enter into foreign exchange forward contracts to economically hedge balance sheet and other exposures related to transactions between certain of our subsidiaries and transactions with third parties. Such contracts are considered economic hedges and do not qualify for hedge accounting. Accordingly, we recognize gains or losses from the fluctuations in foreign exchange rates and the fair value of these derivative contracts in “Foreign currency (loss) income, net” on our condensed consolidated statements of operations. As of March 31, 2020 and December 31, 2019, the notional values of our foreign exchange forward contracts that do not qualify for hedge accounting were as follows (notional amounts and U.S. dollar equivalents in millions): March 31, 2020 Transaction Currency Notional Amount USD Equivalent Purchase Australian dollar AUD 14.6 $9.0 Sell Australian dollar AUD 12.1 $7.4 Purchase Brazilian real BRL 2.6 $0.5 Sell Brazilian real BRL 4.3 $0.8 Sell Canadian dollar CAD 4.3 $3.0 Sell Chilean peso CLP 3,679.1 $4.3 Purchase Euro €88.3 $97.4 Sell Euro €47.4 $52.3 Purchase Indian rupee INR 470.9 $6.2 Sell Indian rupee INR 1,349.2 $17.8 Purchase Japanese yen ¥2,496.3 $23.1 Sell Japanese yen ¥22,990.4 $213.1 Purchase Malaysian ringgit MYR 89.1 $20.5 Sell Malaysian ringgit MYR 36.3 $8.4 Sell Mexican peso MXN 34.6 $1.4 Purchase Singapore dollar SGD 2.9 $2.0 December 31, 2019 Transaction Currency Notional Amount USD Equivalent Purchase Australian dollar AUD 14.9 $10.4 Sell Australian dollar AUD 11.1 $7.8 Purchase Brazilian real BRL 13.2 $3.3 Sell Brazilian real BRL 4.3 $1.1 Purchase Canadian dollar CAD 4.5 $3.4 Sell Canadian dollar CAD 1.6 $1.2 Purchase Chilean peso CLP 1,493.1 $2.0 Sell Chilean peso CLP 3,866.1 $5.1 Purchase Euro €86.1 $96.5 Sell Euro €116.3 $130.3 Sell Indian rupee INR 1,283.8 $18.0 Purchase Japanese yen ¥3,625.5 $33.3 Sell Japanese yen ¥23,089.5 $212.2 Purchase Malaysian ringgit MYR 88.6 $21.6 Sell Malaysian ringgit MYR 41.3 $10.1 Sell Mexican peso MXN 34.6 $1.8 Purchase Singapore dollar SGD 2.9 $2.2

7. Leases (Notes)

7. Leases (Notes)	3 Months Ended
7. Leases (Notes)	Mar. 31, 2020
Leases [Abstract]
Leases	7. Leases Our lease arrangements include land associated with our systems projects, our corporate and administrative offices, land for our international manufacturing facilities, and certain of our manufacturing equipment. Such leases primarily relate to assets located in the United States, Japan, Malaysia, and Vietnam. The following table presents certain quantitative information related to our lease arrangements for the three months ended March 31, 2020 and 2019, and as of March 31, 2020 and December 31, 2019 (in thousands): Three Months Ended 2020 2019 Operating lease cost $ 4,178 $ 5,283 Variable lease cost 666 749 Short-term lease cost 961 2,842 Total lease cost $ 5,805 $ 8,874 Payments of amounts included in the measurement of operating lease liabilities $ 4,897 $ 4,947 Lease assets obtained in exchange for operating lease liabilities $ 17,576 $ 149,631 March 31, 2020 December 31, 2019 Operating lease assets $ 160,749 $ 145,711 Operating lease liabilities – current 11,824 11,102 Operating lease liabilities – noncurrent 125,253 112,515 Weighted-average remaining lease term 16 years 15 years Weighted-average discount rate 4.0 % 4.3 % As of March 31, 2020, the future payments associated with our lease liabilities were as follows (in thousands): Total Lease Liabilities Remainder of 2020 $ 11,534 2021 15,473 2022 14,507 2023 14,017 2024 13,731 Thereafter 108,763 Total future payments 178,025 Less: interest (40,948) Total lease liabilities $ 137,077

8. Fair Value Measurements

8. Fair Value Measurements	3 Months Ended
8. Fair Value Measurements	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	8. Fair Value Measurements The following is a description of the valuation techniques that we use to measure the fair value of assets and liabilities that we measure and report at fair value on a recurring basis: • Cash Equivalents. At March 31, 2020 and December 31, 2019, our cash equivalents consisted of money market funds. We value our cash equivalents using observable inputs that reflect quoted prices for securities with identical characteristics, and accordingly, we classify the valuation techniques that use these inputs as Level 1. • Marketable Securities and Restricted Marketable Securities. At March 31, 2020 and December 31, 2019, our marketable securities consisted of foreign debt, foreign government obligations, U.S. debt, and time deposits, and our restricted marketable securities consisted of foreign and U.S. government obligations. We value our marketable securities and restricted marketable securities using observable inputs that reflect quoted prices for securities with identical characteristics or quoted prices for securities with similar characteristics and other observable inputs (such as interest rates that are observable at commonly quoted intervals). Accordingly, we classify the valuation techniques that use these inputs as either Level 1 or Level 2 depending on the inputs used. We also consider the effect of our counterparties’ credit standing in these fair value measurements. • Derivative Assets and Liabilities . At March 31, 2020 and December 31, 2019, our derivative assets and liabilities consisted of foreign exchange forward contracts involving major currencies and interest rate swap contracts involving major interest rates. Since our derivative assets and liabilities are not traded on an exchange, we value them using standard industry valuation models. As applicable, these models project future cash flows and discount the amounts to a present value using market-based observable inputs, including interest rate curves, credit risk, foreign exchange rates, and forward and spot prices for currencies. These inputs are observable in active markets over the contract term of the derivative instruments we hold, and accordingly, we classify the valuation techniques as Level 2. In evaluating credit risk, we consider the effect of our counterparties’ and our own credit standing in the fair value measurements of our derivative assets and liabilities, respectively. At March 31, 2020 and December 31, 2019, the fair value measurements of our assets and liabilities measured on a recurring basis were as follows (in thousands): Fair Value Measurements at Reporting March 31, Quoted Prices Significant Significant Unobservable Inputs (Level 3) Assets: Cash equivalents: Money market funds $ 341 $ 341 $ — $ — Marketable securities: Foreign debt 292,569 — 292,569 — U.S. debt 54,567 — 54,567 — Time deposits 232,204 232,204 — — Restricted marketable securities 246,410 — 246,410 — Derivative assets 3,592 — 3,592 — Total assets $ 829,683 $ 232,545 $ 597,138 $ — Liabilities: Derivative liabilities $ 11,156 $ — $ 11,156 $ — Fair Value Measurements at Reporting December 31, Quoted Prices Significant Significant Unobservable Inputs (Level 3) Assets: Cash equivalents: Money market funds $ 7,322 $ 7,322 $ — $ — Marketable securities: Foreign debt 387,820 — 387,820 — Foreign government obligations 22,011 — 22,011 — U.S. debt 66,134 — 66,134 — Time deposits 335,541 335,541 — — Restricted marketable securities 223,785 — 223,785 — Derivative assets 1,338 — 1,338 — Total assets $ 1,043,951 $ 342,863 $ 701,088 $ — Liabilities: Derivative liabilities $ 10,021 $ — $ 10,021 $ — Fair Value of Financial Instruments At March 31, 2020 and December 31, 2019, the carrying values and fair values of our financial instruments not measured at fair value were as follows (in thousands): March 31, 2020 December 31, 2019 Carrying Fair Carrying Fair Assets: Notes receivable – current (1) $ — $ — $ 23,873 $ 24,929 Notes receivable – noncurrent (1) 8,071 8,699 8,194 10,276 Liabilities: Long-term debt, including current maturities (2) $ 483,395 $ 458,336 $ 482,892 $ 504,213 —————————— (1) See Note 5. “Consolidated Balance Sheet Details” for further information about the allowance for credit losses for our notes receivable. (2) Excludes unamortized discounts and issuance costs. The carrying values in our condensed consolidated balance sheets of our trade accounts receivable, unbilled accounts receivable and retainage, restricted cash, accounts payable, and accrued expenses approximated their fair values due to their nature and relatively short maturities; therefore, we excluded them from the foregoing table. The fair value measurements for our notes receivable and long-term debt are considered Level 2 measurements under the fair value hierarchy. Credit Risk We have certain financial and derivative instruments that subject us to credit risk. These consist primarily of cash, cash equivalents, marketable securities, accounts receivable, restricted cash, restricted marketable securities, notes receivable, and foreign exchange forward contracts. We are exposed to credit losses in the event of nonperformance by the counterparties to our financial and derivative instruments. We place cash, cash equivalents, marketable

9. Debt

9. Debt	3 Months Ended
9. Debt	Mar. 31, 2020
Debt Instruments [Abstract]
Debt	9. Debt Our long-term debt consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): Balance (USD) Loan Agreement Currency March 31, December 31, Revolving Credit Facility USD $ — $ — Luz del Norte Credit Facilities USD 187,958 188,017 Ishikawa Credit Agreement JPY 217,811 215,879 Japan Credit Facility JPY 1,693 1,678 Tochigi Credit Facility JPY 37,638 37,304 Anamizu Credit Agreement JPY 12,246 12,138 Anantapur Credit Facility INR 14,010 15,123 Tungabhadra Credit Facility INR 12,039 12,753 Long-term debt principal 483,395 482,892 Less: unamortized discounts and issuance costs (11,000) (11,195) Total long-term debt 472,395 471,697 Less: current portion (81,807) (17,510) Noncurrent portion $ 390,588 $ 454,187 Revolving Credit Facility Our amended and restated credit agreement with several financial institutions as lenders and JPMorgan Chase Bank, N.A. as administrative agent provides us with a senior secured credit facility (the “Revolving Credit Facility”) with an aggregate borrowing capacity of $500.0 million, which we may increase to $750.0 million, subject to certain conditions. Borrowings under the credit facility bear interest at (i) London Interbank Offered Rate (“LIBOR”), adjusted for Eurocurrency reserve requirements, plus a margin of 2.00% or (ii) a base rate as defined in the credit agreement plus a margin of 1.00% depending on the type of borrowing requested. These margins are also subject to adjustment depending on our consolidated leverage ratio. We had no borrowings under our Revolving Credit Facility as of March 31, 2020 and December 31, 2019 and had issued $14.2 million and $39.3 million, respectively, of letters of credit using availability under the facility. Loans and letters of credit issued under the Revolving Credit Facility are jointly and severally guaranteed by First Solar, Inc.; First Solar Electric, LLC; First Solar Electric (California), Inc.; and First Solar Development, LLC and are secured by interests in substantially all of the guarantors’ tangible and intangible assets other than certain excluded assets. In addition to paying interest on outstanding principal under the Revolving Credit Facility, we are required to pay a commitment fee at a rate of 0.30% per annum, based on the average daily unused commitments under the facility, which may also be adjusted due to changes in our consolidated leverage ratio. We also pay a letter of credit fee based on the applicable margin for Eurocurrency revolving loans on the face amount of each letter of credit and a fronting fee of 0.125%. Our Revolving Credit Facility matures in July 2022. Luz del Norte Credit Facilities In August 2014, Parque Solar Fotovoltaico Luz del Norte SpA (“Luz del Norte”), our indirect wholly-owned subsidiary and project company, entered into credit facilities (the “Luz del Norte Credit Facilities”) with the U.S. International Development Finance Corporation (“DFC”) and the International Finance Corporation (“IFC”) to provide limited-recourse senior secured debt financing for the design, development, financing, construction, testing, commissioning, operation, and maintenance of a 141 MW AC PV solar power plant located near Copiapó, Chile. In March 2017, we amended the terms of the DFC and IFC credit facilities. Such amendments (i) allowed for the capitalization of accrued and unpaid interest through March 15, 2017, along with the capitalization of certain future interest payments as variable rate loans under the credit facilities, (ii) allowed for the conversion of certain fixed rate loans to variable rate loans upon scheduled repayment, (iii) extended the maturity of the DFC and IFC loans until June 2037, and (iv) canceled the remaining borrowing capacity under the DFC and IFC credit facilities with the exception of the capitalization of certain future interest payments. As of March 31, 2020 and December 31, 2019, the balance outstanding on the DFC loans was $140.8 million. As of March 31, 2020 and December 31, 2019, the balance outstanding on the IFC loans was $47.2 million. The DFC and IFC loans are secured by liens over all of Luz del Norte’s assets and by a pledge of all of the equity interests in the entity. Ishikawa Credit Agreement In December 2016, FS Japan Project 12 GK (“Ishikawa”), our indirect wholly-owned subsidiary and project company, entered into a credit agreement (the “Ishikawa Credit Agreement”) with Mizuho Bank, Ltd. for aggregate borrowings up to ¥27.3 billion ($233.9 million) for the development and construction of a 59 MW AC PV solar power plant located in Ishikawa, Japan. The credit agreement consists of a ¥24.0 billion ($205.6 million) senior loan facility, a ¥2.1 billion ($18.0 million) consumption tax facility, and a ¥1.2 billion ($10.3 million) letter of credit facility. The senior loan facility matures in October 2036, and the consumption tax facility matures in April 2020. The credit agreement is secured by pledges of Ishikawa’s assets, accounts, material project documents, and by the equity interests in the entity. As of March 31, 2020 and December 31, 2019, the balance outstanding on the credit agreement was $217.8 million and $215.9 million, respectively. Japan Credit Facility In September 2015, First Solar Japan GK, our wholly-owned subsidiary, entered into a construction loan facility with Mizuho Bank, Ltd. for borrowings up to ¥4.0 billion ($33.4 million) for the development and construction of utility-scale PV solar power plants in Japan (the “Japan Credit Facility”). Borrowings under the facility generally mature within 12 months following the completion of construction activities for each financed project. The facility is guaranteed by First Solar, Inc. and secured by pledges of certain projects’ cash accounts and other rights in the projects. As of March 31, 2020 and December 31, 2019, the balance outstanding on the facility was $1.7 million. Tochigi Credit Facility In June 2017, First Solar Japan GK, our wholly-owned subsidiary, entered into a term loan facility with Mizuho Bank, Ltd. for borrowings up to ¥7.0 billion ($62.2 million) for the development of utility-scale PV solar power plants in Japan (the “Tochigi Credit Facility”). The term loan facility matures in March 2021. The facility is guaranteed by First Solar, Inc. and secured by pledges of certain of First Solar Japan GK’s accounts. As of March 31, 2020 and December 31, 2019, the balance outstanding on the term loan facility was $37.6 million and $37.3 million, respectively. Anamizu Credit Agreement In December 2019, FS Japan Project 31 GK (“Anamizu”), our indirect wholly-owned subsidiary and project company, entered into a credit agreement (the “Anamizu Credit Agreement”) with MUFG Bank, Ltd.; The Iyo Bank, Ltd.; The Hachijuni Bank, Ltd.; The Hyakugo Bank, Ltd.; and The Yamagata Bank, Ltd. for aggregate borrowings up to ¥7.7 billion ($70.8 million) for the development and construction of a 17 MW AC PV solar power plant located in Ishikawa, Japan. The credit agreement consists of a ¥6.6 billion ($61.0 million) term loan facility, a ¥0.7 billion ($6.5 million) consumption tax facility, and a ¥0.4 billion ($3.3 million) debt service reserve facility. The term loan facility matures in September 2038, the consumption tax facility matures in November 2022, and the debt service reserve facility matures in March 2038. The credit agreement is secured by pledges of Anamizu’s assets, accounts, material project documents, and by the equity interests in the entity. As of March 31, 2020 and December 31, 2019, the balance outstanding on the credit agreement was $12.2 million and $12.1 million, respectively. Anantapur Credit Facility In March 2018, Anantapur Solar Parks Private Limited, our indirect wholly-owned subsidiary and project company, entered into a term loan facility (the “Anantapur Credit Facility”) with J.P. Morgan Securities India Private Limited for borrowings up to INR 1.2 billion ($18.4 million) for costs related to a 20 MW AC PV solar power plant located in Karnataka, India. The term loan facility matures in February 2021 and is secured by a letter of credit issued by JPMorgan Chase Bank, N.A., Singapore, in favor of the lender. Such letter of credit is secured by a cash deposit placed by First Solar FE Holdings Pte. Ltd. As of March 31, 2020 and December 31, 2019, the balance outstanding on the term loan facility was $14.0 million and $15.1 million, respectively. Tungabhadra Credit Facility In March 2018, Tungabhadra Solar Parks Private Limited, our indirect wholly-owned subsidiary and project company, entered into a term loan facility (the “Tungabhadra Credit Facility”) with J.P. Morgan Securities India Private Limited for borrowings up to INR 1.0 billion ($15.3 million) for costs related to a 20 MW AC PV solar power plant located in Karnataka, India. The term loan facility matures in February 2021 and is secured by a letter of credit issued by JPMorgan Chase Bank, N.A., Singapore, in favor of the lender. Such letter of credit is secured by a cash deposit placed by First Solar FE Holdings Pte. Ltd. As of March 31, 2020 and December 31, 2019, the balance outstanding on the term loan facility was $12.0 million and $12.8 million, respectively. Variable Interest Rate Risk Certain of our long-term debt agreements bear interest at prime, LIBOR, TIBOR, BBSY, or equivalent variable rates. An increase in these variable rates would increase the cost of borrowing under our Revolving Credit Facility and certain project specific debt financings. Our long-term debt borrowing rates as of March 31, 2020 were as follows: Loan Agreement March 31, 2020 Revolving Credit Facility 2.99% Luz del Norte Credit Facilities (1) Fixed rate loans at bank rate plus 3.50% Variable rate loans at 91-Day U.S. Treasury Bill Yield or LIBOR plus 3.50% Ishikawa Credit Agreement Senior loan facility at 6-month TIBOR plus 0.75% (2) Consumption tax facility at 3-month TIBOR plus 0.5% Japan Credit Facility 1-month TIBOR plus 0.55% Tochigi Credit Facility 3-month TIBOR plus 1.0% Anamizu Credit Agreement Term loan facility at 6-month TIBOR plus 0.70% (2) Consumption tax facility at 3-month TIBOR plus 0.5% Debt service reserve facility at 6-month TIBOR plus 1.20% Anantapur Credit Facility INR overnight indexed swap rate plus 1.5% Tungabhadra Credit Facility INR overnight indexed swap rate plus 1.5% —————————— (1) Outstanding balance comprised of $152.2 million of fixed rate loans and $35.8 million of variable rate loans as of March 31, 2020. (2) We have entered into interest rate swap contracts to hedge portions of these variable rates. See Note 6. “Derivative Financial Instruments” to our condensed consolidated financial statements for additional information. Future Principal Payments At March 31, 2020, the future principal payments on our long-term debt were due as follows (in thousands): Total Debt Remainder of 2020 $ 17,767 2021 77,917 2022 19,401 2023 18,393 2024 19,321 Thereafter 330,596 Total long-term debt future principal payments $ 483,395

