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: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 24, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash Flows From Operating Activities | |||
| Net loss | $ (888,663) | (294,040) | (74,014) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 422,590 | 231,931 | 106,083 |
| Stock-based compensation | 197,999 | 156,496 | 80,737 |
| Amortization of discount on convertible debt | 72,063 | 69,734 | 9,143 |
| Inventory write-downs | 44,940 | 15,609 | 8,918 |
| Amortization of Department of Energy (DOE) loan origination costs | 5,558 | ||
| Change in fair value of DOE warrant liability | (10,692) | ||
| Fixed asset disposal | 37,723 | 14,178 | 1,796 |
| Other non-cash operating activities | 26,373 | 7,471 | 1,815 |
| Foreign currency transaction (gain) loss | 55,765 | (1,891) | (13,498) |
| Changes in operating assets and liabilities | |||
| Accounts receivable | 46,267 | (183,658) | (21,705) |
| Inventories and operating lease vehicles | (1,573,860) | (1,050,264) | (460,561) |
| Prepaid expenses and other current assets | (29,595) | (60,637) | (17,533) |
| Other assets | (24,362) | (4,493) | (434) |
| Accounts payable and accrued liabilities | 263,345 | 414,856 | 87,413 |
| Deferred revenue | 322,203 | 209,681 | 268,098 |
| Customer deposits | 36,721 | 106,230 | 24,354 |
| Resale value guarantee | 442,295 | 249,492 | 236,299 |
| Other long-term liabilities | 23,697 | 61,968 | 33,027 |
| Net cash provided by (used in) operating activities | (524,499) | (57,337) | 264,804 |
| Cash Flows From Investing Activities | |||
| Purchases of property and equipment excluding capital leases | (1,634,850) | (969,885) | (264,224) |
| Withdrawals out of our dedicated DOE account, net | 14,752 | ||
| (Increase) decrease in other restricted cash | (26,441) | (3,849) | 55 |
| Purchases of short-term marketable securities | (205,841) | ||
| Maturities of short-term marketable securities | 189,131 | ||
| Business acquisition | (12,260) | ||
| Net cash used in investing activities | (1,673,551) | (990,444) | (249,417) |
| Cash Flows From Financing Activities | |||
| Proceeds from issuance of convertible and other debt | 318,972 | 2,300,000 | 660,000 |
| Proceeds from issuance of common stock in public offering | 730,000 | 360,000 | |
| Proceeds from issuance of warrants | 389,160 | 120,318 | |
| Proceeds from exercise of stock options and other stock issuances | 106,611 | 100,455 | 95,307 |
| Proceeds from issuance of common stock in private placement | 20,000 | 55,000 | |
| Principal payments on DOE loans | (452,337) | ||
| Purchase of convertible note hedges | (603,428) | (177,540) | |
| Common stock and convertible debt issuance costs | (17,025) | (35,149) | (16,901) |
| Principal payments on capital leases and other debt | (203,780) | (11,179) | (8,425) |
| Collateralized lease borrowing | 568,745 | 3,271 | |
| Net cash provided by financing activities | 1,523,523 | 2,143,130 | 635,422 |
| Effect of exchange rate changes on cash and cash equivalents | (34,278) | (35,525) | (6,810) |
| Net increase (decrease) in cash and cash equivalents | (708,805) | 1,059,824 | 643,999 |
| Cash and cash equivalents at beginning of period | 1,905,713 | 845,889 | |
| Cash and cash equivalents at end of period | 1,196,908 | 1,905,713 | 845,889 |
| Supplemental Disclosures | |||
| Interest paid | 32,060 | 20,539 | 9,041 |
| Income taxes paid | 9,461 | 3,120 | 257 |
| Supplemental noncash investing activities | |||
| Acquisition of property and equipment included in accounts payable and accrued liabilities | 267,334 | 254,393 | 38,789 |
| Estimated fair market value of facilities under build-to-suit lease | 174,749 | 50,076 | |
| External Links | |
| TESLA, INC. (TSLA) Fiscal Year 2015 | |
| 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 |