2021 Q2 Form 10-Q Financial Statement

#000117891321002525 Filed on August 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $480.1M $331.9M
YoY Change 44.66% 2.1%
Cost Of Revenue $323.9M $228.9M
YoY Change 41.49% 6.79%
Gross Profit $156.2M $103.0M
YoY Change 51.7% -6.96%
Gross Profit Margin 32.54% 31.03%
Selling, General & Admin $48.83M $34.90M
YoY Change 39.91% -2.55%
% of Gross Profit 31.26% 33.9%
Research & Development $52.66M $38.10M
YoY Change 38.23% 29.12%
% of Gross Profit 33.72% 37.0%
Depreciation & Amortization $9.579M $7.900M
YoY Change 21.25% 11.27%
% of Gross Profit 6.13% 7.67%
Operating Expenses $100.6M $73.00M
YoY Change 37.86% 11.76%
Operating Profit $55.56M $29.97M
YoY Change 85.41% -33.93%
Interest Expense -$7.840M $11.60M
YoY Change -167.59% 1350.0%
% of Operating Profit -14.11% 38.71%
Other Income/Expense, Net -$1.743M $11.57M
YoY Change -115.07% 1396.12%
Pretax Income $53.82M $41.53M
YoY Change 29.58% -9.96%
Income Tax $8.724M $4.862M
% Of Pretax Income 16.21% 11.71%
Net Earnings $45.09M $36.67M
YoY Change 22.97% 10.69%
Net Earnings / Revenue 9.39% 11.05%
Basic Earnings Per Share $0.87 $0.74
Diluted Earnings Per Share $0.82 $0.70
COMMON SHARES
Basic Shares Outstanding 52.08M shares 49.79M shares
Diluted Shares Outstanding 55.93M shares 52.54M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $683.4M $544.8M
YoY Change 25.43% 86.51%
Cash & Equivalents $524.1M $428.4M
Short-Term Investments $145.7M $113.0M
Other Short-Term Assets $140.0M $82.00M
YoY Change 70.71% 58.61%
Inventory $321.9M $264.5M
Prepaid Expenses
Receivables $343.7M $181.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.489B $1.073B
YoY Change 38.76% 46.88%
LONG-TERM ASSETS
Property, Plant & Equipment $378.6M $263.4M
YoY Change 43.74% 87.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $457.4M $45.70M
YoY Change 900.79% -48.13%
Other Assets $41.60M $27.30M
YoY Change 52.36% 222.89%
Total Long-Term Assets $1.075B $532.8M
YoY Change 101.84% 8.48%
TOTAL ASSETS
Total Short-Term Assets $1.489B $1.073B
Total Long-Term Assets $1.075B $532.8M
Total Assets $2.564B $1.606B
YoY Change 59.69% 31.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $141.2M $158.3M
YoY Change -10.82% 35.54%
Accrued Expenses $177.3M $137.2M
YoY Change 29.21% 29.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $139.0K $15.30M
YoY Change -99.09% -7.27%
Total Short-Term Liabilities $399.6M $405.1M
YoY Change -1.36% 37.89%
LONG-TERM LIABILITIES
Long-Term Debt $645.6M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $341.3M $274.8M
YoY Change 24.21% 1421.43%
Total Long-Term Liabilities $986.9M $274.8M
YoY Change 259.15% 10.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $399.6M $405.1M
Total Long-Term Liabilities $986.9M $274.8M
Total Liabilities $1.387B $681.0M
YoY Change 103.6% 25.73%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.178B $924.8M
YoY Change
Total Liabilities & Shareholders Equity $2.564B $1.606B
YoY Change 59.69% 31.44%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $45.09M $36.67M
YoY Change 22.97% 10.69%
Depreciation, Depletion And Amortization $9.579M $7.900M
YoY Change 21.25% 11.27%
Cash From Operating Activities $38.67M $59.40M
YoY Change -34.9% 17.16%
INVESTING ACTIVITIES
Capital Expenditures -$40.77M -$26.60M
YoY Change 53.26% 129.31%
Acquisitions
YoY Change
Other Investing Activities -$141.7M $73.50M
YoY Change -292.83% -469.35%
Cash From Investing Activities -$182.4M $46.80M
YoY Change -489.74% -248.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.11M 5.700M
YoY Change -435.19% -108.8%
NET CHANGE
Cash From Operating Activities 38.67M 59.40M
Cash From Investing Activities -182.4M 46.80M
Cash From Financing Activities -19.11M 5.700M
Net Change In Cash -162.8M 111.9M
YoY Change -245.52% -345.39%
FREE CASH FLOW
Cash From Operating Activities $38.67M $59.40M
Capital Expenditures -$40.77M -$26.60M
Free Cash Flow $79.44M $86.00M
YoY Change -7.63% 38.04%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001419612
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Amendment Flag
AmendmentFlag
false
CY2021Q2 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
4568000 USD
CY2021Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
52263976 shares
us-gaap Gross Profit
GrossProfit
242971000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
74793000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
45189000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
30149000 USD
CY2020Q2 sedg Other Operating Incomes
OtherOperatingIncomes
USD
sedg Other Operating Incomes
OtherOperatingIncomes
-1350000 USD
sedg Other Operating Incomes
OtherOperatingIncomes
4900000 USD
us-gaap Operating Expenses
OperatingExpenses
145231000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
97740000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-5040000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13784000 USD
us-gaap Profit Loss
ProfitLoss
78916000 USD
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.87
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3225000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
48317000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
45092000 USD
CY2021Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-691000 USD
CY2020Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
1931000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-1876000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
766000 USD
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
1779000 USD
CY2020Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-1896000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
USD
