Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Crypto Finance Law And Regulation

Authors: Joseph Lee

1st Edition

0367086611, 978-0367086619

More Books

Students also viewed these Finance questions

Question

Persuading Your Audience Strategies for

Answered: 1 week ago