10. Commitments and Contingenci

10. Commitments and Contingencies	3 Months Ended
10. Commitments and Contingencies	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	10. Commitments and Contingencies Commercial Commitments During the normal course of business, we enter into commercial commitments in the form of letters of credit, bank guarantees, and surety bonds to provide financial and performance assurance to third parties. Our amended and restated Revolving Credit Facility provides us with a sub-limit of $400.0 million to issue letters of credit, subject to certain additional limits depending on the currencies of the letters of credit, at a fee based on the applicable margin for Eurocurrency revolving loans and a fronting fee. As of March 31, 2020, we had $14.2 million in letters of credit issued under our Revolving Credit Facility, leaving $385.8 million of availability for the issuance of additional letters of credit. As of March 31, 2020, we also had $9.9 million of letters of credit under separate agreements that were posted by certain of our foreign subsidiaries and $148.8 million of letters of credit issued under three bilateral facilities, of which $30.0 million was secured with cash, leaving $614.9 million of aggregate available capacity under such agreements and facilities. We also had $89.0 million of surety bonds outstanding, leaving $626.4 million of available bonding capacity under our surety lines as of March 31, 2020. The majority of these letters of credit and surety bonds supported our systems projects. Product Warranties When we recognize revenue for module or system sales, we accrue liabilities for the estimated future costs of meeting our limited warranty obligations for both modules and the balance of the systems. We make and revise these estimates based primarily on the number of solar modules under warranty installed at customer locations, our historical experience with and projections of warranty claims, and our estimated per-module replacement costs. We also monitor our expected future module performance through certain quality and reliability testing and actual performance in certain field installation sites. From time to time, we have taken remediation actions with respect to affected modules beyond our limited warranties and may elect to do so in the future, in which case we would incur additional expenses. Such potential voluntary future remediation actions beyond our limited warranty obligations may be material to our condensed consolidated statements of operations if we commit to any such remediation actions. Product warranty activities during the three months ended March 31, 2020 and 2019 were as follows (in thousands): Three Months Ended 2020 2019 Product warranty liability, beginning of period $ 129,797 $ 220,692 Accruals for new warranties issued 2,285 5,116 Settlements (6,562) (3,078) Changes in estimate of product warranty liability (1,019) (5,489) Product warranty liability, end of period $ 124,501 $ 217,241 Current portion of warranty liability $ 20,399 $ 31,013 Noncurrent portion of warranty liability $ 104,102 $ 186,228 We estimate our limited product warranty liability for power output and defects in materials and workmanship under normal use and service conditions based on return rates for each series of module technology. In general, we expect the return rates for our newer series of module technology to be lower than our older series. We estimate that the return rate for such newer series of module technology will be less than 1%. As of March 31, 2020, a 1% increase in the return rate across all series of module technology would increase our product warranty liability by $94.5 million, and a 1% increase in the return rate for balance of systems (“BoS”) parts would not have a material impact on the associated warranty liability. Performance Guarantees As part of our systems business, we conduct performance testing of a system prior to substantial completion to confirm the system meets its operational and capacity expectations noted in the engineering, procurement, and construction (“EPC”) agreement. In addition, we may provide an energy performance test during the first or second year of a system’s operation to demonstrate that the actual energy generation for the applicable period meets or exceeds the modeled energy expectation, after certain adjustments. If there is an underperformance event with regards to these tests, we may incur liquidated damages as specified in the EPC agreement. In certain instances, a bonus payment may be received at the end of the applicable test period if the system performs above a specified level. As of March 31, 2020 and December 31, 2019, we accrued $5.1 million and $4.6 million, respectively, for our estimated obligations under such arrangements, which were classified as “Other current liabilities” in our condensed consolidated balance sheets. As part of our operations and maintenance (“O&M”) service offerings, we typically offer an effective availability guarantee, which stipulates that a system will be available to generate a certain percentage of total possible energy during a specific period after adjusting for factors outside our control as the service provider, such as weather, curtailment, outages, force majeure, and other conditions that may affect system availability. Effective availability guarantees are only offered as part of our O&M services and terminate at the end of an O&M arrangement. If we fail to meet the contractual threshold for these guarantees, we may incur liquidated damages for certain lost energy. Our O&M agreements typically contain provisions limiting our total potential losses under an agreement, including amounts paid for liquidated damages, to a percentage of O&M fees. Many of our O&M agreements also contain provisions whereby we may receive a bonus payment if system availability exceeds a separate threshold. As of March 31, 2020 and December 31, 2019, we accrued $0.5 million and $0.6 million, respectively, of liquidated damages under our effective availability guarantees, which were classified as “Other current liabilities” in our condensed consolidated balance sheets. Indemnifications In certain limited circumstances, we have provided indemnifications to customers, including project tax equity investors, under which we are contractually obligated to compensate such parties for losses they suffer resulting from a breach of a representation, warranty, or covenant or a reduction in tax benefits received, including investment tax credits. Project related tax benefits are, in part, based on guidance provided by the Internal Revenue Service and U.S. Treasury Department, which includes assumptions regarding the fair value of qualifying PV solar power systems. For any sales contracts that have such indemnification provisions, we initially recognize a liability under ASC 460 for the estimated premium that would be required by a guarantor to issue the same indemnity in a standalone arm’s-length transaction with an unrelated party. We typically base these estimates on the cost of insurance policies that cover the underlying risks being indemnified and may purchase such policies to mitigate our exposure to potential indemnification payments. We subsequently measure such liabilities at the greater of the initially estimated premium or the contingent liability required to be recognized under ASC 450. We recognize any indemnification liabilities as a reduction of revenue in the related transaction. After an indemnification liability is recorded, we derecognize such amount pursuant to ASC 460-10-35-2 depending on the nature of the indemnity, which derecognition typically occurs upon expiration or settlement of the arrangement, and any contingent aspects of the indemnity are accounted for in accordance with ASC 450. We accrued $0.8 million of current indemnification liabilities as of December 31, 2019 and $4.2 million of noncurrent indemnification liabilities as of March 31, 2020 and December 31, 2019. As of March 31, 2020, the maximum potential amount of future payments under our tax related and other indemnifications was $152.8 million, and we held insurance policies allowing us to recover up to $84.9 million of potential amounts paid under the indemnifications covered by the policies. Contingent Consideration We may seek to make additions to our advanced-stage project pipeline by actively developing our early-to-mid-stage project pipeline and by pursuing opportunities to acquire projects at various stages of development. In connection with such project acquisitions, we may agree to pay additional amounts to project sellers upon the achievement of certain milestones, such as obtaining a PPA, obtaining financing, or selling the project to a new owner. We recognize a project acquisition contingent liability when we determine that such a liability is both probable and reasonably estimable, and the carrying amount of the related project asset is correspondingly increased. As of March 31, 2020 and December 31, 2019, we accrued $0.2 million and $2.4 million of current liabilities, respectively, and $4.5 million of long-term liabilities for project related contingent obligations. Any future differences between the acquisition-date contingent obligation estimate and the ultimate settlement of the obligation are recognized as an adjustment to the project asset, as contingent payments are considered direct and incremental to the underlying value of the related project. Solar Module Collection and Recycling Liability We previously established a module collection and recycling program, which has since been discontinued, to collect and recycle modules sold and covered under such program once the modules reach the end of their service lives. For legacy customer sales contracts that were covered under this program, we agreed to pay the costs for the collection and recycling of qualifying solar modules, and the end-users agreed to notify us, disassemble their solar power systems, package the solar modules for shipment, and revert ownership rights over the modules back to us at the end of the modules’ service lives. Accordingly, we recorded any collection and recycling obligations within “Cost of sales” at the time of sale based on the estimated cost to collect and recycle the covered solar modules. We estimate the cost of our collection and recycling obligations based on the present value of the expected probability-weighted future cost of collecting and recycling the solar modules, which includes estimates for the cost of packaging materials; the cost of freight from the solar module installation sites to a recycling center; material, labor, and capital costs; by-product credits for certain materials recovered during the recycling process; and an estimated third-party profit margin and return on risk for collection and recycling services. We base these estimates on our experience collecting and recycling solar modules and certain assumptions regarding costs at the time the solar modules will be collected and recycled. In the periods between the time of sale and the related settlement of the collection and recycling obligation, we accrete the carrying amount of the associated liability by applying the discount rate used for its initial measurement. We classify accretion as an operating expense within “Selling, general and administrative” expense on our condensed consolidated statements of operations. Our module collection and recycling liability was $138.0 million and $137.8 million as of March 31, 2020 and December 31, 2019, respectively. As of March 31, 2020, a 1% increase in the annualized inflation rate used in our estimated future collection and recycling cost per module would increase the liability by $25.4 million, and a 1% decrease in that rate would decrease the liability by $22.3 million. See Note 4. “Restricted Marketable Securities” to our condensed consolidated financial statements for more information about our arrangements for funding this liability. Legal Proceedings Class Action On March 15, 2012, a purported class action lawsuit titled Smilovits v. First Solar, Inc., et al., Case No. 2:12-cv-00555-DGC, was filed in the United States District Court for the District of Arizona (hereafter “Arizona District Court”) against the Company and certain of our current and former directors and officers. The complaint was filed on behalf of persons who purchased or otherwise acquired the Company’s publicly traded securities between April 30, 2008 and February 28, 2012 (the “Class Action”). The complaint generally alleged that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by making false and misleading statements regarding the Company’s financial performance and prospects. The action included claims for damages, including interest, and an award of reasonable costs and attorneys’ fees to the putative class. On July 23, 2012, the Arizona District Court issued an order appointing as lead plaintiffs in the Class Action the Mineworkers’ Pension Scheme and British Coal Staff Superannuation Scheme (collectively, the “Pension Schemes”). The Pension Schemes filed an amended complaint on August 17, 2012, which contains similar allegations and seeks similar relief as the original complaint. Defendants filed a motion to dismiss on September 14, 2012. On December 17, 2012, the court denied defendants’ motion to dismiss. On October 8, 2013, the Arizona District Court granted the Pension Schemes’ motion for class certification and certified a class comprised of all persons who purchased or otherwise acquired publicly traded securities of the Company between April 30, 2008 and February 28, 2012 and were damaged thereby, excluding defendants and certain related parties. Merits discovery closed on February 27, 2015. Defendants filed a motion for summary judgment on March 27, 2015. On August 11, 2015, the Arizona District Court granted defendants’ motion in part and denied it in part, and certified an issue for immediate appeal to the Ninth Circuit Court of Appeals (the “Ninth Circuit”). First Solar filed a petition for interlocutory appeal with the Ninth Circuit, and that petition was granted on November 18, 2015. On May 20, 2016, the Pension Schemes moved to vacate the order granting the petition, dismiss the appeal, and stay the merits briefing schedule. On December 13, 2016, the Ninth Circuit denied the Pension Schemes’ motion. On January 31, 2018, the Ninth Circuit issued an opinion affirming the Arizona District Court’s order denying in part defendants’ motion for summary judgment. On March 16, 2018, First Solar filed a petition for panel rehearing or rehearing en banc with the Ninth Circuit. On May 7, 2018, the Ninth Circuit denied defendants’ petition. On August 6, 2018, defendants filed a petition for writ of certiorari to the U.S. Supreme Court. Meanwhile, in the Arizona District Court, expert discovery was completed on February 5, 2019. On June 24, 2019, the U.S. Supreme Court denied the petition. Following the denial of the petition, the Arizona District Court ordered that the trial begin on January 7, 2020. On January 5, 2020, First Solar entered into a Memorandum of Understanding (“MOU”) to settle the Class Action. First Solar agreed to pay a total of $350 million to settle the claims in the Class Action brought on behalf of all persons who purchased or otherwise acquired the Company’s shares between April 30, 2008 and February 28, 2012, in exchange for mutual releases and a dismissal with prejudice of the complaint upon court approval of the settlement. The proposed settlement contains no admission of liability, wrongdoing, or responsibility by any of the parties. As a result of the entry into the MOU, we accrued a loss for the above-referenced settlement in our results of operations for the year ended December 31, 2019. On January 24, 2020, First Solar paid $350 million to the settlement escrow agent. On February 13, 2020, First Solar entered into a stipulation of settlement with certain named plaintiffs on terms and conditions that are consistent with the MOU. On February 14, 2020, the lead plaintiffs filed a motion for preliminary approval of the settlement. Following a February 27, 2020 hearing, the Arizona District Court entered an order on March 2, 2020 that granted preliminary approval of the settlement and permitted notice to the class. Under that order, among other matters, written objections from any objectors are due by June 9, 2020 and a final approval hearing is scheduled for June 30, 2020. Opt-Out Action On June 23, 2015, a suit titled Maverick Fund, L.D.C. v. First Solar, Inc., et al., Case No. 2:15-cv-01156-ROS, was filed in Arizona District Court by putative stockholders that opted out of the Class Action. The complaint names the Company and certain of our current and former directors and officers as defendants, and alleges that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and violated state law, by making false and misleading statements regarding the Company’s financial performance and prospects. The action includes claims for rescissory and actual damages, interest, punitive damages, and an award of reasonable attorneys’ fees, expert fees, and costs. The Company is vigorously defending this action. First Solar and the individual defendants filed a motion to dismiss the complaint on July 16, 2018. On November 27, 2018, the Court granted defendants’ motion to dismiss the plaintiffs’ negligent misrepresentation claim under state law, but otherwise denied defendants’ motion. The plaintiffs have argued that the action is unique from the Class Action and have sought additional discovery. Following an April 7, 2020 order modifying the case schedule, fact discovery is scheduled to be complete by August 5, 2020, expert discovery is scheduled to be complete by December 23, 2020, and dispositive motions are due by January 20, 2021. As of March 31, 2020 and December 31, 2019, we accrued $13 million of estimated losses for this action, which represents our best estimate of the lower bound of the costs to resolve this case. The ultimate amount of loss may be materially higher. Derivative Actions On July 16, 2013, a derivative complaint was filed in the Superior Court of Arizona, Maricopa County, formerly titled Bargar, et al. v. Ahearn, et al., and now titled Kaufold v. Ahearn, et. al., Case No. CV2013-009938, by a putative stockholder against certain current and former directors and officers of the Company (“Kaufold”). The complaint generally alleges that the defendants caused or allowed false and misleading statements to be made concerning the Company’s financial performance and prospects. The action includes claims for, among other things, breach of fiduciary duties, insider trading, unjust enrichment, and waste of corporate assets. By court order on October 3, 2013, the Superior Court of Arizona, Maricopa County granted the parties’ stipulation to defer defendants’ response to the complaint pending resolution of the Class Action or expiration of a stay issued in certain consolidated derivative actions in the Arizona District Court. On November 5, 2013, the matter was placed on the court’s inactive calendar. The parties have jointly sought and obtained multiple requests to continue the stay in this action. Most recently, on March 5, 2020, the court entered an order continuing the stay until July 31, 2020. On December 5, 2019, the court granted a motion by one of two named plaintiffs to voluntarily dismiss that plaintiff’s claims; one named plaintiff remains in the case. The Company believes that the plaintiff in the Kaufold derivative action lacks standing to pursue litigation on behalf of First Solar. The Kaufold derivative action is still in the initial stages and there has been no discovery. Accordingly, at this time we are not in a position to assess the likelihood of any potential loss or adverse effect on our financial condition or to estimate the amount or range of potential loss, if any. Other Matters and Claims We are party to other legal matters and claims in the normal course of our operations. While we believe the ultimate outcome of such other matters and claims will not have a material adverse effect on our financial position, results of operations, or cash flows, the outcome of such matters and claims is not determinable with certainty, and negative outcomes may adversely affect us.

