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Align Technology (ALGN) FY2008 results: revenue $304 million

Align Technology Inc. (ALGN) reported revenue of $304 million for fiscal 2008, the year ended 31 December 2008. Net income was $80 million, and diluted earnings per share $1.18. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2011.

Revenue
$304 million
FY2008FY2008
Operating margin
5.1%
FY2008FY2008
Net income
$80 million
FY2008FY2008
Diluted EPS
$1.18
FY2008FY2008

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2008Last 8 years
Revenue304
Cost of revenue78.8
Gross profit225
Gross margin74.1%
Research and development26.2
Operating income15.5
Operating margin5.1%
Interest expense0.0
Pre-tax income17.1
Income tax-62.9
Effective tax rate-368.4%
Net income80.0
Net margin26.3%
Diluted EPS$1.18
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2008Last 8 years
Operating cash flow39.7
Capital expenditure14.3
Free cash flow25.4
Free cash flow margin8.4%
Cash from investing-1.1
Cash from financing-40.4
Depreciation and amortisation10.0
Share-based compensation17.1
Buybacks50.1
Diluted shares, weighted68m

Balance sheet

$ millionFY2008Last 8 years
Shareholders' equity219
Cash and equivalents87.1

10-K for the year ended 31 December 2008, filed 24 February 2011: the filing.