← 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 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $735.9m
$660.0m -10.31%
$1.1b +70.89%
$1.4b +22.29%
$1.1b -23.11%
$1.7b +60.72%
$1.3b -22.43%
$1.8b +35.98%
$2.3b +29.18%
$2.9b +22.97%
—
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 $696.3m
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 $97.9m
Depreciation Amortization Depletion — — — — — — $365.8m $454.8m $499.7m $677.1m $794.2m
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 $418.8m
Deferred Tax — — — — — — ($185.3m) ($280.8m) ($135.3m) $19.1m $418.8m
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 $826.2m
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 $826.2m
Goodwill, Impairment Loss $0 $0 $0 — — — — $0 $0 $0 —
Nonoperating Income (Expense) $35.6m $41.9m $80.1m $127.7m $157.2m $69.3m $29.7m $192.1m $324.9m $365.9m —
Changes in operating assets and liabilities:
Change In Working Capital — — — — — — ($619.1m) ($777.6m) ($919.3m) ($1.3b) ($1.4b)
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 ($307.4m)
Change In Receivables — — — — — — ($159.3m) ($186.3m) ($95.9m) ($301.7m) ($307.4m)
Changes In Account Receivables — — — — — — ($159.3m) ($186.3m) ($95.9m) ($301.7m) ($307.4m)
Increase (Decrease) in Inventories $46.7m $115.5m $279.0m $360.5m $170.1m $256.0m $546.6m $712.5m $830.0m $1.1b ($1.1b)
Change In Inventory — — — — — — ($546.6m) ($712.5m) ($830.0m) ($1.1b) ($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 $6.9m
Change In Other Current Liabilities — — — — — — $121.7m ($32.9m) $108.3m $34.1m $106.6m
Net Cash Provided by (Used in) Operating Activities $1.0b
$1.1b +9.68%
$1.2b +2.25%
$1.6b +36.65%
$1.5b -7.10%
$2.1b +40.72%
$1.5b -28.65%
$1.8b +21.67%
$2.4b +33.15%
$3.0b +25.49%
$3.7b +22.30%
Cash flows from investing activities:
Capital Expenditure — — — — — — ($532.4m) ($1.1b) ($1.1b) ($539.8m) ($483.8m)
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 —
Unrealized Gain (Loss) on Investments $35.9m $21.2m $1.8m $20.4m $29.5m $16.0m ($154.2m) ($29.7m) $0 $0 —
Payments to Acquire Businesses, Net of Cash Acquired — — $87.9m $59.7m $37.7m $8.7m $12.8m $8.9m $1.0m $13.9m ($540.9m)
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 ($749.5m)
Cash flows from financing activities:
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) ($3.6b)
Net Common Stock Issuance — — — — — — ($2.6b) ($416.3m) $0 ($2.3b) ($3.6b)
Repurchase Of Capital Stock — — — — — — ($2.6b) ($416.3m) $0 ($2.3b) ($3.6b)
Proceeds from (Payments for) Other Financing Activities $0 $2.0m $9.7m — — — — — — — —
Net Other Financing Charges — — — — — — ($198.7m) ($167.6m) ($278.5m) ($419.1m) ($418.3m)
Net Cash Provided by (Used in) Financing Activities $558.5m
($1.9b) -442.54%
$126.3m +106.60%
($168.4m) -233.33%
($85.7m) +49.11%
$43.0m +150.18%
($2.6b) -6082.09%
($287.6m) +88.82%
$150.9m +152.47%
($2.4b) -1666.67%
($3.6b) -53.21%
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 $2.8b
Beginning Cash Position — — — — — — $1.3b $1.6b $2.8b $2.1b $3.4b
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 $2.8b
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 $24.4m
Effect Of Exchange Rate Changes — — — — — — $5.4m $3.3m ($800k) $12.8m $24.4m
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Supplemental disclosure of cash flow information:
Income Taxes Paid, Net ($24.0m) ($56.6m) ($120.0m) ($159.1m) ($175.2m) ($211.6m) ($194.2m) ($164.7m) ($270.0m) $537.9m —
Additional Financial Items
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) on Disposition of Business — — — — — — $3.8m $0 $1.1m $1.0m —
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 —
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 Expenses $944.9m $1.1b $1.4b $1.7b $1.8b $2.1b $2.6b $3.0b $3.3b $3.7b —
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 —
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $600k ($1.2m) $1.0m $5.3m $2.8m — — — — — —
Proceeds from Noncontrolling Interests — $2.0m $10.0m $10.0m $0 $0 — — — — —
Realized Investment Gains (Losses) — — — — — $0 $0 — — — —
Cash Flow From Continuing Financing Activities — — — — — — ($2.6b) ($287.6m) $150.9m ($2.4b) ($3.6b)
Cash Flow From Continuing Investing Activities — — — — — — $1.4b ($360.1m) ($3.3b) $665.8m ($749.5m)
Change In Account Payable — — — — — — $21.3m $41.7m ($400k) $57.9m $6.9m
Change In Cash Supplemental As Reported — — — — — — $294.7m $1.2b ($707.7m) $1.3b —
Change In Other Working Capital — — — — — — $73.0m $88.2m $130.5m $187.9m $183.8m
Change In Payable — — — — — — $21.3m $41.7m ($400k) $57.9m $6.9m
Change In Prepaid Assets — — — — — — ($129.2m) $24.2m ($231.8m) ($187.1m) ($224.3m)
Changes In Cash — — — — — — $289.3m $1.2b ($706.9m) $1.3b ($665.2m)
End Cash Position — — — — — — $1.6b $2.8b $2.1b $3.4b $2.8b
Financing Cash Flow — — — — — — ($2.6b)
($287.6m) +88.82%
$150.9m +152.47%
($2.4b) -1666.67%
($3.6b) -53.21%
Free Cash Flow — — — — — — $958.4m $749.6m $1.3b $2.5b $3.2b
Gain Loss On Investment Securities — — — — — — $49.0m $7.3m ($43.3m) ($57.2m) ($48.8m)
Gain Loss On Sale Of Business — — — — — — ($3.8m) $0 ($1.1m) ($1.0m) ($8.9m)
Investing Cash Flow — — — — — — $1.4b ($360.1m) ($3.3b) $665.8m ($749.5m)
Net Business Purchase And Sale — — — — — — ($12.8m) ($8.9m) ($1.0m) ($13.9m) ($494.9m)
Net Investment Purchase And Sale — — — — — — $1.9b $713.0m ($2.2b) $1.2b $229.2m
Net PPE Purchase And Sale — — — — — — ($532.4m) ($1.1b) ($1.1b) ($539.8m) ($483.8m)
Operating Gains Losses — — — — — — $45.2m $7.3m ($44.4m) ($58.2m) ($57.7m)
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 $354.0m
Purchase Of Business — — — — — — ($12.8m) ($8.9m) ($1.0m) ($13.9m) ($540.9m)
Purchase Of Investment — — — — — — ($1.4b) ($2.2b) ($5.1b) ($1.2b) ($1.9b)
Purchase Of PPE $53.9m $190.7m $187.4m $425.6m $341.5m $353.5m ($532.4m) ($1.1b) ($1.1b) ($539.8m) ($483.8m)
Sale Of Investment — — — — — — $3.3b $2.9b $3.0b $2.4b $2.1b
Stock Based Compensation — — — — — — $513.2m $592.8m $676.8m $788.2m $826.2m

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.