Align Technology, Inc. (ALGN) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments961869735722640527455
Cash and cash equivalents961550637450389168200
Short-term investments 31898272251360255
Restricted cash and investments     44
Receivables663600439323247159130
Inventory, net of allowances, customer advances and progress billings1391125632271916
Inventory1391125632271916
Deferred tax assets    37
Other current assets214     
Other undisclosed current assets65487281382316
Total current assets:1,8501,6331,3021,157953732657
Noncurrent Assets
Operating lease, right-of-use asset83 
Property, plant and equipment73563252134917513690
Long-term investments and receivables  6495105151148
Long-term investments  6495105151148
Intangible assets, net (including goodwill)575768289827982
Goodwill445646465616161
Intangible assets, net (excluding goodwill)130121824211821
Deferred income tax assets1,553 
Other noncurrent assets354027381388
Other undisclosed noncurrent assets 120565068513
Total noncurrent assets:2,980867750621443427331
TOTAL ASSETS:4,8302,5012,0521,7781,3961,159988
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities548407299231163142163
Accounts payable142876437293423
Accrued liabilities40632023519413410888
Employee-related liabilities      45
Taxes payable      7
Deferred revenue778 
Deferred revenue and credits26719113091
Other undisclosed current liabilities 564393   (52)
Total current liabilities:1,326971692498354272202
Noncurrent Liabilities
Long-term debt and lease obligation64      
Operating lease, liability64 
Liabilities, other than long-term debt206372916123
Accounts payable and accrued liabilities106      
Other liabilities100372916123
Other undisclosed noncurrent liabilities 14678114453830
Total noncurrent liabilities:270184107130463933
Total liabilities:1,5961,155800627401311235
Stockholders' equity
Stockholders' equity attributable to parent3,2341,3461,2531,150995848753
Common stock0000000
Additional paid in capital975907878886865822783
Accumulated other comprehensive income (loss)44(1)(3)1(1)(1)(0)
Retained earnings (accumulated deficit)2,21644037826313127(31)
Total stockholders' equity:3,2341,3461,2531,150995848753
TOTAL LIABILITIES AND EQUITY:4,8302,5012,0521,7781,3961,159988

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,4722,4071,9661,4731,080845762
Revenue, net1,4731,080845762
Cost of revenue(709)(663)(519)(356)(265)(205)(183)
Gross profit:1,7631,7441,4481,117815640578
Operating expenses(1,376)(1,201)(981)(763)(566)(451)(385)
Operating income:387542467354249189194
Nonoperating income (expense)(11)8(8)11(6)(3)(7)
Foreign currency transaction gain (loss), before tax7     (4)
Other nonoperating income (expense) 8(8)11(6)(3)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes3129   4
Income from continuing operations before equity method investments, income taxes:379563467365243186190
Loss from equity method investments (8)(9)(3)(2)  
Income from continuing operations before income taxes:379555458362241186190
Income tax expense (benefit)1,397(112)(58)(130)(51)(42)(45)
Net income available to common stockholders, diluted:1,776443400231190144146

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,776443400231190144146
Comprehensive income:1,776443400231190144146
Other undisclosed comprehensive income (loss), net of tax, attributable to parent442(3)20(1)(0)
Comprehensive income, net of tax, attributable to parent:1,820445397233190143145

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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