Tesla (TSLA) FY2014 results: revenue $3.2 billion, up 58.8% on the year
Tesla, Inc. (TSLA) reported revenue of $3.2 billion for fiscal 2014, the year ended 31 December 2014, up 58.8% on the year before. Net income was -$294 million, and diluted earnings per share $-0.16. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2015.
Revenue
$3.2 billion
+58.8% on the year
FY2009FY2014
Operating margin
-5.8%
-3.0% a year earlier
FY2009FY2014
Net income
-$294 million
FY2009FY2014
Diluted EPS
-$0.16
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
3,198
2,013
413
+58.8%
Cost of revenue
2,317
1,557
383
+48.8%
Gross profit
882
456
30.1
+93.2%
Gross margin
27.6%
22.7%
7.3%
Research and development
465
232
274
+100.3%
Selling, general and administrative
604
286
150
+111.4%
Operating income
-187
-61.3
-394
Operating margin
-5.8%
-3.0%
-95.4%
Interest expense
101
32.9
0.3
+206.3%
Pre-tax income
-285
-71.4
-396
Income tax
9.4
2.6
0.1
+263.4%
Net income
-294
-74.0
-396
Net margin
-9.2%
-3.7%
-95.9%
Diluted EPS
-$0.16
-$0.04
-$0.25
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
-57.3
258
-266
Capital expenditure
970
264
239
+267.1%
Free cash flow
-1,027
-6.2
-505
Free cash flow margin
-32.1%
-0.3%
-122.3%
Cash from investing
n/a
-249
-207
Cash from financing
n/a
635
420
Depreciation and amortisation
156
83.9
25.3
+85.8%
Share-based compensation
156
80.7
50.1
+93.8%
Shares outstanding at period end
1,885m
1,846m
1,713m
+2.1%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
912
667
125
+36.7%
Debt
2,960
586
452
+404.8%
Other liabilities
1,959
1,164
537
+68.4%
Total liabilities and equity
5,831
2,417
1,114
+141.2%
Fixed assets
1,829
738
552
+147.7%
Cash and equivalents
1,906
846
202
+125.3%
Receivables
227
49.1
26.8
+361.4%
Inventory
954
340
269
+180.2%
Other assets
915
443
64.7
+106.6%
Total assets
5,831
2,417
1,114
+141.2%
10-K for the year ended 31 December 2014, filed 26 February 2015: the filing.