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1698000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
92700000 USD
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.82
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52076208 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55930562 shares
CY2021Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
439000 USD
us-gaap Profit Loss
ProfitLoss
75168000 USD
us-gaap Profit Loss
ProfitLoss
78916000 USD
us-gaap Depreciation
Depreciation
14008000 USD
us-gaap Depreciation
Depreciation
10646000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4871000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4615000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1450000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
USD
sedg Marketable Securities Amortization
MarketableSecuritiesAmortization
3558000 USD
sedg Marketable Securities Amortization
MarketableSecuritiesAmortization
373000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
47205000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
26734000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3931000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6424000 USD
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-2051000 USD
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
USD
sedg Exchange Rate Fluctuations Net And Other Items
ExchangeRateFluctuationsNetAndOtherItems
12983000 USD
sedg Exchange Rate Fluctuations Net And Other Items
ExchangeRateFluctuationsNetAndOtherItems
-452000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-13229000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
94230000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
20356000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-37066000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
128564000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-116045000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-20120000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1823000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
9734000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
1457000 USD
sedg Increase Decrease In Product Warranty Accrual
IncreaseDecreaseInProductWarrantyAccrual
27298000 USD
sedg Increase Decrease In Product Warranty Accrual
IncreaseDecreaseInProductWarrantyAccrual
20198000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
4524000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-31834000 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
19660000 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
5768000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
62768000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
167055000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
422470000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
36815000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
103763000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
89739000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
65267000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
53706000 USD
sedg Withdrawal From Bank Deposits
WithdrawalFromBankDeposits
-46534000 USD
sedg Withdrawal From Bank Deposits
WithdrawalFromBankDeposits
-25634000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1442000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2024000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-335998000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
26876000 USD
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
16385000 USD
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
15119000 USD
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
USD
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
15113000 USD
sedg Proceeds From Exercise Of Stockbased Awards Net Of Tax Withholdings
ProceedsFromExerciseOfStockbasedAwardsNetOfTaxWithholdings
-4196000 USD
sedg Proceeds From Exercise Of Stockbased Awards Net Of Tax Withholdings
ProceedsFromExerciseOfStockbasedAwardsNetOfTaxWithholdings
9114000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-625000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-112000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-21206000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8996000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-294436000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
202927000 USD
CY2020Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
827146000 USD
CY2019Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
223901000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-8598000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1544000 USD
CY2021Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
524112000 USD
CY2020Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
428372000 USD
CY2021Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
136791000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
128363000 USD
CY2021Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
28733000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
25461000 USD
CY2021Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
156391000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
177872000 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
321915000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
331696000 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
145708000 USD
CY2021Q2 sedg Available For Sale Securities Debt Maturities Within One Year Gross Unrealized Gains
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearGrossUnrealizedGains
97000 USD
CY2021Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
167312000 USD
