Intuitive Surgical, Inc
(NASDAQ:ISRG)

Intuitive Surgical, Inc., together with its subsidiaries, designs, develops, manufactures, and markets da Vinci surgical systems, and related instruments and accessories in the United States and internationally. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3...

Website: http://www.intuitive.com

Founded: 1995

Full Time Employees: 7,326

CEO: Gary S Guthart

Sector: Healthcare

Industry: Medical Instruments & Supplies

Pharmaceuticals Surgical Systems Robotics

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At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2004-12-31	2003-12-31

revenue:
product	2,109,200,000	2,048,800,000	1,890,400,000	2,066,100,000	1,709,200,000	1,692,600,000	1,577,100,000	1,623,900,000	1,450,800,000	1,468,600,000	1,413,000,000	1,391,700,000	1,297,500,000	1,270,400,000	1,238,400,000	1,312,800,000	1,170,600,000	1,236,000,000	1,074,600,000	1,113,600,000	898,400,000	721,800,000	900,800,000	1,087,400,000	944,800,000	922,300,000	799,800,000	879,900,000	760,900,000	753,500,000	694,800,000	739,600,000	659,300,000	614,200,000	534,000,000	622,200,000	553,200,000	542,000,000	470,000,000	556,300,000	472,300,000	472,800,000	418,200,000	494,700,000	441,600,000	405,600,000	360,800,000	472,800,000	397,600,000	480,400,000	517,000,000	518,700,000	450,000,000	453,100,000	414,400,000	421,400,000	374,900,000	358,100,000	324,500,000	328,700,000	287,100,000	295,300,000	278,000,000
service	395,900,000	391,200,000	363,000,000	347,400,000	328,900,000	317,300,000	313,500,000	304,400,000	292,900,000	287,300,000	283,200,000	263,300,000	259,900,000	251,700,000	249,300,000	237,900,000	232,700,000	228,000,000	217,500,000	215,500,000	179,300,000	130,300,000	198,700,000	190,300,000	183,400,000	176,600,000	173,900,000	166,600,000	160,000,000	155,800,000	152,700,000	152,800,000	146,800,000	142,000,000	140,200,000	134,700,000	129,700,000	128,100,000	124,500,000	120,200,000	117,400,000	113,300,000	113,900,000	110,000,000	108,500,000	106,600,000	103,900,000	103,400,000	101,400,000	98,100,000	94,400,000	90,600,000	87,800,000	83,400,000	80,800,000	75,400,000	71,800,000	67,600,000	63,600,000	60,600,000	57,300,000	55,400,000	50,600,000
total revenue	2,505,100,000	2,440,000,000	2,253,400,000	2,413,500,000	2,038,100,000	2,009,900,000	1,890,600,000	1,928,300,000	1,743,700,000	1,755,900,000	1,696,200,000	1,655,000,000	1,557,400,000	1,522,100,000	1,487,700,000	1,550,700,000	1,403,300,000	1,464,000,000	1,292,100,000	1,329,100,000	1,077,700,000	852,100,000	1,099,500,000	1,277,700,000	1,128,200,000	1,098,900,000	973,700,000	1,046,500,000	920,900,000	909,300,000	847,500,000	892,400,000	806,100,000	756,200,000	674,200,000	756,900,000	682,900,000	670,100,000	594,500,000	676,500,000	589,700,000	586,100,000	532,100,000	604,700,000	550,100,000	512,200,000	464,700,000	576,200,000	499,000,000	578,500,000	611,400,000	609,300,000	537,800,000	536,500,000	495,200,000	496,800,000	446,700,000	425,700,000	388,100,000	389,300,000	344,400,000	350,700,000	328,600,000	323,038,000	280,134,000	260,624,000	188,372,000	231,545,000	235,992,000	219,189,000		189,446,000	156,904,000	140,249,000	114,229,000	112,567,000	95,832,000	87,025,000	77,258,000
yoy	22.91%	21.40%	19.19%	25.16%	16.88%	14.47%	11.46%	16.51%	11.96%	15.36%	14.01%	6.73%	10.98%	3.97%	15.14%	16.67%	30.21%	71.81%	17.52%	4.02%	-4.48%	-22.46%	12.92%	22.09%	22.51%	20.85%	14.89%	17.27%	14.24%	20.25%	25.70%	17.90%	18.04%	12.85%	13.41%	11.88%	15.80%	14.33%	11.73%	11.87%	7.20%	14.43%	14.50%	4.95%	10.24%	-11.46%	-23.99%	-5.43%	-7.21%	7.83%	23.47%	22.64%	20.39%	26.03%	27.60%	27.61%	29.70%	21.39%	18.11%	20.51%	22.94%	34.56%	74.44%	39.51%	18.70%	18.90%		22.22%	50.41%	56.29%		68.30%	63.73%	61.16%	47.85%
qoq	2.67%	8.28%	-6.63%	18.42%	1.40%	6.31%	-1.96%	10.59%	-0.69%	3.52%	2.49%	6.27%	2.32%	2.31%	-4.06%	10.50%	-4.15%	13.30%	-2.78%	23.33%	26.48%	-22.50%	-13.95%	13.25%	2.67%	12.86%	-6.96%	13.64%	1.28%	7.29%	-5.03%	10.71%	6.60%	12.16%	-10.93%	10.84%	1.91%	12.72%	-12.12%	14.72%	0.61%	10.15%	-12.01%	9.93%	7.40%	10.22%	-19.35%	15.47%	-13.74%	-5.38%	0.34%	13.29%	0.24%	8.34%	-0.32%	11.22%	4.93%	9.69%	-0.31%	13.04%	-1.80%	6.73%	1.72%	15.32%	7.49%	38.36%	-18.65%	-1.88%	7.67%			20.74%	11.88%	22.78%	1.48%	17.46%	10.12%	12.64%
cost of revenue:
total cost of revenue	842,700,000	822,100,000	795,700,000	771,300,000	664,200,000	637,200,000	645,200,000	650,900,000	576,500,000	584,000,000	583,200,000	544,100,000	505,300,000	498,800,000	478,000,000	489,900,000	431,900,000	440,300,000	389,500,000	433,300,000	353,400,000	349,200,000	361,300,000	381,700,000	342,600,000	339,900,000	304,100,000	310,800,000	278,600,000	277,000,000	253,700,000	259,100,000	239,300,000	228,300,000	208,100,000	229,700,000	195,900,000	199,200,000	189,500,000	217,700,000	193,900,000	199,600,000	195,300,000	211,300,000	189,500,000	167,800,000	149,300,000	178,200,000	142,300,000	173,300,000	177,100,000	171,400,000	147,700,000	150,100,000	139,300,000	133,900,000	121,200,000	119,100,000	109,300,000	107,200,000	93,800,000	93,900,000	88,100,000	89,879,000	81,130,000	70,439,000	59,668,000	66,205,000	66,417,000	63,133,000		54,246,000	48,434,000	46,141,000	37,721,000	37,622,000	33,599,000	28,048,000	25,577,000
gross profit	1,662,400,000	1,617,900,000	1,457,700,000	1,642,200,000	1,373,900,000	1,372,700,000	1,245,400,000	1,277,400,000	1,167,200,000	1,171,900,000	1,113,000,000	1,110,900,000	1,052,100,000	1,023,300,000	1,009,700,000	1,060,800,000	971,400,000	1,023,700,000	902,600,000	895,800,000	724,300,000	502,900,000	738,200,000	896,000,000	785,600,000	759,000,000	669,600,000	735,700,000	642,300,000	632,300,000	593,800,000	633,300,000	566,800,000	527,900,000	466,100,000	527,200,000	487,000,000	470,900,000	405,000,000	458,800,000	395,800,000	386,500,000	336,800,000	393,400,000	360,600,000	344,400,000	315,400,000	398,000,000	356,700,000	405,200,000	434,300,000	437,900,000	390,100,000	386,400,000	355,900,000	362,900,000	325,500,000	306,600,000	278,800,000	282,100,000	250,600,000	256,800,000	240,500,000	233,159,000	199,004,000	190,185,000	128,704,000	165,340,000	169,575,000	156,056,000	129,807,000	135,200,000	108,470,000	94,108,000	76,508,000	74,945,000	62,233,000	58,977,000	51,681,000
yoy	21.00%	17.86%	17.05%	28.56%	17.71%	17.13%	11.90%	14.99%	10.94%	14.52%	10.23%	4.72%	8.31%	-0.04%	11.87%	18.42%	34.12%	103.56%	22.27%	-0.02%	-7.80%	-33.74%	10.24%	21.79%	22.31%	20.04%	12.77%	16.17%	13.32%	19.78%	27.40%	20.13%	16.39%	12.10%	15.09%	14.91%	23.04%	21.84%	20.25%	16.62%	9.76%	12.22%	6.79%	-1.16%	1.09%	-15.00%	-27.38%	-9.11%	-8.56%	4.87%	22.03%	20.67%	19.85%	26.03%	27.65%	28.64%	29.89%	19.39%	15.93%	20.99%	25.93%	35.03%	86.86%	41.02%	17.35%	21.87%	-0.85%	22.29%	56.33%	65.83%	69.66%	80.40%	74.30%	59.57%	48.04%
qoq	2.75%	10.99%	-11.23%	19.53%	0.09%	10.22%	-2.51%	9.44%	-0.40%	5.29%	0.19%	5.59%	2.81%	1.35%	-4.82%	9.20%	-5.11%	13.42%	0.76%	23.68%	44.02%	-31.87%	-17.61%	14.05%	3.50%	13.35%	-8.98%	14.54%	1.58%	6.48%	-6.24%	11.73%	7.37%	13.26%	-11.59%	8.25%	3.42%	16.27%	-11.73%	15.92%	2.41%	14.76%	-14.39%	9.10%	4.70%	9.19%	-20.75%	11.58%	-11.97%	-6.70%	-0.82%	12.25%	0.96%	8.57%	-1.93%	11.49%	6.16%	9.97%	-1.17%	12.57%	-2.41%	6.78%	3.15%	17.16%	4.64%	47.77%	-22.16%	-2.50%	8.66%	20.22%	-3.99%	24.64%	15.26%	23.00%	2.09%	20.43%	5.52%	14.12%
gross margin %	66.36%	66.31%	64.69%	68.04%	67.41%	68.30%	65.87%	66.24%	66.94%	66.74%	65.62%	67.12%	67.55%	67.23%	67.87%	68.41%	69.22%	69.92%	69.86%	67.40%	67.21%	59.02%	67.14%	70.13%	69.63%	69.07%	68.77%	70.30%	69.75%	69.54%	70.06%	70.97%	70.31%	69.81%	69.13%	69.65%	71.31%	70.27%	68.12%	67.82%	67.12%	65.94%	63.30%	65.06%	65.55%	67.24%	67.87%	69.07%	71.48%	70.04%	71.03%	71.87%	72.54%	72.02%	71.87%	73.05%	72.87%	72.02%	71.84%	72.46%	72.76%	73.22%	73.19%	72.18%	71.04%	72.97%	68.32%	71.41%	71.86%	71.20%	Infinity%	71.37%	69.13%	67.10%	66.98%	66.58%	64.94%	67.77%	66.89%
operating expenses:
selling, general, and administrative	573,300,000	561,200,000																																																		93,525,000	129,000,000	120,900,000	124,200,000	79,200,000	111,200,000	106,500,000	99,100,000	65,750,000	91,600,000	88,600,000	82,800,000	49,876,250	69,863,000	67,276,000	62,366,000	42,207,500	62,692,000	57,504,000	48,634,000	28,247,250	40,163,000	38,883,000	33,945,000	19,913,000	28,578,000	27,265,000	23,810,000
research and development	329,400,000	313,300,000	316,200,000	294,700,000	286,000,000	280,100,000	284,500,000	260,100,000	249,400,000	244,400,000	244,900,000	244,100,000	217,100,000	207,300,000	210,500,000	183,400,000	165,500,000	162,300,000	159,800,000	149,800,000	155,000,000	143,200,000	147,100,000	156,600,000	135,900,000	120,800,000	144,000,000	119,900,000	107,600,000	95,100,000	95,500,000	87,100,000	83,400,000	84,600,000	73,500,000	69,100,000	62,600,000	54,700,000	53,200,000	52,600,000	51,000,000	49,400,000	44,400,000	47,300,000	47,500,000	40,200,000	43,000,000	41,700,000	43,200,000	41,200,000	41,600,000	41,700,000	49,700,000	40,200,000	38,400,000	41,400,000	35,400,000	32,000,000	31,400,000	32,600,000	26,900,000	28,500,000	28,000,000	25,771,000	24,650,000	23,369,000	21,312,000	20,863,000	21,851,000	20,357,000	16,301,000	16,123,000	14,319,000	10,192,000	8,224,000	8,448,000	7,979,000	7,205,000	6,145,000
total operating expenses	902,700,000	874,500,000	879,600,000	907,300,000	796,600,000	805,400,000	776,000,000	827,200,000	701,400,000	708,700,000	725,400,000	738,400,000	653,200,000	625,700,000	601,600,000	610,400,000	528,800,000	512,500,000	485,800,000	480,000,000	453,900,000	422,300,000	455,200,000	498,400,000	419,900,000	400,000,000	417,400,000	403,700,000	329,000,000	354,900,000	317,100,000	306,300,000	288,200,000	270,400,000	274,600,000	262,800,000	230,600,000	225,500,000	226,000,000	212,900,000	205,900,000	212,700,000	206,400,000	207,300,000	201,500,000	201,400,000	258,800,000	189,400,000	182,500,000	186,700,000	183,100,000	189,800,000	178,700,000	161,100,000	162,600,000	163,400,000	146,600,000	138,500,000	130,500,000	128,400,000	118,500,000	117,100,000	110,800,000	104,777,000	94,513,000	90,645,000	83,678,000	82,603,000	84,543,000	77,861,000		36,431,250	54,482,000	49,075,000
income from operations	759,700,000	743,400,000	578,100,000	734,900,000	577,300,000	567,300,000	469,400,000	450,200,000	465,800,000	463,200,000	387,600,000	372,500,000	398,900,000	397,600,000	408,100,000	450,400,000	442,600,000	511,200,000	416,800,000	415,800,000	270,400,000	80,600,000	283,000,000	397,600,000	365,700,000	359,000,000	252,200,000	332,000,000	313,300,000	277,400,000	276,700,000	327,000,000	278,600,000	257,500,000	191,500,000	264,400,000	256,400,000	245,400,000	179,000,000	245,900,000	189,900,000	173,800,000	130,400,000	186,100,000	159,100,000	143,000,000	56,600,000	208,600,000	174,200,000	218,500,000	251,200,000	248,100,000	211,400,000	225,300,000	193,300,000	199,500,000	178,900,000	168,100,000	148,300,000	153,700,000	132,100,000	139,700,000	129,700,000	128,382,000	104,491,000	99,540,000	45,026,000	82,737,000	85,032,000	78,195,000	64,872,000	73,381,000	53,988,000	45,033,000	34,339,000	35,446,000	25,676,000	24,507,000	21,726,000
