Company: ALGN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001097149-25-000034
Chunk: 41

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 41
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 (49,527)— Stock-based compensation— — 38,788 — — 38,788 Balance as of March 31, 202475,281 $7 $1,238,739 $18,439 $2,502,675 $3,759,860 

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

6 

ALIGN TECHNOLOGY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands) 

(unaudited) 

 Three Months EndedMarch 31, 20252024CASH FLOWS FROM OPERATING ACTIVITIES:Net income $93,230 $105,028 Adjustments to reconcile net income to net cash provided by operating activities:Deferred taxes33,683 18,047 Depreciation and amortization39,148 32,946 Stock-based compensation44,997 38,788 Non-cash operating lease cost9,457 9,612 Other non-cash operating activities2,950 (2,359)Changes in assets and liabilities, net of effects of acquisitions:Accounts receivable(65,302)(69,589)Inventories7,396 15,573 Prepaid expenses and other assets(21,970)(79,160)Accounts payable8,575 4,100 Accrued and other long-term liabilities(67,877)(34,473)Long-term income tax payable3,316 4,570 Deferred revenues(34,927)(14,419)Net cash provided by operating activities52,676 28,664 CASH FLOWS FROM INVESTING ACTIVITIES:Acquisitions, net of cash acquired— (77,075)Purchase of property, plant and equipment(25,289)(9,369)Proceeds from maturities of marketable securities— 6,035 Proceeds from sales of marketable securities— 831 Other investing activities— (6)Net cash used in investing activities(25,289)(79,584)CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from issuance of common stock13,909 14,339 Common stock repurchases, net of excise tax(201,088)— Payroll taxes paid upon the vesting of equity awards(19,577)(26,055)Net cash used in financing activities(