Tesla (TSLA) FY2015 results: revenue $4.0 billion, up 26.5% on the year
Tesla, Inc. (TSLA) reported revenue of $4.0 billion for fiscal 2015, the year ended 31 December 2015, up 26.5% on the year before. Net income was -$889 million, and diluted earnings per share $-0.46. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$4.0 billion
+26.5% on the year
FY2009FY2015
Operating margin
-17.7%
-5.8% a year earlier
FY2009FY2015
Net income
-$889 million
FY2009FY2015
Diluted EPS
-$0.46
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
4,046
3,198
2,013
+26.5%
Cost of revenue
3,123
2,317
1,557
+34.8%
Gross profit
924
882
456
+4.7%
Gross margin
22.8%
27.6%
22.7%
Research and development
718
465
232
+54.5%
Selling, general and administrative
922
604
286
+52.8%
Operating income
-717
-187
-61.3
Operating margin
-17.7%
-5.8%
-3.0%
Interest expense
119
101
32.9
+17.8%
Pre-tax income
-876
-285
-71.4
Income tax
13.0
9.4
2.6
+38.7%
Net income
-889
-294
-74.0
Net margin
-22.0%
-9.2%
-3.7%
Diluted EPS
-$0.46
-$0.16
-$0.04
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
-524
-57.3
258
Capital expenditure
1,635
970
264
+68.6%
Free cash flow
-2,159
-1,027
-6.2
Free cash flow margin
-53.4%
-32.1%
-0.3%
Cash from investing
n/a
n/a
-249
Cash from financing
n/a
n/a
635
Depreciation and amortisation
279
156
83.9
+78.8%
Share-based compensation
198
156
80.7
+26.5%
Diluted shares, weighted
1,923m
n/a
n/a
Shares outstanding at period end
1,971m
1,885m
1,846m
+4.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,084
912
667
+18.9%
Redeemable equity
47.3
n/a
n/a
Debt
2,649
2,960
586
-10.5%
Other liabilities
4,288
1,959
1,164
+118.9%
Total liabilities and equity
8,068
5,831
2,417
+38.4%
Fixed assets
3,403
1,829
738
+86.0%
Intangible assets
12.8
n/a
n/a
Investments
16.7
n/a
n/a
Cash and equivalents
1,197
1,906
846
-37.2%
Receivables
169
227
49.1
-25.4%
Inventory
1,278
954
340
+34.0%
Other assets
1,991
915
443
+117.5%
Total assets
8,068
5,831
2,417
+38.4%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.