SOLAREDGE TECHNOLOGIES INC
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
SEDG$27.66+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $214,229 | $338,468 |
| Marketable securities | 466,407 | 521,570 |
| Trade receivables, net of allowances of $19,110 and $16,400, respectively | 404,390 | 622,425 |
| Inventories, net | 1,549,122 | 1,443,449 |
| Prepaid expenses and other current assets | 354,919 | 378,394 |
| Total current assets | 2,989,067 | 3,304,306 |
| LONG-TERM ASSETS: | ||
| Marketable securities | 268,203 | 407,825 |
| Deferred tax assets, net | 122,564 | 80,912 |
| Property, plant and equipment, net | 605,223 | 614,579 |
| Operating lease right-of-use assets, net | 59,474 | 64,167 |
| Intangible assets, net | 33,037 | 35,345 |
| Goodwill | 41,470 | 42,996 |
| Other long-term assets | 47,784 | 37,601 |
| Total long-term assets | 1,177,755 | 1,283,425 |
| Total assets | $4,166,822 | $4,587,731 |
F - 1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Cont.)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Trade payables, net | $171,412 | $386,471 |
| Employees and payroll accruals | 73,666 | 76,966 |
| Warranty obligations | 181,333 | 183,047 |
| Deferred revenues and customers advances | 36,081 | 40,836 |
| Accrued expenses and other current liabilities | 196,398 | 205,911 |
| Total current liabilities | 658,890 | 893,231 |
| LONG-TERM LIABILITIES: | ||
| Convertible senior notes, net | 628,115 | 627,381 |
| Warranty obligations | 321,166 | 335,197 |
| Deferred revenues | 218,535 | 214,607 |
| Finance lease liabilities | 40,630 | 41,892 |
| Operating lease liabilities | 40,982 | 45,070 |
| Other long-term liabilities | 17,953 | 18,444 |
| Total long-term liabilities | 1,267,381 | 1,282,591 |
| COMMITMENTS AND CONTINGENT LIABILITIES | ||
| STOCKHOLDERS’ EQUITY: | ||
| Common stock of $0.0001 par value - Authorized: 125,000,000 shares; issued: 57,298,691 shares at March 31, 2024 and 57,123,437 shares at December 31, 2023; outstanding: 56,792,795 shares at March 31, 2024 and 57,123,437 shares at December 31, 2023. | 6 | 6 |
| Additional paid-in capital | 1,719,523 | 1,680,622 |
| Treasury stock, at cost; 505,896 shares held | (33,222) | - |
| Accumulated other comprehensive loss | (66,611) | (46,885) |
| Retained earnings | 620,855 | 778,166 |
| Total stockholders’ equity | 2,240,551 | 2,411,909 |
| Total liabilities and stockholders’ equity | $4,166,822 | $4,587,731 |
F - 2
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