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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,1224,2315,1723,2223,0631,961
Cash and cash equivalents1,5811,2911,6231,168858648
Short-term investments2,5412,9403,5492,0542,2051,312
Receivables942783646645682512
Inventory, net of allowances, customer advances and progress billings893587602596409241
Inventory893587602596409241
Prepaid expense164134126   
Other undisclosed current assets1311108120017997
Total current assets:6,2535,8456,6264,6634,3332,811
Noncurrent Assets
Operating lease, right-of-use asset 82746474
Property, plant and equipment2,3741,8761,5771,273812613
Long-term investments and receivables2,6244,4161,7582,6241,7711,886
Long-term investments2,6244,4161,7582,6241,7711,886
Intangible assets, net (including goodwill)398414414419307227
Goodwill349344337307241201
Intangible assets, net (excluding goodwill)5071771126726
Deferred income tax assets665441368 
Other undisclosed noncurrent assets578488362681623221
Total noncurrent assets:6,7217,7104,5435,0713,5142,947
TOTAL ASSETS:12,97413,55511,1699,7337,8475,758
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities549471317375295420
Employee-related liabilities350235252194168
Accounts payable1471218212410183
Accrued liabilities402    170
Deferred revenue397377350338
Deferred revenue and credits294285
Other liabilities476301298317232 
Total current liabilities:1,4221,1509651,030821704
Noncurrent Liabilities
Long-term debt and lease obligation:  67    
Liabilities, other than long-term debt439454445418339327
Deferred revenue and credits33 
Accounts payable and accrued liabilities398417413391306 
Deferred revenue41373227
Other liabilities      327
Operating lease, liability  67  
Other undisclosed noncurrent liabilities  (67)    
Total noncurrent liabilities:439454445418339327
Total liabilities:1,8611,6041,4101,4491,1591,031
Equity
Equity, attributable to parent11,04211,9019,7328,2646,6794,725
Common stock000000
Additional paid in capital7,7047,1646,4455,7575,1704,679
Accumulated other comprehensive income (loss)(163)(24)2512(13)(16)
Retained earnings3,5004,7613,2612,4951,52261
Equity, attributable to noncontrolling interest7150282192
Total equity:11,11311,9529,7598,2856,6884,727
TOTAL LIABILITIES AND EQUITY:12,97413,55511,1699,7337,8475,758

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues6,2225,7104,3584,4793,7243,129
Revenue, net513,129
Cost of revenue
(Cost of Goods and Services Sold)
(2,026)(1,752)(1,497)(1,368)(1,120)(935)
Gross profit:4,1963,9592,8613,1102,6042,194
Operating expenses(2,619)(2,138)(1,811)(1,736)(1,405)(1,140)
Operating income:1,5771,8211,0501,3751,1991,055
Nonoperating income30691571288042
Gain (loss), foreign currency transaction, before tax(54)(16)11(2)(3)10
Income from continuing operations before income taxes:1,6071,8901,2071,5021,2801,097
Income tax expense(262)(162)(140)(120)(155)(437)
Income from continuing operations:1,3441,7281,0671,3821,125660
Income before gain (loss) on sale of properties:1,7281,0671,3821,125660
Net income:1,3441,7281,0671,3821,125660
Net income (loss) attributable to noncontrolling interest  (24)(6)(3)3(0)
Other undisclosed net income (loss) attributable to parent(22)    0
Net income available to common stockholders, diluted:1,3221,7051,0611,3791,128660

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,3441,7281,0671,3821,125660
Other comprehensive income (loss)(140)(50)13262(7)
Other undisclosed comprehensive loss    (1,382)  
Comprehensive income:1,2041,6781,079251,127653
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(20)(24)(6)(3)3(0)
Other undisclosed comprehensive income, net of tax, attributable to parent  1 1,382 0
Comprehensive income, net of tax, attributable to parent:1,1841,6561,0731,4051,130653

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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