Tesla 2016 Annual Report Download - page 52

Tesla Motors, Inc.
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Consolidated Statements of Cash Flows
(in thousands)
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 Year Ended December 31,
2015 2014 2013
Cash Flows From Operating Activities            
Netloss  $ (888,663)  $ (294,040)  $ (74,014)
Adjustmentstoreconcilenetlosstonetcashprovidedby(usedin)
operatingactivities:            
Depreciationandamortization   422,590   231,931   106,083
Stock-basedcompensation   197,999   156,496   80,737 
Amortizationofdiscountonconvertibledebt   72,063   69,734    9,143
Inventorywrite-downs   44,940   15,609    8,918
AmortizationofDepartmentofEnergy(DOE)loanoriginationcosts   —   —   5,558
ChangeinfairvalueofDOEwarrantliability   —   —   (10,692)
Fixedassetdisposal   37,723   14,178    1,796
Othernon-cashoperatingactivities   26,373   7,471   1,815
Foreigncurrencytransaction(gain)loss   55,765   (1,891)   (13,498)
Changesinoperatingassetsandliabilities            
Accountsreceivable   46,267   (183,658)   (21,705)
Inventoriesandoperatingleasevehicles   (1,573,860)   (1,050,264 )   (460,561)
Prepaidexpensesandothercurrentassets   (29,595 )   (60,637)   (17,533 )
Otherassets   (24,362)   (4,493)   (434)
Accountspayableandaccruedliabilities   263,345   414,856   87,413 
Deferredrevenue   322,203   209,681   268,098
Customerdeposits   36,721   106,230   24,354
Resalevalueguarantee   442,295   249,492   236,299
Otherlong-termliabilities   23,697   61,968    33,027
Netcashprovidedby(usedin)operatingactivities   (524,499)   (57,337 )   264,804 
Cash Flows From Investing Activities            
Purchasesofpropertyandequipmentexcludingcapitalleases   (1,634,850)   (969,885)   (264,224)
WithdrawalsoutofourdedicatedDOEaccount,net   —   —   14,752
(Increase)decreaseinotherrestrictedcash   (26,441)   (3,849)   55 
Purchasesofshort-termmarketablesecurities   —   (205,841)   — 
Maturitiesofshort-termmarketablesecurities   —   189,131   —
Businessacquisition (12,260)   —   —
Netcashusedininvestingactivities   (1,673,551)   (990,444)   (249,417)
Cash Flows From Financing Activities            
Proceedsfromissuanceofconvertibleandotherdebt   318,972   2,300,000   660,000
Proceedsfromissuanceofcommonstockinpublicoffering   730,000   —   360,000
Proceedsfromissuanceofwarrants   —   389,160   120,318
Proceedsfromexerciseofstockoptionsandotherstockissuances   106,611   100,455   95,307 
Proceedsfromissuanceofcommonstockinprivateplacement   20,000   —   55,000
PrincipalpaymentsonDOEloans   —   —   (452,337 )
Purchaseofconvertiblenotehedges   —   (603,428)   (177,540)
Commonstockandconvertibledebtissuancecosts   (17,025)   (35,149 )   (16,901)
Principalpaymentsoncapitalleasesandotherdebt   (203,780)   (11,179 )   (8,425)
Collateralizedleaseborrowing   568,745   3,271   —
Netcashprovidedbyfinancingactivities   1,523,523   2,143,130   635,422
Effectofexchangeratechangesoncashandcashequivalents   (34,278)   (35,525 )   (6,810)
Netincrease(decrease)incashandcashequivalents   (708,805)   1,059,824    643,999
Cashandcashequivalentsatbeginningofperiod   1,905,713    845,889   201,890
Cashandcashequivalentsatendofperiod  $ 1,196,908  $ 1,905,713  $ 845,889 
Supplemental Disclosures            
Interestpaid  $ 32,060  $ 20,539  $ 9,041
Incometaxespaid   9,461   3,120   257
Supplemental noncash investing activities            
Acquisitionofpropertyandequipmentincludedinaccountspayable
andaccruedliabilities   267,334   254,393   38,789 
Estimatedfairmarketvalueoffacilitiesunderbuild-to-suitlease   174,749   50,076   —
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Theaccompanyingnotesareanintegralpartoftheseconsolidatedfinancialstatements.
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