Tesla (TSLA) FY2023 results: revenue $96.8 billion, up 18.8% on the year
Tesla, Inc. (TSLA) reported revenue of $96.8 billion for fiscal 2023, the year ended 31 December 2023, up 18.8% on the year before. Net income was $15.0 billion, up 19.4%, and diluted earnings per share $4.30. The figures are the company's own, from the 10-K it filed with the SEC on 29 January 2024.
Revenue
$96.8 billion
+18.8% on the year
FY2016FY2023
Operating margin
9.2%
16.8% a year earlier
FY2016FY2023
Net income
$15.0 billion
+19.4% on the year
FY2016FY2023
Diluted EPS
$4.30
+18.8% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
13,256
14,724
11,497
-10.0%
Capital expenditure
8,898
7,158
6,482
+24.3%
Free cash flow
4,358
7,566
5,015
-42.4%
Free cash flow margin
4.5%
9.3%
9.3%
Cash from investing
-15,584
-11,973
-7,868
Cash from financing
2,589
-3,527
-5,203
Depreciation and amortisation
n/a
n/a
1,961
Share-based compensation
1,812
1,560
2,121
+16.2%
Diluted shares, weighted
3,485m
3,475m
3,387m
+0.3%
Shares outstanding at period end
3,185m
3,164m
3,099m
+0.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
62,634
44,704
30,189
+40.1%
Non-controlling interest
733
785
826
-6.6%
Redeemable equity
242
409
568
-40.8%
Debt
5,230
3,099
6,834
+68.8%
Operating lease liabilities
3,671
2,164
1,671
+69.6%
Finance lease liabilities
175
568
991
-69.2%
Other liabilities
33,933
30,609
21,052
+10.9%
Total liabilities and equity
106,618
82,338
62,131
+29.5%
Fixed assets
29,725
23,548
18,884
+26.2%
Goodwill
253
194
200
+30.4%
Intangible assets
178
215
257
-17.2%
Investments
12,696
5,932
131
+114.0%
Cash and equivalents
16,398
16,253
17,576
+0.9%
Receivables
3,508
2,952
1,913
+18.8%
Inventory
13,626
12,839
5,757
+6.1%
Other assets
30,234
20,405
17,413
+48.2%
Total assets
106,618
82,338
62,131
+29.5%
10-K for the year ended 31 December 2023, filed 29 January 2024: the filing.