Tesla, Inc. TSLA Cash Flow

Tesla, inc. (TSLA)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash Flows from Operating Activities
Net income (loss)
68,000	132,000	149,907	-388,907	-668,000	210,000	254,333	-742,706	-784,627	-771,229	-671,163	-401,427	-397,181	-219,469	21,878	-293,188	-282,267	-320,397	-229,858	-184,227	-154,181	-107,629	-74,709	-61,902	-49,800	-16,264	-38,496	-30,502	11,248	-89,931	-110,806	-105,603	-89,873	-81,489	-65,078	-58,903	-48,941
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation, amortization and impairment
553,000	577,000	530,851	578,149	468,000	497,000	502,512	485,255	416,233	469,603	400,624	389,171	376,602	326,939	280,468	183,232	156,460	143,723	110,366	91,389	77,112	67,976	64,972	54,715	44,268	37,585	28,450	22,198	17,850	12,792	7,522	4,348	4,163	4,804	4,280	4,318	3,517
Stock-based compensation
211,000	281,000	198,759	210,241	208,000	205,000	205,017	197,344	141,639	134,588	112,653	116,042	103,717	87,713	89,543	67,311	89,658	55,640	55,998	43,335	43,026	44,516	39,158	35,784	37,038	25,171	20,984	19,714	14,868	14,416	12,475	12,543	10,711	8,682	7,885	6,926	5,926
Amortization of debt discounts and issuance costs
46,000	50,000	55,877	42,123	40,000	38,000	46,581	35,074	39,345	30,387	-6,792	35,658	31,747	24,829	28,165	21,083	20,613	26,678	17,664	15,771	17,941	14,100	23,532	23,609	8,493	-	-	-	-	-	-	-	-	-	-	-	-
Inventory and purchase commitments write-downs
45,000	26,000	51,328	34,672	81,000	25,000	13,902	27,552	18,546	33,653	27,092	44,337	26,918	15,231	20,564	16,715	13,010	21,637	7,353	10,049	5,901	1,114	10,645	2,272	1,578	2,130	1,199	4,057	1,532	840	411	1,066	2,612	408	768	269	383
Loss on disposals of fixed assets
-7,000	-77,000	-21,069	-29,931	-18,000	-29,000	-14,150	-66,613	-52,237	-46,360	-6,068	-12,452	-41,120	-22,452	-618	14,608	-26,171	-28,923	-3,809	-2,238	-2,753	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency transaction net loss (gain)
-19,000	-	-	-	39,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of DOE warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10,692	-958	-1,205	154	155	-649	-340	-340	-1,421
Discounts and premiums on short-term marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15	-41	-	-	-	0
Other non-cash operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,862	-	-841	-1,101	-2,561	-3,003	743	55	390	-2,783	2,397	-838	-182	263	199	-240	11
Foreign currency transaction gains
-	-	-	-	-	-	13,185	41,476	-47,661	-	-6,539	-24,330	-5,064	39,605	-18,503	-1,275	9,356	-20,182	-18,812	11,206	-27,977	-816	2,497	-1,699	1,909	-	-	-	-	-	-	-	-	-	-	-	-
Loss related to SolarCity acquisition
-	-	-	-	-	-	-	-	-	-28,204	-18,225	0	-11,571	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash interest and other operating activities
-58,000	3,000	-30,301	-42,699	-116,000	-27,000	-16,315	-9,669	3,984	-25,271	-55,960	-60,358	6,589	30,977	369	-9,032	-7,135	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating cash flow related to repayment of discounted convertible notes
-	0	-107	107	188,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of effect of business combinations:
Accounts receivable
14,000	217,000	-18,312	68,312	100,000	-189,000	587,491	-70,633	169,142	-80,643	182,686	14,498	-91,541	106,055	109,084	-157,901	159,327	32,106	-15,541	-60,657	-2,175	74,486	61,241	24,210	23,721	989	-66,162	67,581	19,297	17,678	-1,858	-2,567	4,050	-8,711	-5,058	3,048	13,550
Inventory
981,000	-56,000	132,572	-456,572	809,000	-88,000	55,444	733,475	322,081	-239,970	25,268	269,188	124,514	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease vehicles
197,000	297,000	291,102	188,898	-13,000	26,000	2,792	89,012	97,196	439,860	355,687	268,488	458,965	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories and operating lease vehicles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	705,260	512,671	-	385,162	399,011	307,209	377,601	214,531	259,538	198,594	102,144	229,170	147,467	-18,220	90,694	85,594	12,838	5,600	2,807	-2,133	6,001	6,963
Prepaid expenses and other current assets
154,000	52,000	96,859	93,141	46,000	51,000	-64,194	45,193	50,001	-51,832	10,640	37,688	75,504	-22,170	-15,142	-28,628	9,134	-6,367	32,577	-40,090	43,475	31,120	5,310	12,778	11,429	8,418	5,550	990	2,575	630	829	-97	-2,483	-937	1,343	-1,581	1,423
Other non-current assets
-40,000	-69,000	-3,835	-14,165	-28,000	145,000	2,554	1,863	57,583	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets and MyPower customer notes receivable