yoy	31.60%	31.04%	23.16%	63.24%	23.94%	22.47%	21.10%	20.86%	16.77%	16.50%	-5.02%	-17.30%	-9.87%	-22.22%	-2.09%	8.32%	63.68%	534.24%	47.28%	4.58%	-26.06%	-77.55%	12.21%	19.76%	16.73%	29.42%	-8.85%	1.53%	12.46%	7.73%	44.49%	23.68%	8.66%	4.93%	6.98%	7.52%	35.02%	41.20%	37.27%	32.13%	19.36%	21.54%	130.39%	-10.79%	-8.67%	-34.55%	-77.47%	-15.92%	-17.60%	-3.02%	29.95%	24.36%	18.17%	34.03%	30.34%	29.80%	35.43%	20.33%	14.34%	19.72%	26.42%	40.35%	188.06%	55.17%	22.88%	27.30%	-30.59%	12.75%	57.50%	73.64%	88.92%	107.02%	110.27%	83.76%	58.05%
qoq	2.19%	28.59%	-21.34%	27.30%	1.76%	20.86%	4.26%	-3.35%	0.56%	19.50%	4.05%	-6.62%	0.33%	-2.57%	-9.39%	1.76%	-13.42%	22.65%	0.24%	53.77%	235.48%	-71.52%	-28.82%	8.72%	1.87%	42.35%	-24.04%	5.97%	12.94%	0.25%	-15.38%	17.37%	8.19%	34.46%	-27.57%	3.12%	4.48%	37.09%	-27.21%	29.49%	9.26%	33.28%	-29.93%	16.97%	11.26%	152.65%	-72.87%	19.75%	-20.27%	-13.02%	1.25%	17.36%	-6.17%	16.55%	-3.11%	11.51%	6.42%	13.35%	-3.51%	16.35%	-5.44%	7.71%	1.03%	22.86%	4.97%	121.07%	-45.58%	-2.70%	8.74%	20.54%	-11.60%	35.92%	19.89%	31.14%	-3.12%	38.05%	4.77%	12.80%
operating margin %	30.33%	30.47%	25.65%	30.45%	28.33%	28.23%	24.83%	23.35%	26.71%	26.38%	22.85%	22.51%	25.61%	26.12%	27.43%	29.04%	31.54%	34.92%	32.26%	31.28%	25.09%	9.46%	25.74%	31.12%	32.41%	32.67%	25.90%	31.72%	34.02%	30.51%	32.65%	36.64%	34.56%	34.05%	28.40%	34.93%	37.55%	36.62%	30.11%	36.35%	32.20%	29.65%	24.51%	30.78%	28.92%	27.92%	12.18%	36.20%	34.91%	37.77%	41.09%	40.72%	39.31%	41.99%	39.03%	40.16%	40.05%	39.49%	38.21%	39.48%	38.36%	39.83%	39.47%	39.74%	37.30%	38.19%	23.90%	35.73%	36.03%	35.67%	Infinity%	38.73%	34.41%	32.11%	30.06%	31.49%	26.79%	28.16%	28.12%
interest and other income	95,500,000	88,700,000	90,400,000	74,900,000	93,700,000	87,200,000	69,100,000	65,700,000	56,200,000	36,000,000	34,200,000	22,200,000	3,900,000	9,300,000	-5,700,000	3,800,000	18,500,000	15,000,000	32,000,000	20,700,000	84,800,000	26,600,000	25,100,000	34,100,000	33,300,000	32,800,000	27,500,000	26,800,000	21,900,000	18,200,000	13,200,000	12,300,000	10,800,000	10,100,000	8,700,000	11,700,000	10,400,000	8,000,000	5,500,000	5,900,000	3,700,000	4,600,000	4,300,000	-1,300,000	2,000,000	-400,000	3,900,000	5,900,000	3,900,000	4,300,000	4,300,000	3,700,000	4,300,000	4,000,000	3,800,000	3,600,000	1,900,000	4,100,000	5,300,000	3,500,000	5,000,000	4,500,000	4,100,000	4,123,000	4,362,000	5,171,000	5,016,000	5,525,000	4,594,000	5,707,000	8,541,000	8,432,000	12,220,000	5,232,000	4,608,000	4,181,000	3,146,000	3,255,000	2,201,000
income before taxes	855,200,000	832,100,000	668,500,000	809,800,000	671,000,000	654,500,000	538,500,000	515,900,000	522,000,000	499,200,000	421,800,000	394,700,000	402,800,000	406,900,000	402,400,000	454,200,000	461,100,000	526,200,000	448,800,000	436,500,000	355,200,000	107,200,000	308,100,000	431,700,000	399,000,000	391,800,000	279,700,000	358,800,000	335,200,000	295,600,000	289,900,000	339,300,000	289,400,000	267,600,000	200,200,000	276,100,000	266,800,000	253,400,000	184,500,000	251,800,000	193,600,000	178,400,000	134,700,000	184,800,000	161,100,000	142,600,000	60,500,000	214,500,000	178,100,000	222,800,000	255,500,000	251,800,000	215,700,000	229,300,000	197,100,000	126,650,000	180,800,000	172,200,000	153,600,000	103,775,000	137,100,000	144,200,000	133,800,000	65,901,500	108,853,000	104,711,000	50,042,000	61,735,250	89,626,000	83,902,000	73,413,000	38,855,250	66,208,000	50,265,000	38,947,000	20,127,750	28,822,000	27,762,000	23,927,000
income tax expense	146,000,000	167,900,000		121,800,000	100,400,000	123,000,000	-8,900,000	-94,800,000	102,200,000	73,200,000	61,000,000	58,000,000	78,100,000	93,300,000	33,000,000	71,500,000	73,900,000	3,200,000	13,600,000	72,900,000	38,400,000	37,000,000		69,000,000	300,000	75,400,000	-24,300,000	67,500,000	43,400,000	41,000,000	2,600,000	378,100,000	-8,100,000	46,100,000	20,400,000	72,100,000	55,800,000	68,900,000	48,100,000	61,800,000	26,300,000	43,900,000	37,700,000	38,000,000	37,400,000	38,600,000	16,200,000	48,300,000	21,300,000	63,700,000	66,600,000	76,900,000	32,400,000	74,400,000	53,600,000	51,900,000	58,400,000	54,800,000	49,500,000	36,000,000	50,500,000	55,500,000	48,500,000	54,953,000	44,329,000	42,323,000	21,900,000	37,504,000	32,032,000	32,720,000	28,632,000	32,660,000	25,289,000	19,602,000	15,145,000	15,986,000	11,559,000	11,080,000	9,469,000
net income	709,200,000	664,200,000	703,700,000	688,000,000	570,600,000	531,500,000	547,400,000	610,700,000	419,800,000	426,000,000	360,800,000	336,700,000	324,700,000	313,600,000	369,400,000	382,700,000	387,200,000	523,000,000	435,200,000	363,600,000	316,800,000	70,200,000	316,200,000	362,700,000	398,700,000	316,400,000	304,000,000	291,300,000	291,800,000	254,600,000	287,300,000	-38,800,000	297,500,000	221,500,000	179,800,000	204,000,000	211,000,000	184,500,000	136,400,000	190,000,000	167,300,000	134,500,000	97,000,000	146,800,000	123,700,000	104,000,000	44,300,000	166,200,000	156,800,000	159,100,000	188,900,000	174,900,000	183,300,000	154,900,000	143,500,000	151,200,000	122,400,000	117,400,000	104,100,000	121,200,000	86,600,000	88,700,000	85,300,000	77,552,000	64,524,000	62,388,000	28,142,000	50,758,000	57,594,000	51,182,000	44,781,000	49,153,000	40,919,000	30,663,000	23,802,000	23,641,000	17,263,000	16,682,000	14,458,000
yoy	24.29%	24.97%	28.55%	12.66%	35.92%	24.77%	51.72%	81.38%	29.29%	35.84%	-2.33%	-12.02%	-16.14%	-40.04%	-15.12%	5.25%	22.22%	645.01%	37.63%	0.25%	-20.54%	-77.81%	4.01%	24.51%	36.63%	24.27%	5.81%	-850.77%	-1.92%	14.94%	59.79%	-119.02%	41.00%	20.05%	31.82%	7.37%	26.12%	37.17%	40.62%	29.43%	35.25%	29.33%	118.96%	-11.67%	-21.11%	-34.63%	-76.55%	-4.97%	-14.46%	2.71%	31.64%	15.67%	49.75%	31.94%	37.85%	24.75%	41.34%	32.36%	22.04%	56.28%	34.21%	42.17%	203.11%	52.79%	12.03%	21.89%	-37.16%	3.27%	40.75%	66.92%	88.14%	107.91%	137.03%	83.81%	64.63%
qoq	6.78%	-5.61%	2.28%	20.57%	7.36%	-2.90%	-10.37%	45.47%	-1.46%	18.07%	7.16%	3.70%	3.54%	-15.11%	-3.48%	-1.16%	-25.97%	20.17%	19.69%	14.77%	351.28%	-77.80%	-12.82%	-9.03%	26.01%	4.08%	4.36%	-0.17%	14.61%	-11.38%	-840.46%	-113.04%	34.31%	23.19%	-11.86%	-3.32%	14.36%	35.26%	-28.21%	13.57%	24.39%	38.66%	-33.92%	18.67%	18.94%	134.76%	-73.35%	5.99%	-1.45%	-15.78%	8.00%	-4.58%	18.33%	7.94%	-5.09%	23.53%	4.26%	12.78%	-14.11%	39.95%	-2.37%	3.99%	9.99%	20.19%	3.42%	121.69%	-44.56%	-11.87%	12.53%	14.29%	-8.89%	20.12%	33.45%	28.83%	0.68%	36.95%	3.48%	15.38%
net income margin %	28.31%	27.22%	31.23%	28.51%	28.00%	26.44%	28.95%	31.67%	24.08%	24.26%	21.27%	20.34%	20.85%	20.60%	24.83%	24.68%	27.59%	35.72%	33.68%	27.36%	29.40%	8.24%	28.76%	28.39%	35.34%	28.79%	31.22%	27.84%	31.69%	28.00%	33.90%	-4.35%	36.91%	29.29%	26.67%	26.95%	30.90%	27.53%	22.94%	28.09%	28.37%	22.95%	18.23%	24.28%	22.49%	20.30%	9.53%	28.84%	31.42%	27.50%	30.90%	28.71%	34.08%	28.87%	28.98%	30.43%	27.40%	27.58%	26.82%	31.13%	25.15%	25.29%	25.96%	24.01%	23.03%	23.94%	14.94%	21.92%	24.41%	23.35%	Infinity%	25.95%	26.08%	21.86%	20.84%	21.00%	18.01%	19.17%	18.71%
less: net income attributable to noncontrolling interest in joint venture	4,800,000	5,800,000	5,300,000	2,300,000	5,500,000	4,600,000	2,500,000	4,500,000	4,100,000	5,200,000	5,500,000	11,800,000	700,000	5,800,000	3,800,000	2,100,000	6,700,000	5,800,000	8,900,000	-1,600,000	2,900,000	2,200,000	2,700,000	5,000,000	1,900,000
net income attributable to intuitive surgical, inc.	704,400,000	658,400,000	698,400,000	685,700,000	565,100,000	526,900,000	544,900,000	606,200,000	415,700,000	420,800,000	355,300,000	324,900,000	324,000,000	307,800,000	365,600,000	380,600,000	380,500,000	517,200,000	426,300,000	365,200,000	313,900,000	68,000,000	313,500,000	357,700,000	396,800,000	318,300,000	306,500,000	292,500,000	292,500,000	255,300,000	287,600,000
net income per share
basic	1.98	1.84	1.95	1.93	1.59	1.48	1.54	1.72	1.18	1.2	1.01	0.93	0.91	0.86	1.02	1.07	1.07	4.36	3.61	3.11	2.68	0.58	2.69	3.09	3.44	2.76	2.67	2.55	2.57	2.25	2.55	-0.35	2.66	5.99	4.82	5.29	5.45	4.82	3.62	5.09	4.49	3.64	2.64	4.02	3.43	2.82	1.16	4.37	4.06	3.99	4.69	4.4	4.59	3.88	3,630,000				2,660,000				2,200,000								1.16				0.64	1,958.68	0.47	0.45	0.4
diluted	1.95	1.81	1.92	1.89	1.56	1.46	1.51	1.69	1.16	1.18	1	0.91	0.9	0.85	1	1.03	1.04	4.25	3.51	3.02	2.6	0.57	2.62	2.98	3.33	2.67	2.56	2.45	2.45	2.15	2.44	-0.36	2.55	5.77	4.67	5.16	5.31	4.71	3.54	4.99	4.4	3.56	2.57	3.93	3.35	2.77	1.13	4.27	3.99	3.9	4.56	4.26	4.46	3.75	3,500,000				2,590,000				2,120,000								1.12				0.62	1,888.73	0.45	0.44	0.38
shares used in computing net income per share attributable to intuitive surgical, inc.:
basic	356.6	358.5	357.5	0.4	355.8	355	353.5	0.2	351.7	350.9	350.2	-1.5	355.3	358.1	358.4	0.5	356.8	118.6	118.1	0.2	117.3	116.8	116.4	0.1	115.4	115.4	115	0.3	114	113.5	112.8	0.1	111.8	37	37.3	0.1	38.7	38.3	37.7	0.1	37.3	36.9	36.7	-0.2	36.1	36.9	38.3	-0.4	38.6	39.9	40.3		39.9	39.9	39,500,000		39.1	39.2	39,100,000	39,199,960.8	39.4	39.3	38,800,000	38,259,713	38,083	37,897	38,883	38,838,210	39,015	38,773	38,582	37,793,347	38,033	37,636	37,289	36,700,354	36,875	36,684	36,379
diluted	361.8	364.1	364.6	0.6	362.7	361	360.5	0.3	358.2	357.3	356	-1.7	360.5	363.9	366.7	0.7	366.8	121.6	121.3	0.3	120.6	119.7	119.8	0.1	119.3	119.3	119.6	0.2	119.2	118.5	118	0.4	116.8	38.4	38.5	0.1	39.7	39.2	38.5	0.1	38	37.8	37.7	-0.2	36.9	37.6	39.1	-0.4	39.3	40.8	41.4		41.1	41.3	41,000,000		40.1	40.3	40,200,000	40,299,959.6	40.5	40.5	40,200,000	39,165,954	39,245	38,557	39,336	39,903,022	40,108	39,980	39,847	38,982,224	39,271	38,657	38,398	38,054,956	38,184	38,124	37,824
other comprehensive income, net of tax:
unrealized gains on hedge instruments	12.5	-15.3	-10.4	-1.275	-15.5	4.8	5.6	3.2	4.3	6	2.5
unrealized gains on available-for-sale securities	5.2	7.4	29.1	15.2	59.5	5.5	-4.2	19.075	25.6	13.1	37.6
foreign currency translation gains	5.9	38.1	5.5	-7.6	-6.9	-25.3	1.8	3.975	-6.8	8.5	14.2
employee benefit plan adjustments	0.1	0.2	0.1
other comprehensive income	23.7	30.4	24.3	6.25	36.9	-15	3.1	26.25	23.1	27.6	54.3
total comprehensive income	732.9	694.6	728	418.625	607.5	516.5	550.5	327.9	442.9	453.6	415.1	210.55	279.8	279.1	283.3	331.35	382.1	521.4	421.9													174.625	298.1	219.7	180.7	136.35	205.7	192.5	147.2	100.3	171	129.3	100.9	67.825	124.5	100.8	46	124.625	159.3	148.9	190.4	121.65	185.5	157	144,100,000
less: comprehensive income attributable to noncontrolling interest	5	6.1	5.4	3.125	6	4.4	2.1	3.45	3.9	4.1	5.8	2.05	-0.8	4.8	4.2	5.25	6.6	5.3	9.1
total comprehensive income attributable to intuitive surgical, inc.	727.9	688.5	722.6	415.5	601.5	512.1	548.4	324.45	439	449.5	409.3	208.5	280.6	274.3	279.1	351.1	375.5	516.1	412.8	373.9	307.8	81.4	310	352.3	398.5	335.1	319.1	295.9	292.2	257	285
