Align technology inc (ALGN)
CashFlow / TTM
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'10Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

1,889,059

442,776

418,906

417,254

376,217

400,235

313,107

294,790

257,864

231,418

268,775

237,587

218,556

189,682

190,938

167,187

148,389

144,020

134,684

145,315

149,565

145,832

148,712

145,002

138,722

64,295

31,433

-3,448

-4,276

58,691

69,581

89,189

71,859

66,716

56,172

53,723

75,164

74,253

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Deferred taxes

-1,494,433

307

-16,257

-13,741

-12,163

-15,680

25,100

15,094

13,852

17,572

-4,406

-1,648

-2,499

-16,401

-24,254

-14,122

-13,049

-11,424

-21,428

-19,318

-13,169

4,088

470

5,325

5,939

-5,899

19,119

14,827

13,988

17,783

5,501

7,165

6,585

5,842

13,182

7,848

16,315

17,307

0

0

0

Depreciation and amortization

81,412

78,990

73,736

76,830

61,609

54,727

49,209

45,062

41,306

37,739

33,931

30,860

27,077

24,002

21,649

19,251

18,488

18,004

17,528

17,364

17,388

17,856

17,647

17,166

16,657

16,825

17,914

20,695

20,002

17,811

15,557

11,908

11,886

12,112

11,791

11,540

11,421

11,386

0

0

0

Non-cash operating lease cost

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,693

52,619

77,284

77,284

36,591

0

0

0

-

-

-

-

-

-

-

-

Impairments on equity investments

0

28,498

28,498

28,498

28,498

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairments on long-lived assets

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Share-based Compensation

90,067

88,184

86,532

81,554

75,977

70,763

66,748

62,517

59,872

58,854

58,238

56,982

56,436

54,148

53,742

54,692

53,819

52,943

49,610

44,859

42,339

39,823

34,521

32,201

29,160

26,438

27,244

25,016

23,030

21,483

20,463

20,055

19,749

19,165

18,140

17,600

16,878

16,072

0

0

0

Net tax benefits from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net tax benefits from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,888

-4,944

-5,734

-6,921

-10,224

-31,617

-31,347

-30,182

-21,393

24,141

27,933

32,932

27,103

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Amortization of intangibles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,436

5,811

5,365

4,708

3,575

2,800

2,800

0

0

0

Amortization of prepaid royalties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

827

0

0

0

Equity in losses of investee

-3,584

-7,528

-9,611

-10,743

-10,860

-8,693

-4,879

-5,361

-3,875

-3,219

-6,157

-5,020

-2,805

-1,684

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for Doubtful Accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