CY2021Q2 sedg Available For Sale Securities Debt Maturities Within One Year Gross Unrealized Losses
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearGrossUnrealizedLosses
-119000 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
145686000 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
459386000 USD
CY2021Q2 sedg Available For Sale Securities Debt Maturities After One Through Five Years Gross Unrealized Gains
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsGrossUnrealizedGains
86000 USD
CY2021Q2 sedg Available For Sale Securities Debt Maturities After One Through Five Years Gross Unrealized Losses
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsGrossUnrealizedLosses
-2110000 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
457362000 USD
CY2021Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
605094000 USD
CY2021Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
183000 USD
CY2021Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2229000 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
603048000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
143224000 USD
CY2020Q4 sedg Available For Sale Securities Debt Maturities Within One Year Gross Unrealized Gains
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearGrossUnrealizedGains
520000 USD
CY2020Q4 sedg Available For Sale Securities Debt Maturities Within One Year Gross Unrealized Losses
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearGrossUnrealizedLosses
-57000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
143687000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
147596000 USD
CY2020Q4 sedg Available For Sale Securities Debt Maturities After One Through Five Years Gross Unrealized Gains
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsGrossUnrealizedGains
65000 USD
CY2020Q4 sedg Available For Sale Securities Debt Maturities After One Through Five Years Gross Unrealized Losses
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsGrossUnrealizedLosses
-227000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
147434000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
290820000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
585000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
284000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
291121000 USD
CY2021Q2 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
2700000 USD
CY2020Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
3786000 USD
CY2021Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
523000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
5819000 USD
CY2021Q2 sedg Gain Loss Of Financial Expenses Net
GainLossOfFinancialExpensesNet
820000 USD
CY2020Q2 sedg Gain Loss Of Financial Expenses Net
GainLossOfFinancialExpensesNet
491000 USD
CY2021Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
841000 USD
CY2020Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
343000 USD
sedg Gain Loss Of Financial Expenses Net
GainLossOfFinancialExpensesNet
4355000 USD
sedg Gain Loss Of Financial Expenses Net
GainLossOfFinancialExpensesNet
491000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
713000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
881000 USD
CY2020Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
124010000 USD
CY2021Q2 us-gaap Contractual Obligation
ContractualObligation
874877000 USD
CY2021Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
726000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
1450000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
204994000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
172563000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
66314000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
47369000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
39141000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
27248000 USD
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
232167000 USD
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
192684000 USD
CY2021Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
64855000 USD
CY2020Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
68674000 USD
CY2021Q2 us-gaap Purchase Obligation
PurchaseObligation
80030000 USD
us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
1626000 USD
us-gaap Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
7818000 USD
CY2021Q2 sedg Accured Amount Of Legal Claims
AccuredAmountOfLegalClaims
9267000 USD
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
10000000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2216841 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
103.79
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
159637 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
275.66
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
502176 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
74.66
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
46761 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
114.53
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1827541 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
127.06
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24052000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13961000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
47205000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26734000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
229255000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
45092000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
36668000 USD
us-gaap Profit Loss
ProfitLoss
75168000 USD
us-gaap Profit Loss
ProfitLoss
78916000 USD
CY2021Q2 sedg Weighted Average Number Of Shares Outstanding Basic1
