Align technology inc (ALGN)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Invisalign

-

-

-

-

-

-

-

-

-

-

-

285,798

Non-case

-

-

-

-

-

-

-

-

-

-

-

18,178

Net revenues

2,406,796

1,966,492

1,473,413

1,079,874

845,486

761,653

660,206

560,041

479,741

387,126

312,333

303,976

Invisalign

-

-

-

-

-

-

-

-

-

-

-

69,536

Non-case

-

-

-

-

-

-

-

-

-

-

-

9,314

Cost of net revenues

662,899

518,625

356,466

264,580

205,376

183,210

162,100

143,653

118,458

83,709

78,841

78,850

Gross profit

1,743,897

1,447,867

1,116,947

815,294

640,110

578,443

498,106

416,388

361,283

303,417

233,492

225,126

Operating expenses:
Selling, general and administrative

1,072,053

852,404

665,777

490,653

390,239

332,068

292,798

152,041

142,174

114,013

112,542

115,062

General and administrative

-

-

-

-

-

-

-

99,295

91,595

64,790

61,718

62,154

Research and development

157,361

128,899

97,559

75,720

61,237

52,799

44,083

42,869

37,154

25,997

22,252

26,165

Impairments and other charges

-22,990

0

0

-

-

-

-

-

-

-

-

-

Litigation settlement gain

51,000

0

0

-

-

-

-

-

-

-4,549

-69,673

0

Insurance Recoveries

-

-

-

-

-

-

-

-

-

8,666

-

-

Amortization of acquired intangible assets

-

-

-

-

-

-

-

-

-

0

-

-

Insurance settlement

-

-

-

-

-

-

-

-

-

-

-

0

Impairment of goodwill

-

-

-

-

-

-

40,693

36,591

0

0

-

-

Restructurings

-

-

-

-

-

-

-

-

-

-

1,319

6,231

Impairments and other (gains) charges

28,498

0

0

-

-

-

26,320

0

0

-

-

-

Total operating expenses

1,201,404

981,303

763,336

566,373

451,476

384,867

403,894

330,796

270,923

200,683

267,504

209,612

Income from operations

542,493

466,564

353,611

248,921

188,634

193,576

94,212

85,592

90,360

102,734

-34,012

15,514

Interest income

12,482

8,576

6,948

4,213

-

-

-

-

-

555

579

3,052

Other income (expense), net

7,676

-8,489

4,240

-10,568

-2,533

-3,207

-1,073

-1,296

-419

-1,286

-

-

Interest expense

-

-

-

-

-

-

-

-

-

-

85

24

Other expense

-

-

-

-

-

-

-

-

-

-

375

1,466

Net income before provision for (benefit from) income taxes and equity in losses of investee

562,651

466,651

364,799

242,566

186,101

190,369

93,139

84,296

89,941

102,003

-33,893

17,076

Provision for (benefit from) income taxes

112,347

57,723

130,162

51,200

42,081

44,537

28,844

25,605

23,225

27,750

-2,624

-62,911

Equity in losses of investee, net of tax

-7,528

-8,693

-3,219

-1,684

0

0

-

-

-

-

-

-

Net income

442,776

400,235

231,418

189,682

144,020

145,832

64,295

58,691

66,716

74,253

-31,269

79,987

Net income per share:
Basic (in usd per share)

5.57

5.00

2.89

2.38

1.80

1.81

0.80

0.73

0.86

0.98

-0.45

1.20

Diluted (in usd per share)

5.53

4.92

2.83

2.33

1.77

1.77

0.78

0.71

0.83

0.95

-0.45

1.18

Shares used in computing net income per share:
Basic (in shares)

79,424

80,064

80,085

79,856

79,998

80,754

80,551

80,529

77,988

75,825

69,094

66,812

Diluted (in shares)

80,100

81,357

81,832

81,484

81,521

82,283

82,589

83,040

80,294

78,080

69,094

68,064