2024 Q1 Form 10-K Financial Statement

#000109714924000011 Filed on February 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $997.4M $956.7M $3.862B
YoY Change 5.76% 6.12% 3.42%
Cost Of Revenue $299.6M $287.2M $1.155B
YoY Change 6.06% 1.19% 4.95%
Gross Profit $697.8M $669.5M $2.707B
YoY Change 5.63% 8.39% 2.78%
Gross Profit Margin 69.96% 69.98% 70.08%
Selling, General & Admin $451.8M $402.5M $1.703B
YoY Change 2.76% -1.84% 1.73%
% of Gross Profit 64.75% 60.12% 62.93%
Research & Development $91.86M $82.16M $346.8M
YoY Change 5.05% -1.63% 13.62%
% of Gross Profit 13.16% 12.27% 12.81%
Depreciation & Amortization $32.95M $33.70M $142.4M
YoY Change -8.02% 0.01% 13.2%
% of Gross Profit 4.72% 5.03% 5.26%
Operating Expenses $543.7M $484.7M $2.050B
YoY Change 3.14% -1.81% 3.56%
Operating Profit $154.1M $184.9M $656.7M
YoY Change 15.44% 48.94% 0.4%
Interest Expense $4.392M $4.978M $17.26M
YoY Change 87.93% 80.36% 221.56%
% of Operating Profit 2.85% 2.69% 2.63%
Other Income/Expense, Net -$141.0K -$3.643M -$19.39M
YoY Change -88.53% 3543.0% -60.35%
Pretax Income $158.4M $172.9M $641.2M
YoY Change 17.65% 49.91% 7.04%
Income Tax $53.36M $48.87M $196.2M
% Of Pretax Income 33.69% 28.27% 30.59%
Net Earnings $105.0M $124.0M $445.1M
YoY Change 19.62% 196.86% 23.09%
Net Earnings / Revenue 10.53% 12.96% 11.52%
Basic Earnings Per Share $1.40 $5.82
Diluted Earnings Per Share $1.39 $1.64 $5.81
COMMON SHARES
Basic Shares Outstanding 75.10M shares 76.59M shares 76.43M shares
Diluted Shares Outstanding 75.32M shares 76.57M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $898.9M $972.7M $972.7M
YoY Change 1.68% -2.69% -2.69%
Cash & Equivalents $865.8M $937.4M $937.4M
Short-Term Investments $33.10M $35.30M $35.30M
Other Short-Term Assets $349.6M $273.6M $273.6M
YoY Change 38.98% 20.84% 20.84%
Inventory $280.1M $296.9M $296.9M
Prepaid Expenses $72.19M $52.49M
Receivables $950.7M $903.4M $903.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.479B $2.447B $2.447B
YoY Change 6.32% 0.92% 0.92%
LONG-TERM ASSETS
Property, Plant & Equipment $1.401B $1.409B $1.409B
YoY Change 1.45% 4.3% 4.3%
Goodwill $458.2M $419.5M
YoY Change 10.63% 2.94%
Intangibles $121.4M $82.12M
YoY Change 30.12% -14.21%
Long-Term Investments $3.619M $8.022M $8.022M
YoY Change -90.32% -80.89% -80.89%
Other Assets $1.692B $1.719B $1.719B
YoY Change 2.95% 5.6% 5.6%
Total Long-Term Assets $3.676B $3.637B $3.637B
YoY Change 2.99% 3.23% 3.23%
TOTAL ASSETS
Total Short-Term Assets $2.479B $2.447B $2.447B
Total Long-Term Assets $3.676B $3.637B $3.637B
Total Assets $6.156B $6.084B $6.084B
YoY Change 4.31% 2.29% 2.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $117.2M $113.1M $113.1M
YoY Change -10.2% -11.53% -11.53%
Accrued Expenses $496.6M $525.8M $525.8M
YoY Change -0.13% 15.72% 15.72%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.023B $2.067B $2.067B
YoY Change 0.92% 7.31% 7.31%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $372.9M $386.8M $386.8M
YoY Change -10.54% -8.06% -8.06%
Total Long-Term Liabilities $372.9M $386.8M $386.8M
YoY Change -10.54% -8.06% -8.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.023B $2.067B $2.067B
Total Long-Term Liabilities $372.9M $386.8M $386.8M
Total Liabilities $2.396B $2.453B $2.453B
YoY Change -1.05% 4.55% 4.55%
SHAREHOLDERS EQUITY
Retained Earnings $2.503B $2.447B
YoY Change 5.44% -4.66%
Common Stock $7.000K $7.000K
YoY Change -12.5% -12.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.760B $3.630B $3.630B
YoY Change
Total Liabilities & Shareholders Equity $6.156B $6.084B $6.084B
YoY Change 4.31% 2.29% 2.29%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $105.0M $124.0M $445.1M
YoY Change 19.62% 196.86% 23.09%
Depreciation, Depletion And Amortization $32.95M $33.70M $142.4M
YoY Change -8.02% 0.01% 13.2%
Cash From Operating Activities $28.66M $46.90M $785.8M
YoY Change -85.66% -67.59% 38.16%
INVESTING ACTIVITIES
Capital Expenditures $9.369M $33.42M $177.7M
YoY Change -85.39% -37.19% -39.12%
Acquisitions $77.08M $0.00
YoY Change -100.0%
Other Investing Activities $6.000K -$157.6M -$278.0K
YoY Change -200.0% -46.48% -99.87%
Cash From Investing Activities -$79.58M -$13.32M -$195.9M
YoY Change 50.64% -76.13% -8.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$11.72M -350.3M -$598.3M
YoY Change -95.48% 74.98% 19.27%
NET CHANGE
Cash From Operating Activities $28.66M 46.90M $785.8M
Cash From Investing Activities -$79.58M -13.32M -$195.9M
Cash From Financing Activities -$11.72M -350.3M -$598.3M
Net Change In Cash -$71.64M -316.7M -$3.836M
YoY Change -34.68% 184.58% -97.38%
FREE CASH FLOW
Cash From Operating Activities $28.66M $46.90M $785.8M
Capital Expenditures $9.369M $33.42M $177.7M
Free Cash Flow $19.30M $13.48M $608.1M
YoY Change -85.79% -85.27% 119.65%

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<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in our consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates. On an ongoing basis, we evaluate our estimates, including those related to revenue recognition, useful lives of intangible assets and property, plant and equipment, goodwill, income taxes, contingent liabilities, deferred revenues, the fair values of financial instruments, stock-based compensation and the valuation of investments in privately held companies among others. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.</span></div><div style="text-align:justify;text-indent:22.5pt"><span><br/></span></div><div style="text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In September 2023, we completed an assessment of the useful lives of certain manufacturing equipment used in cutting, forming, assembling and scanning. We adjusted the estimated useful life from ten (10) years to thirteen (13) years. This change in accounting estimate was effective beginning September 2023. These updated useful lives were applied to applicable assets in service as of the date of change and will be applied prospectively as assets are placed in service. Based on the carrying amount of the assets recorded in our property, plant and equipment, net balance prior to the change, the effect of this change in estimate for fiscal year 2023 was a reduction in depreciation expense of approximately $5.4 million and an increase in net income of $3.7 million, or $0.05 per share basic and diluted, for the year ended December 31, 2023.</span></div>
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CY2021 us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2023 us-gaap Concentration Risk Credit Risk
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<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Certain Risks and Uncertainties</span></div><div style="text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are subject to risks including, but not limited to, global and regional economic market conditions, inflation, fluctuations in foreign currency exchange rates, changes in consumer confidence and demand, increased competition, dependence on key personnel, protection and litigation of proprietary technology, shifts in taxable income between tax jurisdictions and compliance with regulations of the U.S. Food and Drug Administration (“FDA”) and similar international agencies. Further, our operations globally, particularly in prior years, have been impacted by the COVID-19 pandemic. </span></div><div style="text-align:justify;text-indent:22.5pt"><span><br/></span></div><div style="text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Our cash and investments are held primarily by five financial institutions. Financial instruments which potentially expose us to concentrations of credit risk consist primarily of cash equivalents and marketable securities. We invest excess cash primarily in money market funds, corporate bonds, asset-backed securities, municipal and U.S. government agency bonds and treasury bonds and periodically evaluate them for credit losses. Such credit losses have not been material to our financial statements. </span></div><div style="text-align:justify;text-indent:22.5pt"><span><br/></span></div><div style="text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We purchase certain inventory from sole suppliers. Additionally, we rely on a limited number of hardware manufacturers. The inability of any supplier or manufacturer to fulfill our supply requirements could materially and adversely impact our future operating results.</span></div>