selling, general and administrative			563,400,000	612,600,000	510,600,000	525,300,000	491,500,000	567,100,000	452,000,000	464,300,000	480,500,000	494,300,000	436,100,000	418,400,000	391,100,000	427,000,000	363,300,000	350,200,000	326,000,000	330,200,000	298,900,000	279,100,000	308,100,000	341,800,000	284,000,000	279,200,000	273,400,000	283,800,000	221,400,000	259,800,000	221,600,000	219,200,000	204,800,000	185,800,000	201,100,000	193,700,000	168,000,000	170,800,000	172,800,000	160,300,000	154,900,000	163,300,000	162,000,000	160,000,000	154,000,000	161,200,000	215,800,000	147,700,000	139,300,000	145,500,000	141,500,000
income tax benefit			-35,200,000																				-8,100,000
prior service cost for employee benefit plans				-0.075	-0.2		-0.1
other comprehensive loss, net of tax:
change in unrealized gains on hedge instruments												1.925	2.3	4.4	1
change in unrealized losses on available-for-sale securities												-40.35	-37.3	-33.4	-90.7
change in foreign currency translation losses												-3	-10
change in prior service cost for employee benefit plans												0.05	0.1		0.1
other comprehensive loss												-41.375	-44.9	-34.5	-86.1
change in foreign currency translation gains														-5.5	3.5
less: net loss attributable to noncontrolling interest in joint venture																										-1,900,000	-2,500,000	-1,200,000	-700,000
less: net loss attributable to noncontrolling interest																														-700,000	-300,000
shares used in computing net income per share:
basic	356.6	358.5	357.5	0.4	355.8	355	353.5	0.2	351.7	350.9	350.2	-1.5	355.3	358.1	358.4	0.5	356.8	118.6	118.1	0.2	117.3	116.8	116.4	0.1	115.4	115.4	115	0.3	114	113.5	112.8	0.1	111.8	37	37.3	0.1	38.7	38.3	37.7	0.1	37.3	36.9	36.7	-0.2	36.1	36.9	38.3	-0.4	38.6	39.9	40.3		39.9	39.9	39,500,000		39.1	39.2	39,100,000	39,199,960.8	39.4	39.3	38,800,000	38,259,713	38,083	37,897	38,883	38,838,210	39,015	38,773	38,582	37,793,347	38,033	37,636	37,289	36,700,354	36,875	36,684	36,379
diluted	361.8	364.1	364.6	0.6	362.7	361	360.5	0.3	358.2	357.3	356	-1.7	360.5	363.9	366.7	0.7	366.8	121.6	121.3	0.3	120.6	119.7	119.8	0.1	119.3	119.3	119.6	0.2	119.2	118.5	118	0.4	116.8	38.4	38.5	0.1	39.7	39.2	38.5	0.1	38	37.8	37.7	-0.2	36.9	37.6	39.1	-0.4	39.3	40.8	41.4		41.1	41.3	41,000,000		40.1	40.3	40,200,000	40,299,959.6	40.5	40.5	40,200,000	39,165,954	39,245	38,557	39,336	39,903,022	40,108	39,980	39,847	38,982,224	39,271	38,657	38,398	38,054,956	38,184	38,124	37,824
shares used in computing basic and diluted net income per share:
basic	356.6	358.5	357.5	0.4	355.8	355	353.5	0.2	351.7	350.9	350.2	-1.5	355.3	358.1	358.4	0.5	356.8	118.6	118.1	0.2	117.3	116.8	116.4	0.1	115.4	115.4	115	0.3	114	113.5	112.8	0.1	111.8	37	37.3	0.1	38.7	38.3	37.7	0.1	37.3	36.9	36.7	-0.2	36.1	36.9	38.3	-0.4	38.6	39.9	40.3		39.9	39.9	39,500,000		39.1	39.2	39,100,000	39,199,960.8	39.4	39.3	38,800,000	38,259,713	38,083	37,897	38,883	38,838,210	39,015	38,773	38,582	37,793,347	38,033	37,636	37,289	36,700,354	36,875	36,684	36,379
diluted	361.8	364.1	364.6	0.6	362.7	361	360.5	0.3	358.2	357.3	356	-1.7	360.5	363.9	366.7	0.7	366.8	121.6	121.3	0.3	120.6	119.7	119.8	0.1	119.3	119.3	119.6	0.2	119.2	118.5	118	0.4	116.8	38.4	38.5	0.1	39.7	39.2	38.5	0.1	38	37.8	37.7	-0.2	36.9	37.6	39.1	-0.4	39.3	40.8	41.4		41.1	41.3	41,000,000		40.1	40.3	40,200,000	40,299,959.6	40.5	40.5	40,200,000	39,165,954	39,245	38,557	39,336	39,903,022	40,108	39,980	39,847	38,982,224	39,271	38,657	38,398	38,054,956	38,184	38,124	37,824
net income per common share:
basic	1.98	1.84	1.95	1.93	1.59	1.48	1.54	1.72	1.18	1.2	1.01	0.93	0.91	0.86	1.02	1.07	1.07	4.36	3.61	3.11	2.68	0.58	2.69	3.09	3.44	2.76	2.67	2.55	2.57	2.25	2.55	-0.35	2.66	5.99	4.82	5.29	5.45	4.82	3.62	5.09	4.49	3.64	2.64	4.02	3.43	2.82	1.16	4.37	4.06	3.99	4.69	4.4	4.59	3.88	3,630,000				2,660,000				2,200,000								1.16				0.64	1,958.68	0.47	0.45	0.4
diluted	1.95	1.81	1.92	1.89	1.56	1.46	1.51	1.69	1.16	1.18	1	0.91	0.9	0.85	1	1.03	1.04	4.25	3.51	3.02	2.6	0.57	2.62	2.98	3.33	2.67	2.56	2.45	2.45	2.15	2.44	-0.36	2.55	5.77	4.67	5.16	5.31	4.71	3.54	4.99	4.4	3.56	2.57	3.93	3.35	2.77	1.13	4.27	3.99	3.9	4.56	4.26	4.46	3.75	3,500,000				2,590,000				2,120,000								1.12				0.62	1,888.73	0.45	0.44	0.38
shares used in computing net income per common share:
basic	356.6	358.5	357.5	0.4	355.8	355	353.5	0.2	351.7	350.9	350.2	-1.5	355.3	358.1	358.4	0.5	356.8	118.6	118.1	0.2	117.3	116.8	116.4	0.1	115.4	115.4	115	0.3	114	113.5	112.8	0.1	111.8	37	37.3	0.1	38.7	38.3	37.7	0.1	37.3	36.9	36.7	-0.2	36.1	36.9	38.3	-0.4	38.6	39.9	40.3		39.9	39.9	39,500,000		39.1	39.2	39,100,000	39,199,960.8	39.4	39.3	38,800,000	38,259,713	38,083	37,897	38,883	38,838,210	39,015	38,773	38,582	37,793,347	38,033	37,636	37,289	36,700,354	36,875	36,684	36,379
diluted	361.8	364.1	364.6	0.6	362.7	361	360.5	0.3	358.2	357.3	356	-1.7	360.5	363.9	366.7	0.7	366.8	121.6	121.3	0.3	120.6	119.7	119.8	0.1	119.3	119.3	119.6	0.2	119.2	118.5	118	0.4	116.8	38.4	38.5	0.1	39.7	39.2	38.5	0.1	38	37.8	37.7	-0.2	36.9	37.6	39.1	-0.4	39.3	40.8	41.4		41.1	41.3	41,000,000		40.1	40.3	40,200,000	40,299,959.6	40.5	40.5	40,200,000	39,165,954	39,245	38,557	39,336	39,903,022	40,108	39,980	39,847	38,982,224	39,271	38,657	38,398	38,054,956	38,184	38,124	37,824
earnings per share:
basic																																																								2.193	3.13	2.99		1.663	2.2	2.26		1.013	1.69	1.65	0.72	0.99	1.48	1.32		0.633	1.08	0.81
diluted																																																								2.138	3.05	2.91		1.613	2.14	2.19		0.993	1.64	1.62	0.72	0.96	1.44	1.28		0.615	1.04	0.79
shares used in computing earnings per share:
basic	356.6	358.5	357.5	0.4	355.8	355	353.5	0.2	351.7	350.9	350.2	-1.5	355.3	358.1	358.4	0.5	356.8	118.6	118.1	0.2	117.3	116.8	116.4	0.1	115.4	115.4	115	0.3	114	113.5	112.8	0.1	111.8	37	37.3	0.1	38.7	38.3	37.7	0.1	37.3	36.9	36.7	-0.2	36.1	36.9	38.3	-0.4	38.6	39.9	40.3		39.9	39.9	39,500,000		39.1	39.2	39,100,000	39,199,960.8	39.4	39.3	38,800,000	38,259,713	38,083	37,897	38,883	38,838,210	39,015	38,773	38,582	37,793,347	38,033	37,636	37,289	36,700,354	36,875	36,684	36,379
diluted	361.8	364.1	364.6	0.6	362.7	361	360.5	0.3	358.2	357.3	356	-1.7	360.5	363.9	366.7	0.7	366.8	121.6	121.3	0.3	120.6	119.7	119.8	0.1	119.3	119.3	119.6	0.2	119.2	118.5	118	0.4	116.8	38.4	38.5	0.1	39.7	39.2	38.5	0.1	38	37.8	37.7	-0.2	36.9	37.6	39.1	-0.4	39.3	40.8	41.4		41.1	41.3	41,000,000		40.1	40.3	40,200,000	40,299,959.6	40.5	40.5	40,200,000	39,165,954	39,245	38,557	39,336	39,903,022	40,108	39,980	39,847	38,982,224	39,271	38,657	38,398	38,054,956	38,184	38,124	37,824
products																																																																275,224,000	236,281,000	219,346,000	149,050,000	195,327,000	202,267,000	189,780,000	160,951,000	164,702,000	135,053,000	119,885,000	96,449,000	96,287,000	81,433,000	74,211,000	65,668,000
services																																																																47,814,000	43,853,000	41,278,000	39,322,000	36,218,000	33,725,000	29,409,000	27,243,000	24,744,000	21,851,000	20,364,000	17,780,000	16,280,000	14,399,000	12,814,000	11,590,000
net revenue:
total net revenue																																																																							188,194,000
cost of net revenue:
total cost of net revenue																																																																							58,387,000
operating costs and expenses:
total operating costs and expenses																																																																							64,935,000				42,169,000	39,499,000	36,557,000	34,470,000	29,955,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2004-12-31	2003-12-31

assets
current assets:
cash and cash equivalents	2,806,600,000	3,403,100,000	2,573,800,000	2,027,400,000	2,413,300,000	3,036,700,000	2,839,500,000	2,750,100,000	3,602,000,000	3,435,400,000	2,143,000,000	1,581,200,000	1,538,000,000	1,536,100,000	1,103,100,000	1,290,900,000	1,346,700,000	1,615,500,000	1,401,800,000	1,622,600,000	1,370,600,000	2,035,600,000	1,223,800,000	1,167,600,000	969,600,000	790,300,000	875,700,000	857,900,000	1,008,300,000	1,203,500,000	974,700,000	648,200,000	875,000,000	696,500,000	708,600,000	1,036,600,000	1,021,600,000	1,193,500,000	980,500,000	714,600,000	868,200,000	915,400,000	701,100,000	600,300,000	493,000,000	507,600,000	814,000,000	782,100,000	586,800,000	432,700,000	427,500,000	553,700,000	396,200,000	484,400,000	325,900,000	465,800,000	298,200,000	382,000,000	449,800,000	279,800,000	382,000,000	420,000,000	313,600,000	221,437,000	206,095,000	173,421,000	96,605,000	194,623,000	227,614,000	223,023,000	230,808,000	122,825,000	86,393,000	65,712,000	52,755,000	34,390,000	53,445,000	31,061,000	5,216,000	5,508,000	5,771,000	11,335,000
short-term investments	2,102,200,000	1,923,400,000	1,937,500,000	1,985,900,000	1,818,400,000	1,720,500,000	1,960,600,000	2,473,100,000	2,873,700,000	2,363,800,000	2,549,200,000	2,536,700,000	2,775,900,000	2,901,300,000	2,882,500,000	2,913,100,000	2,741,500,000	2,823,700,000	3,155,700,000	3,488,800,000	3,347,600,000	2,452,700,000	2,029,600,000	2,054,100,000	1,928,000,000	1,928,100,000	1,933,000,000	2,205,200,000	2,127,600,000	1,729,000,000	1,542,600,000	1,312,400,000	1,271,800,000	1,126,900,000	756,200,000	1,518,000,000	1,193,700,000	990,300,000	827,900,000	845,200,000	871,500,000	646,100,000	661,100,000	632,200,000	521,300,000	471,000,000	745,300,000	621,400,000	626,100,000	857,500,000	930,700,000	770,700,000	745,200,000	728,100,000	645,400,000	563,400,000	612,400,000	611,900,000	640,000,000	630,600,000	598,900,000	547,900,000	429,800,000	333,998,000	306,702,000	207,241,000	243,411,000	256,746,000	180,608,000	116,614,000	156,160,000	304,642,000	282,565,000	240,174,000	221,944,000	205,353,000	148,363,000	129,457,000	160,231,000	123,679,000		101,614,000
accounts receivable	1,259,700,000	1,269,200,000	1,221,500,000	1,225,400,000	1,153,000,000	1,109,100,000	1,127,900,000	1,130,200,000	962,700,000	904,200,000	925,300,000	942,100,000	849,600,000	838,500,000	906,100,000	782,700,000	695,000,000	699,900,000	654,300,000	645,500,000	588,600,000	508,800,000	527,600,000	645,200,000	639,000,000	633,400,000	547,600,000	682,300,000	580,400,000	532,500,000	474,900,000	511,900,000	468,000,000	481,100,000	412,900,000	430,200,000	432,000,000	403,800,000	325,900,000	394,300,000	334,700,000	321,500,000	292,400,000	315,100,000	259,100,000	271,100,000	239,100,000	301,400,000	280,600,000	358,600,000	345,100,000	370,300,000	336,200,000	323,200,000	299,700,000	297,900,000	265,100,000	250,300,000	259,900,000	246,800,000	207,900,000	194,700,000	180,200,000	205,384,000	186,530,000	175,216,000	139,341,000	170,107,000	173,708,000	162,088,000	135,690,000	130,370,000	120,456,000	105,649,000	90,482,000	94,680,000	71,679,000	70,530,000	56,975,000	52,849,000	35,443,000	26,820,000
