Align Technology (ALGN) FY2015 results: revenue $845 million, up 11.0% on the year
Align Technology Inc. (ALGN) reported revenue of $845 million for fiscal 2015, the year ended 31 December 2015, up 11.0% on the year before. Net income was $144 million, down 1.2%, and diluted earnings per share $1.77. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$845 million
+11.0% on the year
FY2008FY2015
Operating margin
22.3%
25.4% a year earlier
FY2008FY2015
Net income
$144 million
-1.2% on the year
FY2008FY2015
Diluted EPS
$1.77
0.0% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
845
762
660
+11.0%
Cost of revenue
205
183
162
+12.1%
Gross profit
640
578
498
+10.7%
Gross margin
75.7%
75.9%
75.4%
Research and development
61.2
52.8
44.1
+16.0%
Selling, general and administrative
390
332
293
+17.5%
Operating income
189
194
94.2
-2.6%
Operating margin
22.3%
25.4%
14.3%
Pre-tax income
186
190
93.1
-2.2%
Income tax
42.1
44.5
28.8
-5.5%
Effective tax rate
22.6%
23.4%
31.0%
Net income
144
146
64.3
-1.2%
Net margin
17.0%
19.1%
9.7%
Diluted EPS
$1.77
$1.77
$0.78
0.0%
$ 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
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
238
227
186
+4.9%
Capital expenditure
53.5
24.1
19.4
+121.9%
Free cash flow
185
203
167
-9.0%
Free cash flow margin
21.8%
26.6%
25.2%
Cash from investing
-166
-202
-211
Cash from financing
-101
-66.4
-38.2
Depreciation and amortisation
18.0
17.9
16.8
+0.8%
Share-based compensation
52.9
39.8
26.4
+32.9%
Buybacks
102
98.2
95.1
+3.6%
Diluted shares, weighted
82m
82m
83m
-0.9%
Shares outstanding at period end
80m
80m
81m
-0.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
848
753
634
+12.6%
Debt
0.0
0.0
0.0
Other liabilities
311
235
198
+32.1%
Total liabilities and equity
1,159
988
832
+17.3%
Fixed assets
136
90.1
75.7
+51.4%
Goodwill
61.1
61.4
61.6
-0.5%
Intangible assets
18.1
20.7
23.7
-12.6%
Investments
511
403
229
+26.9%
Cash and equivalents
168
200
243
-16.1%
Receivables
159
130
113
+22.2%
Inventory
19.5
15.9
14.0
+22.2%
Other assets
86.3
67.6
71.9
+27.7%
Total assets
1,159
988
832
+17.3%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.