← Tesla, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($674.9m) | ($2.0b) | ($976.1m) | ($862.0m) | $721.0m | $5.5b | $12.6b | $15.0b | $7.1b | $3.8b | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($674.9m) | ($2.0b) | ($1.1b) | ($775.0m) | $690.0m | $5.5b | $12.6b | $15.0b | $7.1b | $3.8b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($98.1m) | ($279.2m) | ($86.5m) | $87.0m | $141.0m | $125.0m | $31.0m | ($23.0m) | $62.0m | $61.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($773.0m) | ($2.2b) | ($1.1b) | ($775.0m) | $862.0m | $5.6b | $12.6b | $15.0b | $7.2b | $3.9b | |
| Amortization of Debt Issuance Costs | — | — | $6.6m | $7.0m | $7.0m | $5.0m | $0 | ($29.0m) | ($14.0m) | ($6.0m) | |
| Amortization of Debt Issuance Costs and Discounts | — | $91.0m | $158.7m | $188.0m | $180.0m | ($9.0m) | $0 | ($29.0m) | ($14.0m) | ($6.0m) | |
| Amortization of Intangible Assets | — | — | — | $44.0m | $51.0m | $51.0m | — | — | — | — | |
| Depreciation | — | — | $1.1b | $1.4b | $1.6b | $1.9b | $2.4b | $3.3b | $4.1b | $5.0b | |
| Depreciation, Depletion and Amortization | $477.3m | $769.3m | $1.1b | $1.4b | $1.6b | $1.9b | $2.4b | $3.3b | $4.1b | $5.0b | |
| Depreciation, amortization and impairment | $947.1m | $1.6b | $1.9b | $2.2b | $2.3b | $2.9b | $3.7b | $4.7b | $5.4b | $6.1b | |
| Deferred Income Tax Expense (Benefit) | ($27.8m) | ($3.6m) | $32.3m | $19.0m | $40.0m | ($149.0m) | ($196.0m) | ($6.3b) | $477.0m | $123.0m | |
| Deferred income taxes | — | — | — | — | — | ($149.0m) | ($196.0m) | ($6.3b) | $477.0m | $123.0m | |
| Goodwill, Impairment Loss | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | $13.3m | — | — | $101.0m | $204.0m | $0 | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | $101.0m | $204.0m | — | — | — | |
| Share-based Payment Arrangement, Expense | $334.2m | $466.8m | $749.0m | $898.0m | $1.7b | $2.1b | $1.6b | $1.8b | $2.0b | $2.8b | |
| Share-based Payment Arrangement, Noncash Expense | $334.2m | $466.8m | $749.0m | $898.0m | $1.7b | $2.1b | $1.6b | $1.8b | $2.0b | $2.8b | |
| Gain (Loss) on Disposition of Assets | — | — | — | ($37.0m) | $0 | ($27.0m) | $140.0m | $0 | ($589.0m) | $68.0m | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | — | — | $0 | ($27.0m) | $64.0m | $0 | ($589.0m) | $68.0m | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($34.6m) | ($105.8m) | ($161.4m) | ($146.0m) | ($117.0m) | $2.3b | $2.1b | $2.3b | $1.4b | $1.9b | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | ($105.0m) | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $26.7m | $31.5m | $57.8m | $110.0m | $292.0m | $699.0m | $1.1b | ($5.0b) | $1.8b | $1.4b | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $350.0m | $338.0m | |
| Operating Lease, Expense | — | — | — | $426.0m | $451.0m | $627.0m | $798.0m | — | — | — | |
| Operating lease vehicles | ($1.8b) | ($1.5b) | ($214.7m) | ($764.0m) | ($1.1b) | $2.1b | ($1.6b) | ($2.0b) | ($590.0m) | ($25.0m) | |
| Other Nonoperating Income (Expense) | $111.3m | ($125.4m) | $21.9m | $45.0m | ($122.0m) | $135.0m | ($43.0m) | $172.0m | $695.0m | ($419.0m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Accounts payable, accrued and other liabilities | $750.6m | $388.2m | $1.7b | $682.0m | $2.1b | $4.6b | $6.0b | $2.6b | $3.6b | $4.4b | |