inventory	1,781,900,000	1,667,000,000	1,553,600,000	1,487,200,000	1,481,700,000	1,383,900,000	1,299,300,000	1,220,600,000	1,147,500,000	1,005,200,000	946,600,000	893,200,000	837,100,000	724,000,000	653,000,000	587,100,000	584,900,000	569,700,000	576,800,000	601,500,000	662,900,000	645,500,000	620,300,000	595,500,000	579,600,000	512,800,000	468,300,000	409,000,000	370,100,000	331,500,000	283,600,000	241,200,000	225,200,000	214,200,000	213,500,000	182,300,000	183,500,000	169,200,000	163,000,000								185,500,000	179,600,000				121,500,000	125,800,000	119,400,000	118,800,000	112,100,000	108,600,000	100,100,000	93,300,000	86,800,000	85,000,000	74,000,000	68,500,000	57,600,000	56,646,000	59,247,000	64,383,000	63,460,000	52,498,000	42,594,000	38,832,000	32,416,000	26,773,000	24,040,000	26,261,000	24,295,000	22,330,000	24,638,000	20,368,000	15,170,000	5,966,000	8,788,000
prepaids and other current assets	574,900,000	483,200,000	371,400,000	385,100,000	349,200,000	404,100,000	405,400,000	314,000,000	317,000,000	323,200,000	312,900,000	299,800,000	292,500,000	292,600,000	258,500,000	271,100,000	359,900,000	307,800,000	277,800,000	267,500,000	330,600,000	256,400,000	290,200,000	200,200,000	200,800,000	207,000,000	200,400,000	178,800,000	166,200,000	189,600,000	105,900,000	97,200,000	88,900,000	123,500,000	76,500,000	83,300,000	80,600,000	70,600,000	109,100,000	73,500,000	102,700,000	53,000,000	73,900,000	82,600,000	86,200,000	42,400,000	58,800,000	38,300,000	30,000,000	33,400,000	46,500,000	67,300,000	42,600,000	40,800,000		20,900,000
total current assets	8,525,300,000	8,745,900,000	7,657,800,000	7,111,000,000	7,215,600,000	7,654,300,000	7,632,700,000	7,888,000,000	8,902,900,000	8,031,800,000	6,877,000,000	6,253,000,000	6,293,100,000	6,292,500,000	5,803,200,000	5,844,900,000	5,728,000,000	6,016,600,000	6,066,400,000	6,625,900,000	6,300,300,000	5,899,000,000	4,691,500,000	4,662,600,000	4,317,000,000	4,071,600,000	4,025,000,000	4,333,200,000	4,252,600,000	3,986,100,000	3,381,700,000	2,810,900,000	2,928,900,000	2,642,200,000	2,167,700,000	3,250,400,000	2,911,400,000	2,827,400,000	2,406,400,000	2,195,500,000	2,398,800,000	2,163,200,000	1,959,300,000	1,847,000,000	1,591,900,000	1,533,400,000	2,077,600,000	1,932,400,000	1,733,500,000	1,861,000,000	1,894,700,000	1,892,800,000	1,653,100,000	1,703,300,000	1,436,100,000	1,466,300,000	1,311,900,000	1,365,300,000	1,483,600,000	1,275,800,000	1,301,500,000	1,264,100,000	1,019,500,000	846,628,000	781,225,000	638,058,000	564,504,000	703,890,000	651,564,000	559,540,000	582,012,000	609,591,000	538,702,000	455,500,000	407,378,000	374,451,000	319,254,000	276,202,000	267,365,000	208,655,000	176,684,000	151,948,000
property, plant, and equipment	5,150,900,000	4,985,300,000	4,799,000,000	4,646,600,000	4,433,000,000	4,116,800,000	3,799,600,000	3,537,600,000	3,077,000,000	2,830,800,000	2,580,200,000	2,374,200,000	2,243,700,000	2,109,300,000	1,968,200,000	1,876,400,000	1,737,900,000	1,651,200,000	1,592,900,000	1,577,300,000	1,509,700,000	1,450,300,000	1,369,200,000	1,272,900,000	1,136,800,000	1,032,400,000	935,400,000	812,000,000	746,400,000	688,800,000	661,900,000	613,100,000
long-term investments	3,523,700,000	4,206,000,000	4,589,900,000	4,819,100,000	4,079,800,000	2,925,900,000	2,522,600,000	2,120,000,000	1,044,900,000	1,332,500,000	1,886,400,000	2,623,600,000	3,078,100,000	3,738,000,000	4,416,200,000	4,415,500,000	4,131,500,000	3,295,600,000	2,673,000,000	1,757,700,000	1,643,200,000	1,586,500,000	2,642,700,000	2,623,500,000	2,533,000,000	2,429,800,000	2,255,900,000	1,771,300,000	1,434,600,000	1,327,100,000	1,550,900,000	1,885,900,000	1,655,200,000	1,599,900,000	1,682,000,000	2,283,300,000	2,346,000,000	2,041,100,000	1,992,700,000	1,788,000,000	1,385,500,000	1,307,100,000	1,304,800,000	1,264,500,000	1,248,400,000	1,064,800,000	1,404,300,000	1,350,400,000	1,319,400,000	1,737,000,000	1,757,800,000	1,596,100,000	1,559,700,000	1,418,700,000	1,399,700,000	1,142,600,000	976,700,000	828,100,000	667,200,000	698,500,000	639,700,000	620,300,000	652,100,000	616,545,000	511,187,000	521,399,000	481,667,000	450,504,000	413,209,000	400,145,000	312,686,000	207,914,000	164,531,000	141,626,000	110,127,000	90,553,000	90,489,000	83,257,000	56,044,000	73,552,000
deferred tax assets	978,900,000	1,070,300,000	1,038,600,000	1,045,100,000	997,000,000	946,900,000	917,800,000	910,500,000	701,400,000	666,500,000	644,700,000	664,600,000	587,400,000	515,900,000	485,400,000	441,400,000	411,500,000	394,400,000	336,600,000	367,700,000	360,300,000	365,500,000	364,700,000	425,600,000	424,100,000	369,100,000	392,400,000	428,600,000	411,500,000	415,400,000	426,800,000	87,300,000	119,800,000	115,100,000		150,900,000					27,700,000	25,900,000	28,400,000	35,100,000	33,400,000	38,900,000	34,900,000	9,600,000	9,900,000	9,500,000	9,400,000	9,300,000	7,100,000	7,400,000	6,400,000	6,200,000	4,800,000	4,000,000	8,400,000	8,500,000	7,400,000	7,200,000	7,300,000	7,339,000	9,041,000	9,299,000	9,643,000	9,458,000	5,851,000	5,852,000	5,852,000	5,852,000	8,597,000	8,597,000	8,511,000	9,405,000	14,883,000	12,292,000	17,188,000	4,999,000
intangible and other assets	824,900,000	807,000,000	787,600,000	773,900,000	669,700,000	658,000,000	607,100,000	636,700,000	638,400,000	693,100,000	716,300,000	710,100,000	710,300,000	700,400,000	662,200,000	633,200,000	581,400,000	594,900,000	527,000,000	503,600,000	467,700,000	465,500,000	488,000,000	441,400,000	415,700,000	383,800,000	378,700,000	261,000,000	237,400,000	221,300,000	203,800,000	159,700,000	154,800,000	152,400,000	140,200,000	142,800,000	135,800,000	144,300,000	131,500,000	122,800,000	130,000,000	125,600,000	120,300,000	126,300,000	134,600,000	138,000,000	112,400,000	94,100,000	91,300,000	92,100,000	99,800,000	103,400,000	69,800,000	75,300,000	81,400,000	71,000,000	75,400,000	68,100,000	72,500,000
goodwill	348,100,000	348,700,000	347,500,000	347,500,000	348,300,000	348,000,000	348,200,000	348,700,000	348,100,000	348,600,000	348,600,000	348,500,000	348,200,000	349,100,000	343,200,000	343,600,000	344,300,000	344,300,000	344,500,000	336,700,000	336,300,000	336,800,000	335,000,000	307,200,000	304,700,000	244,900,000	247,500,000	240,600,000	236,100,000	210,900,000	201,100,000	201,100,000	201,100,000	201,100,000	201,100,000	201,100,000	201,100,000	201,100,000	201,100,000	201,100,000	201,100,000	201,100,000	198,000,000	198,000,000	198,000,000	198,000,000	147,500,000	137,400,000	137,400,000	137,400,000	138,000,000	138,100,000	138,100,000	138,100,000	138,100,000	116,900,000	116,900,000	116,900,000	116,900,000	116,900,000	116,900,000	110,700,000	110,700,000	110,740,000	110,740,000	110,740,000	110,740,000	110,740,000	110,740,000	110,740,000	110,740,000	110,740,000	112,170,000	118,207,000	118,207,000	118,240,000	122,453,000	124,035,000	124,638,000	124,638,000	143,332,000	143,106,000
total assets	19,351,800,000	20,163,200,000	19,220,400,000	18,743,200,000	17,743,400,000	16,649,900,000	15,828,000,000	15,441,500,000	14,712,700,000	13,903,300,000	13,053,200,000	12,974,000,000	13,260,800,000	13,705,200,000	13,678,400,000	13,555,000,000	12,934,600,000	12,297,000,000	11,540,400,000	11,168,900,000	10,617,500,000	10,103,600,000	9,891,100,000	9,733,200,000	9,131,300,000	8,531,600,000	8,234,900,000	7,846,700,000	7,318,600,000	6,849,600,000	6,426,200,000	5,758,000,000	5,644,600,000	5,250,800,000	4,808,000,000	6,486,900,000	6,174,700,000	5,780,800,000	5,306,300,000	4,907,300,000	4,682,300,000	4,354,500,000	4,126,200,000	3,959,400,000	3,651,500,000	3,404,600,000	4,194,200,000	3,950,300,000	3,697,400,000	4,201,300,000	4,235,800,000	4,059,200,000	3,732,200,000	3,626,100,000	3,332,900,000	3,063,100,000	2,746,000,000	2,649,900,000	2,568,300,000	2,390,400,000	2,351,800,000	2,243,100,000	2,016,600,000	1,809,716,000	1,637,811,000	1,501,282,000	1,386,053,000	1,474,624,000	1,364,671,000	1,231,387,000	1,123,285,000	1,039,998,000	912,247,000	808,698,000	724,168,000	671,790,000	613,993,000	565,838,000	524,503,000	501,587,000	354,229,000	314,994,000
liabilities and stockholders’ equity
current liabilities:
accounts payable	291,200,000	266,800,000	276,200,000	193,400,000	218,700,000	194,400,000	194,400,000	188,700,000	196,200,000	199,700,000	164,100,000	147,000,000	164,200,000	149,700,000	128,100,000	121,200,000	120,000,000	117,900,000	103,100,000	81,600,000	116,000,000	108,900,000	133,400,000	123,500,000	132,400,000	129,600,000	130,600,000	100,700,000	96,400,000	102,200,000	96,300,000	82,500,000	80,400,000	74,200,000	74,000,000	68,500,000	60,600,000	64,800,000	57,900,000	52,600,000	58,000,000	64,700,000	67,900,000	61,600,000	53,600,000	58,900,000	57,000,000	46,200,000	62,000,000	67,200,000	67,900,000	57,600,000	56,100,000	54,600,000	49,800,000	45,800,000	43,200,000	37,500,000	43,200,000	35,600,000	35,700,000	41,600,000	34,400,000	27,594,000	24,968,000	26,555,000	21,209,000	20,501,000	26,159,000	20,018,000	24,042,000	29,791,000	22,260,000	16,214,000	14,165,000	11,092,000	10,187,000	5,769,000	9,144,000	7,950,000	4,485,000	12,455,000
accrued compensation and employee benefits	455,500,000	420,800,000	309,700,000	535,600,000	377,500,000	321,300,000	238,400,000	436,400,000	374,800,000	346,600,000	260,900,000	401,600,000	308,200,000	278,600,000	219,800,000	350,100,000	265,300,000	254,000,000	194,800,000	235,000,000	175,200,000	168,700,000	156,500,000	251,600,000	187,400,000	160,500,000	125,100,000	193,800,000	146,100,000	128,000,000	103,600,000	167,600,000	124,700,000	111,100,000	85,900,000	136,400,000	104,100,000	94,500,000	77,500,000	117,300,000	90,400,000	87,000,000	69,100,000	96,200,000	76,100,000	74,500,000	55,400,000	70,700,000	54,900,000	70,000,000	66,000,000	104,000,000	74,900,000	74,500,000	57,700,000	83,100,000	60,300,000	54,600,000	43,400,000	63,400,000	47,200,000	42,100,000	30,600,000	49,758,000	36,317,000	29,315,000	21,857,000	36,930,000	29,720,000	26,924,000	18,382,000	30,077,000	22,728,000	20,453,000	13,973,000	21,091,000	15,624,000	13,319,000	9,001,000	14,997,000	10,321,000	4,667,000
deferred revenue	491,100,000	499,900,000	496,300,000	468,800,000	426,000,000	433,900,000	437,500,000	446,100,000	394,800,000	405,200,000	417,800,000	397,300,000	358,900,000	376,300,000	386,000,000	377,200,000	348,500,000	360,000,000	358,100,000	350,300,000	327,800,000	343,100,000	337,400,000	337,800,000	307,600,000	306,800,000	298,400,000	294,300,000	281,000,000	272,100,000	254,600,000	284,500,000	282,500,000	288,900,000	273,300,000	240,600,000	229,600,000	228,600,000	225,300,000	225,600,000	225,000,000	216,800,000	212,000,000	216,600,000	217,800,000	225,100,000	226,500,000	200,100,000	192,600,000	196,700,000	192,100,000	185,700,000	171,800,000	168,200,000	160,500,000	154,200,000	143,700,000	134,300,000	130,300,000	126,100,000	116,800,000	107,600,000	103,300,000	99,451,000	90,697,000	88,215,000	96,861,000	77,981,000	71,465,000	64,914,000	59,248,000	53,817,000	47,624,000	42,301,000	38,975,000	36,559,000	33,523,000	30,272,000	27,654,000	25,313,000	15,372,000	11,345,000