11. Revenue from Contracts with

11. Revenue from Contracts with Customers (Notes)	3 Months Ended
11. Revenue from Contracts with Customers (Notes)	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers [Text Block]	11. Revenue from Contracts with Customers The following table represents a disaggregation of revenue from contracts with customers for the three months ended March 31, 2020 and 2019 along with the reportable segment for each category (in thousands): Three Months Ended Category Segment 2020 2019 Solar modules Modules $ 393,681 $ 198,815 Solar power systems Systems 90,076 157,294 EPC services Systems 919 137,594 O&M services Systems 29,475 27,700 Energy generation Systems 17,973 10,575 Net sales $ 532,124 $ 531,978 We recognize revenue for module sales at a point in time following the transfer of control of the modules to the customer, which typically occurs upon shipment or delivery depending on the terms of the underlying contracts. Such contracts may contain provisions that require us to make liquidated damage payments to the customer if we fail to ship or deliver modules by scheduled dates. We recognize these liquidated damages as a reduction of revenue in the period we transfer control of the modules to the customer. For certain sales of solar power systems and/or EPC services, we recognize revenue over time using cost based input methods, in which significant judgment is required to evaluate assumptions including the amount of net contract revenues and the total estimated costs to determine our progress toward contract completion. If the estimated total costs on any contract are greater than the net contract revenues, we recognize the entire estimated loss in the period the loss becomes known. The cumulative effect of revisions to estimates related to net contract revenues or costs to complete contracts are recorded in the period in which the revisions to estimates are identified and the amounts can be reasonably estimated. Changes in estimates for sales of systems and EPC services occur for a variety of reasons, including but not limited to (i) construction plan accelerations or delays, (ii) module cost forecast changes, (iii) cost related change orders, or (iv) changes in other information used to estimate costs. Changes in estimates may have a material effect on our condensed consolidated statements of operations. The following table outlines the impact on revenue of net changes in estimated transaction prices and input costs for systems related sales contracts (both increases and decreases) for the three months ended March 31, 2020 and 2019 as well as the number of projects that comprise such changes. For purposes of the table, we only include projects with changes in estimates that have a net impact on revenue of at least $1.0 million during the periods presented. Also included in the table is the net change in estimate as a percentage of the aggregate revenue for such projects. Three Months Ended 2020 2019 Number of projects 2 8 (Decrease) increase in revenue from net changes in transaction prices (in thousands) $ (762) $ 6,114 Increase (decrease) in revenue from net changes in input cost estimates (in thousands) 1,885 (15,950) Net increase (decrease) in revenue from net changes in estimates (in thousands) $ 1,123 $ (9,836) Net change in estimate as a percentage of aggregate revenue 0.3 % (0.5) % The following table reflects the changes in our contract assets, which we classify as “Accounts receivable, unbilled” or “Retainage,” and our contract liabilities, which we classify as “Deferred revenue,” for the three months ended March 31, 2020 (in thousands): March 31, December 31, Three Month Change Accounts receivable, unbilled (1) $ 109,054 $ 162,057 Retainage 25,577 21,416 Allowance for credit losses (1,223) — Accounts receivable, unbilled and retainage, net $ 133,408 $ 183,473 $ (50,065) (27) % Deferred revenue (2) $ 206,503 $ 394,655 $ (188,152) (48) % —————————— (1) Includes $12.3 million of long-term accounts receivable, unbilled classified as “Other assets” on our condensed consolidated balance sheet as of March 31, 2020. (2) Includes $69.5 million and $71.4 million of long-term deferred revenue classified as “Other liabilities” on our condensed consolidated balance sheets as of March 31, 2020 and December 31, 2019, respectively. During the three months ended March 31, 2020, our contract assets decreased by $50.1 million primarily due to billings associated with ongoing construction activities at the Sun Streams and Sunshine Valley projects, partially offset by certain unbilled receivables from ongoing construction activities at the GA Solar 4 project. During the three months ended March 31, 2020, our contract liabilities decreased by $188.2 million primarily due to the recognition of revenue for sales of solar modules for which payment was received in 2019 prior to the step down in the U.S. investment tax credit, partially offset by advance payments received for sales of solar modules in the current period. During the three months ended March 31, 2020 and 2019, we recognized revenue of $268.2 million and $46.7 million, respectively, that was included in the corresponding contract liability balance at the beginning of the periods. The following table represents our remaining performance obligations as of March 31, 2020 for sales of solar power systems, including uncompleted sold projects and projects under contracts subject to conditions precedent. Such table excludes remaining performance obligations for sales arrangements that had not fully satisfied the criteria to be considered a contract with a customer pursuant to the requirements of ASC 606. We expect to recognize $45.2 million of revenue for such contracts through the substantial completion dates of the projects. Project/Location Project Size in MW AC Revenue Category Customer Expected Year Revenue Recognition Will Be Completed Percentage of Revenue Recognized GA Solar 4, Georgia 200 Solar power systems Origis Energy USA 2020 89% Sun Streams, Arizona 150 Solar power systems (1) 2020 96% Sunshine Valley, Nevada 100 Solar power systems (1) 2020 97% Seabrook, South Carolina 72 Solar power systems Dominion Energy 2020 97% Total 522 —————————— (1) EDP Renewables and ConnectGen As of March 31, 2020, we had entered into contracts with customers for the future sale of 11.1 GW DC of solar modules for an aggregate transaction price of $3.7 billion. We expect to recognize such amounts as revenue through 2023 as we transfer control of the modules to the customers. While our contracts with customers typically represent firm purchase commitments, these contracts may be subject to amendments made by us or requested by our customers. These amendments may increase or decrease the volume of modules to be sold under the contract, change delivery schedules, or otherwise adjust the expected revenue under these contracts. As of March 31, 2020, we had entered into O&M contracts covering approximately 12 GW DC of utility-scale PV solar power systems. We expect to recognize $0.4 billion of revenue during the noncancelable term of these O&M contracts over a weighted-average period of 9.3 years.

12. Share-Based Compensation

12. Share-Based Compensation	3 Months Ended
12. Share-Based Compensation	Mar. 31, 2020
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Abstract]
Share-Based Compensation	12. Share-Based Compensation The following table presents share-based compensation expense recognized in our condensed consolidated statements of operations for the three months ended March 31, 2020 and 2019 (in thousands): Three Months Ended 2020 2019 Cost of sales $ 1,212 $ 1,840 Selling, general and administrative 4,709 2,338 Research and development 1,283 841 Total share-based compensation expense $ 7,204 $ 5,019 Share-based compensation expense capitalized in inventory, project assets, and PV solar power systems was $1.3 million and $1.2 million as of March 31, 2020 and December 31, 2019, respectively. As of March 31, 2020, we had $48.8 million of unrecognized share-based compensation expense related to unvested restricted and performance stock units, which we expect to recognize over a weighted-average period of approximately 1.8 years. In February 2017, the compensation committee of our board of directors approved a long-term incentive program for key executive officers and associates. The program is intended to incentivize retention of our key executive talent, provide a smooth transition from our former key senior talent equity performance program, and align the interests of executive management and stockholders. Specifically, the program consists of (i) performance stock units to be earned over an approximately three-year performance period, which ended in December 2019, and (ii) stub-year grants of separate performance stock units to be earned over an approximately two-year performance period, which ended in December 2018. In February 2019, the compensation committee of our board of directors certified the achievement of the maximum vesting conditions applicable for the stub-year grants. Accordingly, each participant received one share of common stock for each vested performance unit, net of any tax withholdings. In February 2020, the compensation committee of our board of directors certified the achievement of the threshold vesting conditions applicable to the remaining 2017 grants of performance stock units. Accordingly, each participant received one share of common stock for each vested performance unit, net of any tax withholdings. In April 2018, in continuation of our long-term incentive program for key executive officers and associates, the compensation committee of our board of directors approved additional grants of performance stock units to be earned over an approximately three-year performance period ending in December 2020. Vesting of the 2018 grants of performance stock units is contingent upon the relative attainment of target gross margin, operating expense, and contracted revenue metrics. In July 2019, the compensation committee of our board of directors approved additional grants of performance stock units for key executive officers. Such grants are expected to be earned over a multi-year performance period ending in December 2021. Vesting of the 2019 grants of performance stock units is contingent upon the relative attainment of target cost per watt, module wattage, gross profit, and operating income metrics. In March 2020, the compensation committee of our board of directors approved additional grants of performance stock units for key executive officers. Such grants are expected to be earned over a multi-year performance period ending in December 2022. Vesting of the 2020 grants of performance stock units is contingent upon the relative attainment of contracted revenue, module wattage, and return on capital metrics. Vesting of performance stock units is also contingent upon the employment of program participants through the applicable vesting dates, with limited exceptions in case of death, disability, a qualifying retirement, or a change-in-control of First Solar. Outstanding performance stock units are included in the computation of diluted net income per share based on the number of shares that would be issuable if the end of the reporting period were the end of the contingency period.

13. Income Taxes

13. Income Taxes	3 Months Ended
13. Income Taxes	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act (the “CARES Act”) was signed into law. The CARES Act includes a number of federal corporate tax relief provisions that are intended to support the ongoing liquidity of U.S. corporations. Among other provisions, the CARES Act allows net operating losses incurred in 2018, 2019, and 2020 to be carried back to each of the five preceding taxable years. Because changes in tax law are accounted for in the period of enactment, the retroactive effects of such changes are accounted for as a discrete item in our tax provision. Our effective tax rate was (5,657)% and 2% for the three months ended March 31, 2020 and 2019, respectively. The decrease in our effective tax rate was primarily driven by a discrete tax benefit associated with the net operating loss carryback provisions of the CARES Act described above and the relative size of our pretax income in the current period. Our provision for income taxes differed from the amount computed by applying the U.S. statutory federal income tax rate of 21% primarily due to the effect of tax law changes associated with the CARES Act. Our Malaysian subsidiary has been granted a long-term tax holiday that expires in 2027. The tax holiday, which generally provides for a full exemption from Malaysian income tax, is conditional upon our continued compliance with certain employment and investment thresholds, which we are currently in compliance with and expect to continue to comply with through the expiration of the tax holiday in 2027. In the normal course of business, we establish valuation allowances for our deferred tax assets when the realization of the assets is not more likely than not. We intend to maintain such valuation allowances on our deferred tax assets until there is sufficient evidence to support the reversal of all or some portion of the allowances. Given our anticipated future earnings in a foreign jurisdiction, it is reasonably possible that, within the next 12 months, sufficient positive evidence may become available to allow us to reverse the valuation allowance in such jurisdiction. However, the exact timing and amount of such reversal is subject to change depending on our future earnings in the jurisdiction and other factors. We account for uncertain tax positions pursuant to the recognition and measurement criteria under ASC 740. It is reasonably possible that $58.6 million of uncertain tax positions will be recognized within the next 12 months due to the expiration of the statute of limitations associated with such positions. We are subject to audit by federal, state, local, and foreign tax authorities. We are currently under examination in Chile, India, Malaysia, and the state of California. We believe that adequate provisions have been made for any adjustments that may result from tax examinations. However, the outcome of tax examinations cannot be predicted with certainty. If any issues addressed by our tax examinations are not resolved in a manner consistent with our expectations, we could be required to adjust our provision for income taxes in the period such resolution occurs.

14. Net Income (Loss) Per Share

14. Net Income (Loss) Per Share	3 Months Ended
14. Net Income (Loss) Per Share	Mar. 31, 2020
Earnings Per Share [Abstract]
Net Income (Loss) per Share	14. Net Income (Loss) per Share The calculation of basic and diluted net income (loss) per share for the three months ended March 31, 2020 and 2019 was as follows (in thousands, except per share amounts): Three Months Ended 2020 2019 Basic net income (loss) per share Numerator: Net income (loss) $ 90,704 $ (67,599) Denominator: Weighted-average common shares outstanding 105,595 105,046 Diluted net income (loss) per share Denominator: Weighted-average common shares outstanding 105,595 105,046 Effect of restricted and performance stock units and stock purchase plan shares 791 — Weighted-average shares used in computing diluted net income (loss) per share 106,386 105,046 Net income (loss) per share: Basic $ 0.86 $ (0.64) Diluted $ 0.85 $ (0.64) The following table summarizes the shares of common stock that were excluded from the computation of diluted net income (loss) per share for the three months ended March 31, 2020 and 2019 as such shares would have had an anti-dilutive effect (in thousands): Three Months Ended 2020 2019 Anti-dilutive shares — 864

15. Accumulated Other Comprehen

15. Accumulated Other Comprehensive Loss (Notes)	3 Months Ended
15. Accumulated Other Comprehensive Loss (Notes)	Mar. 31, 2020
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	15. Accumulated Other Comprehensive Loss The following table presents the changes in accumulated other comprehensive loss, net of tax, for the three months ended March 31, 2020 (in thousands): Foreign Currency Translation Adjustment Unrealized Gain (Loss) on Marketable Securities and Restricted Marketable Securities Unrealized Gain (Loss) on Derivative Instruments Total Balance as of December 31, 2019 $ (73,429) $ (5,029) $ (876) $ (79,334) Other comprehensive (loss) income before reclassifications (8,064) 17,551 768 10,255 Amounts reclassified from accumulated other comprehensive loss — (15,088) 207 (14,881) Net tax effect — 389 (79) 310 Net other comprehensive (loss) income (8,064) 2,852 896 (4,316) Balance as of March 31, 2020 $ (81,493) $ (2,177) $ 20 $ (83,650) The following table presents the pretax amounts reclassified from accumulated other comprehensive loss into our condensed consolidated statements of operations for the three months ended March 31, 2020 and 2019 (in thousands): Comprehensive Income Components Income Statement Line Item Three Months Ended 2020 2019 Unrealized gain on marketable securities and restricted marketable securities Other (expense) income, net 15,088 15,016 Unrealized loss on derivative contracts: Foreign exchange forward contracts Cost of sales (207) — (207) — Total amount reclassified $ 14,881 $ 15,016

16. Segment Reporting

16. Segment Reporting	3 Months Ended
16. Segment Reporting	Mar. 31, 2020
Segment Reporting Information, Profit (Loss) [Abstract]
Segment Reporting	16. Segment Reporting We operate our business in two segments. Our modules segment involves the design, manufacture, and sale of cadmium telluride (“CdTe”) solar modules, which convert sunlight into electricity. Third-party customers of our modules segment include integrators and operators of PV solar power systems. Our second segment is our systems segment, through which we provide power plant solutions, which include (i) project development, (ii) EPC services, and (iii) O&M services. We may provide any combination of individual products and services within such capabilities (including, with respect to EPC services, by contracting with third parties) depending upon the customer and market opportunity. Our systems segment customers include utilities, independent power producers, commercial and industrial companies, and other system owners. As part of our systems segment, we may also temporarily own and operate certain of our systems for a period of time based on strategic opportunities or market factors. See Note 21. “Segment and Geographical Information” in our Annual Report on Form 10-K for the year ended December 31, 2019 for additional discussion of our segment reporting. The following tables present certain financial information for our reportable segments for the three months ended March 31, 2020 and 2019 and as of March 31, 2020 and December 31, 2019 (in thousands): Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Modules Systems Total Modules Systems Total Net sales $ 393,681 $ 138,443 $ 532,124 $ 198,815 $ 333,163 $ 531,978 Gross profit (loss) 75,352 14,986 90,338 (24,996) 25,108 112 Depreciation and amortization expense 44,673 6,258 50,931 39,535 4,259 43,794 March 31, 2020 December 31, 2019 Modules Systems Total Modules Systems Total Goodwill $ 14,462 $ — $ 14,462 $ 14,462 $ — $ 14,462

