ALIGN TECHNOLOGY INC
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 5, 2024
ALGN$174.260.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $317,555 | $321,039 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Deferred taxes | 17,465 | (22,749) |
| Depreciation and amortization | 106,905 | 108,669 |
| Stock-based compensation | 134,855 | 115,197 |
| Non-cash operating lease cost | 28,603 | 24,034 |
| Impairment of equity investment | 115 | 3,329 |
| Other non-cash operating activities | 6,931 | 28,435 |
| Changes in assets and liabilities, net of effects of acquisitions: | ||
| Accounts receivable | (135,239) | (80,297) |
| Inventories | 32,304 | 31,639 |
| Prepaid expenses and other assets | (26,283) | 1,773 |
| Accounts payable | (13,283) | (23,130) |
| Accrued and other long-term liabilities | 47,618 | 156,024 |
| Long-term income tax payable | (5,186) | (7,979) |
| Deferred revenues | (60,207) | 82,894 |
| Net cash provided by operating activities | 452,153 | 738,878 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Acquisitions, net of cash acquired | (77,075) | — |
| Purchase of property, plant and equipment | (92,619) | (144,302) |
| Purchase of marketable securities | — | (2,373) |
| Proceeds from maturities of marketable securities | 25,660 | 35,754 |
| Proceeds from sales of marketable securities | 18,193 | 5,173 |
| Purchase of equity investments | (75,390) | (76,999) |
| Other investing activities | 235 | 128 |
| Net cash used in investing activities | (200,996) | (182,619) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from issuance of common stock | 25,281 | 26,595 |
| Common stock repurchases | (150,012) | (292,360) |
| Activity for equity forward contracts related to accelerated stock repurchase agreements, net | — | 40,000 |
| Payroll taxes paid upon the vesting of equity awards | (27,972) | (22,294) |
| Net cash used in financing activities | (152,703) | (248,059) |
| Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash | 6,008 | (11,205) |
| Net increase in cash, cash equivalents, and restricted cash | 104,462 | 296,995 |
| Cash, cash equivalents, and restricted cash at beginning of the period | 938,519 | 942,355 |
| Cash, cash equivalents, and restricted cash at end of the period | $1,042,981 | $1,239,350 |
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