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 investments316310240133145
Cash and cash equivalents22419216374145
Short-term investments921197759 
Restricted cash and investments282214
Receivables3822021438860
Inventory, net of allowances, customer advances and progress billings171142838274
Inventory171142838274
Prepaid expense1511533
Derivative instruments and hedges, assets    1
Deposits current assets56   
Other undisclosed current assets166334
Total current assets:933678477310290
Noncurrent Assets
Operating lease, right-of-use asset36
Property, plant and equipment177119522815
Long-term investments and receivables1197410352 
Long-term investments1197410352 
Intangible assets, net (including goodwill)20473 1 
Goodwill13035   
Intangible assets, net (excluding goodwill)7439 1 
Deferred income tax assets16
Other noncurrent assets105   
Other undisclosed noncurrent assets 15971
Total noncurrent assets:5622861658815
TOTAL ASSETS:1,495964641397306
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2131511076493
Accounts payable157107694881
Accrued liabilities 151565
Employee-related liabilities472923107
Taxes payable9    
Deferred revenue71
Debt1617   
Provision for loss on contracts2    
Deferred revenue and credits342
Other liabilities81    
Other undisclosed current liabilities5558201911
Total current liabilities:43722613087106
Noncurrent Liabilities
Long-term debt and lease obligation304   
Long-term debt, excluding current maturities04   
Operating lease, liability30
Liabilities, other than long-term debt2111041125233
Deferred revenue and credits311511
Accounts payable and accrued liabilities10793643722
Deferred revenue90
Deferred tax liabilities, net117  
Other liabilities149   
Other undisclosed noncurrent liabilities461220
Total noncurrent liabilities:2461681145433
Total liabilities:683394244141139
Stockholders' equity
Stockholders' equity attributable to parent812562397256167
Common stock00000
Additional paid in capital476372332299287
Accumulated other comprehensive income (loss)(2)(1)(1)0(0)
Retained earnings (accumulated deficit)33819166(43)(120)
Stockholders' equity attributable to noncontrolling interest 8   
Total stockholders' equity:812571397256167
TOTAL LIABILITIES AND EQUITY:1,495964641397306

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

12/31/2019
12/31/2018
12/31/2017
6/30/2016
6/30/2015
Revenues1,426937607490325
Revenue, net607490325
Cost of revenue(946)(618)(392)(338)(243)
Gross profit:47931921515282
Operating expenses(289)(180)(124)(80)(54)
Other operating expense, net
(Other Expenses)
    (0)
Other undisclosed operating income    0
Operating income:190139917228
Nonoperating income (expense)(11)(2)90(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 taxes53  1
Income from continuing operations before income taxes:1791371007223
Income tax expense (benefit)(34)(9)(16)4(2)
Net income:145128847721
Net income attributable to noncontrolling interest21   
Net income attributable to parent:147129847721
Preferred stock dividends and other adjustments    (18)
Net income available to common stockholders, basic:14712984774
Other undisclosed net income available to common stockholders, diluted    1
Net income available to common stockholders, diluted:14712984774

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
6/30/2016
6/30/2015
Net income:145128847721
Other undisclosed comprehensive loss(0)(0)   
Comprehensive income:145128847721
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1(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:144128847721

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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