Common stock, par value (in usd per share)

[Table of Contents](#i77b271276a234b51923cb690f1158463_7)  
ALIGN TECHNOLOGY, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(in thousands, except per share data)(unaudited)

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | September 30,2022 |  | December 31,2021 |
| ASSETS |  |  |  |  |
| Current assets: |  |  |  |  |
| Cash and cash equivalents |  | $ | 1,044,523  |  |  | $ | 1,099,370  |  |
| Marketable securities, short-term |  | 46,242  |  |  | 71,972  |  |
| Accounts receivable, net of allowance for doubtful accounts of $9,617 and $9,245, respectively |  | 859,629  |  |  | 897,198  |  |
| Inventories |  | 320,903  |  |  | 230,230  |  |
| Prepaid expenses and other current assets |  | 229,283  |  |  | 195,305  |  |
| Total current assets |  | 2,500,580  |  |  | 2,494,075  |  |
| Marketable securities, long-term |  | 50,256  |  |  | 125,320  |  |
| Property, plant and equipment, net |  | 1,199,880  |  |  | 1,081,926  |  |
| Operating lease right-of-use assets, net |  | 116,031  |  |  | 121,257  |  |
| Goodwill |  | 377,616  |  |  | 418,547  |  |
| Intangible assets, net |  | 91,711  |  |  | 109,709  |  |
| Deferred tax assets |  | 1,524,584  |  |  | 1,533,767  |  |
| Other assets |  | 52,144  |  |  | 57,509  |  |
| Total assets |  | $ | 5,912,802  |  |  | $ | 5,942,110  |  |
|  |  |  |  |  |
| LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |
| Current liabilities: |  |  |  |  |
| Accounts payable |  | $ | 138,918  |  |  | $ | 163,886  |  |
| Accrued liabilities |  | 383,618  |  |  | 607,315  |  |
| Deferred revenues  |  | 1,286,867  |  |  | 1,152,870  |  |
| Total current liabilities |  | 1,809,403  |  |  | 1,924,071  |  |
| Income tax payable |  | 127,059  |  |  | 118,072  |  |
| Operating lease liabilities |  | 96,694  |  |  | 102,656  |  |
| Other long-term liabilities |  | 185,024  |  |  | 174,597  |  |
| Total liabilities |  | 2,218,180  |  |  | 2,319,396  |  |
| Commitments and contingencies (Notes 6 and 7) |  |  |  |  |
| Stockholders’ equity: |  |  |  |  |
| Preferred stock, $0.0001 par value (5,000 shares authorized; none issued) |  | —  |  |  | —  |  |
| Common stock, $0.0001 par value (200,000 shares authorized; 78,111 and 78,710 issued and outstanding, respectively) |  | 8  |  |  | 8  |  |
| Additional paid-in capital |  | 1,060,698  |  |  | 999,006  |  |
| Accumulated other comprehensive income (loss), net |  | (40,745) |  |  | 4,326  |  |
| Retained earnings |  | 2,674,661  |  |  | 2,619,374  |  |
| Total stockholders’ equity |  | 3,694,622  |  |  | 3,622,714  |  |
| Total liabilities and stockholders’ equity |  | $ | 5,912,802  |  |  | $ | 5,942,110  |  |

  
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.5
