Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

SolarEdge Technologies Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Trade payables, net	459,831)	252,068)	162,051)	157,148)	107,079)
Employees and payroll accruals	85,158)	74,465)	63,738)	47,390)	29,053)
Warranty obligations	103,975)	71,480)	62,614)	65,112)	28,868)
Deferred revenues and customers advances	26,641)	17,789)	24,648)	70,815)	14,351)
Accrued expenses	117,638)	51,014)	47,757)	36,158)	14,859)
Government authorities	67,514)	22,631)	26,218)	27,191)	11,344)
Short-term finance lease liabilities	3,263)	1,875)	1,686)	231)	—)
Short-term operating lease liabilities	16,183)	12,728)	10,994)	9,590)	—)
Accrual for sales incentives	6,790)	—)	—)	—)	—)
Provision for legal claims	43)	11,622)	5,866)	—)	—)
Other	2,681)	9,509)	30,527)	23,079)	20,164)
Accrued expenses and other current liabilities	214,112)	109,379)	123,048)	96,249)	46,367)
Current liabilities	889,717)	525,181)	436,099)	436,714)	225,718)
Convertible senior notes, net	624,451)	621,535)	573,350)	—)	—)
Warranty obligations	281,082)	193,680)	142,380)	107,451)	92,958)
Deferred revenues	186,936)	151,556)	115,372)	89,982)	60,670)
Long-term finance lease liabilities	45,385)	40,508)	26,173)	2,399)	—)
Long-term operating lease liabilities	46,256)	38,912)	35,194)	30,213)	—)
Tax liabilities	3,830)	5,105)	5,062)	5,389)	7,147)
Accrued severance pay	9,848)	1,739)	1,561)	4,647)	411)
Other	2,078)	3,805)	16,161)	6,159)	6,842)
Other long-term liabilities	15,756)	10,649)	22,784)	16,195)	14,400)
Long-term liabilities	1,199,866)	1,056,840)	915,253)	246,240)	168,028)
Total liabilities	2,089,583)	1,582,021)	1,351,352)	682,954)	393,746)
Common stock of $0.0001 par value	6)	5)	5)	5)	5)
Additional paid-in capital	1,505,632)	687,295)	603,891)	475,792)	371,794)
Accumulated other comprehensive income (loss)	(73,109)	(27,319)	3,857)	(1,809)	(524)
Retained earnings	743,837)	650,058)	478,004)	337,682)	191,133)
Total SolarEdge Technologies, Inc. stockholders’ equity	2,176,366)	1,310,039)	1,085,757)	811,670)	562,408)
Non-controlling interests	—)	—)	—)	—)	8,318)
Total stockholders’ equity	2,176,366)	1,310,039)	1,085,757)	811,670)	570,726)
Total liabilities and stockholders’ equity	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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	SolarEdge Technologies Inc. current liabilities increased from 2020 to 2021 and from 2021 to 2022.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	SolarEdge Technologies Inc. long-term liabilities increased from 2020 to 2021 and from 2021 to 2022.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	SolarEdge Technologies Inc. total liabilities increased from 2020 to 2021 and from 2021 to 2022.
Total SolarEdge Technologies, Inc. stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	SolarEdge Technologies Inc. total SolarEdge Technologies, Inc. stockholders’ equity increased from 2020 to 2021 and from 2021 to 2022.

SolarEdge Technologies Inc. (NASDAQ:SEDG)

Balance Sheet: Liabilities and Stockholders’ Equity