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CashAndCashEquivalentsAndDebtSecuritiesAvailableForSaleGrossUnrealizedLoss
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CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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32612000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
789000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
39677000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
812000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
21554000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
639000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
74205000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
2992000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
95759000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
3631000 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
93082000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
328641000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
145492000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
172758000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
91259000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
96558000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
60151000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
69436000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
296902000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
338752000 usd
CY2023Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
143728000 usd
CY2022Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
140484000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
52487000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
69124000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
77335000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
16762000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
273550000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
226370000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
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1841625000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1681581000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
550762000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
449726000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1290863000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1231855000 usd
CY2023 us-gaap Depreciation
Depreciation
126000000 usd
CY2022 us-gaap Depreciation
Depreciation
109800000 usd
CY2021 us-gaap Depreciation
Depreciation
92100000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
220862000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
149508000 usd
CY2023Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
71109000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
64341000 usd
CY2023Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
38103000 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
74323000 usd
CY2023Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
34035000 usd
CY2022Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
36407000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
29651000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
26574000 usd
CY2023Q4 algn Accrued Fixed Assets Current
AccruedFixedAssetsCurrent
23618000 usd
CY2022Q4 algn Accrued Fixed Assets Current
AccruedFixedAssetsCurrent
19922000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
108402000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
83299000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
525780000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
454374000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
16169000 usd
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
16429000 usd
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
14725000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
17873000 usd
CY2023 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
18248000 usd
CY2023 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
13695000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22426000 usd
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1427706000 usd
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1343643000 usd
CY2023Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
138000000 usd
CY2022Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
160662000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3862300000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3734600000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
732400000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
635300000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
44614000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
37919000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
33241000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
16013000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
22084000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
11134000 usd
CY2023 us-gaap Lease Cost
LeaseCost
60627000 usd
CY2022 us-gaap Lease Cost
LeaseCost
60003000 usd
CY2021 us-gaap Lease Cost
LeaseCost
44375000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y2M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P7Y2M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.037
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.035
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
33838000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
28381000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
22449000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16933000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
12746000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
25901000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
140248000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
13629000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
126619000 usd
CY2023Q4 algn Lessee Lease Not Yet Commenced Amount
LesseeLeaseNotYetCommencedAmount
13300000 usd
CY2023Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
27145000 usd
CY2022Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
22914000 usd
CY2023Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
9815000 usd
CY2022Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
3919000 usd
CY2023Q4 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
17330000 usd
CY2022Q4 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
18995000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