-	-	-	-	-	-	-	-	-	-	8,711	-18,333	-8,006	46,767	-4,861	585	6,862	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,942	2,300	6,055	-1,178	5,214	610	-153	476	259	-143	-158	336	67	65	14	-47	-40	9	366
Accounts payable and accrued liabilities
-265,000	540,000	92,102	90,898	-41,000	95,000	718,280	591,737	317,983	217,674	157,092	10,703	2,531	53,112	484,579	152,356	60,593	174,107	27,977	13,768	47,493	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
53,000	176,000	148,444	158,556	318,000	122,000	176,503	61,702	45,795	139,993	120,322	104,744	103,941	126,775	91,043	75,473	89,671	135,948	69,443	66,083	50,729	67,187	41,235	50,865	50,394	78,059	96,929	89,051	4,059	-417	5	-290	176	-311	-493	-614	-509
Customer deposits
88,000	56,000	46,376	-135,376	-25,000	-106,000	-32,920	-24,439	67,359	166,185	74,879	-20,060	-51,004	-20,778	10,584	297,751	100,804	16,407	741	22,585	-3,012	35,087	6,197	29,965	34,981	22,098	6,535	3,824	-8,103	479	4,891	20,129	21,557	26,546	12,029	13,774	8,657
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	78,257	-	33,796	-34,036	25,661	116,593	69,878	10,744	-7,271	-19,897	11,540	20,290	7,958
Accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,280	-	19,357	14,050	926	11,437	-4,712	1,930	948	12,409	341	-1,914	-216
Resale value guarantee
-	-	-	-	-	-	-	-	-	67,956	-35,461	-8,074	184,579	4,690	68,534	103,074	150,636	192,747	106,332	80,504	62,712	87,710	52,550	54,914	54,318	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
-17,000	-62,000	56,085	128,915	-14,000	86,000	92,076	42,484	-60,560	4,876	16,392	3,123	56,609	87,747	-21,097	50,146	15,261	-16,533	11,200	-12,427	41,457	17,695	23,445	7,973	12,855	4,358	10,604	8,231	9,834	6,620	2,436	409	790	350	1,208	285	798
Net cash used in operating activities
-440,000	1,425,000	756,000	864,000	-640,000	1,235,000	1,391,040	-129,664	-398,376	509,545	-300,562	-200,172	-69,811	-448,209	423,649	150,336	-249,605	-29,849	-203,340	-159,516	-131,794	-86,402	-27,996	-1,662	58,723	133,987	102,036	-35,298	64,079	-35,225	-101,026	-64,264	-63,300	-40,758	-21,491	-22,488	-43,297
Cash Flows from Investing Activities
Purchases of property and equipment excluding finance leases, net of sales
455,000	412,000	385,391	249,609	280,000	325,000	510,525	609,813	655,662	786,874	1,116,434	959,068	552,624	521,612	247,611	294,720	216,859	411,222	392,403	405,165	426,060	368,661	284,175	175,685	141,364	89,434	76,548	40,515	57,727	64,053	62,398	58,003	54,774	40,592	68,844	54,314	20,476
Purchases of solar energy systems, net of sales
26,000	-	-	-	25,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of solar energy systems
-	-	-	-	-	29,000	48,625	67,400	72,975	118,915	128,293	198,844	219,948	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receipt of government grants
1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of short-term investments and marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	5,563	11,157	189,111	-	-	-	-	0	0	0	14,992	-	-	-	-
Maturities of short-term marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	25,000	15,000	-	-	-	0
Withdrawals out of our dedicated DOE account, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-14,821	69	-148	-254	-19,216	10,998	-31,829	-80,640	93,002	-30,654
Increases in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,395	41,801	16,960	3,058	11,687	5,412	6,284	3,560	1,905	-321	-1,295	-181	-954	-1,480	2,560	-3,148	1,870	2,145	463	2,314	318	502	67
Business combinations, net of cash acquired
-	0	76,012	-32,012	1,000	-	-	-	-	5,853	0	0	109,147	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-480,000	-403,000	-485,612	-241,388	-306,000	-365,000	-560,546	-682,817	-728,637	-911,642	-1,244,727	-1,157,912	-881,719	-259,406	-268,006	-319,854	-233,819	-414,280	-404,090	-422,837	-432,344	-372,231	-291,643	2,610	-329,180	-89,505	-77,502	-27,174	-55,236	-60,757	-64,014	-15,932	-66,227	28,923	-178,170	-23,122	10,111
Cash Flows from Financing Activities
Proceeds from issuances of common stock in public offerings, net of issuance costs
2,309,000	-	-	-	-	-	-	-	-	-175	0	0	400,175	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuances of convertible and other debt
2,802,000	3,550,000	2,111,519	3,513,481	1,494,000	2,229,000	903,773	1,267,746	1,775,481	1,736,842	2,992,572	570,420	1,838,166	1,167,685	577,279	678,000	430,000	135,000	15,726	90,585	77,661	0	0	300,000	2,000,000	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of convertible and other debt
