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: 2021 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 7, 2022) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenues | |||
| Total revenues | $ 53,823 | 31,536 | 24,578 |
| Cost of revenues | |||
| Total cost of revenues | 40,217 | 24,906 | 20,509 |
| Gross profit | 13,606 | 6,630 | 4,069 |
| Operating expenses | |||
| Research and development | 2,593 | 1,491 | 1,343 |
| Selling, general and administrative | 4,517 | 3,145 | 2,646 |
| Restructuring and other | (27) | 0 | 149 |
| Total operating expenses | 7,083 | 4,636 | 4,138 |
| Income (loss) from operations | 6,523 | 1,994 | (69) |
| Interest income | 56 | 30 | 44 |
| Interest expense | (371) | (748) | (685) |
| Other income (expense), net | 135 | (122) | 45 |
| Income (loss) before income taxes | 6,343 | 1,154 | (665) |
| Provision for income taxes | 699 | 292 | 110 |
| Net income (loss) | 5,644 | 862 | (775) |
| Net income attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries | 125 | 141 | 87 |
| Net income (loss) attributable to common stockholders | 5,519 | 721 | (862) |
| Less: Buy-out of noncontrolling interest | (5) | 31 | 8 |
| Net income (loss) used in computing net income per share of common stock | 5,524 | 690 | (870) |
| Net income (loss) per share of common stock attributable to common stockholders | |||
| Basic | 5.6000 | 0.7400 | (0.9800) |
| Diluted | 4.9000 | 0.6400 | (0.9800) |
| Weighted average shares used in computing net income (loss) per share of common stock | |||
| Basic | 986 | 933 | 887 |
| Diluted | 1,129 | 1,083 | 887 |
| Product and Service | |||
| Automotive Sales | |||
| Revenues | 44,125 | 24,604 | 19,358 |
| Automotive Regulatory Credits | |||
| Revenues | 1,465 | 1,580 | 594 |
| Automotive Leasing | |||
| Revenues | 1,642 | 1,052 | 869 |
| Automotive Revenues | |||
| Revenues | 47,232 | 27,236 | 20,821 |
| Cost of revenues | 32,415 | 19,696 | 15,939 |
| Automotive leasing | 978 | 563 | 459 |
| Total cost of revenues | 33,393 | 20,259 | 16,398 |
| Energy Generation and Storage | |||
| Revenues | 2,789 | 1,994 | 1,531 |
| Cost of revenues | 2,918 | 1,976 | 1,341 |
| Services And Other | |||
| Revenues | 3,802 | 2,306 | 2,226 |
| Cost of revenues | 3,906 | 2,671 | 2,770 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2021 | |||
Consolidated Statements of Comprehensive Income (Loss) | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 7, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net income (loss) | $ 5,644 | 862 | (775) |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustment | (308) | 399 | (28) |
| Unrealized net loss on marketable securities | (1) | ||
| Comprehensive income (loss) | 5,335 | 1,261 | (803) |
| Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries | 125 | 141 | 87 |
| Comprehensive income (loss) attributable to common stockholders | 5,210 | 1,120 | (890) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TESLA, INC. | |||
Ticker: TSLA Fiscal Year: 2021 | |||
Consolidated Statements of Cash Flows (Unaudited) | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 7, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash Flows from Operating Activities | |||
| Net income (loss) | $ 5,644 | 862 | (775) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation, amortization and impairment | 2,911 | 2,322 | 2,154 |
| Stock-based compensation | 2,121 | 1,734 | 898 |
| Inventory and purchase commitments write-downs | 140 | 202 | 193 |
| Foreign currency transaction net unrealized (gain) loss | (55) | 114 | (48) |
| Non-cash interest and other operating activities | 245 | 525 | 520 |
| Digital assets gain, net | (27) | 0 | 0 |
| Operating cash flow related to repayment of discounted convertible senior notes | 0 | 0 | (188) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 130 | (652) | (367) |
| Inventory | 1,709 | (422) | (429) |
| Operating lease vehicles | 2,114 | (1,072) | (764) |
| Prepaid expenses and other current assets | 271 | (251) | (288) |
| Other non-current assets | 1,291 | (344) | 115 |
| Accounts payable and accrued liabilities | 4,578 | 2,102 | 646 |
| Deferred revenue | 793 | 321 | 801 |
| Customer deposits | 186 | 7 | (58) |
| Other long-term liabilities | 476 | 495 | (5) |
| Net cash provided by operating activities | 11,497 | 5,943 | 2,405 |
| Cash Flows from Investing Activities | |||
| Purchases of property and equipment excluding finance leases, net of sales | (6,482) | (3,157) | (1,327) |
| Purchases of solar energy systems, net of sales | 32 | (75) | (105) |
| Purchases of digital assets | 1,500 | 0 | 0 |
| Proceeds from sales of digital assets | 272 | 0 | 0 |
| Purchases of marketable securities | (132) | 0 | 0 |
