Segments and Geographical Information (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Segment Reporting Information, by Segment

Summarized financial information by segment is as follows (in thousands):


	Year Ended December 31,
	2022		2021		2020
Net revenues

Clear Aligner	$	3,072,585	$	3,247,080	$	2,101,459
Systems and Services	662,050		705,504		370,482



Total net revenues	$	3,734,635	$	3,952,584	$	2,471,941
Gross profit
Clear Aligner	$	2,228,170	$	2,474,373	$	1,532,130
Systems and Services	405,605		460,982		231,105
Total gross profit	$	2,633,775	$	2,935,355	$	1,763,235
Income from operations
Clear Aligner	$	1,134,420	$	1,325,866	$	768,045
Systems and Services	179,765		259,127		96,052
Unallocated corporate expenses	(671,590)		(608,593)		(476,926)
Total income from operations	$	642,595	$	976,400	$	387,171
Stock-based compensation
Clear Aligner	$	14,816	$	10,648	$	8,975
Systems and Services	994		705		734
Unallocated corporate expenses	117,557		102,983		88,718
Total stock-based compensation	$	133,367	$	114,336	$	98,427
Depreciation and amortization
Clear Aligner	$	57,888	$	50,723	$	41,371
Systems and Services	28,300		21,581		16,798
Unallocated corporate expenses	39,605		36,425		35,369
Total depreciation and amortization	$	125,793	$	108,729	$	93,538

The following table reconciles total segment income from operations in the table above to net income before provision for (benefit from) income taxes (in thousands):


	Year Ended December 31,
	2022		2021		2020
Total segment income from operations	$	1,314,185	$	1,584,993	$	864,097
Unallocated corporate expenses	(671,590)		(608,593)		(476,926)
Total income from operations	642,595		976,400		387,171
Interest income	5,367		3,103		3,125
Other income (expense), net	(48,905)		32,920		(11,347)
Net income before provision for (benefit from) income taxes	$	599,057	$	1,012,423	$	378,949

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

Net revenues are presented below by geographic area (in thousands):


	Year Ended December 31,
	2022		2021		2020
Net revenues 1:
U.S.	$	1,660,045	$	1,724,296	$	1,099,564
Switzerland	1,216,094		1,353,229		809,080
Other International	858,496		875,059		563,297
Total net revenues	$	3,734,635	$	3,952,584	$	2,471,941

1 Net revenues are attributed to countries based on the location of where revenues are recognized by our legal entities.

Tangible long-lived assets, which includes Property, plant and equipment, net, and Operating lease right-of-use assets, net, are presented below by geographic area (in thousands):


	December 31,
	2022		2021
Long-lived assets 1:
Switzerland	$	532,921	$	444,205
U.S.	214,804		210,582
China	118,669		125,346
Other International	484,341		423,050
Total long-lived assets	$	1,350,735	$	1,203,183

1 Long-lived assets are attributed to countries based on the location of our entity that owns or leases the assets.