Company: ALGN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001097149-25-000064
Chunk: 7

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 7
---
ories9,044 31,396 Prepaid expenses and other assets(22,701)(80,904)Accounts payable(7,516)(6,398)Accrued and other long-term liabilities(35,503)44,779 Long-term income tax payable7,092 (12,961)Deferred revenues(64,742)(27,932)Net cash provided by operating activities181,326 188,491 CASH FLOWS FROM INVESTING ACTIVITIES:Acquisitions, net of cash acquired— (77,075)Purchase of property, plant and equipment(46,768)(62,819)Proceeds from maturities of marketable securities— 15,560 Proceeds from sales of marketable securities— 7,518 Purchase of equity investments(10,000)(75,390)Other investing activities— 129 Net cash used in investing activities(56,768)(192,077)CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from issuance of common stock13,909 14,339 Common stock repurchases, net of excise tax(297,134)(150,012)Payroll taxes paid upon the vesting of equity awards(19,830)(27,602)Net cash used in financing activities(303,055)(163,275)Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash35,876 (9,196)Net decrease in cash, cash equivalents, and restricted cash(142,621)(176,057)Cash, cash equivalents and restricted cash at beginning of the period1,044,963 938,519 Cash, cash equivalents and restricted cash at end of the period$902,342 $762,462                                                  

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

8 

ALIGN TECHNOLOGY, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

Note 1. Summary of Significant Accounting Policies

Basis of Presentation and PreparationThe accompanying unaudited Condensed Consolidated Financial Statements have been prepared by Align Technology, Inc. (“we”, “our”, the “Company” or “Align”) on a consistent basis with the audited Consolidated Financial Statements for the year ended December 31, 2024, and contain all adjustments, including normal recurring adjustments, necessary to fairly state the information set forth herein. These una