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: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 19, 2019) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash Flows from Operating Activities | |||
| Net loss | $ (1,062,582) | (2,240,578) | (773,046) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation, amortization and impairment | 1,901,050 | 1,636,003 | 947,099 |
| Stock-based compensation | 749,024 | 466,760 | 334,225 |
| Amortization of debt discounts and issuance costs | 158,730 | 91,037 | 94,690 |
| Inventory write-downs | 85,272 | 131,665 | 65,520 |
| Loss on disposals of fixed assets | 161,361 | 105,770 | 34,633 |
| Foreign currency transaction (gains) losses | (1,511) | 52,309 | (29,183) |
| Loss (gain) related to SolarCity acquisition | 57,746 | (88,727) | |
| Non-cash interest and other operating activities | 48,507 | 135,237 | (15,179) |
| Changes in operating assets and liabilities, net of effect of business combinations: | |||
| Accounts receivable | (496,732) | (24,635) | (216,565) |
| Inventory | (1,023,264) | (178,850) | (632,867) |
| Operating lease vehicles | (214,747) | (1,522,573) | (1,832,836) |
| Prepaid expenses and other current assets | (82,125) | (72,084) | 56,806 |
| Other assets and MyPower customer notes receivable | (207,409) | (15,453) | (49,353) |
| Accounts payable and accrued liabilities | 1,722,850 | 388,206 | 750,640 |
| Deferred revenue | 406,661 | 468,902 | 382,962 |
| Customer deposits | (96,685) | 170,027 | 388,361 |
| Resale value guarantee | (110,564) | 208,718 | 326,934 |
| Other long-term liabilities | 159,966 | 81,139 | 132,057 |
| Net cash provided by (used in) operating activities | 2,097,802 | (60,654) | (123,829) |
| Cash Flows from Investing Activities | |||
| Purchases of property and equipment excluding capital leases, net of sales | (2,100,724) | (3,414,814) | (1,280,802) |
| Maturities of short-term marketable securities | 16,667 | ||
| Purchases of solar energy systems, leased and to be leased | (218,792) | (666,540) | (159,669) |
| Business combinations, net of cash acquired | (17,912) | (114,523) | 342,719 |
| Net cash used in investing activities | (2,337,428) | (4,195,877) | (1,081,085) |
| Cash Flows from Financing Activities | |||
| Proceeds from issuances of common stock in public offerings | 400,175 | 1,701,734 | |
| Proceeds from issuances of convertible and other debt | 6,176,173 | 7,138,055 | 2,852,964 |
| Repayments of convertible and other debt | (5,247,057) | (3,995,484) | (1,857,594) |
| Repayments of borrowings issued to related parties | (100,000) | (165,000) | |
| Collateralized lease (repayments) borrowings | (559,167) | 511,321 | 769,709 |
| Proceeds from exercises of stock options and other stock issuances | 295,722 | 259,116 | 163,817 |
| Principal payments on capital leases | (180,805) | (103,304) | (46,889) |
| Common stock and debt issuance costs | (14,973) | (63,111) | (20,042) |
| Purchases of convertible note hedges | (204,102) | ||
| Proceeds from settlement of convertible note hedges | 287,213 | ||
| Proceeds from issuances of warrants | 52,883 | ||
| Payments for settlements of warrants | (11) | (230,385) | |
| Proceeds from investments by noncontrolling interests in subsidiaries | 437,134 | 789,704 | 201,527 |
| Distributions paid to noncontrolling interests in subsidiaries | (227,304) | (261,844) | (21,250) |
| Payments for buy-outs of noncontrolling interests in subsidiaries | (5,957) | (373) | |
| Net cash provided by financing activities | 573,755 | 4,414,864 | 3,743,976 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | (22,700) | 39,726 | (6,553) |
| Net increase in cash and cash equivalents and restricted cash | 311,429 | 198,059 | 2,532,509 |
| Cash and cash equivalents and restricted cash, beginning of period | 3,964,959 | 3,766,900 | |
| Cash and cash equivalents and restricted cash, end of period | 4,276,388 | 3,964,959 | 3,766,900 |
| 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 | 249,141 | 914,108 | 663,771 |
| Estimated fair value of facilities under build-to-suit leases | 94,445 | 313,483 | 307,879 |
| Supplemental Disclosures | |||
| Cash paid during the period for interest, net of amounts capitalized | 380,836 | 182,571 | 38,693 |
| Cash paid during the period for taxes, net of refunds | 35,409 | 65,695 | 16,385 |
| External Links | |
| TESLA, INC. (TSLA) Fiscal Year 2018 | |
| 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 |