Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Align Technology Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Accounts payable	127,870)	163,886)	142,132)	87,250)	64,256)
Accrued payroll and benefits	149,508)	288,355)	170,106)	162,486)	127,109)
Accrued income taxes	74,323)	33,838)	30,130)	14,130)	5,752)
Accrued expenses	64,341)	67,169)	42,536)	55,529)	39,323)
Accrued sales and marketing expenses	36,407)	41,387)	34,488)	—)	—)
Current operating lease liabilities	26,574)	22,719)	21,735)	15,737)	—)
Accrued property, plant and equipment	19,922)	46,561)	27,692)	9,167)	8,193)
Other accrued liabilities	83,299)	107,286)	78,895)	62,909)	54,302)
Accrued liabilities	454,374)	607,315)	405,582)	319,958)	234,679)
Deferred revenues	1,343,643)	1,152,870)	777,887)	563,762)	393,138)
Current liabilities	1,925,887)	1,924,071)	1,325,601)	970,970)	692,073)
Income tax payable	124,393)	118,072)	105,748)	102,794)	78,008)
Long-term operating lease liabilities	100,334)	102,656)	64,445)	43,463)	—)
Other long-term liabilities	195,975)	174,597)	100,024)	37,306)	29,486)
Noncurrent liabilities	420,702)	395,325)	270,217)	183,563)	107,494)
Total liabilities	2,346,589)	2,319,396)	1,595,818)	1,154,533)	799,567)
Preferred stock, $0.0001 par value; none issued	—)	—)	—)	—)	—)
Common stock, $0.0001 par value	8)	8)	8)	8)	8)
Additional paid-in capital	1,044,946)	999,006)	974,556)	906,937)	877,514)
Accumulated other comprehensive income (loss), net	(10,284)	4,326)	43,501)	(688)	(2,774)
Retained earnings	2,566,688)	2,619,374)	2,215,800)	439,912)	378,143)
Stockholders’ equity	3,601,358)	3,622,714)	3,233,865)	1,346,169)	1,252,891)
Total liabilities and stockholders’ equity	5,947,947)	5,942,110)	4,829,683)	2,500,702)	2,052,458)

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).

Download chart

Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Align Technology Inc. current liabilities increased from 2020 to 2021 and from 2021 to 2022.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Align Technology Inc. noncurrent liabilities increased from 2020 to 2021 and from 2021 to 2022.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Align Technology Inc. total liabilities increased from 2020 to 2021 and from 2021 to 2022.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Align Technology Inc. stockholders’ equity increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.

Align Technology Inc. (NASDAQ:ALGN)

Balance Sheet: Liabilities and Stockholders’ Equity