10-Q Filing

ALIGN TECHNOLOGY INC CIK: 1097149 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001097149-13-000016`
Period End Date	20130331
Filing Date	20130503
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	algn-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 38 Cash Flow Statement 70 Comprehensive Income 10

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts and returns	`AllowanceForDoubtfulAccountsReceivableAndSalesReturnsCurrent`	$1.25M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts and returns	`AllowanceForDoubtfulAccountsReceivableAndSalesReturnsCurrent`	$2.48M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$328.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$306.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$224.36M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$240.68M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.57M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$508.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Marketable securities, short-term	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$37.98M	USD	Point-in-time
Marketable securities, short-term	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$28.48M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts and returns of $1,247 and $2,484, respectively	`AccountsReceivableNetCurrent`	$108.67M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts and returns of $1,247 and $2,484, respectively	`AccountsReceivableNetCurrent`	$98.99M	USD	Point-in-time
Inventories	`InventoryNet`	$15.12M	USD	Point-in-time
Inventories	`InventoryNet`	$15.44M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	80.61M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	81.72M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$35.99M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$35.23M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	81.72M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	80.61M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$527.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$485.79M	USD	Point-in-time
Marketable securities, long-term	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$21.25M	USD	Point-in-time
Marketable securities, long-term	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$10.68M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$72.67M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$79.19M	USD	Point-in-time
Goodwill	`Goodwill`	$99.24M	USD	Point-in-time
Goodwill	`Goodwill`	$58.54M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$45.78M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$25.43M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$28.42M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$21.61M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.17M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.45M	USD	Point-in-time
Total assets	`Assets`	$726.25M	USD	Point-in-time
Total assets	`Assets`	$756.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.55M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$64.64M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$74.25M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$61.98M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$59.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$143.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$155.77M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$19.22M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$21.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$175.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$165.13M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value (5,000 shares authorized; none issued)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value (5,000 shares authorized; none issued)	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value (200,000 shares authorized; 81,725 and 80,611 issued and outstanding in 2013 and 2012, respectively)	`CommonStockValue`	$8.00K	USD	Point-in-time
Common stock, $0.0001 par value (200,000 shares authorized; 81,725 and 80,611 issued and outstanding in 2013 and 2012, respectively)	`CommonStockValue`	$8.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$670.73M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$694.33M	USD	Point-in-time
Accumulated other comprehensive income (loss), net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$151.00K	USD	Point-in-time
Accumulated other comprehensive income (loss), net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$203.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-133.38M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-89.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$561.12M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$581.32M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$756.31M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$726.25M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`SalesRevenueNet`	$135.08M	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$153.58M	USD	1 Quarter
Cost of net revenues	`CostOfRevenue`	$40.73M	USD	1 Quarter
Cost of net revenues	`CostOfRevenue`	$34.32M	USD	1 Quarter
Gross profit	`GrossProfit`	$100.76M	USD	1 Quarter
Gross profit	`GrossProfit`	$112.85M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$42.28M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$38.72M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$23.51M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$30.35M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$10.53M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$11.28M	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	$40.69M	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Asset Impairment Charges	`AssetImpairmentCharges`	$26.32M	USD	1 Quarter
Asset Impairment Charges	`AssetImpairmentCharges`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$72.75M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$150.92M	USD	1 Quarter
Profit from operations	`OperatingIncomeLoss`	$-38.08M	USD	1 Quarter
Profit from operations	`OperatingIncomeLoss`	$28.01M	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$-812.00K	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$-988.00K	USD	1 Quarter
Net profit before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-39.06M	USD	1 Quarter
Net profit before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$27.19M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.92M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.21M	USD	1 Quarter
Net profit (loss)	`NetIncomeLoss`	$-41.98M	USD	1 Quarter
Net profit (loss)	`NetIncomeLoss`	$20.98M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.52	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.52	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	81.25M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	79.23M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.25M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.86M	shares	1 Quarter
Effective Income Tax Rate, Continuing Operations	`EffectiveIncomeTaxRateContinuingOperations`	0.23	pure	1 Quarter
Effective Income Tax Rate, Continuing Operations	`EffectiveIncomeTaxRateContinuingOperations`	-0.07	pure	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net profit (loss)	`NetIncomeLoss`	$-41.98M	USD	1 Quarter
Net profit (loss)	`NetIncomeLoss`	$20.98M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$4.73M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$931.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.75M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.85M	USD	1 Quarter
Amortization of Intangibles	`AmortizationOfIntangibleAssets`	$1.09M	USD	1 Quarter
Amortization of Intangibles	`AmortizationOfIntangibleAssets`	$1.15M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$6.41M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.86M	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$8.04M	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$7.74M	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	$40.69M	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Asset Impairment Charges	`AssetImpairmentCharges`	$26.32M	USD	1 Quarter
Asset Impairment Charges	`AssetImpairmentCharges`	-	USD	1 Quarter
Recovery of doubful accounts and returns	`ProvisionAndRecoveryForDoubtfulAccounts`	$-119.00K	USD	1 Quarter
Recovery of doubful accounts and returns	`ProvisionAndRecoveryForDoubtfulAccounts`	$-1.20M	USD	1 Quarter
Other Noncash Income (Expense)	`OtherNoncashIncomeExpense`	$10.00K	USD	1 Quarter
Other Noncash Income (Expense)	`OtherNoncashIncomeExpense`	$-52.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.40M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.24M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.03M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$320.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$586.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.53M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.61M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.64M	USD	1 Quarter
Accrued and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-7.94M	USD	1 Quarter
Accrued and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-9.19M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$1.81M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-1.48M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.38M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.42M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-1.05M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-3.00K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.61M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.56M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$28.19M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$3.28M	USD	1 Quarter
Maturities of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$2.75M	USD	1 Quarter
Maturities of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$4.37M	USD	1 Quarter
Other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$-26.00K	USD	1 Quarter
Other assets	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.99M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.44M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$13.27M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.18M	USD	1 Quarter
Common stock repurchase	`PaymentsForRepurchaseOfCommonStock`	$2.44M	USD	1 Quarter
Common stock repurchase	`PaymentsForRepurchaseOfCommonStock`	$2.52M	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$7.74M	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$8.04M	USD	1 Quarter
Employees' taxes paid upon the vesting of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.41M	USD	1 Quarter
Employees' taxes paid upon the vesting of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.14M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.42M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.29M	USD	1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$9.00K	USD	1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-37.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.31M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$22.36M	USD	1 Quarter
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$240.68M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$306.39M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$328.75M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$224.36M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$240.68M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$306.39M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$328.75M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$224.36M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net profit (loss)	`NetIncomeLoss`	$-41.98M	USD	1 Quarter
Net profit (loss)	`NetIncomeLoss`	$20.98M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-55.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$159.00K	USD	1 Quarter
Change in unrealized gains (losses) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$3.00K	USD	1 Quarter
Change in unrealized gains (losses) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-12.00K	USD	1 Quarter
Net change in accumulated other comprehensive income (losses)	`OtherComprehensiveIncomeLossNetOfTax`	$147.00K	USD	1 Quarter
Net change in accumulated other comprehensive income (losses)	`OtherComprehensiveIncomeLossNetOfTax`	$-52.00K	USD	1 Quarter
Other comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$21.13M	USD	1 Quarter
Other comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-42.03M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.