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Fundamentals

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update)
Net Sales 1,966.49 1,473.41 1,079.87 845.49
Revenue 1,966.49 1,473.41 1,079.87 845.49
Total Revenue 1,966.49 1,473.41 1,079.87 845.49
Cost of Revenue 518.63 356.47 264.58 205.38
Cost of Revenue, Total 518.63 356.47 264.58 205.38
Gross Profit 1,447.87 1,116.95 815.29 640.11
Selling/General/Administrative Expense 795.98 619.23 448.04 349.43
Labor & Related Expense 56.42 46.55 42.61 40.81
Selling/General/Administrative Expenses, Total 852.40 665.78 490.65 390.24
Research & Development 128.90 97.56 75.72 61.24
Amortization of Intangibles, Operating -- -- -- --
Depreciation/Amortization -- -- -- --
Restructuring Charge -- -- -- --
Litigation -- -- -- --
Impairment-Assets Held for Use -- -- -- 0.00
Other Unusual Expense (Income) -- -- -- --
Unusual Expense (Income) -- -- -- 0.00
Total Operating Expense 1,499.93 1,119.80 830.95 656.85
Operating Income 466.56 353.61 248.92 188.63
Interest Expense - Non-Operating -- -- -- --
Interest Expense, Net Non-Operating -- -- -- --
Interest Income, Non-Operating 8.58 -- -- --
Interest/Investment Income, Non-Operating 8.58 -- -- --
Interest Income (Expense), Net Non-Operating -- 11.19 -6.36 -2.53
Interest Income (Expense), Net-Non-Operating, Total 8.58 11.19 -6.36 -2.53
Other Non-Operating Income (Expense) -8.49 -- -- --
Other, Net -8.49 -- -- --
Net Income Before Taxes 466.65 364.80 242.57 186.10
Income Tax – Total 57.72 45.86 51.20 42.08
Income After Tax 408.93 318.94 191.37 144.02
Equity In Affiliates -8.69 -3.22 -1.68 --
Net Income Before Extraordinary Items 400.24 315.72 189.68 144.02
Extraordinary Item -- -84.30 -- --
Total Extraordinary Items -- -84.30 -- --
Net Income 400.24 231.42 189.68 144.02
Income Available to Common Excluding Extraordinary Items 400.24 315.72 189.68 144.02
Income Available to Common Stocks Including Extraordinary Items 400.24 231.42 189.68 144.02
Basic Weighted Average Shares 80.06 80.09 79.86 80.00
Basic EPS Excluding Extraordinary Items 5.00 3.94 2.38 1.80
Basic EPS Including Extraordinary Items 5.00 2.89 2.38 1.80
Dilution Adjustment -- -- -- --
Diluted Net Income 400.24 231.42 189.68 144.02
Diluted Weighted Average Shares 81.36 81.83 81.48 81.52
Diluted EPS Excluding Extraordinary Items 4.92 3.86 2.33 1.77
Diluted EPS Including Extraordinary Items 4.92 2.83 2.33 1.77
DPS - Common Stock Primary Issue 0.00 0.00 0.00 0.00
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00
Other Unusual Expense (Income), Supplemental -- -- -- --
Non-Recurring Items, Total -- -- -- --
Total Special Items -- -- -- 0.00
Normalized Income Before Taxes 466.65 364.80 242.57 186.10
Effect of Special Items on Income Taxes -- -- -- 0.00
Income Taxes Excluding Impact of Special Items 57.72 45.86 51.20 42.08
Normalized Income After Taxes 408.93 318.94 191.37 144.02
Normalized Income Available to Common 400.24 315.72 189.68 144.02
Basic Normalized EPS 5.00 3.94 2.38 1.80
Diluted Normalized EPS 4.92 3.86 2.33 1.77
Amortization of Intangibles, Supplemental 6.00 -- -- --
Depreciation, Supplemental 48.73 37.74 24.00 18.00
Interest Expense, Supplemental -- -- -- --
Rental Expense, Supplemental 16.50 13.80 9.90 8.20
Stock-Based Compensation, Supplemental 70.76 58.85 54.15 52.94
Advertising Expense, Supplemental 88.40 70.00 36.00 23.40
Equity in Affiliates, Supplemental -8.69 -3.22 -1.68 --
Research & Development Expense, Supplemental 128.90 97.56 75.72 61.24
Audit-Related Fees, Supplemental -- 2.93 3.41 2.41
Audit-Related Fees -- 0.27 0.92 0.29
Tax Fees, Supplemental -- 1.05 1.69 1.09
Gross Margin 73.63 75.81 75.50 75.71
Operating Margin 23.73 24.00 23.05 22.31
Pretax Margin 23.73 24.76 22.46 22.01
Effective Tax Rate 12.37 12.57 21.11 22.61
Net Profit Margin 20.35 21.43 17.57 17.03
Normalized EBIT 466.56 353.61 248.92 188.63
Normalized EBITDA 521.29 391.35 272.92 206.64
Current Tax - Domestic 35.79 17.31 40.24 28.60
Current Tax - Foreign 22.75 15.29 8.96 4.31
Current Tax - Local 9.57 2.58 2.60 3.27
Current Tax - Total 68.11 35.18 51.80 36.17
Deferred Tax - Domestic -5.99 5.32 -28.03 6.68
Deferred Tax - Foreign -1.12 2.68 24.79 -0.07
Deferred Tax - Local -3.27 2.68 2.64 -0.70
Deferred Tax - Total -10.39 10.68 -0.60 5.91
Income Tax - Total 57.72 45.86 51.20 42.08
Defined Contribution Expense - Domestic 5.20 4.30 3.40 2.70
Total Pension Expense 5.20 4.30 3.40 2.70
 

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