Align Technology, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $231.4M | $189.7M | $144.0M | $145.8M | $64.3M | $58.7M | $66.7M | $74.3M |
| Depreciation & Amortization | $37.7M | $24.0M | $18.0M | $17.9M | $16.8M | $17.8M | $12.1M | $11.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $6.2M | $3.2M | — | — | $2.9M | $4.4M | $5.4M | $2.8M |
| Stock-Based Compensation | $58.9M | $54.1M | $52.9M | $39.8M | $26.4M | $21.5M | $19.2M | $16.1M |
| Net Cash from Operating Activities | $438.5M | $247.7M | $238.0M | $226.9M | $186.0M | $133.8M | $130.5M | $129.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $195.7M | $70.6M | $53.5M | $24.1M | $19.4M | $38.3M | $30.4M | $18.0M |
| Business Acquisitions | $9.0M | $0 | $0 | $0 | $7.7M | $0 | $187.6M | $0 |
| Net Cash from Investing Activities | $-251.5M | $73.0M | $-166.4M | $-201.6M | $-210.7M | $-78.3M | $-211.6M | $-15.9M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $103.8M | $96.2M | $101.8M | $98.2M | $95.1M | $47.2M | $7.8M | $0 |
| Net Cash from Financing Activities | $-135.5M | $-95.5M | $-100.8M | $-66.4M | $-38.2M | $10.2M | $27.2M | $14.7M |
| Net Change in Cash | $57.1M | $221.8M | $-32.2M | $-43.1M | $-63.4M | $65.7M | $-54.0M | $128.2M |
| Free Cash Flow | $242.8M | $177.1M | $184.5M | $202.8M | $166.6M | $95.4M | $100.1M | $111.5M |