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: 2017 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenues | |||
| Automotive sales | $ 8,534,752 | 5,589,007 | 3,431,587 |
| Automotive leasing | 1,106,548 | 761,759 | 309,386 |
| Total automotive revenues | 9,641,300 | 6,350,766 | 3,740,973 |
| Energy generation and storage | 1,116,266 | 181,394 | 14,477 |
| Services and other | 1,001,185 | 467,972 | 290,575 |
| Total revenues | 11,758,751 | 7,000,132 | 4,046,025 |
| Cost of revenues | |||
| Automotive sales | 6,724,480 | 4,268,087 | 2,639,926 |
| Automotive leasing | 708,224 | 481,994 | 183,376 |
| Total automotive cost of revenues | 7,432,704 | 4,750,081 | 2,823,302 |
| Energy generation and storage | 874,538 | 178,332 | 12,287 |
| Services and other | 1,229,022 | 472,462 | 286,933 |
| Total cost of revenues | 9,536,264 | 5,400,875 | 3,122,522 |
| Gross profit | 2,222,487 | 1,599,257 | 923,503 |
| Operating expenses | |||
| Research and development | 1,378,073 | 834,408 | 717,900 |
| Selling, general and administrative | 2,476,500 | 1,432,189 | 922,232 |
| Total operating expenses | 3,854,573 | 2,266,597 | 1,640,132 |
| Loss from operations | (1,632,086) | (667,340) | (716,629) |
| Interest income | 19,686 | 8,530 | 1,508 |
| Interest expense | (471,259) | (198,810) | (118,851) |
| Other (expense) income, net | (125,373) | 111,272 | (41,652) |
| Loss before income taxes | (2,209,032) | (746,348) | (875,624) |
| Provision for income taxes | 31,546 | 26,698 | 13,039 |
| Net loss | (2,240,578) | (773,046) | (888,663) |
| Net loss attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries | (279,178) | (98,132) | |
| Net loss attributable to common stockholders | (1,961,400) | (674,914) | (888,663) |
| Net loss per share of common stock attributable to common stockholders | |||
| Basic | (11.83) | (4.68) | (6.93) |
| Diluted | (11.83) | (4.68) | (6.93) |
| Basic | 165,758 | 144,212 | 128,202 |
| Diluted | 165,758 | 144,212 | 128,202 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2017 | |||
Consolidated Statements of Comprehensive Loss | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net loss attributable to common stockholders | $ (1,961,400) | (674,914) | (888,663) |
| Unrealized gains (losses) on derivatives: | |||
| Change in net unrealized gain | 43,220 | 7,443 | |
| Less: Reclassification adjustment for net (gains) losses into net loss | (5,570) | (44,904) | 22 |
| Net unrealized (loss) gain on derivatives | (5,570) | (1,684) | 7,465 |
| Foreign currency translation adjustment | 62,658 | (18,500) | (10,999) |
| Other comprehensive income (loss) | 57,088 | (20,184) | (3,534) |
| Comprehensive loss | (1,904,312) | (695,098) | (892,197) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash Flows from Operating Activities | |||
| Net loss | $ (2,240,578) | (773,046) | (888,663) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 1,636,003 | 947,099 | 422,590 |
| Stock-based compensation | 466,760 | 334,225 | 197,999 |
| Amortization of debt discounts and issuance costs | 91,037 | 94,690 | 78,054 |
| Inventory write-downs | 131,665 | 65,520 | 44,940 |
| Loss on disposals of fixed assets | 105,770 | 34,633 | 37,723 |
| Foreign currency transaction losses (gains) | 52,309 | (29,183) | 55,765 |
| Loss (gain) related to SolarCity acquisition | 57,746 | (88,727) | |
| Non-cash interest and other operating activities | 135,237 | (15,179) | 20,382 |
| Changes in operating assets and liabilities, net of effect of business combinations: | |||
| Accounts receivable | (24,635) | (216,565) | 46,267 |
| Inventories | (178,850) | (632,867) | (369,364) |
| Operating lease vehicles | (1,522,573) | (1,832,836) | (1,204,496) |
| Prepaid expenses and other current assets | (72,084) | 56,806 | (29,595) |
| MyPower customer notes receivable and other assets | (15,453) | (49,353) | (24,362) |
| Accounts payable and accrued liabilities | 388,206 | 750,640 | 263,345 |
| Deferred revenue | 468,902 | 382,962 | 322,203 |
| Customer deposits | 170,027 | 388,361 | 36,721 |
| Resale value guarantee | 208,718 | 326,934 | 442,295 |
| Other long-term liabilities | 81,139 | 132,057 | 23,697 |
| Net cash used in operating activities | (60,654) | (123,829) | (524,499) |
| Cash Flows from Investing Activities | |||
| Purchases of property and equipment excluding capital leases, net of sales | (3,414,814) | (1,280,802) | (1,634,850) |
| Maturities of short-term marketable securities | 16,667 | ||
| Purchases of solar energy systems, leased and to be leased | (666,540) | (159,669) | |
| Increases in restricted cash | (223,090) | (206,149) | (26,441) |
| Business combinations, net of cash acquired | (114,523) | 213,523 | (12,260) |
| Net cash used in investing activities | (4,418,967) | (1,416,430) | (1,673,551) |
| Cash Flows from Financing Activities | |||
