Intuitive Surgical, Inc.

NasdaqGS-ISRG

OverviewFinancialsInvestor RelationsResearchEstimatesNewsOwnershipIndustryDividendsModelingFilings

Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Income	2,765.1	2,337.5	1,817.3	1,344.4	1,728.1	1,066.8	1,381.8	1,125	670.9	738.3	588.8
Net Income
Depreciation & Amortization	619	499.7	454.8	392.4	332.2	293.3	216.1	133.4	110	102.2	89.5
Depreciation and Loss on Disposal of Property, Plant, and Equipment
Amortization of Intangible Assets
Amortization of Contract Acquisition Assets
Stock Based Compensation	761.9	676.8	592.8	513.2	449.2	395.4	335.8	261.2	209.1	177.6	167.9
Share-Based Compensation Expense
Other Adjustments	-19.6	-179.7	-273.5	-140.1	-52	2.5	-14	33.7	81.4	86.6	52.5
Gain on Sale of Business
Gain on Investments, Accretion of Discounts, and Amortization of Premiums on Investments, Net
Income Tax Benefits Related to an Acquisition
Deferred Income Taxes
Income Tax Benefits from Employee Stock Option Plans
Excess Tax Benefit from Stock-Based Compensation
Income Tax Benefits from Employee Stock Plans
Excess Tax Benefit from Employee Stock Plans
Other Non-Cash Items
Changes in Trade Receivables	-108.3	-95.9	-186.3	-159.3	-142.3	5.7	38.8	-161.3	-81.4	-34.2	-79.2
Accounts Receivable
Changes in Inventories	-989.5	-830	-712.5	-546.6	-256	-170.1	-360.5	-279	-115.5	-46.7	-10.7
Inventory
Changes in Accounts Payable	75.4	-0.4	41.7	21.3	36	-32.3	12.3	16.7	14	15.9	-11.3
Accounts Payable
Changes in Accrued Expenses	78	99.3	34.8	51.5	115.1	-16.6	57.4	26.2	31.2	18.7	21.5
Accrued Compensation and Employee Benefits
Changes in Unearned Revenue	84.9	31.2	53.4	21.5	32.6	15	35.5	54.3	43.7	14.1	8.2
Deferred Revenue
Changes in Other Operating Activities	-305.2	-123.5	-8.7	-7.5	-153.5	-74.9	-105	-40.6	180.5	14.5	-21
Prepaids and Other Assets
Other Liabilities
Cash from Operating Activities	2,960.6	2,415	1,813.8	1,490.8	2,089.4	1,484.8	1,598.2	1,169.6	1,143.9	1,087	806.2
Net Cash Provided by Operating Activities

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Capital Expenditure	-689.3	-1,111.2	-1,064.2	-532.4	-339.5	-341.5	-425.6	-187.4	-190.7	-53.9	-81
Purchase of Property, Plant, and Equipment
Purchases of Investments	-2,220.9	-5,139.6	-2,207.4	-1,399.5	-6,452	-4,292.9	-3,346.2	-2,581.9	-1,995	-2,585.5	-1,827.4
Purchase of Investments
Proceeds from Sale of Investments	2,274.3	2,979	2,920.4	3,315.5	4,352.7	3,731.5	2,677.1	1,807.6	2,564.4	1,360	1,058.9
Proceeds from Sales and Maturities of Investments
Proceeds from Sales of Investments
Proceeds from Maturities of Investments
Payments for Business Acquisitions	—	—	—	—	—	—	—	—	—	—	—
Acquisition of Business, Net of Cash Acquired
Other Investing Activities	—	-1	-8.9	-12.8	-22.7	-37.7	-59.7	-87.9	—	—	—
Acquisition of Businesses, Net of Cash, and Intellectual Property and Other Investing Activities
Cash from Investing Activities	-389	-3,272.8	-360.1	1,370.8	-2,461.5	-940.6	-1,154.4	-1,049.6	378.7	-1,279.4	-849.5
Net Cash Provided by Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Repayments of Short-Term Debt	—	—	—	—	—	—	—	—	—	—	—
Repayment of Notes Payable
Net Issuance / (Repayments) of Short-Term Debt	—	—	—	—	—	—	—	—	—	—	—
Issuance of Common Shares	335.6	429.4	296.3	233.8	276.5	308.8	272.8	236.6	415.5	580.9	361.1
Proceeds from Issuance of Common Stock Relating to Employee Stock Plans
Repurchases of Common Shares	—	—	-416.3	-2,607.4	—	-134.3	-269.5	—	-2,274	-42.5	-183.7
Repurchase of Common Stock
Net Issuance / (Repurchases) of Common Shares	335.6	429.4	-120	-2,373.6	276.5	174.5	3.3	236.6	-1,858.5	538.4	177.4
Other Financing Activities	-418.5	-278.5	-167.6	-198.7	-233.5	-260.2	-171.7	-110.3	-54.6	-24	-18.3
Excess Tax Benefit from Employee Stock Plans
Taxes Paid Related to Net Share Settlement of Equity Awards
Capital Contribution from Noncontrolling Interest
Other Financing Activities
Cash Dividends Paid by Joint Venture to Noncontrolling Interest
Payment of Deferred Purchase Consideration
Cash from Financing Activities	-2,177.2	150.9	-287.6	-2,572.3	43	-85.7	-168.4	126.3	-1,913.1	514.4	159.1
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Free Cash Flow	2,271.3	1,303.8	749.6	958.4	1,749.9	1,143.3	1,172.6	982.2	953.2	1,033.1	725.2
NOPAT	2,459.8	2,053.5	1,639.1	1,319.6	1,664.7	927.9	1,264.3	1,054.6	645.5	711.6	574.4
Levered Free Cash Flow	1,620.2	887.7	597.3	722.5	1,471.5	733.5	809.5	851.5	744.1	803.1	584
Unlevered Free Cash Flow	1,333.1	618.6	438.4	719.8	1,431.6	600.8	694.5	778.2	718.7	776.4	569.6
Net Change in Cash	394.4	-706.9	1,166.1	289.3	-329.1	458.5	275.4	246.3	-390.5	322	115.8