Align Technology Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	429.89	410.35	421.36	445.05	361.57	772.02
Depreciation & Amortization	254.84	237.44	145.03	142.4	125.79	108.73
Stock-Based Compensation	181.8	185.87	173.7	154.03	133.37	114.34
Other Adjustments	103.02	115.58	70.57	52.19	32.31	23.22
Change in Receivables	-115.6	-139.91	-153.49	-104.61	21.55	-262.07
Changes in Inventories	2.76	0.81	25.05	30.17	-130.1	-112.45
Changes in Accounts Payable	1.68	5.33	-0.84	-7.7	-36.52	19.75
Changes in Accrued Expenses	-22.4	-95.65	89.71	46.33	-121.94	158.54
Changes in Income Taxes Payable	-32.49	-28.27	-20.28	-7.77	6.33	12.45
Changes in Unearned Revenue	-107.88	-111.76	-80.11	86.71	241.89	462.64
Changes in Other Operating Activities	-9.09	13.43	67.53	-51.01	-65.51	-124.63
Operating Cash Flow	691.59	593.22	738.23	785.78	568.73	1,173
Operating Cash Flow Growth	-9.27%	-19.64%	-6.05%	38.16%	-51.50%	77.07%
Capital Expenditures	-107.94	-102.45	-115.58	-177.72	-291.9	-401.1
Purchases of Investments	-91.83	-10	-106.35	-79.91	-28	-200.93
Proceeds from Sale of Investments	-	-	43.85	61.4	121.1	3.61
Payments for Business Acquisitions	-18.96	-	-77.08	-	-12.3	-8
Other Investing Activities	-	-	0.24	0.28	-2.21	42.99
Investing Cash Flow	-218.74	-112.45	-254.91	-195.94	-213.32	-563.43
Issuance of Common Stock	19.56	21.75	25.28	26.6	26.15	25.62
Repurchase of Common Stock	-296.05	-465.94	-352.88	-592.36	-435.04	-375.04
Net Common Stock Issued (Repurchased)	-276.49	-444.19	-327.6	-565.77	-408.89	-349.42
Other Financing Activities	-29.46	-20.39	-28.13	-32.58	-92.8	-108.92
Financing Cash Flow	-305.95	-464.58	-355.72	-598.34	-501.69	-458.33
Effect of Exchange Rate Changes on Cash and Cash Equivalents	20.16	35.03	-21.15	4.67	-11.51	-12.12
Net Cash Flow	187.06	51.22	106.44	-3.84	-157.78	138.67
Free Cash Flow	583.65	490.78	622.65	608.06	276.83	771.45
Free Cash Flow Growth	18.92%	-21.18%	2.40%	119.65%	-64.11%	52.08%
FCF Margin	14.25%	12.16%	15.57%	15.74%	7.41%	19.52%
Free Cash Flow Per Share	8.10	6.76	8.30	7.94	3.53	9.68
Levered Free Cash Flow	409.36	329.24	531.87	506.46	89.6	895.95
Unlevered Free Cash Flow	382.49	301.52	530.95	507.94	115.88	868.49

SEC Filings: 10-K · 10-Q