INTUITIVE SURGICAL INC

10-K & 10-Q Filings

Intuitive Surgical, Inc. is a technology-driven healthcare company that focuses on advancing minimally invasive care through a comprehensive ecosystem of products and services. The company's mission is to improve patient outcomes, enhance the patient experience, increase care team satisfaction, and lower the total cost to treat per patient episode. Intuitive's offerings include robotic-assisted surgical systems, such as the da Vinci surgical system and the Ion endoluminal system, as well as surgical instruments and accessories. The company's business strategy is to provide precise, powerful systems with high-performance vision and robotic and computer assistance, enabling surgeons to perform complex procedures with less invasiveness and greater precision. Intuitive's products are used in various specialties, including general surgery, urologic, gynecologic, cardiothoracic, and head and neck surgery. The company's website is www.intusurg.com, and its ticker symbol is ISRG.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$1757.30
2178.80
2265.10
2131.70
2384.40
2704.40
3128.90
3724.20
4478.50
4358.40
5710.10
6222.20
7124.10
1696.20
1890.60
12.37%11.46%Cost of Revenue (-)
$483.50
608.50
670.90
717.90
806.50
814.30
934.80
1120.10
1368.30
1497.20
1751.60
2026.20
2394.60
583.20
645.20
14.26%10.63%Gross Profit (+)
$1273.80
1570.30
1594.20
1413.80
1577.90
1890.10
2194.10
2604.10
3110.20
2861.20
3958.50
4196.00
4729.50
1113.00
1245.40
11.55%11.90%Selling, General & Administrative (-)
$438.80
522.20
574.00
691.00
640.50
705.30
810.90
986.60
1178.40
1216.30
1466.50
1739.90
1963.90
480.50
491.50
13.30%2.29%Research & Development (-)
$140.20
170.00
167.70
178.00
197.40
239.60
328.60
418.10
557.30
595.10
671.00
879.00
998.80
244.90
284.50
17.78%16.17%Operating Expenses (-)
$579.00
692.20
741.70
869.00
837.90
944.90
1139.50
1404.70
1735.70
1811.40
2137.50
2618.90
2962.70
725.40
776.00
14.57%6.98%Costs & Expenses (Total) (-)
$1062.50
1300.70
1412.60
1586.90
1644.40
1759.20
2074.30
2524.80
3104.00
3308.60
3889.10
4645.10
5357.30
1308.60
1421.20
14.43%8.60%Operating Income/Loss (+)
$694.80
878.10
852.50
544.80
740.00
945.20
1054.60
1199.40
1374.50
1049.80
1821.00
1577.10
1766.80
387.60
469.40
8.09%21.10%Non-operating Income/Expense (+)
$14.90
15.80
18.40
4.20
18.50
35.60
41.90
80.10
127.70
157.20
69.30
29.70
192.10
34.20
69.10
23.75%102.05%Earnings before Tax (+)
$709.70
893.90
870.90
549.00
758.50
980.80
1096.50
1279.50
1502.20
1207.00
1890.30
1606.80
1958.90
421.80
538.50
8.83%27.67%Tax Expense (-)
$214.60
237.30
199.90
130.20
169.70
244.90
436.50
154.50
120.40
140.20
162.20
262.40
141.60
61.00
-8.90
-3.41%-114.59%Income/Loss (Continuing Operations) (+)
$495.10
