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: 2018 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 19, 2019) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenues | |||
| Revenues | $ 21,461,268 | ||
| Automotive leasing | 883,461 | 1,106,548 | 761,759 |
| Total automotive revenues | 18,514,983 | 9,641,300 | 6,350,766 |
| Services and other | 1,391,041 | 1,001,185 | 467,972 |
| Total revenues | 21,461,268 | 11,758,751 | 7,000,132 |
| Cost of revenues | |||
| Automotive leasing | 488,425 | 708,224 | 481,994 |
| Total automotive cost of revenues | 14,173,997 | 7,432,704 | 4,750,081 |
| Services and other | 1,880,354 | 1,229,022 | 472,462 |
| Total cost of revenues | 17,419,247 | 9,536,264 | 5,400,875 |
| Gross profit | 4,042,021 | 2,222,487 | 1,599,257 |
| Operating expenses | |||
| Research and development | 1,460,370 | 1,378,073 | 834,408 |
| Selling, general and administrative | 2,834,491 | 2,476,500 | 1,432,189 |
| Restructuring and other | 135,233 | ||
| Total operating expenses | 4,430,094 | 3,854,573 | 2,266,597 |
| Loss from operations | (388,073) | (1,632,086) | (667,340) |
| Interest income | 24,533 | 19,686 | 8,530 |
| Interest expense | (663,071) | (471,259) | (198,810) |
| Other income (expense), net | 21,866 | (125,373) | 111,272 |
| Loss before income taxes | (1,004,745) | (2,209,032) | (746,348) |
| Provision for income taxes | 57,837 | 31,546 | 26,698 |
| Net loss | (1,062,582) | (2,240,578) | (773,046) |
| Net loss attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries | (86,491) | (279,178) | (98,132) |
| Net loss attributable to common stockholders | (976,091) | (1,961,400) | (674,914) |
| Net loss per share of common stock attributable to common stockholders | |||
| Basic | (5.72) | (11.83) | (4.68) |
| Diluted | (5.72) | (11.83) | (4.68) |
| Weighted average shares used in computing net loss per share of common stock | |||
| Basic | 170,525 | 165,758 | 144,212 |
| Diluted | 170,525 | 165,758 | 144,212 |
| Product and Service | |||
| Automotive Sales | |||
| Revenues | 17,631,522 | 8,534,752 | 5,589,007 |
| Cost of revenues | 13,685,572 | 6,724,480 | 4,268,087 |
| Energy Generation and Storage | |||
| Revenues | 1,555,244 | 1,116,266 | 181,394 |
| Cost of revenues | 1,364,896 | 874,538 | 178,332 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2018 | |||
Consolidated Statements of Comprehensive Loss | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 19, 2019) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Net loss attributable to common stockholders | $ (976,091) | (1,961,400) | (674,914) |
| Unrealized gains (losses) on derivatives: | |||
| Change in net unrealized gain | 43,220 | ||
| Less: Reclassification adjustment for net gains into net loss | (5,570) | (44,904) | |
| Net unrealized loss on derivatives | (5,570) | (1,684) | |
| Foreign currency translation adjustment | (41,566) | 62,658 | (18,500) |
| Other comprehensive (loss) income | (41,566) | 57,088 | (20,184) |
| Comprehensive loss | (1,017,657) | (1,904,312) | (695,098) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 19, 2019) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash Flows from Operating Activities | |||
| Net loss | $ (1,062,582) | (2,240,578) | (773,046) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation, amortization and impairment | 1,901,050 | 1,636,003 | 947,099 |
| Stock-based compensation | 749,024 | 466,760 | 334,225 |
| Amortization of debt discounts and issuance costs | 158,730 | 91,037 | 94,690 |
| Inventory write-downs | 85,272 | 131,665 | 65,520 |
| Loss on disposals of fixed assets | 161,361 | 105,770 | 34,633 |
| Foreign currency transaction (gains) losses | (1,511) | 52,309 | (29,183) |
| Loss (gain) related to SolarCity acquisition | 57,746 | (88,727) | |
| Non-cash interest and other operating activities | 48,507 | 135,237 | (15,179) |
| Changes in operating assets and liabilities, net of effect of business combinations: | |||
| Accounts receivable | (496,732) | (24,635) | (216,565) |
| Inventory | (1,023,264) | (178,850) | (632,867) |
| Operating lease vehicles | (214,747) | (1,522,573) | (1,832,836) |
| Prepaid expenses and other current assets | (82,125) | (72,084) | 56,806 |
| Other assets and MyPower customer notes receivable | (207,409) | (15,453) | (49,353) |
| Accounts payable and accrued liabilities | 1,722,850 | 388,206 | 750,640 |
| Deferred revenue | 406,661 | 468,902 | 382,962 |
| Customer deposits | (96,685) | 170,027 | 388,361 |
| Resale value guarantee | (110,564) | 208,718 | 326,934 |
| Other long-term liabilities | 159,966 | 81,139 | 132,057 |
| Net cash provided by (used in) operating activities | 2,097,802 | (60,654) | (123,829) |
| Cash Flows from Investing Activities | |||
| Purchases of property and equipment excluding capital leases, net of sales | (2,100,724) | (3,414,814) | (1,280,802) |
| Maturities of short-term marketable securities | 16,667 | ||
| Purchases of solar energy systems, leased and to be leased | (218,792) | (666,540) | (159,669) |
| Business combinations, net of cash acquired | (17,912) | (114,523) | 342,719 |
| Net cash used in investing activities | (2,337,428) | (4,195,877) | (1,081,085) |
