ALIGN TECHNOLOGY INC ALGN Income Statement

Align technology inc (ALGN)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Invisalign
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85,422	75,092	71,388
Non-case
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,668	4,177	4,928
Net revenues
550,963	649,787	607,341	600,697	548,971	534,020	505,289	490,259	436,924	421,323	385,267	356,482	310,341	293,203	278,589	269,362	238,720	230,276	207,636	209,488	198,086	198,600	189,876	192,531	180,646	178,292	164,506	163,828	153,580	142,840	136,496	145,626	135,079	128,905	125,894	120,086	104,856	92,893	95,947	108,196	90,090	79,269	76,316
Invisalign
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,607	18,491	16,397
Non-case
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,773	1,777	1,941
Cost of net revenues
156,607	177,829	169,787	168,408	146,875	150,924	133,508	124,677	109,516	103,406	92,779	85,565	74,716	72,954	69,387	64,146	58,093	57,466	50,060	50,854	46,996	47,938	44,822	47,055	43,395	41,816	39,416	40,137	40,731	36,362	36,146	36,826	34,319	33,355	33,524	28,949	22,630	21,137	21,014	21,178	20,380	20,268	18,338
Gross profit
394,356	471,958	437,554	432,289	402,096	383,096	371,781	365,582	327,408	317,917	292,488	270,917	235,625	220,249	209,202	205,216	180,627	172,810	157,576	158,634	151,090	150,662	145,054	145,476	137,251	136,476	125,090	123,691	112,849	106,478	100,350	108,800	100,760	95,550	92,370	91,137	82,226	71,756	74,933	87,018	69,710	59,001	57,978
Operating expenses:
Selling, general and administrative
282,906	279,481	277,514	267,948	247,110	226,819	213,873	212,087	199,625	182,141	169,524	162,964	151,148	130,268	126,708	121,467	112,210	99,582	101,751	100,625	88,281	85,893	80,653	83,455	82,067	157,446	45,224	47,847	42,281	37,769	36,468	39,087	38,717	36,112	34,655	38,586	32,821	30,223	26,905	28,939	27,946	27,687	29,108
General and administrative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,487	27,027	30,348	28,001	24,762	23,021	23,511	24,900	21,609	26,094	18,992	18,631	16,203	15,005	14,951	16,224	16,539
Research and development
41,532	41,327	39,680	38,851	37,503	35,804	32,700	30,804	29,591	26,170	24,201	24,384	22,804	21,609	20,415	18,613	15,083	13,889	17,779	15,684	13,885	13,276	12,854	13,289	13,380	10,970	10,915	10,916	11,282	11,711	9,952	10,680	10,526	9,568	8,926	9,270	9,390	6,893	6,592	6,396	6,116	5,611	5,669
Impairments and other charges
0	-	6,792	-	-29,782	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation settlement gain
-	-	0	51,000	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,310	8,666	-	-69,673	-
Amortization of acquired intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	868	592	-	-	-	-	-	-	-
Interest Income and Other Income (Expense), Net
-16,563	-	-	-	-3,113	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	40,693	11,926	24,665	0	0	-	0	-	-	-	-	-	-	-	-
Restructurings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	409
Impairments and other (gains) charges
0	-	-	0	-29,782	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	26,320	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Total operating expenses
