Solaredge technologies, inc. (SEDG)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Jun'14
ASSETS
CURRENT ASSETS:
Cash and cash equivalents

324,072

223,901

247,342

176,575

226,478

187,764

192,876

214,540

229,219

163,163

149,448

113,452

119,933

104,683

90,014

74,032

84,070

106,150

146,729

144,750

135,204

9,754

Short-term bank deposits

8,085

5,010

5,769

5,961

6,057

9,870

7,779

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted bank deposits

27,515

27,558

1,600

1,060

1,811

824

2,083

2,049

1,766

1,516

1,400

1,097

991

897

946

928

944

3,417

3,588

3,639

3,575

1,602

Marketable securities

95,143

91,845

85,343

109,610

107,064

118,680

148,252

134,821

81,229

77,264

81,488

80,225

81,800

74,465

61,786

59,163

44,059

27,137

-

0

-

-

Trade receivables, net of allowances of $4,509 and $2,473, respectively

235,673

298,383

292,232

237,804

187,496

173,579

151,088

118,103

127,479

109,528

91,694

79,851

79,268

71,041

84,898

72,737

56,145

46,685

47,366

35,428

45,093

19,267

Prepaid expenses and other current assets

66,874

115,268

68,234

50,642

37,828

45,073

46,396

44,520

33,156

42,223

38,201

34,109

26,561

21,347

17,276

21,340

18,613

24,233

20,733

32,645

25,312

13,151

Inventories, net

198,557

170,798

134,283

148,892

150,798

141,519

107,179

102,014

98,363

82,992

62,356

56,205

60,913

67,363

68,434

81,550

85,514

87,400

79,907

73,950

64,522

25,499

Total current assets

955,919

932,763

834,803

730,544

717,532

677,309

655,653

616,047

571,212

476,686

424,587

364,939

369,466

339,796

323,354

309,750

289,345

295,022

298,323

290,412

273,706

69,273

LONG-TERM ASSETS:
Marketable securities

103,863

119,176

92,871

79,616

57,252

74,256

102,240

86,144

88,554

103,120

72,351

79,954

44,893

44,262

53,955

52,446

-

-

-

0

-

-

Operating lease right-of-use assets, net

37,896

35,858

34,601

36,788

30,839

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property, plant and equipment, net

195,982

176,963

149,675

140,200

132,988

119,329

73,415

68,532

61,161

51,182

45,714

41,991

37,933

36,122

30,377

28,547

26,213

21,428

17,272

14,717

11,903

5,351

Long-term marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43,151

25,290

-

-

-

-

Prepaid expenses and lease deposits

-

-

-

-

-

-

-

956

787

-

732

640

594

-

437

399

440

510

601

529

380

367

Deferred tax assets, net

17,095

16,298

17,180

14,751

14,589

14,699

13,218

11,551

9,847

8,340

5,822

4,898

4,084

2,815

4,127

6,296

6,486

6,565

-

0

-

-

Intangible assets, net

69,111

74,008

200,795

211,340

211,420

38,504

3,762

-

-

1,115

-

-

-

1,259

695

-

737

758

779

-

-

-

Goodwill

125,520

129,654

-

-

-

34,874

2,782

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

8,454

9,904

7,667

8,455

12,303

5,501

1,108

-

-

862

-

-

-

489

-

-

-

-

-

-

-

-

Total long term assets

557,921

561,861

502,789

491,150

459,391

287,163

196,525

167,183

160,349

164,619

124,619

127,483

87,504

84,947

-

87,688

50,814

33,123

-

15,246

-

-

LONG-TERM DEFERRED CHARGES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

7

Total assets

1,513,840

1,494,624

1,337,592

1,221,694

1,176,923

964,472

852,178

783,230

731,561

641,305

549,206

492,422

456,970

424,743

412,945

397,438

366,372

349,573

316,975

305,658

285,989

74,998

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Short term bank loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

13,326

Current maturities of term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,474

