◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

INTUITIVE SURGICAL INC CIK: 1035267 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0001035267-23-000092
Period End Date 20230331
Filing Date 20230420
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance isrg-20230331_htm.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 line items
Line Item Tag Value Unit Period
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 2.50M shares Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 2.50M shares Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.58B USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.14B USD Point-in-time
Short-term investments MarketableSecuritiesCurrent $2.55B USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Short-term investments MarketableSecuritiesCurrent $2.54B USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 600.00M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $942.10M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $925.30M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 600.00M shares Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Inventory InventoryNet $893.20M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Inventory InventoryNet $946.60M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 350.00M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 350.40M shares Point-in-time
Prepaids and other current assets PrepaidExpenseAndOtherAssetsCurrent $299.80M USD Point-in-time
Prepaids and other current assets PrepaidExpenseAndOtherAssetsCurrent $312.90M USD Point-in-time
Total current assets AssetsCurrent $6.88B USD Point-in-time
Total current assets AssetsCurrent $6.25B USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 350.40M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 350.00M shares Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $2.37B USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $2.58B USD Point-in-time
Long-term investments MarketableSecuritiesNoncurrent $1.89B USD Point-in-time
Long-term investments MarketableSecuritiesNoncurrent $2.62B USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $664.60M USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $644.70M USD Point-in-time
Intangible and other assets, net IntangibleAndOtherAssets $710.10M USD Point-in-time
Intangible and other assets, net IntangibleAndOtherAssets $716.30M USD Point-in-time
Goodwill Goodwill $348.50M USD Point-in-time
Goodwill Goodwill $348.60M USD Point-in-time
Total assets Assets $13.05B USD Point-in-time
Total assets Assets $12.97B USD Point-in-time
Accounts payable AccountsPayableCurrent $164.10M USD Point-in-time
Accounts payable AccountsPayableCurrent $147.00M USD Point-in-time
Accrued compensation and employee benefits EmployeeRelatedLiabilitiesCurrent $260.90M USD Point-in-time
Accrued compensation and employee benefits EmployeeRelatedLiabilitiesCurrent $401.60M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $397.30M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $417.80M USD Point-in-time
Other accrued liabilities OtherLiabilitiesCurrent $464.60M USD Point-in-time
Other accrued liabilities OtherLiabilitiesCurrent $476.20M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.42B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.31B USD Point-in-time
Other long-term liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $451.60M USD Point-in-time
Other long-term liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $439.30M USD Point-in-time
Total liabilities Liabilities $1.86B USD Point-in-time
Total liabilities Liabilities $1.76B USD Point-in-time
Contingencies (Note 8) CommitmentsAndContingencies - USD Point-in-time
Contingencies (Note 8) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, 2.5 shares authorized, $0.001 par value, issuable in series; zero shares issued and outstanding as of March 31, 2023, and December 31, 2022 PreferredStockValue - USD Point-in-time
Preferred stock, 2.5 shares authorized, $0.001 par value, issuable in series; zero shares issued and outstanding as of March 31, 2023, and December 31, 2022 PreferredStockValue - USD Point-in-time
Common stock, 600.0 shares authorized, $0.001 par value, 350.4 shares and 350.0 shares issued and outstanding as of March 31, 2023, and December 31, 2022, respectively CommonStockValue $400.00K USD Point-in-time
Common stock, 600.0 shares authorized, $0.001 par value, 350.4 shares and 350.0 shares issued and outstanding as of March 31, 2023, and December 31, 2022, respectively CommonStockValue $400.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $7.93B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $7.70B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $3.40B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $3.50B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-162.50M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-108.50M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-24.20M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-110.70M USD Point-in-time
Total Intuitive Surgical, Inc. stockholders equity StockholdersEquity $11.04B USD Point-in-time
Total Intuitive Surgical, Inc. stockholders equity StockholdersEquity $11.22B USD Point-in-time
Noncontrolling interest in joint venture MinorityInterest $76.50M USD Point-in-time
Noncontrolling interest in joint venture MinorityInterest $70.70M USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.16B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $11.95B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $11.29B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $11.11B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $12.97B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $13.05B USD Point-in-time
Income Statement 50 line items
Line Item Tag Value Unit Period
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $1.70B USD 1 Quarter
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $1.49B USD 1 Quarter
Total cost of revenue CostOfGoodsAndServicesSold $583.20M USD 1 Quarter
Total cost of revenue CostOfGoodsAndServicesSold $478.00M USD 1 Quarter
Gross profit GrossProfit $1.11B USD 1 Quarter
Gross profit GrossProfit $1.01B USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $391.10M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $480.50M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $210.50M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $244.90M USD 1 Quarter
Total operating expenses OperatingExpenses $725.40M USD 1 Quarter
Total operating expenses OperatingExpenses $601.60M USD 1 Quarter
Income from operations OperatingIncomeLoss $408.10M USD 1 Quarter
Income from operations OperatingIncomeLoss $387.60M USD 1 Quarter
Interest and other income (expense), net NonoperatingIncomeExpense $-5.70M USD 1 Quarter
Interest and other income (expense), net NonoperatingIncomeExpense $34.20M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $402.40M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $421.80M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $33.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $61.00M USD 1 Quarter
Net income ProfitLoss $369.40M USD 1 Quarter
Net income ProfitLoss $360.80M USD 1 Quarter
Less: net income attributable to noncontrolling interest in joint venture NetIncomeLossAttributableToNoncontrollingInterest $5.50M USD 1 Quarter
Less: net income attributable to noncontrolling interest in joint venture NetIncomeLossAttributableToNoncontrollingInterest $3.80M USD 1 Quarter
Net income attributable to Intuitive Surgical, Inc. NetIncomeLoss $355.30M USD 1 Quarter