| Accounts receivable | ($216.6m) | ($24.6m) | ($496.7m) | ($367.0m) | ($652.0m) | $130.0m | ($1.1b) | ($586.0m) | ($1.1b) | ($261.0m) | |
| Deferred revenue | $383.0m | $468.9m | $406.7m | $801.0m | $321.0m | $793.0m | $1.1b | $1.5b | $502.0m | $363.0m | |
| Digital assets loss (gain), net | — | — | — | — | $0 | ($27.0m) | $140.0m | $0 | ($589.0m) | $68.0m | |
| Foreign Currency Transaction Gain (Loss), Realized | $26.1m | $52.3m | $1.5m | $48.0m | ($114.0m) | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | — | ($48.0m) | $114.0m | ($55.0m) | ($81.0m) | $144.0m | $73.0m | ($452.0m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | $29.2m | ($52.3m) | $1.5m | ($48.0m) | $114.0m | ($55.0m) | $81.0m | ($144.0m) | ($73.0m) | $452.0m | |
| Foreign currency transaction net unrealized loss (gain) | — | — | — | ($48.0m) | $114.0m | ($55.0m) | $81.0m | ($144.0m) | ($73.0m) | $452.0m | |
| Gain (Loss) on Investments | — | — | — | — | — | — | $64.0m | — | — | — | |
| Goodwill | — | $60.2m | $68.2m | $198.0m | $207.0m | $200.0m | $194.0m | $253.0m | $244.0m | $257.0m | |
| Increase (Decrease) in Accounts Receivable | $216.6m | $24.6m | $496.7m | $367.0m | $652.0m | ($130.0m) | $1.1b | $586.0m | $1.1b | $261.0m | |
| Increase (Decrease) in Inventories | — | $178.8m | $1.0b | $429.0m | $422.0m | ($1.7b) | $6.5b | $1.2b | ($937.0m) | $630.0m | |
| Increase (Decrease) in Other Operating Assets | $52.8m | — | — | — | — | — | — | — | — | — | |
| Inventory | ($632.9m) | ($178.8m) | ($1.0b) | ($429.0m) | ($422.0m) | $1.7b | ($6.5b) | ($1.2b) | $937.0m | ($630.0m) | |
| Inventory Write-down | $65.5m | $131.7m | $85.3m | $193.0m | $202.0m | $140.0m | $177.0m | $463.0m | $335.0m | $362.0m | |
| Inventory and purchase commitments write-downs | $65.5m | $131.7m | $85.3m | $193.0m | $202.0m | $140.0m | $177.0m | $463.0m | $335.0m | $362.0m | |
| Investment Income, Interest | $8.5m | $19.7m | $24.5m | $44.0m | $30.0m | $56.0m | $297.0m | $1.1b | $1.6b | $1.7b | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | — | ($48.0m) | $114.0m | ($1.0m) | $81.0m | ($144.0m) | ($73.0m) | $452.0m | |
| Operating Expenses | $2.3b | $3.9b | $4.4b | $4.1b | $4.6b | $7.1b | $7.2b | $8.8b | $10.4b | $12.7b | |
| Payment of legal fees associated with shareholder settlement | — | — | — | — | — | — | — | $0 | $0 | ($176.0m) | |
| Payments for Repurchase of Warrants | — | $230.4m | $11k | — | — | — | — | — | — | — | |
| Payments of Financing Costs | $20.0m | $63.1m | $15.0m | $37.0m | — | — | — | — | — | — | |
| Prepaid expenses and other assets | $56.8m | ($72.1m) | ($82.1m) | ($288.0m) | ($251.0m) | $271.0m | ($1.4b) | ($2.7b) | ($3.3b) | ($3.2b) | |
| Principal payments on finance leases | — | ($103.0m) | ($181.0m) | ($321.0m) | ($338.0m) | ($439.0m) | ($502.0m) | ($464.0m) | ($381.0m) | ($104.0m) | |
| Proceeds from exercises of stock options and other stock issuances, net of issuance costs | $163.8m | $259.1m | $295.7m | $263.0m | $417.0m | $707.0m | $541.0m | $700.0m | $1.2b | $1.2b | |
| Proceeds received from directors in shareholder settlement | — | — | — | — | — | — | — | $0 | $0 | $277.0m | |
| Restructuring Costs | — | — | $55.2m | — | — | — | — | — | — | — | |
