Align technology inc (ALGN)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
ASSETS
Current assets:
Cash and cash equivalents

790,696

550,425

490,362

423,500

588,001

636,899

420,860

547,993

498,003

449,511

362,613

358,182

261,027

389,275

419,948

167,706

154,418

167,714

174,040

161,753

189,978

199,871

180,676

167,471

182,766

242,953

175,839

164,497

328,745

306,386

304,907

262,799

224,361

240,675

202,229

168,607

308,608

294,664

264,924

235,801

166,487

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

516

508

-

1,564

1,178

4,023

4,026

-

-

7,991

-

-

-

-

Short-term investments:

0

318,202

292,011

297,422

144,540

98,460

184,297

164,629

164,740

272,031

316,454

243,786

284,559

250,981

193,018

404,107

393,660

359,581

310,715

276,789

254,823

254,787

244,820

198,059

183,677

127,040

147,740

113,933

37,975

28,485

23,142

20,752

16,018

7,395

8,185

6,755

8,328

8,615

7,396

8,998

19,978

Equity method investments

-

-

-

-

41,969

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net of allowance for doubtful accounts of $11,057 and $6,756, respectively

533,004

550,291

531,816

520,094

479,281

439,009

420,276

374,371

361,459

324,189

321,328

291,694

267,128

247,415

244,992

192,660

178,000

158,550

148,395

146,466

138,159

129,751

130,047

131,028

126,183

113,250

109,179

112,367

108,672

98,992

105,902

102,149

94,441

91,537

86,648

82,130

73,904

65,430

63,811

62,930

54,537

Inventories

120,977

112,051

94,795

81,124

68,489

55,641

48,858

47,252

35,866

31,688

36,941

35,133

35,174

27,131

26,341

22,992

22,618

19,465

18,939

16,415

14,572

15,928

15,983

13,115

15,840

13,968

14,662

15,704

15,442

15,122

15,137

14,623

13,434

9,402

8,278

6,272

2,867

2,544

2,382

2,487

2,046

Prepaid expenses and other current assets

131,848

102,450

96,595

135,234

116,833

72,470

149,891

126,754

108,708

80,948

63,667

74,427

70,279

38,176

27,469

37,942

34,307

26,700

29,554

26,511

29,869

19,770

44,146

44,839

43,711

18,829

34,839

35,076

35,989

36,808

33,594

33,634

33,219

31,781

21,794

22,809

16,243

17,358

19,429

20,881

18,251

Deferred Tax Assets, Net, Current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,090

