Align Technology, Inc. (ALGN) financial statements (2020 and earlier)

Company profile

Business Address 2820 ORCHARD PARKWAY
SAN JOSE, CA 95134
State of Incorp. DE
Fiscal Year End December 31
SIC 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments788735722640527455370
Cash and cash equivalents490637450389168200243
Short-term investments29898272251360255127
Restricted cash and investments    44 
Receivables561439323247159130113
Inventory, net of allowances, customer advances and progress billings95563227191614
Inventory95563227191614
Deferred tax assets    37 
Other current assets21      
Other undisclosed current assets40728138231647
Total current assets:1,5061,3021,157953732657545
Noncurrent Assets
Property, plant and equipment6075213491751369076
Long-term investments and receivables 6495105151148102
Long-term investments 6495105151148102
Intangible assets, net (including goodwill)77828982798285
Goodwill 646561616162
Intangible assets, net (excluding goodwill)13182421182124
Other undisclosed intangible assets, net (including goodwill)64     
Other noncurrent assets44273813889
Other undisclosed noncurrent assets11756506851316
Total noncurrent assets:845750621443427331287
TOTAL ASSETS:2,3502,0521,7781,3961,159988832
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities349299231163142163149
Accounts payable63643729342318
Accrued liabilities2862351941341088880
Employee-related liabilities     4543
Taxes payable     77
Deferred revenue and credits2671911309177
Other undisclosed current liabilities521393   (52)(50)
Total current liabilities:870692498354272202175
Noncurrent Liabilities
Liabilities, other than long-term debt29291612323
Other liabilities29291612323
Other undisclosed noncurrent liabilities14578114453830 
Total noncurrent liabilities:17510713046393323
Total liabilities:1,045800627401311235198
Stockholders' equity
Stockholders' equity attributable to parent1,3061,2531,150995848753634
Common stock0000000
Additional paid in capital892878886865822783730
Accumulated other comprehensive income (loss)(2)(3)1(1)(1)(0)0
Retained earnings (accumulated deficit)41537826313127(31)(96)
Total stockholders' equity:1,3061,2531,150995848753634
TOTAL LIABILITIES AND EQUITY:2,3502,0521,7781,3961,159988832

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,2911,9661,4731,080845762660
Revenue, net1,4731,080845762660
Cost of revenue(636)(519)(356)(265)(205)(183)(162)
Gross profit:1,6551,4481,117815640578498
Operating expenses(1,143)(981)(763)(566)(451)(385)(404)
Operating income:51246735424918919494
Nonoperating income (expense)5(8)11(6)(3)(7)(1)
Investment income, nonoperating(16)      
Gain on contract termination7      
Foreign currency transaction loss, before tax     (4) 
Other nonoperating income (expense) (8)11(6)(3)(3)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes129   4 
Income from continuing operations before equity method investments, income taxes:52946736524318619093
Loss from equity method investments(10)(9)(3)(2)   
Income from continuing operations before income taxes:51945836224118619093
Income tax expense(100)(58)(130)(51)(42)(45)(29)
Net income available to common stockholders, diluted:41940023119014414664

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:41940023119014414664
Other comprehensive income1      
Other undisclosed comprehensive income1      
Comprehensive income:42140023119014414664
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)(3)20(1)(0)0
Comprehensive income, net of tax, attributable to parent:41839723319014314564

Statements sources

The financial statements are based on the company's filings with the 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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