2,318,000	3,560,000	1,900,668	1,730,332	1,970,000	2,136,000	842,284	879,328	1,389,388	1,553,058	1,030,656	721,341	690,945	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of borrowings issued to related parties
-	-	-	-	-	0	82,500	0	17,500	0	0	75,000	90,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collateralized lease repayments
-97,000	-87,000	-82,677	-85,323	-134,000	-216,000	-142,482	-113,426	-87,092	94,573	80,752	149,320	186,355	212,040	173,144	142,762	241,763	208,794	163,416	118,574	77,961	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercises of stock options and other stock issuances
160,000	96,000	71,415	17,585	78,000	76,000	94,929	31,053	94,018	19,672	80,415	101,606	57,307	10,356	42,983	57,640	52,838	12,585	35,155	23,653	35,218	10,530	36,810	17,389	35,726	13,088	27,128	37,188	17,903	6,807	7,687	1,398	8,993	2,713	2,895	1,211	3,706
Principal payments on finance leases
100,000	98,000	80,429	75,571	67,000	75,000	57,818	29,395	18,787	172,496	-32,639	-18,554	-18,303	-16,442	-12,177	-10,142	-8,128	-130,874	-59,005	-10,175	-3,726	-2,477	-3,056	-3,101	-2,545	-2,045	-2,746	10,585	-14,219	-1,148	-763	-492	-429	-	-	-	-
Debt issuance costs
-	-	-	-	8,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock and debt issuance costs
-	-	-	-	-	10,000	1,329	758	2,913	12,470	36,842	2,594	11,094	1,970	2,307	14,727	1,038	467	11,314	4,286	958	-1	0	4,848	30,302	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of convertible note hedges
-	-	-	-	-	-	-	-	-	-102	0	0	204,102	-	-	-	-	-	-	-	-	0	0	78,708	524,720	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of warrants
-	-	-	-	-	-	-	-	-	117	0	0	52,883	-	-	-	-	-	-	-	-	0	0	50,760	338,400	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from investments by noncontrolling interests in subsidiaries
19,000	126,000	64,134	41,866	47,000	71,000	112,963	179,333	73,704	98,082	108,485	441,430	142,003	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to noncontrolling interests in subsidiaries
67,000	100,000	62,241	63,759	85,000	48,000	69,455	56,603	52,942	71,285	66,842	60,177	63,696	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for buy-outs of noncontrolling interests in subsidiaries
-	1,000	411	-411	8,000	3,000	79	0	2,921	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from DOE loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	33,255	71,274	84,267	51,251	90,823	31,693	30,656
Principal payments on capital leases and other debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	96	50	79
Net cash provided by (used in) financing activities
2,708,000	-79,000	118,178	2,142,822	-653,000	-112,000	-84,282	398,622	371,660	285,978	2,101,506	428,767	1,598,749	1,372,827	-320,870	1,976,584	715,435	225,038	893,978	218,351	186,156	11,325	33,754	281,492	1,816,559	10,516	24,215	597,007	3,684	214,445	40,179	72,180	92,831	53,773	93,609	264,335	34,283
Effect of exchange rate changes on cash and cash equivalents and restricted cash
-24,000	14,000	-11,471	471	5,000	-4,000	-6,491	-22,611	10,102	4,264	7,800	16,293	11,643	-20,052	3,183	-2,554	12,870	-10,037	-11,185	4,599	-17,655	-17,714	-18,290	-1,438	1,917	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents and restricted cash
1,764,000	957,000	377,095	2,765,905	-1,594,000	754,000	739,721	-436,470	-745,251	-111,855	564,017	-913,024	658,862	645,160	-162,044	1,804,512	244,881	-229,128	275,363	-359,403	-395,637	-482,833	-286,364	281,002	1,548,019	48,188	48,749	534,535	12,527	116,197	-124,861	-8,016	-36,696	41,938	-106,052	218,725	1,097
Supplemental Non-Cash Investing and Financing Activities
Acquisitions of property and equipment included in liabilities
415,000	187,000	87,998	167,002	120,000	-57,000	-29,048	48,073	286,975	-107,692	0	367,370	654,322	204,299	134,490	89,153	235,829	-46,516	47,880	30,388	235,582	63,716	126,816	27,026	36,835	14,081	4,115	-9,512	30,105	8,650	6,073	1,900	28,267	15,024	-6,738	4,934	2,372
Leased assets obtained in exchange for finance lease liabilities
32,000	-	-	-	218,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Leased assets obtained in exchange for operating lease liabilities
60,000	-	-	-	22,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Estimated fair value of facilities under build-to-suit leases
-	-	-	-	-	32,000	291	5,540	56,169	139,925	0	107,831	65,244	71,341	63,768	133,736	39,034	-	-	-	29,212	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-