Intuitive Surgical, Inc. (ISRG) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,2315,1723,2223,0631,9612,5551,560
Cash and cash equivalents1,2911,6231,1688586481,037715
Short-term investments2,9403,5492,0542,2051,3121,518845
Receivables783646645682512430394
Inventory, net of allowances, customer advances and progress billings587602596409241182168
Inventory587602596409241182168
Prepaid expense134126     
Other undisclosed current assets11081200179978374
Total current assets:5,8456,6264,6634,3332,8113,2502,196
Noncurrent Assets
Operating lease, right-of-use asset746474
Property, plant and equipment1,8761,5771,273812613458432
Long-term investments and receivables4,4161,7582,6241,7711,8862,2831,788
Long-term investments4,4161,7582,6241,7711,8862,2831,788
Intangible assets, net (including goodwill)414414419307227233251
Goodwill344337307241201201201
Intangible assets, net (excluding goodwill)717711267263250
Deferred income tax assets441368 
Other undisclosed noncurrent assets488362681623221262241
Total noncurrent assets:7,7104,5435,0713,5142,9473,2372,712
TOTAL ASSETS:13,55511,1699,7337,8475,7586,4874,907
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities471317375295420356266
Accounts payable12182124101836953
Accrued liabilities    17015196
Employee-related liabilities350235252194168136117
Deferred revenue377350338
Deferred revenue and credits294285241226
Other liabilities301298317232   
Total current liabilities:1,1509651,030821704597492
Noncurrent Liabilities
Long-term debt and lease obligation67      
Operating lease, liability67  
Liabilities, other than long-term debt45444541833932711396
Deferred revenue and credits33   
Accounts payable and accrued liabilities417413391306   
Deferred revenue373227
Other liabilities    32711396
Other undisclosed noncurrent liabilities(67)      
Total noncurrent liabilities:45444541833932711396
Total liabilities:1,6041,4101,4491,1591,031709588
Stockholders' equity
Stockholders' equity attributable to parent11,9019,7328,2646,6794,7255,7784,320
Common stock00000  
Additional paid in capital7,1646,4455,7575,1704,6794,2123,430
Accumulated other comprehensive income (loss)(24)2512(13)(16)(9)(10)
Retained earnings4,7613,2612,4951,522611,575899
Stockholders' equity attributable to noncontrolling interest50282192  
Total stockholders' equity:11,9529,7598,2856,6884,7275,7784,320
TOTAL LIABILITIES AND EQUITY:13,55511,1699,7337,8475,7586,4874,907

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5,7104,3584,4793,7243,1292,7042,384
Revenue, net513,1292,7042,384
Cost of revenue
(Cost of Goods and Services Sold)
(1,752)(1,497)(1,368)(1,120)(935)(814)(807)
Gross profit:3,9592,8613,1102,6042,1941,8901,578
Operating expenses(2,138)(1,811)(1,736)(1,405)(1,140)(945)(838)
Operating income:1,8211,0501,3751,1991,055945740
Nonoperating income6915712880423619
Investment income, nonoperating    (3)17
Foreign currency transaction gain (loss), before tax(16)11(2)(3)10(6)(8)
Income from continuing operations before income taxes:1,8901,2071,5021,2801,097981759
Income tax expense(162)(140)(120)(155)(437)(245)(170)
Net income:1,7281,0671,3821,125660736589
Net income (loss) attributable to noncontrolling interest(24)(6)(3)3(0)  
Other undisclosed net income attributable to parent    0  
Net income available to common stockholders, diluted:1,7051,0611,3791,128660736589

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,7281,0671,3821,125660736589
Other comprehensive income (loss)(50)13262(7)1(4)
Other undisclosed comprehensive loss  (1,382)    
Comprehensive income:1,6781,079251,127653737584
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(24)(6)(3)3(0)  
Other undisclosed comprehensive income, net of tax, attributable to parent1 1,382 0  
Comprehensive income, net of tax, attributable to parent:1,6561,0731,4051,130653737584

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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