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: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Mar 7, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash Flows From Operating Activities | |||
| Net loss | $ (396,213) | (254,411) | (154,328) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 28,825 | 16,919 | 10,623 |
| Change in fair value of warrant liabilities | 1,854 | 2,750 | 5,022 |
| Discounts and premiums on short-term marketable securities | 56 | (112) | |
| Stock-based compensation | 50,145 | 29,419 | 21,156 |
| Excess tax benefits from stock-based compensation | (74) | ||
| Loss on abandonment of fixed assets | 1,504 | 345 | 8 |
| Inventory write-downs | 4,929 | 1,828 | 951 |
| Changes in operating assets and liabilities | |||
| Accounts receivable | (17,303) | (2,829) | (3,222) |
| Inventories and operating lease vehicles | (194,726) | (13,638) | (28,513) |
| Prepaid expenses and other current assets | 1,121 | (248) | (4,977) |
| Other assets | (482) | (288) | (463) |
| Accounts payable | 187,821 | 19,891 | (212) |
| Accrued liabilities | 9,603 | 10,620 | 13,345 |
| Deferred development compensation | (156) | ||
| Deferred revenue | (526) | (1,927) | 4,801 |
| Reservation payments | 47,056 | 61,006 | 4,707 |
| Other long-term liabilities | 10,255 | 2,641 | 3,515 |
| Net cash used in operating activities | (266,081) | (128,304) | (127,817) |
| Cash Flows From Investing Activities | |||
| Purchases of marketable securities | (14,992) | (64,952) | |
| Maturities of short-term marketable securities | 40,000 | 40,000 | |
| Payments related to acquisition of Fremont manufacturing facility and related assets | (65,210) | ||
| Purchases of property and equipment excluding capital leases | (239,228) | (184,226) | (40,203) |
| Withdrawals out of (transfers into) our dedicated Department of Energy account, net | 8,620 | 50,121 | (73,597) |
| Increase in other restricted cash | (1,330) | (3,201) | (1,287) |
| Net cash used in investing activities | (206,930) | (162,258) | (180,297) |
| Cash Flows From Financing Activities | |||
| Proceeds from issuance of common stock in public offerings, net | 221,496 | 172,410 | 188,842 |
| Proceeds from issuance of common stock in private placements | 59,058 | 80,000 | |
| Principal payments on capital leases and other debt | (2,832) | (416) | (315) |
| Proceeds from long-term debt and other long-term liabilities | 188,796 | 204,423 | 71,828 |
| Principal payments on long-term debt | (12,710) | ||
| Proceeds from exercise of stock options and other stock issuances | 24,885 | 10,525 | 1,350 |
| Excess tax benefits from stock-based compensation | 74 | ||
| Deferred common stock and loan facility issuance costs | (3,734) | ||
| Net cash provided by financing activities | 419,635 | 446,000 | 338,045 |
| Net increase (decrease) in cash and cash equivalents | (53,376) | 155,708 | 29,931 |
| Cash and cash equivalents at beginning of period | 255,266 | 99,558 | |
| Cash and cash equivalents at end of period | 201,890 | 255,266 | 99,558 |
| Supplemental Disclosures | |||
| Interest paid | 6,938 | 3,472 | 1,138 |
| Income taxes paid | 117 | 282 | 9 |
| Supplemental noncash investing and financing activities | |||
| Conversion of preferred stock to common stock | 319,225 | ||
| Issuance of common stock upon net exercise of warrants | 6,962 | ||
| Issuance of convertible preferred stock warrant | 6,294 | ||
| Issuance of common stock warrant | 1,701 | ||
| Acquisition of property and equipment | 44,890 | 15,592 | 4,482 |
| External Links | |
| TESLA, INC. (TSLA) Fiscal Year 2012 | |
| 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 |