3. Cash, Cash Equivalents, an_2

3. Cash, Cash Equivalents, and Marketable Securities (Tables)	3 Months Ended
	Mar. 31, 2020
Cash, Cash Equivalents, and Short-term Investments [Abstract]
Schedule of Cash, Cash Equivalent, and Marketable Securities	Cash, cash equivalents, and marketable securities consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Cash and cash equivalents: Cash $ 929,014 $ 1,345,419 Money market funds 341 7,322 Total cash and cash equivalents 929,355 1,352,741 Marketable securities: Foreign debt 292,569 387,820 Foreign government obligations — 22,011 U.S. debt 54,567 66,134 Time deposits 232,204 335,541 Total marketable securities 579,340 811,506 Total cash, cash equivalents, and marketable securities $ 1,508,695 $ 2,164,247
Reconciliation of Cash, Cash Equivalents, and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within our condensed consolidated balance sheets as of March 31, 2020 and December 31, 2019 to the total of such amounts as presented in the condensed consolidated statement of cash flows (in thousands): Balance Sheet Line Item March 31, December 31, Cash and cash equivalents Cash and cash equivalents $ 929,355 $ 1,352,741 Restricted cash – current Prepaid expenses and other current assets 47,915 13,697 Restricted cash – noncurrent Other assets 41,608 80,072 Total cash, cash equivalents, and restricted cash $ 1,018,878 $ 1,446,510
Available-for-sale Marketable Securities	The following tables summarize the unrealized gains and losses related to our available-for-sale marketable securities, by major security type, as of March 31, 2020 and December 31, 2019 (in thousands): As of March 31, 2020 Amortized Unrealized Unrealized Allowance for Credit Losses Fair Foreign debt $ 298,861 $ 55 $ 6,250 $ 97 $ 292,569 U.S. debt 55,462 58 936 17 54,567 Time deposits 232,305 — — 101 232,204 Total $ 586,628 $ 113 $ 7,186 $ 215 $ 579,340 As of December 31, 2019 Amortized Unrealized Unrealized Fair Foreign debt $ 387,775 $ 551 $ 506 $ 387,820 Foreign government obligations 21,991 20 — 22,011 U.S. debt 65,970 176 12 66,134 Time deposits 335,541 — — 335,541 Total $ 811,277 $ 747 $ 518 $ 811,506
Debt Securities, Available-for-sale, Allowance for Credit Loss	The following table presents the change in the allowance for credit losses related to our available-for-sale marketable securities for the three months ended March 31, 2020 (in thousands): Marketable Securities Balance as of December 31, 2019 $ — Cumulative-effect adjustment for the adoption of ASU 2016-13 207 Provision for credit losses 180 Sales and maturities of marketable securities (172) Balance as of March 31, 2020 $ 215
Available-for-sale Marketable Securities by Maturity	The contractual maturities of our marketable securities as of March 31, 2020 were as follows (in thousands): Fair One year or less $ 320,765 One year to two years 157,337 Two years to three years 101,238 Total $ 579,340

4. Restricted Marketable Secu_2

4. Restricted Marketable Securities (Tables)	3 Months Ended
4. Restricted Marketable Securities (Tables)	Mar. 31, 2020
Debt Securities, Available-for-sale, Restricted [Abstract]
Schedule of Restricted Marketable Securities	Restricted marketable securities consisted of the following as of March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Foreign government obligations $ 126,491 $ 126,066 U.S. government obligations 119,919 97,719 Total restricted marketable securities $ 246,410 $ 223,785
Restricted Available-for-sale Marketable Securities	The following tables summarize the unrealized gains and losses related to our restricted marketable securities, by major security type, as of March 31, 2020 and December 31, 2019 (in thousands): As of March 31, 2020 Amortized Unrealized Unrealized Allowance for Credit Losses Fair Foreign government obligations $ 127,528 $ 133 $ 1,140 $ 30 $ 126,491 U.S. government obligations 114,628 5,291 — — 119,919 Total $ 242,156 $ 5,424 $ 1,140 $ 30 $ 246,410 As of December 31, 2019 Amortized Unrealized Unrealized Fair Foreign government obligations $ 129,499 $ — $ 3,433 $ 126,066 U.S. government obligations 99,700 — 1,981 97,719 Total $ 229,199 $ — $ 5,414 $ 223,785
Restricted Debt Securities, Available-for-sale, Allowance for Credit Loss	The following table presents the change in the allowance for credit losses related to our restricted marketable securities for the three months ended March 31, 2020 (in thousands): Restricted Marketable Securities Balance as of December 31, 2019 $ — Cumulative-effect adjustment for the adoption of ASU 2016-13 54 Provision for credit losses 1 Sales of restricted marketable securities (25) Balance as of March 31, 2020 $ 30

5. Consolidated Balance Sheet_2

5. Consolidated Balance Sheet Details (Tables)	3 Months Ended
5. Consolidated Balance Sheet Details (Tables)	Mar. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Schedule of Accounts Receivable	Accounts receivable trade, net Accounts receivable trade, net consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Accounts receivable trade, gross $ 293,612 $ 476,425 Allowance for credit losses (3,331) (1,386) Accounts receivable trade, net $ 290,281 $ 475,039 At March 31, 2020 and December 31, 2019, $48.1 million and $44.9 million, respectively, of our trade accounts receivable were secured by letters of credit, bank guarantees, surety bonds, or other forms of financial security issued by creditworthy financial institutions. Accounts receivable, unbilled and retainage, net Accounts receivable, unbilled and retainage, net consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Accounts receivable, unbilled $ 96,755 $ 162,057 Retainage 25,577 21,416 Allowance for credit losses (1,223) — Accounts receivable, unbilled and retainage, net $ 121,109 $ 183,473
Schedule of Allowance for Credit Loss	The following table presents the change in the allowances for credit losses related to our accounts receivable for the three months ended March 31, 2020 (in thousands): Accounts Receivable Trade Accounts Receivable, Unbilled and Retainage Balance as of December 31, 2019 $ (1,386) $ — Cumulative-effect adjustment for the adoption of ASU 2016-13 (171) (459) Provision for credit losses, net (1) (2,026) (764) Writeoffs 252 — Balance as of March 31, 2020 $ (3,331) $ (1,223) —————————— (1) Includes credit losses for accounts receivable trade, net and accounts receivables, unbilled and retainage, net of $2.2 million and $0.9 million, respectively, to reflect our estimate of expected credit losses attributable to the current economic conditions resulting from the ongoing COVID-19 pandemic.
Schedule of Inventories, Current and Noncurrent	Inventories consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Raw materials $ 255,849 $ 248,756 Work in process 63,938 59,924 Finished goods 342,264 295,479 Inventories $ 662,051 $ 604,159 Inventories – current $ 479,792 $ 443,513 Inventories – noncurrent $ 182,259 $ 160,646
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Prepaid expenses $ 145,985 $ 137,927 Prepaid income taxes 51,416 47,811 Restricted cash 47,915 13,697 Indirect tax receivables 29,300 29,908 Derivative instruments (1) 2,846 1,199 Notes receivable, net (2) — 23,873 Other current assets 25,383 22,040 Prepaid expenses and other current assets $ 302,845 $ 276,455 —————————— (1) See Note 6. “Derivative Financial Instruments” to our condensed consolidated financial statements for discussion of our derivative instruments. (2) In November 2014 and February 2016, we entered into a term loan agreement and a convertible loan agreement, respectively, with Clean Energy Collective, LLC (“CEC”). Our term loan bears interest at 16% per annum, and our convertible loan bears interest at 10% per annum. In November 2018, we amended the terms of the loan agreements to (i) extend their maturity to June 2020, (ii) waive the conversion features on our convertible loan, and (iii) increase the frequency of interest payments, subject to certain conditions. We assess CEC’s credit quality based primarily on certain quarterly financial information, which was last provided during the three months ended March 31, 2020. As of December 31, 2019, the aggregate balance outstanding on the loans was $23.9 million. Upon the adoption of ASU 2016-13, we evaluated the estimated credit losses over the remaining contractual term of the loan agreements based on a discounted cash flow model. As a result of this evaluation, we recorded an allowance for credit losses of $10.8 million as of January 1, 2020. During the three months ended March 31, 2020, we recorded incremental credit losses of $13.1 million based on our expectation that CEC will be unable to repay the notes by their contractual maturity date due to continued liquidity issues, which have adversely affected CEC’s financial condition and results of operations.
Schedule of Property, Plant and Equipment, Net	Property, plant and equipment, net consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Land $ 14,199 $ 14,241 Buildings and improvements 666,728 664,266 Machinery and equipment 2,168,688 2,436,997 Office equipment and furniture 154,479 159,848 Leasehold improvements 48,744 48,772 Construction in progress 319,787 243,107 Property, plant and equipment, gross 3,372,625 3,567,231 Accumulated depreciation (1,128,450) (1,386,082) Property, plant and equipment, net $ 2,244,175 $ 2,181,149
Schedule of PV Solar Power Systems, Net	Photovoltaic (“PV”) solar power systems, net consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, PV solar power systems, gross $ 529,396 $ 530,004 Accumulated depreciation (58,687) (53,027) PV solar power systems, net $ 470,709 $ 476,977
Schedule of Project Assets	Project assets consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Project assets – development costs, including project acquisition and land costs $ 234,404 $ 254,466 Project assets – construction costs 154,510 82,654 Project assets $ 388,914 $ 337,120 Project assets – current $ 403 $ 3,524 Project assets – noncurrent $ 388,511 $ 333,596
Schedule of Capitalized Interest	The components of interest expense and capitalized interest were as follows during three months ended March 31, 2020 and 2019 (in thousands): Three Months Ended 2020 2019 Interest cost incurred $ (7,104) $ (10,948) Interest cost capitalized – project assets 315 827 Interest expense, net $ (6,789) $ (10,121)
Schedule of Other Assets, Noncurrent	Other assets consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Operating lease assets (1) $ 160,749 $ 145,711 Advanced payments for raw materials 105,571 59,806 Restricted cash 41,608 80,072 Indirect tax receivables 10,934 9,446 Notes receivable (2) 8,071 8,194 Income taxes receivable 4,110 4,106 Equity method investments 2,702 2,812 Derivative instruments (3) 746 139 Other 42,763 19,640 Other assets $ 377,254 $ 329,926 —————————— (1) See Note 7. “Leases” to our condensed consolidated financial statements for discussion of our lease arrangements. (2) In April 2009, we entered into a credit facility agreement with a solar power project entity of one of our customers for an available amount of €17.5 million to provide financing for a PV solar power system. The credit facility bears interest at 8.0% per annum, payable quarterly, with the full amount due in December 2026. As of March 31, 2020 and December 31, 2019, the balance outstanding on the credit facility was €7.0 million ($7.7 million and $7.8 million, respectively). We assess the credit quality of the aforementioned customer based primarily on certain quarterly financial information, which was last provided during the three months ended December 31, 2019. Upon adoption of ASU 2016-13, we evaluated the estimated credit losses over the remaining contractual term of the credit facility and determined no allowance for credit losses was necessary as of January 1, 2020. Additionally, based on the customer’s current financial condition and forecasts, we determined no allowance for credit losses was necessary as of March 31, 2020. (3) See Note 6. “Derivative Financial Instruments” to our condensed consolidated financial statements for discussion of our derivative instruments.
Schedule of Goodwill	Goodwill for the relevant reporting unit consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): December 31, Acquisitions (Impairments) March 31, Modules $ 407,827 $ — $ 407,827 Accumulated impairment losses (393,365) — (393,365) Goodwill $ 14,462 $ — $ 14,462
Schedule of Intangible Assets, Net	The following tables summarize our intangible assets at March 31, 2020 and December 31, 2019 (in thousands): March 31, 2020 Gross Amount Accumulated Amortization Net Amount Developed technology $ 99,964 $ (44,712) $ 55,252 Power purchase agreements 6,486 (1,053) 5,433 Patents 7,780 (4,547) 3,233 Intangible assets, net $ 114,230 $ (50,312) $ 63,918 December 31, 2019 Gross Amount Accumulated Amortization Net Amount Developed technology $ 97,964 $ (42,344) $ 55,620 Power purchase agreements 6,486 (972) 5,514 Patents 7,780 (4,371) 3,409 Intangible assets, net $ 112,230 $ (47,687) $ 64,543
Schedule of Accrued Expenses	Accrued expenses consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Accrued project costs $ 81,461 $ 91,971 Accrued property, plant and equipment 48,233 42,834 Accrued compensation and benefits 39,625 65,170 Accrued inventory 37,198 39,366 Product warranty liability (1) 20,399 20,291 Other 69,880 91,628 Accrued expenses $ 296,796 $ 351,260 —————————— (1) See Note 10. “Commitments and Contingencies” to our condensed consolidated financial statements for discussion of our “Product Warranties.”
Schedule of Other Current Liabilities	Other current liabilities consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Operating lease liabilities (1) $ 11,824 $ 11,102 Derivative instruments (2) 1,612 2,582 Contingent consideration (3) 200 2,395 Other 8,149 12,051 Other current liabilities $ 21,785 $ 28,130 —————————— (1) See Note 7. “Leases” to our condensed consolidated financial statements for discussion of our lease arrangements. (2) See Note 6. “Derivative Financial Instruments” to our condensed consolidated financial statements for discussion of our derivative instruments. (3) See Note 10. “Commitments and Contingencies” to our condensed consolidated financial statements for discussion of our “Contingent Consideration” arrangements.
Schedule of Other Liabilities	Other liabilities consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Operating lease liabilities (1) $ 125,253 $ 112,515 Product warranty liability (2) 104,102 109,506 Other taxes payable 92,519 90,201 Transition tax liability 70,047 70,047 Deferred revenue 69,505 71,438 Derivative instruments (3) 9,544 7,439 Contingent consideration (2) 4,500 4,500 Other 44,017 43,120 Other liabilities $ 519,487 $ 508,766 —————————— (1) See Note 7. “Leases” to our condensed consolidated financial statements for discussion of our lease arrangements. (2) See Note 10. “Commitments and Contingencies” to our condensed consolidated financial statements for discussion of our “Product Warranties” and “Contingent Consideration” arrangements. (3) See Note 6. “Derivative Financial Instruments” to our condensed consolidated financial statements for discussion of our derivative instruments.

6. Derivative Financial Instr_2

6. Derivative Financial Instruments (Tables)	3 Months Ended
6. Derivative Financial Instruments (Tables)	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	The following tables present the fair values of derivative instruments included in our condensed consolidated balance sheets as of March 31, 2020 and December 31, 2019 (in thousands): March 31, 2020 Prepaid Expenses and Other Current Assets Other Assets Other Current Liabilities Other Liabilities Derivatives designated as hedging instruments: Foreign exchange forward contracts $ 528 $ 746 $ 29 $ — Total derivatives designated as hedging instruments $ 528 $ 746 $ 29 $ — Derivatives not designated as hedging instruments: Foreign exchange forward contracts $ 2,318 $ — $ 1,108 $ — Interest rate swap contracts — — 475 9,544 Total derivatives not designated as hedging instruments $ 2,318 $ — $ 1,583 $ 9,544 Total derivative instruments $ 2,846 $ 746 $ 1,612 $ 9,544 December 31, 2019 Prepaid Expenses and Other Current Assets Other Assets Other Current Liabilities Other Liabilities Derivatives designated as hedging instruments: Foreign exchange forward contracts $ 226 $ 139 $ 369 $ 230 Total derivatives designated as hedging instruments $ 226 $ 139 $ 369 $ 230 Derivatives not designated as hedging instruments: Foreign exchange forward contracts $ 973 $ — $ 1,807 $ — Interest rate swap contracts — — 406 7,209 Total derivatives not designated as hedging instruments $ 973 $ — $ 2,213 $ 7,209 Total derivative instruments $ 1,199 $ 139 $ 2,582 $ 7,439
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	The following table presents the pretax amounts related to derivative instruments designated as cash flow hedges affecting accumulated other comprehensive income (loss) and our condensed consolidated statements of operations for the three months ended March 31, 2020 and 2019 (in thousands): Foreign Exchange Forward Contracts Balance as of December 31, 2019 $ (962) Amounts recognized in other comprehensive income (loss) 768 Amounts reclassified to earnings impacting: Cost of sales 207 Balance as of March 31, 2020 $ 13 Balance as of December 31, 2018 $ 1,329 Amounts recognized in other comprehensive income (loss) (31) Balance as of March 31, 2019 $ 1,298
Schedule of Derivative Instruments, Gain (Loss) [Table Text Block]	The following table presents gains and losses related to derivative instruments not designated as hedges affecting our condensed consolidated statements of operations for the three months ended March 31, 2020 and 2019 (in thousands): Amount of Gain (Loss) Recognized in Income Three Months Ended Income Statement Line Item 2020 2019 Foreign exchange forward contracts Cost of sales $ 106 $ — Foreign exchange forward contracts Foreign currency (loss) income, net (275) 1,900 Interest rate swap contracts Interest expense, net (2,404) (5,364)
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]	As of March 31, 2020 and December 31, 2019, the notional values associated with our foreign exchange forward contracts qualifying as cash flow hedges were as follows (notional amounts and U.S. dollar equivalents in millions): March 31, 2020 Currency Notional Amount USD Equivalent U.S. dollar (1) $66.2 $66.2 December 31, 2019 Currency Notional Amount USD Equivalent U.S. dollar (1) $69.9 $69.9 —————————— (1) These derivative instruments represent hedges of outstanding payables denominated in U.S. dollars at certain of our foreign subsidiaries whose functional currencies are other than the U.S. dollar.
Schedule of Notional Value of Foreign Exchange Forward Derivatives [Table Text Block]	As of March 31, 2020 and December 31, 2019, the notional values of our foreign exchange forward contracts that do not qualify for hedge accounting were as follows (notional amounts and U.S. dollar equivalents in millions): March 31, 2020 Transaction Currency Notional Amount USD Equivalent Purchase Australian dollar AUD 14.6 $9.0 Sell Australian dollar AUD 12.1 $7.4 Purchase Brazilian real BRL 2.6 $0.5 Sell Brazilian real BRL 4.3 $0.8 Sell Canadian dollar CAD 4.3 $3.0 Sell Chilean peso CLP 3,679.1 $4.3 Purchase Euro €88.3 $97.4 Sell Euro €47.4 $52.3 Purchase Indian rupee INR 470.9 $6.2 Sell Indian rupee INR 1,349.2 $17.8 Purchase Japanese yen ¥2,496.3 $23.1 Sell Japanese yen ¥22,990.4 $213.1 Purchase Malaysian ringgit MYR 89.1 $20.5 Sell Malaysian ringgit MYR 36.3 $8.4 Sell Mexican peso MXN 34.6 $1.4 Purchase Singapore dollar SGD 2.9 $2.0 December 31, 2019 Transaction Currency Notional Amount USD Equivalent Purchase Australian dollar AUD 14.9 $10.4 Sell Australian dollar AUD 11.1 $7.8 Purchase Brazilian real BRL 13.2 $3.3 Sell Brazilian real BRL 4.3 $1.1 Purchase Canadian dollar CAD 4.5 $3.4 Sell Canadian dollar CAD 1.6 $1.2 Purchase Chilean peso CLP 1,493.1 $2.0 Sell Chilean peso CLP 3,866.1 $5.1 Purchase Euro €86.1 $96.5 Sell Euro €116.3 $130.3 Sell Indian rupee INR 1,283.8 $18.0 Purchase Japanese yen ¥3,625.5 $33.3 Sell Japanese yen ¥23,089.5 $212.2 Purchase Malaysian ringgit MYR 88.6 $21.6 Sell Malaysian ringgit MYR 41.3 $10.1 Sell Mexican peso MXN 34.6 $1.8 Purchase Singapore dollar SGD 2.9 $2.2

