10-Q Filing

ALIGN TECHNOLOGY INC CIK: 1097149 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001097149-18-000019`
Period End Date	20180331
Filing Date	20180503
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	algn-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 34 Cash Flow Statement 68 Comprehensive Income 10

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$449.51M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts and returns	`AllowanceForDoubtfulAccountsReceivableAndSalesReturnsCurrent`	$5.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$498.00M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts and returns	`AllowanceForDoubtfulAccountsReceivableAndSalesReturnsCurrent`	$2.73M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Marketable securities, short-term	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$272.03M	USD	Point-in-time
Marketable securities, short-term	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$164.74M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,735 and $5,814, respectively	`AccountsReceivableNetCurrent`	$361.46M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,735 and $5,814, respectively	`AccountsReceivableNetCurrent`	$324.19M	USD	Point-in-time
Inventories	`InventoryNet`	$31.69M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$35.87M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$80.95M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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`	$108.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.16B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.17B	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
Common stock, shares issued	`CommonStockSharesIssued`	80.14M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	80.04M	shares	Point-in-time
Marketable securities, long-term	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$39.95M	USD	Point-in-time
Marketable securities, long-term	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$10.21M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	80.04M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$400.53M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$348.79M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	80.14M	shares	Point-in-time
Equity method investments	`EquityMethodInvestments`	$54.61M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$52.83M	USD	Point-in-time
Goodwill and intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$87.63M	USD	Point-in-time
Goodwill and intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$89.07M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$49.33M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$45.52M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.23M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$43.89M	USD	Point-in-time
Total assets	`Assets`	$1.78B	USD	Point-in-time
Total assets	`Assets`	$1.78B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$41.88M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$180.09M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$195.56M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$267.71M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$296.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$517.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$500.05M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrentAndNoncurrent`	$114.09M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrentAndNoncurrent`	$119.35M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$17.94M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$15.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$629.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$655.27M	USD	Point-in-time
Commitments and contingencies (Notes 8 and 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 8 and 9)	`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; 80,144 and 80,040 issued and outstanding, respectively)	`CommonStockValue`	$8.00K	USD	Point-in-time
Common stock, $0.0001 par value (200,000 shares authorized; 80,144 and 80,040 issued and outstanding, respectively)	`CommonStockValue`	$8.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$858.63M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$886.43M	USD	Point-in-time
Accumulated other comprehensive income (loss), net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.48M	USD	Point-in-time
Accumulated other comprehensive income (loss), net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$571.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$267.34M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$267.27M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.13B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.15B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.78B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.78B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`SalesRevenueNet`	$310.34M	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$436.92M	USD	1 Quarter
Cost of net revenues	`CostOfRevenue`	$74.72M	USD	1 Quarter
Cost of net revenues	`CostOfRevenue`	$109.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$235.62M	USD	1 Quarter
Gross profit	`GrossProfit`	$327.41M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$199.62M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$151.15M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$29.59M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$22.80M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$229.22M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$173.95M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$61.67M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$98.19M	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$2.18M	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$1.20M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$450.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$177.00K	USD	1 Quarter
Net income before provision for (benefit from) income taxes and equity in losses of investee	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$100.55M	USD	1 Quarter
Net income before provision for (benefit from) income taxes and equity in losses of investee	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$63.32M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-7.22M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$2.90M	USD	1 Quarter
Equity in losses of investee, net of tax	`IncomeLossFromEquityMethodInvestments`	$-1.12M	USD	1 Quarter
Equity in losses of investee, net of tax	`IncomeLossFromEquityMethodInvestments`	$-1.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$69.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$95.87M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.87	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$1.20	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.85	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.17	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	79.90M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	80.04M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.53M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.63M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$69.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$95.87M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$4.07M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$7.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.43M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$15.83M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$14.81M	USD	1 Quarter
Equity in losses of investee	`IncomeLossFromEquityMethodInvestments`	$-1.12M	USD	1 Quarter
Equity in losses of investee	`IncomeLossFromEquityMethodInvestments`	$-1.78M	USD	1 Quarter
Other non-cash operating activities	`OtherNoncashIncomeExpense`	$-474.00K	USD	1 Quarter
Other non-cash operating activities	`OtherNoncashIncomeExpense`	$-2.08M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$36.03M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$24.52M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.92M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.87M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$527.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.60M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.52M	USD	1 Quarter
Accrued and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-35.47M	USD	1 Quarter
Accrued and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-40.89M	USD	1 Quarter
Long-term income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.19M	USD	1 Quarter
Long-term income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.26M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$11.69M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$28.39M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$77.33M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$47.62M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$8.95M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.58M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$59.57M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$169.78M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	-	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$126.83M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$87.00M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$11.68M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$9.56M	USD	1 Quarter
Loan advances to equity investee	`PaymentsToAcquireLoansReceivable`	$8.00M	USD	1 Quarter
Loan advances to equity investee	`PaymentsToAcquireLoansReceivable`	-	USD	1 Quarter
Loan repayment from equity investee	`ProceedsFromCollectionOfLoansReceivable`	$30.00M	USD	1 Quarter
Loan repayment from equity investee	`ProceedsFromCollectionOfLoansReceivable`	-	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-462.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$850.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-148.46M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$109.27M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$7.29M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$8.02M	USD	1 Quarter
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$3.79M	USD	1 Quarter
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$100.00M	USD	1 Quarter
Employees taxes paid upon the vesting of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$47.84M	USD	1 Quarter
Employees taxes paid upon the vesting of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$36.50M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-33.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-139.82M	USD	1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.72M	USD	1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.43M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-131.41M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$48.49M	USD	1 Quarter
Cash, cash equivalents, and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$450.12M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$393.02M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$261.61M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$498.62M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$450.12M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$393.02M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$261.61M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$498.62M	USD	Point-in-time
Accounts payable or accrued liabilities related to property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$7.66M	USD	1 Quarter
Accounts payable or accrued liabilities related to property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$18.74M	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$69.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$95.87M	USD	1 Quarter
Net change in foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-459.00K	USD	1 Quarter
Net change in foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.04M	USD	1 Quarter
Change in unrealized gains (losses) on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$15.00K	USD	1 Quarter
Change in unrealized gains (losses) on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-129.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$913.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-444.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$68.98M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$96.78M	USD	1 Quarter

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