Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please calculate the common size balance sheet & Common size in come statement for Tesla (Tsla). Use Years 2019 & 2018. Consolidated Balance Sheets -
Please calculate the common size balance sheet & Common size in come statement for Tesla (Tsla). Use Years 2019 & 2018.
Consolidated Balance Sheets - USD ($) Dec 31, 2019 Dec. 31, 2018 $ in Millions Current assets Cash and cash equivalents $ 6,268 $ 3,686 Restricted cash 246 193 Accounts receivable, net 1,324 949 Inventory 3.552 3,113 Prepaid expenses and other current 713 366 assets Total current assets 12,103 8,307 Property, plant and equipment, net 10,396 11,330 Operating lease right-of-use assets 1,218 Intangible assets, net 339 282 Goodwill 198 68 MyPower customer notes receivable, net 393 of current portion 422 Restricted cash, net of current portion 269 398 Other assets 808 572 Total assets 34.309 29,740 Current liabilities Accounts payable 3,771 3,405 Accrued liabilities and other 2,905 2,094 Deferred revenue 1,163 630 Resale value guarantees 317 503 Customer deposits 726 793 Current portion of debt and finance leases 1,785 2,568 Total current liabilities 10,667 9,993 Debt and finance leases, net of current 11,634 portion 9,404 Deferred revenue, net of current portion 1,207 991 Resale value guarantees, net of current 36 329 portion Other long-term liabilities 2.655 2,710 Total liabilities 26,199 23,427 Commitments and contingencies (Note 16) Redeemable noncontrolling interests in 643 subsidiaries 556 Stockholders' equity Preferred stock; $0.001 par value: 100 shares authorized; no shares issued and outstanding Common stock; 50.001 par value: 2,000 shares authorized; 181 and 173 shares 0 0 issued and outstanding as of December 31, 2019 and 2018, respectively Additional paid-in capital 12,737 10.249 Accumulated other comprehensive loss (36) (8) Accumulated deficit (6,083) (5,318) Total stockholders' equity 6.618 4.923 Noncontrolling interests in subsidiaries 849 834 Total liabilities and equity 34,309 29,740 Operating Lease Vehicles [Member] Current assets Operating lease net 2,447 2.090 Solar Energy Systems (Member) Current assets Solar energy systems, net $ 6,138 $ 6,271 12 Months Ended Dec. 31, 2019 Dec. 31, 2018 Dec. 31, 2017 $ 155.900 $ 160,338 $ 156,776 134,693 136,269 131,321 11,161 11,527 155,326 574 57 5,409 (226) 11,403 157,135 3,203 57 5.157 2.247 151,895 4,881 57 4,364 3.267 32 123 1,201 4,345 8, 159 (640) (724) 84 650 402 3,695 7,757 37 18 26 S 47 $ 3,677 $ 7,731 S 0.01 S 0.93 $ 1.94 S 0.01 S 0.92 S 1.93 3.972 3.975 CONSOLIDATED INCOME STATEMENT - USD ($) shares in Millions, $ in Millions Revenues Revenue from Contract with Customer, Excluding Assessed Tax Costs and expenses Cost of sales Selling, administrative, and other expenses Total costs and expenses Operating income Interest Expense, Debt Interest expense Other income/loss), net (Note 5) Equity in net income of affiliated companies Income/(Loss) before income taxes Provision for/(Benefit from) income taxes (Note 7) Net income Less: Income attributable to noncontrolling interests Net income attributable to Ford Motor Company Basic income Basic income (in dollars per share) Diluted income Diluted income (in dollars per share) Basic shares (average shares outstanding) Diluted shares Operating Segments Automotive Revenues Revenue from Contract with Customer, Excluding Assessed Tax Costs and expenses Interest Expense, Debt Interest expense Equity in net income of affiliated companies Income/(Loss) before income taxes Operating Segments | Ford Credit Revenues Revenue from Contract with Customer, Excluding Assessed Tax Costs and expenses Ford Credit interest, operating, and other expenses Interest expense Equity in net income of affiliated companies Income/(Loss) before income taxes Operating Segments | Mobility Revenues Revenue from Contract with Customer, Excluding Assessed Tax Costs and expenses Interest expense Equity in net income of affiliated companies Income/Loss) before income taxes 3,974 3,998 4,004 3,998 $ 143,599 $ 148,294 $ 145,653 963 0 1,171 0 1,133 0 (11) 95 1,169 4.926 5,422 8.084 