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: 2016 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2016 10-K (Filed: Mar 1, 2017) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Revenues | |||
| Automotive | $ 5,589,007 | 3,431,587 | 2,874,448 |
| Automotive leasing | 761,759 | 309,386 | 132,564 |
| Total automotive revenue | 6,350,766 | 3,740,973 | 3,007,012 |
| Energy generation and storage | 181,394 | 14,477 | 4,208 |
| Services and other | 467,972 | 290,575 | 187,136 |
| Total revenues | 7,000,132 | 4,046,025 | 3,198,356 |
| Cost of revenues | |||
| Automotive | 4,268,087 | 2,639,926 | 2,058,344 |
| Automotive leasing | 481,994 | 183,376 | 87,405 |
| Total automotive cost of revenues | 4,750,081 | 2,823,302 | 2,145,749 |
| Energy generation and storage | 178,332 | 12,287 | 4,005 |
| Services and other | 472,462 | 286,933 | 166,931 |
| Total cost of revenues | 5,400,875 | 3,122,522 | 2,316,685 |
| Gross profit | 1,599,257 | 923,503 | 881,671 |
| Operating expenses | |||
| Research and development | 834,408 | 717,900 | 464,700 |
| Selling, general and administrative | 1,432,189 | 922,232 | 603,660 |
| Total operating expenses | 2,266,597 | 1,640,132 | 1,068,360 |
| Loss from operations | (667,340) | (716,629) | (186,689) |
| Interest income | 8,530 | 1,508 | 1,126 |
| Interest expense | (198,810) | (118,851) | (100,886) |
| Other income (expense), net | 111,272 | (41,652) | 1,813 |
| Loss before income taxes | (746,348) | (875,624) | (284,636) |
| Provision for income taxes | 26,698 | 13,039 | 9,404 |
| Net loss | (773,046) | (888,663) | (294,040) |
| Net loss attributable to noncontrolling interests and redeemable noncontrolling interests | (98,132) | ||
| Net loss attributable to common stockholders | (674,914) | (888,663) | (294,040) |
| Net loss per share of common stock attributable to common stockholders, basic and diluted | (4.68) | (6.93) | (2.36) |
| Weighted average shares used in computing net loss per share of common stock, basic and diluted | 144,212 | 128,202 | 124,539 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2016 | |||
Consolidated Statements of Comprehensive Loss | |||
Period Ending Dec 31, 2016 10-K (Filed: Mar 1, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net loss attributable to common stockholders | $ (674,914) | (888,663) | (294,040) |
| Change in net unrealized gain (loss) | 43,220 | 7,443 | |
| Less: Reclassification adjustment for net (gains) losses into net loss | (44,904) | 22 | (22) |
| Net unrealized gain (loss) on derivatives and short-term marketable securities | (1,684) | 7,465 | (22) |
| Foreign currency translation adjustment | (18,500) | (10,999) | |
| Other comprehensive loss | (20,184) | (3,534) | (22) |
| Comprehensive loss | (695,098) | (892,197) | (294,062) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Mar 1, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash Flows From Operating Activities | |||
| Net loss | $ (773,046) | (888,663) | (294,040) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 947,099 | 422,590 | 231,931 |
| Stock-based compensation | 334,225 | 197,999 | 156,496 |
| Amortization of discount on convertible debt | 87,286 | 72,063 | 69,734 |
| Inventory write-downs | 65,520 | 44,940 | 15,609 |
| Loss on disposal of property and equipment | 34,633 | 37,723 | 14,178 |
| Foreign currency transaction (gain) loss | (29,183) | 55,765 | (1,891) |
| Gain on the acquisition of SolarCity | (88,727) | ||
| Non-cash interest and other operating activities | (7,775) | 26,373 | 7,471 |
| Changes in operating assets and liabilities, net of effect of business combinations | |||
| Accounts receivable | (216,565) | 46,267 | (183,658) |
| Inventories and operating lease vehicles | (2,465,703) | (1,573,860) | (1,050,264) |
| Prepaid expenses and other current assets | 56,806 | (29,595) | (60,637) |
| MyPower notes receivable | 3,468 | ||
| Other assets | (52,821) | (24,362) | (4,493) |
| Accounts payable and accrued liabilities | 750,640 | 263,345 | 414,856 |
| Deferred revenue | 382,962 | 322,203 | 209,681 |
| Customer deposits | 388,361 | 36,721 | 106,230 |
| Resale value guarantee | 326,934 | 442,295 | 249,492 |
| Other long-term liabilities | 132,057 | 23,697 | 61,968 |
| Net cash used in operating activities | (123,829) | (524,499) | (57,337) |
| Cash Flows From Investing Activities | |||
| Purchases of property and equipment excluding capital leases, net of sales | (1,280,802) | (1,634,850) | (969,885) |
| Purchase of solar energy system, leased to be leased | (159,669) | ||
| Purchases of short-term investments and marketable securities | (205,841) | ||
| Maturities of short-term marketable securities | 16,667 | 189,131 | |
| Increase in other restricted cash | (206,149) | (26,441) | (3,849) |
| Cash acquired through (used in) business combinations | 213,523 | (12,260) | |
