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: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 13, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash Flows from Operating Activities | |||
| Net loss | $ (775) | (1,063) | (2,241) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation, amortization and impairment | 2,154 | 1,901 | 1,636 |
| Stock-based compensation | 898 | 749 | 467 |
| Amortization of debt discounts and issuance costs | 188 | 159 | 91 |
| Inventory and purchase commitments write-downs | 193 | 85 | 132 |
| Loss on disposals of fixed assets | 146 | 162 | 106 |
| Foreign currency transaction (gains) loss | (48) | (2) | 52 |
| Loss related to SolarCity acquisition | 58 | ||
| Non-cash interest and other operating activities | 186 | 49 | 135 |
| Operating cash flow related to repayment of discounted convertible notes | (188) | ||
| Changes in operating assets and liabilities, net of effect of business combinations: | |||
| Accounts receivable | (367) | (497) | (25) |
| Inventory | (429) | (1,023) | (179) |
| Operating lease vehicles | (764) | (215) | (1,523) |
| Prepaid expenses and other current assets | (288) | (82) | (72) |
| Other non-current assets | 115 | (207) | (15) |
| Accounts payable and accrued liabilities | 682 | 1,723 | 388 |
| Deferred revenue | 801 | 406 | 469 |
| Customer deposits | (58) | (96) | 170 |
| Resale value guarantee | (150) | (111) | 209 |
| Other long-term liabilities | 109 | 160 | 81 |
| Net cash provided by (used in) operating activities | 2,405 | 2,098 | (61) |
| Cash Flows from Investing Activities | |||
| Purchases of property and equipment excluding finance leases, net of sales | (1,327) | (2,101) | (3,415) |
| Purchases of solar energy systems | (105) | (218) | (666) |
| Purchase of intangible assets | (5) | ||
| Receipt of government grants | 46 | ||
| Business combinations, net of cash acquired | (45) | (18) | (115) |
| Net cash used in investing activities | (1,436) | (2,337) | (4,196) |
| Cash Flows from Financing Activities | |||
| Proceeds from issuances of common stock in public offerings, net of underwriting discounts | 848 | 400 | |
| Proceeds from issuances of convertible and other debt | 10,669 | 6,176 | 7,138 |
| Repayments of convertible and other debt | (9,161) | (5,247) | (3,996) |
| Repayments of borrowings issued to related parties | (100) | (165) | |
| Collateralized lease repayments | (389) | (559) | 511 |
| Proceeds from exercises of stock options and other stock issuances | 263 | 296 | 259 |
| Principal payments on finance leases | (321) | (181) | (103) |
| Common stock and debt issuance costs | (37) | (15) | (63) |
| Purchase of convertible note hedges | (476) | (204) | |
| Proceeds from settlement of convertible note hedges | 287 | ||
| Proceeds from issuance of warrants | 174 | 53 | |
| Payments for settlements of warrants | (230) | ||
| Proceeds from investments by noncontrolling interests in subsidiaries | 279 | 437 | 790 |
| Distributions paid to noncontrolling interests in subsidiaries | (311) | (227) | (262) |
| Payments for buy-outs of noncontrolling interests in subsidiaries | (9) | (6) | |
| Net cash provided by financing activities | 1,529 | 574 | 4,415 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | 8 | (23) | 40 |
| Net increase in cash and cash equivalents and restricted cash | 2,506 | 312 | 198 |
| Cash and cash equivalents and restricted cash, beginning of period | 4,277 | 3,965 | |
| Cash and cash equivalents and restricted cash, end of period | 6,783 | 4,277 | 3,965 |
| Supplemental Non-Cash Investing and Financing Activities | |||
| Equity issued in connection with business combination | 207 | ||
| Acquisitions of property and equipment included in liabilities | 562 | 249 | 914 |
| Estimated fair value of facilities under build-to-suit leases | 94 | 313 | |
| Supplemental Disclosures | |||
| Cash paid during the period for interest, net of amounts capitalized | 455 | 381 | 183 |
| Cash paid during the period for taxes, net of refunds | 54 | 35 | 66 |
| External Links | |
| TESLA, INC. (TSLA) Fiscal Year 2019 | |
| 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 |