Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Align Technology Inc., adjusted current assets

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current assets	2,424,391)	2,494,075)	1,849,538)	1,633,419)	1,302,479)
Adjustments
Add: Allowance for doubtful accounts	10,343)	9,245)	10,239)	6,756)	2,378)
After Adjustment
Adjusted current assets	2,434,734)	2,503,320)	1,859,777)	1,640,175)	1,304,857)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Align Technology Inc., adjusted total assets

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total assets	5,947,947)	5,942,110)	4,829,683)	2,500,702)	2,052,458)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	106,676)
Add: Allowance for doubtful accounts	10,343)	9,245)	10,239)	6,756)	2,378)
Less: Deferred tax assets²	1,571,746)	1,533,767)	1,552,831)	64,007)	64,689)
After Adjustment
Adjusted total assets	4,386,544)	4,417,588)	3,287,091)	2,443,451)	2,096,823)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

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Align Technology Inc., adjusted current liabilities

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current liabilities	1,925,887)	1,924,071)	1,325,601)	970,970)	692,073)
Adjustments
Less: Deferred revenues, current	1,343,643)	1,152,870)	777,887)	563,762)	393,138)
Less: Accrued warranty, current	17,873)	16,169)	12,615)	11,205)	8,551)
After Adjustment
Adjusted current liabilities	564,371)	755,032)	535,099)	396,003)	290,384)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Align Technology Inc., adjusted total liabilities

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total liabilities	2,346,589)	2,319,396)	1,595,818)	1,154,533)	799,567)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	106,676)
Less: Deferred tax liabilities²	29,866)	30,624)	35,691)	90)	466)
Less: Deferred revenues	1,504,305)	1,289,554)	840,438)	599,265)	410,189)
Less: Accrued warranty	17,873)	16,169)	12,615)	11,205)	8,551)
After Adjustment
Adjusted total liabilities	794,545)	983,049)	707,074)	543,973)	487,037)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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Align Technology Inc., adjusted stockholders’ equity

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Stockholders’ equity	3,601,358)	3,622,714)	3,233,865)	1,346,169)	1,252,891)
Adjustments
Less: Net deferred tax assets (liabilities)¹	1,541,880)	1,503,143)	1,517,140)	63,917)	64,223)
Add: Allowance for doubtful accounts	10,343)	9,245)	10,239)	6,756)	2,378)
Add: Deferred revenues	1,504,305)	1,289,554)	840,438)	599,265)	410,189)
Add: Accrued warranty	17,873)	16,169)	12,615)	11,205)	8,551)
After Adjustment
Adjusted stockholders’ equity	3,591,999)	3,434,539)	2,580,017)	1,899,478)	1,609,786)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Net deferred tax assets (liabilities). See details »

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Align Technology Inc., adjusted capitalization table

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total reported debt	—)	—)	—)	—)	—)
Stockholders’ equity	3,601,358)	3,622,714)	3,233,865)	1,346,169)	1,252,891)
Total reported capital	3,601,358)	3,622,714)	3,233,865)	1,346,169)	1,252,891)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	106,676)
Add: Current operating lease liabilities²	26,574)	22,719)	21,735)	15,737)	—)
Add: Long-term operating lease liabilities³	100,334)	102,656)	64,445)	43,463)	—)
Adjusted total debt	126,908)	125,375)	86,180)	59,200)	106,676)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	1,541,880)	1,503,143)	1,517,140)	63,917)	64,223)
Add: Allowance for doubtful accounts	10,343)	9,245)	10,239)	6,756)	2,378)
Add: Deferred revenues	1,504,305)	1,289,554)	840,438)	599,265)	410,189)
Add: Accrued warranty	17,873)	16,169)	12,615)	11,205)	8,551)
Adjusted stockholders’ equity	3,591,999)	3,434,539)	2,580,017)	1,899,478)	1,609,786)
After Adjustment
Adjusted total capital	3,718,907)	3,559,914)	2,666,197)	1,958,678)	1,716,462)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities. See details »

³ Long-term operating lease liabilities. See details »

⁴ Net deferred tax assets (liabilities). See details »

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Align Technology Inc., adjusted net revenues

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Net revenues	3,734,635)	3,952,584)	2,471,941)	2,406,796)	1,966,492)
Adjustment
Add: Increase (decrease) in deferred revenues	214,751)	449,116)	241,173)	189,076)	137,888)
After Adjustment
Adjusted net revenues	3,949,386)	4,401,700)	2,713,114)	2,595,872)	2,104,380)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Align Technology Inc., adjusted net income

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Net income	361,573)	772,020)	1,775,888)	442,776)	400,235)
Adjustments
Add: Deferred income tax expense (benefit)¹	(41,724)	11,974)	(1,490,491)	(1,714)	(10,386)
Add: Increase (decrease) in allowance for doubtful accounts	1,098)	(994)	3,483)	4,378)	(3,436)
Add: Increase (decrease) in deferred revenues	214,751)	449,116)	241,173)	189,076)	137,888)
Add: Increase (decrease) in accrued warranty	1,704)	3,554)	1,410)	2,654)	2,622)
Add: Other comprehensive income (loss)	(14,610)	(39,175)	44,189)	2,086)	(3,345)
After Adjustment
Adjusted net income	522,792)	1,196,495)	575,652)	639,256)	523,578)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Deferred income tax expense (benefit). See details »

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Align Technology Inc. (NASDAQ:ALGN)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income