Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in thousands

	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Cash and cash equivalents	783,112)	678,329)	745,534)	1,002,772)	530,089)	526,588)	524,112)	685,157)	827,146)	1,048,109)	428,372)	324,072)	223,901)	247,342)	176,575)	226,478)	191,633)	192,876)	214,540)	229,219)
Marketable securities	241,117)	202,598)	150,259)	158,557)	167,728)	145,459)	145,686)	139,079)	143,687)	110,585)	113,032)	95,143)	91,845)	85,343)	109,610)	107,064)	118,680)	148,252)	134,821)	81,229)
Trade receivables, net of allowances	905,146)	785,325)	669,100)	676,820)	456,339)	416,244)	343,652)	271,713)	218,706)	183,141)	181,700)	235,673)	298,383)	292,232)	237,804)	187,496)	173,579)	151,088)	118,103)	127,479)
Inventories, net	729,201)	561,352)	470,272)	432,504)	380,143)	304,713)	321,915)	340,038)	331,696)	297,027)	264,460)	198,557)	170,798)	134,283)	148,892)	150,798)	141,519)	107,179)	102,014)	98,363)
Prepaid expenses and other current assets	241,082)	224,169)	248,643)	191,664)	176,992)	159,550)	153,546)	149,120)	198,106)	106,119)	85,434)	102,474)	147,836)	75,603)	57,663)	45,696)	52,702)	56,258)	46,569)	34,922)
Current assets	2,899,658)	2,451,773)	2,283,808)	2,462,317)	1,711,291)	1,552,554)	1,488,911)	1,585,107)	1,719,341)	1,744,981)	1,072,998)	955,919)	932,763)	834,803)	730,544)	717,532)	678,113)	655,653)	616,047)	571,212)
Marketable securities	645,491)	688,753)	709,571)	449,673)	482,228)	473,315)	457,362)	294,828)	147,434)	21,003)	45,684)	103,863)	119,176)	92,871)	79,616)	57,252)	74,256)	102,240)	86,144)	88,554)
Deferred tax assets, net	44,153)	38,268)	33,400)	31,205)	27,572)	21,827)	19,962)	17,353)	11,676)	10,678)	19,121)	17,095)	16,298)	17,180)	14,751)	14,589)	14,699)	13,218)	11,551)	9,847)
Property, plant and equipment, net	543,969)	491,433)	489,109)	473,511)	410,379)	353,344)	340,319)	312,214)	303,408)	257,717)	226,416)	195,982)	176,963)	149,675)	140,200)	132,988)	119,329)	73,415)	68,532)	61,161)
Operating lease right-of-use assets, net	62,754)	62,535)	58,375)	59,783)	47,137)	39,314)	38,302)	39,804)	41,600)	36,965)	36,951)	37,896)	35,858)	34,601)	36,788)	30,839)	—)	—)	—)	—)
Intangible assets, net	19,929)	46,286)	50,372)	55,734)	58,861)	61,639)	61,855)	64,196)	67,818)	68,122)	68,211)	69,111)	74,008)	168,203)	177,679)	177,224)	38,504)	3,762)	—)	—)
Goodwill	31,189)	108,860)	116,173)	127,109)	129,629)	131,757)	135,981)	134,620)	140,479)	133,221)	128,279)	125,520)	129,654)	32,592)	33,661)	34,196)	34,874)	2,782)	—)	—)
Other long-term assets	18,806)	15,638)	31,970)	23,583)	24,963)	23,083)	21,633)	16,473)	5,353)	5,609)	8,166)	8,454)	9,904)	7,667)	8,455)	12,303)	4,697)	1,108)	956)	787)
Long-term assets	1,366,291)	1,451,773)	1,488,970)	1,220,598)	1,180,769)	1,104,279)	1,075,414)	879,488)	717,768)	533,315)	532,828)	557,921)	561,861)	502,789)	491,150)	459,391)	286,359)	196,525)	167,183)	160,349)
Total assets	4,265,949)	3,903,546)	3,772,778)	3,682,915)	2,892,060)	2,656,833)	2,564,325)	2,464,595)	2,437,109)	2,278,296)	1,605,826)	1,513,840)	1,494,624)	1,337,592)	1,221,694)	1,176,923)	964,472)	852,178)	783,230)	731,561)

