Align Technology Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.47B | $1.08B | $845.5M | $761.7M | $660.2M | $560.0M | $479.7M | $387.1M |
| Clear Aligner | $1.31B | $958.3M | — | — | — | — | — | — |
| Systems and Services | $164.2M | $121.5M | — | — | — | — | — | — |
| Cost of Revenue | $356.5M | $264.6M | $205.4M | $183.2M | $162.1M | $143.7M | $118.5M | $83.7M |
| Gross Profit | $1.12B | $815.3M | $640.1M | $578.4M | $498.1M | $416.4M | $361.3M | $303.4M |
| Gross Margin | 75.8% | 75.5% | 75.7% | 75.9% | 75.4% | 74.3% | 75.3% | 78.4% |
| Operating Expenses | ||||||||
| Research & Development | $97.6M | $75.7M | $61.2M | $52.8M | $44.1M | $42.9M | $37.2M | $26.0M |
| SG&A Expense | — | — | $390.2M | $332.1M | $292.8M | $99.3M | $91.6M | $64.8M |
| Operating Income | $353.6M | $248.9M | $188.6M | $193.6M | $94.2M | $85.6M | $90.4M | $102.7M |
| Operating Margin | 24.0% | 23.1% | 22.3% | 25.4% | 14.3% | 15.3% | 18.8% | 26.5% |
| Interest Expense | — | — | — | — | — | — | $51.0K | $19.0K |
| Pretax Income | $364.8M | $242.6M | $186.1M | $190.4M | $93.1M | $84.3M | $89.9M | $102.0M |
| Income Tax Expense | $130.2M | $51.2M | $42.1M | $44.5M | $28.8M | $25.6M | $23.2M | $27.8M |
| Net Income | $231.4M | $189.7M | $144.0M | $145.8M | $64.3M | $58.7M | $66.7M | $74.3M |
| Net Margin | 15.7% | 17.6% | 17.0% | 19.1% | 9.7% | 10.5% | 13.9% | 19.2% |
| EPS (Basic) | $2.89 | $2.38 | $1.80 | $1.81 | $0.80 | $0.73 | $0.86 | $0.98 |
| EPS (Diluted) | $2.83 | $2.33 | $1.77 | $1.77 | $0.78 | $0.71 | $0.83 | $0.95 |
| Shares Outstanding (Basic) | 80.1M | 79.9M | 80.0M | 80.8M | 80.6M | 80.5M | 78.0M | 75.8M |
| Shares Outstanding (Diluted) | 81.8M | 81.5M | 81.5M | 82.3M | 82.6M | 83.0M | 80.3M | 78.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |