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)
12/31/2019 | 12/31/2018 | 12/31/2017 | 6/30/2016 | 6/30/2015 | |||
---|---|---|---|---|---|---|---|
ASSETS | |||||||
Current Assets | |||||||
Cash, cash equivalents, and short-term investments | 316 | 310 | 240 | 133 | 145 | ||
Cash and cash equivalents | 224 | 192 | 163 | 74 | 145 | ||
Short-term investments | 92 | 119 | 77 | 59 | |||
Restricted cash and investments | 28 | 2 | 2 | 1 | 4 | ||
Receivables | 382 | 202 | 143 | 88 | 60 | ||
Inventory, net of allowances, customer advances and progress billings | 171 | 142 | 83 | 82 | 74 | ||
Inventory | 171 | 142 | 83 | 82 | 74 | ||
Prepaid expense | 15 | 11 | 5 | 3 | 3 | ||
Derivative instruments and hedges, assets | 1 | ||||||
Deposits current assets | 5 | 6 | |||||
Other undisclosed current assets | 16 | 6 | 3 | 3 | 4 | ||
Total current assets: | 933 | 678 | 477 | 310 | 290 | ||
Noncurrent Assets | |||||||
Operating lease, right-of-use asset | 36 | ✕ | ✕ | ✕ | ✕ | ||
Property, plant and equipment | 177 | 119 | 52 | 28 | 15 | ||
Long-term investments and receivables | 119 | 74 | 103 | 52 | |||
Long-term investments | 119 | 74 | 103 | 52 | |||
Intangible assets, net (including goodwill) | 204 | 73 | 1 | ||||
Goodwill | 130 | 35 | |||||
Intangible assets, net (excluding goodwill) | 74 | 39 | 1 | ||||
Deferred income tax assets | 16 | ✕ | ✕ | ✕ | ✕ | ||
Other noncurrent assets | 10 | 5 | |||||
Other undisclosed noncurrent assets | 15 | 9 | 7 | 1 | |||
Total noncurrent assets: | 562 | 286 | 165 | 88 | 15 | ||
TOTAL ASSETS: | 1,495 | 964 | 641 | 397 | 306 | ||
LIABILITIES AND EQUITY | |||||||
Liabilities | |||||||
Current Liabilities | |||||||
Accounts payable and accrued liabilities | 213 | 151 | 107 | 64 | 93 | ||
Accounts payable | 157 | 107 | 69 | 48 | 81 | ||
Accrued liabilities | 15 | 15 | 6 | 5 | |||
Employee-related liabilities | 47 | 29 | 23 | 10 | 7 | ||
Taxes payable | 9 | ||||||
Deferred revenue | 71 | ✕ | ✕ | ✕ | ✕ | ||
Debt | 16 | 17 | |||||
Provision for loss on contracts | 2 | ||||||
Deferred revenue and credits | ✕ | ✕ | 3 | 4 | 2 | ||
Other liabilities | 81 | ||||||
Other undisclosed current liabilities | 55 | 58 | 20 | 19 | 11 | ||
Total current liabilities: | 437 | 226 | 130 | 87 | 106 | ||
Noncurrent Liabilities | |||||||
Long-term debt and lease obligation | 30 | 4 | |||||
Long-term debt, excluding current maturities | 0 | 4 | |||||
Operating lease, liability | 30 | ✕ | ✕ | ✕ | ✕ | ||
Liabilities, other than long-term debt | 211 | 104 | 112 | 52 | 33 | ||
Deferred revenue and credits | ✕ | ✕ | 31 | 15 | 11 | ||
Accounts payable and accrued liabilities | 107 | 93 | 64 | 37 | 22 | ||
Deferred revenue | 90 | ✕ | ✕ | ✕ | ✕ | ||
Deferred tax liabilities, net | ✕ | 1 | 17 | ||||
Other liabilities | 14 | 9 | |||||
Other undisclosed noncurrent liabilities | 4 | 61 | 2 | 2 | 0 | ||
Total noncurrent liabilities: | 246 | 168 | 114 | 54 | 33 | ||
Total liabilities: | 683 | 394 | 244 | 141 | 139 | ||
Stockholders' equity | |||||||
Stockholders' equity attributable to parent | 812 | 562 | 397 | 256 | 167 | ||
Common stock | 0 | 0 | 0 | 0 | 0 | ||
Additional paid in capital | 476 | 372 | 332 | 299 | 287 | ||
Accumulated other comprehensive income (loss) | (2) | (1) | (1) | 0 | (0) | ||
Retained earnings (accumulated deficit) | 338 | 191 | 66 | (43) | (120) | ||
Stockholders' equity attributable to noncontrolling interest | 8 | ||||||
Total stockholders' equity: | 812 | 571 | 397 | 256 | 167 | ||
TOTAL LIABILITIES AND EQUITY: | 1,495 | 964 | 641 | 397 | 306 |
Income statement (P&L) ($ in millions)
12/31/2019 | 12/31/2018 | 12/31/2017 | 6/30/2016 | 6/30/2015 | ||
---|---|---|---|---|---|---|
Revenues | 1,426 | 937 | 607 | 490 | 325 | |
Revenue, net | ✕ | ✕ | 607 | 490 | 325 | |
Cost of revenue | (946) | (618) | (392) | (338) | (243) | |
Gross profit: | 479 | 319 | 215 | 152 | 82 | |
Operating expenses | (289) | (180) | (124) | (80) | (54) | |
Other operating expense, net (Other Expenses) | (0) | |||||
Other undisclosed operating income | 0 | |||||
Operating income: | 190 | 139 | 91 | 72 | 28 | |
Nonoperating income (expense) | (11) | (2) | 9 | 0 | (5) | |
Investment income, nonoperating | (5) | (1) | (0) | 2 | ||
Interest and debt expense | (5) | (3) | (1) | |||
Other undisclosed income from continuing operations before equity method investments, income taxes | 5 | 3 | 1 | |||
Income from continuing operations before income taxes: | 179 | 137 | 100 | 72 | 23 | |
Income tax expense (benefit) | (34) | (9) | (16) | 4 | (2) | |
Net income: | 145 | 128 | 84 | 77 | 21 | |
Net income attributable to noncontrolling interest | 2 | 1 | ||||
Net income attributable to parent: | 147 | 129 | 84 | 77 | 21 | |
Preferred stock dividends and other adjustments | (18) | |||||
Net income available to common stockholders, basic: | 147 | 129 | 84 | 77 | 4 | |
Other undisclosed net income available to common stockholders, diluted | 1 | |||||
Net income available to common stockholders, diluted: | 147 | 129 | 84 | 77 | 4 |
Comprehensive Income ($ in millions)
12/31/2019 | 12/31/2018 | 12/31/2017 | 6/30/2016 | 6/30/2015 | ||
---|---|---|---|---|---|---|
Net income: | 145 | 128 | 84 | 77 | 21 | |
Other undisclosed comprehensive loss | (0) | (0) | ||||
Comprehensive income: | 145 | 128 | 84 | 77 | 21 | |
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: | 144 | 128 | 84 | 77 | 21 |
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.