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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 18,289 $ 16,139
Short-term investments 23,358 20,424
Accounts receivable, net 4,703 4,418
Inventory 12,276 12,017
Prepaid expenses and other current assets 6,027 5,362
Total current assets 64,653 58,360
Property, plant and equipment, net 39,407 35,836
Operating lease right-of-use assets 5,783 5,160
Digital assets 1,315 1,076
Intangible assets, net 131 150
Goodwill 257 244
Deferred tax assets 6,637 6,524
Other non-current assets 5,860 4,215
Total assets 133,735 122,070
Current liabilities    
Accounts payable 12,819 12,474
Accrued liabilities and other 12,791 10,723
Deferred revenue 3,756 3,168
Current portion of debt and finance leases 1,924 2,456
Total current liabilities 31,290 28,821
Debt and finance leases, net of current portion 5,778 5,757
Deferred revenue, net of current portion 3,746 3,317
Other long-term liabilities 12,205 10,495
Total liabilities 53,019 48,390
Commitments and contingencies (Note 10)
Redeemable noncontrolling interests in subsidiaries 59 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; 3,324 and 3,216 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 3 3
Additional paid-in capital 41,597 38,371
Accumulated other comprehensive income (loss) 207 (670)
Retained earnings 38,163 35,209
Total stockholders’ equity 79,970 72,913
Noncontrolling interests in subsidiaries 687 704
Total liabilities and equity 133,735 122,070
Operating lease vehicles, net    
Current assets    
Operating lease vehicles, net 5,019 5,581
Solar energy systems, net    
Current assets    
Solar energy systems, net $ 4,673 $ 4,924