SEDG FY 2020 Earnings Report — SolarEdge Technologies, Inc. Revenue & Financial Results | Market Cap Arena

SolarEdge Technologies, Inc.SEDG

FY 2020 Earnings

Reported February 19, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.5B	—	—	—	—
Op. Income	$143M	—	—	—	—
Gross Margin	31.6%	—	—	—	—
Net Margin	9.6%	—	—	—	—
EPS (Diluted)	$2.66	—	—	—	—
Free Cash Flow	$96M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$998M
GROSS PROFIT	$461M
R&D Expenses	$163M
Selling & Marketing	$96M
General & Administrative	$63M
SG&A Expenses	$159M
Other Expenses	-$3M
Operating Expenses	$319M
Cost & Expenses	$1.3B
OPERATING INCOME	$143M
Interest Income	$5M
Interest Expense	$11M
Other Income/Expenses	$21M
INCOME BEFORE TAX	$164M
Income Tax Expense	$23M
Net Income from Continuing Ops	$140M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$140M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$140M
D&A	$32M
EBIT	$167M
EBITDA	$199M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$998M
GROSS PROFIT	$461M
R&D Expenses	$163M
Selling & Marketing	$96M
General & Administrative	$63M
SG&A Expenses	$159M
Other Expenses	-$3M
Operating Expenses	$319M
Cost & Expenses	$1.3B
OPERATING INCOME	$143M
Interest Income	$5M
Interest Expense	$11M
Other Income/Expenses	$21M
INCOME BEFORE TAX	$164M
Income Tax Expense	$23M
Net Income from Continuing Ops	$140M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$140M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$140M
D&A	$32M
EBIT	$167M
EBITDA	$199M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$140M
Depreciation & Amortization	$32M
Stock-Based Compensation	$67M
Deferred Income Tax	-$3M
Other Non-Cash Items	$8M
Change in Working Capital	-$22M
OPERATING CASH FLOW	$223M
Capital Expenditure	-$127M
Acquisitions (Net)	$0
Purchases of Investments	-$278M
Sales/Maturities of Investments	$142M
Other Investing Activities	$27M
NET CASH FROM INVESTING	-$237M
Net Debt Issuance	$619M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$234.0K
NET CASH FROM FINANCING	$640M
FREE CASH FLOW	$96M
Net Change in Cash	$603M

Balance Sheet

Item	Amount
Cash & Equivalents	$827M
Short-Term Investments	$204M
Net Receivables	$325M
Inventory	$332M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$345M
Goodwill	$140M
Intangible Assets	$68M
Long-Term Investments	$147M
Tax Assets	$12M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$718M
TOTAL ASSETS	$2.4B
Account Payables	$162M
Short-Term Debt	$17M
Deferred Revenue	$25M
Other Current Liabilities	$84M
TOTAL CURRENT LIABILITIES	$436M
Long-Term Debt	$573M
Deferred Revenue NC	$115M
Deferred Tax Liabilities	$9M
Other Non-Current Liabilities	$157M
TOTAL NON-CURRENT LIABILITIES	$915M
TOTAL LIABILITIES	$1.4B
Common Stock	$5.0K
Additional Paid-In Capital	$604M
Retained Earnings	$478M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$663M
Net Debt	-$165M