Tesla, Inc.

NasdaqGS-TSLA

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Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Income	5,142	7,153	14,974	12,587	5,644	862	-775	-1,063	-2,241	-773	-888.7
Net Income
Depreciation & Amortization	6,001	5,368	4,667	3,747	2,911	2,322	2,154	1,901	1,636	947.1	422.6
Depreciation, Amortization and Impairment
Stock Based Compensation	2,450	1,999	1,812	1,560	2,121	1,734	898	749	467	334.2	198
Stock-Based Compensation
Other Adjustments	269	322	-5,949	542	154	841	477	453	574	61.8	236.9
Excess Tax Benefits from Stock-Based Compensation
Amortization of Discount on Convertible Debt
Amortization of Debt Discounts and Issuance Costs
Inventory and Purchase Commitments Write-Downs
Interest on Convertible Notes
Amortization of Department of Energy (DOE) Loan Origination Costs
Change in Fair Value of Warrant Liabilities
Gain on Extinguishment of Convertible Notes and Warrants
Loss on Disposal of Property and Equipment
Foreign Currency Transaction Net Unrealized Income
Gain Related to SolarCity Acquisition
Loss Related to SolarCity Acquisition
Deferred Income Taxes
Digital Assets Gain, Net
Non-Cash Interest and Other Operating Activities
Digital Assets Gain, Net
Operating Cash Flow Related to Repayment of Discounted Convertible Senior Notes
Changes in Trade Receivables	-1,533	-1,083	-586	-1,124	-130	-652	-367	-497	-25	-216.6	46.3
Change in Accounts Receivable
Changes in Inventories	1,628	937	-1,195	-6,465	-1,709	-422	-429	-1,023	-179	-632.9	-369.4
Change in Inventory
Changes in Accounts Payable	4,063	3,588	2,605	8,029	5,367	2,102	646	1,797	388	750.6	263.3
Accounts Payable and Accrued Liabilities
Change in Accounts Payable, Accrued and Other Liabilities
Changes in Accrued Expenses	—	—	—	—	—	—	—	—	—	—	—
Accrued Liabilities
Changes in Unearned Revenue	1,096	502	1,532	1,131	793	328	743	310	639	771.3	358.9
Change in Deferred Revenue
Customer Deposits
Changes in Other Operating Activities	-3,368	-3,863	-4,604	-5,283	-3,654	-1,172	-942	-529	-1,320	-1,366.4	-792.5
Change in Operating Lease Vehicles
Change in Prepaid Expenses and Other Assets
Other Non-Current Assets
Other Assets
Deferred Development Compensation
Resale Value Guarantee
Other Long-Term Liabilities
Cash from Operating Activities	15,748	14,923	13,256	14,724	11,497	5,943	2,405	2,098	-61	-123.8	-524.5
Net Cash Provided by Operating Activities

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Capital Expenditure	-8,911	-11,342	-8,899	-7,163	-6,514	-3,232	-1,432	-2,319	-4,081	-1,440.5	-1,634.9
Purchases of Property and Equipment Excluding Finance Leases, Net of Sales
Purchases of Solar Energy Systems, Net of Sales
Purchases of Intangible Assets	—	—	—	-9	-1,500	-10	-5	—	—	—	—
Purchases of Digital Assets
Purchase of Intangible Assets
Proceeds from Sale of Intangible Assets	—	—	—	936	272	—	—	—	—	—	—
Proceeds from Sales of Digital Assets
Purchases of Investments	-40,060	-35,955	-19,112	-5,835	-132	—	—	—	—	—	—
Purchases of Investments
Proceeds from Sale of Investments	32,421	28,510	12,491	22	—	—	—	—	—	16.7	—
Proceeds from Maturities of Investments
Proceeds from Sales of Investments
Payments for Business Acquisitions	—	—	-64	—	—	-13	-45	-18	-115	342.7	-12.3
Payments Related to Acquisition of Fremont Manufacturing Facility and Related Assets
Business Combinations, Net of Cash Acquired
Other Investing Activities	—	—	—	76	6	123	46	—	—	—	-26.4
Withdrawals Out of Our Dedicated Department of Energy Account, Net
Change in Restricted Cash
Receipt of Government Grants
Cash from Investing Activities	-16,553	-18,787	-15,584	-11,973	-7,868	-3,132	-1,436	-2,337	-4,196	-1,081.1	-1,673.6
Net Cash Provided by Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Issuance of Long-Term Debt	5,616	5,744	3,931	—	8,883	9,713	10,669	6,176	7,138	3,622.7	887.7
Proceeds from Issuances of Debt
Collateralized Lease Borrowings
Proceeds from DOE Loans
Repayments of Long-Term Debt	-5,690	-2,881	-1,815	-3,866	-14,615	-12,201	-9,871	-6,087	-3,753	-1,904.5	-203.8
Repayments of Debt
Repayments of Borrowings Issued to Related Parties
Collateralized Lease Repayments
Principal Payments on Finance Leases
Net Issuance / (Repayments) of Long-Term Debt	-74	2,863	2,116	-3,866	-5,732	-2,488	798	89	3,385	1,718.2	683.9
Issuance of Common Shares	1,493	1,241	700	541	707	12,686	1,285	296	712	1,865.6	856.6
Proceeds from Issuances of Common Stock in Public Offerings, Net of Issuance Costs
Proceeds from Exercises of Stock Options and Other Stock Issuances
Excess Tax Benefits from Stock-Based Compensation
Proceeds from Issuance of Warrants
Proceeds from Issuance of Common Stock in Private Placements
Net Issuance / (Repurchases) of Common Shares	1,493	1,241	700	541	707	12,686	1,285	296	712	1,865.6	856.6
Issuance of Preferred Shares	—	—	—	—	—	—	—	—	—	—	—
Proceeds from Issuance of Series E Convertible Preferred Stock, Net of Issuance Costs
Proceeds from Issuance of Series F Convertible Preferred Stock, Net of Issuance Costs
Net Issuance / (Repurchases) of Preferred Shares	—	—	—	—	—	—	—	—	—	—	—
Other Financing Activities	-97	-251	-227	-202	-178	-225	-554	189	318	160.2	-17
Debt Issuance Costs
Purchase of Convertible Note Hedges
Proceeds from Settlement of Convertible Note Hedges
Payments for Settlements of Warrants
Proceeds from Investments by Noncontrolling Interests in Subsidiaries
Distributions Paid to Noncontrolling Interests in Subsidiaries
Payments for Buy-Outs of Noncontrolling Interests in Subsidiaries
Cash from Financing Activities	1,414	3,853	2,589	-3,527	-5,203	9,973	1,529	574	4,415	3,744	1,523.5
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Free Cash Flow	6,837	3,581	4,357	7,561	4,983	2,711	973	-221	-4,142	-1,564.3	-2,159.3
NOPAT	3,517.3	5,630.1	13,349.4	12,529.2	5,804.2	1,489.5	-80.4	-410.4	-1,655.6	-691.2	-727.3
Levered Free Cash Flow	5,517	5,144	11,219	2,686	-3,019	-1,841	676	-750	-1,494	72.6	-1,956.5
Unlevered Free Cash Flow	4,026.3	820.1	7,455.4	6,525.2	2,998.2	1,415.5	659.6	-273.4	-4,572.6	-1,661.9	-2,479.1
Net Change in Cash	609	-11	261	-776	-1,574	12,784	2,498	335	158	2,539.1	-674.5