0

-

0

0

0

Other non-cash operating activities

-37,325

-29,860

-23,315

-25,497

-21,879

-17,252

-15,778

-12,553

-12,242

-13,847

-11,938

-10,827

-10,356

-12,031

-14,072

-14,678

-14,939

-13,799

-11,990

-11,173

-10,743

-10,106

-10,310

-8,848

-6,563

-4,142

-5,637

-4,832

-4,021

-4,517

0

0

0

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

64,510

121,014

114,947

154,013

115,941

109,224

96,396

83,218

102,491

90,990

87,123

109,413

99,494

95,808

106,774

56,304

49,381

40,775

29,422

28,726

25,523

27,229

30,975

24,338

15,918

11,981

250

8,903

19,270

11,666

25,413

25,171

19,228

24,147

18,308

12,847

14,644

12,184

0

0

0

Inventories

55,485

58,269

47,692

35,204

33,387

24,109

11,964

12,451

1,560

5,481

11,499

12,755

12,431

7,663

7,403

6,577

8,052

3,563

2,999

3,364

-1,205

1,999

1,342

-2,594

392

-1,158

-484

1,078

2,008

5,718

6,818

8,319

7,776

4,058

3,140

1,006

501

508

0

0

0

Prepaid expenses and other assets

33,740

31,529

-23,827

48,705

28,282

9,122

50,596

18,423

24,015

8,669

10,169

3,977

9,299

9,390

6,266

3,965

-6,183

3,726

3,104

4,904

11,661

2,924

2,997

2,964

1,596

392

1,977

2,117

2,909

3,853

4,823

3,615

4,418

2,681

-2,396

-1,457

267

1,212

0

0

0

Accounts payable

8,595

22,099

21,346

16,149

20,916

25,045

8,997

14,508

8,252

8,175

4,959

5,768

1,680

-3,395

-967

-2,080

6,151

7,575

3,507

7,798

4,493

2,887

3,920

-245

-1,532

-186

3,564

1,998

5,246

-6

-101

5,746

4,528

7,535

6,347

2,456

2,249

2,612

0

0

0

Accrued and other long-term liabilities

-3,680

60,240

92,775

91,013

66,533

36,250

-19,953

-14,405

29,660

24,235

11,154

12,123

5,024

31,371

44,789

8,719

-934

12,532

17,002

29,608

36,900

22,692

22,735

7,707

2,317

9,662

2,941

10,168

4,193

2,943

30,932

31,408

33,229

37,105

18,949

22,205

22,317

19,705

0

0

0

Long-term income tax payable

16,157

14,611

-4,688

-28,550

-36,999

-36,548

50,280

71,119

73,028

68,958

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenues

169,473

189,075

180,412

176,590

150,502

136,399

120,523

105,065

96,365

79,662

67,372

60,449

57,596

60,656

60,154

58,908

50,583

41,854

33,992

21,795

18,703

15,767

16,443

19,507

19,460

14,901

8,130

7,484

9,104

12,389

18,172

17,563

15,144

16,334

14,682

12,346

71

2,180

0

0

0

Net cash provided by operating activities

639,847

747,270

770,388

632,121

594,556

554,681

475,712

497,572

468,250

438,539

357,193

298,895

264,595

247,654

246,029

246,259

233,032

237,997

230,247

237,761

244,551

226,899

222,406

209,973

193,551

185,976

169,622

154,749

136,815

133,778

130,998

126,280

120,602

130,469

115,016

115,232

128,132

129,529

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES:
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

Purchase of property, plant and equipment

160,531

149,707

161,436

188,615

200,995

223,312

238,578

232,945

193,704

195,695

140,358

109,596

109,938

70,576

73,156

66,304

58,046

53,451

43,798

40,304

34,708

24,092

21,197

19,983

18,800

19,412

22,020

21,944

31,382

38,333

40,860

47,660

40,138

30,404

27,128

17,704

16,326

18,031

0

0

0

Purchase of marketable securities

572,802

693,284

618,974

455,781

306,014

180,191

183,338

256,423

220,467

390,244

478,743

376,474

431,463

405,612

423,951

493,057

477,510

447,092

393,479

400,373

392,741

437,152

440,538

385,289

458,554

303,917

227,639

174,460

42,603

67,511

0

0

0

-

-

-

-

-

-

-

-

Proceeds from maturities of marketable securities

253,089

290,754

327,064

274,651

328,586

375,105

348,623

383,621

389,062

349,240

319,862

350,274

346,352

387,873

394,211

366,133

345,741

304,125

291,121

233,490

210,581

176,810

182,789

164,805

139,688

90,917

41,063

33,016

26,516

24,901

16,140

12,058

7,899

8,915

0

0

0

-

-

-

-

Proceeds from sales of marketable securities

464,767

194,677

194,677

14,456

8,727

9,560

16,805

16,744

37,412

39,536

39,108

224,247

227,510

216,119

226,795

41,717

24,799

30,011

23,232

62,825

77,931

82,990

97,074

59,381

42,305

31,741

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

Repayment on unsecured promissory note

26,239

21,820

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan advances to equity investee

-

-

-

-

-

-

-

-

-

36,000

23,000

15,000

8,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan repayment from equity investee

-

-

-

-

-

30,000

30,000

36,000

36,000

6,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition, net of cash acquired