7. Leases (Tables)

7. Leases (Tables)	3 Months Ended
7. Leases (Tables)	Mar. 31, 2020
Leases [Abstract]
Schedule of operating lease cost and related information	The following table presents certain quantitative information related to our lease arrangements for the three months ended March 31, 2020 and 2019, and as of March 31, 2020 and December 31, 2019 (in thousands): Three Months Ended 2020 2019 Operating lease cost $ 4,178 $ 5,283 Variable lease cost 666 749 Short-term lease cost 961 2,842 Total lease cost $ 5,805 $ 8,874 Payments of amounts included in the measurement of operating lease liabilities $ 4,897 $ 4,947 Lease assets obtained in exchange for operating lease liabilities $ 17,576 $ 149,631 March 31, 2020 December 31, 2019 Operating lease assets $ 160,749 $ 145,711 Operating lease liabilities – current 11,824 11,102 Operating lease liabilities – noncurrent 125,253 112,515 Weighted-average remaining lease term 16 years 15 years Weighted-average discount rate 4.0 % 4.3 %
Operating lease liability maturity	As of March 31, 2020, the future payments associated with our lease liabilities were as follows (in thousands): Total Lease Liabilities Remainder of 2020 $ 11,534 2021 15,473 2022 14,507 2023 14,017 2024 13,731 Thereafter 108,763 Total future payments 178,025 Less: interest (40,948) Total lease liabilities $ 137,077

8. Fair Value Measurements (Tab

8. Fair Value Measurements (Tables)	3 Months Ended
8. Fair Value Measurements (Tables)	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair value of assets and liabilities measured on a recurring basis	At March 31, 2020 and December 31, 2019, the fair value measurements of our assets and liabilities measured on a recurring basis were as follows (in thousands): Fair Value Measurements at Reporting March 31, Quoted Prices Significant Significant Unobservable Inputs (Level 3) Assets: Cash equivalents: Money market funds $ 341 $ 341 $ — $ — Marketable securities: Foreign debt 292,569 — 292,569 — U.S. debt 54,567 — 54,567 — Time deposits 232,204 232,204 — — Restricted marketable securities 246,410 — 246,410 — Derivative assets 3,592 — 3,592 — Total assets $ 829,683 $ 232,545 $ 597,138 $ — Liabilities: Derivative liabilities $ 11,156 $ — $ 11,156 $ — Fair Value Measurements at Reporting December 31, Quoted Prices Significant Significant Unobservable Inputs (Level 3) Assets: Cash equivalents: Money market funds $ 7,322 $ 7,322 $ — $ — Marketable securities: Foreign debt 387,820 — 387,820 — Foreign government obligations 22,011 — 22,011 — U.S. debt 66,134 — 66,134 — Time deposits 335,541 335,541 — — Restricted marketable securities 223,785 — 223,785 — Derivative assets 1,338 — 1,338 — Total assets $ 1,043,951 $ 342,863 $ 701,088 $ — Liabilities: Derivative liabilities $ 10,021 $ — $ 10,021 $ —
Carrying value and fair value of financial instruments not measured at fair value	At March 31, 2020 and December 31, 2019, the carrying values and fair values of our financial instruments not measured at fair value were as follows (in thousands): March 31, 2020 December 31, 2019 Carrying Fair Carrying Fair Assets: Notes receivable – current (1) $ — $ — $ 23,873 $ 24,929 Notes receivable – noncurrent (1) 8,071 8,699 8,194 10,276 Liabilities: Long-term debt, including current maturities (2) $ 483,395 $ 458,336 $ 482,892 $ 504,213 —————————— (1) See Note 5. “Consolidated Balance Sheet Details” for further information about the allowance for credit losses for our notes receivable. (2) Excludes unamortized discounts and issuance costs.

9. Debt (Tables)

9. Debt (Tables)	3 Months Ended
9. Debt (Tables)	Mar. 31, 2020
Debt Instruments [Abstract]
Schedule of Long-term Debt Instruments	Our long-term debt consisted of the following at March 31, 2020 and December 31, 2019 (in thousands): Balance (USD) Loan Agreement Currency March 31, December 31, Revolving Credit Facility USD $ — $ — Luz del Norte Credit Facilities USD 187,958 188,017 Ishikawa Credit Agreement JPY 217,811 215,879 Japan Credit Facility JPY 1,693 1,678 Tochigi Credit Facility JPY 37,638 37,304 Anamizu Credit Agreement JPY 12,246 12,138 Anantapur Credit Facility INR 14,010 15,123 Tungabhadra Credit Facility INR 12,039 12,753 Long-term debt principal 483,395 482,892 Less: unamortized discounts and issuance costs (11,000) (11,195) Total long-term debt 472,395 471,697 Less: current portion (81,807) (17,510) Noncurrent portion $ 390,588 $ 454,187
Schedule of Borrowing Rate on Debt	Our long-term debt borrowing rates as of March 31, 2020 were as follows: Loan Agreement March 31, 2020 Revolving Credit Facility 2.99% Luz del Norte Credit Facilities (1) Fixed rate loans at bank rate plus 3.50% Variable rate loans at 91-Day U.S. Treasury Bill Yield or LIBOR plus 3.50% Ishikawa Credit Agreement Senior loan facility at 6-month TIBOR plus 0.75% (2) Consumption tax facility at 3-month TIBOR plus 0.5% Japan Credit Facility 1-month TIBOR plus 0.55% Tochigi Credit Facility 3-month TIBOR plus 1.0% Anamizu Credit Agreement Term loan facility at 6-month TIBOR plus 0.70% (2) Consumption tax facility at 3-month TIBOR plus 0.5% Debt service reserve facility at 6-month TIBOR plus 1.20% Anantapur Credit Facility INR overnight indexed swap rate plus 1.5% Tungabhadra Credit Facility INR overnight indexed swap rate plus 1.5% —————————— (1) Outstanding balance comprised of $152.2 million of fixed rate loans and $35.8 million of variable rate loans as of March 31, 2020. (2) We have entered into interest rate swap contracts to hedge portions of these variable rates. See Note 6. “Derivative Financial Instruments” to our condensed consolidated financial statements for additional information.
Schedule of Maturities of Long-term Debt	At March 31, 2020, the future principal payments on our long-term debt were due as follows (in thousands): Total Debt Remainder of 2020 $ 17,767 2021 77,917 2022 19,401 2023 18,393 2024 19,321 Thereafter 330,596 Total long-term debt future principal payments $ 483,395

10. Commitments and Contingen_2

10. Commitments and Contingencies (Tables)	3 Months Ended
10. Commitments and Contingencies (Tables)	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Product Warranty Liability	Product warranty activities during the three months ended March 31, 2020 and 2019 were as follows (in thousands): Three Months Ended 2020 2019 Product warranty liability, beginning of period $ 129,797 $ 220,692 Accruals for new warranties issued 2,285 5,116 Settlements (6,562) (3,078) Changes in estimate of product warranty liability (1,019) (5,489) Product warranty liability, end of period $ 124,501 $ 217,241 Current portion of warranty liability $ 20,399 $ 31,013 Noncurrent portion of warranty liability $ 104,102 $ 186,228

11. Revenue from Contracts wi_2

11. Revenue from Contracts with Customers (Tables)	3 Months Ended
11. Revenue from Contracts with Customers (Tables)	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue, by Type of Revenue [Table Text Block]	The following table represents a disaggregation of revenue from contracts with customers for the three months ended March 31, 2020 and 2019 along with the reportable segment for each category (in thousands): Three Months Ended Category Segment 2020 2019 Solar modules Modules $ 393,681 $ 198,815 Solar power systems Systems 90,076 157,294 EPC services Systems 919 137,594 O&M services Systems 29,475 27,700 Energy generation Systems 17,973 10,575 Net sales $ 532,124 $ 531,978
Changes in Estimates Systems Business [Table Text Block]	The following table outlines the impact on revenue of net changes in estimated transaction prices and input costs for systems related sales contracts (both increases and decreases) for the three months ended March 31, 2020 and 2019 as well as the number of projects that comprise such changes. For purposes of the table, we only include projects with changes in estimates that have a net impact on revenue of at least $1.0 million during the periods presented. Also included in the table is the net change in estimate as a percentage of the aggregate revenue for such projects. Three Months Ended 2020 2019 Number of projects 2 8 (Decrease) increase in revenue from net changes in transaction prices (in thousands) $ (762) $ 6,114 Increase (decrease) in revenue from net changes in input cost estimates (in thousands) 1,885 (15,950) Net increase (decrease) in revenue from net changes in estimates (in thousands) $ 1,123 $ (9,836) Net change in estimate as a percentage of aggregate revenue 0.3 % (0.5) %
Changes in Contract Assets and Liabilities [Table Text Block]	The following table reflects the changes in our contract assets, which we classify as “Accounts receivable, unbilled” or “Retainage,” and our contract liabilities, which we classify as “Deferred revenue,” for the three months ended March 31, 2020 (in thousands): March 31, December 31, Three Month Change Accounts receivable, unbilled (1) $ 109,054 $ 162,057 Retainage 25,577 21,416 Allowance for credit losses (1,223) — Accounts receivable, unbilled and retainage, net $ 133,408 $ 183,473 $ (50,065) (27) % Deferred revenue (2) $ 206,503 $ 394,655 $ (188,152) (48) % —————————— (1) Includes $12.3 million of long-term accounts receivable, unbilled classified as “Other assets” on our condensed consolidated balance sheet as of March 31, 2020. (2) Includes $69.5 million and $71.4 million of long-term deferred revenue classified as “Other liabilities” on our condensed consolidated balance sheets as of March 31, 2020 and December 31, 2019, respectively.
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	The following table represents our remaining performance obligations as of March 31, 2020 for sales of solar power systems, including uncompleted sold projects and projects under contracts subject to conditions precedent. Such table excludes remaining performance obligations for sales arrangements that had not fully satisfied the criteria to be considered a contract with a customer pursuant to the requirements of ASC 606. We expect to recognize $45.2 million of revenue for such contracts through the substantial completion dates of the projects. Project/Location Project Size in MW AC Revenue Category Customer Expected Year Revenue Recognition Will Be Completed Percentage of Revenue Recognized GA Solar 4, Georgia 200 Solar power systems Origis Energy USA 2020 89% Sun Streams, Arizona 150 Solar power systems (1) 2020 96% Sunshine Valley, Nevada 100 Solar power systems (1) 2020 97% Seabrook, South Carolina 72 Solar power systems Dominion Energy 2020 97% Total 522 —————————— (1) EDP Renewables and ConnectGen

12. Share-Based Compensation (T

12. Share-Based Compensation (Tables)	3 Months Ended
12. Share-Based Compensation (Tables)	Mar. 31, 2020
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Abstract]
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	The following table presents share-based compensation expense recognized in our condensed consolidated statements of operations for the three months ended March 31, 2020 and 2019 (in thousands): Three Months Ended 2020 2019 Cost of sales $ 1,212 $ 1,840 Selling, general and administrative 4,709 2,338 Research and development 1,283 841 Total share-based compensation expense $ 7,204 $ 5,019

14. Net Income (Loss) Per Sha_2

14. Net Income (Loss) Per Share (Tables)	3 Months Ended
14. Net Income (Loss) Per Share (Tables)	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The calculation of basic and diluted net income (loss) per share for the three months ended March 31, 2020 and 2019 was as follows (in thousands, except per share amounts): Three Months Ended 2020 2019 Basic net income (loss) per share Numerator: Net income (loss) $ 90,704 $ (67,599) Denominator: Weighted-average common shares outstanding 105,595 105,046 Diluted net income (loss) per share Denominator: Weighted-average common shares outstanding 105,595 105,046 Effect of restricted and performance stock units and stock purchase plan shares 791 — Weighted-average shares used in computing diluted net income (loss) per share 106,386 105,046 Net income (loss) per share: Basic $ 0.86 $ (0.64) Diluted $ 0.85 $ (0.64)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table summarizes the shares of common stock that were excluded from the computation of diluted net income (loss) per share for the three months ended March 31, 2020 and 2019 as such shares would have had an anti-dilutive effect (in thousands): Three Months Ended 2020 2019 Anti-dilutive shares — 864

15. Accumulated Other Compreh_2

15. Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
15. Accumulated Other Comprehensive Loss (Tables)	Mar. 31, 2020
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The following table presents the changes in accumulated other comprehensive loss, net of tax, for the three months ended March 31, 2020 (in thousands): Foreign Currency Translation Adjustment Unrealized Gain (Loss) on Marketable Securities and Restricted Marketable Securities Unrealized Gain (Loss) on Derivative Instruments Total Balance as of December 31, 2019 $ (73,429) $ (5,029) $ (876) $ (79,334) Other comprehensive (loss) income before reclassifications (8,064) 17,551 768 10,255 Amounts reclassified from accumulated other comprehensive loss — (15,088) 207 (14,881) Net tax effect — 389 (79) 310 Net other comprehensive (loss) income (8,064) 2,852 896 (4,316) Balance as of March 31, 2020 $ (81,493) $ (2,177) $ 20 $ (83,650)
Reclassification out of Accumulated Other Comprehensive Loss	The following table presents the pretax amounts reclassified from accumulated other comprehensive loss into our condensed consolidated statements of operations for the three months ended March 31, 2020 and 2019 (in thousands): Comprehensive Income Components Income Statement Line Item Three Months Ended 2020 2019 Unrealized gain on marketable securities and restricted marketable securities Other (expense) income, net 15,088 15,016 Unrealized loss on derivative contracts: Foreign exchange forward contracts Cost of sales (207) — (207) — Total amount reclassified $ 14,881 $ 15,016

16. Segment Reporting (Tables)

16. Segment Reporting (Tables)	3 Months Ended
16. Segment Reporting (Tables)	Mar. 31, 2020
Segment Reporting Information, Profit (Loss) [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables present certain financial information for our reportable segments for the three months ended March 31, 2020 and 2019 and as of March 31, 2020 and December 31, 2019 (in thousands): Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Modules Systems Total Modules Systems Total Net sales $ 393,681 $ 138,443 $ 532,124 $ 198,815 $ 333,163 $ 531,978 Gross profit (loss) 75,352 14,986 90,338 (24,996) 25,108 112 Depreciation and amortization expense 44,673 6,258 50,931 39,535 4,259 43,794 March 31, 2020 December 31, 2019 Modules Systems Total Modules Systems Total Goodwill $ 14,462 $ — $ 14,462 $ 14,462 $ — $ 14,462

2. Recent Accounting Pronounc_2

2. Recent Accounting Pronouncements (Details) $ in Thousands	Dec. 31, 2019USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment for the adoption of ASU 2016-13	$ (9,213)
Accounting Standards Update 2016-13 \| Accumulated Earnings [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment for the adoption of ASU 2016-13	$ (9,213)

