2022 Q3 Form 10-Q Financial Statement
#000117891322002939 Filed on August 04, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $836.7M | $727.8M | $655.1M |
YoY Change | 58.95% | 51.6% | 61.55% |
Cost Of Revenue | $614.7M | $545.1M | $476.1M |
YoY Change | 73.73% | 68.32% | 79.4% |
Gross Profit | $222.0M | $182.6M | $179.0M |
YoY Change | 28.65% | 16.93% | 27.76% |
Gross Profit Margin | 26.53% | 25.1% | 27.32% |
Selling, General & Admin | $70.66M | $67.10M | $61.75M |
YoY Change | 39.97% | 37.41% | 32.05% |
% of Gross Profit | 31.83% | 36.74% | 34.5% |
Research & Development | $69.66M | $74.85M | $66.35M |
YoY Change | 25.14% | 42.12% | 41.24% |
% of Gross Profit | 31.38% | 40.98% | 37.08% |
Depreciation & Amortization | $13.17M | $12.48M | $11.66M |
YoY Change | 30.44% | 30.26% | 69.3% |
% of Gross Profit | 5.93% | 6.83% | 6.52% |
Operating Expenses | $137.6M | $146.6M | $128.1M |
YoY Change | 29.63% | 45.71% | 33.51% |
Operating Profit | $84.41M | $36.01M | $50.86M |
YoY Change | 27.09% | -35.18% | 15.26% |
Interest Expense | -$33.03M | -$14.31M | -$5.449M |
YoY Change | 474.25% | 82.54% | -10.67% |
% of Operating Profit | -39.13% | -39.74% | -10.71% |
Other Income/Expense, Net | $7.533M | -$14.31M | |
YoY Change | 721.06% | ||
Pretax Income | $58.92M | $21.70M | $45.42M |
YoY Change | -2.88% | -59.68% | 19.42% |
Income Tax | $34.17M | $6.617M | $12.29M |
% Of Pretax Income | 58.0% | 30.49% | 27.07% |
Net Earnings | $24.74M | $15.08M | $33.12M |
YoY Change | -53.36% | -66.55% | 10.13% |
Net Earnings / Revenue | 2.96% | 2.07% | 5.06% |
Basic Earnings Per Share | $0.44 | $0.27 | $0.62 |
Diluted Earnings Per Share | $0.43 | $0.26 | $588.2K |
COMMON SHARES | |||
Basic Shares Outstanding | 55.64M shares | 55.47M shares | 52.82M shares |
Diluted Shares Outstanding | 58.75M shares | 58.56M shares | 56.32M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $880.9M | $895.8M | $1.161B |
YoY Change | 29.14% | 31.09% | 33.81% |
Cash & Equivalents | $678.3M | $745.5M | $1.003B |
Short-Term Investments | $202.6M | $150.3M | $158.6M |
Other Short-Term Assets | $224.2M | $248.6M | $191.7M |
YoY Change | 50.02% | 77.62% | 81.67% |
Inventory | $561.4M | $470.3M | $432.5M |
Prepaid Expenses | |||
Receivables | $785.3M | $669.1M | $676.8M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $2.452B | $2.284B | $2.462B |
YoY Change | 57.92% | 53.39% | 55.34% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $491.4M | $489.1M | $533.3M |
YoY Change | 25.16% | 29.18% | 51.5% |
Goodwill | $108.9M | $116.2M | |
YoY Change | |||
Intangibles | $46.29M | $50.37M | |
YoY Change | |||
Long-Term Investments | $688.8M | $709.6M | $449.7M |
YoY Change | 45.52% | 55.14% | 52.53% |
Other Assets | $15.64M | $31.97M | $54.79M |
YoY Change | -65.18% | -23.14% | 62.09% |
Total Long-Term Assets | $1.452B | $1.489B | $1.221B |
YoY Change | 31.47% | 38.46% | 38.78% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.452B | $2.284B | $2.462B |
Total Long-Term Assets | $1.452B | $1.489B | $1.221B |
Total Assets | $3.904B | $3.773B | $3.683B |
YoY Change | 46.92% | 47.13% | 49.43% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $311.6M | $253.4M | $241.6M |
YoY Change | 126.39% | 79.49% | 97.9% |
Accrued Expenses | $112.4M | $100.4M | $219.3M |
YoY Change | -38.82% | -43.35% | 25.36% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $694.5M | $612.2M | $568.7M |
YoY Change | 71.26% | 53.2% | 43.01% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $669.2M | $669.7M | $675.7M |
YoY Change | 3.57% | 3.73% | 4.87% |
Other Long-Term Liabilities | $15.57M | $17.90M | $428.0M |
YoY Change | -95.71% | -94.76% | 3111.86% |
Total Long-Term Liabilities | $1.157B | $1.133B | $1.104B |
YoY Change | 14.68% | 14.81% | 14.14% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $694.5M | $612.2M | $568.7M |
Total Long-Term Liabilities | $1.157B | $1.133B | $1.104B |
Total Liabilities | $1.851B | $1.745B | $1.672B |
YoY Change | 30.87% | 25.87% | 22.55% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $723.0M | $698.3M | |
YoY Change | |||
Common Stock | $6.000K | $6.000K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $2.052B | $2.028B | $2.011B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $3.904B | $3.773B | $3.683B |
YoY Change | 46.92% | 47.13% | 49.43% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $24.74M | $15.08M | $33.12M |
YoY Change | -53.36% | -66.55% | 10.13% |
Depreciation, Depletion And Amortization | $13.17M | $12.48M | $11.66M |
YoY Change | 30.44% | 30.26% | 69.3% |
