SOLAREDGE TECHNOLOGIES, INC.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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, 2025 · Filed May 8, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(98,523) | $(157,311) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 12,001 | 14,988 |
| Stock-based compensation expenses | 31,426 | 37,606 |
| Deferred income taxes, net | (1,029) | (41,847) |
| Loss (gain) from exchange rate fluctuations | (2,930) | 7,799 |
| Other items | 2,271 | 4,371 |
| Changes in assets and liabilities: | ||
| Trade receivables, net | 29,247 | 210,376 |
| Inventories, net | 12,285 | (105,810) |
| Prepaid expenses and other assets | 100,361 | 52,187 |
| Operating lease right-of-use assets, net | 3,659 | 5,255 |
| Trade payables | 30,275 | (215,120) |
| Warranty obligations | (19,745) | (15,582) |
| Deferred revenues and customers advances | (51,970) | (523) |
| Operating lease liabilities | (3,571) | (5,219) |
| Accrued expenses and other liabilities | (9,934) | (8,189) |
| Net cash provided by (used in) operating activities | 33,823 | (217,019) |
| Cash flows from investing activities: | ||
| Investment in available-for-sale marketable securities | (72,465) | (129,221) |
| Proceeds from maturities of available-for-sale marketable securities | 142,931 | 319,605 |
| Purchase of property, plant and equipment | (10,109) | (26,347) |
| Repayment related to governmental grant | (6,643) | - |
| Disbursements for loans receivables | - | (7,500) |
| Investment in privately-held companies | - | (8,831) |
| Proceeds from loan receivables | 13,653 | 1,625 |
| Other investing activities | 230 | (323) |
| Net cash provided by investing activities | $67,597 | $149,008 |
SOLAREDGE TECHNOLOGIES INC. | 2025 Form 10-Q | F - 6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
| Three Months EndedMarch 31, | |||
|---|---|---|---|
| 2025 · 2024 | |||
| Cash flows from financing activities: | |||
| Repurchase of common stock | $ | - | $(33,222) |
| Payments on account of repurchase of common stock | - | (16,778) | |
| Repurchase of convertible debt | (5,093) | - | |
| Other financing activities | (1,144) | (987) | |
| Net cash used in financing activities | (6,237) | (50,987) | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 701 | (5,241) | |
| Increase (decrease) in cash, cash equivalents and restricted cash | 95,884 | (124,239) | |
| Cash, cash equivalents and restricted cash, beginning of period | 409,939 | 338,468 | |
| Cash, cash equivalents and restricted cash, end of period | $505,823 | $214,229 | |
| Supplemental disclosure of non-cash activities: | |||
| Right-of-use asset recognized with a corresponding lease liability | $10,881 | $1,085 | |
| Purchase of property, plant and equipment | $1,731 | $4,760 | |
The following table reconciles cash, cash equivalents and restricted cash per the statement of cash flows to the balance sheet:
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash and cash equivalents | $401,364 | $214,229 |
| Restricted cash | 104,459 | - |
| Cash, cash equivalents and restricted cash, end of period | $505,823 | $214,229 |
SOLAREDGE TECHNOLOGIES INC. | 2025 Form 10-Q | F - 7
NOTES TO
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