656.60
671.00
418.80
588.80
735.90
660.00
1125.00
1381.80
1066.80
1728.10
1344.40
1817.30
360.80
547.40
11.45%51.72%Profit/Loss (+)
$
1125.00
1381.80
1066.80
1728.10
1344.40
1817.30
360.80
547.40
51.72%Net Income/Loss (NCI) (-)
$
-2.90
2.50
6.20
23.50
22.10
19.30
5.50
2.50
-54.55%Net Income/Loss (+)
$495.10
656.60
671.00
418.80
588.80
735.90
660.00
1127.90
1379.30
1060.60
1704.60
1322.30
1798.00
355.30
544.90
11.35%53.36%Net Income/Loss (Common) (+)
$495.10
656.60
671.00
418.80
588.80
735.90
660.00
1127.90
1379.30
1060.60
1704.60
1322.30
1798.00
355.30
544.90
11.35%53.36%EPS (Basic)
$12.63
16.50
17.12
11.35
15.87
19.21
5.91
9.92
11.95
9.06
4.79
3.72
5.12
1.01
1.54
-7.25%52.48%EPS (Diluted)
$12.32
15.98
16.73
11.11
15.54
18.73
5.67
9.49
11.54
8.82
4.66
3.65
5.03
1.00
1.51
-7.19%51.00%Weighted Avg Shares (Basic)
39.20
39.80
39.20
36.90
37.10
38.30
111.70
113.70
115.40
117.00
356.10
355.70
351.20
350.20
353.50
20.05%0.94%Weighted Avg Shares (Diluted)
40.20
41.10
40.10
37.70
37.90
39.30
116.30
118.80
119.50
120.30
365.80
362.00
357.40
356.00
360.50
19.97%1.26%Cash
$465.80
553.70
782.10
600.30
714.60
1036.60
648.20
857.90
1167.60
1622.60
1290.90
1581.20
2750.10
2143.00
2839.50
15.95%32.50%Short-term Investments
$563.40
770.70
621.40
632.20
845.20
1518.00
1312.40
2205.20
2054.10
3488.80
2913.10
2536.70
2473.10
2549.20
1960.60
13.12%-23.09%Receivables
$297.90
370.30
301.40
315.10
394.30
430.20
511.90
682.30
645.20
645.50
782.70
942.10
1130.20
925.30
1127.90
11.75%21.90%Inventory
$112.10
121.50
179.60
181.70
167.90
182.30
241.20
409.00
595.50
601.50
587.10
893.20
1220.60
946.60
1299.30
22.02%37.26%Prepaid Expenses (Current)
$20.90
67.30
38.30
82.60
73.50
83.30
97.20
178.80
200.20
267.50
271.10
299.80
314.00
312.90
405.40
25.33%29.56%Other Assets (Current)
$
9.30
9.60
35.10
Assets (Current)
$1466.30
1892.80
1932.40
1847.00
2195.50
3250.40
2810.90
4333.20
4662.60
6625.90
5844.90
6253.00
7888.00
6877.00
7632.70
15.05%10.99%Securities & Long-term Investments
$1142.60
1596.10
1350.40
1264.50
1788.00
2283.30
1885.90
1771.30
2623.50
1757.70
4415.50
2623.60
2120.00
1886.40
2522.60
5.29%33.73%Property, Plant & Equipment (Net)
$197.20
241.80
309.90
387.40
432.10
458.40
613.10
812.00
1272.90
1577.30
1876.40
2374.20
3537.60
2580.20
3799.60
27.20%47.26%Goodwill & Intangibles
$187.90
138.10
137.40
198.00
201.10
201.10
201.10
240.60
307.20
336.70
343.60
348.50
348.70
348.60
348.20
5.29%-0.11%Other Assets
$69.10
190.40
220.20
262.50
290.60
293.70
247.00
689.60
867.00
871.30
1074.60
1374.70
1547.20
1361.00
1524.90
29.57%12.04%Assets (Non-current)
$1596.80
2166.40
2017.90
2112.40
2711.80
3236.50
2947.10
3513.50
5070.60
4543.00
7710.10
6721.00
7553.50
6176.20
8195.30
13.83%32.69%Assets (Total)
$3063.10
4059.20
3950.30
