10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2011 | |||
Consolidated Statements Of Operations | |||
Period Ending Dec 31, 2011 10-K/A (Amendment Filed: Mar 28, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Revenues | |||
| Automotive sales | $ 148,568 | 97,078 | 111,943 |
| Development services | 55,674 | 19,666 | |
| Total revenues | 204,242 | 116,744 | 111,943 |
| Cost of revenues | |||
| Automotive sales | 115,482 | 79,982 | 102,408 |
| Development services | 27,165 | 6,031 | |
| Total cost of revenues | 142,647 | 86,013 | 102,408 |
| Gross profit | 61,595 | 30,731 | 9,535 |
| Operating expenses | |||
| Research and development (net of development compensation of $23,249 for the year ended December 31, 2009) | 208,981 | 92,996 | 19,282 |
| Selling, general and administrative | 104,102 | 84,573 | 42,150 |
| Total operating expenses | 313,083 | 177,569 | 61,432 |
| Loss from operations | (251,488) | (146,838) | (51,897) |
| Interest income | 255 | 258 | 159 |
| Interest expense | (43) | (992) | (2,531) |
| Other expense, net | (2,646) | (6,583) | (1,445) |
| Loss before income taxes | (253,922) | (154,155) | (55,714) |
| Provision for income taxes | 489 | 173 | 26 |
| Net loss | (254,411) | (154,328) | (55,740) |
| Net loss per share of common stock, basic and diluted | (2.53) | (3.04) | (7.94) |
| Weighted average shares used in computing net loss per share of common stock, basic and diluted | 100,388,815 | 50,718,302 | 7,021,963 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2011 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2011 10-K/A (Amendment Filed: Mar 28, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash Flows From Operating Activities | |||
| Net loss | $ (254,411) | (154,328) | (55,740) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 16,919 | 10,623 | 6,940 |
| Change in fair value of warrant liabilities | 2,750 | 5,022 | 1,128 |
| Gain on extinguishment of convertible notes and warrants | (1,468) | ||
| Discounts and premiums on short-term marketable securities | (112) | ||
| Stock-based compensation | 29,419 | 21,156 | 1,434 |
| Excess tax benefits from stock-based compensation | (74) | ||
| Loss on abandonment of fixed assets | 345 | 8 | 385 |
| Inventory write-downs | 1,828 | 951 | 1,353 |
| Interest on convertible notes | 2,686 | ||
| Changes in operating assets and liabilities | |||
| Accounts receivable | (2,829) | (3,222) | (168) |
| Inventories and operating lease vehicles | (13,638) | (28,513) | (7,925) |
| Prepaid expenses and other current assets | (248) | (4,977) | (2,042) |
| Other assets | (288) | (463) | (445) |
| Accounts payable | 31,859 | (212) | 902 |
| Accrued liabilities | 12,321 | 13,345 | 3,387 |
| Deferred development compensation | (156) | (10,017) | |
| Deferred revenue | (1,927) | 4,801 | (1,456) |
| Reservation payments | 61,006 | 4,707 | (21,971) |
| Other long-term liabilities | 2,641 | 3,515 | 2,192 |
| Net cash used in operating activities | (114,364) | (127,817) | (80,825) |
| Cash Flows From Investing Activities | |||
| Purchases of marketable securities | (64,952) | ||
| Maturities of short-term marketable securities | 40,000 | ||
| Payments related to acquisition of Fremont manufacturing facility and related assets | (65,210) | ||
| Purchases of property and equipment excluding capital leases | (197,896) | (40,203) | (11,884) |
| Withdrawals out of (transfers into) our dedicated Department of Energy account, net | 50,121 | (73,597) | |
| Increase in other restricted cash | (3,201) | (1,287) | (2,360) |
| Net cash used in investing activities | (175,928) | (180,297) | (14,244) |
| Cash Flows From Financing Activities | |||
| Proceeds from issuance of common stock in public offerings | 172,410 | 188,842 | |
| Proceeds from issuance of common stock in private placements | 59,058 | 80,000 | |
| Principal payments on capital leases and other debt | (416) | (315) | (322) |