22737000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
18170000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
8908000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
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49815000 usd
CY2023 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
16600000 usd
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
12300000 usd
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
0 usd
CY2021Q4 us-gaap Goodwill
Goodwill
418547000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
8729000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-19725000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
407551000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
11979000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
419530000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
156662000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
67081000 usd
CY2023Q4 algn Finite Lived Intangible Assets Accumulated Impairment Loss
FiniteLivedIntangibleAssetsAccumulatedImpairmentLoss
8450000 usd
CY2023Q4 algn Finite Lived Intangible Assets Net Before Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsNetBeforeForeignCurrencyTranslationGainLoss
81131000 usd
CY2023Q4 algn Finite Lived Intangible Assets Foreign Currency Translation Gain Loss1
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss1
987000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
82118000 usd
CY2023Q4 algn Finite Lived Intangible Assets Fully Amortized
FiniteLivedIntangibleAssetsFullyAmortized
34300000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
157262000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
51180000 usd
CY2022Q4 algn Finite Lived Intangible Assets Accumulated Impairment Loss
FiniteLivedIntangibleAssetsAccumulatedImpairmentLoss
8450000 usd
CY2022Q4 algn Finite Lived Intangible Assets Net Before Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsNetBeforeForeignCurrencyTranslationGainLoss
97632000 usd
CY2022Q4 algn Finite Lived Intangible Assets Foreign Currency Translation Gain Loss1
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss1
-1912000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
95720000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
15335000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
14959000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
14353000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
11992000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
10890000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
13602000 usd
CY2023Q4 algn Finite Lived Intangible Assets Net Before Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsNetBeforeForeignCurrencyTranslationGainLoss
81131000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16400000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16000000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16600000 usd
CY2019Q1 us-gaap Loss Contingency New Claims Filed Number
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CY2022Q4 us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
63000000 usd
CY2023Q3 us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
63000000 usd
CY2023Q3 us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
63000000 usd
CY2023Q3 us-gaap Loss Contingency Damages Sought Value
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27000000 usd
CY2023Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
100000000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
154026000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
133367000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
17100000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
14900000 usd
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
13800000 usd
CY2023 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
114000000 shares
CY2022 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
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CY2021 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
131000 shares
CY2023 algn Stock Issued During Period Employee Stock Purchase Plan Weighted Average Price
StockIssuedDuringPeriodEmployeeStockPurchasePlanWeightedAveragePrice
234.19
CY2022 algn Stock Issued During Period Employee Stock Purchase Plan Weighted Average Price
StockIssuedDuringPeriodEmployeeStockPurchasePlanWeightedAveragePrice
305.24
CY2021 algn Stock Issued During Period Employee Stock Purchase Plan Weighted Average Price
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195.44
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
315643000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
268097000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
378478000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
325561000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
330960000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
633945000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
641204000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
599057000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1012423000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2023 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
117527000 usd
CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
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CY2021 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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28365000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2023 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
25378000 usd
CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
22356000 usd
CY2021 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
22505000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
51306000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
56537000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
26120000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2023 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
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CY2022 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
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CY2021 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
196151000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
237484000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
240403000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.029
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.037
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.022
CY2023 algn Effective Tax Rate Reconciliation Repatriation Of Foreign Earnings Offset By Tax Credit Foreign Percent
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0.037
CY2022 algn Effective Tax Rate Reconciliation Repatriation Of Foreign Earnings Offset By Tax Credit Foreign Percent
EffectiveTaxRateReconciliationRepatriationOfForeignEarningsOffsetByTaxCreditForeignPercent
0.056
CY2021 algn Effective Tax Rate Reconciliation Repatriation Of Foreign Earnings Offset By Tax Credit Foreign Percent
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0.025
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.014
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.033
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.020
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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Files In Submission

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