Trade payables, net

139,138

157,148

132,230

116,795

90,190

107,079

83,459

81,610

83,091

69,488

42,700

36,029

43,740

34,001

40,282

48,481

45,138

61,977

67,180

80,684

36,233

39,438

Employees and payroll accruals

58,894

47,390

44,386

34,555

31,524

29,053

23,680

23,510

29,733

22,544

17,640

14,286

11,767

13,018

11,975

10,092

12,358

12,864

7,898

6,814

6,017

5,210

Current maturities of bank loans and accrued interest

15,048

15,673

16,912

16,454

17,233

16,639

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warranty obligations

70,158

65,112

45,887

38,819

35,229

28,868

21,660

18,964

16,605

14,785

12,942

12,501

12,895

13,616

15,103

14,114

13,510

11,862

10,587

9,431

7,661

5,496

Deferred revenues and customers advances

30,706

70,815

15,006

15,708

13,527

14,351

5,795

3,407

3,010

2,559

2,743

3,038

1,025

1,202

2,421

3,859

2,642

1,983

2,175

1,676

1,098

1,729

Accrued expenses and other current liabilities

75,737

80,576

80,986

71,447

60,369

29,728

31,556

26,480

26,170

20,378

16,407

12,842

9,189

8,648

8,719

10,725

7,797

7,169

8,459

6,987

52,428

4,270

Total current liabilities

389,681

436,714

335,407

293,778

248,072

225,718

166,150

153,971

158,609

129,754

92,432

78,696

78,616

70,485

78,500

87,271

81,445

95,855

96,299

105,592

103,437

72,943

LONG-TERM LIABILITIES:
Bank loans

-

173

4,055

5,519

7,029

3,510

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warranty obligations

116,099

107,451

125,467

111,819

101,517

92,958

86,059

78,327

71,590

64,026

58,625

52,839

48,230

44,759

41,305

37,078

33,149

29,032

25,317

22,448

20,238

12,685

Deferred revenues

98,134

89,982

81,934

73,796

66,037

60,670

53,663

47,595

41,866

31,453

26,858

23,771

20,902

18,660

16,059

14,684

13,266

11,427

9,760

8,289

6,995

4,252

Operating lease liabilities

30,336

30,213

29,117

30,009

24,790

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities, net

2,202

4,461

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrants to purchase convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,830

765

Term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,444

Lease incentive obligation

-

-

-

-

-

-

-

1,616

1,690

-

1,838

1,913

1,987

-

2,135

2,297

2,265

2,320

2,374

2,385

1,959

0

Deferred tax liabilities, net

-

-

7,762

8,663

8,544

1,499

-

16,830

17,595

-

-

-

-

-

-

0

-

-

-

-

-

-

Other long-term liabilities

10,970

13,960

16,662

18,062

23,417

9,391

7,343

-

-

18,605

-

-

-

2,061

-

-

-

-

-

-

-

-

Total long-term liabilities

257,741

246,240

264,997

247,868

231,334

168,028

147,065

144,368

132,741

114,084

87,321

78,523

71,119

65,480

59,499

54,059

48,680

42,779

37,451

33,122

32,022

21,146

COMMITMENTS AND CONTINGENT LIABILITIES

-

-

-

-

-

-

0

0

-

-

-

-

0

-

0

0

-

0

0

0

0

0

Convertible Preferred Series A, B, C, D, D-1, D-2, D-3 stock of $0.0001 par value - authorized: 95,000,000 and 80,772,775 shares as of June 30, 2015 and 2014, respectively; issued and outstanding: 0 and 75,422,773 shares as of June 30, 2015 and 2014, respectively. Aggregate liquidation preferences of $0 and $134,656 as of June 30, 2015 and 2014, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

116,203

STOCKHOLDERS' EQUITY:
Common stock of $0.0001 par value - Authorized: 125,000,000 shares as of March 31, 2020 and December 31, 2019; issued: 49,599,493 and 49,081,457 shares as of March 31, 2020 and December 31, 2019, respectively; outstanding: 49,599,493 and 48,898,062 shares as of March 31, 2020 and December 31, 2019, respectively.

5

5

5

5

5

5

5

5

4

4

4

4

4

4

4

4

4

4

4

4

4

0

Additional paid-in capital

491,873

475,792

450,459

431,684

417,385

371,794

361,744

353,470

343,356

331,902

323,076

316,867

311,081

307,098

302,587

299,214

296,480

292,681

289,004

287,152

280,040

5,878

Accumulated other comprehensive loss

-5,390

-1,809

-3,356

-895

-1,220

-524

-983

-1,138

-1,135

-611

-297

-367

-25

-324

120

271

417

-293

-225

-222

-263

-61

Retained earnings

379,930

337,682

284,904

243,277

210,149

191,133

178,197

132,554

97,986

66,172

46,670

18,699

-3,825

-18,000

-27,765

-43,381

-60,654

-81,453

-105,558

-119,990

-129,251

-141,111

Total stockholders' equity

866,418

811,670

732,012

674,071

626,319

562,408

538,963

484,891

440,211

397,467

369,453

335,203

307,235

288,778

274,946

256,108

236,247

210,939

183,225

166,944

150,530

-135,294

Non-controlling interests

-

-

5,176

5,977

71,198

8,318

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders' equity

-

-

737,188

680,048

697,517

570,726

-

-

-

397,467

-

-

-

288,778

-

-

-

-

-

-

-

-

Total liabilities and stockholders' equity

1,513,840

1,494,624

1,337,592

1,221,694

1,176,923

964,472

852,178

783,230

731,561

641,305

549,206

492,422

456,970

424,743

412,945

397,438

366,372

349,573

316,975

305,658

285,989

74,998