| Stock-based compensation | $334.2m | $466.8m | $749.0m | $898.0m | $1.7b | $2.1b | $1.6b | $1.8b | $2.0b | $2.8b | |
| Unrealized Gain (Loss) on Investments | — | — | — | ($48.0m) | $114.0m | ($55.0m) | ($23.0m) | $16.0m | $12.0m | ($7.0m) | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | — | $5.6m | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | ($123.8m) | ($60.7m) | $2.1b | $2.4b | $5.9b | $11.5b | $14.7b | $13.3b | $14.9b | $14.7b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.3b | $3.4b | $2.1b | $1.3b | $3.2b | $6.5b | $7.2b | $8.9b | $11.3b | $8.5b | |
| Business combinations, net of cash acquired | $213.5m | ($114.5m) | ($17.9m) | ($45.0m) | ($13.0m) | $0 | $0 | ($64.0m) | $0 | $0 | |
| Payments to Acquire Businesses, Net of Cash Acquired | ($213.5m) | $114.5m | $17.9m | $45.0m | $13.0m | $0 | $0 | $64.0m | $0 | $0 | |
| Payments to Acquire Investments | — | — | — | — | — | — | $5.8b | $19.1b | $36.0b | $37.1b | |
| Purchases of investments | — | — | — | — | $0 | ($132.0m) | ($5.8b) | ($19.1b) | ($36.0b) | ($37.1b) | |
| Proceeds from maturities of investments | — | — | — | — | $0 | $0 | $22.0m | $12.4b | $28.3b | $30.2b | |
| Proceeds from sales of investments | — | — | — | — | — | $0 | $0 | $138.0m | $200.0m | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($1.4b) | ($4.4b) | ($2.3b) | ($1.4b) | ($3.1b) | ($7.9b) | ($12.0b) | ($15.6b) | ($18.8b) | ($15.5b) | |
| Cash flows from financing activities: | |||||||||||
| Debt issuance costs | — | — | ($15.0m) | ($37.0m) | ($6.0m) | ($9.0m) | $0 | ($29.0m) | ($14.0m) | ($6.0m) | |
| Proceeds from issuances of debt | — | — | — | — | $9.7b | $8.9b | $0 | $3.9b | $5.7b | $5.6b | |
| Repayments of debt | — | — | — | — | — | ($14.2b) | ($3.4b) | ($1.4b) | ($2.5b) | ($5.5b) | |
| Proceeds from Issuance of Common Stock | $1.7b | $400.2m | $295.7m | $848.0m | $12.3b | $0 | $0 | $700.0m | $1.2b | $1.2b | |
| Payments for buy-outs of noncontrolling interests in subsidiaries | — | ($373k) | ($6.0m) | ($9.0m) | ($35.0m) | $10.0m | ($45.0m) | ($54.0m) | ($133.0m) | $0 | |
| Proceeds from Noncontrolling Interests | $201.5m | $789.7m | $437.1m | $279.0m | $24.0m | $2.0m | $0 | $0 | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $3.7b | $4.4b | $573.8m | $1.5b | $10.0b | ($5.2b) | ($3.5b) | $2.6b | $3.9b | $1.1b | |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | ($6.6m) | $39.7m | ($22.7m) | $8.0m | $334.0m | ($183.0m) | ($444.0m) | $4.0m | ($141.0m) | $171.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($6.6m) | $39.7m | $311.4m | $2.5b | $13.1b | ($1.8b) | ($1.2b) | $265.0m | ($152.0m) | $579.0m | |
| Net increase (decrease) in cash and cash equivalents and restricted cash | $2.5b | $198.1m | $311.4m | $2.5b | $13.1b | ($1.8b) | ($1.2b) | $265.0m | ($152.0m) | $579.0m | |
| Cash and cash equivalents and restricted cash, beginning of period | $3.8b | $4.0b | $4.3b | $6.8b | $19.9b | $18.1b | $16.9b | $17.2b | $17.0b | $17.6b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | ($7.8m) | $135.2m | $380.8m | $455.0m | $444.0m | $266.0m | $152.0m | $126.0m | $277.0m | $292.0m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $1.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.