Cash and Cash Equivalents: The cash and cash equivalents exhibit notable fluctuations over the analyzed period. Starting near 229 million USD at the end of Q1 2018, values declined slightly in mid-2018 and increased substantially towards late 2020, peaking above 1 billion USD in Q3 2020. This peak was followed by a decline through 2021, then a recovery in 2022, ending at around 783 million USD. The pattern suggests significant cash management activities and possible liquidity adjustments influenced by operational or investment decisions.
Marketable Securities: Marketable securities display two sets of values likely indicating different categories or reconciliations. One set generally ranges between 80 million and 241 million USD with an upward trend since mid-2021. The other category shows a rise from approximately 57 million USD in Q1 2019 to over 482 million USD by the end of 2021, followed by some volatility but remaining elevated throughout 2022. This growth indicates increased investment in liquid securities or changes in investment strategy.
Trade Receivables, Net: Trade receivables present a clear upward trajectory beginning from roughly 127 million USD at Q1 2018 to an excess of 905 million USD by Q1 2023. This consistent increase over the five-year span implies growing sales activity or extended customer credit terms, which could impact working capital management and collection efficiency.
Inventories, Net: Inventories exhibit a progressive increase from approximately 98 million USD in early 2018 to a substantial 729 million USD by the start of 2023. The consistent rise indicates accumulation of stock potentially due to higher production, anticipation of demand growth, or slower inventory turnover, suggesting possible changes in operational dynamics or supply chain considerations.
Prepaid Expenses and Other Current Assets: These assets increased notably in late 2018 and again towards the end of 2020, peaking just below 250 million USD in 2022. The growth reflects increased prepayments or timing differences in expenses recognition, which may affect short-term liquidity and expense management.
Current Assets: Current assets rose steadily from approximately 571 million USD in early 2018 to nearly 2.9 billion USD by the end of 2022. The expansion in current assets corresponds with the increases observed in cash, receivables, inventories, and other current assets, indicating overall growth in short-term resource availability and operational scale.
Deferred Tax Assets, Net: Deferred tax assets show a gradual increase from under 10 million USD in early 2018 to over 44 million USD by early 2023, representing enhanced tax benefit recognition possibly related to timing differences or carryforward attributes.
Property, Plant, and Equipment, Net: There is a steady and marked appreciation in net property, plant, and equipment, from around 61 million USD at the beginning of 2018 to over 543 million USD by 2023, reflecting ongoing capital expenditures and asset base expansion supporting operational capacity growth.
Operating Lease Right-of-Use Assets, Net: Introduced in late 2018 data, these assets show moderate growth from around 31 million USD to about 63 million USD by the end of 2022, indicating the adoption and expansion of operating leases in the company’s asset structure.
Intangible Assets, Net: Intangible assets experienced volatility, peaking significantly in early 2019 at over 177 million USD before a progressive decline to under 20 million USD by 2023. This downward trend may be due to amortization or impairment, suggesting a decrease in intangible asset value over time.
Goodwill: Goodwill shows elevated values starting near 3 million USD in mid-2018, peaking over 140 million USD in late 2020, then steadily decreasing to about 31 million USD by early 2023. The reduction implies possible impairment or divestiture of segments previously contributing goodwill.
Other Long-Term Assets: These assets remain relatively stable but fluctuate between roughly 0.8 million and 31 million USD, showing no evident strong trend, indicating steady but modest changes in other long-term asset components.
Long-Term Assets: Long-term assets grow significantly from approximately 160 million USD in early 2018 to over 1.36 billion USD in early 2023. This increase is driven primarily by additions to fixed assets and acquisitions supporting long-term investments and capacity enhancement.
Total Assets: Total assets demonstrate consistent growth throughout the period, from about 731 million USD in early 2018 to roughly 4.27 billion USD by early 2023. This 5.8-fold increase evidences substantial expansion in the overall asset base, indicating significant company growth, likely fueled by increased operational scale, investments, and accumulated earnings.

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SolarEdge Technologies Inc. (NASDAQ:SEDG)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data