Overview Financials News + Filings Key Docs Charts Holdings Ownership Insiders
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In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Clear Aligner | 3,247.1 | 2,101.5 | 2,025.8 | 1,691.5 | 1,309.3 | 958.3 | 800.2 | 712.5 |
Systems & Services | 705.5 | 370.5 | 381.0 | 275.0 | 164.2 | 121.5 | 45.3 | 49.1 |
Total revenues | 3,952.6 | 2,471.9 | 2,406.8 | 1,966.5 | 1,473.4 | 1,079.9 | 845.5 | 761.7 |
Revenue growth [+] | 59.9% | 2.7% | 22.4% | 33.5% | 36.4% | 27.7% | 11.0% | 15.4% |
Clear Aligner | 54.5% | 3.7% | 19.8% | 29.2% | 36.6% | 19.8% | 12.3% | 15.9% |
Systems & Services | 90.4% | -2.8% | 38.5% | 67.5% | 35.1% | 168.3% | -7.7% | 7.8% |
Cost of goods sold | 1,017.2 | 708.7 | 662.9 | 518.6 | 356.5 | 264.6 | 205.4 | 183.2 |
Gross profit | 2,935.4 | 1,763.2 | 1,743.9 | 1,447.9 | 1,116.9 | 815.3 | 640.1 | 578.4 |
Gross margin | 74.3% | 71.3% | 72.5% | 73.6% | 75.8% | 75.5% | 75.7% | 75.9% |
Selling, general and administrative [+] | 1,708.6 | 1,200.8 | 1,072.1 | 852.4 | 665.8 | 490.7 | 390.2 | 332.1 |
Sales and marketing | | | | | 665.8 | 490.7 | 390.2 | 332.1 |
Research and development | 250.3 | 175.3 | 157.4 | 128.9 | 97.6 | 75.7 | 61.2 | 52.8 |
Equity in earnings | | | 7.5 | 8.7 | 3.2 | 1.7 | | |
EBITDA [+] | 1,085.1 | 480.7 | 601.0 | 530.0 | 394.6 | 274.6 | 206.6 | 211.4 |
EBITDA growth | 125.7% | -20.0% | 13.4% | 34.3% | 43.7% | 32.9% | -2.3% | 18.7% |
EBITDA margin | 27.5% | 19.4% | 25.0% | 27.0% | 26.8% | 25.4% | 24.4% | 27.8% |
Depreciation | 92.1 | 80.1 | 73.1 | 48.7 | 31.5 | 20.8 | 18.0 | 17.9 |
EBITA | 993.0 | 400.6 | 527.9 | 481.3 | 363.0 | 253.8 | 188.6 | 193.6 |
EBITA margin | 25.1% | 16.2% | 21.9% | 24.5% | 24.6% | 23.5% | 22.3% | 25.4% |
Amortization of intangibles | 16.6 | 13.4 | 5.9 | 6.0 | 6.2 | 3.2 | | |
EBIT [+] | 976.4 | 387.2 | 522.0 | 475.3 | 356.8 | 250.6 | 188.6 | 193.6 |
EBIT growth | 152.2% | -25.8% | 9.8% | 33.2% | 42.4% | 32.9% | -2.6% | 20.1% |
EBIT margin | 24.7% | 15.7% | 21.7% | 24.2% | 24.2% | 23.2% | 22.3% | 25.4% |
Non-recurring items [+] | | | -28.0 | | | | | |
Asset impairment | | | 23.0 | | | | | |
Legal settlement | | | -51.0 | | | | | |
Interest income | 3.1 | 3.1 | 12.5 | 8.6 | 6.9 | 4.2 | | |
Interest income | 3.1 | 3.1 | 12.5 | 8.6 | 6.9 | 4.2 | | |
Other income (expense), net [+] | 32.9 | -11.3 | 0.1 | -17.2 | 1.0 | -12.3 | -2.5 | -3.2 |
Other | | | | | 4.2 | -10.6 | -2.5 | -3.2 |
Pre-tax income | 1,012.4 | 378.9 | 562.7 | 466.7 | 364.8 | 242.6 | 186.1 | 190.4 |
Income taxes | 240.4 | -1,396.9 | 112.3 | 57.7 | 130.2 | 51.2 | 42.1 | 44.5 |
Tax rate | 23.7% | | 20.0% | 12.4% | 35.7% | 21.1% | 22.6% | 23.4% |
Net income | 772.0 | 1,775.9 | 442.8 | 400.2 | 231.4 | 189.7 | 144.0 | 145.8 |
Net margin | 19.5% | 71.8% | 18.4% | 20.4% | 15.7% | 17.6% | 17.0% | 19.1% |
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Basic EPS [+] | $9.78 | $22.55 | $5.57 | $5.00 | $2.89 | $2.38 | $1.80 | $1.81 |
Growth | -56.6% | 304.5% | 11.5% | 73.0% | 21.7% | 31.9% | -0.3% | 126.2% |
Diluted EPS [+] | $9.69 | $22.41 | $5.53 | $4.92 | $2.83 | $2.33 | $1.77 | $1.77 |
Growth | -56.8% | 305.5% | 12.4% | 74.0% | 21.5% | 31.8% | -0.3% | 127.7% |
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Shares outstanding (basic) [+] | 78.9 | 78.8 | 79.4 | 80.1 | 80.1 | 79.9 | 80.0 | 80.8 |
Growth | 0.2% | -0.8% | -0.8% | 0.0% | 0.3% | -0.2% | -0.9% | 0.3% |
Shares outstanding (diluted) [+] | 79.7 | 79.2 | 80.1 | 81.4 | 81.8 | 81.5 | 81.5 | 82.3 |
Growth | 0.6% | -1.1% | -1.5% | -0.6% | 0.4% | 0.0% | -0.9% | -0.4% |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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