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: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 8, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash Flows from Operating Activities | |||
| Net income (loss) | $ 862 | (775) | (1,063) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation, amortization and impairment | 2,322 | 2,154 | 1,901 |
| Stock-based compensation | 1,734 | 898 | 749 |
| Amortization of debt discounts and issuance costs | 180 | 188 | 159 |
| Inventory and purchase commitments write-downs | 202 | 193 | 85 |
| Loss on disposals of fixed assets | 117 | 146 | 162 |
| Foreign currency transaction net loss (gain) | 114 | (48) | (2) |
| Non-cash interest and other operating activities | 228 | 186 | 49 |
| Operating cash flow related to repayment of discounted convertible senior notes | (188) | ||
| Changes in operating assets and liabilities, net of effect of business combinations: | |||
| Accounts receivable | (652) | (367) | (497) |
| Inventory | (422) | (429) | (1,023) |
| Operating lease vehicles | (1,072) | (764) | (215) |
| Prepaid expenses and other current assets | (251) | (288) | (82) |
| Other non-current assets | (344) | 115 | (207) |
| Accounts payable and accrued liabilities | 2,102 | 646 | 1,797 |
| Deferred revenue | 321 | 801 | 406 |
| Customer deposits | 7 | (58) | (96) |
| Other long-term liabilities | 495 | (5) | (25) |
| Net cash provided by operating activities | 5,943 | 2,405 | 2,098 |
| Cash Flows from Investing Activities | |||
| Purchases of property and equipment excluding finance leases, net of sales | (3,157) | (1,327) | (2,101) |
| Purchases of solar energy systems, net of sales | (75) | (105) | (218) |
| Receipt of government grants | 123 | 46 | |
| Purchase of intangible assets | (10) | (5) | |
| Business combinations, net of cash acquired | (13) | (45) | (18) |
| Net cash used in investing activities | (3,132) | (1,436) | (2,337) |
| Cash Flows from Financing Activities | |||
| Proceeds from issuances of common stock in public offerings, net of issuance costs | 12,269 | 848 | |
| Proceeds from issuances of convertible and other debt | 9,713 | 10,669 | 6,176 |
| Repayments of convertible and other debt | (11,623) | (9,161) | (5,247) |
| Repayments of borrowings issued to related parties | (100) | ||
| Collateralized lease repayments | (240) | (389) | (559) |
| Proceeds from exercises of stock options and other stock issuances | 417 | 263 | 296 |
| Principal payments on finance leases | (338) | (321) | (181) |
| Debt issuance costs | (6) | (37) | (15) |
| Purchase of convertible note hedges | (476) | ||
| Proceeds from issuance of warrants | 174 | ||
| Proceeds from investments by noncontrolling interests in subsidiaries | 24 | 279 | 437 |
| Distributions paid to noncontrolling interests in subsidiaries | (208) | (311) | (227) |
| Payments for buy-outs of noncontrolling interests in subsidiaries | (35) | (9) | (6) |
| Net cash provided by financing activities | 9,973 | 1,529 | 574 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | 334 | 8 | (23) |
| Net increase in cash and cash equivalents and restricted cash | 13,118 | 2,506 | 312 |
| Cash and cash equivalents and restricted cash, beginning of period | 6,783 | 4,277 | |
| Cash and cash equivalents and restricted cash, end of period | 19,901 | 6,783 | 4,277 |
| Supplemental Non-Cash Investing and Financing Activities | |||
| Equity issued in connection with business combination | 207 | ||
| Acquisitions of property and equipment included in liabilities | 1,088 | 562 | 249 |
| Estimated fair value of facilities under build-to-suit leases | 94 | ||
| Supplemental Disclosures | |||
| Cash paid during the period for interest, net of amounts capitalized | 444 | 455 | 381 |
| Cash paid during the period for taxes, net of refunds | 115 | 54 | 35 |
| External Links | |
| TESLA, INC. (TSLA) Fiscal Year 2020 | |
| 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 |