other accrued liabilities	565,400,000	505,100,000	455,900,000	547,500,000	654,600,000	537,900,000	504,800,000	587,500,000	710,600,000	586,900,000	464,600,000	476,200,000	402,100,000	370,400,000	378,300,000	301,300,000	293,500,000	272,700,000	248,600,000	298,300,000	275,700,000	304,100,000	318,600,000	317,300,000	303,500,000	210,600,000	186,100,000	231,800,000	179,800,000	164,100,000	126,700,000	169,500,000	128,100,000	125,600,000	125,000,000	151,000,000	133,800,000	101,600,000	92,200,000	96,400,000	105,200,000	105,900,000	107,900,000	126,800,000	133,000,000	137,400,000	120,600,000	63,900,000	57,800,000	57,000,000	51,600,000	54,300,000	62,100,000	49,500,000	45,600,000	37,500,000	36,900,000	47,600,000	35,400,000	48,700,000	67,600,000	52,000,000	5,500,000	25,965,000	33,617,000	34,915,000	23,050,000	29,104,000	19,498,000	17,561,000	17,592,000	18,085,000	11,052,000	12,471,000	9,944,000	11,925,000	9,645,000	12,305,000	9,244,000	9,434,000	7,057,000	3,024,000
total current liabilities	1,803,200,000	1,692,600,000	1,538,100,000	1,745,300,000	1,676,800,000	1,487,500,000	1,375,100,000	1,658,700,000	1,676,400,000	1,538,400,000	1,307,400,000	1,422,100,000	1,233,400,000	1,175,000,000	1,112,200,000	1,149,800,000	1,027,300,000	1,004,600,000	904,600,000	965,200,000	894,700,000	924,800,000	945,900,000	1,030,200,000	930,900,000	807,500,000	740,200,000	820,600,000	703,300,000	666,400,000	581,200,000	704,100,000	615,700,000	599,800,000	558,200,000	596,500,000	528,100,000	489,500,000	452,900,000	491,900,000	478,600,000	474,400,000	456,900,000	501,200,000	480,500,000	495,900,000	459,500,000	380,900,000	367,300,000	390,900,000		401,600,000	364,900,000	346,800,000	313,600,000	320,600,000	284,100,000	274,000,000	252,300,000		267,300,000	243,300,000	173,800,000	202,768,000	185,599,000	179,000,000	162,977,000	164,516,000	146,842,000	129,417,000	119,264,000	131,770,000	103,664,000	91,439,000	77,057,000	80,667,000	68,979,000	61,665,000	55,043,000	57,987,000	38,385,000
other long-term liabilities	506,500,000	517,500,000	474,600,000	468,300,000	389,100,000	365,900,000	406,500,000	385,500,000	412,800,000	405,200,000	451,600,000	439,300,000	453,400,000	447,800,000	409,300,000	453,700,000	447,800,000	412,900,000	445,600,000	444,600,000	436,100,000	412,400,000	414,700,000	418,300,000	423,300,000	444,500,000	454,300,000	338,600,000	326,800,000	314,000,000	338,600,000	327,100,000	69,000,000	128,700,000	122,300,000	112,600,000	104,800,000	109,800,000	103,000,000	95,900,000	88,500,000	87,400,000	83,900,000	78,800,000	86,800,000	86,300,000	78,100,000	68,000,000	65,800,000	91,600,000	86,000,000	77,500,000	73,800,000	96,900,000	92,000,000	96,900,000			85,100,000	79,200,000
total liabilities	2,309,700,000	2,210,100,000	2,012,700,000	2,213,600,000	2,065,900,000	1,853,400,000	1,781,600,000	2,044,200,000	2,089,200,000	1,943,600,000	1,759,000,000	1,861,400,000	1,686,800,000	1,622,800,000	1,521,500,000	1,603,500,000	1,475,100,000	1,417,500,000	1,350,200,000	1,409,800,000	1,330,800,000	1,337,200,000	1,360,600,000	1,448,500,000	1,354,200,000	1,252,000,000	1,194,500,000	1,159,200,000	1,030,100,000	980,400,000	919,800,000	1,031,200,000	684,700,000	728,500,000	680,500,000	709,100,000	632,900,000	599,300,000	555,900,000	587,800,000	567,100,000	561,800,000	540,800,000	580,000,000	567,300,000	582,200,000	537,600,000	448,900,000	433,100,000	482,500,000	463,600,000	479,100,000	438,700,000	443,700,000	405,600,000	417,500,000	377,000,000	361,400,000	337,400,000	353,000,000	343,500,000	318,700,000	246,600,000	272,433,000	247,549,000	230,098,000	210,933,000	207,858,000	181,243,000	157,400,000
contingencies
stockholders’ equity:
preferred stock, 2.5 shares authorized, 0.001 par value...
common stock, 600.0 shares authorized, 0.001 par value...	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000
additional paid-in capital	10,478,800,000	10,236,800,000	9,993,700,000	9,681,300,000	9,440,200,000	9,149,700,000	8,903,000,000	8,576,400,000	8,385,900,000	8,150,800,000	7,928,400,000	7,703,900,000	7,684,800,000	7,484,000,000	7,354,600,000	7,164,000,000	7,015,100,000	6,804,400,000	6,627,300,000	6,445,200,000	6,304,300,000	6,085,100,000	5,926,800,000	5,756,800,000	5,600,900,000	5,430,100,000	5,328,800,000	5,170,300,000	5,063,200,000	4,928,800,000	4,817,100,000	4,679,200,000	4,190,400,000	4,049,800,000	3,872,200,000	4,211,800,000	4,135,000,000	3,979,200,000	3,739,500,000	3,429,800,000	3,332,200,000	3,147,800,000	3,024,300,000	2,896,800,000	2,741,800,000	2,509,600,000	2,629,100,000	2,519,900,000	2,450,700,000	2,428,000,000	2,378,500,000	2,240,100,000	2,078,900,000	1,993,000,000	1,880,400,000	1,742,800,000	1,616,800,000	1,487,400,000	1,419,600,000	1,316,900,000	1,287,500,000	1,238,000,000	1,170,800,000	1,024,273,000	954,855,000	900,712,000	868,807,000	871,846,000	847,215,000	790,215,000	744,236,000	694,597,000	655,557,000	606,652,000	568,929,000	537,943,000	516,921,000	494,576,000	476,767,000	465,021,000	430,362,000	416,559,000
retained earnings	6,424,000,000	7,605,500,000	7,139,400,000	6,803,300,000	6,129,800,000	5,581,700,000	5,067,900,000	4,743,000,000	4,209,200,000	3,807,700,000	3,397,400,000	3,500,100,000	4,017,800,000	4,682,800,000	4,858,000,000	4,760,900,000	4,390,100,000	4,022,700,000	3,514,700,000	3,261,300,000	2,937,200,000	2,633,000,000	2,570,900,000	2,494,500,000	2,142,600,000	1,819,000,000	1,696,000,000	1,521,700,000	1,234,000,000	948,100,000	698,000,000	61,400,000	776,600,000	482,300,000	263,300,000	1,574,900,000	1,402,800,000	1,193,000,000	1,009,600,000	899,200,000	785,700,000	651,300,000	562,300,000	487,700,000	341,000,000	312,200,000	1,023,700,000	979,400,000	813,200,000	1,292,900,000	1,385,600,000	1,333,400,000	1,208,800,000	1,185,800,000	1,045,400,000	901,900,000	750,700,000	798,500,000	812,000,000	718,900,000	720,100,000	685,700,000	597,000,000	511,716,000	434,164,000	369,640,000	307,252,000	397,824,000	347,066,000	289,472,000	238,290,000	193,509,000	144,356,000	103,437,000	72,774,000	51,020,000	27,379,000	10,116,000
accumulated other comprehensive income	26,500,000	3,000,000			12,900,000									-144,200,000	-110,700,000	-24,200,000	5,300,000	10,300,000	11,400,000	24,900,000	16,200,000	22,300,000	8,900,000	12,400,000	17,800,000	16,100,000																		-5,100,000	1,400,000	600,000	3,800,000	2,100,000	400,000	-2,100,000	8,100,000	6,600,000	5,800,000	3,600,000	1,500,000	900,000	1,500,000	2,600,000	-700,000	1,600,000	700,000	700,000	2,200,000	1,256,000	1,205,000	794,000		-2,943,000	-10,892,000	-5,739,000	-754,000	530,000	200,000	1,222,000	1,496,000	705,000					-392,000	878,000
total intuitive surgical, inc. stockholders’ equity	16,929,700,000	17,845,700,000	17,106,400,000	16,433,700,000	15,583,300,000	14,708,300,000	13,962,600,000	13,307,600,000	12,539,000,000	11,879,100,000	11,217,700,000	11,041,900,000	11,515,400,000	12,023,000,000	12,102,300,000	11,901,100,000	11,410,900,000	10,837,500,000	10,153,500,000	9,731,500,000	9,257,800,000	8,740,500,000	8,506,700,000	8,263,800,000	7,761,400,000	7,265,300,000	7,024,200,000	6,678,800,000	6,280,600,000	5,860,600,000	5,497,100,000	4,725,200,000	4,957,900,000
noncontrolling interest in joint venture	112,400,000	107,400,000	101,300,000	95,900,000	94,200,000	88,200,000	83,800,000	89,700,000	84,500,000	80,600,000	76,500,000	70,700,000	58,600,000	59,400,000	54,600,000	50,400,000	48,600,000	42,000,000	36,700,000	27,600,000	28,900,000	25,900,000	23,800,000	20,900,000	15,700,000	14,300,000	16,200,000	8,700,000	7,900,000			1,600,000	2,000,000
total stockholders’ equity	17,042,100,000	17,953,100,000	17,207,700,000	16,529,600,000	15,677,500,000	14,796,500,000	14,046,400,000	13,397,300,000	12,623,500,000	11,959,700,000	11,294,200,000	11,112,600,000	11,574,000,000	12,082,400,000	12,156,900,000	11,951,500,000	11,459,500,000	10,879,500,000	10,190,200,000	9,759,100,000	9,286,700,000	8,766,400,000	8,530,500,000	8,284,700,000	7,777,100,000	7,279,600,000	7,040,400,000	6,687,500,000	6,288,500,000	5,869,200,000	5,506,400,000	4,726,800,000	4,959,900,000	4,522,300,000	4,127,500,000	5,777,800,000	5,541,800,000	5,181,500,000	4,750,400,000	4,319,500,000	4,115,200,000	3,792,700,000	3,585,400,000	3,379,400,000	3,084,200,000	2,822,400,000	3,656,600,000	3,501,400,000	3,264,300,000	3,718,800,000	3,772,200,000	3,580,100,000	3,293,500,000	3,182,400,000	2,927,300,000	2,645,600,000	2,369,000,000	2,288,500,000	2,230,900,000	2,037,400,000	2,008,300,000	1,924,400,000	1,770,000,000	1,537,283,000	1,390,262,000	1,271,184,000	1,175,120,000	1,266,766,000	1,183,428,000	1,073,987,000	981,811,000	888,674,000	800,151,000	711,349,000		589,705,000	543,646,000	503,070,000		442,591,000	314,932,000	278,957,000
total liabilities and stockholders’ equity	19,351,800,000	20,163,200,000	19,220,400,000	18,743,200,000	17,743,400,000	16,649,900,000	15,828,000,000	15,441,500,000	14,712,700,000	13,903,300,000	13,053,200,000	12,974,000,000	13,260,800,000	13,705,200,000	13,678,400,000	13,555,000,000	12,934,600,000	12,297,000,000	11,540,400,000	11,168,900,000	10,617,500,000	10,103,600,000	9,891,100,000	9,733,200,000	9,131,300,000	8,531,600,000	8,234,900,000	7,846,700,000	7,318,600,000	6,849,600,000	6,426,200,000	5,758,000,000	5,644,600,000	5,250,800,000	4,808,000,000	6,486,900,000	6,174,700,000	5,780,800,000	5,306,300,000	4,907,300,000	4,682,300,000	4,354,500,000	4,126,200,000	3,959,400,000	3,651,500,000	3,404,600,000	4,194,200,000	3,950,300,000	3,697,400,000	4,201,300,000	4,235,800,000	4,059,200,000	3,732,200,000	3,626,100,000	3,332,900,000	3,063,100,000	2,746,000,000	2,649,900,000	2,568,300,000	2,390,400,000	2,351,800,000	2,243,100,000	2,016,600,000	1,809,716,000	1,637,811,000	1,501,282,000	1,386,053,000	1,474,624,000	1,364,671,000	1,231,387,000	1,123,285,000	1,039,998,000	912,247,000	808,698,000		671,790,000	613,993,000	565,838,000		501,587,000	354,229,000
accumulated other comprehensive loss			-27,100,000	-51,300,000		-23,500,000	-8,700,000	-12,200,000	-56,500,000	-79,800,000	-108,500,000	-162,500,000	-187,600,000														-700,000	-13,300,000	-16,700,000	-16,400,000	-18,100,000	-15,500,000	-9,200,000	-9,800,000	-8,000,000	-8,900,000				-9,500,000	-2,700,000	-6,400,000	-1,200,000																								-977,000										-691,000	-1,659,000	-1,547,000	-1,477,000
commitments and contingencies
common stock, 300.0 shares authorized, 0.001 par value...																		100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000
noncontrolling interest																														8,600,000	9,300,000
property, plant and equipment																																	584,800,000	540,100,000	497,400,000	458,400,000	447,300,000	440,100,000	439,000,000	432,100,000	427,300,000	408,600,000	404,700,000	387,400,000	335,400,000	326,700,000	320,800,000	309,900,000	294,200,000	267,600,000	249,900,000	241,800,000	223,400,000	216,100,000	210,100,000	197,200,000	196,000,000	194,200,000	162,600,000	159,800,000	156,600,000	144,400,000	132,900,000	125,741,000	122,865,000	122,584,000	122,571,000	117,021,000	98,081,000	94,568,000	71,905,000	68,093,000	64,153,000	62,040,000	60,278,000	59,939,000	58,739,000	58,841,000	53,861,000
common stock, 100.0 shares authorized, 0.001 par value...
