SEDG FY 2017 Earnings Report — SolarEdge Technologies, Inc. Revenue & Financial Results | Market Cap Arena

SolarEdge Technologies, Inc.SEDG

FY 2017 Earnings

Reported February 20, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$607M	—	$480M	—	26.5%
Op. Income	$91M	—	$67M	—	35.8%
Gross Margin	35.4%	—	33.7%	—	1.7pp
Net Margin	13.9%	—	10.6%	—	3.3pp
EPS (Diluted)	$1.85	—	$1.16	—	59.5%
Free Cash Flow	$115M	—	$37M	—	207.6%

Revenue Flow

Item	Amount
REVENUE	$607M
Cost of Revenue	$392M
GROSS PROFIT	$215M
R&D Expenses	$55M
Selling & Marketing	$50M
General & Administrative	$19M
SG&A Expenses	$69M
Other Expenses	$0
Operating Expenses	$124M
Cost & Expenses	$516M
OPERATING INCOME	$91M
Interest Income	$4M
Interest Expense	$2M
Other Income/Expenses	$9M
INCOME BEFORE TAX	$100M
Income Tax Expense	$16M
Net Income from Continuing Ops	$84M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$84M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$84M
D&A	$7M
EBIT	$100M
EBITDA	$107M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$607M
Cost of Revenue	$392M
GROSS PROFIT	$215M
R&D Expenses	$55M
Selling & Marketing	$50M
General & Administrative	$19M
SG&A Expenses	$69M
Other Expenses	$0
Operating Expenses	$124M
Cost & Expenses	$516M
OPERATING INCOME	$91M
Interest Income	$4M
Interest Expense	$2M
Other Income/Expenses	$9M
INCOME BEFORE TAX	$100M
Income Tax Expense	$16M
Net Income from Continuing Ops	$84M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$84M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$84M
D&A	$7M
EBIT	$100M
EBITDA	$107M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$84M
Depreciation & Amortization	$7M
Stock-Based Compensation	$18M
Deferred Income Tax	-$5M
Other Non-Cash Items	$1M
Change in Working Capital	$32M
OPERATING CASH FLOW	$137M
Capital Expenditure	-$21M
Acquisitions (Net)	$0
Purchases of Investments	-$144M
Sales/Maturities of Investments	$80M
Other Investing Activities	-$619.0K
NET CASH FROM INVESTING	-$85M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$7M
NET CASH FROM FINANCING	$7M
FREE CASH FLOW	$115M
Net Change in Cash	$58M

Balance Sheet

Item	Amount
Cash & Equivalents	$163M
Short-Term Investments	$77M
Net Receivables	$143M
Inventory	$83M
Other Current Assets	$5M
TOTAL CURRENT ASSETS	$477M
PP&E (Net)	$51M
Goodwill	$0
Intangible Assets	$1M
Long-Term Investments	$103M
Tax Assets	$8M
Other Non-Current Assets	$862.0K
TOTAL NON-CURRENT ASSETS	$165M
TOTAL ASSETS	$641M
Account Payables	$69M
Short-Term Debt	$0
Deferred Revenue	$3M
Other Current Liabilities	$18M
TOTAL CURRENT LIABILITIES	$130M
Long-Term Debt	$0
Deferred Revenue NC	$31M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$83M
TOTAL NON-CURRENT LIABILITIES	$114M
TOTAL LIABILITIES	$244M
Common Stock	$4.0K
Additional Paid-In Capital	$332M
Retained Earnings	$66M
Treasury Stock	$0
Accum. Other Comp. Income	-$611.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$397M
Minority Interest	$0
TOTAL EQUITY	$397M
TOTAL LIABILITIES & EQUITY	$641M
Total Debt	$0
Net Debt	-$163M