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SOLAREDGE TECHNOLOGIES, INC. (SEDG)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Jun-30-16Jun-30-15
   10-K10-K10-K10-K10-K/A10-K10-K10-K
Revenues:  
    Italy  330.6181.674.6     
    Communication  72.824.141.8     
    e-Mobility components and telematics  94.468.913.4     
    Residential batteries  429.119.5      
    Other  596.2757.3650.4     
Total revenues  1,523.21,051.5780.2768.7499.1338.4232.2135.3
            Revenue growth   [+]44.9%34.8%1.5%54.0%47.5% 71.6%1.6%
Cost of goods sold  0.00.00.00.00.00.00.00.0
Gross profit  1,523.21,051.5780.2768.7499.1338.4232.2135.3
            Gross margin  100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%
Selling, general and administrative   [+]159.7119.096.088.068.350.034.825.0
Research and development          
Other operating expenses  1,275.7765.2541.6513.5295.9179.0124.692.3
EBITDA   [+]137.4206.8174.4194.2147.4116.476.520.3
            EBITDA margin  9.0%19.7%22.4%25.3%29.5%34.4%32.9%15.0%
Depreciation  40.629.422.417.311.46.93.72.3
EBITA  96.9177.5152.0176.9136.0109.572.818.0
            EBITA margin  6.4%16.9%19.5%23.0%27.3%32.4%31.4%13.3%
Amortization of intangibles  9.110.29.59.61.20.10.1 
EBIT   [+]87.8167.3142.6167.3134.8109.472.718.0
            EBIT margin  5.8%15.9%18.3%21.8%27.0%32.3%31.3%13.3%
Non-recurring items   [+]-92.7       
Interest expense, net   [+]-1.4-0.2-0.1     
Other income (expense), net  -4.719.721.016.14.8-9.2-0.55.4
Pre-tax income  177.2187.2163.7178.6137.1100.272.223.1
Income taxes  83.418.123.333.69.116.1-4.42.0
            Tax rate  47.1%9.6%14.3%18.8%6.6%16.0% 8.5%
Net income  93.8169.2140.3145.0128.084.276.621.1
            Net margin  6.2%16.1%18.0%18.9%25.7%24.9%33.0%15.6%
   
Basic EPS   [+]$1.70$3.24$2.79$3.03$2.83$1.99$1.92$1.77
Diluted EPS   [+]$1.61$3.02$2.66$2.89$2.67$1.85$1.73$1.38
   
Shares outstanding (basic)   [+]55.152.250.247.945.242.240.011.9
Shares outstanding (diluted)   [+]58.156.052.850.248.045.444.415.3
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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