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Financial statements for both companies at the end of 2016 are presented below. The acquisition did occur on November 21, 2016. The results for
Financial statements for both companies at the end of 2016 are presented below. The acquisition did occur on November 21, 2016. The results for Tesla reported below do include the results of operations for SolarCity from the date of acquisition to the end of the current year (November 21 to December 31, 2016). Tesla SolarCity For Year Ended December 31: ($ thousands) Revenues Total revenues Cost of Revenues Total cost of revenues Y 2016 Y 2015 Y 2014 Y 2016 Y 2015 Y 2014 $7,000,132 $4,046,025 $3,198,356 $730,342 $399,619 $255,031 5,400,875 3,122,522 2,316,685 478,922 280,791 176,432 Gross profit 1,599,257 923,503 881,671 251,420 118.828 78,599 Operating Expenses* Total operating expenses 2,266,597 1,640,132 1,068,360 901,761 766,618 414,196 Loss from operations (667,340) (716,629) (186,689) (650,341) (647,790) (335,597) Total Interest and other expenses (79,008) (158,995) (97,947) 170,314 117,706 Loss before income taxes (746,348) (875,624) (284,636) (820,655) (765,496) Provision for income taxes 26.698 Net loss ($773,046) 13,039 ($888,663) 9,404 ($294,040) 308 (820,347) (3,326) (768,822) 66,369 (401,966) 26,736 (375,230) Other Information Research and development expenses* $834,408 $717,900 $464,700 54,963 64,925 19,162 *included in operating expenses
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