Net income attributable to Intuitive Surgical, Inc. NetIncomeLoss $365.60M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.01 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.02 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.00 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.00 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 358.40M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 350.20M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 356.00M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 366.70M shares 1 Quarter
Unrealized gains on hedge instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $1.00M USD 1 Quarter
Unrealized gains on hedge instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $2.50M USD 1 Quarter
Unrealized gains (losses) on available-for-sale securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-90.70M USD 1 Quarter
Unrealized gains (losses) on available-for-sale securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $37.60M USD 1 Quarter
Foreign currency translation gains OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $3.50M USD 1 Quarter
Foreign currency translation gains OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $14.20M USD 1 Quarter
Prior service cost for employee benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-100.00K USD 1 Quarter
Prior service cost for employee benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax - USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-86.10M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $54.30M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $415.10M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $283.30M USD 1 Quarter
Less: comprehensive income attributable to noncontrolling interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $4.20M USD 1 Quarter
Less: comprehensive income attributable to noncontrolling interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $5.80M USD 1 Quarter
Total comprehensive income attributable to Intuitive Surgical, Inc. ComprehensiveIncomeNetOfTax $409.30M USD 1 Quarter
Total comprehensive income attributable to Intuitive Surgical, Inc. ComprehensiveIncomeNetOfTax $279.10M USD 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $369.40M USD 1 Quarter
Net income ProfitLoss $360.80M USD 1 Quarter
Depreciation and loss on disposal of property, plant, and equipment DepreciationandGainLossonDispositionofPropertyPlantEquipment $77.70M USD 1 Quarter
Depreciation and loss on disposal of property, plant, and equipment DepreciationandGainLossonDispositionofPropertyPlantEquipment $87.70M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $5.00M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $6.10M USD 1 Quarter
Gain on sale of business GainLossOnSaleOfBusiness $3.80M USD 1 Quarter
Gain on sale of business GainLossOnSaleOfBusiness - USD 1 Quarter
Loss on investments, accretion of discounts, and amortization of premiums on investments, net AccretionAmortizationOfDiscountsAndPremiumsInvestments $-26.00M USD 1 Quarter
Loss on investments, accretion of discounts, and amortization of premiums on investments, net AccretionAmortizationOfDiscountsAndPremiumsInvestments $-4.90M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $14.40M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $-9.30M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $120.80M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $139.80M USD 1 Quarter
Amortization of contract acquisition assets CapitalizedContractCostAmortization $6.60M USD 1 Quarter
Amortization of contract acquisition assets CapitalizedContractCostAmortization $7.40M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-16.90M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $123.40M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $127.10M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $120.10M USD 1 Quarter
Prepaids and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $21.70M USD 1 Quarter
Prepaids and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $27.30M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-1.90M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $16.90M USD 1 Quarter
Accrued compensation and employee benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-140.60M USD 1 Quarter
Accrued compensation and employee benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-130.30M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $24.20M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $11.40M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-6.50M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $20.60M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $223.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $371.40M USD 1 Quarter
Purchase of investments PaymentsToAcquireMarketableSecurities $1.19B USD 1 Quarter
Purchase of investments PaymentsToAcquireMarketableSecurities $3.50M USD 1 Quarter
Proceeds from sales of investments ProceedsFromSaleOfAvailableForSaleSecuritiesDebt - USD 1 Quarter
Proceeds from sales of investments ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $26.30M USD 1 Quarter
Proceeds from maturities of investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $744.40M USD 1 Quarter
Proceeds from maturities of investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $1.07B USD 1 Quarter
Purchase of property, plant, and equipment PaymentsToAcquireProductiveAssets $194.10M USD 1 Quarter
Purchase of property, plant, and equipment PaymentsToAcquireProductiveAssets $93.60M USD 1 Quarter
Acquisition of businesses, net of cash, and intellectual property and other investing activities PaymentsToAcquireBusinessesNetOfCashAcquired $1.50M USD 1 Quarter
Acquisition of businesses, net of cash, and intellectual property and other investing activities PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-214.70M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $573.10M USD 1 Quarter
Proceeds from issuance of common stock relating to employee stock plans ProceedsFromStockPlans $80.00M USD 1 Quarter
Proceeds from issuance of common stock relating to employee stock plans ProceedsFromStockPlans $100.20M USD 1 Quarter
Taxes paid related to net share settlement of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $129.70M USD 1 Quarter
Taxes paid related to net share settlement of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $172.20M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $106.50M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $350.00M USD 1 Quarter
Payment of deferred purchase consideration PaymentForContingentConsiderationLiabilityFinancingActivities $1.70M USD 1 Quarter
Payment of deferred purchase consideration PaymentForContingentConsiderationLiabilityFinancingActivities $1.20M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-381.20M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-199.90M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.80M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.80M USD 1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-187.80M USD 1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $565.10M USD 1 Quarter
Cash, cash equivalents, and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.60B USD Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.12B USD Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.17B USD Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.31B USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.12B USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.17B USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.60B USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.31B USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...