SolarEdge Technologies, Inc. (SEDG) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments971316310240133145
Cash and cash equivalents82722419216374145
Short-term investments144921197759 
Restricted cash and investments3282214
Receivables2753822021438860
Inventory, net of allowances, customer advances and progress billings332171142838274
Inventory332171142838274
Prepaid expense291511533
Derivative instruments and hedges, assets     1
Deposits current assets6056   
Other undisclosed current assets50166334
Total current assets:1,719933678477310290
Noncurrent Assets
Operating lease, right-of-use asset4236✕✕✕✕
Property, plant and equipment303177119522815
Long-term investments and receivables1471197410352 
Long-term investments1471197410352 
Intangible assets, net (including goodwill)20820473 1 
Goodwill14013035   
Intangible assets, net (excluding goodwill)687439 1 
Deferred income tax assets1216✕✕✕✕
Other noncurrent assets5105   
Other undisclosed noncurrent assets  15971
Total noncurrent assets:7185622861658815
TOTAL ASSETS:2,4371,495964641397306
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2342131511076493
Accounts payable162157107694881
Accrued liabilities  151565
Employee-related liabilities64472923107
Taxes payable99    
Deferred revenue2571✕✕✕✕
Debt171617   
Provision for loss on contracts42    
Deferred revenue and credits✕✕✕342
Other liabilities10681    
Other undisclosed current liabilities515558201911
Total current liabilities:43643722613087106
Noncurrent Liabilities
Long-term debt and lease obligation635304   
Long-term debt, excluding current maturities57304   
Finance lease, liability26 ✕✕✕✕
Operating lease, liability3530✕✕✕✕
Liabilities, other than long-term debt2812111041125233
Deferred revenue and credits✕✕✕311511
Accounts payable and accrued liabilities14210793643722
Deferred revenue11590✕✕✕✕
Deferred tax liabilities, net✕✕117  
Deferred income tax liabilities9 ✕✕✕✕
Other liabilities14149   
Other undisclosed noncurrent liabilities 461220
Total noncurrent liabilities:9152461681145433
Total liabilities:1,351683394244141139
Stockholders' equity
Stockholders' equity attributable to parent1,086812562397256167
Common stock000000
Additional paid in capital604476372332299287
Accumulated other comprehensive income (loss)4(2)(1)(1)0(0)
Retained earnings (accumulated deficit)47833819166(43)(120)
Stockholders' equity attributable to noncontrolling interest  8   
Total stockholders' equity:1,086812571397256167
TOTAL LIABILITIES AND EQUITY:2,4371,495964641397306

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
6/30/2016
6/30/2015
Revenues1,4591,426937607490325
Revenue, net✕✕✕607490325
Cost of revenue(998)(946)(618)(392)(338)(243)
Gross profit:46147931921515282
Operating expenses(319)(289)(180)(124)(80)(54)
Other operating expense, net
(Other Expenses)		     (0)
Other undisclosed operating income     0
Operating income:143190139917228
Nonoperating income (expense)21(11)(2)90(5)
Investment income, nonoperating (5) (1)(0)2
Foreign currency transaction gain (loss), before tax6(1)0(0)  
Interest and debt expense(5)(5)(3)  (1)
Other undisclosed income from continuing operations before equity method investments, income taxes553  1
Income from continuing operations before income taxes:1641791371007223
Income tax expense (benefit)(23)(34)(9)(16)4(2)
Net income:140145128847721
Net income attributable to noncontrolling interest 21   
Net income attributable to parent:140147129847721
Preferred stock dividends and other adjustments     (18)
Net income available to common stockholders, basic:14014712984774
Other undisclosed net income available to common stockholders, diluted     1
Net income available to common stockholders, diluted:14014712984774

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
6/30/2016
6/30/2015
Net income:140145128847721
Other undisclosed comprehensive income (loss)6(0)(0)   
Comprehensive income:146145128847721
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 1(0)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (2)0(0)0(0)
Comprehensive income, net of tax, attributable to parent:146144128847721

Statements sources

The financial statements are based on the company's filings with the 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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