Table of ContentsTesla, Inc.Consolidated Statements of Cash Flows(in millions)(unaudited)Nine Months Ended September 30,2024 2023Cash Flows from Operating ActivitiesNet income $ 4,821 $ 7,031Adjustments to reconcile net income to net cash provided by operating activities:Depreciation, amortization and impairment 3,872 3,435Stock-based compensation 1,420 1,328Inventory and purchase commitments write-downs 247 361Foreign currency transaction net unrealized loss (gain) 197 (317)Deferred income taxes 418 (316)Non-cash interest and other operating activities 83 94Changes in operating assets and liabilities:Accounts receivable 144 377Inventory (1,107) (1,953)Operating lease vehicles (82) (1,858)Prepaid expenses and other assets (2,639) (1,992)Accounts payable, accrued and other liabilities 2,504 1,922Deferred revenue 231 774Net cash provided by operating activities10,109 8,886Cash Flows from Investing ActivitiesPurchases of property and equipment excluding finance leases, net of sales (8,556) (6,592)Purchases of solar energy systems, net of sales (6) —Purchases of investments (20,797) (13,221)Proceeds from maturities of investments 17,975 8,959Proceeds from sales of investments 200 138Business combinations, net of cash acquired — (64)Net cash used in investing activities(11,184) (10,780)Cash Flows from Financing ActivitiesProceeds from issuances of debt 4,360 2,526Repayments of debt (1,783) (887)Proceeds from exercises of stock options and other stock issuances 788 548Principal payments on finance leases (291) (340)Debt issuance costs (6) (23)Distributions paid to noncontrolling interests in subsidiaries (76) (105)Payments for buy-outs of noncontrolling interests in subsidiaries (124) (17)Net cash provided by financing activities2,868 1,702Effect of exchange rate changes on cash and cash equivalents and restricted cash(8) (142)Net increase (decrease) in cash and cash equivalents and restricted cash1,785 (334)Cash and cash equivalents and restricted cash, beginning of period 17,189 16,924Cash and cash equivalents and restricted cash, end of period$ 18,974 $ 16,590Supplemental Non-Cash Investing and Financing ActivitiesAcquisitions of property and equipment included in liabilities $ 2,727 $ 1,717Leased assets obtained in exchange for finance lease liabilities $ 32 $ 1Leased assets obtained in exchange for operating lease liabilities $ 1,232 $ 1,548The accompanying notes are an integral part of these consolidated financial statements.9
tsla-20240930https://www.sec.gov/Archives/edgar/data/1318605/00016282802404...
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