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: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash Flows from Operating Activities | |||
| Net loss | $ (2,240,578) | (773,046) | (888,663) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 1,636,003 | 947,099 | 422,590 |
| Stock-based compensation | 466,760 | 334,225 | 197,999 |
| Amortization of debt discounts and issuance costs | 91,037 | 94,690 | 78,054 |
| Inventory write-downs | 131,665 | 65,520 | 44,940 |
| Loss on disposals of fixed assets | 105,770 | 34,633 | 37,723 |
| Foreign currency transaction losses (gains) | 52,309 | (29,183) | 55,765 |
| Loss (gain) related to SolarCity acquisition | 57,746 | (88,727) | |
| Non-cash interest and other operating activities | 135,237 | (15,179) | 20,382 |
| Changes in operating assets and liabilities, net of effect of business combinations: | |||
| Accounts receivable | (24,635) | (216,565) | 46,267 |
| Inventories | (178,850) | (632,867) | (369,364) |
| Operating lease vehicles | (1,522,573) | (1,832,836) | (1,204,496) |
| Prepaid expenses and other current assets | (72,084) | 56,806 | (29,595) |
| MyPower customer notes receivable and other assets | (15,453) | (49,353) | (24,362) |
| Accounts payable and accrued liabilities | 388,206 | 750,640 | 263,345 |
| Deferred revenue | 468,902 | 382,962 | 322,203 |
| Customer deposits | 170,027 | 388,361 | 36,721 |
| Resale value guarantee | 208,718 | 326,934 | 442,295 |
| Other long-term liabilities | 81,139 | 132,057 | 23,697 |
| Net cash used in operating activities | (60,654) | (123,829) | (524,499) |
| Cash Flows from Investing Activities | |||
| Purchases of property and equipment excluding capital leases, net of sales | (3,414,814) | (1,280,802) | (1,634,850) |
| Maturities of short-term marketable securities | 16,667 | ||
| Purchases of solar energy systems, leased and to be leased | (666,540) | (159,669) | |
| Increases in restricted cash | (223,090) | (206,149) | (26,441) |
| Business combinations, net of cash acquired | (114,523) | 213,523 | (12,260) |
| Net cash used in investing activities | (4,418,967) | (1,416,430) | (1,673,551) |
| Cash Flows from Financing Activities | |||
| Proceeds from issuances of common stock in public offerings | 400,175 | 1,701,734 | 730,000 |
| Proceeds from issuances of convertible and other debt | 7,138,055 | 2,852,964 | 318,972 |
| Repayments of convertible and other debt | (3,995,484) | (1,857,594) | |
| Repayments of borrowings under Solar Bonds issued to related parties | (165,000) | ||
| Collateralized lease borrowings | 511,321 | 769,709 | 568,745 |
| Proceeds from exercises of stock options and other stock issuances | 259,116 | 163,817 | 106,611 |
| Principal payments on capital leases | (103,304) | (46,889) | (203,780) |
| Common stock and debt issuance costs | (63,111) | (20,042) | (17,025) |
| Purchases of convertible note hedges | (204,102) | ||
| Proceeds from settlements of convertible note hedges | 287,213 | ||
| Proceeds from issuances of warrants | 52,883 | ||
| Proceeds from issuance of common stock in private placement | 20,000 | ||
| Payments for settlements of warrants | (230,385) | ||
| Proceeds from investments by noncontrolling interests in subsidiaries | 789,704 | 201,527 | |
| Distributions paid to noncontrolling interests in subsidiaries | (261,844) | (21,250) | |
| Payments for buy-outs of noncontrolling interests in subsidiaries | (373) | ||
| Net cash provided by financing activities | 4,414,864 | 3,743,976 | 1,523,523 |
| Effect of exchange rate changes on cash and cash equivalents | 39,455 | (7,409) | (34,278) |
| Net (decrease) increase in cash and cash equivalents | (25,302) | 2,196,308 | (708,805) |
| Cash and cash equivalents, beginning of period | 3,393,216 | 1,196,908 | |
| Cash and cash equivalents, end of period | 3,367,914 | 3,393,216 | 1,196,908 |
| Supplemental Non-Cash Investing and Financing Activities | |||
| Shares issued in connection with business combinations and assumed vested awards | 10,528 | 2,145,977 | |
| Acquisitions of property and equipment included in liabilities | 914,108 | 663,771 | 267,334 |
| Estimated fair value of facilities under build-to-suit leases | 313,483 | 307,879 | 174,749 |
| Supplemental Disclosures | |||
| Cash paid during the period for interest, net of amounts capitalized | 182,571 | 38,693 | 32,060 |
| Cash paid during the period for taxes, net of refunds | 65,695 | 16,385 | 9,461 |
| External Links | |
| TESLA, INC. (TSLA) Fiscal Year 2017 | |
| 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 |