| Net cash used in investing activities | (1,416,430) | (1,673,551) | (990,444) |
| Cash Flows From Financing Activities | |||
| Proceeds from issuance of common stock in public offering | 1,701,734 | 730,000 | |
| Proceeds from issuance of convertible and other debt | 2,852,964 | 318,972 | 2,300,000 |
| Repayments of convertible and other debt | (1,857,594) | ||
| Collateralized lease borrowing | 769,709 | 568,745 | 3,271 |
| Proceeds from exercise of stock options and other stock issuances | 163,817 | 106,611 | 100,455 |
| Principal payments on capital leases | (46,889) | (203,780) | (11,179) |
| Common stock and debt issuance costs | (20,042) | (17,025) | (35,149) |
| Proceeds from issuance of warrants | 389,160 | ||
| Proceeds from issuance of common stock in private placement | 20,000 | ||
| Purchase of convertible note hedges | (603,428) | ||
| Proceeds from investment by noncontrolling interests in subsidiaries | 201,527 | ||
| Distributions paid to noncontrolling interests in subsidiaries | (21,250) | ||
| Net cash provided by financing activities | 3,743,976 | 1,523,523 | 2,143,130 |
| Effect of exchange rate changes on cash and cash equivalents | (7,409) | (34,278) | (35,525) |
| Net increase (decrease) in cash and cash equivalents | 2,196,308 | (708,805) | 1,059,824 |
| Cash and cash equivalents at beginning of year | 1,196,908 | 1,905,713 | |
| Cash and cash equivalents at end of year | 3,393,216 | 1,196,908 | 1,905,713 |
| Supplemental noncash investing activities | |||
| Shares issued in connection of business combination and assumed vested awards | 2,145,977 | ||
| Acquisition of property and equipment included in accounts payable and accrued liabilities | 663,771 | 267,334 | 254,393 |
| Estimated fair value of facilities under build-to-suit lease | 307,879 | 174,749 | 50,076 |
| Supplemental Disclosures | |||
| Cash paid during the period for interest | 38,693 | 32,060 | 20,539 |
| Cash paid during the period for taxes, net of refunds | 16,385 | 9,461 | 3,120 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TESLA, INC. | ||
Ticker: TSLA Fiscal Year: 2016 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2016 10-K (Filed: Mar 1, 2017) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 3,393,216 | 1,196,908 |
| Restricted cash | 105,519 | 22,628 |
| Accounts receivable, net | 499,142 | 168,965 |
| Inventory | 2,067,454 | 1,277,838 |
| Prepaid expenses and other current assets | 194,465 | 115,667 |
| Total current assets | 6,259,796 | 2,782,006 |
| Operating lease net | 3,134,080 | 1,791,403 |
| Property, plant and equipment, net | 5,982,957 | 3,403,334 |
| Intangible assets, net | 376,145 | 12,816 |
| MyPower customer notes receivable, net of current portion | 506,302 | |
| Restricted cash, net of current portion | 268,165 | 31,522 |
| Other assets | 216,751 | 46,858 |
| Total assets | 22,664,076 | 8,067,939 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Accounts payable | 1,860,341 | 916,148 |
| Accrued liabilities and other | 1,210,028 | 422,798 |
| Deferred revenue | 763,126 | 423,961 |
| Resale value guarantees | 179,504 | 136,831 |
| Customer deposits | 663,859 | 283,370 |
| Current portion of long-term debt and capital leases | 984,211 | 627,927 |
| Total current liabilities | 5,827,005 | 2,811,035 |
| Long-term debt and capital leases, net of current portion | 5,860,049 | 2,021,093 |
| Convertible senior notes issued to related parties | 10,287 | |
| Deferred revenue, net of current portion | 851,790 | 446,105 |
| Resale value guarantees, net of current portion | 2,210,423 | 1,293,741 |
| Other long-term liabilities | 1,891,449 | 364,976 |
| Total liabilities | 16,750,167 | 6,936,950 |
| Commitments and contingencies (Note 17) | ||
| Redeemable noncontrolling interests in subsidiaries | 367,039 | |
| Convertible senior notes (Notes 13) | 8,784 | 47,285 |
| 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 as of December 31, 2016 and 2015; 161,561 and 131,425 shares issued and outstanding as of December 31, 2016 and 2015, respectively | 161 | 131 |
| Additional paid-in capital | 7,773,727 | 3,409,452 |
| Accumulated other comprehensive loss | (23,740) | (3,556) |
| Accumulated deficit | (2,997,237) | (2,322,323) |
| Total stockholders' equity | 4,752,911 | 1,083,704 |
| Noncontrolling interests in subsidiaries | 785,175 | |
| Total liabilities and equity | 22,664,076 | 8,067,939 |
| Debt Instrument | ||
| Solar Bonds | ||
| Current portion of solar bonds issued to related parties | 165,936 | |
| Solar bonds issued to related parties, net of current portion | 99,164 | |
| Property, Plant and Equipment, Type | ||
| Solar Energy Systems | ||
| Operating lease net | 5,919,880 | |
| External Links | |
| TESLA, INC. (TSLA) Fiscal Year 2016 | |
| 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 |