v3.20.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Automotive leasing $ 268 $ 208 $ 507 $ 423
Total automotive revenues 5,179 5,376 10,311 9,100
Services and other 487 605 1,047 1,098
Total revenues 6,036 6,350 12,021 10,891
Cost of revenues        
Automotive leasing 148 106 270 223
Total automotive cost of revenues 3,862 4,360 7,683 7,333
Services and other 558 743 1,206 1,429
Total cost of revenues 4,769 5,429 9,520 9,404
Gross profit 1,267 921 2,501 1,487
Operating expenses        
Research and development 279 324 603 664
Selling, general and administrative 661 647 1,288 1,351
Restructuring and other   117   161
Total operating expenses 940 1,088 1,891 2,176
Income (loss) from operations 327 (167) 610 (689)
Interest income 8 10 18 19
Interest expense (170) (172) (339) (330)
Other expense, net (15) (41) (69) (15)
Income (loss) before income taxes 150 (370) 220 (1,015)
Provision for income taxes 21 19 23 42
Net income (loss) 129 (389) 197 (1,057)
Net income attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries 25 19 77 53
Net income (loss) attributable to common stockholders $ 104 $ (408) $ 120 $ (1,110)
Net income (loss) per share of common stock attributable to common stockholders        
Basic $ 0.56 $ (2.31) $ 0.65 $ (6.40)
Diluted $ 0.50 $ (2.31) $ 0.59 $ (6.40)
Weighted average shares used in computing net income (loss) per share of common stock        
Basic 186 177 184 175
Diluted 207 177 203 175
Automotive Sales [Member]        
Revenues        
Revenues $ 4,911 $ 5,168 $ 9,804 $ 8,677
Cost of revenues        
Cost of revenues 3,714 4,254 7,413 7,110
Energy Generation and Storage [Member]        
Revenues        
Revenues 370 369 663 693
Cost of revenues        
Cost of revenues $ 349 $ 326 $ 631 $ 642