Name: SolarEdge Technologies Inc. (NASDAQ:SEDG) | Liabilities and Stockholders’ Equity (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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SolarEdge Technologies Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Trade payables, net	459,831)	311,565)	253,399)	241,630)	252,068)	137,621)	141,174)	122,063)	162,051)	122,106)	158,264)	139,138)	157,148)	132,230)	116,795)	90,190)	107,079)	83,459)	81,610)	83,091)
Employees and payroll accruals	85,158)	71,905)	68,154)	84,309)	74,465)	63,845)	58,340)	63,929)	63,738)	50,814)	48,764)	58,894)	47,390)	44,386)	34,555)	31,524)	29,053)	23,680)	23,510)	29,733)
Warranty obligations	103,975)	97,222)	91,761)	82,340)	71,480)	67,096)	64,855)	63,443)	62,614)	65,080)	68,674)	70,158)	65,112)	45,887)	38,819)	35,229)	28,868)	21,660)	18,964)	16,605)
Deferred revenues and customers advances	26,641)	31,896)	30,460)	25,511)	17,789)	16,939)	16,144)	21,065)	24,648)	27,267)	25,625)	30,706)	70,815)	15,006)	15,708)	13,527)	14,351)	5,795)	3,407)	3,010)
Accrued expenses and other current liabilities	214,112)	181,892)	168,400)	134,951)	109,379)	120,006)	119,072)	127,226)	123,048)	117,270)	103,738)	90,785)	96,249)	97,898)	87,901)	77,602)	46,367)	31,556)	26,480)	26,170)
Current liabilities	889,717)	694,480)	612,174)	568,741)	525,181)	405,507)	399,585)	397,726)	436,099)	382,537)	405,065)	389,681)	436,714)	335,407)	293,778)	248,072)	225,718)	166,150)	153,971)	158,609)
Convertible senior notes, net	624,451)	623,721)	622,991)	622,263)	621,535)	620,808)	620,082)	619,357)	573,350)	570,332)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Warranty obligations	281,082)	248,917)	232,415)	210,326)	193,680)	179,967)	167,312)	154,510)	142,380)	130,614)	124,010)	116,099)	107,451)	125,467)	111,819)	101,517)	92,958)	86,059)	78,327)	71,590)
Deferred revenues	186,936)	176,824)	170,235)	158,734)	151,556)	136,269)	128,109)	122,168)	115,372)	109,439)	103,181)	98,134)	89,982)	81,934)	73,796)	66,037)	60,670)	53,663)	47,595)	41,866)
Long-term finance lease liabilities	45,385)	45,509)	46,680)	53,405)	40,508)	25,375)	25,525)	24,918)	26,173)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Long-term operating lease liabilities	46,256)	46,398)	42,849)	48,480)	38,912)	31,509)	31,153)	32,667)	35,194)	29,442)	29,991)	30,336)	30,213)	29,117)	30,009)	24,790)	—)	—)	—)	—)
Other long-term liabilities	15,756)	15,570)	17,902)	10,441)	10,649)	15,315)	14,766)	13,325)	22,784)	23,895)	18,778)	13,172)	18,594)	28,479)	32,244)	38,990)	14,400)	7,343)	18,446)	19,285)
Long-term liabilities	1,199,866)	1,156,939)	1,133,072)	1,103,649)	1,056,840)	1,009,243)	986,947)	966,945)	915,253)	863,722)	275,960)	257,741)	246,240)	264,997)	247,868)	231,334)	168,028)	147,065)	144,368)	132,741)
Total liabilities	2,089,583)	1,851,419)	1,745,246)	1,672,390)	1,582,021)	1,414,750)	1,386,532)	1,364,671)	1,351,352)	1,246,259)	681,025)	647,422)	682,954)	600,404)	541,646)	479,406)	393,746)	313,215)	298,339)	291,350)
Common stock of $0.0001 par value	6)	6)	6)	6)	5)	5)	5)	5)	5)	5)	5)	5)	5)	5)	5)	5)	5)	5)	5)	4)
Additional paid-in capital	1,505,632)	1,457,379)	1,418,881)	1,373,405)	687,295)	652,109)	625,268)	595,716)	603,891)	574,326)	511,640)	491,873)	475,792)	450,459)	431,684)	417,385)	371,794)	361,744)	353,470)	343,356)
Accumulated other comprehensive income (loss)	(73,109)	(128,266)	(89,620)	(46,067)	(27,319)	(19,135)	(3,536)	(6,761)	3,857)	(2,643)	(3,442)	(5,390)	(1,809)	(3,356)	(895)	(1,220)	(524)	(983)	(1,138)	(1,135)
Retained earnings	743,837)	723,008)	698,265)	683,181)	650,058)	609,104)	556,056)	510,964)	478,004)	460,349)	416,598)	379,930)	337,682)	284,904)	243,277)	210,149)	191,133)	178,197)	132,554)	97,986)
Total SolarEdge Technologies, Inc. stockholders’ equity	2,176,366)	2,052,127)	2,027,532)	2,010,525)	1,310,039)	1,242,083)	1,177,793)	1,099,924)	1,085,757)	1,032,037)	924,801)	866,418)	811,670)	732,012)	674,071)	626,319)	562,408)	538,963)	484,891)	440,211)
Non-controlling interests	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	5,176)	5,977)	71,198)	8,318)	—)	—)	—)
Total stockholders’ equity	2,176,366)	2,052,127)	2,027,532)	2,010,525)	1,310,039)	1,242,083)	1,177,793)	1,099,924)	1,085,757)	1,032,037)	924,801)	866,418)	811,670)	737,188)	680,048)	697,517)	570,726)	538,963)	484,891)	440,211)
Total liabilities and stockholders’ equity	4,265,949)	3,903,546)	3,772,778)	3,682,915)	2,892,060)	2,656,833)	2,564,325)	2,464,595)	2,437,109)	2,278,296)	1,605,826)	1,513,840)	1,494,624)	1,337,592)	1,221,694)	1,176,923)	964,472)	852,178)	783,230)	731,561)

