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: 2019 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 13, 2020) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenues | |||
| Automotive leasing | $ 869 | 883 | 1,107 |
| Total automotive revenues | 20,821 | 18,515 | 9,642 |
| Services and other | 2,226 | 1,391 | 1,001 |
| Total revenues | 24,578 | 21,461 | 11,759 |
| Cost of revenues | |||
| Automotive leasing | 459 | 488 | 708 |
| Total automotive cost of revenues | 16,398 | 14,174 | 7,433 |
| Services and other | 2,770 | 1,880 | 1,229 |
| Total cost of revenues | 20,509 | 17,419 | 9,536 |
| Gross profit | 4,069 | 4,042 | 2,223 |
| Operating expenses | |||
| Research and development | 1,343 | 1,460 | 1,378 |
| Selling, general and administrative | 2,646 | 2,835 | 2,477 |
| Restructuring and other | 149 | 135 | |
| Total operating expenses | 4,138 | 4,430 | 3,855 |
| Loss from operations | (69) | (388) | (1,632) |
| Interest income | 44 | 24 | 19 |
| Interest expense | (685) | (663) | (471) |
| Other income (expense), net | 45 | 22 | (125) |
| Loss before income taxes | (665) | (1,005) | (2,209) |
| Provision for income taxes | 110 | 58 | 32 |
| Net loss | (775) | (1,063) | (2,241) |
| Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries | 87 | (87) | (279) |
| Net loss attributable to common stockholders | (862) | (976) | (1,962) |
| Net loss per share of common stock attributable to common stockholders | |||
| Basic | (4.92) | (5.72) | (11.83) |
| Diluted | (4.92) | (5.72) | (11.83) |
| Weighted average shares used in computing net loss per share of common stock | |||
| Basic | 177 | 171 | 166 |
| Diluted | 177 | 171 | 166 |
| Product and Service | |||
| Automotive Sales | |||
| Revenues | 19,952 | 17,632 | 8,535 |
| Cost of revenues | 15,939 | 13,686 | 6,725 |
| Energy Generation and Storage | |||
| Revenues | 1,531 | 1,555 | 1,116 |
| Cost of revenues | 1,341 | 1,365 | 874 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2019 | |||
Consolidated Statements of Comprehensive Loss | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 13, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net loss | $ (775) | (1,063) | (2,241) |
| Other comprehensive loss: | |||
| Reclassification adjustment for net gains on derivatives into net loss | (6) | ||
| Foreign currency translation adjustment | (28) | (42) | 63 |
| Comprehensive loss | (803) | (1,105) | (2,184) |
| Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries | 87 | (87) | (279) |
| Comprehensive loss attributable to common stockholders | (890) | (1,018) | (1,905) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 13, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash Flows from Operating Activities | |||
| Net loss | $ (775) | (1,063) | (2,241) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation, amortization and impairment | 2,154 | 1,901 | 1,636 |
| Stock-based compensation | 898 | 749 | 467 |
| Amortization of debt discounts and issuance costs | 188 | 159 | 91 |
| Inventory and purchase commitments write-downs | 193 | 85 | 132 |
| Loss on disposals of fixed assets | 146 | 162 | 106 |
| Foreign currency transaction (gains) loss | (48) | (2) | 52 |
| Loss related to SolarCity acquisition | 58 | ||
| Non-cash interest and other operating activities | 186 | 49 | 135 |
| Operating cash flow related to repayment of discounted convertible notes | (188) | ||
| Changes in operating assets and liabilities, net of effect of business combinations: | |||
| Accounts receivable | (367) | (497) | (25) |
| Inventory | (429) | (1,023) | (179) |
| Operating lease vehicles | (764) | (215) | (1,523) |
| Prepaid expenses and other current assets | (288) | (82) | (72) |
| Other non-current assets | 115 | (207) | (15) |
| Accounts payable and accrued liabilities | 682 | 1,723 | 388 |
| Deferred revenue | 801 | 406 | 469 |
| Customer deposits | (58) | (96) | 170 |
| Resale value guarantee | (150) | (111) | 209 |
| Other long-term liabilities | 109 | 160 | 81 |
| Net cash provided by (used in) operating activities | 2,405 | 2,098 | (61) |
| Cash Flows from Investing Activities | |||
| Purchases of property and equipment excluding finance leases, net of sales | (1,327) | (2,101) | (3,415) |
| Purchases of solar energy systems | (105) | (218) | (666) |
| Purchase of intangible assets | (5) | ||
| Receipt of government grants | 46 | ||
| Business combinations, net of cash acquired | (45) | (18) | (115) |
| Net cash used in investing activities | (1,436) | (2,337) | (4,196) |
