10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||
| ||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2014 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 26, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenues | |||
| Automotive sales | $ 3,192,723 | 1,997,786 | 385,699 |
| Development services | 5,633 | 15,710 | 27,557 |
| Total revenues | 3,198,356 | 2,013,496 | 413,256 |
| Cost of revenues | |||
| Automotive sales | 2,310,011 | 1,543,878 | 371,658 |
| Development services | 6,674 | 13,356 | 11,531 |
| Total cost of revenues | 2,316,685 | 1,557,234 | 383,189 |
| Gross profit | 881,671 | 456,262 | 30,067 |
| Operating expenses | |||
| Research and development | 464,700 | 231,976 | 273,978 |
| Selling, general and administrative | 603,660 | 285,569 | 150,372 |
| Total operating expenses | 1,068,360 | 517,545 | 424,350 |
| Loss from operations | (186,689) | (61,283) | (394,283) |
| Interest income | 1,126 | 189 | 288 |
| Interest expense | (100,886) | (32,934) | (254) |
| Other income (expense), net | 1,813 | 22,602 | (1,828) |
| Loss before income taxes | (284,636) | (71,426) | (396,077) |
| Provision for income taxes | 9,404 | 2,588 | 136 |
| Net loss | (294,040) | (74,014) | (396,213) |
| Net loss per share of common stock, basic and diluted | (2.36) | (0.62) | (3.69) |
| Weighted average shares used in computing net loss per share of common stock, basic and diluted | 124,539,343 | 119,421,414 | 107,349,188 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2014 | |||
Consolidated Statements of Comprehensive Loss | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 26, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net loss | $ (294,040) | (74,014) | (396,213) |
| Other comprehensive income (loss), net of tax: | |||
| Unrealized net loss on short-term marketable securities | (22) | 0 | |
| Reclassification adjustment for gain included in net loss | 0 | 3 | |
| Other comprehensive income (loss) | (22) | 0 | 3 |
| Comprehensive loss | (294,062) | (74,014) | (396,210) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 26, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash Flows From Operating Activities | |||
| Net loss | $ (294,040) | (74,014) | (396,213) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 231,931 | 106,083 | 28,825 |
| Stock-based compensation | 156,496 | 80,737 | 50,145 |
| Amortization of discount on convertible debt | 69,734 | 9,143 | |
| Inventory write-downs | 15,609 | 8,918 | 4,929 |
| Amortization of Department of Energy (DOE) loan origination costs | 5,558 | ||
| Change in fair value of DOE warrant liability | (10,692) | 1,854 | |
| Fixed asset disposal | 14,178 | 1,796 | 154 |
| Other non-cash operating activities | 7,471 | 1,815 | 1,406 |
| Foreign currency transaction (gain) loss | (1,891) | (13,498) | 143 |
| Changes in operating assets and liabilities | |||
| Accounts receivable | (183,658) | (21,705) | (17,303) |
| Inventories and operating lease vehicles | (1,050,264) | (460,561) | (194,726) |
| Prepaid expenses and other current assets | (60,637) | (17,533) | 1,121 |
| Other assets | (4,493) | (434) | (482) |
| Accounts payable | 252,781 | 20,995 | 189,944 |
| Accrued liabilities | 162,075 | 66,418 | 9,603 |
| Deferred revenue | 209,681 | 268,098 | (526) |
| Customer deposits | 106,230 | 24,354 | 47,056 |
| Resale value guarantee | 249,492 | 236,299 | |
| Other long-term liabilities | 61,968 | 33,027 | 10,255 |
| Net cash provided by (used in) operating activities | (57,337) | 264,804 | (263,815) |
| Cash Flows From Investing Activities | |||
| Purchases of property and equipment excluding capital leases | (969,885) | (264,224) | (239,228) |
| Withdrawals out of our dedicated DOE account, net | 14,752 | 8,620 | |
| (Increase) decrease in other restricted cash | (3,849) | 55 | (1,330) |
| Purchases of short-term marketable securities | (205,841) | (14,992) | |
| Maturities of short-term marketable securities | 189,131 | 40,000 | |
