Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Tesla Inc., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Automotive sales 44,125 24,604 19,358 17,632 8,535
Automotive regulatory credits 1,465 1,580 594
Automotive leasing 1,642 1,052 869 883 1,107
Automotive revenues 47,232 27,236 20,821 18,515 9,641
Energy generation and storage 2,789 1,994 1,531 1,555 1,116
Services and other 3,802 2,306 2,226 1,391 1,001
Revenues 53,823 31,536 24,578 21,461 11,759
Automotive sales (32,415) (19,696) (15,939) (13,686) (6,724)
Automotive leasing (978) (563) (459) (488) (708)
Automotive cost of revenues (33,393) (20,259) (16,398) (14,174) (7,433)
Energy generation and storage (2,918) (1,976) (1,341) (1,365) (875)
Services and other (3,906) (2,671) (2,770) (1,880) (1,229)
Cost of revenues (40,217) (24,906) (20,509) (17,419) (9,536)
Gross profit 13,606 6,630 4,069 4,042 2,222
Research and development (2,593) (1,491) (1,343) (1,460) (1,378)
Selling, general and administrative (4,517) (3,145) (2,646) (2,834) (2,477)
Restructuring and other 27 (149) (135)
Operating expenses (7,083) (4,636) (4,138) (4,430) (3,855)
Income (loss) from operations 6,523 1,994 (69) (388) (1,632)
Interest income 56 30 44 25 20
Interest expense (371) (748) (685) (663) (471)
Other income (expense), net 135 (122) 45 22 (125)
Income (loss) before income taxes 6,343 1,154 (665) (1,005) (2,209)
Provision for income taxes (699) (292) (110) (58) (32)
Net income (loss) 5,644 862 (775) (1,063) (2,241)
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries (125) (141) (87) 86 279
Net income (loss) attributable to common stockholders 5,519 721 (862) (976) (1,961)

Based on: 10-K (reporting date: 2021-12-31), 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).

Income statement item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Tesla Inc. revenues increased from 2019 to 2020 and from 2020 to 2021.
Income (loss) from operations The net result for the period of deducting operating expenses from operating revenues. Tesla Inc. income (loss) from operations increased from 2019 to 2020 and from 2020 to 2021.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Tesla Inc. income (loss) before income taxes increased from 2019 to 2020 and from 2020 to 2021.
Net income (loss) attributable to common stockholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Tesla Inc. net income (loss) attributable to common stockholders increased from 2019 to 2020 and from 2020 to 2021.