Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

SolarEdge Technologies Inc., adjusted current assets

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current assets	2,899,658)	1,711,291)	1,719,341)	932,763)	678,113)
Adjustments
Add: Allowance for credit losses	3,202)	2,626)	2,886)	2,473)	427)
After Adjustment
Adjusted current assets	2,902,860)	1,713,917)	1,722,227)	935,236)	678,540)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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SolarEdge Technologies Inc., adjusted total assets

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total assets	4,265,949)	2,892,060)	2,437,109)	1,494,624)	964,472)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	19,814)
Add: Allowance for credit losses	3,202)	2,626)	2,886)	2,473)	427)
Less: Deferred tax assets, net²	44,153)	27,572)	11,676)	16,298)	14,699)
After Adjustment
Adjusted total assets	4,224,998)	2,867,114)	2,428,319)	1,480,799)	970,014)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets, net. See details »

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SolarEdge Technologies Inc., adjusted current liabilities

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current liabilities	889,717)	525,181)	436,099)	436,714)	225,718)
Adjustments
Less: Current deferred revenues	26,641)	17,789)	24,648)	70,815)	14,351)
Less: Current warranty obligations	103,975)	71,480)	62,614)	65,112)	28,868)
After Adjustment
Adjusted current liabilities	759,101)	435,912)	348,837)	300,787)	182,499)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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SolarEdge Technologies Inc., adjusted total liabilities

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total liabilities	2,089,583)	1,582,021)	1,351,352)	682,954)	393,746)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	19,814)
Less: Deferred tax liabilities, net²	—)	156)	8,593)	4,461)	1,499)
Less: Deferred revenues	213,577)	169,345)	140,020)	160,797)	75,021)
Less: Warranty obligations	385,057)	265,160)	204,994)	172,563)	121,826)
After Adjustment
Adjusted total liabilities	1,490,949)	1,147,360)	997,745)	345,133)	215,214)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities, net. See details »

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SolarEdge Technologies Inc., adjusted total SolarEdge Technologies, Inc. stockholders’ equity

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total SolarEdge Technologies, Inc. stockholders’ equity	2,176,366)	1,310,039)	1,085,757)	811,670)	562,408)
Adjustments
Less: Net deferred tax assets (liabilities)¹	44,153)	27,416)	3,083)	11,837)	13,200)
Add: Allowance for credit losses	3,202)	2,626)	2,886)	2,473)	427)
Add: Deferred revenues	213,577)	169,345)	140,020)	160,797)	75,021)
Add: Warranty obligations	385,057)	265,160)	204,994)	172,563)	121,826)
Add: Non-controlling interests	—)	—)	—)	—)	8,318)
After Adjustment
Adjusted total stockholders’ equity	2,734,049)	1,719,754)	1,430,574)	1,135,666)	754,800)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Net deferred tax assets (liabilities). See details »

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SolarEdge Technologies Inc., adjusted capitalization table

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Short-term finance lease liabilities	3,263)	1,875)	1,686)	231)	—)
Convertible senior notes, net	624,451)	621,535)	573,350)	—)	—)
Long-term finance lease liabilities	45,385)	40,508)	26,173)	2,399)	—)
Total reported debt	673,099)	663,918)	601,209)	2,630)	—)
Total SolarEdge Technologies, Inc. stockholders’ equity	2,176,366)	1,310,039)	1,085,757)	811,670)	562,408)
Total reported capital	2,849,465)	1,973,957)	1,686,966)	814,300)	562,408)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	19,814)
Add: Short-term operating lease liabilities²	16,183)	12,728)	10,994)	9,590)	—)
Add: Long-term operating lease liabilities³	46,256)	38,912)	35,194)	30,213)	—)
Adjusted total debt	735,538)	715,558)	647,397)	42,433)	19,814)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	44,153)	27,416)	3,083)	11,837)	13,200)
Add: Allowance for credit losses	3,202)	2,626)	2,886)	2,473)	427)
Add: Deferred revenues	213,577)	169,345)	140,020)	160,797)	75,021)
Add: Warranty obligations	385,057)	265,160)	204,994)	172,563)	121,826)
Add: Non-controlling interests	—)	—)	—)	—)	8,318)
Adjusted total stockholders’ equity	2,734,049)	1,719,754)	1,430,574)	1,135,666)	754,800)
After Adjustment
Adjusted total capital	3,469,587)	2,435,312)	2,077,971)	1,178,099)	774,614)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Short-term operating lease liabilities. See details »

³ Long-term operating lease liabilities. See details »

⁴ Net deferred tax assets (liabilities). See details »

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SolarEdge Technologies Inc., adjusted revenues

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Revenues	3,110,279)	1,963,865)	1,459,271)	1,425,660)	937,237)
Adjustment
Add: Increase (decrease) in deferred revenues	44,232)	29,325)	(20,777)	85,776)	41,009)
After Adjustment
Adjusted revenues	3,154,511)	1,993,190)	1,438,494)	1,511,436)	978,246)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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SolarEdge Technologies Inc., adjusted net income attributable to SolarEdge Technologies, Inc.

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Net income attributable to SolarEdge Technologies, Inc.	93,779)	169,170)	140,322)	146,549)	128,833)
Adjustments
Add: Deferred income tax expense (benefit)¹	(11,054)	(11,638)	(3,434)	(6,037)	(7,093)
Add: Increase (decrease) in allowance for credit losses	576)	(260)	413)	2,046)	299)
Add: Increase (decrease) in deferred revenues	44,232)	29,325)	(20,777)	85,776)	41,009)
Add: Increase (decrease) in warranty obligations	119,897)	60,166)	32,431)	50,737)	43,015)
Add: Other comprehensive income (loss), net of tax	(45,790)	(31,176)	5,666)	(1,285)	87)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	—)	—)	—)	(981)	150)
After Adjustment
Adjusted net income	201,640)	215,587)	154,621)	276,805)	206,300)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Deferred income tax expense (benefit). See details »

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SolarEdge Technologies Inc. (NASDAQ:SEDG)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income