12,260 12.018 11,113 9,472 9,463 9,047 4,389 3,929 3,174 31 28 32 2.998 2.627 2.310 41 26 10 0 0 0 12 0 0 $ (1,186) $ (674) S (299) Consolidated Balance Sheets - USD ($) Dec 31, 2019 Dec. 31, 2018 $ in Millions Current assets Cash and cash equivalents $ 6,268 $ 3,686 Restricted cash 246 193 Accounts receivable, net 1,324 949 Inventory 3.552 3,113 Prepaid expenses and other current 713 366 assets Total current assets 12,103 8,307 Property, plant and equipment, net 10,396 11,330 Operating lease right-of-use assets 1,218 Intangible assets, net 339 282 Goodwill 198 68 MyPower customer notes receivable, net 393 of current portion 422 Restricted cash, net of current portion 269 398 Other assets 808 572 Total assets 34.309 29,740 Current liabilities Accounts payable 3,771 3,405 Accrued liabilities and other 2,905 2,094 Deferred revenue 1,163 630 Resale value guarantees 317 503 Customer deposits 726 793 Current portion of debt and finance leases 1,785 2,568 Total current liabilities 10,667 9,993 Debt and finance leases, net of current 11,634 portion 9,404 Deferred revenue, net of current portion 1,207 991 Resale value guarantees, net of current 36 329 portion Other long-term liabilities 2.655 2,710 Total liabilities 26,199 23,427 Commitments and contingencies (Note 16) Redeemable noncontrolling interests in 643 subsidiaries 556 Stockholders' equity Preferred stock; $0.001 par value: 100 shares authorized; no shares issued and outstanding Common stock; 50.001 par value: 2,000 shares authorized; 181 and 173 shares 0 0 issued and outstanding as of December 31, 2019 and 2018, respectively Additional paid-in capital 12,737 10.249 Accumulated other comprehensive loss (36) (8) Accumulated deficit (6,083) (5,318) Total stockholders' equity 6.618 4.923 Noncontrolling interests in subsidiaries 849 834 Total liabilities and equity 34,309 29,740 Operating Lease Vehicles [Member] Current assets Operating lease net 2,447 2.090 Solar Energy Systems (Member) Current assets Solar energy systems, net $ 6,138 $ 6,271 12 Months Ended Dec. 31, 2019 Dec. 31, 2018 Dec. 31, 2017 $ 155.900 $ 160,338 $ 156,776 134,693 136,269 131,321 11,161 11,527 155,326 574 57 5,409 (226) 11,403 157,135 3,203 57 5.157 2.247 151,895 4,881 57 4,364 3.267 32 123 1,201 4,345 8, 159 (640) (724) 84 650 402 3,695 7,757 37 18 26 S 47 $ 3,677 $ 7,731 S 0.01 S 0.93 $ 1.94 S 0.01 S 0.92 S 1.93 3.972 3.975 CONSOLIDATED INCOME STATEMENT - USD ($) shares in Millions, $ in Millions Revenues Revenue from Contract with Customer, Excluding Assessed Tax Costs and expenses Cost of sales Selling, administrative, and other expenses Total costs and expenses Operating income Interest Expense, Debt Interest expense Other income/loss), net (Note 5) Equity in net income of affiliated companies Income/(Loss) before income taxes Provision for/(Benefit from) income taxes (Note 7) Net income Less: Income attributable to noncontrolling interests Net income attributable to Ford Motor Company Basic income Basic income (in dollars per share) Diluted income Diluted income (in dollars per share) Basic shares (average shares outstanding) Diluted shares Operating Segments Automotive Revenues Revenue from Contract with Customer, Excluding Assessed Tax Costs and expenses Interest Expense, Debt Interest expense Equity in net income of affiliated companies Income/(Loss) before income taxes Operating Segments | Ford Credit Revenues Revenue from Contract with Customer, Excluding Assessed Tax Costs and expenses Ford Credit interest, operating, and other expenses Interest expense Equity in net income of affiliated companies Income/(Loss) before income taxes Operating Segments | Mobility Revenues Revenue from Contract with Customer, Excluding Assessed Tax Costs and expenses Interest expense Equity in net income of affiliated companies Income/Loss) before income taxes 3,974 3,998 4,004 3,998 $ 143,599 $ 148,294 $ 145,653 963 0 1,171 0 1,133 0 (11) 95 1,169 4.926 5,422 8.084 12,260 12.018 11,113 9,472 9,463 9,047 4,389 3,929 3,174 31 28 32 2.998 2.627 2.310 41 26 10 0 0 0 12 0 0 $ (1,186) $ (674) S (299)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started