Tesla Motors 2015 03 31.pdf
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Detailed P&L for the Roadster business
The most important drivers for the Roadster business are discussed above, here is the detailed P&L.
Roadster: Detailed P&L
Revenues
Model S Capex allocation (Mil $)
Model S Capex allocation ($ Mil)
Roadster (Bil $)
Roadster ($ Bil)
Model S NWC & NOA allocation
2011
2012
2013
2014 2015
2016 2017
2018
2019 2020 2021
2022
91.7
91.7
0.10
0.10
27.2
27.2
0.05
0.05
1.03
1.03
0.01
0.01
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
48.9
48.9
0.75
0.75
91.2
91.2
1.65
1.65
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
84.7
84.7
1.12
1.12
97.9
97.9
1.50
1.50
-17.5 -3.50 0.05
0.00 0.00 0.00 0.00 0.00 -6.80 -7.72 -8.93 -8.50
89.5
17.0
237
23.7
61.7
8.90
108
25.9
98.8
25.9
108
25.9
103
25.9
103
25.9
103
25.9
103
25.9
103
25.9
103
25.9
4.61
2.04
1.37
2.96
2.96
2.96
2.96
2.96
2.96
2.96
2.96
2.96
100
267
55.1
88.8
98.8
103
103
103
103
103
103
103
15.7
9.63
5.38
8.41
9.41
9.41
9.41
9.41
9.41
9.41
9.41
9.41
11.0
5.31
1.17
1.35
1.35
1.35
1.35
1.35
1.35
1.35
1.35
1.35
7.30
6.09 2.89
5.42
5.42
5.42
5.42
5.42
5.42
5.42
5.42
5.42
0.18
0.07
0.01
0.00 0.00 0.00 0.00 0.00 0.79
1.20
1.59
1.73
Expenses
Direct Expenses (Bil $)
Roadster Gross Profit Margin (%)
Indirect Expenses (Mil $)
Effective Taxes ($ Bil)
SG&A as % of Gross Profits (%)
R&D as a % of Revenues (%)
Total Expenses (Bil $)
0.08
22.7
133
0.00
124
92.7
0.21
0.04
4.21
39.2
0.00
321
58.5
0.08
0.01
22.3
1.30
0.00
30.1
9.72
0.01
0.00
27.3
0.00
0.01
32.4
12.4
0.00
0.80
28.6
202
0.52
35.4
6.40
1.01
1.07
28.9
258
0.86
34.4
5.40
1.33
1.17
29.2
268
1.21
33.4
4.40
1.44
Adjusted EBITDA (Mil $)
Free Cash Flow (Mil $)
97.4
n/a
25.6
n/a
2.82
n/a
0.00 0.00 0.00 0.00 0.00 254
n/a 0.00 0.00 0.00 0.00 115
398
196
522
263
564
296
(Mil $)
Inventory Turnover Ratio
Account Receivable Days
Other Current Assets as % of
Revenue (%)
Account Payable Days
Accrued Liabilities as a % of
Revenues (%)
Other Assets as % of Revenue (%)
Other Liabilities as % of Revenue
(%)
Total Revenues (Bil $)
TREFIS ANALYSIS for TESLA MOTORS
0.00
27.3
0.00
-0.04
34.4
11.4
0.00
0.00
27.3
0.00
-0.05
35.4
10.4
0.00
CONTENT@TREFIS.COM
0.00
27.3
0.00
-0.09
36.4
9.40
0.00
0.00
27.3
0.00
-0.04
37.4
8.40
0.00
0.54
28.3
138
0.24
36.4
7.40
0.68
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