$SEDG
Solaredge Technologies Inc Stock $sedg

$sedg Overview Financials Valuation SEC Filings Company Website

2021 Q3 Form 10-Q Financial Statement

#000117891321003364 Filed on November 03, 2021

Income Statement

Concept	2021 Q3	2020 Q3
Revenue	$526.4M	$338.1M
YoY Change	55.7%	-17.65%
Cost Of Revenue	$353.8M	$230.0M
YoY Change	53.84%	-15.21%
Gross Profit	$172.6M	$108.1M
YoY Change	59.63%	-22.4%
Gross Profit Margin	32.78%	31.97%
Selling, General & Admin	$50.48M	$36.85M
YoY Change	36.98%	7.75%
% of Gross Profit	29.25%	34.09%
Research & Development	$55.67M	$40.82M
YoY Change	36.38%	32.75%
% of Gross Profit	32.26%	37.76%
Depreciation & Amortization	$10.10M	$8.300M
YoY Change	21.69%	18.57%
% of Gross Profit	5.85%	7.68%
Operating Expenses	$106.1M	$77.67M
YoY Change	36.67%	152.61%
Operating Profit	$66.41M	$30.39M
YoY Change	118.51%	-53.96%
Interest Expense	-$5.751M	$15.80M
YoY Change	-136.4%	-192.94%
% of Operating Profit	-8.66%	51.98%
Other Income/Expense, Net
YoY Change
Pretax Income	$60.66M	$46.16M
YoY Change	31.42%	-5.8%
Income Tax	$7.615M	$2.408M
% Of Pretax Income	12.55%	5.22%
Net Earnings	$53.05M	$43.75M
YoY Change	21.25%	5.1%
Net Earnings / Revenue	10.08%	12.94%
Basic Earnings Per Share	$1.01
Diluted Earnings Per Share	$948.5K	$824.9K
COMMON SHARES
Basic Shares Outstanding	52.36M shares	50.53M shares
Diluted Shares Outstanding	55.93M shares	53.14M shares

Balance Sheet

Concept	2021 Q3	2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$682.2M	$1.179B
YoY Change	-42.13%	248.21%
Cash & Equivalents	$526.6M	$1.048B
Short-Term Investments	$145.5M	$110.6M
Other Short-Term Assets	$149.4M	$86.10M
YoY Change	73.55%	23.35%
Inventory	$304.7M	$297.0M
Prepaid Expenses
Receivables	$416.2M	$183.1M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.553B	$1.745B
YoY Change	-11.03%	109.03%
LONG-TERM ASSETS
Property, Plant & Equipment	$392.7M	$294.7M
YoY Change	33.24%	96.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$473.3M	$21.00M
YoY Change	2153.88%	-79.1%
Other Assets	$44.91M	$5.609M
YoY Change	700.68%	-26.84%
Total Long-Term Assets	$1.104B	$533.3M
YoY Change	107.06%	6.07%
TOTAL ASSETS
Total Short-Term Assets	$1.553B	$1.745B
Total Long-Term Assets	$1.104B	$533.3M
Total Assets	$2.657B	$2.278B
YoY Change	16.61%	70.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$137.6M	$122.1M
YoY Change	12.71%	-7.66%
Accrued Expenses	$183.7M	$152.4M
YoY Change	20.54%	21.53%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$141.0K	$15.60M
YoY Change	-99.1%	-7.69%
Total Short-Term Liabilities	$405.5M	$382.5M
YoY Change	6.0%	14.05%
LONG-TERM LIABILITIES
Long-Term Debt	$646.2M	$570.3M
YoY Change	13.31%	11538.78%
Other Long-Term Liabilities	$362.7M	$18.70M
YoY Change	1839.33%	12.23%
Total Long-Term Liabilities	$1.009B	$863.7M
YoY Change	16.8%	225.94%
TOTAL LIABILITIES
Total Short-Term Liabilities	$405.5M	$382.5M
Total Long-Term Liabilities	$1.009B	$863.7M
Total Liabilities	$1.415B	$1.246B
YoY Change	13.52%	107.57%
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	$1.242B	$1.032B
YoY Change
Total Liabilities & Shareholders Equity	$2.657B	$2.278B
YoY Change	16.61%	70.33%

