Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Tesla Inc., consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income (loss) 14,974 12,587 5,644 862 (775)
Depreciation, amortization and impairment 4,667 3,747 2,911 2,322 2,154
Stock-based compensation 1,812 1,560 2,121 1,734 898
Inventory and purchase commitments write-downs 463 177 140 202 193
Foreign currency transaction net unrealized (gain) loss (144) 81 (55) 114 (48)
Deferred income taxes (6,349) (196) (149)
Non-cash interest and other operating activities 81 340 245 525 520
Digital assets (gain) loss, net 140 (27)
Operating cash flow related to repayment of discounted convertible senior notes (188)
Accounts receivable (586) (1,124) (130) (652) (367)
Inventory (1,195) (6,465) (1,709) (422) (429)
Operating lease vehicles (1,952) (1,570) (2,114) (1,072) (764)
Prepaid expenses and other assets (2,652) (3,713) (1,540) (595) (173)
Accounts payable, accrued and other liabilities 2,605 8,029 5,367 2,604 583
Deferred revenue 1,532 1,131 793 321 801
Changes in operating assets and liabilities (2,248) (3,712) 667 184 (349)
Adjustments to reconcile net income (loss) to net cash provided by operating activities (1,718) 2,137 5,853 5,081 3,180
Net cash provided by operating activities 13,256 14,724 11,497 5,943 2,405
Purchases of property and equipment excluding finance leases, net of sales (8,898) (7,158) (6,482) (3,157) (1,327)
Purchases of solar energy systems, net of sales (1) (5) (32) (75) (105)
Purchases of digital assets (1,500)
Proceeds from sales of digital assets 936 272
Purchase of intangible assets (9) (10) (5)
Purchases of investments (19,112) (5,835) (132)
Proceeds from maturities of investments 12,353 22
Proceeds from sales of investments 138
Receipt of government grants 76 6 123 46
Business combinations, net of cash acquired (64) (13) (45)
Net cash used in investing activities (15,584) (11,973) (7,868) (3,132) (1,436)
Proceeds from issuances of common stock in public offerings, net of issuance costs 12,269 848
Proceeds from issuances of debt 3,931 8,883 9,713 10,669
Repayments of debt (1,351) (3,364) (14,167) (11,623) (9,161)
Collateralized lease repayments (9) (240) (389)
Proceeds from exercises of stock options and other stock issuances 700 541 707 417 263
Principal payments on finance leases (464) (502) (439) (338) (321)
Debt issuance costs (29) (9) (6) (37)
Purchase of convertible note hedges (476)
Proceeds from issuance of warrants 174
Proceeds from investments by noncontrolling interests in subsidiaries 2 24 279
Distributions paid to noncontrolling interests in subsidiaries (144) (157) (161) (208) (311)
Payments for buy-outs of noncontrolling interests in subsidiaries (54) (45) (10) (35) (9)
Net cash provided by (used in) financing activities 2,589 (3,527) (5,203) 9,973 1,529
Effect of exchange rate changes on cash and cash equivalents and restricted cash 4 (444) (183) 334 8
Net increase (decrease) in cash and cash equivalents and restricted cash 265 (1,220) (1,757) 13,118 2,506
Cash and cash equivalents and restricted cash, beginning of period 16,924 18,144 19,901 6,783 4,277
Cash and cash equivalents and restricted cash, end of period 17,189 16,924 18,144 19,901 6,783

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Tesla Inc. net cash provided by operating activities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Net cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Tesla Inc. net cash used in investing activities decreased from 2021 to 2022 and from 2022 to 2023.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Tesla Inc. net cash provided by (used in) financing activities increased from 2021 to 2022 and from 2022 to 2023.