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: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Mar 1, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash Flows From Operating Activities | |||
| Net loss | $ (773,046) | (888,663) | (294,040) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 947,099 | 422,590 | 231,931 |
| Stock-based compensation | 334,225 | 197,999 | 156,496 |
| Amortization of discount on convertible debt | 87,286 | 72,063 | 69,734 |
| Inventory write-downs | 65,520 | 44,940 | 15,609 |
| Loss on disposal of property and equipment | 34,633 | 37,723 | 14,178 |
| Foreign currency transaction (gain) loss | (29,183) | 55,765 | (1,891) |
| Gain on the acquisition of SolarCity | (88,727) | ||
| Non-cash interest and other operating activities | (7,775) | 26,373 | 7,471 |
| Changes in operating assets and liabilities, net of effect of business combinations | |||
| Accounts receivable | (216,565) | 46,267 | (183,658) |
| Inventories and operating lease vehicles | (2,465,703) | (1,573,860) | (1,050,264) |
| Prepaid expenses and other current assets | 56,806 | (29,595) | (60,637) |
| MyPower notes receivable | 3,468 | ||
| Other assets | (52,821) | (24,362) | (4,493) |
| Accounts payable and accrued liabilities | 750,640 | 263,345 | 414,856 |
| Deferred revenue | 382,962 | 322,203 | 209,681 |
| Customer deposits | 388,361 | 36,721 | 106,230 |
| Resale value guarantee | 326,934 | 442,295 | 249,492 |
| Other long-term liabilities | 132,057 | 23,697 | 61,968 |
| Net cash used in operating activities | (123,829) | (524,499) | (57,337) |
| Cash Flows From Investing Activities | |||
| Purchases of property and equipment excluding capital leases, net of sales | (1,280,802) | (1,634,850) | (969,885) |
| Purchase of solar energy system, leased to be leased | (159,669) | ||
| Purchases of short-term investments and marketable securities | (205,841) | ||
| Maturities of short-term marketable securities | 16,667 | 189,131 | |
| Increase in other restricted cash | (206,149) | (26,441) | (3,849) |
| Cash acquired through (used in) business combinations | 213,523 | (12,260) | |
| Net cash used in investing activities | (1,416,430) | (1,673,551) | (990,444) |
| Cash Flows From Financing Activities | |||
| Proceeds from issuance of common stock in public offering | 1,701,734 | 730,000 | |
| Proceeds from issuance of convertible and other debt | 2,852,964 | 318,972 | 2,300,000 |
| Repayments of convertible and other debt | (1,857,594) | ||
| Collateralized lease borrowing | 769,709 | 568,745 | 3,271 |
| Proceeds from exercise of stock options and other stock issuances | 163,817 | 106,611 | 100,455 |
| Principal payments on capital leases | (46,889) | (203,780) | (11,179) |
| Common stock and debt issuance costs | (20,042) | (17,025) | (35,149) |
| Proceeds from issuance of warrants | 389,160 | ||
| Proceeds from issuance of common stock in private placement | 20,000 | ||
| Purchase of convertible note hedges | (603,428) | ||
| Proceeds from investment by noncontrolling interests in subsidiaries | 201,527 | ||
| Distributions paid to noncontrolling interests in subsidiaries | (21,250) | ||
| Net cash provided by financing activities | 3,743,976 | 1,523,523 | 2,143,130 |
| Effect of exchange rate changes on cash and cash equivalents | (7,409) | (34,278) | (35,525) |
| Net increase (decrease) in cash and cash equivalents | 2,196,308 | (708,805) | 1,059,824 |
| Cash and cash equivalents at beginning of year | 1,196,908 | 1,905,713 | |
| Cash and cash equivalents at end of year | 3,393,216 | 1,196,908 | 1,905,713 |
| Supplemental noncash investing activities | |||
| Shares issued in connection of business combination and assumed vested awards | 2,145,977 | ||
| Acquisition of property and equipment included in accounts payable and accrued liabilities | 663,771 | 267,334 | 254,393 |
| Estimated fair value of facilities under build-to-suit lease | 307,879 | 174,749 | 50,076 |
| Supplemental Disclosures | |||
| Cash paid during the period for interest | 38,693 | 32,060 | 20,539 |
| Cash paid during the period for taxes, net of refunds | 16,385 | 9,461 | 3,120 |
| External Links | |
| TESLA, INC. (TSLA) Fiscal Year 2016 | |
| 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 |