← ALIGN TECHNOLOGY INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $189.7m |
$231.4m
+22.00%
|
$400.2m
+72.95%
|
$442.8m
+10.63%
|
$1.8b
+301.08%
|
$772.0m
-56.53%
|
$361.6m
-53.17%
|
$445.1m
+23.09%
|
$421.4m
-5.32%
|
$410.4m
-2.61%
|
— | |
| Depreciation, Depletion and Amortization | $24.0m | $37.7m | $54.7m | $79.0m | $93.5m | $108.7m | $125.8m | $142.4m | $145.0m | $237.4m | $254.4m | |
| Depreciation | $24.0m | $37.7m | $54.7m | $79.0m | $93.5m | $92.1m | $109.8m | $126.0m | $126.2m | $218.6m | $254.4m | |
| Amortization of Intangible Assets | — | — | $6.0m | $5.9m | $13.4m | $16.6m | $16.0m | $16.4m | $18.9m | $18.8m | — | |
| Deferred Income Tax Expense (Benefit) | ($16.4m) | $17.6m | ($15.7m) | $307k | ($1.5b) | $15.5m | ($39.5m) | ($18.6m) | $25.8m | $33.1m | $65.3m | |
| Share-based Payment Arrangement, Noncash Expense | $54.1m | $58.9m | $70.8m | $88.2m | $98.4m | $114.3m | $133.4m | $154.0m | $173.7m | $185.9m | $179.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $29.9m | $46.2m | $86.1m | $57.7m | $51.1m | $108.9m | $52.8m | $22.6m | $28.1m | $20.4m | — | |
| Share-based Payment Arrangement, Expense | $54.1m | $58.9m | $70.8m | $88.2m | $98.4m | $114.3m | $133.4m | $154.0m | $173.7m | $185.9m | $179.1m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | $5.9m | — | $0 | $5.0m | ($5.9m) | ($18.1m) | — | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | — | — | ($23.0m) | $0 | $0 | — | $0 | $0 | $23.1m | — | |
| Goodwill, Impairment Loss | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.1m | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | $15.8m | $0 | $0 | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | ($1.7m) | ($3.2m) | ($8.7m) | ($7.5m) | $0 | $0 | — | — | — | — | — | |
| Nonoperating Income (Expense) | — | — | — | — | ($11.3m) | $32.9m | ($48.9m) | ($19.4m) | ($18.9m) | $23.5m | — | |
| Other Nonoperating Income (Expense) | ($6.4m) | $11.2m | ($8.5m) | $7.7m | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $94.4m | $91.0m | $109.2m | $121.0m | $139.8m | $262.1m | ($21.5m) | $104.6m | $153.5m | $139.9m | ($90.5m) | |
| Increase (Decrease) in Inventories | $7.7m | $5.5m | $24.1m | $58.3m | $29.1m | $112.5m | $130.1m | ($30.2m) | ($25.1m) | ($808k) | ($2.1m) | |
| Inventory Write-down | — | — | — | — | — | — | — | — | — | $14.9m | — | |
| Increase (Decrease) in Accounts Payable | ($3.4m) | $8.2m | $25.0m | $22.1m | $52.2m | $19.7m | ($36.5m) | ($7.7m) | ($843k) | $5.3m | $2.6m | |
| Net Cash Provided by (Used in) Operating Activities | $247.7m |
$438.5m
+77.08%
|
$554.7m
+26.48%
|
$747.3m
+34.72%
|
$662.2m
-11.39%
|
$1.2b
+77.07%
|
$568.7m
-51.50%
|
$785.8m
+38.16%
|
$738.2m
-6.05%
|
$593.2m
-19.64%
|
$755.7m
+27.39%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $70.6m | $195.7m | $223.3m | $149.7m | $154.9m | $401.1m | $291.9m | $177.7m | $115.6m | $102.4m | ($122.1m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | — | — | $42.6m | $498k | $23.8m | $55.2m | $25.7m | $0 | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $9.0m | $0 | $0 | $420.8m | $8.0m | $12.3m | $0 | $77.1m | $0 | ($119.5m) | |
| Payments for (Proceeds from) Other Investing Activities | $8.2m | ($567k) | ($765k) | $14.7m | ($1.2m) | $5.0m | $2.2m | ($278k) | ($235k) | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | $72.8m | ($248.3m) | $6.9m | ($350.4m) | ($231.5m) | ($563.4m) | ($213.3m) | ($195.9m) | ($254.9m) | ($112.4m) | ($269.4m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | $96.2m | $103.8m | $300.0m | $400.0m | $0 | $375.0m | $435.0m | $592.4m | $352.9m | $465.9m | — | |
| Proceeds from Issuance of Common Stock | $13.8m | $14.5m | $16.6m | $17.9m | $20.3m | $25.6m | $26.1m | $26.6m | $25.3m | $21.7m | $19.6m | |
| Net Cash Provided by (Used in) Financing Activities | ($95.5m) |
($135.5m)
-41.85%
|
($369.4m)
-172.65%
|
($485.5m)
-31.43%
|
($30.8m)
+93.65%
|
($458.3m)
-1387.70%
|
($501.7m)
-9.46%
|
($598.3m)
-19.27%
|
($355.7m)
+40.55%
|
($464.6m)
-30.60%
|
($277.1m)
+40.35%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($3.4m) | $5.5m | $187.4m | ($86.4m) | $410.3m | $138.7m | ($157.8m) | ($3.8m) | $106.4m | $51.2m | $1.1b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($3.4m) | $5.5m | $637.6m | $551.1m | $961.5m | $1.1b | $942.4m | $938.5m | $1.0b | $1.1b | $1.1b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($3.4m) | $5.5m | ($4.7m) | $2.3m | $10.5m | ($12.1m) | ($11.5m) | $4.7m | ($21.2m) | $35.0m | ($7.5m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, Net | ($29.9m) | ($46.2m) | ($86.1m) | ($57.7m) | ($51.1m) | ($108.9m) | ($52.8m) | ($22.6m) | ($28.1m) | $134.8m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), Realized | ($8.0m) | $9.0m | ($5.6m) | ($2.0m) | $6.8m | ($13.3m) | ($43.8m) | ($7.0m) | ($21.0m) | $11.3m | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | $0 | $0 | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | $51.0m | $0 | $0 | $0 | $0 | ($31.0m) | ($4.2m) | — | |
| Goodwill | $61.0m | $64.6m | $64.0m | $63.9m | $444.8m | $418.5m | $407.6m | $419.5m | $442.6m | $491.8m | $5.1m | |
| Income Tax Expense (Benefit) | $51.2m | $130.2m | $57.7m | $112.3m | ($1.4b) | $240.4m | $237.5m | $196.2m | $187.6m | $174.9m | — | |
| Operating Expenses | $566.4m | $763.3m | $981.3m | $1.2b | $1.4b | $2.0b | $2.0b | $2.1b | $2.2b | $2.2b | — | |
| Operating Lease, Lease Income | — | — | — | — | — | — | $12.3m | $16.6m | $21.7m | $28.8m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.