| Cash Flows from Financing Activities | |||
| Proceeds from issuances of common stock in public offerings, net of underwriting discounts | 848 | 400 | |
| Proceeds from issuances of convertible and other debt | 10,669 | 6,176 | 7,138 |
| Repayments of convertible and other debt | (9,161) | (5,247) | (3,996) |
| Repayments of borrowings issued to related parties | (100) | (165) | |
| Collateralized lease repayments | (389) | (559) | 511 |
| Proceeds from exercises of stock options and other stock issuances | 263 | 296 | 259 |
| Principal payments on finance leases | (321) | (181) | (103) |
| Common stock and debt issuance costs | (37) | (15) | (63) |
| Purchase of convertible note hedges | (476) | (204) | |
| Proceeds from settlement of convertible note hedges | 287 | ||
| Proceeds from issuance of warrants | 174 | 53 | |
| Payments for settlements of warrants | (230) | ||
| Proceeds from investments by noncontrolling interests in subsidiaries | 279 | 437 | 790 |
| Distributions paid to noncontrolling interests in subsidiaries | (311) | (227) | (262) |
| Payments for buy-outs of noncontrolling interests in subsidiaries | (9) | (6) | |
| Net cash provided by financing activities | 1,529 | 574 | 4,415 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | 8 | (23) | 40 |
| Net increase in cash and cash equivalents and restricted cash | 2,506 | 312 | 198 |
| Cash and cash equivalents and restricted cash, beginning of period | 4,277 | 3,965 | |
| Cash and cash equivalents and restricted cash, end of period | 6,783 | 4,277 | 3,965 |
| Supplemental Non-Cash Investing and Financing Activities | |||
| Equity issued in connection with business combination | 207 | ||
| Acquisitions of property and equipment included in liabilities | 562 | 249 | 914 |
| Estimated fair value of facilities under build-to-suit leases | 94 | 313 | |
| Supplemental Disclosures | |||
| Cash paid during the period for interest, net of amounts capitalized | 455 | 381 | 183 |
| Cash paid during the period for taxes, net of refunds | 54 | 35 | 66 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TESLA, INC. | ||
Ticker: TSLA Fiscal Year: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 13, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 6,268 | 3,686 |
| Restricted cash | 246 | 193 |
| Accounts receivable, net | 1,324 | 949 |
| Inventory | 3,552 | 3,113 |
| Prepaid expenses and other current assets | 713 | 366 |
| Total current assets | 12,103 | 8,307 |
| Property, plant and equipment, net | 10,396 | 11,330 |
| Operating lease right-of-use assets | 1,218 | |
| Intangible assets, net | 339 | 282 |
| Goodwill | 198 | 68 |
| MyPower customer notes receivable, net of current portion | 393 | 422 |
| Restricted cash, net of current portion | 269 | 398 |
| Other assets | 808 | 572 |
| Total assets | 34,309 | 29,740 |
| Liabilities | ||
| Current liabilities | ||
| Accounts payable | 3,771 | 3,405 |
| Accrued liabilities and other | 2,905 | 2,094 |
| Deferred revenue | 1,163 | 630 |
| Resale value guarantees | 317 | 503 |
| Customer deposits | 726 | 793 |
| Current portion of debt and finance leases | 1,785 | 2,568 |
| Total current liabilities | 10,667 | 9,993 |
| Debt and finance leases, net of current portion | 11,634 | 9,404 |
| Deferred revenue, net of current portion | 1,207 | 991 |
| Resale value guarantees, net of current portion | 36 | 329 |
| Other long-term liabilities | 2,655 | 2,710 |
| Total liabilities | 26,199 | 23,427 |
| Commitments and contingencies (Note 16) | ||
| Redeemable noncontrolling interests in subsidiaries | 643 | 556 |
| Equity | ||
| Stockholders' equity | ||
| Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding | ||
| Common stock; $0.001 par value; 2,000 shares authorized; 181 and 173 shares issued and outstanding as of December 31, 2019 and 2018, respectively | 0 | 0 |
| Additional paid-in capital | 12,737 | 10,249 |
| Accumulated other comprehensive loss | (36) | (8) |
| Accumulated deficit | (6,083) | (5,318) |
| Total stockholders' equity | 6,618 | 4,923 |
| Noncontrolling interests in subsidiaries | 849 | 834 |
| Total liabilities and equity | 34,309 | 29,740 |
| Property, Plant and Equipment, Type | ||
| Operating Lease Vehicles | ||
| Operating lease net | 2,447 | 2,090 |
| Solar Energy Systems | ||
| Solar energy systems, net | 6,138 | 6,271 |
| External Links | |
| TESLA, INC. (TSLA) Fiscal Year 2019 | |
| 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 |