| Receipt of government grants | 6 | 123 | 46 |
| Purchase of intangible assets | (1,500) | (10) | (5) |
| Business combinations, net of cash acquired | 0 | (13) | (45) |
| Net cash used in investing activities | (7,868) | (3,132) | (1,436) |
| Cash Flows from Financing Activities | |||
| Proceeds from issuances of common stock in public offerings, net of issuance costs | 0 | 12,269 | 848 |
| Proceeds from issuances of convertible and other debt | 8,883 | 9,713 | 10,669 |
| Repayments of convertible and other debt | 14,167 | (11,623) | (9,161) |
| Collateralized lease repayments | (9) | (240) | (389) |
| Proceeds from exercises of stock options and other stock issuances | 707 | 417 | 263 |
| Principal payments on finance leases | (439) | (338) | (321) |
| Debt issuance costs | (9) | (6) | (37) |
| Purchase of convertible note hedges | 476 | ||
| Proceeds from issuance of warrants | 174 | ||
| Proceeds from investments by noncontrolling interests in subsidiaries | 2 | 24 | 279 |
| Distributions paid to noncontrolling interests in subsidiaries | (161) | (208) | (311) |
| Payments for buy-outs of noncontrolling interests in subsidiaries | 10 | (35) | (9) |
| Net cash (used in) provided by financing activities | (5,203) | 9,973 | 1,529 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | (183) | 334 | 8 |
| Net (decrease) increase in cash and cash equivalents and restricted cash | (1,757) | 13,118 | 2,506 |
| Cash and cash equivalents and restricted cash, beginning of period | 19,901 | 6,783 | |
| Cash and cash equivalents and restricted cash, end of period | 18,144 | 19,901 | 6,783 |
| Supplemental Non-Cash Investing and Financing Activities | |||
| Equity issued in connection with business combination | 0 | 0 | 207 |
| Acquisitions of property and equipment included in liabilities | 2,251 | 1,088 | 562 |
| Supplemental Disclosures | |||
| Cash paid during the period for interest, net of amounts capitalized | 266 | 444 | 455 |
| Cash paid during the period for taxes, net of refunds | 561 | 115 | 54 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TESLA, INC. | ||
Ticker: TSLA Fiscal Year: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 7, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 17,576 | 19,384 |
| Short-term marketable securities | 131 | |
| Accounts receivable, net | 1,913 | 1,886 |
| Inventory | 5,757 | 4,101 |
| Prepaid expenses and other current assets | 1,723 | 1,346 |
| Total current assets | 27,100 | 26,717 |
| Property, plant and equipment, net | 18,884 | 12,747 |
| Operating lease right-of-use assets | 2,016 | 1,558 |
| Digital assets, net | 1,260 | |
| Intangible assets, net | 257 | 313 |
| Goodwill | 200 | 207 |
| Other non-current assets | 2,138 | 1,536 |
| Total assets | 62,131 | 52,148 |
| Liabilities | ||
| Current liabilities | ||
| Accounts payable | 10,025 | 6,051 |
| Accrued liabilities and other | 5,719 | 3,855 |
| Deferred revenue | 1,447 | 1,458 |
| Customer deposits | 925 | 752 |
| Current portion of debt and finance leases | 1,589 | 2,132 |
| Total current liabilities | 19,705 | 14,248 |
| Debt and finance leases, net of current portion | 5,245 | 9,556 |
| Deferred revenue, net of current portion | 2,052 | 1,284 |
| Other long-term liabilities | 3,546 | 3,330 |
| Total liabilities | 30,548 | 28,418 |
| Commitments and contingencies (Note 15) | ||
| Redeemable noncontrolling interests in subsidiaries | 568 | 604 |
| Convertible senior notes (Note 11) | 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; 1,033 and 960 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively | 1 | 1 |
| Additional paid-in capital | 29,803 | 27,260 |
| Accumulated other comprehensive income | 54 | 363 |
| Retained earnings (accumulated deficit) | 331 | (5,399) |
| Total stockholders' equity | 30,189 | 22,225 |
| Noncontrolling interests in subsidiaries | 826 | 850 |
| Total liabilities and equity | 62,131 | 52,148 |
| Long-Lived Tangible Asset | ||
| Operating Lease Vehicles | ||
| Operating lease vehicles, net | 4,511 | 3,091 |
| Solar Energy Systems | ||
| Solar energy systems, net | 5,765 | 5,979 [1] |
| [1] As of December 31, 2021 and 2020, solar energy systems, net, included $36 million of gross finance leased assets with accumulated depreciation and amortization of $9 million and $7 million, respectively. | As of December 31, 2021 and 2020, there were $1.02 billion and $1.05 billion, respectively, of gross solar energy systems under lease pass-through fund arrangements with accumulated depreciation of $165 million and $137 million, respectively. | ||
| External Links | |
| TESLA, INC. (TSLA) Fiscal Year 2021 | |
| 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 |