long-term deferred tax assets																																			119,600,000		133,100,000	126,800,000	135,600,000	167,800,000	139,600,000	148,900,000	139,100,000		143,200,000	143,700,000	131,600,000		121,600,000	106,200,000	95,600,000		88,100,000	74,600,000	67,500,000		69,100,000	77,300,000	65,500,000		65,200,000	53,200,000	48,400,000		51,216,000	44,124,000	38,180,000		33,122,000	26,607,000	22,458,000		27,614,000	25,521,000	22,426,000		15,572,000	15,572,000	15,572,000
accumulated other comprehensive gain																																					4,000,000	9,300,000	1,300,000
inventories																																								167,900,000	194,000,000	201,300,000	202,400,000	181,700,000	198,900,000	202,400,000			200,100,000	169,300,000	135,500,000
long-term deferred tax asset																																												136,200,000				126,100,000				87,000,000				69,100,000				73,300,000				53,341,000				35,899,000				18,725,000				22,272,000				35,759,000
stockholders’ equity
total currrent liabilities																																																			377,600,000									273,800,000																						34,194,000
prepaid and other current assets																																																							39,900,000
prepaids and other assets																																																									22,800,000	17,000,000		23,300,000	20,300,000	20,300,000		20,870,000	16,211,000	13,634,000		9,496,000	11,285,000	9,369,000	14,670,000	13,486,000				6,328,000
long-term liabilities																																																									92,900,000	87,400,000			76,200,000	75,400,000	72,800,000		61,950,000	51,098,000	47,956,000						8,432,000	5,910,000	3,875,000	1,418,000
prepaid and other assets																																																											32,200,000				20,100,000				11,121,000
intangible assets																																																												66,100,000	70,600,000	49,800,000	52,400,000	56,230,000	60,111,000	63,992,000	68,076,000	56,224,000	57,582,000	39,402,000	21,985,000	23,474,000	4,525,000	4,955,000	5,384,000	5,814,000	6,243,000	6,672,000	5,737,000	5,353,000	6,221,000	8,089,000
other assets																																																													1,300,000	600,000	600,000	491,000	467,000	385,000	315,000	346,000	373,000	385,000	1,499,000	1,461,000	552,000	849,000	368,000	521,000	1,243,000	1,259,000	1,286,000	1,405,000	608,000	921,000
other liabilities																																																																68,599,000
preferred stock, 2,500 shares authorized, 0.001 par value...
common stock, 100,000 shares authorized, 0.001 par value...																																																																38,000	38,000	38,000	38,000	39,000	39,000	39,000	39,000	38,000			37,000
prepaids																																																																									13,918,000	11,328,000	7,425,000		8,554,000	8,224,000	7,387,000	6,131,000	3,032,000	3,203,000
common stock																																																																									38,000	38,000
liabilities and stockholders' equity
stockholders' equity:
total stockholders' equity																																																																											643,236,000				468,691,000
total liabilities and stockholders' equity																																																																											724,168,000				524,503,000
preferred stock, 2,500,000 shares authorized, 0.001 par value...
common stock, 100,000,000 shares authorized, 0.001 par value...																																																																												37,000	37,000	37,000		36,000	34,000	33,000
restricted cash																																																																																319,000	205,000
shares issues and outstanding as of march 31, 2006 and december 31, 2005, respectively
and 36,187,910 shares issued and outstanding as of march 31, 2006
and december 31, 2005, respectively																																																																															37,000
accumulated deficit																																																																															-6,566,000	-20,989,000	-114,936,000	-138,414,000
property and equipment																																																																																52,225,000	27,065,000	10,288,000
restructuring accrual																																																																																293,000	541,000	971,000
current portion of notes payable																																																																																	609,000	1,030,000
treasury stock																																																																																	-136,000
investments																																																																																	126,267,000
long-term portion of notes payable
deferred compensation																																																																																		-99,000
restricted cash equivalents																																																																																		188,000
warranty accrual																																																																																		702,000
long-term notes payable																																																																																		695,000
total liabilities and stockholder’s equity																																																																																		314,994,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31

operating activities:
net income	709,200,000	664,200,000	703,700,000	688,000,000	570,600,000	531,500,000	547,400,000	610,700,000	419,800,000	426,000,000	360,800,000	336,700,000	324,700,000	313,600,000	369,400,000	382,700,000	387,200,000	523,000,000	435,200,000	363,600,000	316,800,000	70,200,000	316,200,000	362,700,000	398,700,000	316,400,000	304,000,000	291,300,000	291,800,000	254,600,000	287,300,000	-38,800,000	297,500,000	221,500,000	179,800,000	204,000,000	211,000,000	184,500,000	136,400,000	190,000,000	167,300,000	134,500,000	97,000,000	146,800,000	123,700,000	104,000,000	44,300,000	166,200,000	156,800,000	159,100,000	188,900,000	174,900,000	183,300,000	154,900,000	143,500,000		122,400,000	117,400,000	104,100,000	121,200,000	86,600,000	88,700,000	85,300,000	77,552,000	64,524,000	62,388,000	28,142,000	50,758,000	57,594,000	51,182,000	44,781,000	49,153,000	40,919,000	30,663,000	23,802,000	23,641,000	17,263,000	16,682,000	14,458,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and loss on disposal of property, plant, and equipment	156,700,000	152,100,000	137,500,000	121,600,000	112,700,000	106,800,000	104,200,000	118,100,000	103,500,000	92,300,000	87,700,000	98,600,000	81,900,000	79,800,000	77,700,000	74,300,000	75,700,000	68,000,000	64,800,000	67,300,000	56,600,000	51,400,000	51,100,000	52,000,000	40,200,000	36,200,000	31,600,000	31,800,000	27,000,000	26,100,000	23,700,000	24,800,000	21,800,000	20,600,000	19,000,000	19,900,000	18,000,000	17,700,000	18,300,000
amortization of intangible assets	3,300,000	3,200,000	3,400,000	3,100,000	3,500,000	5,000,000	5,100,000	5,100,000	5,100,000	5,000,000	5,000,000	7,600,000	7,900,000	6,200,000	6,100,000	6,600,000	6,300,000	7,600,000	6,900,000	12,500,000	12,600,000	12,400,000	12,300,000	11,800,000	10,700,000	10,500,000	10,000,000	4,500,000	4,000,000	3,100,000	2,600,000	2,800,000	3,100,000	3,300,000	3,700,000	4,200,000	4,300,000	4,600,000	5,100,000	5,800,000	6,200,000	6,200,000	6,200,000	6,500,000	6,500,000	4,700,000	4,700,000	4,700,000	5,300,000	5,700,000	5,600,000	5,900,000	5,200,000	6,200,000	5,800,000		4,400,000	4,300,000	4,400,000	4,500,000	4,300,000	4,000,000	3,900,000	3,881,000	3,880,000	4,085,000	3,772,000	3,559,000	2,817,000	2,586,000	1,489,000	726,000	431,000	430,000	429,000	430,000	429,000	363,000	518,000
gain on investments, accretion of discounts, and amortization of premiums on investments	-14,900,000	-9,700,000	-17,700,000
deferred income taxes	88,000,000	-29,500,000	100,000	-30,800,000	-64,700,000	-32,600,000	-7,200,000	-219,800,000	-43,300,000	-27,000,000	9,300,000	-83,300,000	-61,900,000	-25,700,000	-14,400,000	-22,000,000	-16,600,000	-68,700,000	44,700,000	-14,300,000	19,400,000	-12,000,000	64,500,000	300,000	-61,000,000	19,800,000	32,900,000	-20,400,000	3,600,000	11,300,000	37,400,000	34,100,000	-5,000,000	4,100,000	29,700,000	-13,000,000	-4,100,000	6,900,000	28,900,000	1,800,000	7,500,000	-6,800,000	2,100,000	5,200,000	6,800,000	-13,800,000	-33,200,000	-4,700,000	-18,100,000	-6,200,000	-9,500,000	-1,500,000	-13,200,000	-4,700,000	-1,400,000		7,400,000	-7,400,000	8,200,000	-9,700,000	-12,200,000	-4,600,000	5,000,000	-137,000	-7,091,000	-5,948,000	-2,469,000	-6,380,000	-6,515,000	-4,981,000	-2,619,000	9,257,000	-1,437,000	-3,186,000	-721,000	-1,223,000	-2,591,000	4,895,000	7,999,000
share-based compensation expense	203,500,000	196,200,000	185,200,000	177,000,000	172,900,000	173,600,000	153,300,000	150,400,000	156,100,000	146,500,000	139,800,000	127,600,000	138,100,000	126,700,000	120,800,000	117,800,000	120,100,000	108,100,000	103,200,000	103,100,000	105,800,000	95,900,000	90,600,000	89,200,000	88,900,000	81,600,000	76,100,000	70,400,000	70,000,000	63,300,000	57,500,000	55,600,000	55,700,000	50,400,000	47,400,000	45,500,000	46,800,000	42,600,000	42,700,000	41,300,000	44,200,000	41,300,000	41,100,000	41,100,000	45,100,000	41,900,000	40,800,000	41,600,000	50,400,000						34,400,000		34,900,000	34,800,000	32,100,000		30,400,000	30,300,000	26,800,000		24,597,000	24,649,000	22,733,000		20,965,000	19,718,000	14,564,000		8,726,000	9,351,000	8,105,000				5,064,000
amortization of contract acquisition assets	9,600,000	9,100,000	8,700,000	10,700,000	9,400,000	9,100,000	8,500,000	10,400,000	7,700,000	7,500,000	7,400,000	5,900,000	7,100,000	7,000,000	6,600,000	6,500,000	5,500,000	5,100,000	4,900,000	4,700,000	4,200,000	4,100,000	4,100,000	3,900,000
changes in operating assets and liabilities, net of effects of acquisitions:
accounts receivable	9,900,000	-47,700,000	3,600,000	-74,100,000	-42,800,000	18,800,000	2,200,000	-166,600,000	-59,000,000	22,400,000	16,900,000	-92,100,000	-11,200,000	67,400,000	-123,400,000	-87,600,000	4,900,000	-45,300,000	-14,300,000	-51,500,000	-79,700,000	18,700,000	118,200,000	-11,800,000	1,700,000	-85,700,000	134,600,000	-96,100,000	-47,900,000	-50,300,000	33,000,000	-43,900,000	13,100,000	-68,200,000	17,300,000	1,800,000	-28,300,000	-77,800,000	68,400,000	-59,500,000	-13,300,000	-29,100,000	22,700,000	-56,100,000	12,100,000	-32,100,000	62,400,000	-20,800,000	78,000,000	-13,600,000	25,300,000	-34,100,000	-12,900,000	-23,500,000	1,600,000	-32,900,000	-14,700,000	9,600,000	-13,100,000	-39,100,000	-13,100,000	-14,500,000	25,200,000	-18,855,000	-11,312,000	-35,875,000	30,767,000	3,600,000	-11,627,000	-26,399,000	-5,314,000	-10,103,000	-14,617,000	-15,167,000	4,200,000	-23,003,000	-1,140,000	-13,653,000	-4,057,000
inventory	-316,200,000	-283,100,000	-211,100,000	-179,100,000	-261,500,000	-209,800,000	-179,600,000	-184,300,000	-239,600,000	-161,500,000	-127,100,000	-127,500,000	-173,600,000	-125,400,000	-120,100,000	-66,800,000	-96,800,000	-51,200,000	-41,200,000	6,900,000	-56,900,000	-54,900,000	-65,200,000	-67,100,000	-115,400,000	-84,000,000	-94,000,000	-73,200,000	-71,900,000	-67,700,000	-66,200,000	-32,800,000	-24,400,000	-19,300,000	-39,000,000	-5,900,000	-21,300,000	-11,700,000	-7,800,000													4,300,000	-6,400,000	-500,000	-4,500,000		-8,500,000	-6,800,000	-6,500,000	-1,800,000	-11,000,000	-5,500,000	-10,900,000	-954,000	2,602,000	5,135,000	-923,000	-10,962,000	-9,904,000	-3,761,000	-6,437,000	-5,769,000	-2,734,000	2,221,000	-1,931,000	-1,965,000	2,300,000	-4,252,000	-5,103,000
prepaids and other assets	-107,100,000	-134,000,000	-7,800,000	-152,200,000	32,100,000	-107,600,000	-4,100,000	-13,300,000	51,300,000	13,500,000	-27,300,000	-32,400,000	-6,700,000	-68,400,000	-21,700,000	11,800,000	-39,700,000	-103,800,000	-73,200,000	7,000,000	-23,300,000	36,400,000	-131,900,000	-21,800,000	-5,900,000	-26,500,000	-62,700,000	11,600,000	13,100,000	-81,800,000	-20,600,000	-14,900,000	32,700,000	-48,000,000	1,700,000	-9,700,000	-4,500,000	35,400,000	-49,900,000	30,600,000	-59,300,000	9,000,000	9,200,000	1,800,000	-49,600,000	5,300,000	-25,100,000	-14,700,000	-6,400,000	-2,400,000	18,500,000	-31,600,000	-1,100,000	-1,000,000	-3,400,000	-1,800,000	-4,500,000	15,200,000	-18,300,000	1,400,000	-1,100,000	-1,200,000	2,000,000	609,000	-2,969,000	-2,529,000	-1,427,000	1,786,000	-2,236,000	5,331,000	-915,000	884,000	-2,445,000	-4,165,000	-1,045,000	2,064,000	-311,000	-800,000	-1,115,000
accounts payable	24,600,000	-10,700,000	83,100,000	-21,600,000	22,800,000	5,900,000	-7,500,000	14,000,000	-8,800,000	19,600,000	16,900,000	-5,000,000	13,900,000	14,300,000	-1,900,000	200,000	-2,400,000	14,500,000	23,700,000	-28,400,000	-300,000	-25,500,000	21,900,000	-12,400,000	3,000,000	-1,300,000	23,000,000	3,300,000	-900,000	5,900,000	8,400,000	2,100,000	6,200,000	200,000	5,500,000	9,500,000	-6,600,000	7,700,000	5,300,000	-2,900,000	-7,000,000	-4,100,000	2,700,000	9,500,000	-5,900,000	3,800,000	10,300,000	-13,300,000	-5,300,000	-600,000	10,300,000	1,500,000	1,500,000	4,900,000	500,000		5,700,000	-5,700,000	7,500,000	-100,000	-6,100,000	7,300,000	7,000,000	2,657,000	-1,643,000	5,242,000	784,000	-5,634,000	6,223,000	-4,023,000	-5,805,000	7,518,000	6,019,000	1,937,000	3,172,000	890,000	4,416,000	-3,386,000	1,187,000