WeightedAverageNumberOfSharesOutstandingBasic1
52076208 shares
CY2020Q2 sedg Weighted Average Number Of Shares Outstanding Basic1
WeightedAverageNumberOfSharesOutstandingBasic1
49786586 shares
sedg Weighted Average Number Of Shares Outstanding Basic1
WeightedAverageNumberOfSharesOutstandingBasic1
51903123 shares
sedg Weighted Average Number Of Shares Outstanding Basic1
WeightedAverageNumberOfSharesOutstandingBasic1
49493173 shares
CY2021Q2 us-gaap Profit Loss
ProfitLoss
45092000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
36668000 USD
us-gaap Profit Loss
ProfitLoss
75168000 USD
us-gaap Profit Loss
ProfitLoss
78916000 USD
CY2021Q2 sedg Notes Due Interest
NotesDueInterest
536000 USD
CY2020Q2 sedg Notes Due Interest
NotesDueInterest
USD
sedg Notes Due Interest
NotesDueInterest
1071000 USD
sedg Notes Due Interest
NotesDueInterest
USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
45628000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
36668000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
76239000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
78916000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52076208 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49786586 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51903123 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49493173 shares
CY2021Q2 sedg Notes Due
NotesDue
2276818 shares
CY2020Q2 sedg Notes Due
NotesDue
shares
sedg Notes Due
NotesDue
2276818 shares
sedg Notes Due
NotesDue
shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1577536 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2749851 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1785428 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2864665 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55930562 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52536437 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55965369 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52357838 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
shares
CY2021Q2 sedg Settlement Of Preacquisition Legal Claim Against Kokam
SettlementOfPreacquisitionLegalClaimAgainstKokam
-859000 USD
CY2020Q2 sedg Settlement Of Preacquisition Legal Claim Against Kokam
SettlementOfPreacquisitionLegalClaimAgainstKokam
USD
sedg Settlement Of Preacquisition Legal Claim Against Kokam
SettlementOfPreacquisitionLegalClaimAgainstKokam
-859000 USD
sedg Settlement Of Preacquisition Legal Claim Against Kokam
SettlementOfPreacquisitionLegalClaimAgainstKokam
-4900000 USD
CY2021Q2 sedg Writeoff Of Property Plant And Equipment
WriteoffOfPropertyPlantAndEquipment
USD
CY2020Q2 sedg Writeoff Of Property Plant And Equipment
WriteoffOfPropertyPlantAndEquipment
USD
sedg Writeoff Of Property Plant And Equipment
WriteoffOfPropertyPlantAndEquipment
2209000 USD
sedg Writeoff Of Property Plant And Equipment
WriteoffOfPropertyPlantAndEquipment
USD
CY2021Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
859000 USD
CY2020Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-1350000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
4900000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.162 pure
CY2020Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.117 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.182 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.149 pure
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
10714000 USD
CY2021Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
177000 USD
CY2020Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
127000 USD
CY2021Q2 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
8937000 USD
us-gaap Revenues
Revenues
885546000 USD
us-gaap Revenues
Revenues
763069000 USD
sedg Solar Segment Profit
SolarSegmentProfit
142560000 USD
sedg All Other Segment Loss
AllOtherSegmentLoss
17230000 USD
sedg Segments Operating Profit
SegmentsOperatingProfit
125330000 USD
CY2021Q2 us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
24052000 USD
CY2020Q2 us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
13961000 USD
us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
47205000 USD
us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
26734000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
-5336000 USD
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
55559000 USD
us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
4900000 USD
CY2021Q2 sedg Other Unallocated Amounts
OtherUnallocatedAmounts
955000 USD
CY2020Q2 sedg Other Unallocated Amounts
OtherUnallocatedAmounts
USD
sedg Other Unallocated Amounts
OtherUnallocatedAmounts
USD
CY2021Q2 sedg Intersegment Profit
IntersegmentProfit
USD
sedg Intersegment Profit
IntersegmentProfit
-107000 USD
sedg Intersegment Profit
IntersegmentProfit
USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
29965000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
99687000 USD

Files In Submission

Name View Source Status
0001178913-21-002525-index-headers.html Edgar Link pending
0001178913-21-002525-index.html Edgar Link pending
0001178913-21-002525.txt Edgar Link pending
0001178913-21-002525-xbrl.zip Edgar Link pending
exhibit_31-1.htm Edgar Link pending
exhibit_31-2.htm Edgar Link pending
exhibit_32-1.htm Edgar Link pending
exhibit_32-2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
sedg-20210630.xsd Edgar Link pending
sedg-20210630_cal.xml Edgar Link unprocessable
sedg-20210630_def.xml Edgar Link unprocessable
sedg-20210630_lab.xml Edgar Link unprocessable
sedg-20210630_pre.xml Edgar Link unprocessable
sedg10-q0621.htm Edgar Link pending
sedg10-q0621_htm.xml Edgar Link completed
Show.js Edgar Link pending