Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Tesla Inc., consolidated balance sheet: assets

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Cash and cash equivalents 19,384  6,268  3,686  3,368  3,393 
Accounts receivable, net 1,886  1,324  949  515  499 
Inventory 4,101  3,552  3,113  2,264  2,067 
Prepaid expenses and other current assets 1,346  959  558  424  300 
Current assets 26,717  12,103  8,306  6,571  6,260 
Operating lease vehicles, net 3,091  2,447  2,090  4,117  3,134 
Solar energy systems, net 5,979  6,138  6,271  6,347  5,920 
Property, plant and equipment, net 12,747  10,396  11,330  10,028  5,983 
Operating lease right-of-use assets 1,558  1,218  —  —  — 
Intangible assets, net 313  339  282  362  376 
Goodwill 207  198  68  60  — 
Other assets 1,536  1,470  1,391  1,171  991 
Non-current assets 25,431  22,206  21,433  22,085  16,404 
Total assets 52,148  34,309  29,740  28,655  22,664 

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Tesla Inc. current assets increased from 2018 to 2019 and from 2019 to 2020.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Tesla Inc. property, plant and equipment, net decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Tesla Inc. non-current assets increased from 2018 to 2019 and from 2019 to 2020.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Tesla Inc. total assets increased from 2018 to 2019 and from 2019 to 2020.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Tesla Inc. cash and cash equivalents increased from 2018 to 2019 and from 2019 to 2020.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Tesla Inc. accounts receivable, net increased from 2018 to 2019 and from 2019 to 2020.
Inventory Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Tesla Inc. inventory increased from 2018 to 2019 and from 2019 to 2020.