accrued compensation and employee benefits	34,700,000	111,100,000	-226,000,000	158,200,000	56,200,000	156,100,000	-271,200,000	61,600,000	28,200,000	85,600,000	-140,600,000	93,400,000	29,600,000	58,800,000	-130,300,000	84,800,000	11,300,000	59,200,000	-40,200,000	59,800,000	6,600,000	12,200,000	-95,200,000	64,200,000	26,500,000	35,400,000	-68,700,000	47,700,000	18,100,000	24,400,000	-64,000,000	42,500,000	13,600,000	25,400,000	-50,300,000	31,600,000	9,700,000	17,100,000	-39,700,000	26,600,000	3,500,000	18,000,000	-26,600,000	18,600,000	1,600,000	19,200,000	-18,000,000	15,800,000	-15,100,000	4,000,000	-38,000,000	29,100,000	300,000	16,800,000	-25,200,000			11,200,000	-20,200,000			11,600,000	-19,100,000			7,340,000	-14,962,000			8,542,000	-11,843,000			6,502,000	-7,131,000			4,286,000	-6,011,000
deferred revenue	-1,200,000	11,800,000	37,000,000	37,300,000	8,200,000	-10,300,000	-4,000,000	54,400,000	-13,200,000	-12,000,000	24,200,000	42,700,000	-18,100,000	-14,500,000	11,400,000	30,300,000	-8,300,000	3,800,000	6,800,000	24,200,000	-13,300,000	3,300,000	800,000	29,700,000	-2,900,000	9,200,000	-500,000	19,600,000	4,900,000	18,400,000	11,400,000	7,700,000	-2,900,000	11,300,000	36,700,000	14,000,000	2,100,000	3,500,000	300,000	600,000	5,500,000	6,600,000	-4,500,000									14,200,000	3,400,000	7,500,000	5,400,000		9,200,000	3,800,000	4,700,000	9,300,000	8,900,000	4,500,000	3,800,000	8,891,000	2,134,000	-8,761,000	19,051,000	6,450,000	6,748,000	5,921,000	5,440,000	6,122,000	5,177,000	3,419,000	2,588,000	3,269,000	3,341,000	2,978,000	2,286,000
other liabilities	40,900,000	82,400,000	-118,100,000	90,700,000	99,400,000	-6,000,000	-75,800,000	-205,000,000	140,300,000	38,300,000	-6,500,000	60,100,000	41,900,000	-900,000	20,600,000	16,400,000	52,000,000	14,100,000	-31,100,000	63,500,000	-12,100,000	20,300,000	-34,800,000	51,400,000	13,500,000	1,700,000	-54,700,000	46,300,000	6,900,000	21,600,000	-37,700,000	288,400,000	-62,900,000	9,900,000	-16,100,000	14,000,000	25,500,000	14,600,000	-300,000	6,200,000	2,800,000	-3,800,000	-15,700,000	-34,000,000	-4,700,000	19,800,000	82,300,000		-26,100,000	20,500,000	15,000,000
net cash from operating activities	841,000,000	715,400,000	581,600,000	822,600,000	706,500,000	620,500,000	265,400,000	228,300,000	548,400,000	665,700,000	371,400,000	437,900,000	383,200,000	446,700,000	223,000,000	567,700,000	501,400,000	542,700,000	477,600,000	627,500,000	274,600,000	229,900,000	352,800,000	552,700,000	396,300,000	316,000,000	333,200,000	338,100,000	319,800,000	231,500,000	280,200,000	332,000,000	353,900,000	216,500,000	241,500,000	325,100,000	259,600,000	249,700,000	208,500,000	283,400,000	179,700,000	185,100,000	123,700,000	194,200,000	150,600,000	154,000,000	166,300,000	229,100,000	203,800,000	189,100,000	258,000,000	217,200,000	214,000,000	216,500,000	166,500,000		151,600,000	196,000,000	100,300,000	123,900,000	113,000,000	175,500,000	115,600,000	115,637,000	96,305,000	82,989,000	90,124,000	102,240,000	71,810,000	64,801,000	39,384,000	83,012,000	48,954,000	40,352,000	33,369,000	27,926,000	36,078,000	19,725,000	16,116,000
capital expenditures	-105,400,000	-155,300,000	-116,600,000	-312,000,000	-247,900,000	-309,400,000	-241,900,000	-435,500,000	-256,300,000	-178,300,000	-194,100,000	0	-169,100,000	-130,500,000	-95,100,000	-150,900,000	-68,300,000	-75,700,000	-58,600,000	-61,900,000	-64,400,000	-110,000,000	-105,200,000	-142,000,000	-86,700,000	-82,100,000	-114,800,000	0	-47,000,000	-44,800,000	-40,100,000	-31,000,000	-51,400,000	0	-53,000,000	0	-15,100,000	-11,400,000	-9,600,000	0	-28,500,000	0	-19,200,000	0	-13,800,000	0	-20,600,000	-28,900,000	-34,000,000	-25,000,000	-16,700,000	-88,700,000	0	-13,800,000	-49,800,000		-14,500,000	-38,500,000	-14,700,000	-9,400,000	-50,100,000	-20,300,000	-16,200,000	-7,722,000	-5,360,000	-12,854,000	-27,480,000	0	0	0	-6,949,000	-8,084,000	-5,069,000	-4,398,000	-2,705,000	-3,807,000	-2,072,000	-6,771,000	-3,204,000
free cash flows	735,600,000	560,100,000	465,000,000	510,600,000	458,600,000	311,100,000	23,500,000	-207,200,000	292,100,000	487,400,000	177,300,000	437,900,000	214,100,000	316,200,000	127,900,000	416,800,000	433,100,000	467,000,000	419,000,000	565,600,000	210,200,000	119,900,000	247,600,000	410,700,000	309,600,000	233,900,000	218,400,000	338,100,000	272,800,000	186,700,000	240,100,000	301,000,000	302,500,000	216,500,000	188,500,000	325,100,000	244,500,000	238,300,000	198,900,000	283,400,000	151,200,000	185,100,000	104,500,000	194,200,000	136,800,000	154,000,000	145,700,000	200,200,000	169,800,000	164,100,000	241,300,000	128,500,000	214,000,000	202,700,000	116,700,000		137,100,000	157,500,000	85,600,000	114,500,000	62,900,000	155,200,000	99,400,000	107,915,000	90,945,000	70,135,000	62,644,000	102,240,000	71,810,000	64,801,000	32,435,000	74,928,000	43,885,000	35,954,000	30,664,000	24,119,000	34,006,000	12,954,000	12,912,000
investing activities:
purchase of investments	-99,100,000	-172,000,000	-519,800,000		-1,920,200,000	-883,500,000	-905,900,000	-1,387,200,000	-806,200,000	-10,500,000	-3,500,000	-5,900,000	-17,400,000	-188,900,000	-1,187,300,000	-1,238,300,000	-1,706,000,000	-1,674,600,000	-1,833,100,000	-1,269,700,000	-1,596,400,000	-736,800,000	-690,000,000	-802,800,000	-727,500,000	-823,600,000	-992,300,000	-887,900,000	-842,400,000	-417,900,000	-433,700,000	-872,900,000	-415,100,000	-538,800,000	-168,200,000	-688,900,000	-828,300,000	-580,600,000	-487,700,000	-699,200,000	-529,300,000	-316,400,000	-282,500,000	-341,100,000	-388,900,000	-181,400,000	-433,200,000	-313,700,000	-182,400,000	-371,600,000	-576,000,000	-385,100,000	-425,900,000	-376,600,000	-646,300,000		-450,100,000	-481,200,000	-244,700,000	-353,200,000	-427,900,000	-361,100,000	-243,200,000	-241,249,000	-219,978,000	-169,507,000	-133,717,000	-146,262,000	-168,940,000	-267,048,000	-150,448,000	-238,121,000	-187,336,000	-147,956,000	-114,932,000	-103,285,000	-76,180,000	-75,014,000	-46,522,000
proceeds from sales of investments	0			0	0	0	100,200,000	182,600,000	10,200,000	11,200,000	26,300,000	1,500,000				12,500,000	300,000	100,000	72,000,000	0	0	702,500,000	98,200,000	25,200,000	21,000,000	16,700,000	44,400,000	0	15,000,000	32,400,000	226,600,000	335,700,000	50,700,000	53,800,000	1,421,100,000	111,500,000	45,300,000	168,600,000	64,500,000	55,500,000	46,000,000	57,100,000	74,500,000	42,700,000	15,200,000	554,700,000	53,300,000	106,800,000	620,900,000	207,200,000	50,000,000	67,000,000	33,400,000	96,200,000	133,200,000
proceeds from maturities of investments	605,500,000	340,100,000	849,900,000	478,800,000	755,100,000	725,800,000	919,100,000	597,700,000	605,500,000	742,500,000	744,400,000	718,100,000	671,200,000	797,400,000	1,067,700,000	735,700,000	935,200,000	1,365,500,000	1,231,400,000	997,300,000	634,900,000	681,000,000	617,600,000	541,300,000	609,600,000	663,800,000	755,100,000	484,900,000	323,800,000	424,100,000	300,800,000	252,400,000	155,800,000	186,500,000	108,400,000	286,200,000	256,800,000	186,200,000	240,900,000	250,300,000	173,000,000	263,000,000	139,500,000	161,500,000	130,500,000	227,500,000	195,200,000	172,600,000	208,700,000	246,400,000	194,700,000	231,100,000	244,300,000	171,600,000	153,200,000
purchase of property, plant, and equipment	-105,400,000	-155,300,000	-116,600,000	-312,000,000	-247,900,000	-309,400,000	-241,900,000	-435,500,000	-256,300,000	-178,300,000	-194,100,000
acquisition of businesses, net of cash, and intellectual property and other investing activities	0							-1,800,000	200,000
net cash from investing activities	401,000,000	260,700,000	213,500,000	-1,264,200,000	-1,413,000,000	-467,100,000	-128,500,000	-1,044,200,000	-446,600,000	557,600,000	573,100,000	574,800,000	544,500,000	466,200,000	-214,700,000	-641,000,000	-838,800,000	-384,700,000	-597,000,000	-334,300,000	-1,025,900,000	536,700,000	-117,100,000	-406,200,000	-216,600,000	-222,700,000	-308,900,000	-486,300,000	-572,600,000	-44,300,000	53,600,000	-315,800,000	-260,000,000	-353,800,000	1,308,300,000	-309,000,000	-541,300,000	-237,200,000	-191,900,000	-413,100,000	-338,800,000	-9,900,000	-87,700,000	-203,500,000	-258,700,000	513,600,000	-205,300,000	-63,200,000	613,200,000	57,000,000	-348,000,000	-133,100,000	-180,300,000	-122,600,000	-409,700,000		-164,800,000	-167,100,000	7,300,000	-103,100,000	-119,200,000	-106,600,000	-147,600,000	-141,153,000	-93,790,000	-14,092,000	-43,342,000	-138,307,000	-102,621,000	-97,342,000	33,742,000	-76,791,000	-67,948,000	-54,530,000	-37,131,000	-58,638,000	-27,241,000	-4,599,000	-22,875,000
financing activities:
proceeds from issuance of common stock relating to employee stock plans	90,000,000	49,400,000	134,300,000	61,900,000	115,600,000	71,500,000	180,400,000	44,100,000	77,400,000	74,600,000	100,200,000	45,200,000	82,000,000	26,600,000	80,000,000	31,700,000	91,100,000	69,700,000	84,000,000	40,900,000	113,900,000	62,700,000	91,300,000	67,100,000	86,100,000	30,800,000	88,800,000	37,000,000	64,700,000	48,700,000	86,200,000	33,900,000	85,200,000	127,300,000	169,100,000	30,500,000	101,900,000	189,700,000	258,800,000	67,100,000
taxes paid related to net share settlement of equity awards	-19,700,000	-16,200,000	-370,100,000	-12,500,000	-17,400,000	-13,500,000	-226,600,000	-9,300,000	-14,800,000	-10,900,000	-129,700,000	-6,900,000	-8,300,000	-6,800,000	-172,200,000	-10,400,000	-13,300,000	-9,600,000	-178,300,000	-9,900,000	-10,200,000	-6,200,000	-148,900,000	-6,200,000	-7,900,000	-6,400,000	-138,600,000	-5,000,000	-7,000,000	-5,500,000	-102,500,000	-3,000,000	-3,600,000	-2,600,000	-47,400,000	-800,000	-1,400,000	-1,200,000	-20,600,000	-500,000	-500,000	-300,000	-9,700,000
repurchase of common stock	-1,913,300,000							-66,300,000	0	0	-350,000,000	-1,000,800,000	-1,000,000,000	-500,100,000	-106,500,000					-34,300,000	0	0	-100,000,000	0	-69,500,000								0	0	-2,000,000,000																																											0	-33,000
cash dividends paid by joint venture to noncontrolling interest				0	0
payment of deferred purchase consideration				0	0	0	-500,000	0	-800,000	-400,000	-1,700,000	-1,000,000	-500,000	-1,800,000	-1,200,000	-2,700,000	-9,500,000	-1,800,000	-7,900,000	-36,500,000	-18,500,000	-8,900,000	-21,100,000
net cash from financing activities	-1,843,000,000	-147,800,000	-235,800,000	49,400,000	98,200,000	50,000,000	-46,700,000	-31,500,000	61,800,000	63,300,000	-381,200,000	-963,500,000	-926,800,000	-482,100,000	-199,900,000	18,600,000	68,300,000	58,300,000	-102,200,000	-39,800,000	85,200,000	47,600,000	-178,700,000	50,800,000	1,200,000	-178,600,000	-41,800,000	33,700,000	57,700,000	43,200,000	-8,300,000	-243,100,000	83,600,000	124,700,000	-1,878,300,000	-100,000	109,700,000	200,500,000	248,400,000	-23,800,000	112,400,000	38,800,000	66,000,000	116,400,000	94,600,000	-974,000,000	70,600,000	29,600,000				73,100,000	-121,900,000	64,900,000	103,100,000		-70,200,000	-96,700,000	61,600,000	-122,600,000	-32,500,000	38,100,000	124,700,000	40,920,000	29,887,000	7,458,000	-144,434,000	3,196,000	35,886,000	24,638,000	34,260,000	30,091,000	39,528,000	27,101,000	22,127,000	11,493,000	13,537,000	10,685,000	6,468,000
effect of exchange rate changes on cash, cash equivalents, and restricted cash	4,000,000	1,000,000	-4,500,000	8,300,000	-12,200,000	-3,700,000	6,800,000	-5,400,000	1,700,000	5,200,000	1,800,000	-2,500,000	1,900,000	2,200,000	3,800,000	-1,100,000	300,000	-3,400,000	800,000	-600,000	-400,000	-800,000	-800,000	700,000	-1,600,000	-100,000	-1,200,000	600,000	-100,000	-1,600,000	1,000,000
net increase in cash, cash equivalents, and restricted cash	-597,000,000	829,300,000	554,800,000	-383,900,000	-620,500,000	199,700,000	97,000,000	-852,800,000	165,300,000	1,291,800,000	565,100,000	46,700,000	2,800,000	433,000,000	-187,800,000	-55,800,000	-268,800,000	212,900,000	-220,800,000	252,800,000	-666,500,000	813,400,000	56,200,000	198,000,000	179,300,000	-85,400,000	-18,700,000	-113,900,000	-195,200,000	228,800,000	326,500,000
cash, cash equivalents, and restricted cash, beginning of period	0	0	2,062,400,000		0	0	2,770,100,000		0	0	1,600,700,000		0	0	1,306,000,000		0	0	1,638,500,000		0	0	1,182,600,000		0	0	909,400,000		0	0	663,200,000
cash, cash equivalents, and restricted cash, end of period	-597,000,000	829,300,000	2,617,200,000		-620,500,000	199,700,000	2,867,100,000		165,300,000	1,291,800,000	2,165,800,000		2,800,000	433,000,000	1,118,200,000		-268,800,000	212,900,000	1,417,700,000		-666,500,000	813,400,000	1,238,800,000		179,300,000	-85,400,000	890,700,000		-195,200,000	228,800,000	989,700,000
gain on sale of business												0	0	0	-3,800,000
loss on investments and amortization of investment discounts and premiums
purchases of investments
cash, cash equivalents, and restricted cash, beginning of year
cash, cash equivalents, and restricted cash, end of year
