Tesla (TSLA) Financials

$47.4 B

Mkt cap, 23-May-2018

$3.4 B

Revenue Q1, 2018
Gross profit (Q1, 2018)456.5 M
Gross profit margin (Q1, 2018), %13.4%
Net income (Q1, 2018)-784.6 M
EBIT (Q1, 2018)-597 M
Cash, 31-Mar-20182.7 B
EV55.4 B

Revenue/Financials

Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

3.2 b4 b7 b11.8 b

Revenue growth, %

59%27%73%68%

Cost of goods sold

2.1 b2.8 b5.4 b9.5 b

Gross profit

1.1 b1.2 b1.6 b2.2 b

Gross profit Margin, %

33%30%23%19%

R&D expense

464.7 m717.9 m834.4 m1.4 b

General and administrative expense

603.7 m922.2 m1.4 b2.5 b

Operating expense total

1.1 b1.6 b2.3 b3.9 b

EBIT

(186.7 m)(716.6 m)(667.3 m)(1.6 b)

EBIT margin, %

(6%)(18%)(10%)(14%)

Interest expense

100.9 m118.9 m198.8 m471.3 m

Interest income

1.1 m1.5 m8.5 m19.7 m

Pre tax profit

(284.6 m)(875.6 m)(746.3 m)31.5 m

Income tax expense

9.4 m13 m26.7 m(2.2 b)

Net Income

(294 m)(888.7 m)(773 m)(2.2 b)

Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.9 b1.2 b3.4 b3.4 b

Accounts Receivable

226.6 m169 m499.1 m515.4 m

Prepaid Expenses

194.5 m268.4 m

Inventories

94.7 m125.2 m2.1 b2.3 b

Current Assets

3.2 b2.8 b6.3 b6.6 b

PP&E

1.8 b3.4 b6 b10 b

Goodwill

60.2 m

Total Assets

5.8 b8.1 b22.7 b28.7 b

Accounts Payable

777.9 m916.1 m1.9 b2.4 b

Short-term debt

984.2 m796.5 m

Current Liabilities

2.1 b2.8 b5.8 b7.7 b

Long-term debt

5.9 b9.4 b

Total Debt

6.8 b10.2 b

Total Liabilities

4.9 b7 b16.8 b23 b

Common Stock

161 k169 k

Additional Paid-in Capital

2.3 b3.4 b7.8 b9.2 b

Retained Earnings

(1.4 b)(2.3 b)(3 b)(5 b)

Total Equity

911.7 m1.1 b4.8 b4.2 b

Debt to Equity Ratio

1.4 x2.4 x

Debt to Assets Ratio

0.3 x0.4 x

Financial Leverage

6.4 x7.4 x4.8 x6.8 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

2.4 b2.7 b2.4 b1.5 b1.2 b1.4 b1.4 b3.2 b3.1 b4 b3 b3.5 b2.7 b

Accounts Receivable

72.4 m96.6 m156.9 m200.1 m138.6 m120 m318.1 m178.6 m326.9 m440.3 m453.5 m607.7 m652.8 m

Prepaid Expenses

268.4 m

Inventories

450.7 m596.9 m752.5 m1.1 b1.2 b1.3 b1.3 b1.6 b1.6 b2.2 b2.4 b2.5 b2.6 b

Current Assets

3.2 b3.4 b3.4 b2.9 b2.6 b3 b3.2 b5.2 b5.2 b7 b6.4 b7.1 b6.4 b

PP&E

849.4 m1 b1.4 b2.2 b2.6 b3.1 b3.6 b4 b4.3 b7 b8.4 b9.4 b10.5 b

Goodwill

41 m43.8 m45.2 m61.3 m

Total Assets

4.5 b5.1 b5.4 b6.1 b6.5 b7.5 b9.2 b11.9 b12.6 b25.1 b26 b28.1 b27.3 b

Accounts Payable

375.8 m443.5 m649.4 m732.3 m771.6 m824.9 m1 b1.1 b1.6 b2.1 b2.4 b2.4 b2.6 b

Short-term debt

1.9 b

Current Liabilities

1.4 b1.6 b1.8 b2.2 b2.4 b2.6 b3.2 b3.8 b4.1 b6.2 b6.5 b6.5 b8.7 b

Long-term debt

8.8 b

Total Debt

10.7 b

Total Liabilities

3.5 b4 b4.4 b5.2 b5.7 b6.2 b8.2 b9.3 b9.9 b18.9 b19.5 b21.9 b21.6 b

Common Stock

170 k

Additional Paid-in Capital

2.1 b2.2 b2.3 b2.4 b2.5 b3.3 b3.6 b5.4 b5.5 b8.4 b8.8 b9 b9.4 b

Retained Earnings

(1.2 b)(1.3 b)(1.3 b)(1.6 b)(1.8 b)(2 b)(2.6 b)(2.9 b)(2.9 b)(3.3 b)(3.7 b)(4.3 b)(5.1 b)

