2016 Q2 Form 10-K Financial Statement
#000117891316006268 Filed on August 17, 2016
Income Statement
| Concept | 2016 Q2 | 2015 Q2 |
|---|---|---|
| Revenue | $124.8M | $98.40M |
| YoY Change | 26.83% | 120.63% |
| Cost Of Revenue | $85.60M | $70.10M |
| YoY Change | 22.11% | 95.81% |
| Gross Profit | $39.10M | $28.30M |
| YoY Change | 38.16% | 225.29% |
| Gross Profit Margin | 31.33% | 28.76% |
| Selling, General & Admin | $12.00M | $9.700M |
| YoY Change | 23.71% | 46.97% |
| % of Gross Profit | 30.69% | 34.28% |
| Research & Development | $9.200M | $6.700M |
| YoY Change | 37.31% | 45.65% |
| % of Gross Profit | 23.53% | 23.67% |
| Depreciation & Amortization | $1.200M | $700.0K |
| YoY Change | 71.43% | 40.0% |
| % of Gross Profit | 3.07% | 2.47% |
| Operating Expenses | $21.30M | $16.40M |
| YoY Change | 29.88% | 46.43% |
| Operating Profit | $17.80M | $11.90M |
| YoY Change | 49.58% | -576.0% |
| Interest Expense | -$500.0K | -$1.700M |
| YoY Change | -70.59% | 240.0% |
| % of Operating Profit | -2.81% | -14.29% |
| Other Income/Expense, Net | $0.00 | -$100.0K |
| YoY Change | -100.0% | |
| Pretax Income | $17.40M | $10.10M |
| YoY Change | 72.28% | -448.28% |
| Income Tax | $100.0K | $800.0K |
| % Of Pretax Income | 0.57% | 7.92% |
| Net Earnings | $17.30M | $9.300M |
| YoY Change | 86.02% | -410.0% |
| Net Earnings / Revenue | 13.86% | 9.45% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $388.8K | $244.1K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2016 Q2 | 2015 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $133.2M | $144.8M |
| YoY Change | -8.01% | 1377.55% |
| Cash & Equivalents | $74.00M | $144.8M |
| Short-Term Investments | $59.20M | |
| Other Short-Term Assets | $4.200M | $7.500M |
| YoY Change | -44.0% | 97.37% |
| Inventory | $81.60M | $73.95M |
| Prepaid Expenses | ||
| Receivables | $72.70M | $35.43M |
| Other Receivables | $18.10M | $28.80M |
| Total Short-Term Assets | $309.8M | $290.4M |
| YoY Change | 6.68% | 319.23% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $27.83M | $14.72M |
| YoY Change | 89.11% | 175.03% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | $0.00 | |
| YoY Change | ||
| Long-Term Investments | $52.80M | $500.0K |
| YoY Change | 10460.0% | 25.0% |
| Other Assets | $6.300M | $0.00 |
| YoY Change | ||
| Total Long-Term Assets | $87.60M | $529.0K |
| YoY Change | 16459.55% | -90.76% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $309.8M | $290.4M |
| Total Long-Term Assets | $87.60M | $529.0K |
| Total Assets | $397.4M | $305.7M |
| YoY Change | 30.01% | 307.55% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $48.50M | $80.68M |
| YoY Change | -39.89% | 104.58% |
| Accrued Expenses | $20.80M | $5.271M |
| YoY Change | 294.61% | 87.78% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $87.30M | $105.6M |
| YoY Change | -17.32% | 44.76% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.300M | |
| YoY Change | ||
| Other Long-Term Liabilities | $51.80M | $30.70M |
| YoY Change | 68.73% | 73.45% |
| Total Long-Term Liabilities | $54.10M | $33.12M |
| YoY Change | 63.34% | 56.63% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $87.30M | $105.6M |
| Total Long-Term Liabilities | $54.10M | $33.12M |
| Total Liabilities | $141.3M | $138.7M |
| YoY Change | 1.86% | 47.43% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$120.0M | |
| YoY Change | -14.97% | |
| Common Stock | $4.000K | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $256.1M | $166.9M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $397.4M | $305.7M |
| YoY Change | 30.01% | 307.55% |
Cashflow Statement
| Concept | 2016 Q2 | 2015 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $17.30M | $9.300M |
| YoY Change | 86.02% | -410.0% |
| Depreciation, Depletion And Amortization | $1.200M | $700.0K |
| YoY Change | 71.43% | 40.0% |
| Cash From Operating Activities | $18.00M | $15.70M |
| YoY Change | 14.65% | -420.41% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$4.200M | -$3.500M |
| YoY Change | 20.0% | 400.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$24.10M | -$200.0K |
| YoY Change | 11950.0% | 0.0% |
| Cash From Investing Activities | -$28.30M | -$3.600M |
| YoY Change | 686.11% | 350.0% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 200.0K | -2.500M |
| YoY Change | -108.0% | -160.98% |
| NET CHANGE | ||
| Cash From Operating Activities | 18.00M | 15.70M |
| Cash From Investing Activities | -28.30M | -3.600M |
| Cash From Financing Activities | 200.0K | -2.500M |
| Net Change In Cash | -10.10M | 9.600M |
| YoY Change | -205.21% | -700.0% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $18.00M | $15.70M |
| Capital Expenditures | -$4.200M | -$3.500M |
| Free Cash Flow | $22.20M | $19.20M |
| YoY Change | 15.63% | -557.14% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2016Q2 | us-gaap |
Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
|
15375000 | USD |
| CY2015Q2 | us-gaap |
Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
|
24814000 | USD |
| CY2016Q2 | sedg |
Provision For Contractual Inventory Purchase Obligations
ProvisionForContractualInventoryPurchaseObligations
|
2834000 | USD |
| CY2015Q2 | sedg |
Provision For Contractual Inventory Purchase Obligations
ProvisionForContractualInventoryPurchaseObligations
|
1304000 | USD |
| CY2016Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
27831000 | USD |
| CY2015Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
14717000 | USD |
| CY2016Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
USD | |
| CY2015Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
29552000 | USD |
| CY2015 | sedg |
Warrants And Rights Issuance Of Exercise Of Warrants To Purchase Preferred Stock
WarrantsAndRightsIssuanceOfExerciseOfWarrantsToPurchasePreferredStock
|
-6115000 | USD |
| CY2014 | sedg |
Warrants And Rights Issuance Of Exercise Of Warrants To Purchase Preferred Stock
WarrantsAndRightsIssuanceOfExerciseOfWarrantsToPurchasePreferredStock
|
USD |
