$TSLAQ @montana_skeptic these are just two liability classifications: A/P & Accrued. Any notes, unique disclosures, or what I find interesting. Not surprisingly, it is damn long for just two classifications. All are from the 12/31/19 K. (1/16)
Accounts Payable: No itemization of the account within the K. It is noted outside of financials (B/S & Cashflow) five times. 1. FMV at acquisition p 90, 2. Non remeasured FMV p 93, 3. accrual prebilling transfers to A/P p 95, (continued) (2/16)
4. Discussions of cash flow statement p 57, 5. contractual obligations exclusions p 58. A/P is 1.2x inventory (A/P is not all inventory but this makes the point), days payable are 103 days (assuming 360-day convention), & 14% of liabilities/11% of footings (continued.) (3/16)
It would be reasonable to have some details of the vendor relationship/terms especially given the nature of its size & importance. Also, has anyone heard of a double equity holding company loan in community banking? This is the same for inventory & the ABL. (4/16)
Accrued Liabilities and Other: unlike accounting payables, Note 9 (p.95) is dedicated to it. Accrued purchases, payroll, taxes payable, accrued interest, financing obligations, accrued warranty (current), sales return (current), operating lease current, & other. (5/16)
Accrued purchases are “goods & services received but not yet invoiced.” I am not stating this is occurred, but it would be great account to “adjust” for quarters where COGS had significant improvements. (6/16)
Payroll & related costs are only listed twice. The itemization and as a component of the ESPP. (7/16)
Taxes are VAT, sales, property, use & income tax. Due to NOL’s, it doubtful those are for United States tax authorities. I have no knowledge of any tax code outside the US. My US knowledge base is primarily in pass through entities & trusts. (8/16)
Warranties. (@montana_skeptic) expected payments over the next 12 months are $344m vs the $250m incurred in total during 2019. Attached is an analysis of the account from the quarterly accrual rodeo. Look at the per unit accrual (continued). (9/16) 
Confirmation of @orthereaboot & @montana_skeptic analysis, the quarterly unit accrual drops ($277) & costs fall ($24) per unit. This includes the introduction of new models of the 3 & Y. But, look at the increased expense at 12/30/19 (audited financials.) (10/16)
This increased expense does not look significant until reading CAM notices from the K. Page 64. An increased expense ($16m) in that quarter & the increased expense ($6m additional) in Q1 2020 most likely means that PwC influenced it. (11/16)
Financing Obligations are the past through obligations for solar systems which appear to be to VIE’s. It is down from $50m to $37m. (12/16)
Sales return reserve. GAAP has consistently applied across industries the treatment for this account as a contra to accounts receivable. They classify it as a liability. $272m is current to be used towards accounts receivable or price guarantees. (13/16)
@Georgia_Orwell_ identified this oddity of classification & lack of comparability. I owe Georgia an apology for not verifying it within the financials (14/16)
Operating leases (paid in the next 12 months) are from a change of standard in 2019 for leasing. (15/16)
Other current liabilities term appears twice (2) in the entire K. $203m account and it appears in Note 9. No itemization. Same as Other Assets. Another mystery balance. (16/16)
