TSLA FY 2022 Earnings Report — Tesla, Inc. Revenue & Financial Results | Market Cap Arena

Tesla, Inc.TSLA

FY 2022 Earnings

Reported January 30, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$81.5B	—	$53.8B	—	51.4%
Op. Income	$13.7B	—	$6.5B	—	109.4%
Gross Margin	25.6%	—	25.3%	—	0.3pp
Net Margin	15.4%	—	10.3%	—	5.2pp
EPS (Diluted)	$3.62	—	$1.63	—	122.1%
Free Cash Flow	$7.6B	—	$3.5B	—	116.8%

Revenue Flow

Item	Amount
REVENUE	$81.5B
Cost of Revenue	$60.6B
GROSS PROFIT	$20.9B
R&D Expenses	$3.1B
Selling & Marketing	$0
General & Administrative	$3.9B
SG&A Expenses	$3.9B
Other Expenses	$176M
Operating Expenses	$7.2B
Cost & Expenses	$67.8B
OPERATING INCOME	$13.7B
Interest Income	$297M
Interest Expense	$191M
Other Income/Expenses	$63M
INCOME BEFORE TAX	$13.7B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$12.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$27M
NET INCOME	$12.6B
Net Income Deductions	-$1M
BOTTOM LINE NET INCOME	$12.6B
D&A	$3.7B
EBIT	$13.9B
EBITDA	$17.7B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$81.5B
Cost of Revenue	$60.6B
GROSS PROFIT	$20.9B
R&D Expenses	$3.1B
Selling & Marketing	$0
General & Administrative	$3.9B
SG&A Expenses	$3.9B
Other Expenses	$176M
Operating Expenses	$7.2B
Cost & Expenses	$67.8B
OPERATING INCOME	$13.7B
Interest Income	$297M
Interest Expense	$191M
Other Income/Expenses	$63M
INCOME BEFORE TAX	$13.7B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$12.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$27M
NET INCOME	$12.6B
Net Income Deductions	-$1M
BOTTOM LINE NET INCOME	$12.6B
D&A	$3.7B
EBIT	$13.9B
EBITDA	$17.7B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$12.6B
Depreciation & Amortization	$3.5B
Stock-Based Compensation	$1.6B
Deferred Income Tax	$0
Other Non-Cash Items	$777M
Change in Working Capital	-$3.7B
OPERATING CASH FLOW	$14.7B
Capital Expenditure	-$7.2B
Acquisitions (Net)	$0
Purchases of Investments	-$5.8B
Sales/Maturities of Investments	$22M
Other Investing Activities	$1.0B
NET CASH FROM INVESTING	-$12.0B
Net Debt Issuance	-$3.9B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$202M
NET CASH FROM FINANCING	-$3.5B
FREE CASH FLOW	$7.6B
Net Change in Cash	-$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$16.3B
Short-Term Investments	$5.9B
Net Receivables	$3.0B
Inventory	$12.8B
Other Current Assets	$2.9B
TOTAL CURRENT ASSETS	$40.9B
PP&E (Net)	$36.6B
Goodwill	$194M
Intangible Assets	$399M
Long-Term Investments	$657M
Tax Assets	$328M
Other Non-Current Assets	$3.2B
TOTAL NON-CURRENT ASSETS	$41.4B
TOTAL ASSETS	$82.3B
Account Payables	$15.3B
Short-Term Debt	$1.0B
Deferred Revenue	$2.8B
Other Current Liabilities	$1.6B
TOTAL CURRENT LIABILITIES	$26.7B
Long-Term Debt	$1.0B
Deferred Revenue NC	$2.8B
Deferred Tax Liabilities	$82M
Other Non-Current Liabilities	$3.1B
TOTAL NON-CURRENT LIABILITIES	$9.7B
TOTAL LIABILITIES	$36.4B
Common Stock	$3M
Additional Paid-In Capital	$32.2B
Retained Earnings	$12.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$361M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$44.7B
Minority Interest	$1.2B
TOTAL EQUITY	$45.9B
TOTAL LIABILITIES & EQUITY	$82.3B
Total Debt	$5.7B
Net Debt	-$10.5B