XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 176,575 $ 187,764
Short-term bank deposit 5,961 9,870
Restricted bank deposits 1,060 824
Marketable securities 109,610 118,680
Trade receivables, net 237,804 173,579
Prepaid expenses and other assets 50,642 45,073
Inventories, net 148,892 141,519
Total current assets 730,544 677,309
LONG-TERM ASSETS:    
Marketable securities 79,616 74,256
Operating lease right-of-use assets 36,788  
Property, plant and equipment, net 140,200 119,329
Deferred tax assets, net 14,751 14,699
Intangible assets, net and goodwill 211,340 73,378
Other long term assets 8,455 5,501
Total long term assets 491,150 287,163
Total assets 1,221,694 964,472
CURRENT LIABILITIES:    
Trade payables, net 116,795 107,079
Employees and payroll accruals 34,555 29,053
Current maturities of bank loans and accrued interest 16,454 16,639
Warranty obligations 38,819 28,868
Deferred revenues 15,708 14,351
Accrued expenses and other liabilities 71,447 29,728
Total current liabilities 293,778 225,718
LONG-TERM LIABILITIES:    
Bank loans 5,519 3,510
Warranty obligations 111,819 92,958
Deferred revenues 73,796 60,670
Operating lease liabilities 30,009
Deferred tax liabilities, net 8,663 1,499
Other long term liabilities 18,062 9,391
Total long-term liabilities 247,868 168,028
COMMITMENTS AND CONTINGENT LIABILITIES
STOCKHOLDERS' EQUITY:    
Common stock of $0.0001 par value - Authorized: 125,000,000 shares as of June 30, 2019 (unaudited) and December 31, 2018; issued and outstanding: 47,967,425 and 46,052,802 shares as of June 30, 2019 (unaudited) and December 31, 2018, respectively 5 5
Additional paid-in capital 431,684 371,794
Accumulated other comprehensive loss (895) (524)
Retained earnings 243,277 191,133
Total SolarEdge Technologies, Inc. stockholders' equity 674,071 562,408
Non-controlling interests 5,977 8,318
Total stockholders' equity 680,048 570,726
Total liabilities and stockholders' equity $ 1,221,694 $ 964,472