Cashflow Statement

Concept	2021 Q3	2020 Q3
OPERATING ACTIVITIES
Net Income	$53.05M	$43.75M
YoY Change	21.25%	5.1%
Depreciation, Depletion And Amortization	$10.10M	$8.300M
YoY Change	21.69%	18.57%
Cash From Operating Activities	$61.78M	$28.30M
YoY Change	118.32%	-58.81%
INVESTING ACTIVITIES
Capital Expenditures	-$31.86M	-$36.90M
YoY Change	-13.65%	110.86%
Acquisitions
YoY Change
Other Investing Activities	-$30.10M	$10.70M
YoY Change	-381.28%	-5.31%
Cash From Investing Activities	-$61.96M	-$26.20M
YoY Change	136.49%	322.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	1.774M	628.3M
YoY Change	-99.72%	-69911.11%
NET CHANGE
Cash From Operating Activities	61.78M	28.30M
Cash From Investing Activities	-61.96M	-26.20M
Cash From Financing Activities	1.774M	628.3M
Net Change In Cash	1.597M	630.4M
YoY Change	-99.75%	923.38%
FREE CASH FLOW
Cash From Operating Activities	$61.78M	$28.30M
Capital Expenditures	-$31.86M	-$36.90M
Free Cash Flow	$93.65M	$65.20M
YoY Change	43.63%	-24.36%

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	Q3
	dei	Amendment Flag AmendmentFlag	false
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	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	152510000	USD
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	sedg	Marketable Securities Amortization MarketableSecuritiesAmortization	6301000	USD
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	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	322909	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	283.61
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	732555	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	78.61
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	92198	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	121.09
CY2021Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	1714997	shares
CY2021Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	146.53
CY2021Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	26185000	USD
CY2020Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	16259000	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	73390000	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	42993000	USD
CY2021Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	257967000	USD
CY2021Q3	us-gaap	Profit Loss ProfitLoss	53048000	USD
CY2021Q3	sedg	Weighted Average Number Of Shares Outstanding Basic1 WeightedAverageNumberOfSharesOutstandingBasic1	52355867	shares
CY2020Q3	sedg	Weighted Average Number Of Shares Outstanding Basic1 WeightedAverageNumberOfSharesOutstandingBasic1	50529691	shares
	sedg	Weighted Average Number Of Shares Outstanding Basic1 WeightedAverageNumberOfSharesOutstandingBasic1	52056233	shares
	sedg	Weighted Average Number Of Shares Outstanding Basic1 WeightedAverageNumberOfSharesOutstandingBasic1	49842399	shares
CY2021Q3	us-gaap	Profit Loss ProfitLoss	53048000	USD
CY2020Q3	us-gaap	Profit Loss ProfitLoss	43751000	USD
	us-gaap	Profit Loss ProfitLoss	128216000	USD
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	52056233	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49842399	shares
CY2020Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	50529691	shares
CY2021Q3	sedg	Notes Due Interest NotesDueInterest	525000	USD
CY2020Q3	sedg	Notes Due Interest NotesDueInterest	137000	USD
	sedg	Notes Due Interest NotesDueInterest	1575000	USD
	sedg	Notes Due Interest NotesDueInterest	137000	USD
CY2021Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	53573000	USD
CY2020Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	43888000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	129791000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	122804000	USD
CY2021Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	52355867	shares
CY2021Q3	sedg	Notes Due NotesDue	2276818	shares
CY2020Q3	sedg	Notes Due NotesDue	197984	shares
	sedg	Notes Due NotesDue	2276818	shares
	sedg	Notes Due NotesDue	65995	shares
CY2021Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1296315	shares
CY2020Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2416513	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1622390	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2715281	shares
CY2021Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	55929000	shares
CY2020Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	53144188	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	55955441	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	52623675	shares
CY2021Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount		shares
CY2020Q3	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
CY2021Q3	sedg	Potentially Dilutive Effect Of Prsu PotentiallyDilutiveEffectOfPrsu	14773	shares
	sedg	Potentially Dilutive Effect Of Prsu PotentiallyDilutiveEffectOfPrsu	14773	shares
CY2021Q3	sedg	Settlement Of Preacquisition Legal Claim Against Kokam SettlementOfPreacquisitionLegalClaimAgainstKokam		USD
CY2020Q3	sedg	Settlement Of Preacquisition Legal Claim Against Kokam SettlementOfPreacquisitionLegalClaimAgainstKokam		USD
	sedg	Settlement Of Preacquisition Legal Claim Against Kokam SettlementOfPreacquisitionLegalClaimAgainstKokam	-859000	USD
CY2021Q3	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement		USD
