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: 2020 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 8, 2021) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenues | |||
| Automotive leasing | $ 1,052 | 869 | 883 |
| Total automotive revenues | 27,236 | 20,821 | 18,515 |
| Services and other | 2,306 | 2,226 | 1,391 |
| Total revenues | 31,536 | 24,578 | 21,461 |
| Cost of revenues | |||
| Automotive leasing | 563 | 459 | 488 |
| Total automotive cost of revenues | 20,259 | 16,398 | 14,174 |
| Services and other | 2,671 | 2,770 | 1,880 |
| Total cost of revenues | 24,906 | 20,509 | 17,419 |
| Gross profit | 6,630 | 4,069 | 4,042 |
| Operating expenses | |||
| Research and development | 1,491 | 1,343 | 1,460 |
| Selling, general and administrative | 3,145 | 2,646 | 2,835 |
| Restructuring and other | 149 | 135 | |
| Total operating expenses | 4,636 | 4,138 | 4,430 |
| Income (loss) from operations | 1,994 | (69) | (388) |
| Interest income | 30 | 44 | 24 |
| Interest expense | (748) | (685) | (663) |
| Other (expense) income, net | (122) | 45 | 22 |
| Income (loss) before income taxes | 1,154 | (665) | (1,005) |
| Provision for income taxes | 292 | 110 | 58 |
| Net income (loss) | 862 | (775) | (1,063) |
| Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries | 141 | 87 | (87) |
| Net income (loss) attributable to common stockholders | 721 | (862) | (976) |
| Less: Buy-out of noncontrolling interest | 31 | 8 | |
| Net income (loss) used in computing net income (loss) per share of common stock | 690 | (870) | (976) |
| Net income (loss) per share of common stock attributable to common stockholders | |||
| Basic | 0.74 | (0.98) | (1.14) |
| Diluted | 0.64 | (0.98) | (1.14) |
| Weighted average shares used in computing net income (loss) per share of common stock | |||
| Basic | 933 | 887 | 853 |
| Diluted | 1,083 | 887 | 853 |
| Product and Service | |||
| Automotive Sales | |||
| Revenues | 26,184 | 19,952 | 17,632 |
| Cost of revenues | 19,696 | 15,939 | 13,686 |
| Energy Generation and Storage | |||
| Revenues | 1,994 | 1,531 | 1,555 |
| Cost of revenues | 1,976 | 1,341 | 1,365 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2020 | |||
Consolidated Statements of Comprehensive Income (Loss) | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 8, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net income (loss) | $ 862 | (775) | (1,063) |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustment | 399 | (28) | (42) |
| Comprehensive income (loss) | 1,261 | (803) | (1,105) |
| Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries | 141 | 87 | (87) |
| Comprehensive income (loss) attributable to common stockholders | 1,120 | (890) | (1,018) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 8, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash Flows from Operating Activities | |||
| Net income (loss) | $ 862 | (775) | (1,063) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation, amortization and impairment | 2,322 | 2,154 | 1,901 |
| Stock-based compensation | 1,734 | 898 | 749 |
| Amortization of debt discounts and issuance costs | 180 | 188 | 159 |
| Inventory and purchase commitments write-downs | 202 | 193 | 85 |
| Loss on disposals of fixed assets | 117 | 146 | 162 |
| Foreign currency transaction net loss (gain) | 114 | (48) | (2) |
| Non-cash interest and other operating activities | 228 | 186 | 49 |
| Operating cash flow related to repayment of discounted convertible senior notes | (188) | ||
| Changes in operating assets and liabilities, net of effect of business combinations: | |||
| Accounts receivable | (652) | (367) | (497) |
| Inventory | (422) | (429) | (1,023) |
| Operating lease vehicles | (1,072) | (764) | (215) |
| Prepaid expenses and other current assets | (251) | (288) | (82) |
| Other non-current assets | (344) | 115 | (207) |
| Accounts payable and accrued liabilities | 2,102 | 646 | 1,797 |
| Deferred revenue | 321 | 801 | 406 |
| Customer deposits | 7 | (58) | (96) |
| Other long-term liabilities | 495 | (5) | (25) |
| Net cash provided by operating activities | 5,943 | 2,405 | 2,098 |
| Cash Flows from Investing Activities | |||
| Purchases of property and equipment excluding finance leases, net of sales | (3,157) | (1,327) | (2,101) |
