Company: ALGN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001097149-25-000012
Chunk: 5

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 5
---
 loss30,968 — — Total operating expenses2,191,531 2,063,525 1,991,180 Income from operations607,628 643,338 642,595 Interest income and other income (expense), net:Interest income20,218 17,258 5,367 Other income (expense), net(18,887)(19,392)(48,905)Total interest income and other income (expense), net1,331 (2,134)(43,538)Net income before provision for income taxes608,959 641,204 599,057 Provision for income taxes187,597 196,151 237,484 Net income$421,362 $445,053 $361,573 Net income per share:Basic$5.63 $5.82 $4.62 Diluted$5.62 $5.81 $4.61 Shares used in computing net income per share:Basic74,877 76,426 78,190 Diluted74,993 76,568 78,420 

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

58

ALIGN TECHNOLOGY, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

 Year Ended December 31, 202420232022Net income $421,362 $445,053 $361,573 Other comprehensive income (loss):Change in foreign currency translation adjustment, net of tax(15,786)28,419 (11,480)Change in unrealized gains (losses) on investments, net of tax596 3,033 (3,130)Other comprehensive income (loss)(15,190)31,452 (14,610)Comprehensive income $406,172 $476,505 $346,963 

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

59

ALIGN TECHNOLOGY, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data)

December 31,20242023ASSETSCurrent assets:Cash and cash equivalents$1,043,887 $937,438 Marketable securities, short-term— 35,304 Accounts receivable, net of allowance for doubtful accounts of $19,131 and