← SOLAREDGE TECHNOLOGIES, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $76.6m | $84.2m | $128.8m | $146.5m | $140.3m | $169.2m | $93.8m | $34.3m | ($1.3b) | ($405.4m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | $76.6m | $84.2m | $128.8m | $145.0m | $140.3m | $169.2m | $93.8m | $34.3m | ($1.8b) | ($405.4m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $128.0m | $145.0m | $140.3m | $169.2m | $93.8m | $34.3m | ($1.8b) | ($405.4m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($787k) | ($1.6m) | — | $0 | — | — | — | — | |
| Depreciation, Depletion and Amortization | $3.8m | $7.2m | $11.4m | $17.3m | $22.4m | $29.4m | $40.6m | $57.2m | $59.9m | $30.5m | |
| Depreciation | $3.8m | $7.0m | $11.4m | $17.3m | $22.4m | $29.4m | $40.6m | $49.5m | $52.0m | $27.6m | |
| Amortization | — | — | — | $11.1m | ($9.3m) | ($10.8m) | ($9.5m) | ($8.0m) | ($8.0m) | — | |
| Amortization of Debt Issuance Costs and Discounts | $532k | $2.0m | $1.2m | $122k | $3.2m | $2.9m | $2.9m | — | — | — | |
| Amortization of Intangible Assets | $84k | — | $1.2m | $9.6m | $9.5m | $10.2m | $9.1m | $7.7m | $7.9m | $2.9m | |
| Deferred Income Tax Expense (Benefit) | — | — | ($7.1m) | ($6.0m) | ($3.4m) | ($11.6m) | ($11.1m) | ($43.1m) | $79.2m | ($761k) | |
| Share-based Payment Arrangement, Noncash Expense | $9.1m | $17.6m | $30.6m | $60.4m | $67.3m | $102.6m | $145.5m | $149.9m | $137.3m | $92.5m | |
| Share-based Payment Arrangement, Expense | $9.0m | $17.6m | $30.6m | $60.4m | $67.3m | $102.6m | $145.5m | $149.9m | $137.3m | $92.5m | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | — | $445k | — | — | — | ($2.6m) | $542k | $1.5m | ($3.1m) | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | $0 | $0 | ($90.1m) | $30.8m | $24.7m | $0 | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $0 | $2.3m | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | $0 | $0 | — | $5.6m | $24.7m | $0 | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | $0 | $0 | $118.5m | $30.8m | $24.7m | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | $0 | $0 | $118.5m | $30.8m | $22.4m | $0 | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | — | — | — | — | $4.0m | |
| Gain (Loss) on Disposition of Business | — | — | — | ($5.3m) | — | — | — | $0 | $0 | $18.0m | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | ($445k) | — | — | — | $649k | ($1.3m) | $1.5m | $3.1m | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | ($350k) | ($1.9m) | ($960k) | |
| Income Tax Expense (Benefit) | ($4.4m) | $16.1m | $9.1m | $33.6m | $23.3m | $18.1m | $83.4m | $46.4m | $96.2m | $13.4m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | — | $1.4m | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | ($318k) | $14.5m | ($17.4m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Non-cash transactions: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $37.3m | $38.1m | $60.5m | $124.1m | ($86.5m) | $247.7m | $457.6m | ($296.4m) | ($451.7m) | $105.9m | |
| Increase (Decrease) in Inventories | $7.4m | $15.7m | $20.2m | $22.5m | $149.7m | $43.1m | $341.1m | $690.9m | ($67.8m) | ($97.2m) | |
| Increase (Decrease) in Accounts Payable | ($32.2m) | $35.5m | $31.5m | $47.8m | $3.3m | $91.7m | $194.5m | ($67.8m) | ($285.5m) | $164.8m | |
| Debt and Equity Securities, Gain (Loss) | — | — | $875k | — | — | — | — | — | — | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | — | — | $3.0m | — | |
| Foreign Currency Transaction Gain (Loss), Realized | $493k | ($287k) | $87k | ($1.3m) | $5.7m | ($31.2m) | — | — | — | — | |
