Tesla (TSLA) FY2016 results: revenue $7.0 billion, up 73.0% on the year
Tesla, Inc. (TSLA) reported revenue of $7.0 billion for fiscal 2016, the year ended 31 December 2016, up 73.0% on the year before. Net income was -$675 million, and diluted earnings per share $-0.31. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2017.
Revenue
$7.0 billion
+73.0% on the year
FY2009FY2016
Operating margin
-9.5%
-17.7% a year earlier
FY2009FY2016
Net income
-$675 million
FY2009FY2016
Diluted EPS
-$0.31
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
7,000
4,046
3,198
+73.0%
Cost of revenue
5,401
3,123
2,317
+73.0%
Gross profit
1,599
924
882
+73.2%
Gross margin
22.8%
22.8%
27.6%
Research and development
834
718
465
+16.2%
Selling, general and administrative
1,432
922
604
+55.3%
Operating income
-667
-717
-187
Operating margin
-9.5%
-17.7%
-5.8%
Interest expense
199
119
101
+67.3%
Pre-tax income
-746
-876
-285
Income tax
26.7
13.0
9.4
+104.8%
Net income
-675
-889
-294
Net margin
-9.6%
-22.0%
-9.2%
Diluted EPS
-$0.31
-$0.46
-$0.16
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
-124
-524
-57.3
Capital expenditure
1,281
1,635
970
-21.7%
Free cash flow
-1,405
-2,159
-1,027
Free cash flow margin
-20.1%
-53.4%
-32.1%
Cash from investing
-1,081
n/a
n/a
Cash from financing
3,744
n/a
n/a
Depreciation and amortisation
477
279
156
+71.3%
Share-based compensation
334
198
156
+68.8%
Diluted shares, weighted
2,163m
1,923m
n/a
+12.5%
Shares outstanding at period end
2,423m
1,971m
1,885m
+22.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
4,753
1,084
912
+338.6%
Non-controlling interest
785
n/a
n/a
Redeemable equity
8.8
47.3
n/a
-81.4%
Debt
6,855
2,649
2,960
+158.8%
Other liabilities
10,263
4,288
1,959
+139.3%
Total liabilities and equity
22,664
8,068
5,831
+180.9%
Fixed assets
5,983
3,403
1,829
+75.8%
Intangible assets
376
12.8
n/a
+2,835.0%
Investments
n/a
16.7
n/a
Cash and equivalents
3,393
1,197
1,906
+183.5%
Receivables
499
169
227
+195.4%
Inventory
2,067
1,278
954
+61.8%
Other assets
10,345
1,991
915
+419.5%
Total assets
22,664
8,068
5,831
+180.9%
10-K for the year ended 31 December 2016, filed 1 March 2017: the filing.