Tesla Results Presentation Deck
24
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION
(Unaudited)
In millions of USD or shares as applicable, except per share data
Net income (loss) attributable to common stockholders (GAAP)
Stock-based compensation expense
Net income (loss) attributable to common stockholders (non-GAAP)
Net income (loss) per share attributable to common stockholders, basic (GAAP)
Stock-based compensation expense
Net income (loss) per share attributable to common stockholders, basic (non-GAAP)
Shares used in per share calculation, basic (GAAP and non-GAAP)
Net income (loss) attributable to common stockholders (GAAP)
Interest expense
Provision for income taxes
Depreciation, amortization and impairment
Stock-based compensation expense
Adjusted EBITDA (non-GAAP)
Total revenues
Adjusted EBITDA margin (non-GAAP) (¹)
Automotive gross margin (GAAP)
Total regulatory credit revenue recognized
Automotive gross margin excluding regulatory credits (non-GAAP)
In millions of USD
Net cash provided by (used in) operating activities (GAAP)
Capital expenditures
Free cash flow (non-GAAP)
In millions of USD
Net cash (used in) provided by operating activities (GAAP)
Capital expenditures
Free cash flow (non-GAAP)
1Q-20 13 2Q-20 13 3Q-20 13 4Q-20 13
64 (38)
10 2
130
(76) (90)
26
40
(41)
(58)
6
(79)
In millions of USD
Net cash provided by (used in) operating activities TTM (GAAP)
Capital expenditures - TTM
Free cash flow - TTM (non-GAAP)
1Q-20 17
(70)
(553)
(623)
1Q-20 17
56
(1,6 18)
(1,562)
2Q-20 17
(200)
(959)
(1,159)
2Q-2017
(294)
(2,282)
(2,576)
3Q-20 17
(301)
(1,116)
(1,4 17)
3Q-2017
(1,0 19)
(3,150)
(4,169)
4Q-20 17
5 10
(787)
(277)
Q4-20 18
14 0
205
345
1Q-20 14 2Q-20 14 3Q-20 14 4Q-20 14
60
(2) (28) (86)
(141) (175) (284)
(369)
(81) (177) (312) (455)
4Q-20 17
(61)
(3,4 15)
(3,476)
0.81
1.19
2.00
172
14 0
175
22
497
205
1,039
7,226
14.4%
24.3%
- 1.1%
23.2%
1Q-20 18
(398)
(656)
(1,054)
Q1-20 19
(702)
208
(494)
2Q-20 18
(130)
(6 10)
(740)
(4.10)
1.20
(2.90)
173
(702)
158
23
468
208
155
4,541
3.4%
20.2%
-4.9%
15.3%
1Q-20 15 2Q-20 15
(132) (160)
(426) (405)
(558) (565)
3Q-20 18
1,391
(510)
881
Q2-20 19
(408)
210
(198)
(2.31)
1.19
(1.12)
177
(408)
172
19
579
210
572
6,350
9.0%
4Q-20 18
1,235
(325)
9 10
18.9%
-1.7%
17.2%
3Q-20 15 4Q-20 15
(203) (30)
(393)
(411)
(596) (441)
1Q-20 19
(640)
(280)
(920)
Q3-20 19
143
199
342
0.80
1.11
1.91
179
14 3
185
26
530
199
1,083
6,303
17.2%
22.8%
-2.0%
20.8%
2Q-20 19
864
(250)
614
Q4-20 19
10 5
281
3Q-20 19
756
(385)
371
386
0.58
1.56
2.14
180
10 5
170
42
577
281
1,175
7,384
15.9%
1Q-20 16 2Q-20 16 3Q-20 16 4Q-20 16
(250)
150
424 (448)
(217) (294) (248) (522)
(467) (144) 176 (970)
22.5%
-1.6%
20.9%
4Q-20 19
1,425
(412)
1,0 13
1Q-20 19
1,856
4Q-20 19
2,405
1Q-20 18 2Q-20 18 3Q-2018
4Q-20 18
2Q-20 19 3Q-20 19
(389)
(319)
1,373
2,098
2,850
2,215
(3,518) (3,169) (2,563) (2,101) (1,725) (1,365) (1,240)
(3,907) (3,488) (1,190)
(3)
131
1,485
975
(1) Adjusted EBITDA margin is Adjusted EBITDA as a percentage of Total revenues
(1,327)
1,078
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