Tesla, Inc.
For the period ended Dec 31, 2025. Filed Jan 29, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Jan 29, 2026
TSLA$379.78+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash Flows from Operating Activities | |||
| Net income | $3,855 | $7,153 | $14,974 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization and impairment | 6,148 | 5,368 | 4,667 |
| Stock-based compensation | 2,825 | 1,999 | 1,812 |
| Inventory and purchase commitments write-downs | 362 | 335 | 463 |
| Foreign currency transaction net unrealized loss (gain) | 452 | (73) | (144) |
| Deferred income taxes | 123 | 477 | (6,349) |
| Non-cash interest and other operating activities | 272 | 172 | 81 |
| Digital assets loss (gain), net | 68 | (589) | — |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (261) | (1,083) | (586) |
| Inventory | (630) | 937 | (1,195) |
| Operating lease vehicles | (25) | (590) | (1,952) |
| Prepaid expenses and other assets | (3,181) | (3,273) | (2,652) |
| Accounts payable, accrued and other liabilities | 4,376 | 3,588 | 2,605 |
| Deferred revenue | 363 | 502 | 1,532 |
| Net cash provided by operating activities | 14,747 | 14,923 | 13,256 |
| Cash Flows from Investing Activities | |||
| Purchases of property and equipment excluding finance leases, net of sales | (8,527) | (11,342) | (8,899) |
| Purchases of investments | (37,109) | (35,955) | (19,112) |
| Proceeds from maturities of investments | 30,158 | 28,310 | 12,353 |
| Proceeds from sales of investments | — | 200 | 138 |
| Business combinations, net of cash acquired | — | — | (64) |
| Net cash used in investing activities | (15,478) | (18,787) | (15,584) |
| Cash Flows from Financing Activities | |||
| Proceeds from issuances of debt | 5,586 | 5,744 | 3,931 |
| Repayments of debt | (5,546) | (2,500) | (1,351) |
| Proceeds from exercises of stock options and other stock issuances, net of issuance costs | 1,186 | 1,241 | 700 |
| Principal payments on finance leases | (104) | (381) | (464) |
| Proceeds received from directors in shareholder settlement | 277 | — | — |
| Payment of legal fees associated with shareholder settlement | (176) | — | — |
| Debt issuance costs | (6) | (14) | (29) |
| Distributions paid to noncontrolling interests in subsidiaries | (78) | (104) | (144) |
| Payments for buy-outs of noncontrolling interests in subsidiaries | — | (133) | (54) |
| Net cash provided by financing activities | 1,139 | 3,853 | 2,589 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | 171 | (141) | 4 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 579 | (152) | 265 |
| Cash and cash equivalents and restricted cash, beginning of period | 17,037 | 17,189 | 16,924 |
| Cash and cash equivalents and restricted cash, end of period | $17,616 | $17,037 | $17,189 |
| Supplemental Non-Cash Investing and Financing Activities | |||
| Acquisitions of property and equipment included in liabilities | $1,913 | $1,410 | $2,272 |
| Supplemental Disclosures | |||
| Cash paid during the period for interest | $292 | $277 | $126 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.