| Proceeds from issuances of common stock in public offerings | 400,175 | 1,701,734 | 730,000 |
| Proceeds from issuances of convertible and other debt | 7,138,055 | 2,852,964 | 318,972 |
| Repayments of convertible and other debt | (3,995,484) | (1,857,594) | |
| Repayments of borrowings under Solar Bonds issued to related parties | (165,000) | ||
| Collateralized lease borrowings | 511,321 | 769,709 | 568,745 |
| Proceeds from exercises of stock options and other stock issuances | 259,116 | 163,817 | 106,611 |
| Principal payments on capital leases | (103,304) | (46,889) | (203,780) |
| Common stock and debt issuance costs | (63,111) | (20,042) | (17,025) |
| Purchases of convertible note hedges | (204,102) | ||
| Proceeds from settlements of convertible note hedges | 287,213 | ||
| Proceeds from issuances of warrants | 52,883 | ||
| Proceeds from issuance of common stock in private placement | 20,000 | ||
| Payments for settlements of warrants | (230,385) | ||
| Proceeds from investments by noncontrolling interests in subsidiaries | 789,704 | 201,527 | |
| Distributions paid to noncontrolling interests in subsidiaries | (261,844) | (21,250) | |
| Payments for buy-outs of noncontrolling interests in subsidiaries | (373) | ||
| Net cash provided by financing activities | 4,414,864 | 3,743,976 | 1,523,523 |
| Effect of exchange rate changes on cash and cash equivalents | 39,455 | (7,409) | (34,278) |
| Net (decrease) increase in cash and cash equivalents | (25,302) | 2,196,308 | (708,805) |
| Cash and cash equivalents, beginning of period | 3,393,216 | 1,196,908 | |
| Cash and cash equivalents, end of period | 3,367,914 | 3,393,216 | 1,196,908 |
| 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 | 914,108 | 663,771 | 267,334 |
| Estimated fair value of facilities under build-to-suit leases | 313,483 | 307,879 | 174,749 |
| Supplemental Disclosures | |||
| Cash paid during the period for interest, net of amounts capitalized | 182,571 | 38,693 | 32,060 |
| Cash paid during the period for taxes, net of refunds | 65,695 | 16,385 | 9,461 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TESLA, INC. | ||
Ticker: TSLA Fiscal Year: 2017 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 3,367,914 | 3,393,216 |
| Restricted cash | 155,323 | 105,519 |
| Accounts receivable, net | 515,381 | 499,142 |
| Inventory | 2,263,537 | 2,067,454 |
| Prepaid expenses and other current assets | 268,365 | 194,465 |
| Total current assets | 6,570,520 | 6,259,796 |
| Property, plant and equipment, net | 10,027,522 | 5,982,957 |
| Intangible assets, net | 361,502 | 376,145 |
| Goodwill | 60,237 | |
| MyPower customer notes receivable, net of current portion | 456,652 | 506,302 |
| Restricted cash, net of current portion | 441,722 | 268,165 |
| Other assets | 273,123 | 216,751 |
| Total assets | 28,655,372 | 22,664,076 |
| Liabilities | ||
| Current liabilities | ||
| Accounts payable | 2,390,250 | 1,860,341 |
| Accrued liabilities and other | 1,731,366 | 1,210,028 |
| Deferred revenue | 1,015,253 | 763,126 |
| Resale value guarantees | 787,333 | 179,504 |
| Customer deposits | 853,919 | 663,859 |
| Current portion of long-term debt and capital leases | 796,549 | 984,211 |
| Total current liabilities | 7,674,670 | 5,827,005 |
| Long-term debt and capital leases, net of current portion | 9,415,700 | 5,860,049 |
| Convertible senior notes issued to related parties | 2,519 | 10,287 |
| Deferred revenue, net of current portion | 1,177,799 | 851,790 |
| Resale value guarantees, net of current portion | 2,309,222 | 2,210,423 |
| Other long-term liabilities | 2,442,970 | 1,891,449 |
| Total liabilities | 23,022,980 | 16,750,167 |
| Commitments and contingencies (Note 17) | ||
| Redeemable noncontrolling interests in subsidiaries | 397,734 | 367,039 |
| Convertible senior notes (Note 13) | 70 | 8,784 |
| 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; 168,797 and 161,561 shares issued and outstanding as of December 31, 2017 and December 31, 2016, respectively | 169 | 161 |
| Additional paid-in capital | 9,178,024 | 7,773,727 |
| Accumulated other comprehensive gain (loss) | 33,348 | (23,740) |
| Accumulated deficit | (4,974,299) | (2,997,237) |
| Total stockholders' equity | 4,237,242 | 4,752,911 |
| Noncontrolling interests in subsidiaries | 997,346 | 785,175 |
| Total liabilities and equity | 28,655,372 | 22,664,076 |
| Debt Instrument | ||
| Solar Bonds | ||
| Current portion of solar bonds and promissory notes issued to related parties | 100,000 | 165,936 |
| Solar bonds issued to related parties, net of current portion | 100 | 99,164 |
| Property, Plant and Equipment, Type | ||
| Operating Lease Vehicles | ||
| Operating lease net | 4,116,604 | 3,134,080 |
| Solar Energy Systems | ||
| Operating lease net | 6,347,490 | 5,919,880 |
| External Links | |
| TESLA, INC. (TSLA) Fiscal Year 2017 | |
| 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 |