Solaredge Technologies (SEDG) FY2022 results: revenue $3.1 billion, up 58.4% on the year
Solaredge Technologies, Inc. (SEDG) reported revenue of $3.1 billion for fiscal 2022, the year ended 31 December 2022, up 58.4% on the year before. Net income was $442 million, up 161.1%, and diluted earnings per share $1.65. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$3.1 billion
+58.4% on the year
FY2017FY2022
Operating margin
5.3%
10.5% a year earlier
FY2017FY2022
Net income
$442 million
+161.1% on the year
FY2017FY2022
Diluted EPS
$1.65
-46.1% on the year
FY2017FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
31.3
214
223
-85.4%
Capital expenditure
169
149
127
+13.5%
Free cash flow
-138
64.9
95.9
Free cash flow margin
-4.4%
3.3%
6.6%
Cash from investing
-417
-484
-237
Cash from financing
655
-15.2
640
Depreciation and amortisation
49.7
39.5
31.8
+25.7%
Share-based compensation
146
103
67.3
+41.9%
Buybacks
0.0
n/a
n/a
Diluted shares, weighted
58m
56m
53m
+3.8%
Shares outstanding at period end
56m
53m
52m
+6.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,176
1,310
1,086
+66.1%
Debt
624
622
590
+0.5%
Operating lease liabilities
46.3
38.9
35.2
+18.9%
Finance lease liabilities
45.4
40.5
26.2
+12.0%
Other liabilities
1,373
890
700
+54.3%
Total liabilities and equity
4,266
2,901
2,437
+47.1%
Fixed assets
544
410
303
+32.6%
Goodwill
31.2
130
140
-75.9%
Intangible assets
19.9
58.9
67.8
-66.1%
Investments
887
650
291
+36.4%
Cash and equivalents
783
530
827
+47.7%
Receivables
905
456
219
+98.3%
Inventory
729
380
332
+91.8%
Other assets
367
286
257
+28.4%
Total assets
4,266
2,901
2,437
+47.1%
10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.