| Net cash used in investing activities | (990,444) | (249,417) | (206,930) |
| Cash Flows From Financing Activities | |||
| Proceeds from issuance of convertible debt | 2,300,000 | 660,000 | |
| Proceeds from issuance of common stock in public offering | 360,000 | 221,496 | |
| Proceeds from issuance of warrants | 389,160 | 120,318 | |
| Proceeds from exercise of stock options and other stock issuances | 100,455 | 95,307 | 24,885 |
| Proceeds from issuance of common stock in private placement | 55,000 | ||
| Principal payments on DOE loans | (452,337) | (12,710) | |
| Purchase of convertible note hedges | (603,428) | (177,540) | |
| Common stock and convertible debt issuance costs | (35,149) | (16,901) | |
| Principal payments on capital leases and other debt | (11,179) | (8,425) | (2,832) |
| Collateralized lease borrowing | 3,271 | ||
| Proceeds from DOE loans | 188,796 | ||
| Net cash provided by financing activities | 2,143,130 | 635,422 | 419,635 |
| Effect of exchange rate changes on cash and cash equivalents | (35,525) | (6,810) | (2,266) |
| Net increase (decrease) in cash and cash equivalents | 1,059,824 | 643,999 | (53,376) |
| Cash and cash equivalents at beginning of period | 845,889 | 201,890 | |
| Cash and cash equivalents at end of period | 1,905,713 | 845,889 | 201,890 |
| Supplemental Disclosures | |||
| Interest paid | 20,539 | 9,041 | 6,938 |
| Income taxes paid | 3,120 | 257 | 117 |
| Supplemental noncash investing activities | |||
| Acquisition of property and equipment included in accounts payable and accrued liabilities | 254,393 | 38,789 | 44,890 |
| Estimated fair market value of facilities under build-to-suit lease | 50,076 | ||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TESLA, INC. | ||
Ticker: TSLA Fiscal Year: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 26, 2015) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 1,905,713 | 845,889 |
| Restricted cash and marketable securities | 17,947 | 3,012 |
| Accounts receivable | 226,604 | 49,109 |
| Inventory | 953,675 | 340,355 |
| Prepaid expenses and other current assets | 94,718 | 27,574 |
| Total current assets | 3,198,657 | 1,265,939 |
| Operating lease vehicles, net | 766,744 | 382,425 |
| Property, plant and equipment, net | 1,829,267 | 738,494 |
| Restricted cash | 11,374 | 6,435 |
| Other assets | 43,209 | 23,637 |
| Total assets | 5,849,251 | 2,416,930 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities | ||
| Accounts payable | 777,946 | 303,969 |
| Accrued liabilities | 268,884 | 108,252 |
| Deferred revenue | 191,651 | 91,882 |
| Capital lease obligations, current portion | 9,532 | 7,722 |
| Customer deposits | 257,587 | 163,153 |
| Convertible senior notes | 601,566 | 182 |
| Total current liabilities | 2,107,166 | 675,160 |
| Capital lease obligations, less current portion | 12,267 | 12,855 |
| Deferred revenue, less current portion | 292,271 | 181,180 |
| Convertible senior notes, less current portion | 1,806,518 | 586,119 |
| Resale value guarantee | 487,879 | 236,299 |
| Other long-term liabilities | 173,244 | 58,197 |
| Total liabilities | 4,879,345 | 1,749,810 |
| Commitments and contingencies (Note 11) | ||
| Convertible senior notes (Notes 6) | 58,196 | |
| Stockholders' equity: | ||
| Preferred stock; $0.001 par value; 100,000,000 shares authorized; no shares issued and outstanding | ||
| Common stock; $0.001 par value; 2,000,000,000 shares authorized as of December 31, 2014 and 2013, respectively; 125,687,607 and 123,090,990 shares issued and outstanding as of December 31, 2014 and 2013, respectively | 126 | 123 |
| Additional paid-in capital | 2,345,266 | 1,806,617 |
| Accumulated deficit | (1,433,682) | (1,139,620) |
| Total stockholders' equity | 911,710 | 667,120 |
| Total liabilities and stockholders' equity | 5,849,251 | 2,416,930 |
| External Links | |
| TESLA, INC. (TSLA) Fiscal Year 2014 | |
| 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 |