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Fundamentals

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update)
Net Sales 2,471.94 2,406.80 1,966.49 1,473.41
Revenue 2,471.94 2,406.80 1,966.49 1,473.41
Total Revenue 2,471.94 2,406.80 1,966.49 1,473.41
Cost of Revenue 708.71 662.90 518.63 356.47
Cost of Revenue, Total 708.71 662.90 518.63 356.47
Gross Profit 1,763.24 1,743.90 1,447.87 1,116.95
Selling/General/Administrative Expense 1,122.26 989.84 795.98 619.23
Labor & Related Expense 78.50 69.82 56.42 46.55
Selling/General/Administrative Expenses, Total 1,200.76 1,059.65 852.40 665.78
Research & Development 175.31 157.36 128.90 97.56
Depreciation -- 12.40 -- --
Amortization of Intangibles, Operating -- -- -- --
Depreciation/Amortization -- 12.40 -- --
Restructuring Charge -- 1.30 -- --
Litigation 0.00 -51.00 -- --
Impairment-Assets Held for Use 0.00 28.49 -- --
Other Unusual Expense (Income) -- -6.80 -- --
Unusual Expense (Income) 0.00 -28.01 -- --
Total Operating Expense 2,084.77 1,864.30 1,499.93 1,119.80
Operating Income 387.17 542.49 466.56 353.61
Interest Expense - Non-Operating -- -- -- --
Interest Expense, Net Non-Operating -- -- -- --
Interest Income, Non-Operating 3.13 12.48 8.58 --
Interest/Investment Income, Non-Operating 3.13 12.48 8.58 --
Interest Income (Expense), Net Non-Operating -- -- -- 11.19
Interest Income (Expense), Net-Non-Operating, Total 3.13 12.48 8.58 11.19
Other Non-Operating Income (Expense) -11.35 7.68 -8.49 --
Other, Net -11.35 7.68 -8.49 --
Net Income Before Taxes 378.95 562.65 466.65 364.80
Income Tax – Total -1,396.94 112.35 57.72 45.86
Income After Tax 1,775.89 450.30 408.93 318.94
Equity In Affiliates 0.00 -7.53 -8.69 -3.22
Net Income Before Extraordinary Items 1,775.89 442.78 400.24 315.72
Extraordinary Item -- -- -- -84.30
Total Extraordinary Items -- -- -- -84.30
Net Income 1,775.89 442.78 400.24 231.42
Income Available to Common Excluding Extraordinary Items 1,775.89 442.78 400.24 315.72
Income Available to Common Stocks Including Extraordinary Items 1,775.89 442.78 400.24 231.42
Basic Weighted Average Shares 78.76 79.42 80.06 80.09
Basic EPS Excluding Extraordinary Items 22.55 5.57 5.00 3.94
Basic EPS Including Extraordinary Items 22.55 5.57 5.00 2.89
Dilution Adjustment -- -- -- --
Diluted Net Income 1,775.89 442.78 400.24 231.42
Diluted Weighted Average Shares 79.23 80.10 81.36 81.83
Diluted EPS Excluding Extraordinary Items 22.41 5.53 4.92 3.86
Diluted EPS Including Extraordinary Items 22.41 5.53 4.92 2.83
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 -- --
Other Unusual Expense (Income), Supplemental -- -- -- --
Non-Recurring Items, Total 5.90 4.00 -- --
Total Special Items 5.90 -24.01 -- --
Normalized Income Before Taxes 384.85 538.64 466.65 364.80
Effect of Special Items on Income Taxes 2.07 -4.79 -- --
Income Taxes Excluding Impact of Special Items -1,394.87 107.55 57.72 45.86
Normalized Income After Taxes 1,779.72 431.09 408.93 318.94
Normalized Income Available to Common 1,779.72 423.56 400.24 315.72
Basic Normalized EPS 22.60 5.33 5.00 3.94
Diluted Normalized EPS 22.46 5.29 4.92 3.86
Amortization of Intangibles, Supplemental 13.40 5.90 6.00 --
Depreciation, Supplemental 80.14 73.09 48.73 37.74
Interest Expense, Supplemental -- -- -- --
Rental Expense, Supplemental 27.83 24.68 16.50 13.80
Stock-Based Compensation, Supplemental 98.43 88.18 70.76 58.85
Advertising Expense, Supplemental 161.00 119.10 88.40 70.00
Equity in Affiliates, Supplemental 0.00 -7.53 -8.69 -3.22
Research & Development Expense, Supplemental 175.31 157.36 128.90 97.56
Audit-Related Fees, Supplemental -- 4.25 3.17 2.93
Audit-Related Fees -- 0.01 0.11 0.27
Tax Fees, Supplemental -- 1.90 1.14 1.05
Gross Margin 71.33 72.46 73.63 75.81
Operating Margin 15.66 22.54 23.73 24.00
Pretax Margin 15.33 23.38 23.73 24.76
Effective Tax Rate -368.64 19.97 12.37 12.57
Net Profit Margin 71.84 18.40 20.35 21.43
Normalized EBIT 393.07 518.48 466.56 353.61
Normalized EBITDA 486.61 597.47 521.29 391.35
Current Tax - Domestic 55.29 76.53 35.79 17.31
Current Tax - Foreign 29.40 28.36 22.75 15.29
Current Tax - Local 8.86 9.17 9.57 2.58
Current Tax - Total 93.55 114.06 68.11 35.18
Deferred Tax - Domestic -11.75 1.24 -5.99 5.32
Deferred Tax - Foreign -1,476.62 -3.16 -1.12 2.68
Deferred Tax - Local -2.12 0.21 -3.27 2.68
Deferred Tax - Total -1,490.49 -1.71 -10.39 10.68
Income Tax - Total -1,396.94 112.35 57.72 45.86
Defined Contribution Expense - Domestic 6.90 6.20 5.20 4.30
Defined Contribution Expense - Foreign 28.90 25.40 18.00 --
Total Pension Expense 35.80 31.60 23.20 4.30
 

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