Bangabandhu Sheikh Mujibur Rahman

Science & Technology University,

Gopalganj-8100

AN ASSIGNMENT ON
Statement of Balance Sheet of Tesla, Inc. (TSLA)
Course Code: FNB 403
Course Title: Financial Statement Analysis and Reporting
Submitted By Submitted To
Kobir Hossain Golam Sharoar

ID: 18FB018 Lecturer,

Year: 4th Department Of Finance and

Banking,
Semester: 1st
BSMRSTU, Gopalganj-8100
Session: 2018-2019

Department Of Finance &

Banking, BSMRSTU, Gopalganj-
8100

Date Of Submission: 27-07-2023

 Table of Contents
1 Statement of Balance Sheet ........................................................................................................................ 3

1.1 Current Assets ..................................................................................................................................... 5

1.2 Total Assets ......................................................................................................................................... 5

1.3 Total Liabilities Net Minority Interest ................................................................................................ 6

1.4 Current Liabilities ............................................................................................................................... 6

1.5 Total Equity Gross Minority Interest .................................................................................................. 7

1.6 Total debt............................................................................................................................................. 7

Table of Figures
Figure 1: Current Assets .................................................................................................................................... 5
Figure 2: Total Assets ........................................................................................................................................ 5
Figure 3: Total Labilities Net Minority Interest ................................................................................................ 6
Figure 4: Current Liabilities............................................................................................................................... 6
Figure 5:Total Equity Gross Minority Interest .................................................................................................. 7
Figure 6: Total Debt ........................................................................................................................................... 7
 1 Statement of Balance Sheet

Tesla, Inc. (TSLA)

