v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 16,513 $ 16,139
Short-term investments 27,546 20,424
Accounts receivable, net 4,576 4,418
Inventory 12,392 12,017
Prepaid expenses and other current assets 7,615 5,362
Total current assets 68,642 58,360
Property, plant and equipment, net 40,643 35,836
Operating lease right-of-use assets 6,027 5,160
Digital assets 1,008 1,076
Deferred tax assets 6,925 6,524
Other non-current assets 5,045 4,609
Total assets 137,806 122,070
Current liabilities    
Accounts payable 13,371 12,474
Accrued liabilities and other 13,279 10,723
Deferred revenue 3,424 3,168
Current portion of debt and finance leases 1,640 2,456
Total current liabilities 31,714 28,821
Debt and finance leases, net of current portion 6,736 5,757
Deferred revenue, net of current portion 3,631 3,317
Other long-term liabilities 12,860 10,495
Total liabilities 54,941 48,390
Commitments and contingencies (Note 13)
Redeemable noncontrolling interests in subsidiaries 58 63
Stockholders’ equity    
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding 0 0
Common stock; $0.001 par value; 6,000 shares authorized; 3,751 and 3,216 shares issued and outstanding as of December 31, 2025 and 2024, respectively 3 3
Additional paid-in capital 42,770 38,371
Accumulated other comprehensive income (loss) 361 (670)
Retained earnings 39,003 35,209
Total stockholders’ equity 82,137 72,913
Noncontrolling interests in subsidiaries 670 704
Total liabilities and equity 137,806 122,070
Operating lease vehicles, net    
Current assets    
Operating lease vehicles, net 4,912 5,581
Energy generation and storage systems, net    
Current assets    
Energy generation and storage systems, net $ 4,604 $ 4,924