Align Technology, Inc. (ALGN) financial statements (2022 and earlier)

Company profile

Business Address 410 NORTH SCOTTSDALE ROAD, SUITE 1300
TEMPE, AZ 85281
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,171961869735722640527
Cash and cash equivalents1,099961550637450389168
Short-term investments72 31898272251360
Restricted cash and investments      4
Receivables897663600439323247159
Inventory, net of allowances, customer advances and progress billings23013911256322719
Inventory23013911256322719
Prepaid expense70      
Other current assets125214    
Other undisclosed current assets 654872813823
Total current assets:2,4941,8501,6331,3021,157953732
Noncurrent Assets
Operating lease, right-of-use asset12183 
Property, plant and equipment1,082735632521349175136
Long-term investments and receivables125  6495105151
Long-term investments125  6495105151
Intangible assets, net (including goodwill)5285757682898279
Goodwill4194456464656161
Intangible assets, net (excluding goodwill)1101301218242118
Deferred income tax assets1,5341,553 
Other noncurrent assets5835402738138
Other undisclosed noncurrent assets  12056506851
Total noncurrent assets:3,4482,980867750621443427
TOTAL ASSETS:5,9424,8302,5012,0521,7781,3961,159
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities771548407299231163142
Accounts payable1641428764372934
Accrued liabilities607406320235194134108
Deferred revenue1,153778 
Deferred revenue and credits267191130
Other undisclosed current liabilities  564393   
Total current liabilities:1,9241,326971692498354272
Noncurrent Liabilities
Long-term debt and lease obligation10364     
Operating lease, liability10364 
Liabilities, other than long-term debt29320637291612
Accounts payable and accrued liabilities118106     
Other liabilities17510037291612
Other undisclosed noncurrent liabilities  146781144538
Total noncurrent liabilities:3952701841071304639
Total liabilities:2,3191,5961,155800627401311
Stockholders' equity
Stockholders' equity attributable to parent3,6233,2341,3461,2531,150995848
Common stock0000000
Additional paid in capital999975907878886865822
Accumulated other comprehensive income (loss)444(1)(3)1(1)(1)
Retained earnings2,6192,21644037826313127
Total stockholders' equity:3,6233,2341,3461,2531,150995848
TOTAL LIABILITIES AND EQUITY:5,9424,8302,5012,0521,7781,3961,159

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,9532,4722,4071,9661,4731,080845
Revenue, net1,4731,080845
Cost of revenue(1,017)(709)(663)(519)(356)(265)(205)
Gross profit:2,9351,7631,7441,4481,117815640
Operating expenses(1,959)(1,376)(1,201)(981)(763)(566)(451)
Operating income:976387542467354249189
Nonoperating income (expense)33(11)8(8)11(6)(3)
Foreign currency transaction gain (loss), before tax(13)7     
Other nonoperating income (expense)  8(8)11(6)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes33129   
Income from continuing operations before equity method investments, income taxes:1,012379563467365243186
Loss from equity method investments  (8)(9)(3)(2) 
Income from continuing operations before income taxes:1,012379555458362241186
Income tax expense (benefit)(240)1,397(112)(58)(130)(51)(42)
Net income available to common stockholders, diluted:7721,776443400231190144

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:7721,776443400231190144
Comprehensive income:7721,776443400231190144
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(39)442(3)20(1)
Comprehensive income, net of tax, attributable to parent:7331,820445397233190143

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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