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$25.86-6.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(Unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $(157,311) | $138,378 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 14,988 | 13,464 |
| Loss (gain) from exchange rate fluctuations | 7,799 | (20,441) |
| Stock-based compensation expenses | 37,606 | 39,235 |
| Deferred income taxes, net | (41,847) | (3,930) |
| Other items | 4,371 | 2,810 |
| Changes in assets and liabilities: | ||
| Trade receivables, net | 210,376 | (55,002) |
| Inventories, net | (105,810) | (141,521) |
| Prepaid expenses and other assets | 42,164 | (20,591) |
| Right-of-use assets | 5,255 | 3,918 |
| Trade payables, net | (210,449) | (50,410) |
| Employees and payroll accruals | (2,460) | 10,227 |
| Warranty obligations | (15,582) | 57,864 |
| Deferred revenues and customers advances | (523) | 9,325 |
| Operating lease liabilities | (5,219) | (3,958) |
| Accrued expenses and other liabilities, net | (377) | 28,555 |
| Net cash provided by (used in) operating activities | (217,019) | 7,923 |
| Cash flows from investing activities: | ||
| Investment in available-for-sale marketable securities | (129,221) | (38,979) |
| Proceeds from sales and maturities of available-for-sale marketable securities | 319,605 | 11,597 |
| Purchase of property, plant and equipment | (26,347) | (38,338) |
| Disbursements for loans receivables | (7,500) | - |
| Investment in privately-held companies | (8,831) | (5,500) |
| Proceeds from loan receivables | 1,625 | - |
| Other investing activities | (323) | 3,440 |
| Net cash provided by (used in) investing activities | $149,008 | $(67,780) |
F - 6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Cont.)
| Three Months Ended March 31, | |||
|---|---|---|---|
| 2024 · 2023 | |||
| Cash flows from financing activities: | |||
| Repurchase of common stock | $(33,222) | $ | - |
| Payments on account of repurchase of common stock | (16,778) | - | |
| Tax withholding in connection with stock-based awards, net | (470) | (4,541) | |
| Other financing activities | (517) | (681) | |
| Net cash used in financing activities | (50,987) | (5,222) | |
| Effect of exchange rate differences on cash and cash equivalents | (5,241) | 9,816 | |
| Decrease in cash and cash equivalents | (124,239) | (55,263) | |
| Cash and cash equivalents at the beginning of the period | 338,468 | 783,112 | |
| Cash and cash equivalents at the end of the period | $214,229 | $727,849 | |
| Supplemental disclosure of non-cash activities: | |||
| Right-of-use asset recognized with a corresponding lease liability | $1,085 | $11,258 | |
| Purchase of property, plant and equipment | $4,760 | $12,304 | |
F - 7
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