| Proceeds from long-term debt and other long-term liabilities | 204,423 | 71,828 | |
| Proceeds from issuance of convertible notes and warrants | 25,468 | ||
| Proceeds from exercise of stock options and other stock issuances | 10,525 | 1,350 | 497 |
| Excess tax benefits from stock-based compensation | 74 | ||
| Deferred common stock and loan facility issuance costs | (3,734) | (2,046) | |
| Net cash provided by financing activities | 446,000 | 338,045 | 155,419 |
| Net increase in cash and cash equivalents | 155,708 | 29,931 | 60,350 |
| Cash and cash equivalents at beginning of period | 99,558 | 69,627 | |
| Cash and cash equivalents at end of period | 255,266 | 99,558 | 69,627 |
| Supplemental Disclosures | |||
| Interest paid | 3,472 | 1,138 | 70 |
| Income taxes paid | 282 | 9 | 171 |
| Supplemental noncash investing and financing activities | |||
| Conversion of preferred stock to common stock | 319,225 | ||
| Issuance of common stock upon net exercise of warrants | 6,962 | ||
| Issuance of convertible preferred stock warrant | 6,294 | ||
| Issuance of common stock warrant | 1,701 | ||
| Conversion of notes payable to Series E convertible preferred stock | 86,225 | ||
| Exchange of convertible notes payable | 19,073 | ||
| Exchange of accrued interest for convertible notes payable | 1,791 | ||
| Acquisition of property and equipment | 2,703 | 4,482 | 183 |
| Class of Stock | |||
| Series F Convertible Preferred Stock | |||
| Proceeds from issuance of convertible preferred stock | 82,378 | ||
| Series E Preferred Stock | |||
| Proceeds from issuance of convertible preferred stock | 49,444 | ||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TESLA, INC. | ||
Ticker: TSLA Fiscal Year: 2011 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2011 10-K/A (Amendment Filed: Mar 28, 2012) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| Assets | ||
| Cash and cash equivalents | $ 255,266 | 99,558 |
| Short-term marketable securities | 25,061 | |
| Restricted cash | 23,476 | 73,597 |
| Accounts receivable | 9,539 | 6,710 |
| Inventory | 50,082 | 45,182 |
| Prepaid expenses and other current assets | 9,414 | 10,839 |
| Total current assets | 372,838 | 235,886 |
| Operating lease vehicles, net | 11,757 | 7,963 |
| Property, plant and equipment, net | 298,414 | 114,636 |
| Restricted cash | 8,068 | 4,867 |
| Other assets | 22,371 | 22,730 |
| Total assets | 713,448 | 386,082 |
| Liabilities and Stockholders' Equity | ||
| Accounts payable | 56,141 | 28,951 |
| Accrued liabilities | 32,109 | 20,945 |
| Deferred revenue | 2,345 | 4,635 |
| Capital lease obligations, current portion | 1,067 | 279 |
| Reservation payments | 91,761 | 30,755 |
| Long-term debt, current portion | 7,916 | |
| Total current liabilities | 191,339 | 85,565 |
| Common stock warrant liability | 8,838 | 6,088 |
| Capital lease obligations, less current portion | 2,830 | 496 |
| Deferred revenue, less current portion | 3,146 | 2,783 |
| Long-term debt, less current portion | 268,335 | 71,828 |
| Other long-term liabilities | 14,915 | 12,274 |
| Total liabilities | 489,403 | 179,034 |
| Commitments and contingencies (Note 15) | ||
| Stockholders' equity: | ||
| Preferred stock; $0.001 par value; 221,903,982 shares authorized; no shares issued and outstanding | ||
| Common stock; $0.001 par value; 2,000,000,000 shares authorized as of December 31, 2011 and 2010, respectively; 104,530,305 and 94,908,370 shares issued and outstanding as of December 31, 2011 and 2010, respectively | 104 | 95 |
| Additional paid-in capital | 893,336 | 621,935 |
| Accumulated other comprehensive loss | (3) | |
| Accumulated deficit | (669,392) | (414,982) |
| Total stockholders' equity | 224,045 | 207,048 |
| Total liabilities and stockholders' equity | 713,448 | 386,082 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2011 | |||