324,438	320,808	310,402	255,799	314,395	262,623	246,573	242,891	229,216	208,311	193,725	187,348	173,952	151,877	147,123	140,080	127,293	113,471	119,530	116,309	102,166	99,169	93,507	96,744	95,447	83,554	83,626	85,790	150,924	89,407	95,847	72,788	72,754	69,120	66,058	74,542	61,203	56,986	53,010	41,674	49,013	119,195	51,725
Income from operations
69,918	151,150	127,152	176,490	87,701	120,473	125,208	122,691	98,192	109,606	98,763	83,569	61,673	68,372	62,079	65,136	53,334	59,339	38,046	42,325	48,924	51,493	51,547	48,732	41,804	52,922	41,464	37,901	-38,075	17,071	4,503	36,012	28,006	26,430	26,312	16,595	21,023	14,770	21,923	45,344	20,697	-60,194	6,253
Interest income
1,986	2,906	3,478	3,465	2,633	2,249	2,234	1,917	2,176	2,486	1,826	1,441	1,195	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
-18,549	1,741	-2,211	13,892	-5,746	-730	-837	-7,099	177	95	1,924	1,771	450	-11,729	1,463	125	-427	313	-1,568	174	-1,452	-1,716	-1,999	-93	601	-199	449	-335	-988	-672	-353	541	-812	-84	-118	-306	89	-806	-83	156	-553	-271	557
Net income before provision for (benefit from) income taxes and equity in losses of investee
53,355	155,797	128,419	193,847	84,588	121,992	126,605	117,509	100,545	112,187	102,513	86,781	63,318	60,856	63,542	65,261	52,907	59,652	36,478	42,499	47,472	49,777	49,548	48,639	42,405	52,723	41,913	37,566	-39,063	16,399	4,150	36,553	27,194	26,346	26,194	16,289	21,112	14,519	21,840	45,500	20,144	-60,465	6,810
Provision for (benefit from) income taxes
-1,464,800	34,547	25,900	43,100	8,800	22,523	24,600	7,700	2,900	103,654	18,344	15,387	-7,223	12,028	11,698	15,113	12,361	10,775	8,862	11,149	11,295	10,236	11,301	13,039	9,961	10,302	7,376	8,246	2,920	6,840	4,494	8,061	6,210	5,897	6,930	5,127	5,271	4,614	5,025	12,897	5,214	-10,523	2,265
Equity in losses of investee, net of tax
0	0	0	-3,584	-3,944	-2,083	-1,132	-3,701	-1,777	1,731	-1,614	-2,215	-1,121	-1,207	-477	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
1,518,131	121,262	102,524	147,142	71,848	97,392	100,872	106,105	95,866	10,264	82,555	69,179	69,420	47,621	51,367	50,148	40,546	48,877	27,616	31,350	36,177	39,541	38,247	35,600	32,444	42,421	34,537	29,320	-41,983	9,559	-344	28,492	20,984	20,449	19,264	11,162	15,841	9,905	16,815	32,603	14,930	-49,942	4,545
Net income per share:
Basic (in usd per share)
19.32	1.54	1.29	1.84	0.90	1.22	1.26	1.32	1.20	0.13	1.03	0.86	0.87	0.60	0.64	0.63	0.51	0.61	0.35	0.39	0.45	0.50	0.47	0.44	0.40	0.53	0.43	0.36	-0.52	0.12	0.00	0.35	0.26	0.26	0.25	0.14	0.21	0.13	0.22	0.43	0.20	-0.72	0.07
Diluted (in usd per share)
19.21	1.53	1.28	1.83	0.89	1.21	1.24	1.30	1.17	0.12	1.01	0.85	0.85	0.58	0.63	0.62	0.50	0.60	0.34	0.39	0.44	0.48	0.47	0.43	0.39	0.52	0.42	0.36	-0.52	0.11	0.00	0.34	0.26	0.25	0.24	0.14	0.20	0.12	0.22	0.42	0.19	-0.72	0.07
Shares used in computing net income per share:
Basic (in shares)
78,592	78,561	79,332	79,943	79,860	79,893	80,111	80,216	80,036	80,085	80,163	80,188	79,904	79,665	79,977	79,951	79,831	79,468	79,808	80,257	80,459	80,240	80,629	81,027	81,120	80,413	79,967	80,576	81,248	81,060	81,437	80,384	79,235	78,765	78,455	77,888	76,844	76,350	76,081	75,703	75,166	69,528	66,285
Diluted (in shares)
79,028	79,298	79,825	80,590	80,687	80,970	81,359	81,471	81,628	82,374	81,789	81,631	81,534	81,869	81,466	81,281	81,320	81,774	81,092	81,394	81,824	81,960	82,014	82,341	82,817	85,111	81,848	82,149	81,248	85,913	81,437	82,954	81,856	81,228	80,266	80,321	79,361	79,007	78,109	77,607	77,597	69,528	67,373