3959.40
4907.30
6486.90
5758.00
7846.70
9733.20
11168.90
13555.00
12974.00
15441.50
13053.20
15828.00
14.43%21.26%Accounts Payable
$128.90
161.60
180.80
284.60
266.30
355.90
419.60
294.50
375.10
316.60
471.30
548.60
625.10
425.00
432.80
14.06%1.84%Other Liabilities (Current)
$191.70
240.00
200.10
216.60
225.60
240.60
284.50
526.10
655.10
648.60
678.50
873.50
1033.60
882.40
942.30
15.07%6.79%Liabilities (Current)
$320.60
401.60
380.90
501.20
491.90
596.50
704.10
820.60
1030.20
965.20
1149.80
1422.10
1658.70
1307.40
1375.10
14.68%5.18%Other Liabilities
$96.90
77.50
68.00
78.80
95.90
112.60
327.10
338.60
418.30
444.60
453.70
439.30
385.50
451.60
406.50
12.20%-9.99%Liabilities (Non-current)
$96.90
77.50
68.00
78.80
95.90
112.60
327.10
338.60
418.30
444.60
453.70
439.30
385.50
451.60
406.50
12.20%-9.99%Liabilities (Total)
$417.50
479.10
448.90
580.00
587.80
709.10
1031.20
1159.20
1448.50
1409.80
1603.50
1861.40
2044.20
1759.00
1781.60
14.15%1.28%Retained Earnings
$901.90
1333.40
979.40
487.70
899.20
1574.90
61.40
1521.70
2494.50
3261.30
4760.90
3500.10
4743.00
3397.40
5067.90
14.84%49.17%AOCI
$0.90
6.60
2.10
-5.10
-9.50
-8.90
-15.50
-13.30
12.40
24.90
-24.20
-162.50
-12.20
-108.50
-8.70
91.98%Shareholder's Equity
$2645.60
3580.10
3501.40
3379.40
4319.50
5777.80
4726.80
6687.50
8284.70
9759.10
11951.50
11112.60
13397.30
11294.20
14046.40
14.47%24.37%Liabilities & Equity
$3063.10
4059.20
3950.30
3959.40
4907.30
6486.90
5758.00
7846.70
9733.20
11168.90
13555.00
12974.00
15441.50
13053.20
15828.00
14.43%21.26%Net Income/Loss
$495.10
656.60
671.00
418.80
588.80
735.90
660.00
1125.00
1381.80
1066.80
1728.10
1344.40
1817.30
360.80
547.40
11.45%51.72%Depreciation & Amortization
$46.50
90.90
104.10
108.30
50.80
54.10
34.10
16.00
37.00
-5.30
38.00
76.80
27.50
9.90
-0.80
-4.28%-108.08%Increase/Decrease in Working Capital
$19.90
65.50
60.50
20.80
87.90
-15.70
-154.50
351.80
329.50
215.60
430.70
804.40
1058.40
234.20
547.20
39.26%133.65%Share-based Compensation
$136.40
153.30
168.90
168.90
167.90
177.60
209.10
261.20
335.80
395.40
449.20
513.20
592.80
139.80
153.30
13.02%9.66%Adjustments to Reconcile Net Income
$182.50
157.60
209.00
246.30
183.10
307.00
483.90
44.60
216.40
418.00
361.30
146.40
-3.50
10.60
-282.00
-2760.38%Net Cash (Operating)
$677.60
814.20
880.00
665.10
771.90
1042.90
1143.90
1169.60
1598.20
1484.80
2089.40
1490.80
1813.80
371.40
265.40
8.55%-28.54%Capital Expenditure
$82.90
141.80
104.60
189.90
81.00
53.90
190.70
275.30
485.30
379.20
362.20
545.20
1073.10
194.10
241.90
23.79%24.63%Net Cash (Investing)
$-479.00
-845.70
259.00
-153.90
-849.50
-1279.40
378.70
-1049.60
-1154.40
-940.60
-2461.50
1370.80
-360.10
573.10
-128.50
-122.42%Increase/Decrease in Equity
$-71.20
25.00
-948.60
-716.40
