Intuitive Surgical Inc. (ISRG) Financial Statements (2024 and earlier)

Company Profile

Business Address 1020 KIFER ROAD
SUNNYVALE, CA 94086
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,2234,1224,2315,1723,2223,063
Cash and cash equivalents2,7501,5811,2911,6231,168858
Short-term investments2,4732,5412,9403,5492,0542,205
Receivables1,130942783646645682
Inventory, net of allowances, customer advances and progress billings1,221893587602596409
Inventory1,221893587602596409
Prepaid expense177164134126  
Other undisclosed current assets13713111081200179
Total current assets:7,8886,2535,8456,6264,6634,333
Noncurrent Assets
Operating lease, right-of-use asset 7982746474
Property, plant and equipment3,5382,3741,8761,5771,273812
Long-term investments and receivables2,1202,6244,4161,7582,6241,771
Long-term investments2,1202,6244,4161,7582,6241,771
Intangible assets, net (including goodwill)388398414414419307
Goodwill349349344337307241
Intangible assets, net (excluding goodwill)3950717711267
Deferred income tax assets911665441368 
Other undisclosed noncurrent assets518578488362681623
Total noncurrent assets:7,5546,7217,7104,5435,0713,514
TOTAL ASSETS:15,44212,97413,55511,1699,7337,847
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities625549471317375295
Employee-related liabilities350235252194
Accounts payable18914712182124101
Accrued liabilities436402    
Deferred revenue446397377350338
Other liabilities588476301298317232
Deferred revenue and credits294
Total current liabilities:1,6591,4221,1509651,030821
Noncurrent Liabilities
Long-term debt and lease obligation:   67   
Liabilities, other than long-term debt386439454445418339
Deferred revenue and credits33
Accounts payable and accrued liabilities340398417413391306
Deferred revenue4641373227
Operating lease, liability   67  
Other undisclosed noncurrent liabilities   (67)   
Total noncurrent liabilities:386439454445418339
Total liabilities:2,0441,8611,6041,4101,4491,159
Equity
Equity, attributable to parent13,30811,04211,9019,7328,2646,679
Common stock000000
Additional paid in capital8,5767,7047,1646,4455,7575,170
Accumulated other comprehensive income (loss)(12)(163)(24)2512(13)
Retained earnings4,7433,5004,7613,2612,4951,522
Equity, attributable to noncontrolling interest90715028219
Total equity:13,39711,11311,9529,7598,2856,688
TOTAL LIABILITIES AND EQUITY:15,44212,97413,55511,1699,7337,847

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues7,1246,2225,7104,3584,4793,724
Cost of revenue
(Cost of Goods and Services Sold)
(2,395)(2,026)(1,752)(1,497)(1,368)(1,120)
Gross profit:4,7304,1963,9592,8613,1102,604
Operating expenses(2,963)(2,619)(2,138)(1,811)(1,736)(1,405)
Operating income:1,7671,5771,8211,0501,3751,199
Nonoperating income192306915712880
Gain (loss), foreign currency transaction, before tax(9)(54)(16)11(2)(3)
Income from continuing operations before income taxes:1,9591,6071,8901,2071,5021,280
Income tax expense(142)(262)(162)(140)(120)(155)
Income from continuing operations:1,8171,3441,7281,0671,3821,125
Income before gain (loss) on sale of properties:1,7281,0671,3821,125
Net income:1,8171,3441,7281,0671,3821,125
Net income (loss) attributable to noncontrolling interest  (24)(6)(3)3
Other undisclosed net loss attributable to parent(19)(22)    
Net income available to common stockholders, diluted:1,7981,3221,7051,0611,3791,128

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:1,8171,3441,7281,0671,3821,125
Other comprehensive income (loss)150(140)(50)13262
Other undisclosed comprehensive loss     (1,382) 
Comprehensive income:1,9671,2041,6781,079251,127
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(19)(20)(24)(6)(3)3
Other undisclosed comprehensive income, net of tax, attributable to parent   1 1,382 
Comprehensive income, net of tax, attributable to parent:1,9481,1841,6561,0731,4051,130

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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