Consolidated Statements Of Operations | |||
Period Ending Dec 31, 2011 10-K (Superseded Filed: Feb 27, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Revenues | |||
| Automotive sales | $ 148,568 | 97,078 | 111,943 |
| Development services | 55,674 | 19,666 | |
| Total revenues | 204,242 | 116,744 | 111,943 |
| Cost of revenues | |||
| Automotive sales | 115,482 | 79,982 | 102,408 |
| Development services | 27,165 | 6,031 | |
| Total cost of revenues | 142,647 | 86,013 | 102,408 |
| Gross profit | 61,595 | 30,731 | 9,535 |
| Operating expenses | |||
| Research and development (net of development compensation of $23,249 for the year ended December 31, 2009) | 208,981 | 92,996 | 19,282 |
| Selling, general and administrative | 104,102 | 84,573 | 42,150 |
| Total operating expenses | 313,083 | 177,569 | 61,432 |
| Loss from operations | (251,488) | (146,838) | (51,897) |
| Interest income | 255 | 258 | 159 |
| Interest expense | (43) | (992) | (2,531) |
| Other expense, net | (2,646) | (6,583) | (1,445) |
| Loss before income taxes | (253,922) | (154,155) | (55,714) |
| Provision for income taxes | 489 | 173 | 26 |
| Net loss | (254,411) | (154,328) | (55,740) |
| Net loss per share of common stock, basic and diluted | (2.53) | (3.04) | (7.94) |
| Weighted average shares used in computing net loss per share of common stock, basic and diluted | 100,388,815 | 50,718,302 | 7,021,963 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2011 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Superseded Filed: Feb 27, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash Flows From Operating Activities | |||
| Net loss | $ (254,411) | (154,328) | (55,740) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 16,919 | 10,623 | 6,940 |
| Change in fair value of warrant liabilities | 2,750 | 5,022 | 1,128 |
| Gain on extinguishment of convertible notes and warrants | (1,468) | ||
| Discounts and premiums on short-term marketable securities | (112) | ||
| Stock-based compensation | 29,419 | 21,156 | 1,434 |
| Excess tax benefits from stock-based compensation | (74) | ||
| Loss on abandonment of fixed assets | 345 | 8 | 385 |
| Inventory write-downs | 1,828 | 951 | 1,353 |
| Interest on convertible notes | 2,686 | ||
| Changes in operating assets and liabilities | |||
| Accounts receivable | (2,829) | (3,222) | (168) |
| Inventories and operating lease vehicles | (13,638) | (28,513) | (7,925) |
| Prepaid expenses and other current assets | (248) | (4,977) | (2,042) |
| Other assets | (288) | (463) | (445) |
| Accounts payable | 31,859 | (212) | 902 |
| Accrued liabilities | 12,321 | 13,345 | 3,387 |
| Deferred development compensation | (156) | (10,017) | |
| Deferred revenue | (1,927) | 4,801 | (1,456) |
| Reservation payments | 61,006 | 4,707 | (21,971) |
| Other long-term liabilities | 2,641 | 3,515 | 2,192 |
| Net cash used in operating activities | (114,364) | (127,817) | (80,825) |
| Cash Flows From Investing Activities | |||
| Purchases of marketable securities | (64,952) | ||
| Maturities of short-term marketable securities | 40,000 | ||
| Payments related to acquisition of Fremont manufacturing facility and related assets | (65,210) | ||
| Purchases of property and equipment excluding capital leases | (197,896) | (40,203) | (11,884) |
| Withdrawals out of (transfers into) our dedicated Department of Energy account, net | 50,121 | (73,597) | |
| Increase in other restricted cash | (3,201) | (1,287) | (2,360) |
| Net cash used in investing activities | (175,928) | (180,297) | (14,244) |
| Cash Flows From Financing Activities | |||
| Proceeds from issuance of common stock in public offerings | 172,410 | 188,842 | |
| Proceeds from issuance of common stock in private placements | 59,058 | 80,000 | |
| Principal payments on capital leases and other debt | (416) | (315) | (322) |