	sedg	Settlement Of Preacquisition Legal Claim Against Kokam SettlementOfPreacquisitionLegalClaimAgainstKokam	-4900000	USD
CY2021Q3	sedg	Writeoff Of Property Plant And Equipment WriteoffOfPropertyPlantAndEquipment		USD
CY2020Q3	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
CY2021Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet		USD
CY2020Q3	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
CY2021Q3	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.126	pure
CY2020Q3	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.052	pure
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.159	pure
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.117	pure
CY2021Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	10708000	USD
CY2020Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	10564000	USD
CY2021Q3	us-gaap	Income Tax Examination Penalties And Interest Accrued IncomeTaxExaminationPenaltiesAndInterestAccrued	205000	USD
CY2020Q4	us-gaap	Income Tax Examination Penalties And Interest Accrued IncomeTaxExaminationPenaltiesAndInterestAccrued	127000	USD
CY2021Q3	us-gaap	Decrease In Unrecognized Tax Benefits Is Reasonably Possible DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible	8937000	USD
CY2021Q3	us-gaap	Revenues Revenues	526404000	USD
CY2020Q3	us-gaap	Revenues Revenues	338095000	USD
	us-gaap	Revenues Revenues	1411950000	USD
	us-gaap	Revenues Revenues	1101164000	USD
CY2021Q3	sedg	Solar Segment Profit SolarSegmentProfit	104919000	USD
CY2020Q3	sedg	Solar Segment Profit SolarSegmentProfit	56671000	USD
	sedg	Solar Segment Profit SolarSegmentProfit	283408000	USD
	sedg	Solar Segment Profit SolarSegmentProfit	199231000	USD
CY2021Q3	sedg	All Other Segment Loss AllOtherSegmentLoss	9683000	USD
CY2020Q3	sedg	All Other Segment Loss AllOtherSegmentLoss	6627000	USD
	sedg	All Other Segment Loss AllOtherSegmentLoss	34955000	USD
	sedg	All Other Segment Loss AllOtherSegmentLoss	23857000	USD
CY2021Q3	sedg	Segments Operating Profit SegmentsOperatingProfit	95236000	USD
CY2020Q3	sedg	Segments Operating Profit SegmentsOperatingProfit	50044000	USD
	sedg	Segments Operating Profit SegmentsOperatingProfit	248453000	USD
	sedg	Segments Operating Profit SegmentsOperatingProfit	175374000	USD
CY2021Q3	us-gaap	Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense	26185000	USD
CY2020Q3	us-gaap	Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense	16259000	USD
	us-gaap	Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense	73390000	USD
	us-gaap	Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense	42993000	USD
CY2021Q3	us-gaap	Adjustment For Amortization AdjustmentForAmortization	-2785000	USD
CY2020Q3	us-gaap	Adjustment For Amortization AdjustmentForAmortization	-2833000	USD
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	-8007000	USD
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	-8169000	USD
CY2020Q3	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement		USD
	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement	859000	USD
	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement	4900000	USD
CY2021Q3	sedg	Other Unallocated Amounts OtherUnallocatedAmounts	148000	USD
CY2020Q3	sedg	Other Unallocated Amounts OtherUnallocatedAmounts	-558000	USD
	sedg	Other Unallocated Amounts OtherUnallocatedAmounts	-1814000	USD
	sedg	Other Unallocated Amounts OtherUnallocatedAmounts	-871000	USD
CY2021Q3	sedg	Intersegment Profit IntersegmentProfit		USD
CY2020Q3	sedg	Intersegment Profit IntersegmentProfit		USD
	sedg	Intersegment Profit IntersegmentProfit		USD
	sedg	Intersegment Profit IntersegmentProfit	-107000	USD
CY2021Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	66414000	USD
CY2020Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	30394000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	166101000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	128134000	USD

Files In Submission

Name	View Source	Status
0001178913-21-003364-index-headers.html	Edgar Link	pending
0001178913-21-003364-index.html	Edgar Link	pending
0001178913-21-003364.txt	Edgar Link	pending
0001178913-21-003364-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
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R5.htm	Edgar Link	pending
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R51.htm	Edgar Link	pending
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R53.htm	Edgar Link	pending
R54.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-20210930.xsd	Edgar Link	pending
sedg-20210930_cal.xml	Edgar Link	unprocessable
sedg-20210930_def.xml	Edgar Link	unprocessable
sedg-20210930_lab.xml	Edgar Link	unprocessable
sedg-20210930_pre.xml	Edgar Link	unprocessable
Show.js	Edgar Link	pending
zk2126726.htm	Edgar Link	pending
zk2126726_htm.xml	Edgar Link	completed

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$SEDG
Solaredge Technologies Inc Stock $sedg

2021 Q3 Form 10-Q Financial Statement

#000117891321003364 Filed on November 03, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$SEDG Solaredge Technologies Inc Stock $sedg

2021 Q3 Form 10-Q Financial Statement

#000117891321003364 Filed on November 03, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SEDG
Solaredge Technologies Inc Stock $sedg