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Fundamentals

  Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update)
Net Sales 3,952.58 2,471.94 2,406.80 1,966.49
Revenue 3,952.58 2,471.94 2,406.80 1,966.49
Total Revenue 3,952.58 2,471.94 2,406.80 1,966.49
Cost of Revenue 1,017.23 708.71 662.90 518.63
Cost of Revenue, Total 1,017.23 708.71 662.90 518.63
Gross Profit 2,935.36 1,763.24 1,743.90 1,447.87
Selling/General/Administrative Expense 1,617.98 1,122.26 989.84 795.98
Labor & Related Expense 90.66 78.50 69.82 56.42
Selling/General/Administrative Expenses, Total 1,708.64 1,200.76 1,059.65 852.40
Research & Development 250.32 175.31 157.36 128.90
Depreciation -- -- 12.40 --
Amortization of Intangibles, Operating -- -- -- --
Depreciation/Amortization -- -- 12.40 --
Restructuring Charge -- -- 1.30 --
Litigation 0.00 0.00 -51.00 --
Impairment-Assets Held for Use 0.00 0.00 28.49 --
Other Unusual Expense (Income) -43.40 -- -6.80 --
Unusual Expense (Income) -43.40 0.00 -28.01 --
Total Operating Expense 2,932.78 2,084.77 1,864.30 1,499.93
Operating Income 1,019.80 387.17 542.49 466.56
Interest Income, Non-Operating 3.10 3.13 12.48 8.58
Interest/Investment Income, Non-Operating 3.10 3.13 12.48 8.58
Interest Income (Expense), Net Non-Operating -- -- -- --
Interest Income (Expense), Net-Non-Operating, Total 3.10 3.13 12.48 8.58
Other Non-Operating Income (Expense) -10.48 -11.35 7.68 -8.49
Other, Net -10.48 -11.35 7.68 -8.49
Net Income Before Taxes 1,012.42 378.95 562.65 466.65
Income Tax – Total 240.40 -1,396.94 112.35 57.72
Income After Tax 772.02 1,775.89 450.30 408.93
Equity In Affiliates 0.00 0.00 -7.53 -8.69
Net Income Before Extraordinary Items 772.02 1,775.89 442.78 400.24
Extraordinary Item -- -- -- --
Total Extraordinary Items -- -- -- --
Net Income 772.02 1,775.89 442.78 400.24
Income Available to Common Excluding Extraordinary Items 772.02 1,775.89 442.78 400.24
Income Available to Common Stocks Including Extraordinary Items 772.02 1,775.89 442.78 400.24
Basic Weighted Average Shares 78.92 78.76 79.42 80.06
Basic EPS Excluding Extraordinary Items 9.78 22.55 5.57 5.00
Basic EPS Including Extraordinary Items 9.78 22.55 5.57 5.00
Dilution Adjustment -- -- -- --
Diluted Net Income 772.02 1,775.89 442.78 400.24
Diluted Weighted Average Shares 79.67 79.23 80.10 81.36
Diluted EPS Excluding Extraordinary Items 9.69 22.41 5.53 4.92
Diluted EPS Including Extraordinary Items 9.69 22.41 5.53 4.92
DPS - Common Stock Primary Issue -- -- -- --
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00
Impairment-Assets Held for Sale, Supplemental -- 5.90 4.00 --
Non-Recurring Items, Total -- 5.90 4.00 --
Total Special Items -43.40 5.90 -24.01 --
Normalized Income Before Taxes 969.02 384.85 538.64 466.65
Effect of Special Items on Income Taxes -10.31 2.07 -4.79 --
Income Taxes Excluding Impact of Special Items 230.10 -1,394.87 107.55 57.72
Normalized Income After Taxes 738.93 1,779.72 431.09 408.93
Normalized Income Available to Common 738.93 1,779.72 423.56 400.24
Basic Normalized EPS 9.36 22.60 5.33 5.00
Diluted Normalized EPS 9.27 22.46 5.29 4.92
Amortization of Intangibles, Supplemental 16.60 13.40 5.90 6.00
Depreciation, Supplemental 92.13 80.14 73.09 48.73
Rental Expense, Supplemental 33.24 27.83 24.68 16.50
Stock-Based Compensation, Supplemental 114.34 98.43 88.18 70.76
Advertising Expense, Supplemental 325.60 161.00 119.10 88.40
Equity in Affiliates, Supplemental 0.00 0.00 -7.53 -8.69
Research & Development Expense, Supplemental 250.32 175.31 157.36 128.90
Audit-Related Fees, Supplemental -- 5.37 4.25 3.17
Audit-Related Fees -- -- 0.01 0.11
Tax Fees, Supplemental -- 0.98 1.90 1.14
All Other Fees Paid to Auditor, Supplemental -- 0.01 -- --
Gross Margin 74.26 71.33 72.46 73.63
Operating Margin 25.80 15.66 22.54 23.73
Pretax Margin 25.61 15.33 23.38 23.73
Effective Tax Rate 23.75 -368.64 19.97 12.37
Net Profit Margin 19.53 71.84 18.40 20.35
Normalized EBIT 976.40 393.07 518.48 466.56
Normalized EBITDA 1,085.13 486.61 597.47 521.29
Current Tax - Domestic 157.38 55.29 76.53 35.79
Current Tax - Foreign 42.68 29.40 28.36 22.75
Current Tax - Local 28.37 8.86 9.17 9.57
Current Tax - Total 228.43 93.55 114.06 68.11
Deferred Tax - Domestic -25.60 -11.75 1.24 -5.99
Deferred Tax - Foreign 43.43 -1,476.62 -3.16 -1.12
Deferred Tax - Local -5.86 -2.12 0.21 -3.27
Deferred Tax - Total 11.97 -1,490.49 -1.71 -10.39
Income Tax - Total 240.40 -1,396.94 112.35 57.72
Defined Contribution Expense - Domestic 8.50 6.90 6.20 5.20
Defined Contribution Expense - Foreign 42.30 28.90 25.40 18.00
Total Pension Expense 50.80 35.80 31.60 23.20
 

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