Intuitive Surgical, Inc. (ISRG) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,1723,2223,0631,9612,5551,5601,233
Cash and cash equivalents1,6231,1688586481,037715600
Short-term investments3,5492,0542,2051,3121,518845632
Receivables646645682512430394315
Inventory, net of allowances, customer advances and progress billings602596409241182168182
Inventory602596409241182168182
Prepaid expense126      
Other undisclosed current assets81200179978374118
Total current assets:6,6264,6634,3332,8113,2502,1961,847
Noncurrent Assets
Operating lease, right-of-use asset6474
Property, plant and equipment1,5771,273812613458432387
Long-term investments and receivables1,7582,6241,7711,8862,2831,7881,265
Long-term investments1,7582,6241,7711,8862,2831,7881,265
Intangible assets, net (including goodwill)414419307227233251272
Goodwill337307241201201201198
Intangible assets, net (excluding goodwill)771126726325074
Deferred income tax assets368 
Other undisclosed noncurrent assets362681623221262241188
Total noncurrent assets:4,5435,0713,5142,9473,2372,7122,112
TOTAL ASSETS:11,1699,7337,8475,7586,4874,9073,959
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities317375295420356266292
Accounts payable8212410183695362
Accrued liabilities   17015196127
Employee-related liabilities23525219416813611796
Taxes payable      7
Deferred revenue350338
Deferred revenue and credits294285241226217
Other liabilities298317232    
Other undisclosed current liabilities      (7)
Total current liabilities:9651,030821704597492501
Noncurrent Liabilities
Liabilities, other than long-term debt44541833932711396158
Deferred revenue and credits33    
Accounts payable and accrued liabilities413391306   79
Deferred revenue3227
Other liabilities   3271139679
Other undisclosed noncurrent liabilities      (79)
Total noncurrent liabilities:4454183393271139679
Total liabilities:1,4101,4491,1591,031709588580
Stockholders' equity
Stockholders' equity attributable to parent9,7328,2646,6794,7255,7784,3203,379
Common stock0000   
Additional paid in capital6,4455,7575,1704,6794,2123,4302,897
Accumulated other comprehensive income (loss)2512(13)(16)(9)(10)(5)
Retained earnings3,2612,4951,522611,575899488
Stockholders' equity attributable to noncontrolling interest282192   
Total stockholders' equity:9,7598,2856,6884,7275,7784,3203,379
TOTAL LIABILITIES AND EQUITY:11,1699,7337,8475,7586,4874,9073,959

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,3584,4793,7243,1292,7042,3842,132
Revenue, net513,1292,7042,3842,132
Cost of revenue
(Cost of Goods and Services Sold)
(1,497)(1,368)(1,120)(935)(814)(807)(718)
Gross profit:2,8613,1102,6042,1941,8901,5781,414
Operating expenses(1,811)(1,736)(1,405)(1,140)(945)(838)(869)
Operating income:1,0501,3751,1991,055945740545
Nonoperating income157128804236194
Investment income, nonoperating   (3)17 
Foreign currency transaction gain (loss), before tax11(2)(3)10(6)(8)(7)
Income from continuing operations before income taxes:1,2071,5021,2801,097981759549
Income tax expense(140)(120)(155)(437)(245)(170)(130)
Net income:1,0671,3821,125660736589419
Net income (loss) attributable to noncontrolling interest(6)(3)3(0)   
Other undisclosed net income attributable to parent   0   
Net income available to common stockholders, diluted:1,0611,3791,128660736589419

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,0671,3821,125660736589419
Other comprehensive income (loss)13262(7)1(4)(7)
Other undisclosed comprehensive loss (1,382)     
Comprehensive income:1,079251,127653737584412
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(6)(3)3(0)   
Other undisclosed comprehensive income, net of tax, attributable to parent 1,382 0   
Comprehensive income, net of tax, attributable to parent:1,0731,4051,130653737584412

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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