29,972

29,911

37,053

-

-

-

28,636

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

1,576,525

1,633,419

1,505,579

1,457,374

1,439,113

1,302,479

1,224,182

1,260,999

1,168,776

1,158,367

1,101,003

1,003,222

918,167

952,978

911,768

825,407

783,003

732,010

711,733

657,906

657,312

657,160

615,672

554,512

552,177

544,676

482,259

442,093

527,331

485,793

484,246

435,135

385,496

384,816

327,134

286,573

417,941

388,611

357,942

331,097

261,299

Marketable securities, long-term

-

-

0

44,969

0

9,112

8,091

8,061

10,212

39,948

58,842

74,619

98,574

59,783

62,820

113,158

132,690

151,370

145,246

158,161

168,171

147,892

136,017

137,148

138,929

101,978

76,836

62,885

10,680

21,252

20,802

20,475

16,804

0

677

4,112

5,615

9,089

7,829

-

0

Property, plant and equipment, net

663,491

631,730

606,581

599,611

575,267

521,329

491,630

447,933

400,528

348,793

295,901

255,539

231,692

175,167

172,658

161,685

148,029

136,473

120,738

108,029

99,764

90,125

86,447

81,312

79,093

75,743

76,552

76,932

72,672

79,191

75,248

72,207

62,912

53,965

46,388

37,122

30,722

30,684

28,102

27,249

24,971

Operating lease right-of-use assets, net

70,366

56,244

53,923

57,269

56,384

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity method investments

-

-

0

0

0

45,913

47,996

49,128

52,829

54,606

52,875

41,724

43,940

45,061

46,268

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and intangible assets, net

73,751

75,692

77,012

78,852

80,329

81,949

83,607

85,307

87,629

89,068

90,070

91,308

92,447

81,998

82,987

83,749

78,606

79,162

79,715

80,590

81,274

82,056

82,926

83,795

84,388

85,362

61,745

61,713

58,543

99,236

111,162

135,827

135,827

135,383

135,743

135,768

478

478

478

478

478

Intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,362

24,975

25,429

45,777

46,817

47,901

48,876

50,022

50,279

52,113

1,488

2,188

2,888

3,588

4,988

Deferred tax assets

-

-

63,150

59,050

57,151

64,689

47,435

45,859

45,524

49,334

73,532

61,783

60,068

67,844

68,918

60,051

57,527

51,416

14,542

16,014

14,630

3,099

19,714

20,456

22,739

15,766

28,822

30,622

28,417

21,609

27,189

29,853

17,612

22,337

22,945

28,546

38,024

42,439

43,778

44,171

61,535

Other assets

29,566

39,610

44,135

48,892

26,186

26,987

25,464

19,302

17,233

43,893

25,400

22,992

14,405

13,320

13,474

7,223

7,705

8,202

7,588

7,881

7,254

7,665

7,513

8,210

8,315

8,622

8,630

4,674

3,173

3,454

2,700

2,765

2,909

2,741

2,754

2,815

2,714

3,454

4,218

2,109

1,969

Total assets

3,964,840

2,500,702

2,350,380

2,346,017

2,234,430

2,052,458

1,928,405

1,916,589

1,782,731

1,784,009

1,697,623

1,551,187

1,459,293

1,396,151

1,358,893

1,251,273

1,207,560

1,158,633

1,079,562

1,028,581

1,028,405

987,997

948,289

885,433

885,641

832,147

759,206

703,894

726,245

756,312

768,164

744,163

670,436

649,264

585,920

547,049

496,982

476,943

445,235

408,692

355,240

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable

72,690

87,250

63,300

61,950

62,512

64,256

43,065

48,744

41,881

36,776

45,942

45,953

37,028

28,596

33,104

30,927

36,258

34,354

32,599

29,513

24,996

23,247

24,517

20,939

18,506

17,718

19,157

21,556

19,748

19,549

14,415

15,226

14,640

19,265

14,138

10,407

6,594

7,768

5,826

5,316

6,122

Accrued liabilities

259,459

319,958

286,132

245,634

252,754

234,679

219,035

196,754

180,093

195,562

173,851

158,838

125,631

134,332

132,538

107,505

92,723

107,765

95,914

91,992

81,711

87,880

86,600

81,049

71,349

80,345

73,714

75,776

64,635

74,247

71,949

69,207

66,538

76,600

58,281

56,020

44,201

51,358

44,074

41,455

42,822

Finance lease liabilities

-

-

-

-

56,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenues

578,537

563,762

520,712

481,462

433,518

393,138

356,109

321,148

296,011

267,713

241,576

220,005

202,895

191,407

177,409

160,557

145,769

129,553

115,998

101,420

93,868

90,684

87,443

85,125

81,000

77,275

70,397

63,322

59,472

61,975

65,324

59,403

54,650

52,252

47,768

43,024

37,199

33,848

30,136

27,036

32,299

Total current liabilities

910,686

970,970

870,144

789,046

804,884

692,073

618,209

566,646

517,985

500,051

461,369

424,796

365,554

354,335

343,051

298,989

274,750

271,672

244,511

222,925

200,575

201,811

198,560

187,113

170,855

175,338

163,268

160,654

143,855

155,771

151,688

143,836

135,828

148,117

120,187

109,451

87,994

92,974

80,036

73,807

81,243

Income tax payable

109,128

102,794

101,914

98,182

93,463

78,008

95,655

115,701

119,349

114,091

45,375

44,581

46,322

45,133

42,539

41,244

39,269

37,512

34,916

33,726

31,831

30,483

-

-

-

18,326

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Lease, Liability, Noncurrent

