SolarEdge Technologies, Inc. (SEDG) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments698971316310240133
Cash and cash equivalents53082722419216374
Short-term investments168144921197759
Restricted cash and investments 328221
Receivables52727538220214388
Inventory, net of allowances, customer advances and progress billings3803321711428382
Inventory3803321711428382
Prepaid expense4329151153
Deposits current assets 6056  
Other undisclosed current assets635016633
Total current assets:1,7111,719933678477310
Noncurrent Assets
Operating lease, right-of-use asset474236
Property, plant and equipment4103031771195228
Long-term investments and receivables4821471197410352
Long-term investments4821471197410352
Intangible assets, net (including goodwill)18820820473 1
Goodwill13014013035  
Intangible assets, net (excluding goodwill)59687439 1
Deferred income tax assets281216
Other noncurrent assets255105  
Other undisclosed noncurrent assets   1597
Total noncurrent assets:1,18171856228616588
TOTAL ASSETS:2,8922,4371,495964641397
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities33523421315110764
Accounts payable2521621571076948
Accrued liabilities   15156
Employee-related liabilities746447292310
Taxes payable999   
Deferred revenue182571
Debt 171617  
Provision for loss on contracts442   
Deferred revenue and credits34
Other liabilities10910681   
Other undisclosed current liabilities595155582019
Total current liabilities:52543643722613087
Noncurrent Liabilities
Long-term debt and lease obligation701635304  
Long-term debt, excluding current maturities62257304  
Finance lease, liability4126 
Operating lease, liability393530
Liabilities, other than long-term debt35628121110411252
Deferred revenue and credits3115
Accounts payable and accrued liabilities194142107936437
Deferred revenue15211590
Deferred tax liabilities, net117 
Deferred income tax liabilities 9 
Other liabilities1114149  
Other undisclosed noncurrent liabilities  46122
Total noncurrent liabilities:1,05791524616811454
Total liabilities:1,5821,351683394244141
Stockholders' equity
Stockholders' equity attributable to parent1,3101,086812562397256
Common stock000000
Additional paid in capital687604476372332299
Accumulated other comprehensive income (loss)(27)4(2)(1)(1)0
Retained earnings (accumulated deficit)65047833819166(43)
Stockholders' equity attributable to noncontrolling interest   8  
Total stockholders' equity:1,3101,086812571397256
TOTAL LIABILITIES AND EQUITY:2,8922,4371,495964641397

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
6/30/2016
Revenues1,9641,4591,426937607490
Revenue, net607490
Cost of revenue(1,335)(998)(946)(618)(392)(338)
Gross profit:629461479319215152
Operating expenses(422)(319)(289)(180)(124)(80)
Operating income:2071431901399172
Nonoperating income (expense)(20)21(11)(2)90
Investment income, nonoperating  (5) (1)(0)
Foreign currency transaction gain (loss), before tax(31)6(1)0(0) 
Interest and debt expense(6)(5)(5)(3)  
Other undisclosed income from continuing operations before equity method investments, income taxes 553  
Income from continuing operations before equity method investments, income taxes:18116417913710072
Other undisclosed income from continuing operations before income taxes6     
Income from continuing operations before income taxes:18716417913710072
Income tax expense (benefit)(18)(23)(34)(9)(16)4
Net income:1691401451288477
Net income attributable to noncontrolling interest  21  
Net income available to common stockholders, diluted:1691401471298477

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
6/30/2016
Net income:1691401451288477
Other comprehensive loss(0)     
Other undisclosed comprehensive income (loss)(31)6(0)(0)  
Comprehensive income:1381461451288477
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
Comprehensive income, net of tax, attributable to parent:1381461441288477

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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