Align Technology, Inc.
Align Technology, Inc., a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. It oper…
Medical - Devices
US, Tempe [HQ]
Cash Flow Statements
15 Sheets · Starting from 2023In Million USD. Margins, Growth Rates In %
| Metric | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Cash Flow (OCF) | 74.00 | 129.00 | 130.00 | 133.00 | 185.00 | 226.00 | 237.00 | 247.00 | 438.00 | 554.00 | 747.00 | 662.00 | 1,172.00 | 568.00 | 785.00 | |
| Operating Cash (Net) | 74.00 | 129.00 | 130.00 | 133.00 | 185.00 | 226.00 | 237.00 | 247.00 | 438.00 | 554.00 | 747.00 | 662.00 | 1,172.00 | 568.00 | 785.00 | |
| Accounts Receivable | -2.00 | -12.00 | -21.00 | -9.00 | -11.00 | -27.00 | -40.00 | -94.00 | -90.00 | -109.00 | -121.00 | -139.00 | -262.00 | 21.00 | -104.00 | |
| Accounts Payable | - - | 2.00 | 7.00 | - - | - - | 2.00 | 7.00 | -3.00 | 8.00 | 25.00 | 22.00 | 52.00 | 19.00 | -36.00 | -7.00 | |
|
Working Capital
|
- - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| Change | 15.00 | 10.00 | 32.00 | -3.00 | 13.00 | 9.00 | 20.00 | -16.00 | 75.00 | 18.00 | 75.00 | 129.00 | 154.00 | -84.00 | -7.00 | |
| Other WC | 19.00 | 20.00 | 50.00 | 11.00 | 24.00 | 35.00 | 57.00 | 88.00 | 164.00 | 126.00 | 232.00 | 246.00 | 509.00 | 60.00 | 74.00 | |
| Investing Activities | ||||||||||||||||
| Used Cash (Net) | -1.00 | -15.00 | -211.00 | -78.00 | -210.00 | -201.00 | -166.00 | 72.00 | -248.00 | 6.00 | -350.00 | -231.00 | -563.00 | -213.00 | -195.00 | |
| Capital Expenditure | -7.00 | -18.00 | -30.00 | -38.00 | -19.00 | -24.00 | -53.00 | -70.00 | -195.00 | -223.00 | -149.00 | -154.00 | -401.00 | -291.00 | -177.00 | |
| Purchases of Investments | -42.00 | -18.00 | - - | -67.00 | -303.00 | -437.00 | -447.00 | -405.00 | -390.00 | -180.00 | -693.00 | -5.00 | -200.00 | -28.00 | -2.00 | |
| Sale/Maturity of Investment | 48.00 | 20.00 | 10.00 | 25.00 | 122.00 | 259.00 | 334.00 | 603.00 | 388.00 | 384.00 | 485.00 | 321.00 | 47.00 | 121.00 | 61.00 | |
| Property, Plant, Equipment (P&PE) | -7.00 | -18.00 | -30.00 | -38.00 | -19.00 | -24.00 | -53.00 | -70.00 | -195.00 | -223.00 | -149.00 | -154.00 | -401.00 | -291.00 | -177.00 | |
| Acquisitions (Net) | - - | - - | -187.00 | - - | -7.00 | - - | - - | -46.00 | -21.00 | -5.00 | - - | -420.00 | -8.00 | -12.00 | -76.00 | |
| Other Investing Activities | - - | - - | -4.00 | 2.00 | -2.00 | - - | - - | -8.00 | -29.00 | 30.00 | 7.00 | 28.00 | - - | -2.00 | - - | |
| Financing Activities | ||||||||||||||||
| Used Cash (Net) | -6.00 | -14.00 | -27.00 | -10.00 | -38.00 | -66.00 | -100.00 | -95.00 | -135.00 | -369.00 | -485.00 | -30.00 | -458.00 | -501.00 | -598.00 | |
| Debt Repayment | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | -45.00 | - - | - - | - - | - - | |
| Dividends Paid | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
|
Common Stock
|
- - | - - | 33 | 89 | 99 | 116 | 113 | 109 | 118 | 316 | 417 | 71 | 400 | 461 | 618 | |
| Issued | 8.00 | 11.00 | 25.00 | 42.00 | - - | 18.00 | 11.00 | 13.00 | 14.00 | 16.00 | 17.00 | 20.00 | 25.00 | 26.00 | 26.00 | |
| Repurchased | - - | - - | -7.00 | -47.00 | -99.00 | -98.00 | -101.00 | -96.00 | -103.00 | -300.00 | -399.00 | -51.00 | -375.00 | -435.00 | -592.00 | |
| Other Financing Activities | -1.00 | 2.00 | 9.00 | 15.00 | 61.00 | 13.00 | -10.00 | -13.00 | -46.00 | -86.00 | -57.00 | -51.00 | -108.00 | -92.00 | -32.00 | |
| Cash Balances | ||||||||||||||||
| Begin of Period | 87.00 | 166.00 | 294.00 | 240.00 | 306.00 | 242.00 | 199.00 | 167.00 | 389.00 | 450.00 | 637.00 | 551.00 | 961.00 | 1,100.00 | 942.00 | |
| End of Period | 166.00 | 294.00 | 240.00 | 306.00 | 242.00 | 199.00 | 167.00 | 389.00 | 449.00 | 637.00 | 551.00 | 961.00 | 1,100.00 | 942.00 | 938.00 | |
| Change | 79.00 | 128.00 | -53.00 | 65.00 | -63.00 | -43.00 | -32.00 | 221.00 | 60.00 | 187.00 | -86.00 | 410.00 | 138.00 | -157.00 | -3.00 | |
| Non-Cash Balances | ||||||||||||||||
| Depreciation and Amortization | 13.00 | 14.00 | 17.00 | 17.00 | 16.00 | 17.00 | 18.00 | 24.00 | 37.00 | 54.00 | 78.00 | 93.00 | 108.00 | 125.00 | 142.00 | |
| Stock Based Compensation | 15.00 | 16.00 | 19.00 | 21.00 | 26.00 | 39.00 | 52.00 | 54.00 | 58.00 | - - | 88.00 | 98.00 | 114.00 | 133.00 | 154.00 | |
| Other | 64.00 | -2.00 | -11.00 | 21.00 | 44.00 | -11.00 | 3.00 | -3.00 | 17.00 | 25.00 | 61.00 | 56.00 | 7.00 | 71.00 | 70.00 | |
| Highlighted metrics | ||||||||||||||||
| Free Cash Flow (FCF) | 66.00 | 111.00 | 100.00 | 95.00 | 166.00 | 202.00 | 184.00 | 177.00 | 242.00 | 331.00 | 597.00 | 507.00 | 771.00 | 276.00 | 608.00 | |
| Cash Conversion Cycle (CCC) | 44.00 | 38.00 | 39.00 | 53.00 | 47.00 | 36.00 | 17.00 | 81.00 | 74.00 | 75.00 | 97.00 | 95.00 | 106.00 | 153.00 | 144.00 | |
| Invested Capital | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
|
Other Operating Inflows/Outflows
|
||||||||||||||||
| Forex Effect on Cash | - - | - - | - - | - - | - - | -1.00 | -3.00 | -3.00 | 5.00 | -4.00 | 2.00 | 10.00 | -12.00 | -11.00 | 4.00 |