← INTUITIVE SURGICAL INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $1.3b | $1.8b | $2.3b | $2.9b | |
| Net Income (Loss) Attributable to Parent | $735.9m | $660.0m | $1.1b | $1.4b | $1.1b | $1.7b | $1.3b | $1.8b | $2.3b | $2.9b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $1.1b | $1.4b | $1.1b | $1.7b | $1.3b | $1.8b | $2.3b | $2.9b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $400k | ($2.9m) | $2.5m | $6.2m | $23.5m | $22.1m | $19.3m | $14.9m | $20.6m | |
| Depreciation | $70.7m | $82.1m | $105.9m | $156.7m | $220.6m | $280.0m | $326.0m | $382.0m | $439.0m | $600.0m | |
| Amortization of Intangible Assets | $18.2m | $12.9m | $14.2m | $43.0m | $49.8m | $27.4m | $27.8m | $20.2m | $16.7m | $13.2m | |
| Amortization Cash Flow | — | — | — | — | — | — | $27.8m | $53.2m | $54.4m | $62.4m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $27.8m | $53.2m | $54.4m | $62.4m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $365.8m | $454.8m | $499.7m | $677.1m | |
| Deferred Income Tax Expense (Benefit) | $19.1m | $62.7m | $34.0m | ($6.1m) | $57.6m | ($64.0m) | ($185.3m) | ($280.8m) | ($135.3m) | $19.1m | |
| Deferred Income Tax | — | — | — | — | — | — | ($185.3m) | ($280.8m) | ($135.3m) | $19.1m | |
| Deferred Tax | — | — | — | — | — | — | ($185.3m) | ($280.8m) | ($135.3m) | $19.1m | |
| Share-based Payment Arrangement, Noncash Expense | $177.6m | $209.1m | $261.2m | $335.8m | $395.4m | $449.2m | $513.2m | $592.8m | $676.8m | $788.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $24.0m | $56.6m | $120.0m | $159.1m | $175.2m | $211.6m | $194.2m | $164.7m | $270.0m | $419.1m | |
| Share-based Payment Arrangement, Expense | $178.0m | $209.9m | $262.6m | $337.9m | $398.7m | $456.8m | $516.5m | $598.2m | $688.1m | $802.8m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | — | — | — | — | $0 | $0 | $0 | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | $3.8m | $0 | $1.1m | $1.0m | |
| Income Tax Expense (Benefit) | $244.9m | $436.5m | $154.5m | $120.4m | $140.2m | $162.2m | $262.4m | $141.6m | $336.3m | $434.8m | |
| Operating Lease, Expense | — | — | — | $19.1m | $21.0m | $20.4m | $25.7m | $26.8m | $33.9m | $40.9m | |
| Operating Lease, Lease Income | — | — | — | $106.9m | $176.7m | $276.9m | $376.5m | $500.5m | $654.2m | $874.3m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $35.9m | $81.7m | $161.3m | ($38.8m) | ($5.7m) | $142.3m | $159.3m | $186.3m | $95.9m | $301.7m | |
| Increase (Decrease) in Inventories | $46.7m | $115.5m | $279.0m | $360.5m | $170.1m | $256.0m | $546.6m | $712.5m | $830.0m | $1.1b | |
| Increase (Decrease) in Accounts Payable | $15.9m | $14.0m | $16.7m | $12.3m | ($32.3m) | $36.0m | $21.3m | $41.7m | ($400k) | $57.9m | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($5.6m) | $9.7m | ($2.6m) | ($1.5m) | $10.9m | ($16.4m) | ($54.2m) | ($8.5m) | ($45.9m) | ($7.5m) | |
| Gain (Loss) Related to Litigation Settlement | — | — | $42.5m | $42.5m | — | — | — | — | — | — | |
| Goodwill | $201.1m | $201.1m | $240.6m | $307.2m | $336.7m | $343.6m | $348.5m | $348.7m | $347.5m | $370.3m | |
| Nonoperating Income (Expense) | $35.6m | $41.9m | $80.1m | $127.7m | $157.2m | $69.3m | $29.7m | $192.1m | $324.9m | $365.9m | |
| Operating Expenses | $944.9m | $1.1b | $1.4b | $1.7b | $1.8b | $2.1b | $2.6b | $3.0b | $3.3b | $3.7b | |
| Realized Investment Gains (Losses) | — | — | — | — | — | $0 | $0 | — | — | — | |
| Unrealized Gain (Loss) on Investments | $35.9m | $21.2m | $1.8m | $20.4m | $29.5m | $16.0m | ($154.2m) | ($29.7m) | $0 | $0 | |
| Beginning Cash Position | — | — | — | — | — | — | $1.3b | $1.6b | $2.8b | $2.1b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($2.6b) | ($287.6m) | $150.9m | ($2.4b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $1.4b | ($360.1m) | ($3.3b) | $665.8m | |
| Change In Account Payable | — | — | — | — | — | — | $21.3m | $41.7m | ($400k) | $57.9m | |
| Change In Inventory | — | — | — | — | — | — | ($546.6m) | ($712.5m) | ($830.0m) | ($1.1b) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $121.7m | ($32.9m) | $108.3m | $34.1m | |
| Change In Other Working Capital | — | — | — | — | — | — | $73.0m | $88.2m | $130.5m | $187.9m | |
| Change In Payable | — | — | — | — | — | — | $21.3m | $41.7m | ($400k) | $57.9m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $21.3m | $41.7m | ($400k) | $57.9m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($129.2m) | $24.2m | ($231.8m) | ($187.1m) | |
