SEDG FY 2015 Earnings Report — SolarEdge Technologies, Inc. Revenue & Financial Results | Market Cap Arena

SolarEdge Technologies, Inc.SEDG

FY 2015 Earnings

Reported August 17, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$490M	—	$325M	—	50.7%
Op. Income	$72M	—	$28M	—	154.0%
Gross Margin	31.0%	—	25.2%	—	5.9pp
Net Margin	15.6%	—	6.5%	—	9.1pp
EPS (Diluted)	$1.73	—	$0.51	—	239.2%
Free Cash Flow	$36M	—	$289.0K	—	12370.6%

Revenue Flow

Item	Amount
REVENUE	$490M
Cost of Revenue	$338M
GROSS PROFIT	$152M
R&D Expenses	$33M
Selling & Marketing	$35M
General & Administrative	$12M
SG&A Expenses	$47M
Other Expenses	$0
Operating Expenses	$80M
Cost & Expenses	$418M
OPERATING INCOME	$72M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$471.0K
INCOME BEFORE TAX	$72M
Income Tax Expense	-$4M
Net Income from Continuing Ops	$77M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$77M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$77M
D&A	$4M
EBIT	$72M
EBITDA	$76M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$490M
Cost of Revenue	$338M
GROSS PROFIT	$152M
R&D Expenses	$33M
Selling & Marketing	$35M
General & Administrative	$12M
SG&A Expenses	$47M
Other Expenses	$0
Operating Expenses	$80M
Cost & Expenses	$418M
OPERATING INCOME	$72M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$471.0K
INCOME BEFORE TAX	$72M
Income Tax Expense	-$4M
Net Income from Continuing Ops	$77M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$77M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$77M
D&A	$4M
EBIT	$72M
EBITDA	$76M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$77M
Depreciation & Amortization	$4M
Stock-Based Compensation	$9M
Deferred Income Tax	$0
Other Non-Cash Items	$363.0K
Change in Working Capital	-$37M
OPERATING CASH FLOW	$53M
Capital Expenditure	-$16M
Acquisitions (Net)	-$4M
Purchases of Investments	-$119M
Sales/Maturities of Investments	$6M
Other Investing Activities	-$800.0K
NET CASH FROM INVESTING	-$129M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	$3M
FREE CASH FLOW	$36M
Net Change in Cash	-$73M

Balance Sheet

Item	Amount
Cash & Equivalents	$74M
Short-Term Investments	$59M
Net Receivables	$88M
Inventory	$82M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$310M
PP&E (Net)	$28M
Goodwill	$0
Intangible Assets	$716.0K
Long-Term Investments	$52M
Tax Assets	$6M
Other Non-Current Assets	$399.0K
TOTAL NON-CURRENT ASSETS	$88M
TOTAL ASSETS	$397M
Account Payables	$48M
Short-Term Debt	$0
Deferred Revenue	$4M
Other Current Liabilities	$17M
TOTAL CURRENT LIABILITIES	$87M
Long-Term Debt	$0
Deferred Revenue NC	$15M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$39M
TOTAL NON-CURRENT LIABILITIES	$54M
TOTAL LIABILITIES	$141M
Common Stock	$4.0K
Additional Paid-In Capital	$299M
Retained Earnings	-$43M
Treasury Stock	$0
Accum. Other Comp. Income	$271.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$256M
Minority Interest	$0
TOTAL EQUITY	$256M
TOTAL LIABILITIES & EQUITY	$397M
Total Debt	$0
Net Debt	-$74M