Intuitive Surgical, Inc. (ISRG) financial statements (2020 and earlier)

Company profile

Business Address 1020 KIFER ROAD
SUNNYVALE, CA 94086
State of Incorp. DE
Fiscal Year End December 31
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,2223,0631,9612,5551,5601,2331,404
Cash and cash equivalents1,1688586481,037715600782
Short-term investments2,0542,2051,3121,518845632621
Receivables645682512430394315301
Inventory, net of allowances, customer advances and progress billings596409241182168182180
Inventory596409241182168182180
Other undisclosed current assets20017997837411848
Total current assets:4,6634,3332,8113,2502,1961,8471,932
Noncurrent Assets
Operating lease, right-of-use asset74
Property, plant and equipment1,273812613458432387310
Long-term investments and receivables2,6241,7711,8862,2831,7881,2651,350
Long-term investments2,6241,7711,8862,2831,7881,2651,350
Intangible assets, net (including goodwill)419307227233251272202
Goodwill307241201201201198137
Intangible assets, net (excluding goodwill)112672632507464
Other undisclosed noncurrent assets681623221262241188156
Total noncurrent assets:5,0713,5142,9473,2372,7122,1122,018
TOTAL ASSETS:9,7337,8475,7586,4874,9073,9593,950
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities375295420356266292186
Accounts payable1241018369536246
Accrued liabilities  1701519612764
Employee-related liabilities2521941681361179671
Taxes payable     75
Deferred revenue338
Deferred revenue and credits294285241226217200
Other liabilities317232     
Other undisclosed current liabilities     (7)(5)
Total current liabilities:1,030821704597492501381
Noncurrent Liabilities
Liabilities, other than long-term debt41833932711396158133
Deferred revenue and credits33     
Accounts payable and accrued liabilities391306   79 
Accrued income taxes65
Deferred revenue27
Other liabilities  327113967968
Other undisclosed noncurrent liabilities     (79)(65)
Total noncurrent liabilities:418339327113967968
Total liabilities:1,4491,1591,031709588580449
Stockholders' equity
Stockholders' equity attributable to parent8,2646,6794,7255,7784,3203,3793,501
Common stock000    
Additional paid in capital5,7575,1704,6794,2123,4302,8972,520
Accumulated other comprehensive income (loss)12(13)(16)(9)(10)(5)2
Retained earnings2,4951,522611,575899488979
Stockholders' equity attributable to noncontrolling interest2192    
Total stockholders' equity:8,2856,6884,7275,7784,3203,3793,501
TOTAL LIABILITIES AND EQUITY:9,7337,8475,7586,4874,9073,9593,950

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,4793,7243,1292,7042,3842,1322,265
Revenue, net513,1292,7042,3842,1322,265
Cost of revenue
(Cost of Goods and Services Sold)
(1,368)(1,120)(935)(814)(807)(718)(671)
Gross profit:3,1102,6042,1941,8901,5781,4141,594
Operating expenses(1,736)(1,405)(1,140)(945)(838)(869)(742)
Operating income:1,3751,1991,055945740545853
Nonoperating income12880423619418
Investment income, nonoperating  (3)17  
Foreign currency transaction gain (loss), before tax(2)(3)10(6)(8)(7)3
Income from continuing operations before income taxes:1,5021,2801,097981759549871
Income tax expense(120)(155)(437)(245)(170)(130)(200)
Net income:1,3821,125660736589419671
Net income (loss) attributable to noncontrolling interest(3)3(0)    
Other undisclosed net income attributable to parent  0    
Net income available to common stockholders, diluted:1,3791,128660736589419671

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,3821,125660736589419671
Other comprehensive income (loss)262(7)1(4)(7)(5)
Other undisclosed comprehensive loss(1,382)      
Comprehensive income:251,127653737584412667
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)3(0)    
Other undisclosed comprehensive income, net of tax, attributable to parent1,382 0    
Comprehensive income, net of tax, attributable to parent:1,4051,130653737584412667

Statements sources

The financial statements are based on the company's filings with the 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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