| Proceeds from long-term debt and other long-term liabilities | 204,423 | 71,828 | |
| Proceeds from issuance of convertible notes and warrants | 25,468 | ||
| Proceeds from exercise of stock options and other stock issuances | 10,525 | 1,350 | 497 |
| Excess tax benefits from stock-based compensation | 74 | ||
| Deferred common stock and loan facility issuance costs | (3,734) | (2,046) | |
| Net cash provided by financing activities | 446,000 | 338,045 | 155,419 |
| Net increase in cash and cash equivalents | 155,708 | 29,931 | 60,350 |
| Cash and cash equivalents at beginning of period | 99,558 | 69,627 | |
| Cash and cash equivalents at end of period | 255,266 | 99,558 | 69,627 |
| Supplemental Disclosures | |||
| Interest paid | 3,472 | 1,138 | 70 |
| Income taxes paid | 282 | 9 | 171 |
| Supplemental noncash investing and financing activities | |||
| Conversion of preferred stock to common stock | 319,225 | ||
| Issuance of common stock upon net exercise of warrants | 6,962 | ||
| Issuance of convertible preferred stock warrant | 6,294 | ||
| Issuance of common stock warrant | 1,701 | ||
| Conversion of notes payable to Series E convertible preferred stock | 86,225 | ||
| Exchange of convertible notes payable | 19,073 | ||
| Exchange of accrued interest for convertible notes payable | 1,791 | ||
| Acquisition of property and equipment | 2,703 | 4,482 | 183 |
| Class of Stock | |||
| Series F Convertible Preferred Stock | |||
| Proceeds from issuance of convertible preferred stock | 82,378 | ||
| Series E Convertible Preferred Stock | |||
| Proceeds from issuance of convertible preferred stock | 49,444 | ||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TESLA, INC. | ||
Ticker: TSLA Fiscal Year: 2011 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2011 10-K (Superseded Filed: Feb 27, 2012) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| Assets | ||
| Cash and cash equivalents | $ 255,266 | 99,558 |
| Short-term marketable securities | 25,061 | |
| Restricted cash | 23,476 | 73,597 |
| Accounts receivable | 9,539 | 6,710 |
| Inventory | 50,082 | 45,182 |
| Prepaid expenses and other current assets | 9,414 | 10,839 |
| Total current assets | 372,838 | 235,886 |
| Operating lease vehicles, net | 11,757 | 7,963 |
| Property, plant and equipment, net | 298,414 | 114,636 |
| Restricted cash | 8,068 | 4,867 |
| Other assets | 22,371 | 22,730 |
| Total assets | 713,448 | 386,082 |
| Liabilities and Stockholders' Equity | ||
| Accounts payable | 56,141 | 28,951 |
| Accrued liabilities | 32,109 | 20,945 |
| Deferred revenue | 2,345 | 4,635 |
| Capital lease obligations, current portion | 1,067 | 279 |
| Reservation payments | 91,761 | 30,755 |
| Long-term debt, current portion | 7,916 | |
| Total current liabilities | 191,339 | 85,565 |
| Common stock warrant liability | 8,838 | 6,088 |
| Capital lease obligations, less current portion | 2,830 | 496 |
| Deferred revenue, less current portion | 3,146 | 2,783 |
| Long-term debt, less current portion | 268,335 | 71,828 |
| Other long-term liabilities | 14,915 | 12,274 |
| Total liabilities | 489,403 | 179,034 |
| Commitments and contingencies (Note 15) | ||
| Stockholders' equity: | ||
| Preferred stock; $0.001 par value; 221,903,982 shares authorized; no shares issued and outstanding | ||
| Common stock; $0.001 par value; 2,000,000,000 shares authorized as of December 31, 2011 and 2010, respectively; 104,530,305 and 94,908,370 shares issued and outstanding as of December 31, 2011 and 2010, respectively | 104 | 95 |
| Additional paid-in capital | 893,336 | 621,935 |
| Accumulated other comprehensive loss | (3) | |
| Accumulated deficit | (669,392) | (414,982) |
| Total stockholders' equity | 224,045 | 207,048 |
| Total liabilities and stockholders' equity | 713,448 | 386,082 |
| External Links | |
| TESLA, INC. (TSLA) Fiscal Year 2011 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |