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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,7994,6924,1224,3194,4463,995
Cash and cash equivalents3,4352,1431,5811,5381,5361,103
Short-term investments2,3642,5492,5412,7812,9102,892
Receivables904925942850839906
Inventory, net of allowances, customer advances and progress billings1,005947893837724653
Inventory1,005947893837724653
Prepaid expense189181164166168139
Other undisclosed current assets135132131122117110
Total current assets:8,0326,8776,2536,2936,2935,803
Noncurrent Assets
Operating lease, right-of-use asset   82   
Property, plant and equipment2,8312,5802,3742,2442,1091,968
Long-term investments and receivables1,3331,8862,6243,0783,7384,416
Long-term investments1,3331,8862,6243,0783,7384,416
Intangible assets, net (including goodwill)396393398405415407
Goodwill349349349348349343
Intangible assets, net (excluding goodwill)474550576664
Deferred income tax assets667645665587516485
Other undisclosed noncurrent assets646672578653634598
Total noncurrent assets:5,8726,1766,7216,9687,4137,875
TOTAL ASSETS:13,90313,05312,97413,26113,70513,678
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities546425549781707348
Employee-related liabilities308279220
Accounts payable200164147164150128
Accrued liabilities347261402308279 
Deferred revenue405418397359376386
Other liabilities587465476402370378
Other undisclosed current liabilities    (308)(279) 
Total current liabilities:1,5381,3071,4221,2331,1751,112
Noncurrent Liabilities
Liabilities, other than long-term debt405452439453448409
Accounts payable and accrued liabilities360407398417410371
Deferred revenue454541373738
Total noncurrent liabilities:405452439453448409
Total liabilities:1,9441,7591,8611,6871,6231,522
Equity
Equity, attributable to parent11,87911,21811,04211,51512,02312,102
Common stock000000
Additional paid in capital8,1517,9287,7047,6857,4847,355
Accumulated other comprehensive loss(80)(109)(163)(188)(144)(111)
Retained earnings3,8083,3973,5004,0184,6834,858
Equity, attributable to noncontrolling interest817771595955
Total equity:11,96011,29411,11311,57412,08212,157
TOTAL LIABILITIES AND EQUITY:13,90313,05312,97413,26113,70513,678

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,7561,6961,6551,5571,5221,488
Cost of revenue
(Cost of Goods and Services Sold)
(584)(583)(544)(505)(499)(478)
Gross profit:1,1721,1131,1111,0521,0231,010
Operating expenses(709)(725)(738)(653)(626)(602)
Operating income:463388373399398408
Nonoperating income (expense)36342249(6)
Gain (loss), foreign currency transaction, before tax(16)515(31)(29)(10)
Income from continuing operations before income taxes:499422395403407402
Income tax expense(73)(61)(58)(78)(93)(33)
Income from continuing operations:426361337325314369
Income before gain (loss) on sale of properties:325314369
Net income:426361337325314369
Other undisclosed net loss attributable to parent(5)(6)(12)(1)(6)(4)
Net income available to common stockholders, diluted:421355325324308366

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:426361337325314369
Other comprehensive income (loss)285425(45)(35)(86)
Comprehensive income:454415362280279283
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4)(6)(12)1(5)(4)
Comprehensive income, net of tax, attributable to parent:450409350281274279

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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