Statement of Operations 5. Comment on the profitability of the company for the last four quarters found in the report provided. 6. Calculate the profitability key financial ratios for Quarter 3, 2020. Part A. a. Net Profit Margin b. Return on Equity c. Return on Assets Part B. When compared to Quarter 2, 2020, are these key financial ratios improving overall in Quarter 3 2020? What reasons could have accounted for these changes? 7. Comment on the net income per share attributable to common stockholders for Quarter 3 2020 compared to previous quarters. Do you think the performance in Q3 2020 entices stockholders to invest more in Tesla when compared to previous quarter figures? 8. Prepare a common size analysis of the statement of operations for Q3 2020 & Q2 2020. What are some of the trends you notice? Q3-2019 Q4-2019 Q1-2020 Q2-2020 Q3-2020 4,893 239 5,132 5,132 221 5,353 402 548 6,303 6,143 225 6,368 436 580 7,384 4,911 268 5,179 370 487 6,036 7,346 265 7,611 579 581 8,771 293 560 5,985 4,014 117 4,131 314 667 5,112 1,191 4,815 119 4,934 385 674 5,993 1,391 3,699 122 3,821 282 648 4,751 1,234 3,714 148 3,862 349 558 4,769 1,267 5,361 145 5,506 558 644 6,708 2,063 334 596 324 627 279 661 366 888 In millions of USD or shares as applicable, except per share data REVENUES Automotive sales Automotive leasing Total automotive revenue Energy generation and storage Services and other Total revenues COST OF REVENUES Automotive sales Automotive leasing Total automotive cost of revenues Energy generation and storage Services and other Total cost of revenues Gross profit OPERATING EXPENSES Research and development Selling, general and administrative Restructuring and other Total operating expenses INCOME FROM OPERATIONS Interest income Interest expense Other income (expense), net INCOME BEFORE INCOME TAXES Provision for income taxes NET INCOME Net income attributable to noncontrolling interests and redeemable noncontrolling interests NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS Less: Buy-out of noncontrolling interest NET INCOME USED IN COMPUTING NET INCOME PER SHARE OF COMMON STOCK Net income per share of common stock attributable to common stockholders (1) Basic Diluted Weighted average shares used in computing net income per share of common stock (1) Basic Diluted 930 261 15 (185) 85 345 699 (12) 1,032 359 10 (170) (25) 174 42 132 27 105 951 283 10 (169) (54) 70 940 327 8 (170) (15) 150 21 129 25 104 176 1,254 809 6 (163) (97) 555 186 369 38 331 31 300 2 26 150 7 143 68 52 16 143 105 16 104 $ $ $ $ 0.16 0.16 0.12 0.11 0.02 0.02 0.11 0.10 $ $ 0.32 0.27 $ $ $ $ 897 922 902 935 915 994 928 1,036 937 1,105 Statement of Operations 5. Comment on the profitability of the company for the last four quarters found in the report provided. 6. Calculate the profitability key financial ratios for Quarter 3, 2020. Part A. a. Net Profit Margin b. Return on Equity c. Return on Assets Part B. When compared to Quarter 2, 2020, are these key financial ratios improving overall in Quarter 3 2020? What reasons could have accounted for these changes? 7. Comment on the net income per share attributable to common stockholders for Quarter 3 2020 compared to previous quarters. Do you think the performance in Q3 2020 entices stockholders to invest more in Tesla when compared to previous quarter figures? 8. Prepare a common size analysis of the statement of operations for Q3 2020 & Q2 2020. What are some of the trends you notice? Q3-2019 Q4-2019 Q1-2020 Q2-2020 Q3-2020 4,893 239 5,132 5,132 221 5,353 402 548 6,303 6,143 225 6,368 436 580 7,384 4,911 268 5,179 370 487 6,036 7,346 265 7,611 579 581 8,771 293 560 5,985 4,014 117 4,131 314 667 5,112 1,191 4,815 119 4,934 385 674 5,993 1,391 3,699 122 3,821 282 648 4,751 1,234 3,714 148 3,862 349 558 4,769 1,267 5,361 145 5,506 558 644 6,708 2,063 334 596 324 627 279 661 366 888 In millions of USD or shares as applicable, except per share data REVENUES Automotive sales Automotive leasing Total automotive revenue Energy generation and storage Services and other Total revenues COST OF REVENUES Automotive sales Automotive leasing Total automotive cost of revenues Energy generation and storage Services and other Total cost of revenues Gross profit OPERATING EXPENSES Research and development Selling, general and administrative Restructuring and other Total operating expenses INCOME FROM OPERATIONS Interest income Interest expense Other income (expense), net INCOME BEFORE INCOME TAXES Provision for income taxes NET INCOME Net income attributable to noncontrolling interests and redeemable noncontrolling interests NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS Less: Buy-out of noncontrolling interest NET INCOME USED IN COMPUTING NET INCOME PER SHARE OF COMMON STOCK Net income per share of common stock attributable to common stockholders (1) Basic Diluted Weighted average shares used in computing net income per share of common stock (1) Basic Diluted 930 261 15 (185) 85 345 699 (12) 1,032 359 10 (170) (25) 174 42 132 27 105 951 283 10 (169) (54) 70 940 327 8 (170) (15) 150 21 129 25 104 176 1,254 809 6 (163) (97) 555 186 369 38 331 31 300 2 26 150 7 143 68 52 16 143 105 16 104 $ $ $ $ 0.16 0.16 0.12 0.11 0.02 0.02 0.11 0.10 $ $ 0.32 0.27 $ $ $ $ 897 922 902 935 915 994 928 1,036 937 1,105