The total capitalization of the company expanded significantly between March 2018 and December 2022, with total liabilities and stockholders' equity increasing from approximately $731.5 million to $4.26 billion. This growth reflects a period of aggressive operational scaling and a strategic shift in the company's capital structure, characterized by both debt issuance and substantial equity financing.

Current Liabilities and Operational Obligations: Current liabilities demonstrated a consistent upward trajectory, rising from $158.6 million in March 2018 to $889.7 million by December 2022. The most prominent driver of this increase was trade payables, which grew from $83.1 million to $459.8 million, suggesting an increase in procurement volumes and a greater reliance on supplier credit to fund growth. Additionally, accrued expenses and other current liabilities grew from $26.2 million to $214.1 million over the same period. Current warranty obligations also trended upward, increasing from $16.6 million to $103.9 million, which aligns with an expanding installed base of products.
Long-Term Debt and Liability Structure: Long-term liabilities experienced a sharp increase, growing from $132.7 million in March 2018 to $1.19 billion in December 2022. A pivotal shift occurred in the third quarter of 2020 with the issuance of convertible senior notes, which added approximately $570.3 million to the balance sheet and remained a stable component of the debt profile through the end of 2022. Long-term warranty obligations also rose steadily from $71.6 million to $281.1 million, indicating a long-term commitment to product reliability and service. Long-term deferred revenues grew from $41.9 million to $186.9 million, suggesting a growth in advance payments or performance obligations.
Stockholders' Equity and Capital Funding: Total stockholders' equity rose from $440.2 million in March 2018 to $2.17 billion in December 2022. A substantial portion of this increase is attributed to additional paid-in capital, which saw a dramatic jump between December 2021 ($687.3 million) and March 2022 ($1.37 billion), pointing to a significant capital injection during that period. Retained earnings showed a steady and healthy climb from $97.9 million to $743.8 million, reflecting consistent cumulative profitability. Conversely, accumulated other comprehensive income shifted from a modest negative position to a significant loss of $128.3 million by September 2022, before partially recovering to $73.1 million by year-end.

The overall financial position evolved from a lean, equity-heavy structure in 2018 to a more complex balance sheet by late 2022. While total liabilities grew substantially, the simultaneous increase in stockholders' equity has maintained a balanced capital structure, ensuring that the growth in long-term debt is offset by strong equity reserves and retained earnings.

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SolarEdge Technologies Inc. (NASDAQ:SEDG)

Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data