Total Equity

912.1 m952.3 m958.1 m826 m715.9 m1.3 b970.4 m2.5 b2.7 b5 b5.1 b4.7 b4.5 b

Financial Leverage

4.9 x5.3 x5.7 x7.4 x9 x5.7 x9.5 x4.7 x4.7 x5 x5.1 x6 x6.1 x

Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(294 m)(888.7 m)(773 m)(2.2 b)

Depreciation and Amortization

231.9 m422.6 m947.1 m1.6 b

Accounts Receivable

(180 m)46.3 m(216.6 m)(24.6 m)

Inventories

(178.9 m)

Accounts Payable

252.8 m252.8 m750.6 m388.2 m

Cash From Operating Activities

(57.3 m)(524.5 m)(123.8 m)(60.7 m)

Purchases of PP&E

(969.9 m)(1.6 b)(1.3 b)(3.4 b)

Cash From Investing Activities

(990.4 m)(1.7 b)(1.4 b)(4.4 b)

Cash From Financing Activities

2.1 b1.5 b3.7 b4.4 b

Net Change in Cash

(25.3 m)

Interest Paid

20.5 m32.1 m38.7 m182.6 m

Income Taxes Paid

3.1 m9.5 m16.4 m65.7 m

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

(154.2 m)(338.4 m)(568.3 m)(282.3 m)(575.5 m)(553.6 m)(397.2 m)(798.6 m)(1.5 b)(784.6 m)

Depreciation and Amortization

77.1 m168.5 m278.9 m156.5 m339.7 m620.2 m376.6 m765.8 m1.2 b416.2 m

Accounts Receivable

2.2 m62.8 m78.4 m(159.3 m)(1.4 m)(110.5 m)91.5 m77 m(105.6 m)(169.1 m)

Inventories

(322.1 m)

Accounts Payable

(43.2 m)61.3 m89.2 m60.6 m212.9 m697.5 m2.5 m13.2 m170.3 m318 m

Cash From Operating Activities

(131.8 m)(291.3 m)(494.7 m)(249.6 m)(99.3 m)324.4 m(69.8 m)(270 m)(570.5 m)(398.4 m)

Purchases of PP&E

(426.1 m)(831.2 m)(1.2 b)(216.9 m)(511.6 m)(759.2 m)(552.6 m)(1.5 b)(2.6 b)(655.7 m)

Cash From Investing Activities

(432.3 m)(855.2 m)(1.3 b)(233.8 m)(553.7 m)(821.7 m)(926.9 m)(2.1 b)(3.5 b)(728.6 m)

Cash From Financing Activities

(395.6 m)404.5 m1.3 b715.4 m2.7 b2.4 b1.6 b2 b4.1 b371.7 m

Net Change in Cash

(745.3 m)

Ratios

USDY, 2018

EV/EBIT

-92.8 x

EV/CFO

-139.1 x

Financial Leverage

6.1 x
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Operating Metrics

Tesla's Vehicles Produced was reported to be 34.5 k in Q1, 2018. Tesla's Vehicles Sold was reported to be 254.2 k in Nov, 2017.
FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Nov, 2017Q4, 2017FY, 2017Q1, 2018

Vehicles Produced

15.51 k18.35 k25.18 k84 k25.42 k25.71 k26.15 k271.13 k24.57 k34.49 k

Manufacturing Facilities

2 2 6 6

Vehicles Delivered

35 k50.58 k76.23 k29.97 k103.18 k30 k

Service Centers

95 118 135

Mobile Service Vehicles

230 300

Vehicles Sold

254.21 k

Wall Connectors Installed

1.80 k3.10 k7.11 k

Locations

159 208 265 330 339

New Store and Service Locations

12 9

Vehicles Produced (Model 3)

260 2.43 k9.77 k

Vehicles Delivered (Model 3)

1.55 k8.18 k

Charging Stations

1.13 k1.21 k

Total Storage Deployed, Mwh

143 373
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