Commenting on the results, Mr. Hughes said, "Despite continued uncertainties and over-supply conditions in the market, we delivered another strong quarterly performance." 

The filing had used the background of the US tariffs as additional proof, strengthening the already established cause of the bankruptcy resulting from low price and overflow of modules from China

Faced with all those factors, activities on balance sheets see more debt increases. Thankfully, the majority of the quarterly losses had limited cash-draining impacts

GCL’s revenues have fallen by 22.4% from $1.95B in H1-2011 to $1.528B in H2-2012, while the company has gone from making a profit of $457M to a loss of $42.5M

The true cost of c-Si modules is hard to define. There are a multitude of numbers floating around from various companies and analysts. 

Strong project business shields First Solar from the loss