Tesla (TSLA) FY2021 results: revenue $53.8 billion, up 70.7% on the year
Tesla, Inc. (TSLA) reported revenue of $53.8 billion for fiscal 2021, the year ended 31 December 2021, up 70.7% on the year before. Net income was $5.5 billion, up 665.5%, and diluted earnings per share $1.63. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2022.
Revenue
$53.8 billion
+70.7% on the year
FY2014FY2021
Operating margin
12.1%
6.3% a year earlier
FY2014FY2021
Net income
$5.5 billion
+665.5% on the year
FY2014FY2021
Diluted EPS
$1.63
+665.7% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
11,497
5,943
2,405
+93.5%
Capital expenditure
6,482
3,157
1,327
+105.3%
Free cash flow
5,015
2,786
1,078
+80.0%
Free cash flow margin
9.3%
8.8%
4.4%
Cash from investing
-7,868
-3,132
-1,436
Cash from financing
-5,203
9,973
1,529
Depreciation and amortisation
1,961
1,621
1,414
+21.0%
Share-based compensation
2,121
1,734
898
+22.3%
Diluted shares, weighted
3,387m
3,249m
2,655m
+4.2%
Shares outstanding at period end
3,099m
2,880m
2,715m
+7.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
30,189
22,225
6,618
+35.8%
Non-controlling interest
826
850
849
-2.8%
Redeemable equity
568
604
643
-6.0%
Debt
6,834
11,688
13,419
-41.5%
Operating lease liabilities
1,671
1,254
956
+33.3%
Finance lease liabilities
991
1,094
1,232
-9.4%
Other liabilities
21,052
14,433
10,592
+45.9%
Total liabilities and equity
62,131
52,148
34,309
+19.1%
Fixed assets
18,884
12,747
10,396
+48.1%
Goodwill
200
207
198
-3.4%
Intangible assets
257
313
339
-17.9%
Investments
131
n/a
n/a
Cash and equivalents
17,576
19,384
6,268
-9.3%
Receivables
1,913
1,886
1,324
+1.4%
Inventory
5,757
4,101
3,552
+40.4%
Other assets
17,413
13,510
12,232
+28.9%
Total assets
62,131
52,148
34,309
+19.1%
10-K for the year ended 31 December 2021, filed 7 February 2022: the filing.