Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the (Bal-H] sheet, complete computing annual changes for each line item on the balance sheet. Answer all dollar amounts in Smillions like Tesla does

image text in transcribed
image text in transcribed
image text in transcribed
In the (Bal-H] sheet, complete computing annual changes for each line item on the balance sheet. Answer all dollar amounts in Smillions like Tesla does in its financial statements. Calculate the following values: From Fiscal 2019 Tesla Corporation to Fiscal 2020 What was the dollar amount of the answer in Smillions change in Inventory? What was the percentage of the change in Inventory? What was the direction of the change (increase or decrease) ? Which asset line item (ignore totals) had the largest dollar change? Which asset line item (ignore totals) had the largest percentage change? Which liability line item (ignore totals) had largest dollar increase? Which liability line item (ignore totals) had the largest percentage change? What was the total dollar amount of the answer in Smillions change in stockholders' equity? What was the direction of the change (increase or decrease) B G D E F Horizontal Analysis Dec. 31, 2020 S Chg %Chg Dec 31, 2019 Bet 5 7 $ 19,384 13,116 209% 1,886 562 42% 4,101 549 15% 1,346 387 40% 26,717 14,614 121% 3,091 644 26% 5,979 (159) (3%) 12,747 2,351 23% 1,558 (8,838) 28% 313 (26) (8%) 207 9 5% 1,536 66 4% 52,148 17,839 52% $ 6,268 1,324 3,552 959 12,103 2,447 6,138 10,396 1,218 339 198 1,470 34,309 Tesla, Inc. Consolidated Balance Sheets-USD ($) $ in Millions Current assets + Cash and cash equivalents Accounts receivable, net 6 Inventory Prepaid expenses and other current assets 8 Total current assets Operating lease vehicles, net 10 Solar energy systems, net 11 Property, plant and equipment, net 12 Operating lease right-of-use assets 13 Intangible assets, net 14 Goodwill 15 Other non-current assets 16 Total assets 17 Current liabilities 18 Accounts payable 19 Accrued liabilities and other Deferred revenue 21 Customer deposits 22 Current portion of debt and finance leases 23 Total current liabilities 24 Debt and finance leases, net of current portion 25 Deferred revenue, net of current portion 26 Other long-term liabilities 27 Total liabilities 28 Commitments and contingencies (Note 16) 29 Redeemable noncontrolling interests in subsidiaries 30 Convertible senior notes (Note 12) 31 Stockholders' equity Preferred stock; $0.001 par value, 100 shares authorized; no shares issued and outstanding Common stock; $0.001 par value: 2,000 shares authorized; [1 960 and 905 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively 20 6,051 2,280 60% 3,855 633 20% 1,458 295 25% 752 26 4% 2,132 347 19% 14,248 3,581 34% 9,556 (2,078) (18%) 1,284 77 6% 3,330 639 24% 28,418 2,219 8% 3,771 3,222 1,163 726 1,785 10,667 11,634 1,207 2,691 26,199 604 51 (39) (6% 51 643 0 - 32 1 1 0 0% 1 33 27,260 14,524 114% 12,736 11 2 34 35 36 Additional paid-in capital Accumulated other comprehensive Income (loss) Accumulated deficit Instructions Questions 363 (5,399) 399###### 684 (11%) (36) (6,083) MD+A Bal-V Bal H Inc-V Inc-H Det Batura 1 Tesla, Inc. Horizontal Analysis 2 Consolidated Balance Sheets - USD ($) $ in Millions Dec. 31, 2020 $ Chg %Chg Dec 31, 2019 12 Operating lease right-of-use assets 1,558 78,838) 28% 1,218 13 Intangible assets, net 313 (26) (8%) 339 14 Goodwill 207 9 5% 198 15 Other non-current assets 1,536 66 4% 1,470 16 Total assets 52,148 17,839 52% 34,309 17 Current liabilities 18 Accounts payable 6,051 2,280 60% 3,771 19 Accrued liabilities and other 3,855 633 20% 3,222 20 Deferred revenue 1,458 295 25% 1,163 21 Customer deposits 752 26 4% + 726 22 Current portion of debt and finance leases 2,132 347 19% 1,785 23 Total current liabilities 14,248 3,581 34% 10,667 24 Debt and finance leases, net of current portion 9,556 (2,078) (18%) 11,634 25 Deferred revenue, net of current portion 1,284 77 6% 1,207 26 Other long-term liabilities 3,330 639 24% 2,691 27 Total liabilities 28,418 2.219 8% 26,199 28 Commitments and contingencies (Note 16) 29 Redeemable noncontrolling interests in subsidiaries 604 (39) (6%) 643 30 Convertible senior notes (Note 12) 51 51 0 31 Stockholders' equity Preferred stock: $0.001 par value: 100 shares authorized; no 32 shares issued and outstanding Common stock; $0.001 par value; 2,000 shares authorized (1 1 0 0% 960 and 905 shares issued and outstanding as of December 1 31, 2020 and December 31, 2019, respectively 33 Additional paid-in capital 11 27,260 14,524 114% 12,736 35 Accumulated other comprehensive income (loss) 363 399 30 Accumulated deficit (36) (5,399) 684 (11%) 37 Total stockholders' equity (6,083) 22,225 15,607 236% 38 Noncontrolling interests in subsidiaries 6,618 850 1 0% 39 Total liabilities and equity 849 52,148 17.839 52% 34,309 40 11) Prior period results have been adjusted to reflect the five for one stock spor effected in the form of a stock dividend in August 2020 41 See Note 1, Overview 49

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_2

Step: 3

blur-text-image_3

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

Financial & Managerial Accounting, 1, 2 Terms (12 Months)

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

14th Edition

133727075X, 9781337270755

More Books

Students also viewed these Accounting questions

Question

What other publications/presentations does the person have?

Answered: 1 week ago

Question

=+2. What is the difference between brand voice and tone?

Answered: 1 week ago