Company: ALGN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001097149-25-000034
Chunk: 123

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 123
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, specified information about certain costs and expenses, including the amounts of inventory purchases, employee compensation, depreciation and intangible asset amortization. For public business entities, the provisions of ASU 2024-03 are effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. There will be no impact to our consolidated balance sheets or statements of operations; however, the Company is evaluating the effect of this pronouncement on our consolidated financial statement disclosures. 

Note 2. Financial Instruments

Cash, Cash Equivalents and Marketable SecuritiesThe following tables summarize our cash, cash equivalents and marketable securities balances in our Condensed Consolidated Balance Sheets as of March 31, 2025 and Consolidated Balance Sheets as of December 31, 2024 (in thousands):Reported as:March 31, 2025AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesFair ValueCash and Cash EquivalentsMarketable securities, short-termMarketable securities, long-termCash$757,327 $— $— $757,327 $757,327 $— $— Money market funds100,608 — — 100,608 100,608 — — Certificate of deposits15,077 — — 15,077 15,077 — — Total$873,012 $— $— $873,012 $873,012 $— $— Reported as:December 31, 2024AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesFair ValueCash and Cash EquivalentsMarketable securities, short-termMarketable securities, long-termCash$752,423 $— $— $752,423 $752,423 $— $— Money market funds291,464 — — 291,464 291,464 — — Total$1,043,887 $— $— $1,043,887 $1,043,887 $— $— We had no short-term or long-term marketable securities as of March 31, 2025 or December 31, 2024.Fair Value MeasurementsFair value is an exit price, representing the amount that would be received