TSLA Q4 2021 Earnings Report — Tesla, Inc. Revenue & Financial Results | Market Cap Arena

Tesla, Inc.TSLA

Q4 2021 Earnings

Reported February 4, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2021	Q3 2021	Q4 2020	QoQ Change	YoY Change
Revenue	$17.7B	$13.8B	—	28.8%	—
Op. Income	$2.6B	$2.0B	—	30.4%	—
Gross Margin	27.4%	26.6%	—	0.8pp	—
Net Margin	13.1%	11.8%	—	1.3pp	—
EPS (Diluted)	$0.54	$0.48	—	12.5%	—
Free Cash Flow	$2.8B	$1.3B	—	109.6%	—

Revenue Flow

Item	Amount
REVENUE	$17.7B
Cost of Revenue	$12.9B
GROSS PROFIT	$4.8B
R&D Expenses	$740M
Selling & Marketing	$0
General & Administrative	$1.5B
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$2.2B
Cost & Expenses	$15.1B
OPERATING INCOME	$2.6B
Interest Income	$25M
Interest Expense	$71M
Other Income/Expenses	$22M
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$292M
Net Income from Continuing Ops	$2.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.3B
Net Income Deductions	-$14M
BOTTOM LINE NET INCOME	$2.3B
D&A	$848M
EBIT	$2.7B
EBITDA	$3.6B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$17.7B
Cost of Revenue	$12.9B
GROSS PROFIT	$4.8B
R&D Expenses	$740M
Selling & Marketing	$0
General & Administrative	$1.5B
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$2.2B
Cost & Expenses	$15.1B
OPERATING INCOME	$2.6B
Interest Income	$25M
Interest Expense	$71M
Other Income/Expenses	$22M
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$292M
Net Income from Continuing Ops	$2.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.3B
Net Income Deductions	-$14M
BOTTOM LINE NET INCOME	$2.3B
D&A	$848M
EBIT	$2.7B
EBITDA	$3.6B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$2.3B
Depreciation & Amortization	$848M
Stock-Based Compensation	$558M
Deferred Income Tax	$0
Other Non-Cash Items	$499M
Change in Working Capital	$337M
OPERATING CASH FLOW	$4.6B
Capital Expenditure	-$1.8B
Acquisitions (Net)	$0
Purchases of Investments	-$102M
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$1.9B
Net Debt Issuance	-$1.5B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$63M
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$2.8B
Net Change in Cash	$1.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$17.6B
Short-Term Investments	$131M
Net Receivables	$1.9B
Inventory	$5.8B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$27.1B
PP&E (Net)	$31.2B
Goodwill	$200M
Intangible Assets	$1.5B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$2.1B
TOTAL NON-CURRENT ASSETS	$35.0B
TOTAL ASSETS	$62.1B
Account Payables	$10.0B
Short-Term Debt	$1.1B
Deferred Revenue	$2.4B
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$19.7B
Long-Term Debt	$4.3B
Deferred Revenue NC	$2.1B
Deferred Tax Liabilities	$24M
Other Non-Current Liabilities	$1.9B
TOTAL NON-CURRENT LIABILITIES	$10.8B
TOTAL LIABILITIES	$30.5B
Common Stock	$3M
Additional Paid-In Capital	$29.8B
Retained Earnings	$329M
Treasury Stock	$0
Accum. Other Comp. Income	$54M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$30.2B
Minority Interest	$1.4B
TOTAL EQUITY	$31.6B
TOTAL LIABILITIES & EQUITY	$62.1B
Total Debt	$8.9B
Net Debt	-$8.7B