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In 250 words answer the following questions: Explore the different worksheets in the spreadsheet. What does each present? What do they tell you about inventories,
In 250 words answer the following questions: Explore the different worksheets in the spreadsheet. What does each present? What do they tell you about inventories, liabilities, and property, plant, and equipment? What can you tell about Teslas debt obligations and the various interest rates paid on outstanding debt?
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions | Sep. 30, 2022 | Dec. 31, 2021 |
Current assets | ||
Cash and cash equivalents | $ 19,532 | $ 17,576 |
Short-term marketable securities | 1,575 | 131 |
Accounts receivable, net | 2,192 | 1,913 |
Inventory | 10,327 | 5,757 |
Prepaid expenses and other current assets | 2,364 | 1,723 |
Total current assets | 35,990 | 27,100 |
Property, plant and equipment, net | 21,926 | 18,884 |
Operating lease right-of-use assets | 2,251 | 2,016 |
Digital assets, net | 218 | 1,260 |
Intangible assets, net | 228 | 257 |
Goodwill | 191 | 200 |
Other non-current assets | 3,236 | 2,138 |
Total assets | 74,426 | 62,131 |
Current liabilities | ||
Accounts payable | 13,897 | 10,025 |
Accrued liabilities and other | 6,246 | 5,719 |
Deferred revenue | 1,928 | 1,447 |
Customer deposits | 1,083 | 925 |
Current portion of debt and finance leases | 1,457 | 1,589 |
Total current liabilities | 24,611 | 19,705 |
Debt and finance leases, net of current portion | 2,096 | 5,245 |
Deferred revenue, net of current portion | 2,265 | 2,052 |
Other long-term liabilities | 4,330 | 3,546 |
Total liabilities | 33,302 | 30,548 |
Commitments and contingencies (Note 12) | ||
Redeemable noncontrolling interests in subsidiaries | 421 | 568 |
Stockholders' equity | ||
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding | 0 | 0 |
Common stock; $0.001 par value; 6,000 shares authorized; 3,158 and 3,100 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively (1) | 3 | 3 |
Additional paid-in capital | 31,592 | 29,803 |
Accumulated other comprehensive (loss) income | (942) | 54 |
Retained earnings (1) | 9,198 | 329 |
Total stockholders' equity | 39,851 | 30,189 |
Noncontrolling interests in subsidiaries | 852 | 826 |
Total liabilities and equity | 74,426 | 62,131 |
Operating Lease Vehicles [Member] | ||
Current assets | ||
Operating lease vehicles, net | 4,824 | 4,511 |
Solar Energy Systems [Member] | ||
Current assets | ||
Solar energy systems, net | $ 5,562 | $ 5,765 |
Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | ||
Revenues | |||||
Total revenues | $ 21,454 | $ 13,757 | $ 57,144 | $ 36,104 | |
Cost of revenues | |||||
Total cost of revenues | 16,072 | 10,097 | 42,068 | 27,345 | |
Gross profit | 5,382 | 3,660 | 15,076 | 8,759 | |
Operating expenses | |||||
Research and development | 733 | 611 | 2,265 | 1,853 | |
Selling, general and administrative | 961 | 994 | 2,914 | 3,023 | |
Restructuring and other | 0 | 51 | 142 | (27) | |
Total operating expenses | 1,694 | 1,656 | 5,321 | 4,849 | |
Income from operations | 3,688 | 2,004 | 9,755 | 3,910 | |
Interest income | 86 | 10 | 140 | 31 | |
Interest expense | (53) | (126) | (158) | (300) | |
Other (expense) income , net | (85) | (6) | (1) | 67 | |
Income (loss) before income taxes | 3,636 | 1,882 | 9,736 | 3,708 | |
Provision for income taxes | 305 | 223 | 856 | 407 | |
Net income | 3,331 | 1,659 | 8,880 | 3,301 | |
Net income attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries | 39 | 41 | 11 | 103 | |
Net income attributable to common stockholders | $ 3,292 | $ 1,618 | $ 8,869 | $ 3,198 | |
Net income (loss) per share of common stock attributable to common stockholders | |||||
Basic | [1] | $ 1.05 | $ 0.54 | $ 2.84 | $ 1.09 |
Diluted | [1] | $ 0.95 | $ 0.48 | $ 2.55 | $ 0.95 |
Weighted average shares used in computing net income (loss) per share of common stock | |||||
Basic | [1] | 3,146 | 2,993 | 3,120 | 2,931 |
Diluted | [1] | 3,468 | 3,369 | 3,474 | 3,391 |
Automotive Revenues [Member] | |||||
Revenues | |||||
Automotive sales | $ 17,785 | $ 11,393 | $ 46,969 | $ 29,100 | |
Automotive regulatory credits | 286 | 279 | 1,309 | 1,151 | |
Automotive leasing | 621 | 385 | 1,877 | 1,014 | |
Total automotive revenues | 18,692 | 12,057 | 50,155 | 31,265 | |
Cost of revenues | |||||
Automotive sales | 13,099 | 8,150 | 34,166 | 21,726 | |
Automotive leasing | 381 | 234 | 1,157 | 582 | |
Total automotive cost of revenues | 13,480 | 8,384 | 35,323 | 22,308 | |
Energy Generation and Storage [Member] | |||||
Revenues | |||||
Revenues | 1,117 | 806 | 2,599 | 2,101 | |
Cost of revenues | |||||
Total automotive cost of revenues | 2,470 | ||||
Cost of revenues | 1,013 | 803 | 2,179 | ||
Services And Other [Member] | |||||
Revenues | |||||
Revenues | 1,645 | 894 | 4,390 | 2,738 | |
Cost of revenues | |||||
Cost of revenues | $ 1,579 | $ 910 | $ 4,275 | $ 2,858 | |
[1] Prior period results have been adjusted to reflect the three -for-one stock split effected in the form of a stock dividend in August 2022 . See Note 1, Overview for details. | |||||
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