Statement of Balance Sheet
Breakdown 12/30/2022 12/30/2021 12/30/2020 12/30/2019
Total Assets 82,338,000 62,131,000 52,148,000 34,309,000
Current Assets 40,917,000 27,100,000 26,717,000 12,103,000
Cash, Cash Equivalents & Short Term Investments 22,185,000 17,707,000 19,384,000 6,268,000
Cash And Cash Equivalents 22,185,000 17,576,000 19,384,000 6,268,000
Other Short Term Investments 5,932,000 131,000 - -
Receivables 2,952,000 1,913,000 1,886,000 1,324,000
Accounts receivable 2,952,000 1,913,000 1,886,000 1,324,000
Inventory 12,839,000 5,757,000 4,101,000 3,552,000
Raw Materials 6,137,000 2,816,000 1,508,000 1,428,000
Work in Process 2,385,000 1,089,000 493,000 362,000
Finished Goods 3,475,000 1,277,000 1,666,000 1,356,000
Other Inventories 842,000 575,000 434,000 406,000
Prepaid Assets - 1,723,000 1,346,000 713,000
Restricted Cash - - - 246,000
Other Current Assets 2,941,000 - - -
Total non-current assets 41,421,000 35,031,000 25,431,000 22,206,000
Net PPE 36,635,000 31,176,000 23,375,000 20,199,000
Gross PPE 36,635,000 31,176,000 23,375,000 20,199,000
Properties 6,889,000 6,913,000 6,861,000 14,130,000
Land And Improvements 7,751,000 4,675,000 3,662,000 3,024,000
Machinery Furniture Equipment 5,035,000 4,511,000 3,091,000 2,447,000
Other Properties 31,600,000 26,665,000 20,284,000 17,752,000
Construction in Progress 4,281,000 5,598,000 1,694,000 764,000
Leases 2,366,000 1,826,000 1,421,000 1,087,000
Accumulated Depreciation -10,459,000 -7,918,000 -6,072,000 -11,726,000
Goodwill And Other Intangible Assets 593,000 1,717,000 520,000 537,000
Goodwill 194,000 200,000 207,000 198,000
Other Intangible Assets 593,000 1,717,000 313,000 339,000
Non Current Note Receivables - - - 393,000
Other Non Current Assets 4,193,000 2,138,000 1,536,000 1,077,000
Total Liabilities Net Minority Interest 36,440,000 30,548,000 28,469,000 26,199,000
Current Liabilities 26,709,000 19,705,000 14,248,000 10,667,000
Payables And Accrued Expenses 22,397,000 15,744,000 9,906,000 6,676,000
Payables 15,255,000 10,025,000 6,051,000 3,771,000
Accounts Payable 15,255,000 10,025,000 6,051,000 3,771,000
Total Tax Payable 1,235,000 1,122,000 777,000 611,000
Current Accrued Expenses 7,142,000 5,719,000 3,855,000 2,905,000
Interest Payable - 16,000 77,000 86,000
Current Provisions 270,000 265,000 417,000 272,000
Current Debt And Capital Lease Obligation 1,502,000 1,589,000 2,132,000 1,785,000
Current Debt 1,502,000 1,589,000 2,132,000 1,785,000
Other Current Borrowings 1,016,000 1,088,000 1,758,000 1,399,000
Current Capital Lease Obligation 971,000 869,000 660,000 671,000
Current Deferred Liabilities 2,810,000 2,372,000 2,210,000 1,889,000
Current Deferred Revenue 2,810,000 2,372,000 2,210,000 1,889,000
Other Current Liabilities 354,000 294,000 241,000 317,000
Total Non Current Liabilities Net Minority Interest 9,731,000 10,843,000 14,221,000 15,532,000
Long Term Provisions 51,000 133,000 500,000 545,000
Long Term Debt And Capital Lease Obligation 1,597,000 5,245,000 9,607,000 11,634,000
Long Term Debt 1,597,000 5,245,000 9,607,000 11,634,000
Long Term Capital Lease Obligation 2,732,000 2,662,000 2,348,000 2,225,000
Non Current Deferred Liabilities 2,804,000 2,052,000 1,284,000 1,207,000
Non Current Deferred Taxes Liabilities 82,000 24,000 151,000 -
Non Current Deferred Revenue 2,804,000 2,052,000 1,284,000 1,207,000
Non Current Accrued Expenses 2,480,000 1,398,000 989,000 745,000
Preferred Securities Outside Stock Equity - 568,000 604,000 643,000
Other Non Current Liabilities 5,330,000 3,546,000 3,330,000 2,691,000
Total Equity Gross Minority Interest 45,898,000 31,583,000 23,679,000 8,110,000
Stockholders' Equity 44,704,000 30,189,000 22,225,000 6,618,000
Capital Stock 3,000 1,000 1,000 0
Preferred Stock 0 0 0 0
Common Stock 3,000 1,000 1,000 0
Additional Paid in Capital 32,177,000 29,803,000 27,260,000 12,737,000
Retained Earnings 12,885,000 331,000 -5,399,000 -6,083,000
Gains Losses Not Affecting Retained Earnings -361,000 54,000 363,000 -36,000
Other Equity Adjustments -361,000 54,000 363,000 -36,000
Minority Interest 1,194,000 1,394,000 1,454,000 1,492,000
Total Capitalization 46,301,000 35,434,000 31,832,000 18,252,000
Common Stock Equity 44,704,000 30,189,000 22,225,000 6,618,000
Capital Lease Obligations 3,703,000 3,531,000 3,008,000 2,896,000
Net Tangible Assets 44,111,000 28,472,000 21,705,000 6,081,000
Working Capital 14,208,000 7,395,000 12,469,000 1,436,000
Invested Capital 47,803,000 37,023,000 33,964,000 20,037,000
Tangible Book Value 44,111,000 28,472,000 21,705,000 6,081,000
Total Debt 3,099,000 6,834,000 11,739,000 13,419,000
Net Debt - - - 7,151,000
Share Issued 3,164,000 3,099,000 2,880,000 2,715,931
Ordinary Shares Number 3,164,000 3,099,000 2,880,000 2,715,931
 1.1 Current Assets

Current Assets
45,000,000
40,000,000
35,000,000
30,000,000
25,000,000
20,000,000
15,000,000
10,000,000
5,000,000
0

12/30/2022 12/30/2021 12/30/2020 12/30/2019

Figure 1: Current Assets

Interpretation: Tesla's sales and production have increased significantly in recent years, which has led to an
increase in accounts receivable, inventory, and cash. Tesla has been investing heavily in working capital in
recent years, which has helped to improve its liquidity and financial flexibility.

