Tesla (TSLA) FY2018 results: revenue $21.5 billion, up 82.5% on the year
Tesla, Inc. (TSLA) reported revenue of $21.5 billion for fiscal 2018, the year ended 31 December 2018, up 82.5% on the year before. Net income was -$976 million, and diluted earnings per share $-0.38. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2019.
Revenue
$21.5 billion
+82.5% on the year
FY2011FY2018
Operating margin
-1.8%
-13.9% a year earlier
FY2011FY2018
Net income
-$976 million
FY2011FY2018
Diluted EPS
-$0.38
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
21,461
11,759
7,000
+82.5%
Cost of revenue
17,419
9,536
5,401
+82.7%
Gross profit
4,042
2,222
1,599
+81.9%
Gross margin
18.8%
18.9%
22.8%
Research and development
1,460
1,378
834
+6.0%
Selling, general and administrative
2,834
2,476
1,432
+14.5%
Operating income
-388
-1,632
-667
Operating margin
-1.8%
-13.9%
-9.5%
Interest expense
663
471
199
+40.7%
Pre-tax income
-1,005
-2,209
-746
Income tax
58.0
32.0
26.7
+81.2%
Net income
-976
-1,961
-675
Net margin
-4.5%
-16.7%
-9.6%
Diluted EPS
-$0.38
-$0.79
-$0.31
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
2,098
-61.0
-124
Capital expenditure
2,101
3,415
1,281
-38.5%
Free cash flow
-2.9
-3,476
-1,405
Free cash flow margin
-0.0%
-29.6%
-20.1%
Cash from investing
-2,337
-4,196
-1,081
Cash from financing
574
4,415
3,744
-87.0%
Depreciation and amortisation
1,176
769
477
+52.9%
Share-based compensation
749
467
334
+60.5%
Diluted shares, weighted
2,558m
2,486m
2,163m
+2.9%
Shares outstanding at period end
2,589m
2,532m
2,423m
+2.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
4,923
4,237
4,753
+16.2%
Non-controlling interest
834
997
785
-16.3%
Redeemable equity
556
0.1
8.8
+794,134.3%
Debt
11,972
10,215
6,855
+17.2%
Other liabilities
11,454
13,206
10,263
-13.3%
Total liabilities and equity
29,740
28,655
22,664
+3.8%
Fixed assets
11,330
10,028
5,983
+13.0%
Goodwill
68.0
60.2
n/a
+12.9%
Intangible assets
282
362
376
-21.9%
Cash and equivalents
3,686
3,368
3,393
+9.4%
Receivables
949
515
499
+84.1%
Inventory
3,113
2,264
2,067
+37.5%
Other assets
10,311
12,059
10,345
-14.5%
Total assets
29,740
28,655
22,664
+3.8%
10-K for the year ended 31 December 2018, filed 19 February 2019: the filing.