53,745

43,463

43,365

59,140

59,307

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

38,292

37,306

29,408

25,967

21,072

29,486

21,558

15,283

17,937

15,579

8,921

3,522

2,542

1,294

993

1,182

1,511

1,523

1,876

2,129

2,465

2,932

27,273

22,524

18,033

4,513

20,254

23,042

21,272

19,224

14,311

14,032

11,586

10,366

8,857

7,816

6,883

6,222

5,797

932

961

Total liabilities

1,111,851

1,154,533

1,044,831

972,335

978,726

799,567

735,422

697,630

655,271

629,721

515,665

472,899

414,418

400,762

386,583

341,415

315,530

310,707

281,303

258,780

234,871

235,226

225,833

209,637

188,888

198,177

183,522

183,696

165,127

174,995

165,999

157,868

147,414

158,483

129,044

117,267

94,877

99,196

85,833

74,739

82,204

Commitments and contingencies (Notes 8 and 9)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

Stockholders’ equity:
Preferred stock, $0.0001 par value (5,000 shares authorized; none issued)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.0001 par value (200,000 shares authorized; 78,759 and 78,433 issued and outstanding, respectively)

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

7

Additional paid-in capital

895,131

906,937

892,309

874,275

855,956

877,514

865,271

844,599

858,632

886,435

880,045

845,560

850,092

864,871

854,422

821,815

824,063

821,507

810,116

775,806

789,453

783,410

775,523

742,886

759,768

729,578

713,676

693,102

694,334

670,732

676,605

655,307

619,991

607,240

588,501

580,274

563,878

555,851

547,228

539,160

525,073

Accumulated other comprehensive income (loss), net

-193

-688

-1,927

-1,876

-2,281

-2,774

-728

911

1,484

571

788

-156

-1,382

-938

-85

428

22

-980

25

-187

-106

-140

60

508

442

294

332

-44

151

203

-19

-340

193

46

346

743

624

134

317

-249

455

Retained earnings

1,958,043

439,912

415,159

501,275

402,021

378,143

328,432

373,441

267,336

267,274

301,117

232,876

196,157

131,448

117,965

87,607

67,937

27,391

-11,890

-5,826

4,179

-30,507

-53,135

-67,606

-63,465

-95,910

-138,332

-172,868

-133,375

-89,626

-74,429

-68,680

-97,170

-116,513

-131,979

-151,243

-162,405

-178,246

-188,151

-204,966

-252,499

Total stockholders’ equity

2,852,989

1,346,169

1,305,549

1,373,682

1,255,704

1,252,891

1,192,983

1,218,959

1,127,460

1,154,288

1,181,958

1,078,288

1,044,875

995,389

972,310

909,858

892,030

847,926

798,259

769,801

793,534

752,771

722,456

675,796

696,753

633,970

575,684

520,198

561,118

581,317

602,165

586,295

523,022

490,781

456,876

429,782

402,105

377,747

359,402

333,953

273,036

Total liabilities and stockholders’ equity

3,964,840

2,500,702

2,350,380

2,346,017

2,234,430

2,052,458

1,928,405

1,916,589

1,782,731

1,784,009

1,697,623

1,551,187

1,459,293

1,396,151

1,358,893

1,251,273

1,207,560

1,158,633

1,079,562

1,028,581

1,028,405

987,997

948,289

885,433

885,641

832,147

759,206

703,894

726,245

756,312

768,164

744,163

670,436

649,264

585,920

547,049

496,982

476,943

445,235

408,692

355,240

Deferred Income Tax Assets, Net

1,551,141

64,007

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-