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Fundamentals

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update)
Net Sales 2,406.80 1,966.49 1,473.41 1,079.87
Revenue 2,406.80 1,966.49 1,473.41 1,079.87
Total Revenue 2,406.80 1,966.49 1,473.41 1,079.87
Cost of Revenue 662.90 518.63 356.47 264.58
Cost of Revenue, Total 662.90 518.63 356.47 264.58
Gross Profit 1,743.90 1,447.87 1,116.95 815.29
Selling/General/Administrative Expense 989.84 795.98 619.23 448.04
Labor & Related Expense 69.82 56.42 46.55 42.61
Selling/General/Administrative Expenses, Total 1,059.65 852.40 665.78 490.65
Research & Development 157.36 128.90 97.56 75.72
Depreciation 12.40 -- -- --
Amortization of Intangibles, Operating -- -- -- --
Depreciation/Amortization 12.40 -- -- --
Restructuring Charge 1.30 -- -- --
Litigation -51.00 -- -- --
Impairment-Assets Held for Use 28.49 -- -- --
Other Unusual Expense (Income) -6.80 -- -- --
Unusual Expense (Income) -28.01 -- -- --
Total Operating Expense 1,864.30 1,499.93 1,119.80 830.95
Operating Income 542.49 466.56 353.61 248.92
Interest Expense - Non-Operating -- -- -- --
Interest Expense, Net Non-Operating -- -- -- --
Interest Income, Non-Operating 12.48 8.58 -- --
Interest/Investment Income, Non-Operating 12.48 8.58 -- --
Interest Income (Expense), Net Non-Operating -- -- 11.19 -6.36
Interest Income (Expense), Net-Non-Operating, Total 12.48 8.58 11.19 -6.36
Other Non-Operating Income (Expense) 7.68 -8.49 -- --
Other, Net 7.68 -8.49 -- --
Net Income Before Taxes 562.65 466.65 364.80 242.57
Income Tax – Total 112.35 57.72 45.86 51.20
Income After Tax 450.30 408.93 318.94 191.37
Equity In Affiliates -7.53 -8.69 -3.22 -1.68
Net Income Before Extraordinary Items 442.78 400.24 315.72 189.68
Extraordinary Item -- -- -84.30 --
Total Extraordinary Items -- -- -84.30 --
Net Income 442.78 400.24 231.42 189.68
Income Available to Common Excluding Extraordinary Items 442.78 400.24 315.72 189.68
Income Available to Common Stocks Including Extraordinary Items 442.78 400.24 231.42 189.68
Basic Weighted Average Shares 79.42 80.06 80.09 79.86
Basic EPS Excluding Extraordinary Items 5.57 5.00 3.94 2.38
Basic EPS Including Extraordinary Items 5.57 5.00 2.89 2.38
Dilution Adjustment -- -- -- --
Diluted Net Income 442.78 400.24 231.42 189.68
Diluted Weighted Average Shares 80.10 81.36 81.83 81.48
Diluted EPS Excluding Extraordinary Items 5.53 4.92 3.86 2.33
Diluted EPS Including Extraordinary Items 5.53 4.92 2.83 2.33
DPS - Common Stock Primary Issue -- -- 0.00 0.00
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00
Impairment-Assets Held for Sale, Supplemental 4.00 -- -- --
Other Unusual Expense (Income), Supplemental -- -- -- --
Non-Recurring Items, Total 4.00 -- -- --
Total Special Items -24.01 -- -- --
Normalized Income Before Taxes 538.64 466.65 364.80 242.57
Effect of Special Items on Income Taxes -4.79 -- -- --
Income Taxes Excluding Impact of Special Items 107.55 57.72 45.86 51.20
Normalized Income After Taxes 431.09 408.93 318.94 191.37
Normalized Income Available to Common 423.56 400.24 315.72 189.68
Basic Normalized EPS 5.33 5.00 3.94 2.38
Diluted Normalized EPS 5.29 4.92 3.86 2.33
Amortization of Intangibles, Supplemental 5.90 6.00 -- --
Depreciation, Supplemental 73.09 48.73 37.74 24.00
Interest Expense, Supplemental -- -- -- --
Rental Expense, Supplemental 24.68 16.50 13.80 9.90
Stock-Based Compensation, Supplemental 88.18 70.76 58.85 54.15
Advertising Expense, Supplemental 119.10 88.40 70.00 36.00
Equity in Affiliates, Supplemental -7.53 -8.69 -3.22 -1.68
Research & Development Expense, Supplemental 157.36 128.90 97.56 75.72
Audit-Related Fees, Supplemental 4.25 3.17 2.93 3.41
Audit-Related Fees 0.01 0.11 0.27 0.92
Tax Fees, Supplemental 1.90 1.14 1.05 1.69
Gross Margin 72.46 73.63 75.81 75.50
Operating Margin 22.54 23.73 24.00 23.05
Pretax Margin 23.38 23.73 24.76 22.46
Effective Tax Rate 19.97 12.37 12.57 21.11
Net Profit Margin 18.40 20.35 21.43 17.57
Normalized EBIT 518.48 466.56 353.61 248.92
Normalized EBITDA 597.47 521.29 391.35 272.92
Current Tax - Domestic 76.53 35.79 17.31 40.24
Current Tax - Foreign 28.36 22.75 15.29 8.96
Current Tax - Local 9.17 9.57 2.58 2.60
Current Tax - Total 114.06 68.11 35.18 51.80
Deferred Tax - Domestic 1.24 -5.99 5.32 -28.03
Deferred Tax - Foreign -3.16 -1.12 2.68 24.79
Deferred Tax - Local 0.21 -3.27 2.68 2.64
Deferred Tax - Total -1.71 -10.39 10.68 -0.60
Income Tax - Total 112.35 57.72 45.86 51.20
Defined Contribution Expense - Domestic 6.20 5.20 4.30 3.40
Total Pension Expense 6.20 5.20 4.30 3.40
 

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