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: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 26, 2014) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash Flows From Operating Activities | |||
| Net loss | $ (74,014) | (396,213) | (254,411) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 106,083 | 28,825 | 16,919 |
| Stock-based compensation | 80,737 | 50,145 | 29,419 |
| Amortization of discount on convertible debt | 9,143 | ||
| Inventory write-downs | 8,648 | 4,929 | 1,828 |
| Write-off of Department of Energy (DOE) loan origination costs | 5,558 | ||
| Change in fair value of DOE warrant liability | (10,692) | 1,854 | 2,750 |
| Other non-cash operating activities | 3,611 | 1,560 | 233 |
| Foreign currency transaction gain | 3,655 | ||
| Changes in operating assets and liabilities | |||
| Accounts receivable | (21,917) | (17,303) | (2,829) |
| Inventories and operating lease vehicles | (463,270) | (194,726) | (13,638) |
| Prepaid expenses and other current assets | (17,466) | 1,121 | (248) |
| Other assets | (342) | (482) | (288) |
| Accounts payable | (243) | 187,821 | 19,891 |
| Accrued liabilities | 66,837 | 9,603 | 10,620 |
| Deferred revenue | 268,153 | (526) | (1,927) |
| Customer deposits | 24,243 | 47,056 | 61,006 |
| Resale value guarantee | 236,299 | ||
| Other long-term liabilities | 32,971 | 10,255 | 2,641 |
| Net cash provided by (used in) operating activities | 257,994 | (266,081) | (128,034) |
| Cash Flows From Investing Activities | |||
| Purchases of property and equipment excluding capital leases | (264,224) | (239,228) | (184,226) |
| Withdrawals out of our dedicated Department of Energy account, net | 14,752 | 8,620 | 50,121 |
| (Increase) decrease in other restricted cash | 55 | (1,330) | (3,201) |
| Purchases of marketable securities | (14,992) | (64,952) | |
| Maturities of short-term marketable securities | 40,000 | 40,000 | |
| Net cash used in investing activities | (249,417) | (206,930) | (162,258) |
| Cash Flows From Financing Activities | |||
| Proceeds from convertible debt | 660,000 | ||
| Proceeds from issuance of common stock in public offering | 360,000 | 221,496 | 172,410 |
| Proceeds from issuance of warrants | 120,318 | ||
| Proceeds from exercise of stock options and other stock issuances | 95,307 | 24,885 | 10,525 |
| Proceeds from issuance of common stock in private placement | 55,000 | 59,058 | |
| Principal payments on DOE loans | (452,337) | (12,710) | |
| Purchase of convertible note hedges | (177,540) | ||
| Common stock and convertible debt issuance costs | (16,901) | ||
| Principal payments on capital leases and other debt | (8,425) | (2,832) | (416) |
| Proceeds from DOE loans | 188,796 | 204,423 | |
| Net cash provided by financing activities | 635,422 | 419,635 | 446,000 |
| Net increase (decrease) in cash and cash equivalents | 643,999 | (53,376) | 155,708 |
| Cash and cash equivalents at beginning of period | 201,890 | 255,266 | |
| Cash and cash equivalents at end of period | 845,889 | 201,890 | 255,266 |
| Supplemental Disclosures | |||
| Interest paid | 9,041 | 6,938 | 3,472 |
| Income taxes paid | 257 | 117 | 282 |
| Supplemental noncash investing activities | |||
| Acquisition of property and equipment | 38,789 | 44,890 | 15,592 |
| External Links | |
| TESLA, INC. (TSLA) Fiscal Year 2013 | |
| 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 |