Stock Analysis on Net
Stock Analysis on Net

Align Technology Inc. (NASDAQ:ALGN)

This company has been moved to the archive! The financial data has not been updated since November 3, 2023.

Common-Size Income Statement 

Align Technology Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net revenues 100.00 100.00 100.00 100.00 100.00
Cost of net revenues -29.48 -25.74 -28.67 -27.54 -26.37
Gross profit 70.52% 74.26% 71.33% 72.46% 73.63%
Selling, general and administrative -44.84 -43.23 -48.58 -44.54 -43.35
Research and development -8.17 -6.33 -7.09 -6.54 -6.55
Restructuring and other charges -0.31 0.00 0.00 0.00 0.00
Impairments and other charges (gains), net 0.00 0.00 0.00 -0.96 0.00
Litigation settlement gain 0.00 0.00 0.00 2.12 0.00
Operating expenses -53.32% -49.56% -55.67% -49.92% -49.90%
Income from operations 17.21% 24.70% 15.66% 22.54% 23.73%
Interest income 0.14 0.08 0.13 0.52 0.44
Other income (expense), net -1.31 0.83 -0.46 0.32 -0.43
Interest income and other income (expense), net -1.17% 0.91% -0.33% 0.84% 0.00%
Net income before (provision for) benefit from income taxes 16.04% 25.61% 15.33% 23.38% 23.73%
(Provision for) benefit from income taxes -6.36 -6.08 56.51 -4.67 -2.94
Equity in losses of investee, net of tax 0.00 0.00 0.00 -0.31 -0.44
Net income 9.68% 19.53% 71.84% 18.40% 20.35%

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).

Income statement item Description The company
Income from operations The net result for the period of deducting operating expenses from operating revenues. Align Technology Inc. income from operations as a percentage of net revenues increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Net income before (provision for) benefit from income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Align Technology Inc. net income before (provision for) benefit from income taxes as a percentage of net revenues increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Align Technology Inc. net income as a percentage of net revenues decreased from 2020 to 2021 and from 2021 to 2022.