Company: ALGN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001097149-25-000012
Chunk: 106

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 106
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 costs related to internal use software, and bonus, partially offset by lower outside services expense.

Restructuring and other charges (in millions):

 Year Ended December 31,Year Ended December 31, 20242023Change20232022ChangeRestructuring and other charges$33.2 $13.3 $19.9 $13.3 $11.5 $1.9 % of net revenues0.8 %0.3 %0.3 %0.3 %

Changes and percentages are based on actual values. Certain tables may not sum or recalculate due to rounding.

Restructuring and other charges increased in 2024 compared to 2023 due to higher severance and other one-time post-employment benefits, driven by a more significant restructuring plan initiated in 2024. Refer to Note 17 “Restructuring and Other Charges” of the Notes to Consolidated Financial Statements for more information.

46

Legal settlement loss (in millions):

 Year Ended December 31,Year Ended December 31, 20242023Change20232022ChangeLegal settlement loss$31.0 $— $31.0 $— $— $— % of net revenues0.8 %— %— %— %

Changes and percentages are based on actual values. Certain tables may not sum or recalculate due to rounding.

Legal settlement loss incurred during 2024 was due to litigation and other settlements. Refer to Note 8 “Legal Proceedings” of the Notes to Consolidated Financial Statements for more information.

Income from operations (in millions):

 Year Ended December 31,Year Ended December 31, 20242023Change20232022ChangeClear AlignerIncome from operations$1,142.2 $1,182.3 $(40.1)$1,182.3 $1,134.4 $47.8 Operating margin %35.4 %37.0 %37.0 %36.9 %Systems and ServicesIncome from operations$269.2 $191.4 $77.9 $191.4 $179.8 $11.6 Operating margin %35.0 %28.9 %28.9 %27.2 %Total Income from operations 1$607.6 $643.3 $(35.7)$643.3 $642