1.2 Total Assets

Total Assets
90,000,000
80,000,000
70,000,000
60,000,000
50,000,000
40,000,000
30,000,000
20,000,000
10,000,000
0

12/30/2022 12/30/2021 12/30/2020 12/30/2019

Figure 2: Total Assets

Interpretation: Tesla has been selling more cars than ever before, and this has led to a significant increase in
its revenue. As a result, Tesla has been able to increase its investments in research and development,
manufacturing, and sales and marketing. Tesla’s assets, such as its factories, intellectual property, and brand,
have become more valuable in recent years. This is due to the company's strong financial performance and its
leading position in the electric vehicle market. Increased cash flow. Tesla has been generating more cash flow
in recent years, which has allowed it to invest in its business and reduce its debt. This has also contributed to
the increase in its total assets. In addition to these factors, Tesla's total assets have also been increasing due to
the company's acquisition of other businesses, Overall, there are a number of factors that have contributed to
the increase in Tesla's total assets. These factors are likely to continue to drive growth in the company's assets
in the years to come.

1.3 Total Liabilities Net Minority Interest

Total Liabilities Net Minority Interest

40,000,000
35,000,000
30,000,000
25,000,000
20,000,000
15,000,000
10,000,000
5,000,000
0

12/30/2022 12/30/2021 12/30/2020 12/30/2019

Figure 3: Total Labilities Net Minority Interest

Interpretation: Tesla has been increasing its debt load in recent years to fund its growth. This debt is reflected
in the total liabilities line on the balance sheet. Tesla has a number of minority-owned subsidiaries. The
minority interest line on the balance sheet represents the portion of the liabilities of these subsidiaries that is
not owned by Tesla.

1.4 Current Liabilities

Current Liabilities
30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

12/30/2022 12/30/2021 12/30/2020 12/30/2019

Figure 4: Current Liabilities

Interpretation: Tesla has been increasing its spending on raw materials, components, and services, which has
led to an increase in accounts payable. Accounts payable are short-term debts that a company owes to its
suppliers. Tesla's short-term debt has increased in recent years as the company has used debt to finance its
growth. The increase in Tesla's current liabilities is not necessarily a bad thing. It can be a sign that the
company is growing and expanding its operations.

1.5 Total Equity Gross Minority Interest

Total Equity Gross Minority Interest

50,000,000
45,000,000
40,000,000
35,000,000
30,000,000
25,000,000
20,000,000
15,000,000
10,000,000
5,000,000
0

12/30/2022 12/30/2021 12/30/2020 12/30/2019

Figure 5:Total Equity Gross Minority Interest

Interpretation: The total equity gross minority interest of Tesla increased in 2022 for a few reasons. First, the
company's revenue and profitability grew significantly, which increased the value of its equity. Second, Tesla
acquired several companies in 2022, which added to its minority interest. Third, Tesla issued new shares of
common stock, which also increased its minority interest.

1.6 Total debt

Total Debt
16,000,000
14,000,000
12,000,000
10,000,000
8,000,000
6,000,000
4,000,000
2,000,000
0

12/30/2022 12/30/2021 12/30/2020 12/30/2019

Figure 6: Total Debt

Interpretation: Tesla has become more profitable in recent years, which has allowed the company to generate
more cash flow to pay down debt. Tesla has also sold some of its assets, such as its solar panel business, in
order to raise cash and reduce debt. Tesla has improved its financial management practices in recent years,
which has helped to reduce its debt levels.