177.40
538.40
-1858.50
236.60
3.30
174.50
276.50
-2373.60
-120.00
-249.80
180.40
172.22%Net Cash (Financing)
$-12.40
119.20
-910.60
-692.40
193.40
558.50
-1913.10
126.30
-168.40
-85.70
43.00
-2572.30
-287.60
-381.20
-46.70
87.75%Cash Taxes Paid
$152.00
226.10
194.10
Effect of Exchange Rate
$-0.20
0.20
-0.60
-1.50
2.10
-0.10
-2.20
-2.60
-3.40
5.40
3.30
1.80
6.80
277.78%Increase/Decrease in Cash
$186.00
87.90
228.40
-181.80
114.30
322.00
-388.40
246.20
273.20
455.90
-332.50
294.70
1169.40
565.10
97.00
16.56%-82.83%Cash (Beginning)
$279.80
465.80
553.70
782.10
600.30
714.60
1036.60
663.20
909.40
1182.60
1638.50
1306.00
1600.70
1600.70
2770.10
15.64%73.06%Cash (Ending)
$465.80
553.70
782.10
600.30
714.60
1036.60
648.20
909.40
1182.60
1638.50
1306.00
1600.70
2770.10
2165.80
2867.10
16.02%32.38%NOPAT
$545.99
656.00
662.50
415.60
574.44
709.19
634.78
1054.57
1264.34
927.86
1664.75
1319.55
1639.09
331.55
477.16
9.59%43.92%Gross Margin %
72.49%
72.07%
70.38%
66.32%
66.18%
69.89%
70.12%
69.92%
69.45%
65.65%
69.32%
67.44%
66.39%
65.62%
65.87%
Operating Margin %
39.54%
40.30%
37.64%
25.56%
31.04%
34.95%
33.71%
32.21%
30.69%
24.09%
31.89%
25.35%
24.80%
22.85%
24.83%
NOPAT Margin %
31.07%
30.11%
29.25%
19.50%
24.09%
26.22%
20.29%
28.32%
28.23%
21.29%
29.15%
21.21%
23.01%
19.55%
25.24%
Net Margin %
28.17%
30.14%
29.62%
19.65%
24.69%
27.21%
21.09%
30.29%
30.80%
24.33%
29.85%
21.25%
25.24%
20.95%
28.82%
Tax Rate %
21.42%
25.29%
22.29%
23.72%
22.37%
24.97%
39.81%
12.08%
8.01%
11.62%
8.58%
16.33%
7.23%
14.46%
-1.65%
ROA
17.82%
16.16%
16.77%
10.50%
11.71%
10.93%
11.02%
13.44%
12.99%
8.31%
12.28%
10.17%
10.61%
2.54%
3.01%
ROE
20.64%
18.32%
18.92%
12.30%
13.30%
12.27%
13.43%
15.77%
15.26%
9.51%
13.93%
11.87%
12.23%
2.94%
3.40%
ROIC
71.19%
74.95%
72.62%
42.19%
50.91%
61.69%
44.84%
49.34%
45.71%
28.78%
45.97%
29.36%
26.78%
7.51%
7.62%
Asset Turnover
0.57
0.54
0.57
0.54
0.49
0.42
0.54
0.47
0.46
0.39
0.42
0.48
0.46
0.13
0.12
Inventory Turnover
4.31
5.01
3.74
3.95
4.80
4.47
3.88
2.74
2.30
2.49
2.98
2.27
1.96
0.62
0.50
Equity Multiplier
1.16
1.13
1.13
1.17
1.14
1.12
1.22
1.17
1.17
1.14
1.13
1.17
1.15
1.16
1.13
Current Ratio
4.55
4.71
5.07
3.69
4.46
5.45
3.99
5.28
4.53
6.86
5.08
4.40
4.76
5.26
5.55
Quick Ratio
4.14
4.22
4.48
3.09
3.97
5.00
3.51
4.56
3.75
5.96
4.34
3.56
3.83
4.30
4.31
Working Capital/Sales
0.22
0.23
0.21
0.19
0.21
0.18
0.19
0.29
0.26
0.30
0.25
0.28
0.31
0.88
1.12
R&D/Sales
0.08
0.08
0.07
0.08
0.08
0.09
0.11
0.11
0.12
0.14
0.12
0.14
0.14
0.14
0.15
Total Payout
$71.20
-25.00
948.60
716.40
-177.40
-538.40
1858.50
-236.60
-3.30
-174.50
-276.50
2373.60
120.00
249.80
-180.40
4.45%-172.22%Payout Ratio %
13.04%
-3.81%
143.18%
172.38%
-30.88%
-75.92%
292.78%
-22.44%
-0.26%
-18.81%
-16.61%
179.88%
7.32%
75.34%
-37.81%