Balance Sheet: Assets

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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

SolarEdge Technologies Inc., consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Cash and cash equivalents	783,112)	530,089)	827,146)	223,901)	191,633)
Marketable securities	241,117)	167,728)	143,687)	91,845)	118,680)
Trade receivables, net of allowances	905,146)	456,339)	218,706)	298,383)	173,579)
Inventories, net	729,201)	380,143)	331,696)	170,798)	141,519)
Vendor non-trade receivables	147,597)	71,041)	56,617)	83,917)	28,284)
Government authorities	55,670)	63,440)	50,041)	16,434)	5,751)
Bank deposits	—)	—)	60,096)	5,010)	6,001)
Prepaid expenses and other	37,815)	42,511)	31,352)	42,475)	12,666)
Prepaid expenses and other current assets	241,082)	176,992)	198,106)	147,836)	52,702)
Current assets	2,899,658)	1,711,291)	1,719,341)	932,763)	678,113)
Marketable securities	645,491)	482,228)	147,434)	119,176)	74,256)
Deferred tax assets, net	44,153)	27,572)	11,676)	16,298)	14,699)
Property, plant and equipment, net	543,969)	410,379)	303,408)	176,963)	119,329)
Operating lease right-of-use assets, net	62,754)	47,137)	41,600)	35,858)	—)
Intangible assets, net	19,929)	58,861)	67,818)	74,008)	38,504)
Goodwill	31,189)	129,629)	140,479)	129,654)	34,874)
Other long-term assets	18,806)	24,963)	5,353)	9,904)	4,697)
Long-term assets	1,366,291)	1,180,769)	717,768)	561,861)	286,359)
Total assets	4,265,949)	2,892,060)	2,437,109)	1,494,624)	964,472)

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).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	SolarEdge Technologies Inc. current assets decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	SolarEdge Technologies Inc. property, plant and equipment, net increased from 2020 to 2021 and from 2021 to 2022.
Long-term assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	SolarEdge Technologies Inc. long-term assets increased from 2020 to 2021 and from 2021 to 2022.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	SolarEdge Technologies Inc. total assets increased from 2020 to 2021 and from 2021 to 2022.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	SolarEdge Technologies Inc. cash and cash equivalents decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level.
Marketable securities	Amount of investment in marketable security, classified as current.	SolarEdge Technologies Inc. marketable securities increased from 2020 to 2021 and from 2021 to 2022.
Trade receivables, net of allowances	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	SolarEdge Technologies Inc. trade receivables, net of allowances increased from 2020 to 2021 and from 2021 to 2022.
Inventories, net	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	SolarEdge Technologies Inc. inventories, net increased from 2020 to 2021 and from 2021 to 2022.

SolarEdge Technologies Inc. (NASDAQ:SEDG)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items