-

-

-

-

-

-

-

-

-

8,953

8,953

8,953

8,953

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activities

10,577

14,704

13,901

14,405

2,064

-765

-774

-1,011

1,285

2,597

2,767

4,940

8,881

8,031

8,031

6,031

0

-46

-45

4

4

183

246

3,459

3,623

2,411

2,337

-3,386

-3,425

-2,346

1,405

4,462

3,754

3,931

-1,021

-433

76

145

0

0

0

Net cash provided by (used in) investing activities

185

-350,444

-259,385

-368,096

-176,760

6,927

-43,714

-85,756

6,254

-251,477

-301,615

12,813

-40,118

73,028

69,123

-157,542

-165,016

-166,361

-122,879

-144,366

-138,941

-201,627

-182,118

-184,545

-306,636

-210,734

-212,641

-165,162

-43,750

-78,300

-77,957

-80,310

-242,375

-211,606

-206,661

-206,085

-23,358

-15,920

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock

18,960

17,907

17,935

17,664

18,224

16,635

17,218

15,525

15,193

14,461

14,751

14,297

15,682

13,778

13,643

12,291

12,157

11,325

11,214

11,442

10,634

18,028

23,278

25,690

32,874

34,196

30,424

39,766

45,415

42,327

45,813

32,642

30,613

25,501

20,797

21,157

10,874

11,822

0

0

0

Common stock repurchases

349,999

399,999

349,504

299,506

250,002

300,002

300,002

165,000

200,000

103,793

91,837

100,011

100,011

96,218

69,362

86,010

100,010

101,791

111,419

100,014

100,014

98,233

77,419

48,999

92,669

95,107

132,512

139,787

47,117

47,203

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefit from share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

16,773

15,676

14,886

13,699

10,396

11,169

11,439

12,604

21,393

24,141

27,933

32,932

27,103

20,896

15,773

16,883

17,187

0

0

0

-

-

-

-

-

-

-

-

Payroll taxes paid upon the vesting of equity awards

52,914

57,700

60,137

59,488

88,439

86,100

88,863

87,562

57,546

46,200

42,685

44,618

43,781

29,857

29,407

28,534

28,641

20,716

19,421

18,347

17,802

7,608

6,193

5,779

5,675

4,363

4,318

3,713

3,839

2,106

2,135

2,104

1,986

1,897

1,672

1,651

3,154

1,080

0

0

0

Proceeds from (Payments for) Other Financing Activities

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Net cash used in financing activities

-427,511

-485,540

-437,446

-387,070

-322,374

-369,434

-371,615

-222,005

-242,321

-135,500

-116,941

-124,256

-119,419

-95,524

-69,450

-81,367

-102,795

-100,786

-108,457

-95,480

-94,578

-66,420

-36,187

-22,142

-32,533

-38,171

-85,516

-87,974

11,337

10,205

49,671

48,396

37,783

27,241

29,078

23,471

13,195

14,707

0

0

0

Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash

-9,814

2,282

-3,941

-1,343

-5,359

-4,733

-2,152

-19

4,829

5,544

1,112

110

-1,390

-3,374

206

-1,397

-781

-3,007

-5,547

-3,633

-3,820

-1,934

736

-312

-361

-504

-533

85

-18

28

-34

-174

-257

-93

-128

188

232

-139

0

0

0

Net increase (decrease) in cash, cash equivalents, and restricted cash

202,707

-86,432

69,616

-124,388

90,063

187,441

58,231

189,792

237,012

57,106

-60,251

187,562

103,668

221,784

245,908

5,953

-35,560

-32,157

-6,636

-5,718

7,212

-43,082

4,837

2,974

-145,979

-63,433

-129,068

-98,302

104,384

65,711

102,678

94,192

-84,247

-53,989

-62,695

-67,194

118,201

128,177

0

0

0

SUPPLEMENTAL CASH FLOW INFORMATION:
Accounts payable or accrued liabilities related to property, plant and equipment

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-