SolarEdge Technologies, Inc. (SEDG) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 HAMADA STREET
HERZILIYA PITUACH, 4673335
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,050,9201,138,6691,024,229880,927895,7931,161,329
Cash and cash equivalents557,744727,849783,112678,329745,5341,002,772
Short-term investments493,176410,820241,117202,598150,259158,557
Receivables1,291,6301,116,7811,052,743785,325669,100676,820
Inventory, net of allowances, customer advances and progress billings984,194874,212729,201561,352470,272432,504
Inventory984,194874,212729,201561,352470,272432,504
Prepaid expense43,41555,1299,233   
Other undisclosed current assets78,96357,27584,252224,169248,643191,664
Total current assets:3,449,1223,242,0662,899,6582,451,7732,283,8082,462,317
Noncurrent Assets
Operating lease, right-of-use asset66,38769,71062,75462,53558,37559,783
Property, plant and equipment580,503556,138543,969491,433489,109473,511
Long-term investments and receivables435,800509,127645,491688,753709,571449,673
Long-term investments435,800509,127645,491688,753709,571449,673
Intangible assets, net (including goodwill)85,98847,86751,118155,146166,545182,843
Goodwill42,33229,93431,189108,860116,173127,109
Intangible assets, net (excluding goodwill)43,65617,93319,92946,28650,37255,734
Deferred income tax assets49,99346,61244,15338,26833,40031,205
Other noncurrent assets28,77224,90618,80615,63831,97023,583
Total noncurrent assets:1,247,4431,254,3601,366,2911,451,7731,488,9701,220,598
TOTAL ASSETS:4,696,5654,496,4264,265,9493,903,5463,772,7783,682,915
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities542,504535,541459,831495,858421,978325,939
Employee-related liabilities71,90568,15484,309
Accounts payable434,602408,523459,831311,565253,399241,630
Accrued liabilities107,902127,018 112,388100,425 
Deferred revenue28,13527,50726,64131,89630,46025,511
Provision for loss on contracts8,8188,0527,0025,8745,4084,745
Other liabilities3,9366,743214,1128,4118,196134,951
Other undisclosed current liabilities314,336322,199182,131152,441146,13277,595
Total current liabilities:897,729900,042889,717694,480612,174568,741
Noncurrent Liabilities
Long-term debt and lease obligation668,122668,893669,836715,628712,520724,148
Long-term debt, excluding current maturities625,914625,182624,451623,721622,991622,263
Finance lease, liability42,20843,71145,38545,50946,68053,405
Liabilities, other than long-term debt610,525576,697530,030441,311420,552379,501
Accounts payable and accrued liabilities342,437313,693281,082248,917232,415210,326
Deferred revenue204,693196,917186,936176,824170,235158,734
Other liabilities16,34915,23215,75615,57017,90210,441
Operating lease, liability47,04650,85546,25646,39842,84948,480
Total noncurrent liabilities:1,278,6471,245,5901,199,8661,156,9391,133,0721,103,649
Total liabilities:2,176,3762,145,6322,089,5831,851,4191,745,2461,672,390
Equity
Equity, attributable to parent2,520,1892,350,7942,176,3662,052,1272,027,5322,010,525
Common stock666666
Additional paid in capital1,595,8901,545,7771,505,6321,457,3791,418,8811,373,405
Accumulated other comprehensive loss(77,432)(77,204)(73,109)(128,266)(89,620)(46,067)
Retained earnings1,001,725882,215743,837723,008698,265683,181
Total equity:2,520,1892,350,7942,176,3662,052,1272,027,5322,010,525
TOTAL LIABILITIES AND EQUITY:4,696,5654,496,4264,265,9493,903,5463,772,7783,682,915

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues991,290943,889890,702836,723727,774655,080
Cost of revenue(673,985)(643,763)(629,655)(614,722)(545,132)(476,122)
Gross profit:317,305300,126261,047222,001182,642178,958
Operating expenses(166,947)(155,972)(266,210)(137,594)(146,630)(128,094)
Operating income (loss):150,358144,154(5,163)84,40736,01250,864
Nonoperating income (expense)  39,616(25,492)(14,311)(5,449)
Other nonoperating expense   (25,492)  
Income (loss) from continuing operations before equity method investments, income taxes:150,358144,15434,45358,91521,70145,415
Other undisclosed income (loss) from continuing operations before income taxes3,38423,54916,671   
Income (loss) from continuing operations before income taxes:153,742167,70351,12458,91521,70145,415
Income tax expense(34,232)(29,325)(30,295)(34,172)(6,617)(12,292)
Income (loss) from continuing operations:119,510138,37820,82924,74315,08433,123
Income before gain (loss) on sale of properties:24,74315,08433,123
Net income (loss) available to common stockholders, basic:119,510138,37820,82924,74315,08433,123
Other undisclosed net income (loss) available to common stockholders, diluted 536552(1,651)551551553
Net income (loss) available to common stockholders, diluted:120,046138,93019,17825,29415,63533,676

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):119,510138,37820,82924,74315,08433,123
Other undisclosed comprehensive income   809   
Comprehensive income (loss):119,510138,37821,63824,74315,08433,123
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(228)(4,095)54,348(38,646)(43,553)(18,748)
Comprehensive income (loss), net of tax, attributable to parent:119,282134,28375,986(13,903)(28,469)14,375

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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