v3.20.1
Segment Reporting and Information about Geographic Areas
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Segment Reporting and Information about Geographic Areas

 


Note 15 – Segment Reporting and Information about Geographic Areas

We have two operating and reportable segments: (i) automotive and (ii) energy generation and storage. The automotive segment includes the design, development, manufacturing, sales, and leasing of electric vehicles as well as sales of automotive regulatory credits. Additionally, the automotive segment is also comprised of services and other, which includes non-warranty after-sales vehicle services, sales of used vehicles, retail merchandise, sales by our acquired subsidiaries to third party customers, and vehicle insurance revenue. The energy generation and storage segment includes the design, manufacture, installation, sales, and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Our CODM does not evaluate operating segments using asset or liability information. The following table presents revenues and gross profit by reportable segment (in millions):

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Automotive segment

 

 

 

 

 

 

 

 

Revenues

 

$

5,692

 

 

$

4,217

 

Gross profit

 

$

1,223

 

 

$

558

 

Energy generation and storage segment

 

 

 

 

 

 

 

 

Revenues

 

$

293

 

 

$

324

 

Gross profit

 

$

11

 

 

$

8

 

 

The following table presents revenues by geographic area based on the sales location of our products (in millions):

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

United States

 

$

2,768

 

 

$

2,330

 

China

 

 

900

 

 

 

779

 

Other

 

 

2,317

 

 

 

1,432

 

Total

 

$

5,985

 

 

$

4,541

 

 

The revenues in certain geographic areas were impacted by the price adjustments we made to our vehicle offerings during the three months ended March 31, 2019. Refer to Note 2, Summary of Significant Accounting Policies, for details.

 

The following table presents long-lived assets by geographic area (in millions):

 

 

 

March 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

United States

 

$

15,657

 

 

$

15,644

 

International

 

 

1,087

 

 

 

890

 

Total

 

$

16,744

 

 

$

16,534