Required a. As this chapter explained, many companies that report net losses on their earnings statements re- port positive cash flows from operating activities. How do Tesla's net incomes compare to its cash b. Based only on the information in the statements of cash flows, does Tesla appear to be growing c. In 2013 Tesla paid off $452.3 million on Department of Energy (DOE) loans and $8.4 million of d. All things considered, based on the information in its statements of cash flows, does Tesla's cash flows from operating activities? the capacity of its business? Explain. capital leases and other debt. Where did it get the funds to repay this debt? position appear to be improving or deteriorating? 2011 2013 2012 233 3,611 3,655 Other noncash operating activities Foreign currency transaction gain Change in operating assets and liabilities (2,829) (13,638) 248) 19,891 10,620 (17,303) (194.726) Account receivables (463,270) (17,466) Inventories and operating lease vehicles 1,121 Prepaid expenses and other current assets Other assets 187,821 Accounts payable 66,567 268,153 24,243 236,299 32,971 257,994 9,603 47,056 10,255 Accrued liabilities Deferred revenue 61,006 Customer deposits Resale value guarantee 2,641 128,034 Other long-term liabilities Net cash provided by (used in) operating activities Cash flows from investing activities: (264.224) 14,752 (239.228) (184,226) Purchases of property and equipment excluding capital leases Withdrawals out of our dedicated DOE account, net (Increase) decrease in other restricted cash Purchase of marketable securities Maturities of short-term marketable securities Net cash provided by investing activities (1.330) (14,992) 40,000 1206,930) 50,121 (3.201) (64,952) 40,000 249.417 (162,258) Cash flows from financing activities: Proceeds from convertible debt Proceeds from issuance of common stock in public offering Proceeds from issuance of warrants Proceeds from exercise of stock options and other stock issuances Proceeds from issuance of common stock in private placement Principal payments on DOE loans Purchase of convertible note hedges Common stock and convertible debt issuance costs Principal payments on capital leases and other debt Proceeds from DOE loans Net cash provided by financing activities 660,000 360,000 120,318 95,307 55,000 (452.337) (177,540) (16,901) 221,496 172,410 24,885 10,525 59,058 188,796 419,635 Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period 635,422 643,999 201,890 845,889 204,423 446,000 155,708 99,558 255,266 $201,890