Company: ALGN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001097149-25-000064
Chunk: 6

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 6
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 $2,456,562 $3,757,908 

Common StockAdditional Paid-In CapitalAccumulated Other Comprehensive Income (Loss), NetRetained EarningsTotalSix Months Ended June 30, 2024SharesAmountBalance as of December 31, 202375,075 $7 $1,162,140 $21,168 $2,447,174 $3,630,489 Net income— — — — 201,592 201,592 Net change in unrealized gains (losses) from investments— — — 446 — 446 Net change in foreign currency translation adjustment— — — 3,427 — 3,427 Issuance of common stock relating to employee equity compensation plans345 — 14,339 — — 14,339 Tax withholdings related to net share settlements of equity awards(90)— (27,602)— — (27,602)Common stock repurchased and retired(634)— (7,922)— (142,677)(150,599)Equity forward contract related to accelerated stock repurchase— — 49,527 — (49,527)— Stock-based compensation— — 85,816 — — 85,816 Balance as of June 30, 202474,696 $7 $1,276,298 $25,041 $2,456,562 $3,757,908 

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

7 

ALIGN TECHNOLOGY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands) 

(unaudited) 

 Six Months EndedJune 30, 20252024CASH FLOWS FROM OPERATING ACTIVITIES:Net income $217,838 $201,592 Adjustments to reconcile net income to net cash provided by operating activities:Deferred taxes(759)9,506 Depreciation and amortization79,724 69,112 Stock-based compensation93,205 85,816 Non-cash operating lease cost19,457 19,040 Other non-cash operating activities7,593 2,377 Changes in assets and liabilities, net of effects of acquisitions:Accounts receivable(121,406)(146,932)Invent