Align Technology, Inc. (ALGN)

Align Technology Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	3,862	3,735	3,953	2,472	2,407
Revenue Growth (YoY)	3.42%	-5.51%	59.90%	2.71%	22.39%
Cost of Revenue	1,155	1,101	1,017	708.71	662.9
Gross Profit	2,707	2,634	2,935	1,763	1,744
Selling, General & Admin	1,703	1,674	1,709	1,201	1,072
Research & Development	346.83	305.26	250.32	175.31	157.36
Other Operating Expenses	13.32	11.45	0	0	-28.01
Operating Expenses	2,064	1,991	1,959	1,376	1,201
Operating Income	643.34	642.6	976.4	387.17	542.49
Other Expense / Income	2.13	43.54	-36.02	8.22	-12.63
Pretax Income	641.2	599.06	1,012	378.95	555.12
Income Tax	196.15	237.48	240.4	-1,396.94	112.35
Net Income	445.05	361.57	772.02	1,776	442.78
Net Income Growth	23.09%	-53.17%	-56.53%	301.08%	10.63%
Shares Outstanding (Basic)	76	78	79	79	79
Shares Outstanding (Diluted)	77	78	80	79	80
Shares Change	-2.36%	-1.57%	0.56%	-1.09%	-1.55%
EPS (Basic)	5.82	4.62	9.78	22.55	5.57
EPS (Diluted)	5.81	4.61	9.69	22.41	5.53
EPS Growth	26.03%	-52.43%	-56.76%	305.24%	12.40%
Free Cash Flow	608.06	276.83	771.45	507.26	597.56
Free Cash Flow Per Share	7.96	3.54	9.78	6.44	7.52
Gross Margin	70.08%	70.52%	74.26%	71.33%	72.46%
Operating Margin	16.66%	17.21%	24.70%	15.66%	22.54%
Profit Margin	11.52%	9.68%	19.53%	71.84%	18.40%
Free Cash Flow Margin	15.74%	7.41%	19.52%	20.52%	24.83%
Effective Tax Rate	30.59%	39.64%	23.75%	-368.64%	20.24%
EBITDA	816.71	755.37	1,148	494.95	652.59
EBITDA Margin	21.15%	20.23%	29.04%	20.02%	27.11%
Depreciation & Amortization	175.51	156.31	135.54	116.01	97.47
EBIT	641.2	599.06	1,012	378.95	555.12
EBIT Margin	16.60%	16.04%	25.61%	15.33%	23.06%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).