| Purchases of solar energy systems, net of sales | (75) | (105) | (218) |
| Receipt of government grants | 123 | 46 | |
| Purchase of intangible assets | (10) | (5) | |
| Business combinations, net of cash acquired | (13) | (45) | (18) |
| Net cash used in investing activities | (3,132) | (1,436) | (2,337) |
| Cash Flows from Financing Activities | |||
| Proceeds from issuances of common stock in public offerings, net of issuance costs | 12,269 | 848 | |
| Proceeds from issuances of convertible and other debt | 9,713 | 10,669 | 6,176 |
| Repayments of convertible and other debt | (11,623) | (9,161) | (5,247) |
| Repayments of borrowings issued to related parties | (100) | ||
| Collateralized lease repayments | (240) | (389) | (559) |
| Proceeds from exercises of stock options and other stock issuances | 417 | 263 | 296 |
| Principal payments on finance leases | (338) | (321) | (181) |
| Debt issuance costs | (6) | (37) | (15) |
| Purchase of convertible note hedges | (476) | ||
| Proceeds from issuance of warrants | 174 | ||
| Proceeds from investments by noncontrolling interests in subsidiaries | 24 | 279 | 437 |
| Distributions paid to noncontrolling interests in subsidiaries | (208) | (311) | (227) |
| Payments for buy-outs of noncontrolling interests in subsidiaries | (35) | (9) | (6) |
| Net cash provided by financing activities | 9,973 | 1,529 | 574 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | 334 | 8 | (23) |
| Net increase in cash and cash equivalents and restricted cash | 13,118 | 2,506 | 312 |
| Cash and cash equivalents and restricted cash, beginning of period | 6,783 | 4,277 | |
| Cash and cash equivalents and restricted cash, end of period | 19,901 | 6,783 | 4,277 |
| Supplemental Non-Cash Investing and Financing Activities | |||
| Equity issued in connection with business combination | 207 | ||
| Acquisitions of property and equipment included in liabilities | 1,088 | 562 | 249 |
| Estimated fair value of facilities under build-to-suit leases | 94 | ||
| Supplemental Disclosures | |||
| Cash paid during the period for interest, net of amounts capitalized | 444 | 455 | 381 |
| Cash paid during the period for taxes, net of refunds | 115 | 54 | 35 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TESLA, INC. | ||
Ticker: TSLA Fiscal Year: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 8, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 19,384 | 6,268 |
| Accounts receivable, net | 1,886 | 1,324 |
| Inventory | 4,101 | 3,552 |
| Prepaid expenses and other current assets | 1,346 | 959 |
| Total current assets | 26,717 | 12,103 |
| Property, plant and equipment, net | 12,747 | 10,396 |
| Operating lease right-of-use assets | 1,558 | 1,218 |
| Intangible assets, net | 313 | 339 |
| Goodwill | 207 | 198 |
| Other non-current assets | 1,536 | 1,470 |
| Total assets | 52,148 | 34,309 |
| Liabilities | ||
| Current liabilities | ||
| Accounts payable | 6,051 | 3,771 |
| Accrued liabilities and other | 3,855 | 3,222 |
| Deferred revenue | 1,458 | 1,163 |
| Customer deposits | 752 | 726 |
| Current portion of debt and finance leases | 2,132 | 1,785 |
| Total current liabilities | 14,248 | 10,667 |
| Debt and finance leases, net of current portion | 9,556 | 11,634 |
| Deferred revenue, net of current portion | 1,284 | 1,207 |
| Other long-term liabilities | 3,330 | 2,691 |
| Total liabilities | 28,418 | 26,199 |
| Commitments and contingencies (Note 16) | ||
| Redeemable noncontrolling interests in subsidiaries | 604 | 643 |
| Convertible senior notes (Note 12) | 51 | |
| 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; 960 and 905 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively | 1 | 1 |
| Additional paid-in capital | 27,260 | 12,736 |
| Accumulated other comprehensive income (loss) | 363 | (36) |
| Accumulated deficit | (5,399) | (6,083) |
| Total stockholders' equity | 22,225 | 6,618 |
| Noncontrolling interests in subsidiaries | 850 | 849 |
| Total liabilities and equity | 52,148 | 34,309 |
| Long-Lived Tangible Asset | ||
| Operating Lease Vehicles | ||
| Operating lease vehicles, net | 3,091 | 2,447 |
| Solar Energy Systems | ||
| Solar energy systems, net | 5,979 | 6,138 |
| External Links | |
| TESLA, INC. (TSLA) Fiscal Year 2020 | |
| 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 |