Cash From Operating Activities | $5.558M | $77.42M | -$163.0M |
YoY Change | -91.0% | 100.2% | -776.78% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$33.20M | -$48.67M | -$43.21M |
YoY Change | 4.2% | 19.4% | -276.04% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$21.38M | -$262.1M | $28.08M |
YoY Change | -28.96% | 84.95% | -5016.99% |
Cash From Investing Activities | -$54.58M | -$310.8M | -$15.13M |
YoY Change | -11.91% | 70.4% | -90.15% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -1.271M | -3.929M | 652.3M |
YoY Change | -171.65% | -79.44% | -31736.03% |
NET CHANGE | |||
Cash From Operating Activities | 5.558M | 77.42M | -163.0M |
Cash From Investing Activities | -54.58M | -310.8M | -15.13M |
Cash From Financing Activities | -1.271M | -3.929M | 652.3M |
Net Change In Cash | -50.29M | -237.3M | 474.2M |
YoY Change | -3249.28% | 45.74% | -460.45% |
FREE CASH FLOW | |||
Cash From Operating Activities | $5.558M | $77.42M | -$163.0M |
Capital Expenditures | -$33.20M | -$48.67M | -$43.21M |
Free Cash Flow | $38.76M | $126.1M | -$119.8M |
YoY Change | -58.61% | 58.73% | 25826.19% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-06-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | ||
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Entity Emerging Growth Company
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|
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Inventory Net
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Goodwill
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Retained Earnings Accumulated Deficit
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Stockholders Equity
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Earnings Per Share Basic
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Accured Amount Of Legal Claims
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Entity Common Stock Shares Outstanding
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Income Tax Expense Benefit
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Earnings Per Share Basic
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|
0.89 | ||
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Earnings Per Share Diluted
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|
0.86 | ||
us-gaap |
Net Income Loss
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|
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-4516000 | 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 |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-62301000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-14094000 | usd | |
CY2021Q4 | us-gaap |
Shares Outstanding
SharesOutstanding
|
1310039 | shares |
CY2022Q2 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
164 | shares |
CY2022Q2 | us-gaap |
Shares Outstanding
SharesOutstanding
|
2027532 | shares |
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
4008000 | usd | |
us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
0 | usd | |
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
20356000 | usd | |
sedg |
Proceeds From Exercise Of Stockbased Awards
ProceedsFromExerciseOfStockbasedAwards
|
5472000 | usd | |
sedg |
Tax Withholding In Connection With Stock Based Awards Net
TaxWithholdingInConnectionWithStockBasedAwardsNet
|
-2318000 | usd | |
sedg |
Tax Withholding In Connection With Stock Based Awards Net
TaxWithholdingInConnectionWithStockBasedAwardsNet
|
-9668000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
21454000 | usd | |
us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
25124000 | usd | |
us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
35593000 | usd | |
us-gaap |
Deferred Revenue Period Increase Decrease
DeferredRevenuePeriodIncreaseDecrease
|
56473000 | usd | |
us-gaap |
Deferred Revenue Period Increase Decrease
DeferredRevenuePeriodIncreaseDecrease
|
39826000 | usd | |
CY2022Q2 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
6351000 | usd |
sedg |
Gain Loss Of Financial Expenses Net
GainLossOfFinancialExpensesNet
|
3943000 | usd | |
sedg |
Gain Loss Of Financial Expenses Net
GainLossOfFinancialExpensesNet
|
4355000 | usd | |
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
7529000 | usd | |
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
713000 | usd | |
CY2022Q2 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
678000 | usd |
CY2022Q2 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
4686000 | usd |
CY2021Q2 | sedg |
Legal Settlement Related To Kokams Acquisition
LegalSettlementRelatedToKokamsAcquisition
|
-859000 | usd |