3. Cash, Cash Equivalents, an_3

3. Cash, Cash Equivalents, and Marketable Securities (Details) - Cash, Cash Equivalents, and Marketable Securities - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Cash, Cash Equivalents, and Marketable Securities [Line Items]
Cash and cash equivalents	$ 929,355	$ 1,352,741
Marketable securities	579,340	811,506
Total cash, cash equivalents, and marketable securities	1,508,695	2,164,247
Restricted cash - current	47,915	13,697
Restricted cash - noncurrent	41,608	80,072
Cash, cash equivalents, and restricted cash	1,018,878	1,446,510	$ 1,206,625	$ 1,562,623
Marketable Securities, Sale Proceeds	130,800
Maximum [Member]
Cash, Cash Equivalents, and Marketable Securities [Line Items]
Marketable Securities, Realized Loss	100
Foreign debt [Member]
Cash, Cash Equivalents, and Marketable Securities [Line Items]
Marketable securities	292,569	387,820
Foreign government obligations [Member]
Cash, Cash Equivalents, and Marketable Securities [Line Items]
Marketable securities	0	22,011
U.S debt [Member]
Cash, Cash Equivalents, and Marketable Securities [Line Items]
Marketable securities	54,567	66,134
Time deposits [Member]
Cash, Cash Equivalents, and Marketable Securities [Line Items]
Marketable securities	232,204	335,541
Cash [Member]
Cash, Cash Equivalents, and Marketable Securities [Line Items]
Cash and cash equivalents	929,014	1,345,419
Money Market Funds [Member]
Cash, Cash Equivalents, and Marketable Securities [Line Items]
Cash and cash equivalents	$ 341	$ 7,322

3. Cash, Cash Equivalents, an_4

3. Cash, Cash Equivalents, and Marketable Securities (Details) - Marketable Securities - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost		$ 586,628		$ 811,277
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax		113		747
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax		7,186		518
Marketable Securities, Allowance for Credit Loss	$ 0	215		0
Marketable securities		579,340		811,506
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Beginning Balance	0
Cumulative effect adjustment for the adoption of ASU 2016-13				(9,213)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Period Increase (Decrease)	180
Debt Securities, Available-for-sale, Allowance for Credit Loss, Securities Sold	(172)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Ending Balance	215
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year		320,765
Debt securities, Available-for-sale, Debt Maturities, Rolling Year One Through Two		157,337
Debt securities, Available-for-sale, Debt Maturities, Rolling Year Two Through Three		101,238
Debt Securities
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items]
Cumulative effect adjustment for the adoption of ASU 2016-13			$ 207
Foreign debt [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost		298,861		387,775
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax		55		551
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax		6,250		506
Marketable Securities, Allowance for Credit Loss	97	97
Marketable securities		292,569		387,820
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Ending Balance	97
Foreign government obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost				21,991
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax				20
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax				0
Marketable securities		0		22,011
U.S debt [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost		55,462		65,970
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax		58		176
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax		936		12
Marketable Securities, Allowance for Credit Loss	17	17
Marketable securities		54,567		66,134
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Ending Balance	17
Time deposits [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost		232,305		335,541
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax		0		0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax		0		0
Marketable Securities, Allowance for Credit Loss	101	101
Marketable securities		$ 232,204		$ 335,541
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Ending Balance	$ 101

4. Restricted Marketable Secu_3

4. Restricted Marketable Securities (Details) - Restricted Marketable Securities - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Restricted marketable securities	$ 246,410		$ 223,785
Restricted cash - noncurrent	$ 41,608		80,072
Product minimum service life	25 years
Gains on sales of marketable securities and restricted marketable securities	$ 15,088	$ 15,016
Cash Held In Trust [Member]
Debt Securities, Available-for-sale [Line Items]
Restricted cash - noncurrent	700		100
Restricted Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Restricted marketable securities	246,410		223,785
Proceeds from sale of restricted marketable securities	115,200	47,900
Gains on sales of marketable securities and restricted marketable securities	15,100	15,000
Payments to Acquire Restricted Marketable Securities	114,500
Proceeds from sale of restricted marketable securities withdrawn from custodial accounts		$ 14,900
Restricted Debt Securities [Member] \| Foreign government obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Restricted marketable securities	126,491		126,066
Restricted Debt Securities [Member] \| US Government Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Restricted marketable securities	$ 119,919		$ 97,719

4. Restricted Marketable Secu_4

4. Restricted Marketable Securities (Details) - Available for sale - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost		$ 586,628		$ 811,277
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax		113		747
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax		7,186		518
Marketable Securities, Allowance for Credit Loss	$ 0	215		0
Restricted marketable securities		246,410		223,785
Restricted available for sale securities, allowance for credit losses [Line Items]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Beginning Balance	0
Cumulative effect adjustment for the adoption of ASU 2016-13				(9,213)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Period Increase (Decrease)	180
Debt Securities, Available-for-sale, Allowance for Credit Loss, Securities Sold	(172)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Ending Balance	215
Restricted Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost		242,156		229,199
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax		5,424		0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax		1,140		5,414
Marketable Securities, Allowance for Credit Loss	30	30		0
Restricted marketable securities		246,410		223,785
Restricted available for sale securities, allowance for credit losses [Line Items]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Beginning Balance	0
Cumulative effect adjustment for the adoption of ASU 2016-13			$ 54
Debt Securities, Available-for-sale, Allowance for Credit Loss, Period Increase (Decrease)	1
Debt Securities, Available-for-sale, Allowance for Credit Loss, Securities Sold	(25)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Ending Balance	$ 30
Restricted Debt Securities [Member] \| Minimum [Member]
Restricted available for sale securities, allowance for credit losses [Line Items]
Contractual maturities of Debt securities, Available-for-sale, range start (in years)	10 years
Restricted Debt Securities [Member] \| Maximum [Member]
Restricted available for sale securities, allowance for credit losses [Line Items]
Contractual maturities of Debt securities, Available-for-sale, range end (in years)	22 years
Foreign government obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost				21,991
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax				20
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax				0
Foreign government obligations [Member] \| Restricted Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost		127,528		129,499
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax		133		0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax		1,140		3,433
Marketable Securities, Allowance for Credit Loss	$ 30	30
Restricted marketable securities		126,491		126,066
Restricted available for sale securities, allowance for credit losses [Line Items]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Ending Balance	30
US Government Debt Securities [Member] \| Restricted Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost		114,628		99,700
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax		5,291		0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax		0		1,981
Marketable Securities, Allowance for Credit Loss	0	0
Restricted marketable securities		$ 119,919		$ 97,719
Restricted available for sale securities, allowance for credit losses [Line Items]
Debt Securities, Available-for-sale, Allowance for Credit Loss, Ending Balance	$ 0

5. Consolidated Balance Sheet_3

5. Consolidated Balance Sheet Details (Details) $ in Thousands, € in Millions	3 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Jan. 01, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2019EUR (€)	Mar. 31, 2019EUR (€)	Feb. 29, 2016	Nov. 30, 2014	Apr. 30, 2009EUR (€)
Accounts receivable, trade, unbilled and retainage
Accounts receivable trade, gross	$ 293,612			$ 476,425
Accounts Receivable Trade, Allowance for credit losses	(3,331)			(1,386)
Accounts receivable trade, net	290,281			475,039
Secured accounts receivable	48,100			44,900
Accounts receivable, unbilled	96,755			162,057
Retainage	25,577			21,416
Accounts receivable, unbilled and retainage, allowance for credit losses	(1,223)			0
Accounts Receivable, unbilled and retainage, net	121,109			183,473
Allowance for Credit Loss [Abstract]
Accounts Receivable, Allowance for Credit Loss, Cumulative-effect adjustment for adoption of ASU 2016-13			$ (171)
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)	(2,026)
Accounts Receivable Trade, Writeoffs	252
Accounts Receivable Trade, Allowance for credit losses	(3,331)			(1,386)
Accounts Receivable, Unbilled and Retainage, Allowance for Credit Loss, Cumulative-effect adjustment for adoption of ASU 2016-13			(459)
Accounts Receivable, Unbilled and Retainage, Allowance for Credit Loss, Period Increase (Decrease)	(764)
Accounts Receivable, Unbilled and Retainage, Writeoffs	0
Accounts receivable, unbilled and retainage, allowance for credit losses	(1,223)			0
Inventories and balance of systems parts
Raw materials	255,849			248,756
Work in process	63,938			59,924
Finished goods	342,264			295,479
Inventories	662,051			604,159
Inventories - current	479,792			443,513
Inventories - noncurrent	182,259			160,646
Prepaid expenses and other current assets
Prepaid expenses	145,985			137,927
Prepaid income taxes	51,416			47,811
Restricted cash	47,915			13,697
Indirect tax receivables	29,300			29,908
Derivative instruments	2,846			1,199
Notes receivable - current	0			23,873
Other current assets	25,383			22,040
Prepaid expenses and other current assets	302,845			276,455
Property, plant and equipment, net
Property, plant and equipment, gross	3,372,625			3,567,231
Accumulated depreciation	(1,128,450)			(1,386,082)
Property, plant and equipment, net	2,244,175			2,181,149
PV solar power systems, net
PV solar power systems, gross	529,396			530,004
Accumulated depreciation	(58,687)			(53,027)
PV solar power systems, net	470,709			476,977
Project assets
Project assets - development costs, including project acquisition and land costs	234,404			254,466
Project assets - construction costs	154,510			82,654
Total project assets	388,914			337,120
Project assets - current	403			3,524
Project assets - noncurrent	388,511			333,596
Capitalized interest
Interest cost incurred	(7,104)	$ (10,948)
Interest expense, net	(6,789)	(10,121)
Other assets
Operating lease assets	160,749			145,711
Advanced payments for raw materials	105,571			59,806
Restricted cash - noncurrent	41,608			80,072
Indirect tax receivables	10,934			9,446
Notes receivable - noncurrent	8,071			8,194
Income taxes receivable	4,110			4,106
Equity method investments	2,702			2,812
Derivative instruments	746			139
Other	42,763			19,640
Other assets	377,254			329,926
Goodwill
Goodwill	14,462			14,462
Goodwill, period increase (decrease)	0
Intangibles assets, net
Intangible assets, gross	114,230			112,230
Intangible assets, accumulated amortization	(50,312)			(47,687)
Intangibles assets, net	63,918			64,543
Amortization of intangible assets	2,600	2,500
Accrued expenses
Accrued project assets	81,461			91,971
Accrued property, plant and equipment	48,233			42,834
Accrued compensation and benefits	39,625			65,170
Accrued inventory	37,198			39,366
Product warranty liability	20,399			20,291
Other	69,880			91,628
Accrued expenses	296,796			351,260
Other current liabilities
Operating lease liabilities, current	11,824			11,102
Derivative instruments	1,612			2,582
Contingent consideration	200			2,395
Other	8,149			12,051
Other current liabilities	21,785			28,130
Other liabilities
Operating lease liabilities, noncurrent	125,253			112,515
Product warranty liability	104,102			109,506
Other taxes payable	92,519			90,201
Transition tax liability	70,047			70,047
Deferred revenue, noncurrent	69,505			71,438
Derivative instruments	9,544			7,439
Contingent consideration	4,500			4,500
Other	44,017			43,120
Other liabilities	519,487			508,766
COVID-19 [Member]
Accounts receivable, trade, unbilled and retainage
Accounts Receivable Trade, Allowance for credit losses	(2,200)
Accounts receivable, unbilled and retainage, allowance for credit losses	(900)
Allowance for Credit Loss [Abstract]
Accounts Receivable Trade, Allowance for credit losses	(2,200)
Accounts receivable, unbilled and retainage, allowance for credit losses	(900)
Developed Technology [Member]
Intangibles assets, net
Intangible assets, gross	99,964			97,964
Intangible assets, accumulated amortization	(44,712)			(42,344)
Intangibles assets, net	55,252			55,620
Power Purchase Agreements [Member]
Intangibles assets, net
Intangible assets, gross	6,486			6,486
Intangible assets, accumulated amortization	(1,053)			(972)
Intangibles assets, net	5,433			5,514
Patents [Member]
Intangibles assets, net
Intangible assets, gross	7,780			7,780
Intangible assets, accumulated amortization	(4,547)			(4,371)
Intangibles assets, net	3,233			3,409
Modules Segment [Member]
Goodwill
Goodwill, Gross	407,827			407,827
Accumulated impairment loss	(393,365)			(393,365)
Goodwill	14,462			14,462
Goodwill from acquisition	0
Goodwill impairment	0
Credit Facility Agreement [Member]
Prepaid expenses and other current assets
Note Receivable Interest Rate									8.00%
Other assets
Notes receivable - noncurrent	7,700			7,800	€ 7	€ 7
Notes receivable initial available amount \| €									€ 17.5
Property, Plant and Equipment [Member]
Property, plant and equipment, net
Depreciation	47,400	42,900
PV solar power systems [Member]
Property, plant and equipment, net
Depreciation	5,800	3,500
Project Assets [Member]
Capitalized interest
Interest costs capitalized - project assets	315	$ 827
Land [Member]
Property, plant and equipment, net
Property, plant and equipment, gross	14,199			14,241
Building and improvements [Member]
Property, plant and equipment, net
Property, plant and equipment, gross	666,728			664,266
Machinery and equipment [Member]
Property, plant and equipment, net
Property, plant and equipment, gross	2,168,688			2,436,997
Office equipment and furniture [Member]
Property, plant and equipment, net
Property, plant and equipment, gross	154,479			159,848
Leasehold improvements [Member]
Property, plant and equipment, net
Property, plant and equipment, gross	48,744			48,772
Construction in progress [Member]
Property, plant and equipment, net
Property, plant and equipment, gross	319,787			243,107
Clean Energy Collective, LLC [Member]
Prepaid expenses and other current assets
Notes receivable - current				$ 23,900
Note Receivable Interest Rate								16.00%
Convertible Notes Receivable Interest Rate							10.00%
Note receivable, allowance for credit loss			$ 10,800
Note receivable, allowance for credit loss, period increase (decrease)	$ 13,100

6. Derivative Financial Instr_3

6. Derivative Financial Instruments (Details) - Summary - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	$ 2,846	$ 1,199
Prepaid Expenses and Other Current Assets [Member] \| Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	528	226
Prepaid Expenses and Other Current Assets [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	2,318	973
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	746	139
Other Assets [Member] \| Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	746	139
Other Assets [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	0
Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	(1,612)	(2,582)
Other Current Liabilities [Member] \| Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	29	369
Other Current Liabilities [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	1,583	2,213
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	(9,544)	(7,439)
Other Liabilities [Member] \| Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	0	230
Other Liabilities [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	9,544	7,209
Foreign exchange forward contracts [Member] \| Prepaid Expenses and Other Current Assets [Member] \| Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	528	226
Foreign exchange forward contracts [Member] \| Prepaid Expenses and Other Current Assets [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	2,318	973
Foreign exchange forward contracts [Member] \| Other Assets [Member] \| Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	746	139
Foreign exchange forward contracts [Member] \| Other Assets [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	0
Foreign exchange forward contracts [Member] \| Other Current Liabilities [Member] \| Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	29	369
Foreign exchange forward contracts [Member] \| Other Current Liabilities [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	1,108	1,807
Foreign exchange forward contracts [Member] \| Other Liabilities [Member] \| Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	0	230
Foreign exchange forward contracts [Member] \| Other Liabilities [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	0	0
Interest rate swap contract [Member] \| Prepaid Expenses and Other Current Assets [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	0
Interest rate swap contract [Member] \| Other Assets [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	0
Interest rate swap contract [Member] \| Other Current Liabilities [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	475	406
Interest rate swap contract [Member] \| Other Liabilities [Member] \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ 9,544	$ 7,209

6. Derivative Financial Instr_4

6. Derivative Financial Instruments (Details) - Hedging Relationship - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Foreign exchange forward contracts [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Balance in accumulated other comprehensive income (loss)	$ 13	$ 1,298	$ (962)	$ 1,329
Amounts recognized in other comprehensive income (loss)	768	(31)
Foreign exchange forward contracts [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	207
Derivative Instruments, Gain (Loss) Recognized in Income, Amount Excluded from Effectiveness Testing, Net	800
Foreign exchange forward contracts [Member] \| Not Designated as Hedging Instrument [Member] \| Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	106	0
Foreign exchange forward contracts [Member] \| Not Designated as Hedging Instrument [Member] \| Foreign currency gain (loss), net
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(275)	1,900
Interest rate swap contract [Member] \| Not Designated as Hedging Instrument [Member] \| Interest expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (2,404)	$ (5,364)

