ALIGN TECHNOLOGY INC ALGN Income Statement

Align technology inc (ALGN)

Income statement / TTM

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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Non-case
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net revenues
2,408,788	2,406,796	2,291,029	2,188,977	2,078,539	1,966,492	1,853,795	1,733,773	1,599,996	1,473,413	1,345,293	1,238,615	1,151,495	1,079,874	1,016,947	945,994	886,120	845,486	813,810	796,050	779,093	761,653	741,345	715,975	687,272	660,206	624,754	596,744	578,542	560,041	546,106	535,504	509,964	479,741	443,729	413,782	401,892	387,126	373,502	353,871	0	0	0
Invisalign
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Non-case
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Cost of net revenues
672,631	662,899	635,994	599,715	555,984	518,625	471,107	430,378	391,266	356,466	326,014	302,622	281,203	264,580	249,092	229,765	216,473	205,376	195,848	190,610	186,811	183,210	177,088	171,682	164,764	162,100	156,646	153,376	150,065	143,653	140,646	138,024	130,147	118,458	106,240	93,730	85,959	83,709	82,840	80,164	0	0	0
Gross profit
1,736,157	1,743,897	1,655,035	1,589,262	1,522,555	1,447,867	1,382,688	1,303,395	1,208,730	1,116,947	1,019,279	935,993	870,292	815,294	767,855	716,229	669,647	640,110	617,962	605,440	592,282	578,443	564,257	544,293	522,508	498,106	468,108	443,368	428,477	416,388	405,460	397,480	379,817	361,283	337,489	320,052	315,933	303,417	290,662	273,707	0	0	0
Operating expenses:
Selling, general and administrative
1,107,849	1,072,053	1,019,391	955,750	899,889	852,404	807,726	763,377	714,254	665,777	613,904	571,088	529,591	490,653	459,967	435,010	414,168	390,239	376,550	355,452	338,282	332,068	403,621	368,192	332,584	292,798	173,121	164,365	155,605	152,041	150,384	148,571	148,070	142,174	136,285	128,535	118,888	114,013	111,477	113,680	0	0	0
General and administrative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	112,863	110,138	106,132	99,295	96,194	93,041	96,114	91,595	85,326	79,920	68,831	64,790	62,383	62,719	0	0	0
Research and development
161,390	157,361	151,838	144,858	136,811	128,899	119,265	110,766	104,346	97,559	92,998	89,212	83,441	75,720	68,000	65,364	62,435	61,237	60,624	55,699	53,304	52,799	50,493	48,554	46,181	44,083	44,824	43,861	43,625	42,869	40,726	39,700	38,290	37,154	34,479	32,145	29,271	25,997	24,715	23,792	0	0	0
Impairments and other charges
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation settlement gain
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-
Amortization of acquired intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Interest Income and Other Income (Expense), Net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,693	52,619	77,284	77,284	36,591	24,665	0	0	-	0	-	-	-	-	-	-	-	-
Restructurings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Impairments and other (gains) charges
0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,320	26,320	26,320	26,320	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Total operating expenses
1,211,447	1,201,404	1,143,219	1,079,390	1,066,482	981,303	926,991	874,143	818,600	763,336	706,902	660,300	613,032	566,373	527,967	500,374	476,603	451,476	437,174	411,151	391,586	384,867	369,252	359,371	348,417	403,894	409,747	421,968	408,966	330,796	310,509	280,720	282,474	270,923	258,789	245,741	212,873	200,683	262,892	261,607	0	0	0
Income from operations
524,710	542,493	511,816	509,872	456,073	466,564	455,697	429,252	390,130	353,611	312,377	275,693	257,260	248,921	239,888	215,855	193,044	188,634	180,788	194,289	200,696	193,576	195,005	184,922	174,091	94,212	58,361	21,400	19,511	85,592	94,951	116,760	97,343	90,360	78,700	74,311	103,060	102,734	27,770	12,100	0	0	0
Interest income
11,835	12,482	11,825	10,581	9,033	8,576	8,813	8,405	7,929	6,948	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
-5,127	7,676	5,205	6,579	-14,412	-8,489	-7,664	-4,903	3,967	4,240	-7,584	-8,045	-9,691	-10,568	1,474	-1,557	-1,508	-2,533	-4,562	-4,993	-5,260	-3,207	-1,690	758	516	-1,073	-1,546	-2,348	-1,472	-1,296	-708	-473	-1,320	-419	-1,141	-1,106	-644	-1,286	0	0	0	0	0
Net income before provision for (benefit from) income taxes and equity in losses of investee
531,418	562,651	528,846	527,032	450,694	466,651	456,846	432,754	402,026	364,799	313,468	274,497	252,977	242,566	241,362	214,298	191,536	186,101	176,226	189,296	195,436	190,369	193,315	185,680	174,607	93,139	56,815	19,052	18,039	84,296	94,243	116,287	96,023	89,941	78,114	73,760	102,971	102,003	27,019	11,989	0	0	0
Provision for (benefit from) income taxes
-1,361,253	112,347	100,323	99,023	63,623	57,723	138,854	132,598	140,285	130,162	38,536	31,890	31,616	51,200	49,947	47,111	43,147	42,081	41,542	43,981	45,871	44,537	44,603	40,678	35,885	28,844	25,382	22,500	22,315	25,605	24,662	27,098	24,164	23,225	21,942	20,037	27,807	27,750	12,613	9,853	0	0	0
Equity in losses of investee, net of tax
-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	-477	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	14,406	2,136	0	0	0
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