| General and Administrative Expense | $12.1m | $18.7m | $29.3m | $49.4m | $63.1m | $82.2m | $112.5m | $146.5m | $147.5m | $101.0m | |
| Goodwill | — | — | $34.9m | $129.7m | $140.5m | $129.6m | $31.2m | $43.0m | $48.4m | $50.1m | |
| Inventory Write-down | $2.5m | $1.4m | $943k | $4.5m | $8.9m | $7.1m | $10.2m | $46.4m | $738.8m | $17.8m | |
| Investment Income, Interest | — | — | — | — | — | — | $1.4m | $7.5m | $16.4m | $10.8m | |
| Nonoperating Income (Expense) | $471k | $9.2m | ($2.3m) | ($11.3m) | $21.1m | ($19.9m) | $3.3m | $41.2m | ($14.6m) | ($72.0m) | |
| Operating Expenses | $80.2m | $123.7m | $179.8m | $289.4m | $318.8m | $422.2m | $678.5m | $663.6m | $831.1m | $498.0m | |
| Proceeds from Stock Options Exercised | $3.0m | $7.2m | $10.0m | $9.1m | $21.5m | $2.2m | $4.0m | — | — | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | $956k | $142k | ($679k) | ($13.8m) | ($33.8m) | ($7.8m) | |
| Realized Investment Gains (Losses) | — | — | ($137k) | — | — | — | — | — | — | — | |
| Restructuring Costs | — | — | — | — | — | — | — | $60.2m | $49.1m | ($12.4m) | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | $3.3m | — | — | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($136k) | ($1.3m) | — | — | — | — | — | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $169k | $994k | $31k | — | $966k | — | — | $0 | $0 | — | |
| Other Operating Income (Expense), Net | — | — | — | — | $3.4m | ($1.4m) | ($116.5m) | — | — | $58.3m | |
| Net Cash Provided by (Used in) Operating Activities | $52.4m | $136.7m | $189.1m | $259.0m | $222.7m | $214.1m | $31.3m | ($180.1m) | ($313.3m) | $104.3m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $15.7m | $21.4m | $38.6m | $72.6m | $126.8m | $149.3m | $169.3m | $170.5m | $108.2m | $23.5m | |
| Property, plant and equipment acquisitions funded by liabilities | $15.7m | $21.4m | $38.6m | $72.6m | $126.8m | $149.3m | $169.3m | $170.5m | $108.2m | $23.5m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $94.7m | $38.4m | — | $0 | — | $16.7m | $10.4m | $0 | |
| Payments to Acquire Investments | — | — | $6.0m | — | — | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | $3.3m | ($1.5m) | $2.0m | ($4.1m) | ($3.0m) | $4.7m | $3.2m | |
| Net Cash Provided by (Used in) Investing Activities | ($125.8m) | ($85.4m) | ($152.6m) | ($152.9m) | ($236.6m) | ($484.2m) | ($417.0m) | ($268.9m) | $416.3m | $379.9m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | — | — | — | — | $231.2m | $280.2m | $114.6m | $713.4m | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $0 | $0 | $50.2m | $0 | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | ($1.4m) | ($234k) | ($1.3m) | ($2.8m) | $226k | ($2.6m) | ($4.2m) | |
| Net Cash Provided by (Used in) Financing Activities | $2.8m | $7.2m | ($8.0m) | ($73.0m) | $640.5m | ($15.2m) | $654.6m | ($12.0m) | ($20.1m) | ($348.9m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | ($11.8m) | ($15.8m) | $16.3m | ($11.4m) | $3.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | — | ($11.8m) | ($15.8m) | $16.3m | $71.5m | $129.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | ($11.8m) | ($15.8m) | $338.5m | $409.9m | $539.8m | |
| Restricted Cash and Investments, Current | $928k | $1.5m | $1.6m | $27.6m | $2.6m | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $143k | $1.1m | $321k | $36k | — | $70k | $62k | $3.9m | |
| Income Taxes Paid, Net | $1.2m | $3.1m | $15.4m | $41.1m | $39.0m | $46.0m | $74.7m | $138.0m | $17.0m | $31.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.