Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Tesla Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	7,153)	14,974)	12,587)	5,644)	862)
Depreciation, amortization and impairment	5,368)	4,667)	3,747)	2,911)	2,322)
Stock-based compensation	1,999)	1,812)	1,560)	2,121)	1,734)
Inventory and purchase commitments write-downs	335)	463)	177)	140)	202)
Foreign currency transaction net unrealized (gain) loss	(73)	(144)	81)	(55)	114)
Deferred income taxes	477)	(6,349)	(196)	(149)	—)
Non-cash interest and other operating activities	172)	81)	340)	245)	525)
Digital assets (gain) loss, net	(589)	—)	140)	(27)	—)
Accounts receivable	(1,083)	(586)	(1,124)	(130)	(652)
Inventory	937)	(1,195)	(6,465)	(1,709)	(422)
Operating lease vehicles	(590)	(1,952)	(1,570)	(2,114)	(1,072)
Prepaid expenses and other assets	(3,273)	(2,652)	(3,713)	(1,540)	(595)
Accounts payable, accrued and other liabilities	3,588)	2,605)	8,029)	5,367)	2,604)
Deferred revenue	502)	1,532)	1,131)	793)	321)
Changes in operating assets and liabilities	81)	(2,248)	(3,712)	667)	184)
Adjustments to reconcile net income to net cash provided by operating activities	7,770)	(1,718)	2,137)	5,853)	5,081)
Net cash provided by operating activities	14,923)	13,256)	14,724)	11,497)	5,943)
Purchases of property and equipment excluding finance leases, net of sales	(11,339)	(8,898)	(7,158)	(6,482)	(3,157)
Purchases of solar energy systems, net of sales	(3)	(1)	(5)	(32)	(75)
Purchases of digital assets	—)	—)	—)	(1,500)	—)
Proceeds from sales of digital assets	—)	—)	936)	272)	—)
Purchase of intangible assets	—)	—)	(9)	—)	(10)
Purchases of investments	(35,955)	(19,112)	(5,835)	(132)	—)
Proceeds from maturities of investments	28,310)	12,353)	22)	—)	—)
Proceeds from sales of investments	200)	138)	—)	—)	—)
Receipt of government grants	—)	—)	76)	6)	123)
Business combinations, net of cash acquired	—)	(64)	—)	—)	(13)
Net cash used in investing activities	(18,787)	(15,584)	(11,973)	(7,868)	(3,132)
Proceeds from issuances of common stock in public offerings, net of issuance costs	—)	—)	—)	—)	12,269)
Proceeds from issuances of debt	5,744)	3,931)	—)	8,883)	9,713)
Repayments of debt	(2,500)	(1,351)	(3,364)	(14,167)	(11,623)
Collateralized lease repayments	—)	—)	—)	(9)	(240)
Proceeds from exercises of stock options and other stock issuances	1,241)	700)	541)	707)	417)
Principal payments on finance leases	(381)	(464)	(502)	(439)	(338)
Debt issuance costs	(14)	(29)	—)	(9)	(6)
Proceeds from investments by noncontrolling interests in subsidiaries	—)	—)	—)	2)	24)
Distributions paid to noncontrolling interests in subsidiaries	(104)	(144)	(157)	(161)	(208)
Payments for buy-outs of noncontrolling interests in subsidiaries	(133)	(54)	(45)	(10)	(35)
Net cash provided by (used in) financing activities	3,853)	2,589)	(3,527)	(5,203)	9,973)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(141)	4)	(444)	(183)	334)
Net increase (decrease) in cash and cash equivalents and restricted cash	(152)	265)	(1,220)	(1,757)	13,118)
Cash and cash equivalents and restricted cash, beginning of period	17,189)	16,924)	18,144)	19,901)	6,783)
Cash and cash equivalents and restricted cash, end of period	17,037)	17,189)	16,924)	18,144)	19,901)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Tesla Inc. net cash provided by operating activities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Tesla Inc. net cash used in investing activities decreased from 2022 to 2023 and from 2023 to 2024.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Tesla Inc. net cash provided by (used in) financing activities increased from 2022 to 2023 and from 2023 to 2024.

Tesla Inc. (NASDAQ:TSLA)

Cash Flow Statement