| Change In Receivables | — | — | — | — | — | — | ($159.3m) | ($186.3m) | ($95.9m) | ($301.7m) | |
| Change In Working Capital | — | — | — | — | — | — | ($619.1m) | ($777.6m) | ($919.3m) | ($1.3b) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($159.3m) | ($186.3m) | ($95.9m) | ($301.7m) | |
| Changes In Cash | — | — | — | — | — | — | $289.3m | $1.2b | ($706.9m) | $1.3b | |
| End Cash Position | — | — | — | — | — | — | $1.6b | $2.8b | $2.1b | $3.4b | |
| Financing Cash Flow | — | — | — | — | — | — | ($2.6b) | ($287.6m) | $150.9m | ($2.4b) | |
| Free Cash Flow | — | — | — | — | — | — | $958.4m | $749.6m | $1.3b | $2.5b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $49.0m | $7.3m | ($43.3m) | ($57.2m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | ($3.8m) | $0 | ($1.1m) | ($1.0m) | |
| Investing Cash Flow | — | — | — | — | — | — | $1.4b | ($360.1m) | ($3.3b) | $665.8m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($12.8m) | ($8.9m) | ($1.0m) | ($13.9m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($532.4m) | ($1.1b) | ($1.1b) | ($539.8m) | |
| Operating Gains Losses | — | — | — | — | — | — | $45.2m | $7.3m | ($44.4m) | ($58.2m) | |
| Other Non Cash Items | — | — | — | — | — | $22.0m | $26.6m | $33.0m | $37.7m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $233.8m | $296.3m | $429.4m | $350.3m | |
| Purchase Of Business | — | — | — | — | — | — | ($12.8m) | ($8.9m) | ($1.0m) | ($13.9m) | |
| Purchase Of PPE | $53.9m | $190.7m | $187.4m | $425.6m | $341.5m | $353.5m | ($532.4m) | ($1.1b) | ($1.1b) | ($539.8m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($2.6b) | ($416.3m) | $0 | ($2.3b) | |
| Stock Based Compensation | — | — | — | — | — | — | $513.2m | $592.8m | $676.8m | $788.2m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $600k | ($1.2m) | $1.0m | $5.3m | $2.8m | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $1.0b | $1.1b | $1.2b | $1.6b | $1.5b | $2.1b | $1.5b | $1.8b | $2.4b | $3.0b | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($532.4m) | ($1.1b) | ($1.1b) | ($539.8m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $87.9m | $59.7m | $37.7m | $8.7m | $12.8m | $8.9m | $1.0m | $13.9m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $1.9b | $713.0m | ($2.2b) | $1.2b | |
| Purchase Of Investment | — | — | — | — | — | — | ($1.4b) | ($2.2b) | ($5.1b) | ($1.2b) | |
| Sale Of Investment | — | — | — | — | — | — | $3.3b | $2.9b | $3.0b | $2.4b | |
| Net Cash Provided by (Used in) Investing Activities | ($1.3b) | $378.7m | ($1.0b) | ($1.2b) | ($940.6m) | ($2.5b) | $1.4b | ($360.1m) | ($3.3b) | $665.8m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $970.1m | $703.1m | $1.5b | $2.6b | $2.9b | $4.3b | $3.3b | $2.7b | $2.9b | $2.2b | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($2.6b) | ($416.3m) | $0 | ($2.3b) | |
| Payments for Repurchase of Common Stock | $42.5m | $2.3b | $0 | $269.5m | $134.3m | $0 | $2.6b | $416.3m | $0 | $2.3b | |
| Common Stock Payments | — | — | — | — | — | — | ($2.6b) | ($416.3m) | $0 | ($2.3b) | |
| Proceeds from Noncontrolling Interests | — | $2.0m | $10.0m | $10.0m | $0 | $0 | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | $0 | $2.0m | $9.7m | — | — | — | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($198.7m) | ($167.6m) | ($278.5m) | ($419.1m) | |
| Net Cash Provided by (Used in) Financing Activities | $558.5m | ($1.9b) | $126.3m | ($168.4m) | ($85.7m) | $43.0m | ($2.6b) | ($287.6m) | $150.9m | ($2.4b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $0 | $2.1m | ($100k) | ($2.2m) | ($2.6m) | ($3.4m) | $5.4m | $3.3m | ($800k) | $12.8m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $5.4m | $3.3m | ($800k) | $12.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $0 | $2.1m | ($100k) | $273.2m | $455.9m | ($332.5m) | $294.7m | $1.2b | ($707.7m) | $1.3b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $0 | $2.1m | $909.4m | $1.2b | $1.6b | $1.3b | $1.6b | $2.8b | $2.1b | $3.4b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $294.7m | $1.2b | ($707.7m) | $1.3b | |
| Income Taxes Paid, Net | ($24.0m) | ($56.6m) | ($120.0m) | ($159.1m) | ($175.2m) | ($211.6m) | ($194.2m) | ($164.7m) | ($270.0m) | $537.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.