Align Technology Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	410.35	421.36	445.05	361.57	772.02
Depreciation & Amortization	-	145.03	142.4	125.79	108.73
Loss (Gain) From Sale of Investments	-	-5.89	4.99	-	-
Stock-Based Compensation	-	173.7	154.03	133.37	114.34
Other Operating Activities	182.87	76.45	47.2	32.31	23.22
Change in Accounts Receivable	-	-153.49	-104.61	21.55	-262.07
Change in Inventory	-	25.05	30.17	-130.1	-112.45
Change in Accounts Payable	-	-0.84	-7.7	-36.52	19.75
Change in Unearned Revenue	-	-80.11	86.71	241.89	462.64
Change in Income Taxes	-	-20.28	-7.77	6.33	12.45
Change in Other Net Operating Assets	-	157.23	-4.69	-187.46	33.92
Operating Cash Flow	593.22	738.23	785.78	568.73	1,173
Operating Cash Flow Growth	-19.64%	-6.05%	38.16%	-51.50%	77.08%
Capital Expenditures	-	-115.58	-177.72	-291.9	-401.1
Cash Acquisitions	-	-77.08	-	-12.3	-8
Investment in Securities	-	-62.49	-18.51	93.1	-197.32
Other Investing Activities	-112.45	0.24	0.28	-2.21	42.99
Investing Cash Flow	-112.45	-254.91	-195.94	-213.32	-563.43
Issuance of Common Stock	-	25.28	26.6	26.15	25.62
Repurchase of Common Stock	-	-381	-614.94	-487.84	-483.96
Other Financing Activities	-464.58	-	-10	-40	-
Financing Cash Flow	-464.58	-355.72	-598.34	-501.69	-458.33
Foreign Exchange Rate Adjustments	35.03	-21.15	4.67	-11.51	-12.12
Net Cash Flow	51.22	106.44	-3.84	-157.78	138.67
Free Cash Flow	593.22	622.65	608.06	276.83	771.45
Free Cash Flow Growth	-4.73%	2.40%	119.65%	-64.11%	52.08%
Free Cash Flow Margin	14.70%	15.57%	15.74%	7.41%	19.52%
Free Cash Flow Per Share	8.17	8.30	7.94	3.53	9.68
Cash Income Tax Paid	-	177.08	294.57	231.88	203.31
Levered Free Cash Flow	410.96	620.71	618.14	271.93	595.67
Unlevered Free Cash Flow	410.96	620.71	618.14	271.93	595.67
Change in Working Capital	-	-72.43	-7.89	-84.31	154.24

Source: S&P Global Market Intelligence. Standard template. Financial Sources.