6. Derivative Financial Instr_5

6. Derivative Financial Instruments (Details) - Risk Management $ in Millions, ¥ in Billions	3 Months Ended	12 Months Ended
	Mar. 31, 2020JPY (¥)	Dec. 31, 2019JPY (¥)	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2017JPY (¥)
Foreign exchange forward contracts [Member]
Derivatives, Fair Value [Line Items]
Maximum length of time hedged in foreign currency cash flow hedge	19 months	22 months
Foreign exchange forward contracts [Member] \| Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months			$ 0.1
Foreign exchange forward contracts [Member] \| Cash Flow Hedging [Member] \| United States of America, Dollars
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount			66.2	$ 69.9
Anamizu Credit Facility \| Interest rate swap contract [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	¥ 1.4	¥ 0.9	12.6	$ 8
Derivative, Basis Spread on Variable Rate		0.70%		0.70%
Derivative fixed interest rate paid on swap		1.1925%		1.1925%
Ishikawa Credit Agreement [Member] \| Interest rate swap contract [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	¥ 18.7	¥ 18.7	$ 173.2	$ 171.7	¥ 5.7
Derivative, Basis Spread on Variable Rate					0.75%
Derivative fixed interest rate paid on swap					1.482%

6. Derivative Financial Instr_6

6. Derivative Financial Instruments (Details) - Transaction Exposure - Foreign exchange forward contracts [Member] - Not Designated as Hedging Instrument [Member] € in Millions, ₨ in Millions, ¥ in Millions, RM in Millions, R$ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions

3 Months Ended

12 Months Ended

Mar. 31, 2020CLP ($)

Dec. 31, 2019CLP ($)

Mar. 31, 2020INR (₨)

Mar. 31, 2020MYR (RM)

Mar. 31, 2020EUR (€)

Mar. 31, 2020BRL (R$)

Mar. 31, 2020MXN ($)

Mar. 31, 2020USD ($)

Mar. 31, 2020JPY (¥)

Mar. 31, 2020AUD ($)

Mar. 31, 2020SGD ($)

Mar. 31, 2020CAD ($)

Dec. 31, 2019INR (₨)

Dec. 31, 2019MYR (RM)

Dec. 31, 2019EUR (€)

Dec. 31, 2019BRL (R$)

Dec. 31, 2019MXN ($)

Dec. 31, 2019USD ($)

Dec. 31, 2019JPY (¥)

Dec. 31, 2019AUD ($)

Dec. 31, 2019SGD ($)

Dec. 31, 2019CAD ($)

Australia, Dollars

Derivative [Line Items]

Derivative, Currency Bought

Australian dollar

Derivative, Currency Sold

Australian dollar

Brazil, Brazil Real

Derivative [Line Items]

Derivative, Currency Bought

Brazilian real

Derivative, Currency Sold

Brazilian real

Canada, Dollars

Derivative [Line Items]

Derivative, Currency Bought

Canadian dollar

Derivative, Currency Sold

Canadian dollar

Chile, Pesos

Derivative [Line Items]

Derivative, Currency Bought

Chilean peso

Derivative, Currency Sold

Chilean peso

Euro Member Countries, Euro

Derivative [Line Items]

Derivative, Currency Bought

Euro

Derivative, Currency Sold

Euro

India, Rupees

Derivative [Line Items]

Derivative, Currency Bought

Indian rupee

Derivative, Currency Sold

Indian rupee

Japan, Yen

Derivative [Line Items]

Derivative, Currency Bought

Japanese yen

Derivative, Currency Sold

Japanese yen

Malaysia, Ringgits

Derivative [Line Items]

Derivative, Currency Bought

Malaysian ringgit

Derivative, Currency Sold

Malaysian ringgit

Mexico, Pesos

Derivative [Line Items]

Derivative, Currency Sold

Mexican peso

Singapore, Dollars

Derivative [Line Items]

Derivative, Currency Bought

Singapore dollar

Long [Member] | Australia, Dollars

Derivative [Line Items]

Derivative, Notional Amount

$ 9

$ 14.6

$ 10.4

$ 14.9

Long [Member] | Brazil, Brazil Real

Derivative [Line Items]

Derivative, Notional Amount

R$ 2.6

0.5

R$ 13.2

3.3

Long [Member] | Canada, Dollars

Derivative [Line Items]

Derivative, Notional Amount

3.4

$ 4.5

Long [Member] | Chile, Pesos

Derivative [Line Items]

Derivative, Notional Amount

$ 1,493.1

Long [Member] | Euro Member Countries, Euro

Derivative [Line Items]

Derivative, Notional Amount

€ 88.3

97.4

€ 86.1

96.5

Long [Member] | India, Rupees

Derivative [Line Items]

Derivative, Notional Amount

₨ 470.9

6.2

Long [Member] | Japan, Yen

Derivative [Line Items]

Derivative, Notional Amount

23.1

¥ 2,496.3

33.3

¥ 3,625.5

Long [Member] | Malaysia, Ringgits

Derivative [Line Items]

Derivative, Notional Amount

RM 89.1

20.5

RM 88.6

21.6

Long [Member] | Singapore, Dollars

Derivative [Line Items]

Derivative, Notional Amount

$ 2.9

2.2

$ 2.9

Short [Member] | Australia, Dollars

Derivative [Line Items]

Derivative, Notional Amount

7.4

$ 12.1

7.8

$ 11.1

Short [Member] | Brazil, Brazil Real

Derivative [Line Items]

Derivative, Notional Amount

R$ 4.3

0.8

R$ 4.3

1.1

Short [Member] | Canada, Dollars

Derivative [Line Items]

Derivative, Notional Amount

$ 4.3

1.2

$ 1.6

Short [Member] | Chile, Pesos

Derivative [Line Items]

Derivative, Notional Amount

$ 3,679.1

$ 3,866.1

4.3

5.1

Short [Member] | Euro Member Countries, Euro

Derivative [Line Items]

Derivative, Notional Amount

€ 47.4

52.3

€ 116.3

130.3

Short [Member] | India, Rupees

Derivative [Line Items]

Derivative, Notional Amount

₨ 1,349.2

17.8

₨ 1,283.8

Short [Member] | Japan, Yen

Derivative [Line Items]

Derivative, Notional Amount

213.1

¥ 22,990.4

212.2

¥ 23,089.5

Short [Member] | Malaysia, Ringgits

Derivative [Line Items]

Derivative, Notional Amount

RM 36.3

8.4

RM 41.3

10.1

Short [Member] | Mexico, Pesos

Derivative [Line Items]

Derivative, Notional Amount

$ 34.6

$ 1.4

$ 34.6

$ 1.8

7. Leases (Details)

7. Leases (Details) - USD ($) $ in Thousands	3 Months Ended
7. Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Leases [Abstract]
Operating lease cost	$ 4,178	$ 5,283
Variable lease cost	666	749
Short-term lease cost	961	2,842
Total lease cost	5,805	8,874
Payments of amounts included in the measurement of operating lease liabilities	4,897	4,947
Lease assets obtained in exchange for operating lease liabilities	17,576	$ 149,631
Operating lease assets	160,749		$ 145,711
Operating lease liabilities, current	11,824		11,102
Operating lease liabilities, noncurrent	$ 125,253		$ 112,515
Weighted-average remaining lease term	16 years		15 years
Weighted-average discount rate	4.00%		4.30%
Operating lease liabilities, future payments, remainder of 2020	$ 11,534
Operating lease liabilities, future payments, due 2021	15,473
Operating lease liabilities, future payments, due 2022	14,507
Operating lease liabilities, future payments, due 2023	14,017
Operating lease liabilities, future payments, due 2024	13,731
Operating lease liabilities, future payments, due after 2024	108,763
Total future payments	178,025
Less: interest	(40,948)
Total lease liabilities	$ 137,077

8. Fair Value Measurements (Det

8. Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets:
Marketable securities	$ 579,340	$ 811,506
Restricted marketable securities	246,410	223,785
Foreign debt [Member]
Assets:
Marketable securities	292,569	387,820
Foreign government obligations [Member]
Assets:
Marketable securities	0	22,011
U.S debt [Member]
Assets:
Marketable securities	54,567	66,134
Time deposits [Member]
Assets:
Marketable securities	232,204	335,541
Fair Value, Recurring [Member]
Assets:
Restricted marketable securities	246,410	223,785
Derivative assets	3,592	1,338
Total assets	829,683	1,043,951
Liabilities:
Derivative liabilities	11,156	10,021
Fair Value, Recurring [Member] \| Foreign debt [Member]
Assets:
Marketable securities	292,569	387,820
Fair Value, Recurring [Member] \| Foreign government obligations [Member]
Assets:
Marketable securities		22,011
Fair Value, Recurring [Member] \| U.S debt [Member]
Assets:
Marketable securities	54,567	66,134
Fair Value, Recurring [Member] \| Time deposits [Member]
Assets:
Marketable securities	232,204	335,541
Fair Value, Recurring [Member] \| Money Market Funds [Member]
Assets:
Cash equivalents	341	7,322
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Assets:
Restricted marketable securities	0	0
Derivative assets	0	0
Total assets	232,545	342,863
Liabilities:
Derivative liabilities	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Foreign debt [Member]
Assets:
Marketable securities	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Foreign government obligations [Member]
Assets:
Marketable securities		0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| U.S debt [Member]
Assets:
Marketable securities	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Time deposits [Member]
Assets:
Marketable securities	232,204	335,541
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Money Market Funds [Member]
Assets:
Cash equivalents	341	7,322
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Assets:
Restricted marketable securities	246,410	223,785
Derivative assets	3,592	1,338
Total assets	597,138	701,088
Liabilities:
Derivative liabilities	11,156	10,021
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Foreign debt [Member]
Assets:
Marketable securities	292,569	387,820
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Foreign government obligations [Member]
Assets:
Marketable securities		22,011
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| U.S debt [Member]
Assets:
Marketable securities	54,567	66,134
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Time deposits [Member]
Assets:
Marketable securities	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Money Market Funds [Member]
Assets:
Cash equivalents	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Assets:
Restricted marketable securities	0	0
Derivative assets	0	0
Total assets	0	0
Liabilities:
Derivative liabilities	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member] \| Foreign debt [Member]
Assets:
Marketable securities	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member] \| Foreign government obligations [Member]
Assets:
Marketable securities		0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member] \| U.S debt [Member]
Assets:
Marketable securities	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member] \| Time deposits [Member]
Assets:
Marketable securities	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member] \| Money Market Funds [Member]
Assets:
Cash equivalents	$ 0	$ 0

8. Fair Value Measurements (D_2

8. Fair Value Measurements (Details) - Balance Sheet Grouping - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Notes receivable - current	$ 0	$ 23,873
Notes receivable - noncurrent	8,071	8,194
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Long-term debt, including current maturities	483,395
Reported Value Measurement [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Notes receivable - current	0	23,873
Notes receivable - noncurrent	8,071	8,194
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Long-term debt, including current maturities	483,395	482,892
Estimate of Fair Value Measurement [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Notes receivable - current	0	24,929
Notes receivable - noncurrent	8,699	10,276
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Long-term debt, including current maturities	$ 458,336	$ 504,213

9. Debt (Details)

9. Debt (Details) $ in Thousands, ₨ in Billions, ¥ in Billions	3 Months Ended
	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2019JPY (¥)	Mar. 31, 2018INR (₨)	Mar. 31, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2017JPY (¥)	Dec. 31, 2016USD ($)	Dec. 31, 2016JPY (¥)	Sep. 30, 2015USD ($)	Sep. 30, 2015JPY (¥)
Long-term Debt [Abstract]
Long-term debt, gross	$ 483,395	$ 482,892
Less: unamortized discount and issuance costs	(11,000)	(11,195)
Total long-term debt	472,395	471,697
Less current portion	(81,807)	(17,510)
Noncurrent portion	390,588	454,187
Long-term Debt, Fiscal Year Maturity [Abstract]
Long-term Debt, Maturities, Repayments of Principal in Remainder of Fiscal Year	17,767
Long-term Debt, Maturities, Repayments of Principal in Year Two	77,917
Long-term Debt, Maturities, Repayments of Principal in Year Three	19,401
Long-term Debt, Maturities, Repayments of Principal in Year Four	18,393
Long-term Debt, Maturities, Repayments of Principal in Year Five	19,321
Long-term Debt, Maturities, Repayments of Principal after Year Five	330,596
Total long-term debt future principal payments	$ 483,395
Revolving Credit Facility [Member]
Long-term Debt [Abstract]
Debt instrument, currency	USD
Revolving credit facility	$ 0	0
Line of Credit Facility, Current Borrowing Capacity	500,000
Line of Credit Facility, Maximum Borrowing Capacity	750,000
Letters of Credit Outstanding, Amount	$ 14,200	39,300
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.30%
Fronting fee	0.125%
Debt Instrument, Interest Rate, Stated Percentage	2.99%
Debt Instrument, Description of Variable Rate Basis	Borrowings under the credit facility bear interest at (i) London Interbank Offered Rate (“LIBOR”), adjusted for Eurocurrency reserve requirements, plus a margin of 2.00% or (ii) a base rate as defined in the credit agreement plus a margin of 1.00% depending on the type of borrowing requested.
Revolving Credit Facility [Member] \| Minimum [Member]
Long-term Debt [Abstract]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Revolving Credit Facility [Member] \| Maximum [Member]
Long-term Debt [Abstract]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Luz del Norte Credit Facilities [Member]
Long-term Debt [Abstract]
Debt instrument, currency	USD
Long-term debt, gross	$ 187,958	188,017
Luz del Norte Credit Facilities [Member] \| DFC [Member] \| Parque Solar Fotovoltaico Luz del Norte SpA [Member]
Long-term Debt [Abstract]
Long-term debt, gross	140,800	140,800
Luz del Norte Credit Facilities [Member] \| IFC [Member] \| Parque Solar Fotovoltaico Luz del Norte SpA [Member]
Long-term Debt [Abstract]
Long-term debt, gross	$ 47,200	47,200
Luz del Norte Credit Facilities [Member] \| DFC and IFC [Member]
Long-term Debt [Abstract]
Debt Instrument, Description of Fixed Rate Basis	Fixed rate loans at bank rate plus 3.50%
Debt Instrument, Description of Variable Rate Basis	Variable rate loans at 91-Day U.S. Treasury Bill Yield or LIBOR plus 3.50%
Debt Instrument, Basis Spread on Fixed Rate	3.50%
Debt Instrument, Basis Spread on Variable Rate	3.50%
Luz del Norte Credit Facilities [Member] \| Fixed Rate Term Loan [Member] \| DFC and IFC [Member] \| Parque Solar Fotovoltaico Luz del Norte SpA [Member]
Long-term Debt [Abstract]
Long-term debt, gross	$ 152,200
Luz del Norte Credit Facilities [Member] \| Variable Rate Term Loan [Member] \| DFC and IFC [Member] \| Parque Solar Fotovoltaico Luz del Norte SpA [Member]
Long-term Debt [Abstract]
Long-term debt, gross	$ 35,800
Ishikawa Credit Agreement [Member]
Long-term Debt [Abstract]
Debt instrument, currency	JPY
Long-term debt, gross	$ 217,811	215,879
Ishikawa Credit Agreement [Member] \| Mizuho Bank [Member] \| FS Japan Project 12 GK [Member]
Long-term Debt [Abstract]
Long-term debt, gross	$ 217,800	215,900
Line of Credit Facility, Current Borrowing Capacity								$ 233,900	¥ 27.3
Ishikawa Credit Agreement [Member] \| Senior Loan Facility [Member] \| Mizuho Bank [Member]
Long-term Debt [Abstract]
Debt Instrument, Description of Variable Rate Basis	Senior loan facility at 6-month TIBOR plus 0.75% (2)
Debt Instrument, Basis Spread on Variable Rate	0.75%
Ishikawa Credit Agreement [Member] \| Senior Loan Facility [Member] \| Mizuho Bank [Member] \| FS Japan Project 12 GK [Member]
Long-term Debt [Abstract]
Line of Credit Facility, Current Borrowing Capacity								205,600	24
Ishikawa Credit Agreement [Member] \| Consumption Tax Facility [Member] \| Mizuho Bank [Member]
Long-term Debt [Abstract]
Debt Instrument, Description of Variable Rate Basis	Consumption tax facility at 3-month TIBOR plus 0.5%
Debt Instrument, Basis Spread on Variable Rate	0.50%
Ishikawa Credit Agreement [Member] \| Consumption Tax Facility [Member] \| Mizuho Bank [Member] \| FS Japan Project 12 GK [Member]
Long-term Debt [Abstract]
Line of Credit Facility, Current Borrowing Capacity								18,000	2.1
Ishikawa Credit Agreement [Member] \| Letter of Credit Facility [Member] \| Mizuho Bank [Member] \| FS Japan Project 12 GK [Member]
Long-term Debt [Abstract]
Line of Credit Facility, Current Borrowing Capacity								$ 10,300	¥ 1.2
Japan Credit Facility [Member]
Long-term Debt [Abstract]
Debt instrument, currency	JPY
Long-term debt, gross	$ 1,693	1,678
Japan Credit Facility [Member] \| Mizuho Bank [Member]
Long-term Debt [Abstract]
Debt Instrument, Description of Variable Rate Basis	1-month TIBOR plus 0.55%
Debt Instrument, Basis Spread on Variable Rate	0.55%
Japan Credit Facility [Member] \| Mizuho Bank [Member] \| First Solar Japan GK [Member]
Long-term Debt [Abstract]
Long-term debt, gross	$ 1,700	1,700
Line of Credit Facility, Current Borrowing Capacity										$ 33,400	¥ 4
Tochigi Credit Facility [Member]
Long-term Debt [Abstract]
Debt instrument, currency	JPY
Long-term debt, gross	$ 37,638	37,304
Tochigi Credit Facility [Member] \| Mizuho Bank [Member]
Long-term Debt [Abstract]
Debt Instrument, Description of Variable Rate Basis	3-month TIBOR plus 1.0%
Debt Instrument, Basis Spread on Variable Rate	1.00%
Tochigi Credit Facility [Member] \| Mizuho Bank [Member] \| First Solar Japan GK [Member]
Long-term Debt [Abstract]
Long-term debt, gross	$ 37,600	37,300
Line of Credit Facility, Current Borrowing Capacity						$ 62,200	¥ 7
Anamizu Credit Facility
Long-term Debt [Abstract]
Debt instrument, currency	JPY
Long-term debt, gross	$ 12,246	12,138
Anamizu Credit Facility \| MUFG Bank, Ltd.; The Iyo Bank, Ltd.; The Hachijuni Bank, Ltd.; The Hyakugo Bank, Ltd.; and The Yamagata Bank, Ltd. [Member] \| FS Japan Project 31 GK [Member]
Long-term Debt [Abstract]
Long-term debt, gross	$ 12,200	12,100
Line of Credit Facility, Current Borrowing Capacity		70,800	¥ 7.7
Anamizu Credit Facility \| Consumption Tax Facility [Member] \| MUFG Bank, Ltd.; The Iyo Bank, Ltd.; The Hachijuni Bank, Ltd.; The Hyakugo Bank, Ltd.; and The Yamagata Bank, Ltd. [Member]
Long-term Debt [Abstract]
Debt Instrument, Description of Variable Rate Basis	Consumption tax facility at 3-month TIBOR plus 0.5%
Debt Instrument, Basis Spread on Variable Rate	0.50%
Anamizu Credit Facility \| Consumption Tax Facility [Member] \| MUFG Bank, Ltd.; The Iyo Bank, Ltd.; The Hachijuni Bank, Ltd.; The Hyakugo Bank, Ltd.; and The Yamagata Bank, Ltd. [Member] \| FS Japan Project 31 GK [Member]
Long-term Debt [Abstract]
Line of Credit Facility, Current Borrowing Capacity		6,500	0.7
Anamizu Credit Facility \| Term Loan Facility [Member] \| MUFG Bank, Ltd.; The Iyo Bank, Ltd.; The Hachijuni Bank, Ltd.; The Hyakugo Bank, Ltd.; and The Yamagata Bank, Ltd. [Member]
Long-term Debt [Abstract]
Debt Instrument, Description of Variable Rate Basis	Term loan facility at 6-month TIBOR plus 0.70% (2)
Debt Instrument, Basis Spread on Variable Rate	0.70%
Anamizu Credit Facility \| Term Loan Facility [Member] \| MUFG Bank, Ltd.; The Iyo Bank, Ltd.; The Hachijuni Bank, Ltd.; The Hyakugo Bank, Ltd.; and The Yamagata Bank, Ltd. [Member] \| FS Japan Project 31 GK [Member]
Long-term Debt [Abstract]
Line of Credit Facility, Current Borrowing Capacity		61,000	6.6
Anamizu Credit Facility \| Debt Service Reserve Facility \| MUFG Bank, Ltd.; The Iyo Bank, Ltd.; The Hachijuni Bank, Ltd.; The Hyakugo Bank, Ltd.; and The Yamagata Bank, Ltd. [Member]
Long-term Debt [Abstract]
Debt Instrument, Description of Variable Rate Basis	Debt service reserve facility at 6-month TIBOR plus 1.20%
Debt Instrument, Basis Spread on Variable Rate	1.20%
Anamizu Credit Facility \| Debt Service Reserve Facility \| MUFG Bank, Ltd.; The Iyo Bank, Ltd.; The Hachijuni Bank, Ltd.; The Hyakugo Bank, Ltd.; and The Yamagata Bank, Ltd. [Member] \| FS Japan Project 31 GK [Member]
Long-term Debt [Abstract]
Line of Credit Facility, Current Borrowing Capacity		3,300	¥ 0.4
Anantapur Credit Facility [Member]
Long-term Debt [Abstract]
Debt instrument, currency	INR
Long-term debt, gross	$ 14,010	15,123
Anantapur Credit Facility [Member] \| J.P. Morgan Securities India Private Limited [Member]
Long-term Debt [Abstract]
Debt Instrument, Description of Variable Rate Basis	INR overnight indexed swap rate plus 1.5%
Debt Instrument, Basis Spread on Variable Rate	1.50%
Anantapur Credit Facility [Member] \| J.P. Morgan Securities India Private Limited [Member] \| Anantapur Solar Parks Private Limited [Member]
Long-term Debt [Abstract]
Long-term debt, gross	$ 14,000	15,100
Line of Credit Facility, Current Borrowing Capacity				₨ 1.2	$ 18,400
Tungabhadra Credit Facility [Member]
Long-term Debt [Abstract]
Debt instrument, currency	INR
Long-term debt, gross	$ 12,039	12,753
Tungabhadra Credit Facility [Member] \| J.P. Morgan Securities India Private Limited [Member]
Long-term Debt [Abstract]
Debt Instrument, Description of Variable Rate Basis	INR overnight indexed swap rate plus 1.5%
Debt Instrument, Basis Spread on Variable Rate	1.50%
Tungabhadra Credit Facility [Member] \| J.P. Morgan Securities India Private Limited [Member] \| Tungabhadra Solar Parks Private Limited [Member]
Long-term Debt [Abstract]
Long-term debt, gross	$ 12,000	$ 12,800
Line of Credit Facility, Current Borrowing Capacity				₨ 1	$ 15,300

