10-Q Filing

ALIGN TECHNOLOGY INC CIK: 1097149 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001097149-15-000012`
Period End Date	20150331
Filing Date	20150501
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	algn-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 30 Cash Flow Statement 60 Comprehensive Income 10

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts and returns	`AllowanceForDoubtfulAccountsReceivableAndSalesReturnsCurrent`	$1.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$199.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$242.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$189.98M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts and returns	`AllowanceForDoubtfulAccountsReceivableAndSalesReturnsCurrent`	$1.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$182.77M	USD	Point-in-time
Marketable securities, short-term	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$254.82M	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
Marketable securities, short-term	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$254.79M	USD	Point-in-time
Accounts receivable, net of allowances for doubtful accounts and returns of $1,461 and $1,563, respectively	`AccountsReceivableNetCurrent`	$129.75M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, net of allowances for doubtful accounts and returns of $1,461 and $1,563, respectively	`AccountsReceivableNetCurrent`	$138.16M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Inventories	`InventoryNet`	$15.93M	USD	Point-in-time
Inventories	`InventoryNet`	$14.57M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$29.87M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.77M	USD	Point-in-time
Deferred Tax Assets, Net, Current	`DeferredTaxAssetsLiabilitiesNetCurrent`	$37.05M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Deferred Tax Assets, Net, Current	`DeferredTaxAssetsLiabilitiesNetCurrent`	$29.91M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$657.31M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	80.20M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	80.73M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$657.16M	USD	Point-in-time
Marketable securities, long-term	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$147.89M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	80.73M	shares	Point-in-time
Marketable securities, long-term	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$168.17M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	80.20M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$90.12M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$99.76M	USD	Point-in-time
Goodwill and intangible assets, net	`Goodwill`	$81.27M	USD	Point-in-time
Goodwill and intangible assets, net	`Goodwill`	$82.06M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$14.63M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$3.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.25M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.67M	USD	Point-in-time
Total assets	`Assets`	$988.00M	USD	Point-in-time
Total assets	`Assets`	$1.03B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$25.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$23.25M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$81.71M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$87.88M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$93.87M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$90.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$200.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$201.81M	USD	Point-in-time
Taxes Payable	`TaxesPayableCurrentAndNoncurrent`	$31.83M	USD	Point-in-time
Taxes Payable	`TaxesPayableCurrentAndNoncurrent`	$30.48M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.46M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$234.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$235.23M	USD	Point-in-time
Commitments and contingencies (Note 6 and 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6 and 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; 80,734 and 80,205 issued and outstanding, respectively)	`CommonStockValue`	$8.00K	USD	Point-in-time
Common stock, $0.0001 par value (200,000 shares authorized; 80,734 and 80,205 issued and outstanding, respectively)	`CommonStockValue`	$8.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$789.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$783.41M	USD	Point-in-time
Accumulated other comprehensive loss, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-140.00K	USD	Point-in-time
Accumulated other comprehensive loss, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-106.00K	USD	Point-in-time
Retained Earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-30.51M	USD	Point-in-time
Retained Earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$4.18M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$793.53M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$752.77M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$988.00M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.03B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`SalesRevenueNet`	$198.09M	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$180.65M	USD	1 Quarter
Cost of net revenues	`CostOfRevenue`	$43.40M	USD	1 Quarter
Cost of net revenues	`CostOfRevenue`	$47.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$137.25M	USD	1 Quarter
Gross profit	`GrossProfit`	$151.09M	USD	1 Quarter
Selling, general and administrative	`SellingAndMarketingExpense`	$82.07M	USD	1 Quarter
Selling, general and administrative	`SellingAndMarketingExpense`	$88.28M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.88M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.38M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$95.45M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$102.17M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$48.92M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$41.80M	USD	1 Quarter
Interest and other income (expenses), net	`NonoperatingIncomeExpense`	$601.00K	USD	1 Quarter
Interest and other income (expenses), net	`NonoperatingIncomeExpense`	$-1.45M	USD	1 Quarter
Net income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$47.47M	USD	1 Quarter
Net income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$42.41M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.29M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.44M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.44	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	80.46M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	81.12M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.82M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.82M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$36.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.44M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$12.77M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$291.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.31M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.78M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$9.13M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$11.65M	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$4.78M	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$13.57M	USD	1 Quarter
Other non-cash operating activities	`OtherNoncashIncomeExpense`	$-2.61M	USD	1 Quarter
Other non-cash operating activities	`OtherNoncashIncomeExpense`	$-1.98M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.94M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.23M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.87M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.33M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.53M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.79M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.87M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$265.00K	USD	1 Quarter
Accrued and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.08M	USD	1 Quarter
Accrued and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-15.29M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$3.08M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$6.02M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.99M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$35.65M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.00M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.61M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$157.92M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$113.51M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$53.14M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$86.91M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$5.50M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$10.56M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$133.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-46.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-99.35M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.66M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$11.95M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$4.55M	USD	1 Quarter
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$1.78M	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$13.57M	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.78M	USD	1 Quarter
Employees taxes paid upon the vesting of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.45M	USD	1 Quarter
Employees taxes paid upon the vesting of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$14.65M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.10M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$21.06M	USD	1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$106.00K	USD	1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.78M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-60.19M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.89M	USD	1 Quarter
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$199.87M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$242.95M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$189.98M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$182.77M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$242.95M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$189.98M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$199.87M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$182.77M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$36.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.44M	USD	1 Quarter
Net change in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$106.00K	USD	1 Quarter
Net change in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-261.00K	USD	1 Quarter
Change in unrealized gains (losses) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$295.00K	USD	1 Quarter
Change in unrealized gains (losses) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$42.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$148.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$34.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$36.21M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$32.59M	USD	1 Quarter

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