ALGN FY 2015 Earnings Report — Align Technology, Inc. Revenue & Financial Results | Market Cap Arena

Align Technology, Inc.ALGN

FY 2015 Earnings

Reported February 25, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$845M	—	$762M	—	11.0%
Op. Income	$189M	—	$194M	—	-2.6%
Gross Margin	75.7%	—	75.9%	—	-0.2pp
Net Margin	17.0%	—	19.1%	—	-2.1pp
EPS (Diluted)	$1.77	—	$1.77	—	0.0%
Free Cash Flow	$185M	—	$203M	—	-9.0%

Revenue Flow

Item	Amount
REVENUE	$845M
Cost of Revenue	$205M
GROSS PROFIT	$640M
R&D Expenses	$61M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$0
Operating Expenses	$451M
Cost & Expenses	$657M
OPERATING INCOME	$189M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$186M
Income Tax Expense	$42M
Net Income from Continuing Ops	$144M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$144M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$144M
D&A	$18M
EBIT	$189M
EBITDA	$207M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$845M
Cost of Revenue	$205M
GROSS PROFIT	$640M
R&D Expenses	$61M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$0
Operating Expenses	$451M
Cost & Expenses	$657M
OPERATING INCOME	$189M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$186M
Income Tax Expense	$42M
Net Income from Continuing Ops	$144M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$144M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$144M
D&A	$18M
EBIT	$189M
EBITDA	$207M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$144M
Depreciation & Amortization	$18M
Stock-Based Compensation	$53M
Deferred Income Tax	-$1M
Other Non-Cash Items	$3M
Change in Working Capital	$21M
OPERATING CASH FLOW	$238M
Capital Expenditure	-$53M
Acquisitions (Net)	$0
Purchases of Investments	-$447M
Sales/Maturities of Investments	$334M
Other Investing Activities	$46.0K
NET CASH FROM INVESTING	-$166M
Net Debt Issuance	$0
Common Stock Repurchased	-$102M
Common Dividends Paid	$0
Other Financing Activities	-$10M
NET CASH FROM FINANCING	-$101M
FREE CASH FLOW	$185M
Net Change in Cash	-$32M

Balance Sheet

Item	Amount
Cash & Equivalents	$168M
Short-Term Investments	$360M
Net Receivables	$159M
Inventory	$19M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$732M
PP&E (Net)	$136M
Goodwill	$61M
Intangible Assets	$18M
Long-Term Investments	$151M
Tax Assets	$51M
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$427M
TOTAL ASSETS	$1.2B
Account Payables	$34M
Short-Term Debt	$0
Deferred Revenue	$130M
Other Current Liabilities	$45M
TOTAL CURRENT LIABILITIES	$272M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$39M
TOTAL NON-CURRENT LIABILITIES	$39M
TOTAL LIABILITIES	$311M
Common Stock	$8.0K
Additional Paid-In Capital	$822M
Retained Earnings	$27M
Treasury Stock	$0
Accum. Other Comp. Income	-$980.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$848M
Minority Interest	$0
TOTAL EQUITY	$848M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$0
Net Debt	-$168M