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: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 26, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash Flows From Operating Activities | |||
| Net loss | $ (294,040) | (74,014) | (396,213) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 231,931 | 106,083 | 28,825 |
| Stock-based compensation | 156,496 | 80,737 | 50,145 |
| Amortization of discount on convertible debt | 69,734 | 9,143 | |
| Inventory write-downs | 15,609 | 8,918 | 4,929 |
| Amortization of Department of Energy (DOE) loan origination costs | 5,558 | ||
| Change in fair value of DOE warrant liability | (10,692) | 1,854 | |
| Fixed asset disposal | 14,178 | 1,796 | 154 |
| Other non-cash operating activities | 7,471 | 1,815 | 1,406 |
| Foreign currency transaction (gain) loss | (1,891) | (13,498) | 143 |
| Changes in operating assets and liabilities | |||
| Accounts receivable | (183,658) | (21,705) | (17,303) |
| Inventories and operating lease vehicles | (1,050,264) | (460,561) | (194,726) |
| Prepaid expenses and other current assets | (60,637) | (17,533) | 1,121 |
| Other assets | (4,493) | (434) | (482) |
| Accounts payable | 252,781 | 20,995 | 189,944 |
| Accrued liabilities | 162,075 | 66,418 | 9,603 |
| Deferred revenue | 209,681 | 268,098 | (526) |
| Customer deposits | 106,230 | 24,354 | 47,056 |
| Resale value guarantee | 249,492 | 236,299 | |
| Other long-term liabilities | 61,968 | 33,027 | 10,255 |
| Net cash provided by (used in) operating activities | (57,337) | 264,804 | (263,815) |
| Cash Flows From Investing Activities | |||
| Purchases of property and equipment excluding capital leases | (969,885) | (264,224) | (239,228) |
| Withdrawals out of our dedicated DOE account, net | 14,752 | 8,620 | |
| (Increase) decrease in other restricted cash | (3,849) | 55 | (1,330) |
| Purchases of short-term marketable securities | (205,841) | (14,992) | |
| Maturities of short-term marketable securities | 189,131 | 40,000 | |
| Net cash used in investing activities | (990,444) | (249,417) | (206,930) |
| Cash Flows From Financing Activities | |||
| Proceeds from issuance of convertible debt | 2,300,000 | 660,000 | |
| Proceeds from issuance of common stock in public offering | 360,000 | 221,496 | |
| Proceeds from issuance of warrants | 389,160 | 120,318 | |
| Proceeds from exercise of stock options and other stock issuances | 100,455 | 95,307 | 24,885 |
| Proceeds from issuance of common stock in private placement | 55,000 | ||
| Principal payments on DOE loans | (452,337) | (12,710) | |
| Purchase of convertible note hedges | (603,428) | (177,540) | |
| Common stock and convertible debt issuance costs | (35,149) | (16,901) | |
| Principal payments on capital leases and other debt | (11,179) | (8,425) | (2,832) |
| Collateralized lease borrowing | 3,271 | ||
| Proceeds from DOE loans | 188,796 | ||
| Net cash provided by financing activities | 2,143,130 | 635,422 | 419,635 |
| Effect of exchange rate changes on cash and cash equivalents | (35,525) | (6,810) | (2,266) |
| Net increase (decrease) in cash and cash equivalents | 1,059,824 | 643,999 | (53,376) |
| Cash and cash equivalents at beginning of period | 845,889 | 201,890 | |
| Cash and cash equivalents at end of period | 1,905,713 | 845,889 | 201,890 |
| Supplemental Disclosures | |||
| Interest paid | 20,539 | 9,041 | 6,938 |
| Income taxes paid | 3,120 | 257 | 117 |
| Supplemental noncash investing activities | |||
| Acquisition of property and equipment included in accounts payable and accrued liabilities | 254,393 | 38,789 | 44,890 |
| Estimated fair market value of facilities under build-to-suit lease | 50,076 | ||
| External Links | |
| TESLA, INC. (TSLA) Fiscal Year 2014 | |
| 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 |