This income statement shows the company's revenues and costs from 2014 to the third quarter of 2017. Total revenues grew from $31.98 billion in 2014 to $84.70 billion in the third quarter of 2017, mainly driven by increased automotive revenues. While gross profits increased over this period, operating expenses like research/development and selling/general/administrative costs also rose significantly. As a result, the company reported net losses every year, with the loss reaching $12.86 billion in the third quarter of 2017.

1. Income Statement
(in thousands)
2014
Act
2015
Act
2016
Act
2017Q3
Act
Automotive revenues 30,07,012 37,40,973 63,50,766 69,39,105
Energy generation and storage 4,208 14,477 1,81,394 8,18,229
Services and other 1,87,136 2,90,575 4,67,972 7,13,168
Total revenues 31,98,356 40,46,025 70,00,132 84,70,502
Automotive cost of revenues -21,45,749 -28,23,302 -47,50,081 -52,41,532
Energy generation and storage cost of revenues -4,005 -12,287 -1,78,332 -5,92,823
Services and other cost of revenues -1,66,931 -2,86,933 -4,72,462 -8,52,446
Gross profit 8,81,671 9,23,503 15,99,257 17,83,701
Research and development -4,64,700 -7,17,900 -8,34,408 -10,23,436
Selling, general and administrative -6,03,660 -9,22,232 -14,32,189 -17,94,210
EBIT -1,86,689 -7,16,629 -6,67,340 -10,33,945
Interest income 1,126 1,508 8,530 13,406
Interest expense -1,00,886 -1,18,851 -1,98,810 -3,24,896 -99,760
Other income (expense), net 1,813 -41,652 1,11,272 -83,696
EBT -2,84,636 -8,75,624 -7,46,348 -14,29,131
Provision for income taxes -9,404 -13,039 -26,698 -40,640
Net loss incl. minority interests -2,94,040 -8,88,663 -7,73,046 -14,69,771
Minority interests - - 98,132 1,83,721
Net loss (2,94,040)$ (8,88,663)$ (6,74,914)$ (12,86,050)$
Revenue % automotive 24.4% 69.8% 9.3%
GP% automotive 28.6% 24.5% 25.2% 24.5%
GP% energy generation and automotive 4.8% 15.1% 1.7% 27.5%
GP% services and other 10.8% 1.3% -1.0% -19.5%
Overall GP% 27.6% 22.8% 22.8% 21.1%
EBIT % -6.2% -19.2% -10.5% -14.9%
Net loss % -9.8% -23.8% -10.6% -18.5%
Interest Coverage n.a. n.a. n.a. n.a.
ROA -5.0% -11.0% -3.0% -4.6%
ROE -32.3% -82.0% -14.2% -25.1%