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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 1,072.05 795.98 619.23 448.04
Labor & Related Expense -- 56.42 46.55 42.61
Selling/General/Administrative Expenses, Total 1,072.05 852.40 665.78 490.65
Research & Development 157.36 128.90 97.56 75.72
Amortization of Intangibles, Operating -- -- -- --
Depreciation/Amortization -- -- -- --
Restructuring Charge -- -- -- --
Litigation -51.00 -- -- --
Impairment-Assets Held for Use 22.99 -- -- --
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
Other Unusual Expense (Income), Supplemental -- -- -- --
Non-Recurring Items, Total -- -- -- --
Total Special Items -28.01 -- -- --
Normalized Income Before Taxes 534.64 466.65 364.80 242.57
Effect of Special Items on Income Taxes -5.59 -- -- --
Income Taxes Excluding Impact of Special Items 106.75 57.72 45.86 51.20
Normalized Income After Taxes 427.89 408.93 318.94 191.37
Normalized Income Available to Common 420.36 400.24 315.72 189.68
Basic Normalized EPS 5.29 5.00 3.94 2.38
Diluted Normalized EPS 5.25 4.92 3.86 2.33
Amortization of Intangibles, Supplemental -- 6.00 -- --
Depreciation, Supplemental -- 48.73 37.74 24.00
Interest Expense, Supplemental -- -- -- --
Rental Expense, Supplemental -- 16.50 13.80 9.90
Stock-Based Compensation, Supplemental -- 70.76 58.85 54.15
Advertising Expense, Supplemental -- 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 -- 3.17 2.93 3.41
Audit-Related Fees -- 0.11 0.27 0.92
Tax Fees, Supplemental -- 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 514.48 466.56 353.61 248.92
Normalized EBITDA -- 521.29 391.35 272.92
Current Tax - Domestic -- 35.79 17.31 40.24
Current Tax - Foreign -- 22.75 15.29 8.96
Current Tax - Local -- 9.57 2.58 2.60
Current Tax - Total -- 68.11 35.18 51.80
Deferred Tax - Domestic -- -5.99 5.32 -28.03
Deferred Tax - Foreign -- -1.12 2.68 24.79
Deferred Tax - Local -- -3.27 2.68 2.64
Deferred Tax - Total -- -10.39 10.68 -0.60
Income Tax - Total -- 57.72 45.86 51.20
Defined Contribution Expense - Domestic -- 5.20 4.30 3.40
Total Pension Expense -- 5.20 4.30 3.40
 

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