FIRST SOLAR, INC. | 2013 | FY | 3

Prepaid expenses and other current assets consisted of the following at December 31, 2013 and 2012 (in thousands):
 
 
2013
 
2012
Prepaid expenses
 
$
24,572

 
$
39,582

Derivative instruments 
 
7,996

 
7,230

Deferred costs of goods sold
 
753

 
96,337

Other current assets
 
61,399

 
64,219

Prepaid expenses and other current assets
 
$
94,720

 
$
207,368



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