loss on investments, accretion of discounts, and amortization of premiums on investments					-12,300,000	-20,000,000	-5,900,000	-7,400,000	300,000	9,500,000	4,900,000																		-1,500,000	0	4,700,000		5,400,000	5,300,000	6,100,000								5,400,000
loss on investments, accretion, and amortization													9,600,000	7,800,000	26,000,000		2,200,000	8,300,000	-12,600,000				200,000		-5,000,000	-400,000	-1,200,000
purchase of property, plant, and equipment and intellectual property													-169,100,000	-130,500,000	-95,100,000	-150,900,000	-68,300,000	-75,700,000	-58,600,000	-61,900,000	-64,400,000	-110,000,000	-105,200,000	-142,000,000	-86,700,000	-82,100,000	-114,800,000		-47,000,000	-44,800,000	-40,100,000
acquisition of businesses, net of cash, and other investing activities													200,000
acquisition of businesses, net of cash																0	0	0	-8,700,000	0	0	0	-37,700,000	-27,900,000	-33,000,000	2,500,000	-1,300,000	-27,800,000																	-1,700,000
capital contribution from noncontrolling interest																								0	0	0	10,000,000
gain on investments, accretion, and amortization																					-61,800,000
loss on investment, accretion of discounts, and amortization of premiums on investments
other financing activities																									-7,500,000	-3,000,000	-2,000,000	1,700,000	0	0	8,000,000	0
amortization of contract acquisition asset																										3,100,000	2,800,000	2,700,000	2,600,000	2,600,000	2,700,000
changes in operating assets and liabilities, net of effects of acquisition:
income tax benefits from employee stock plans																																				4,200,000	7,300,000	7,500,000	10,800,000	-2,700,000	6,900,000	9,100,000	8,200,000	6,200,000	6,800,000
purchase of property, plant and equipment, and intellectual property																																-31,000,000	-51,400,000												-13,800,000
repurchase common stock
acquisition of business, net of cash
changes in operating assets and liabilities:
repurchase and retirement of common stock																																				-34,400,000	0	0	-8,100,000	-84,200,000	-35,500,000	-49,300,000	-14,700,000	0	0			0	-693,800,000	-269,700,000	-145,700,000	-53,200,000	-169,900,000			0	-181,100,000	-139,100,000	-11,600,000	-139,700,000				0	0	0	-150,000,000
effect of exchange rate changes on cash and cash equivalents																																100,000	1,000,000	500,000	500,000		100,000	0	900,000	-100,000	-500,000	300,000	-1,200,000	200,000	-1,100,000	0	300,000		500,000	100,000	-400,000	300,000	0	-300,000	200,000		-400,000	0	800,000	-400,000	700,000	-600,000	-500,000	-62,000	272,000	461,000	-366,000	-120,000	-484,000	118,000	597,000	120,000	147,000			164,000	10,000
net increase in cash and cash equivalents																																-226,800,000	178,500,000	-12,100,000	-328,000,000	15,000,000	-171,900,000	213,000,000	265,900,000	-153,600,000	-47,200,000	214,300,000	100,800,000				31,900,000	195,300,000	154,100,000	5,200,000	-126,200,000	157,500,000	-88,200,000	158,500,000	-139,900,000		-83,800,000	-67,800,000	170,000,000	-102,200,000	-38,000,000	106,400,000	92,200,000	15,342,000	32,674,000	76,816,000	-98,018,000	-32,991,000	4,591,000	-7,785,000	107,983,000	36,432,000	20,681,000	12,957,000	18,365,000	-19,055,000	22,384,000	25,845,000	-292,000
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
changes in operating assets and liabilities
cash and cash equivalents, beginning of period																																	0	0	1,036,600,000		0	0	714,600,000		0	0	600,300,000		0	0	782,100,000		0	0	553,700,000		0	0	465,800,000		0	0	279,800,000		0	0	221,400,000		0	0	194,623,000		0	0	122,825,000	0	0	0	34,390,000	0	0	0	5,508,000
cash and cash equivalents, end of period																																	178,500,000	-12,100,000	708,600,000		-171,900,000	213,000,000	980,500,000		-47,200,000	214,300,000	701,100,000		-14,600,000	-306,400,000	814,000,000		154,100,000	5,200,000	427,500,000		-88,200,000	158,500,000	325,900,000		-83,800,000	-67,800,000	449,800,000		-38,000,000	106,400,000	313,600,000		32,674,000	76,816,000	96,605,000		4,591,000	-7,785,000	230,808,000	36,432,000	20,681,000	12,957,000	52,755,000	-19,055,000	22,384,000	25,845,000	5,216,000
purchase of property, plant and equipment																																			-53,000,000		-15,100,000	-11,400,000	-9,600,000
excess tax benefit from employee stock plans																																				-4,600,000	-9,200,000	-12,000,000	-18,300,000	-1,100,000	-11,900,000	-11,100,000	-10,200,000
purchase of property, plant and equipment, intellectual property
acquisition of business, net of cash acquired
loss on investments, accretion of discounts and amortization of premiums on investments																																					8,900,000	9,100,000	8,300,000		6,800,000
inventories																																								20,000,000	3,100,000	-5,900,000	-27,900,000	13,700,000	-1,600,000	-18,500,000	-20,400,000		-34,700,000	-37,400,000	-15,800,000
depreciation																																									17,400,000	14,900,000	14,000,000	13,800,000	13,400,000	12,500,000	12,300,000	13,400,000	11,300,000	10,900,000	10,400,000	9,500,000	10,000,000	7,700,000	7,500,000		7,100,000	6,900,000	6,900,000	6,300,000	6,000,000	5,800,000	5,600,000	4,798,000	5,072,000	4,864,000	4,225,000	3,946,000	3,968,000	3,580,000	3,139,000	2,995,000	2,955,000	2,638,000	2,423,000	2,613,000	2,174,000	1,826,000	1,656,000
purchase of property, plant and equipment, and acquired intellectual property																																									-28,500,000
proceeds from issuance of common stock																																										77,300,000	80,200,000	107,600,000	85,500,000	24,200,000	66,300,000	22,700,000	25,800,000	22,800,000	89,300,000	86,800,000	38,000,000	55,600,000	82,900,000		90,400,000	31,700,000	59,500,000	8,200,000	17,000,000	23,400,000	92,500,000	24,961,000	21,676,000	6,488,000	5,566,000	2,684,000	18,675,000	8,299,000	15,019,000	14,368,000	21,354,000	10,597,000	9,660,000	3,296,000	4,194,000	5,152,000	6,501,000
purchase of property, plant and equipment and acquired intellectual property																																											-19,200,000
loss of investment, accretion of discounts and amortization of premiums on investments
loss on investment, accretion of discounts and amortization of premiums on investments																																													5,500,000
excess tax benefit from share-based compensation																																													-9,100,000	-1,800,000	-4,300,000
net decrease in cash and cash equivalents																																													-14,600,000
supplemental non-cash investing activities:
demonstration equipment transfers from inventories to property, plant and equipment
accretion of discounts and amortization of premiums on investments																																															8,100,000	8,200,000	8,400,000	10,400,000	9,800,000	9,300,000	8,600,000	8,200,000	7,000,000
income tax benefits from employee stock option plans																																															2,100,000	4,800,000	3,900,000	5,900,000	19,900,000	39,100,000	10,100,000	24,500,000	20,200,000		15,100,000	9,500,000	11,600,000		8,800,000	13,400,000	27,300,000
purchase of property, plant and equipment, intellectual property and business																																															-20,600,000	-28,900,000	-34,000,000	-25,000,000	-16,700,000	-88,700,000
other accrued liabilities																																																				-2,200,000								-11,500,000				293,000						5,482,000	2,089,000			4,458,000	-2,209,000			9,157,000	-677,000
supplemental cash flow information:
income taxes paid
excess tax benefit from stock-based compensation																																																	-4,600,000	-5,900,000	-20,600,000	-39,500,000	-10,000,000	-24,500,000	-20,200,000	103,700,000	-20,500,000	-10,700,000	-13,700,000	-8,900,000	-9,400,000	-14,700,000	-32,200,000	-15,959,000	-8,211,000			-512,000	-17,211,000	-16,339,000	-19,241,000	-15,723,000	-18,174,000	-16,504,000	-12,467,000
acquisition-related restricted cash
net cash from provided by financing activities																																																		-241,000,000	-35,800,000
stock-based compensation expense																																																			38,200,000	38,300,000	47,300,000																								6,950,000
accrued liabilities																																																						6,700,000	-4,700,000			13,900,000	-7,400,000			50,400,000	-14,100,000			22,600,000	485,000
purchase of property and equipment, intellectual property and business																																																						-13,800,000	-49,800,000
net income .
depreciation .
amortization of intangible assets.
deferred income taxes .
share-based compensation expense of stock options and employee stock purchases
excess tax benefit from stock-based compensation.
income tax benefits related to stock option exercises
other non-cash items
inventory.
accounts payable.
deferred revenue.
other accrued liabilities.
net cash from operating activities.
purchase of investments.
proceeds from sales and maturities of investments.
purchase of property and equipment and acquisition of intellectual property																																																								-15,200,000	-14,500,000	-38,500,000	-14,700,000	-9,400,000	-50,100,000	-20,300,000	-16,200,000	-7,722,000	-5,360,000	-12,854,000	-27,480,000
net cash from investing activities.
proceeds from issuance of common stock, net.
net cash from financing activities.
effect of exchange rate changes on cash and cash equivalents.
net increase in cash and cash equivalents.
cash and cash equivalents, beginning of year.
cash and cash equivalents, end of year.
proceeds from sales and maturities of investments																																																									299,800,000	352,600,000	266,700,000	259,500,000	358,800,000	274,800,000	111,800,000	107,818,000	131,548,000	168,269,000	117,855,000	40,897,000	87,315,000	214,792,000	191,139,000	173,165,000	124,457,000	97,824,000	80,506,000	48,773,000	51,011,000	78,486,000	27,432,000
gain on sale of investments																																																																								0
income tax benefits related to an acquisition
income tax benefits from employee stock option plans and acquisition																																																																	7,870,000	769,000	-54,000		17,360,000	17,962,000	20,056,000		24,861,000	17,755,000	14,154,000
acquisition of property and equipment																																																																							-6,949,000	-8,084,000	-5,069,000	-4,398,000	-2,705,000	-3,807,000	-2,072,000	-6,771,000	-3,204,000
licensing and purchase of intellectual property
capital expenditures and acquisitions of intellectual property																																																																					-20,996,000
licensing and purchase of patents
repayment of notes payable
acquisition of investments in exchange for stock with a cross-licensing agreement
licensing of patents																																																																												0	0
amortization of deferred compensation and stock compensation
supplemental disclosure of cash flow information:
interest paid
non-cash investing activity:
acquisition of investments in connection with a cross-licensing agreement
excess tax benefits from stock-based compensation																																																																													-9,310,000
acquisition related tax benefits																																																																													1,582,000
release of restricted cash																																																																													0	0	319,000
provision for doubtful accounts
adjustments to reconcile net income to net cash
provided by operating activities:
benefit for doubtful accounts																																																																															-89,000
acquisition of patent																																																																															-900,000
depreciation and amortization
loss on sales of property and equipment
amortization/impairment of intangible assets
prepaids
other assets
restructuring accrual
disposition of property and equipment
acquisition of private equity investments
increase in restricted cash
common stock issued in connection with acquisition of business
provision for doubtful accounts and write-offs
income tax benefit from stock option exercises
accrued royalty expense
purchase of short-term investments
proceeds from sales and maturities of short-term investments
proceeds from notes payable
net loss
adjustments to reconcile net loss to net cash from operating activities:
loss on sales of fixed assets
prepaid expenses
warranty accrual
release of restricted cash equivalents
increase in restricted cash equivalents
proceeds from sales of short-term investments
proceeds from maturities of short-term investments

Intuitive Surgical, Inc(NASDAQ:ISRG)

Intuitive Surgical, Inc
(NASDAQ:ISRG)