Tesla (TSLA) FY2013 results: revenue $2.0 billion, up 387.2% on the year
Tesla, Inc. (TSLA) reported revenue of $2.0 billion for fiscal 2013, the year ended 31 December 2013, up 387.2% on the year before. Net income was -$74 million, and diluted earnings per share $-0.04. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$2.0 billion
+387.2% on the year
FY2009FY2013
Operating margin
-3.0%
-95.4% a year earlier
FY2009FY2013
Net income
-$74 million
FY2009FY2013
Diluted EPS
-$0.04
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
2,013
413
204
+387.2%
Cost of revenue
1,557
383
143
+306.4%
Gross profit
456
30.1
61.6
+1,417.5%
Gross margin
22.7%
7.3%
30.2%
Research and development
232
274
209
-15.3%
Selling, general and administrative
286
150
104
+89.9%
Operating income
-61.3
-394
-251
Operating margin
-3.0%
-95.4%
-123.1%
Interest expense
32.9
0.3
0.0
+12,866.1%
Pre-tax income
-71.4
-396
-254
Income tax
2.6
0.1
0.5
+1,802.9%
Net income
-74.0
-396
-254
Net margin
-3.7%
-95.9%
-124.6%
Diluted EPS
-$0.04
-$0.25
n/a
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
258
-266
-128
Capital expenditure
264
239
184
+10.4%
Free cash flow
-6.2
-505
-312
Free cash flow margin
-0.3%
-122.3%
-152.9%
Cash from investing
-249
-207
-162
Cash from financing
635
420
446
+51.4%
Depreciation and amortisation
83.9
25.3
14.6
+231.6%
Share-based compensation
80.7
50.1
29.4
+61.0%
Shares outstanding at period end
1,846m
1,713m
1,568m
+7.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
667
125
224
+435.0%
Debt
586
452
276
+29.6%
Other liabilities
1,164
537
213
+116.6%
Total liabilities and equity
2,417
1,114
713
+116.9%
Fixed assets
738
552
298
+33.7%
Investments
n/a
n/a
25.1
Cash and equivalents
846
202
255
+319.0%
Receivables
49.1
26.8
9.5
+83.0%
Inventory
340
269
50.1
+26.8%
Other assets
443
64.7
75.1
+584.6%
Total assets
2,417
1,114
713
+116.9%
10-K for the year ended 31 December 2013, filed 26 February 2014: the filing.