10. Commitments and Contingen_3

10. Commitments and Contingencies (Details) - Commercial Commitments - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Bank Guarantees and Letters of Credit	$ 9.9
Surety Bonds	89
Surety Bond Capacity	626.4
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Letter of Credit Sub-Limit	400
Letters of Credit Outstanding, Amount	14.2	$ 39.3
Letters of Credit, Remaining Borrowing Capacity	385.8
Bilateral Facilities [Member]
Debt Instrument [Line Items]
Letters of Credit Outstanding, Amount	148.8
Letters of Credit Outstanding, Secured by Cash	30
Bilateral Facilities, Bank Guarantees and Letter of Credit [Member]
Debt Instrument [Line Items]
Letters of Credit, Remaining Borrowing Capacity	$ 614.9

10. Commitments and Contingen_4

10. Commitments and Contingencies (Details) - Product Warranties - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Movement in Standard Product Warranty Accrual [Roll Forward]
Product warranty liability, beginning of period	$ 129,797	$ 220,692
Accruals for new warranties issued	2,285	5,116
Settlements	(6,562)	(3,078)
Changes in estimate of product warranty liability	(1,019)	(5,489)
Product warranty liability, end of period	124,501	217,241
Current portion of warranty liability	20,399	31,013
Noncurrent portion of warranty liability	$ 104,102	$ 186,228
Estimated Rate of Return for Module Warranty	1.00%
Percentage Point Change in Estimated Rate of Return of Module Warranty	1.00%
Estimated Change in Module Warranty from Sensitivity Analysis	$ 94,500
Percentage Point Change in Estimated Rate of Return of Balance of Systems Warranty	1.00%

10. Commitments and Contingen_5

10. Commitments and Contingencies (Details) - Performance Guarantees - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Energy Performance Testing Liability	$ 5.1	$ 4.6
Effective Availability Guarantee Liability	$ 0.5	$ 0.6

10. Commitments and Contingen_6

10. Commitments and Contingencies (Details) - Indemnifications - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Indemnification liabilities, current		$ 0.8
Indemnification liabilities, noncurrent	$ 4.2	$ 4.2
Indemnification liabilities, maximum exposure	152.8
Indemnification liabilities, potential insurance recoveries	$ 84.9

10. Commitments and Contingen_7

10. Commitments and Contingencies (Details) - Contingent Consideration - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Project Acquisition, Contingent Consideration Liability, Current	$ 0.2	$ 2.4
Project Acquisition, Contingent Consideration Liability, Noncurrent	$ 4.5	$ 4.5

10. Commitments and Contingen_8

10. Commitments and Contingencies (Details) - Solar Module Collection and Recycling Liability - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Accrued solar module collection and recycling liability	$ 138,009	$ 137,761
Percentage increase in annualized inflation rate	1.00%
Estimated increase in solar module collection recycling liability from sensitivity analysis	$ 25,400
Percentage decrease in annualized inflation rate	1.00%
Estimated decrease in solar module collection recycling liability from sensitivity analysis	$ 22,300

10. Commitments and Contingen_9

10. Commitments and Contingencies (Details) - Legal proceedings - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Estimated Litigation Liability [Line Items]
Accrued litigation	$ 13,000	$ 363,000
Class Action [Member]
Estimated Litigation Liability [Line Items]
Accrued litigation		350,000
Payments for Legal Settlements	350,000
Opt-Out Action [Member]
Estimated Litigation Liability [Line Items]
Accrued litigation	$ 13,000	$ 13,000

11. Revenue from Contracts wi_3

11. Revenue from Contracts with Customers (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)Projects	Mar. 31, 2019USD ($)Projects	Dec. 31, 2019USD ($)
Revenue from Contracts with Customers [Line Items]
Net sales	$ 532,124	$ 531,978
Project Change in Estimate Disclosure Threshold	$ 1,000
Number of Projects with Changes in Estimates \| Projects	2	8
(Decrease) increase in Revenue from Net Changes in Transaction Prices	$ (762)	$ 6,114
Increase (decrease) in Revenue from Net Changes in Input Cost Estimates	1,885	(15,950)
Net Increase (Decrease) in Revenue from Net Changes in Estimates	$ 1,123	$ (9,836)
Net Change in Estimate as a Percentage of Aggregate Revenue	0.30%	(0.50%)
Accounts receivable, unbilled	$ 109,054		$ 162,057
Retainage	25,577		21,416
Accounts receivable, unbilled and retainage, allowance for credit losses	(1,223)		0
Accounts receivable, unbilled and retainage, net	133,408		183,473
Contract Asset, Net Change	$ (50,065)
Contract Asset, Percent Change	(27.00%)
Deferred Revenue	$ 206,503		394,655
Contract Liability, Net Change	$ (188,152)
Contract Liability, Percent Change	(48.00%)
Unbilled Receivables, Noncurrent	$ 12,300
Deferred Revenue, Noncurrent	69,505		$ 71,438
Sales Revenue Net, from Beginning Contract Liability	268,200	$ 46,700
Solar Modules [Member]
Revenue from Contracts with Customers [Line Items]
Net sales	393,681	198,815
Remaining Performance Obligation, Transaction Price	3,700,000
Solar Power Systems [Member]
Revenue from Contracts with Customers [Line Items]
Net sales	90,076	157,294
Remaining Performance Obligation, Transaction Price	$ 45,200
Solar Power Systems [Member] \| GA Solar 4
Revenue from Contracts with Customers [Line Items]
Remaining Performance Obligations, Percent of Revenue Recognized	89.00%
Solar Power Systems [Member] \| Sun Streams
Revenue from Contracts with Customers [Line Items]
Remaining Performance Obligations, Percent of Revenue Recognized	96.00%
Solar Power Systems [Member] \| Sunshine Valley
Revenue from Contracts with Customers [Line Items]
Remaining Performance Obligations, Percent of Revenue Recognized	97.00%
Solar Power Systems [Member] \| Seabrook
Revenue from Contracts with Customers [Line Items]
Remaining Performance Obligations, Percent of Revenue Recognized	97.00%
EPC Services [Member]
Revenue from Contracts with Customers [Line Items]
Net sales	$ 919	137,594
O&M Services [Member]
Revenue from Contracts with Customers [Line Items]
Net sales	29,475	27,700
Remaining Performance Obligation, Transaction Price	$ 400,000
O&M Services [Member] \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01
Revenue from Contracts with Customers [Line Items]
Revenue, Remaining Performance Obligation, Period of Recognition	9 years 3 months 18 days
Energy Generation [Member]
Revenue from Contracts with Customers [Line Items]
Net sales	$ 17,973	$ 10,575

12. Share-Based Compensation (D

12. Share-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	$ 7,204	$ 5,019
Employee service share-based compensation, capitalized in inventory	1,300		$ 1,200
Restricted and performance stock units [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized	$ 48,800
Employee service share-based compensation, unrecognized compensation costs on nonvested awards, weighted average period of recognition (in years)	1 year 9 months 18 days
Cost of sales [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	$ 1,212	1,840
Selling, general and administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	4,709	2,338
Research and development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	$ 1,283	$ 841

13. Income Taxes (Details)

13. Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
13. Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Effective income tax rate	(5657.00%)	2.00%
Statutory U.S. federal tax rate	21.00%
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 58.6

14. Net Income (Loss) Per Sha_3

14. Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Net income (loss)	$ 90,704	$ (67,599)
Weighted-average common shares outstanding	105,595	105,046
Effect of restricted and performance stock units and stock purchase plan shares	791	0
Weighted-average shares used in computing diluted net (loss) income per share	106,386	105,046
Net income (loss) per share, basic	$ 0.86	$ (0.64)
Net income (loss) per share, diluted	$ 0.85	$ (0.64)
Anti-dilutive shares	0	864

15. Accumulated Other Compreh_3

15. Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Stockholders' equity, beginning balance	$ 5,096,767	$ 5,212,403
Amounts reclassified from accumulated other comprehensive loss	(14,881)	(15,016)
Net other comprehensive (loss) income	(4,316)	(4,547)
Stockholders' equity, ending balance	5,168,622	5,129,161
Other (expense) income, net	(2,222)	3,509
Cost of sales	441,786	531,866
(Loss) income before taxes and equity in earnings	1,577	(68,820)
Total amount reclassified	14,881	15,016
Foreign Currency Translation Adjustment [Member]
Stockholders' equity, beginning balance	(73,429)
Other comprehensive (loss) income before reclassifications	(8,064)
Amounts reclassified from accumulated other comprehensive loss	0
Net tax effect	0
Net other comprehensive (loss) income	(8,064)
Stockholders' equity, ending balance	(81,493)
Total amount reclassified	0
Unrealized Gain (Loss) on Marketable Securities and Restricted Marketable Securities [Member]
Stockholders' equity, beginning balance	(5,029)
Other comprehensive (loss) income before reclassifications	17,551
Amounts reclassified from accumulated other comprehensive loss	(15,088)
Net tax effect	389
Net other comprehensive (loss) income	2,852
Stockholders' equity, ending balance	(2,177)
Total amount reclassified	15,088
Unrealized Gain (Loss) on Marketable Securities and Restricted Marketable Securities [Member] \| Reclassification out of Accumulated Other Comprehensive Loss [Member]
Other (expense) income, net	15,088	15,016
Unrealized Gain (Loss) on Derivative Instruments [Member]
Stockholders' equity, beginning balance	(876)
Other comprehensive (loss) income before reclassifications	768
Amounts reclassified from accumulated other comprehensive loss	207
Net tax effect	(79)
Net other comprehensive (loss) income	896
Stockholders' equity, ending balance	20
Total amount reclassified	(207)
Unrealized Gain (Loss) on Derivative Instruments [Member] \| Reclassification out of Accumulated Other Comprehensive Loss [Member]
(Loss) income before taxes and equity in earnings	(207)	0
Total, Accumulated Other Comprehensive (Loss) Income [Member]
Stockholders' equity, beginning balance	(79,334)	(54,466)
Other comprehensive (loss) income before reclassifications	10,255
Amounts reclassified from accumulated other comprehensive loss	(14,881)
Net tax effect	310
Net other comprehensive (loss) income	(4,316)	(4,547)
Stockholders' equity, ending balance	(83,650)	(59,013)
Total amount reclassified	14,881
Foreign exchange forward contracts [Member] \| Unrealized Gain (Loss) on Derivative Instruments [Member] \| Reclassification out of Accumulated Other Comprehensive Loss [Member]
Cost of sales	$ (207)	$ 0

16. Segment Reporting (Details)

16. Segment Reporting (Details) $ in Thousands	3 Months Ended
16. Segment Reporting (Details) $ in Thousands	Mar. 31, 2020USD ($)segments	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| segments	2
Net sales	$ 532,124	$ 531,978
Gross profit (loss)	90,338	112
Depreciation and amortization expense	50,931	43,794
Goodwill	14,462		$ 14,462
Modules Segment [Member]
Segment Reporting Information [Line Items]
Net sales	393,681	198,815
Gross profit (loss)	75,352	(24,996)
Depreciation and amortization expense	44,673	39,535
Goodwill	14,462		14,462
Systems Segment [Member]
Segment Reporting Information [Line Items]
Net sales	138,443	333,163
Gross profit (loss)	14,986	25,108
Depreciation and amortization expense	6,258	$ 4,259
Goodwill	$ 0		$ 0