Align Technology, Inc. (ALGN) Financial Statements (2024 and earlier)

Company Profile

Business Address 410 NORTH SCOTTSDALE ROAD, SUITE 1300
TEMPE, AZ 85288
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,007,761884,027999,5841,090,765899,6391,012,868
Cash and cash equivalents951,956832,383942,0501,044,523877,501926,119
Short-term investments55,80551,64457,53446,24222,13886,749
Receivables908,395884,4301,000,169859,629931,854950,892
Inventory, net of allowances, customer advances and progress billings312,736311,885338,752320,903310,046275,669
Inventory312,736311,885338,752320,903310,046275,669
Prepaid expense76,60884,36369,12450,56761,62874,069
Other current assets22,70822,50916,76246,64662,64932,329
Other undisclosed current assets137,248144,668 132,070110,988134,941
Total current assets:2,465,4562,331,8822,424,3912,500,5802,376,8042,480,768
Noncurrent Assets
Operating lease, right-of-use asset125,881117,889118,880116,031117,912125,252
Property, plant and equipment1,279,0421,262,8151,231,8551,199,8801,182,4441,140,922
Long-term investments and receivables26,02337,37941,97850,25677,551107,695
Long-term investments26,02337,37941,97850,25677,551107,695
Intangible assets, net (including goodwill)504,061507,542503,271469,327483,917515,464
Goodwill414,765414,222407,551377,616390,100411,965
Intangible assets, net (excluding goodwill)89,29693,32095,72091,71193,817103,499
Deferred income tax assets1,605,9261,589,6401,571,7461,524,5841,518,6481,515,620
Other noncurrent assets138,16154,30155,82652,14452,84357,693
Total noncurrent assets:3,679,0943,569,5663,523,5563,412,2223,433,3153,462,646
TOTAL ASSETS:6,144,5505,901,4485,947,9475,912,8025,810,1195,943,414
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities710,318627,809582,244660,290714,915651,580
Employee-related liabilities137,754152,849
Accounts payable110,155130,561127,870138,918145,607186,509
Accrued liabilities600,163497,248454,374383,618416,459465,071
Deferred revenue1,396,7471,376,7891,343,6431,286,8671,242,3481,212,067
Other undisclosed current liabilities    (137,754)(152,849) 
Total current liabilities:2,107,0652,004,5981,925,8871,809,4031,804,4141,863,647
Noncurrent Liabilities
Long-term debt and lease obligation:    96,69498,332104,983
Liabilities, other than long-term debt399,184416,801420,702312,083308,292307,932
Accounts payable and accrued liabilities113,309126,541124,393127,059116,414123,476
Other liabilities181,225191,258195,975185,024191,878184,456
Operating lease, liability104,65099,002100,33496,69498,332104,983
Total noncurrent liabilities:399,184416,801420,702408,777406,624412,915
Total liabilities:2,506,2492,421,3992,346,5892,218,1802,211,0382,276,562
Equity
Equity, attributable to parent3,638,3013,480,0493,601,3583,694,6223,599,0813,666,852
Common stock888888
Additional paid in capital1,141,6231,104,6931,044,9461,060,6981,016,882992,287
Accumulated other comprehensive income (loss)11,3431,835(10,284)(40,745)(19,770)(5,713)
Retained earnings2,485,3272,373,5132,566,6882,674,6612,601,9612,680,270
Total equity:3,638,3013,480,0493,601,3583,694,6223,599,0813,666,852
TOTAL LIABILITIES AND EQUITY:6,144,5505,901,4485,947,9475,912,8025,810,1195,943,414

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,002,173943,147901,515890,348969,553973,219
Cost of revenue(288,564)(282,493)(283,814)(271,179)(281,994)(263,873)
Gross profit:713,609660,654617,701619,169687,559709,346
Operating expenses(541,678)(527,138)(505,040)(475,513)(499,363)(511,264)
Operating income:171,931133,516112,661143,656188,196198,082
Nonoperating expense(4,763)(1,229)(100)(22,700)(14,832)(11,273)
Income from continuing operations before equity method investments, income taxes:167,168132,287112,561120,956173,364186,809
Other undisclosed income from continuing operations before income taxes4,4212,3372,7601,685245677
Income from continuing operations before income taxes:171,589134,624115,321122,641173,609187,486
Income tax expense(59,775)(46,826)(73,546)(49,941)(60,809)(53,188)
Income from continuing operations:111,81487,79841,77572,700112,800134,298
Income before gain (loss) on sale of properties:72,700112,800134,298
Net income available to common stockholders, diluted:111,81487,79841,77572,700112,800134,298

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:111,81487,79841,77572,700112,800134,298
Comprehensive income:111,81487,79841,77572,700112,800134,298
Other undisclosed comprehensive income (loss), net of tax, attributable to parent9,50812,11930,461(20,975)(14,057)(10,039)
Comprehensive income, net of tax, attributable to parent:121,32299,91772,23651,72598,743124,259

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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