| Cash Flows from Financing Activities | |||
| Proceeds from issuances of common stock in public offerings | 400,175 | 1,701,734 | |
| Proceeds from issuances of convertible and other debt | 6,176,173 | 7,138,055 | 2,852,964 |
| Repayments of convertible and other debt | (5,247,057) | (3,995,484) | (1,857,594) |
| Repayments of borrowings issued to related parties | (100,000) | (165,000) | |
| Collateralized lease (repayments) borrowings | (559,167) | 511,321 | 769,709 |
| Proceeds from exercises of stock options and other stock issuances | 295,722 | 259,116 | 163,817 |
| Principal payments on capital leases | (180,805) | (103,304) | (46,889) |
| Common stock and debt issuance costs | (14,973) | (63,111) | (20,042) |
| Purchases of convertible note hedges | (204,102) | ||
| Proceeds from settlement of convertible note hedges | 287,213 | ||
| Proceeds from issuances of warrants | 52,883 | ||
| Payments for settlements of warrants | (11) | (230,385) | |
| Proceeds from investments by noncontrolling interests in subsidiaries | 437,134 | 789,704 | 201,527 |
| Distributions paid to noncontrolling interests in subsidiaries | (227,304) | (261,844) | (21,250) |
| Payments for buy-outs of noncontrolling interests in subsidiaries | (5,957) | (373) | |
| Net cash provided by financing activities | 573,755 | 4,414,864 | 3,743,976 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | (22,700) | 39,726 | (6,553) |
| Net increase in cash and cash equivalents and restricted cash | 311,429 | 198,059 | 2,532,509 |
| Cash and cash equivalents and restricted cash, beginning of period | 3,964,959 | 3,766,900 | |
| Cash and cash equivalents and restricted cash, end of period | 4,276,388 | 3,964,959 | 3,766,900 |
| Supplemental Non-Cash Investing and Financing Activities | |||
| Shares issued in connection with business combinations and assumed vested awards | 10,528 | 2,145,977 | |
| Acquisitions of property and equipment included in liabilities | 249,141 | 914,108 | 663,771 |
| Estimated fair value of facilities under build-to-suit leases | 94,445 | 313,483 | 307,879 |
| Supplemental Disclosures | |||
| Cash paid during the period for interest, net of amounts capitalized | 380,836 | 182,571 | 38,693 |
| Cash paid during the period for taxes, net of refunds | 35,409 | 65,695 | 16,385 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TESLA, INC. | ||
Ticker: TSLA Fiscal Year: 2018 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2018 10-K (Filed: Feb 19, 2019) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 3,685,618 | 3,367,914 |
| Restricted cash | 192,551 | 155,323 |
| Accounts receivable, net | 949,022 | 515,381 |
| Inventory | 3,113,446 | 2,263,537 |
| Prepaid expenses and other current assets | 365,671 | 268,365 |
| Total current assets | 8,306,308 | 6,570,520 |
| Property, plant and equipment, net | 11,330,077 | 10,027,522 |
| Intangible assets, net | 282,492 | 361,502 |
| Goodwill | 68,159 | 60,237 |
| MyPower customer notes receivable, net of current portion | 421,548 | 456,652 |
| Restricted cash, net of current portion | 398,219 | 441,722 |
| Other assets | 571,657 | 273,123 |
| Total assets | 29,739,614 | 28,655,372 |
| Liabilities | ||
| Current liabilities | ||
| Accounts payable | 3,404,451 | 2,390,250 |
| Accrued liabilities and other | 2,094,253 | 1,731,366 |
| Deferred revenue | 630,292 | 1,015,253 |
| Resale value guarantees | 502,840 | 787,333 |
| Customer deposits | 792,601 | 853,919 |
| Current portion of long-term debt and capital leases | 2,567,699 | 796,549 |
| Current portion of promissory notes issued to related parties | 100,000 | |
| Total current liabilities | 9,992,136 | 7,674,670 |
| Long-term debt and capital leases, net of current portion | 9,403,672 | 9,418,319 |
| Deferred revenue, net of current portion | 990,873 | 1,177,799 |
| Resale value guarantees, net of current portion | 328,926 | 2,309,222 |
| Other long-term liabilities | 2,710,403 | 2,442,970 |
| Total liabilities | 23,426,010 | 23,022,980 |
| Commitments and contingencies (Note 17) | ||
| Redeemable noncontrolling interests in subsidiaries | 555,964 | 397,734 |
| Convertible senior notes (Note 13) | 70 | |
| Equity | ||
| Stockholders' equity | ||
| Preferred stock; $0.001 par value; 100,000 shares authorized; no shares issued and outstanding | ||
| Common stock; $0.001 par value; 2,000,000 shares authorized; 172,603 and 168,797 shares issued and outstanding as of December 31, 2018 and 2017, respectively | 173 | 169 |
| Additional paid-in capital | 10,249,120 | 9,178,024 |
| Accumulated other comprehensive (loss) income | (8,218) | 33,348 |
| Accumulated deficit | (5,317,832) | (4,974,299) |
| Total stockholders' equity | 4,923,243 | 4,237,242 |
| Noncontrolling interests in subsidiaries | 834,397 | 997,346 |
| Total liabilities and equity | 29,739,614 | 28,655,372 |
| Property, Plant and Equipment, Type | ||
| Operating Lease Vehicles | ||
| Operating lease net | 2,089,758 | 4,116,604 |
| Solar Energy Systems | ||
| Operating lease net | 6,271,396 | 6,347,490 |
| External Links | |
| TESLA, INC. (TSLA) Fiscal Year 2018 | |
| 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 |