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Income Statement Cash Flow Balance Sheet All Statements
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10-K.Info (Beta Test)
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INTUITIVE SURGICAL INC

Ticker: ISRG   Fiscal Year: 2009

Statement Of Income

Period Ending Dec 31, 2009 10-K (Filed: Jan 29, 2010)

(In Thousands)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2009Dec 31, 2008Dec 31, 2007
Revenue:
Products
$
879,901
748,325516,089
Services172,267126,59484,739
Total revenue1,052,168874,919600,828
 
Cost of revenue:
Products237,562200,074145,654
Services63,55454,06840,888
Total cost of revenue301,116254,142186,542
 
Gross profit751,052620,777414,286
 
Operating expenses:
Selling, general and administrative278,511230,570158,685
Research and development95,10279,37248,859
Total operating expenses373,613309,942207,544
 
Income from operations377,439310,835206,742
 
Interest and other income, net18,67224,36830,492
Income before income taxes396,111335,203237,234
 
Income tax expense163,505130,88892,697
Net income232,606204,315144,537
 
Net income per common share:
Basic6.075.263.82
Diluted5.935.123.70
Shares used in computing basic and diluted net income per common share:
Basic38,29838,87737,831
Diluted39,20539,94339,021
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INTUITIVE SURGICAL INC

Ticker: ISRG   Fiscal Year: 2009

Statement Of Cash Flows Indirect

Period Ending Dec 31, 2009 10-K (Filed: Jan 29, 2010)

(In Thousands, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2009Dec 31, 2008Dec 31, 2007
Operating activities:
Net income
$
232,606
204,315144,537
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation18,95914,63311,011
Amortization of intangible assets15,61810,4512,016
Gain on sale of investments00(4,075)
Income tax benefits related to an acquisition007,500
Deferred income taxes(15,645)(20,495)3,913
Share-based compensation expense of stock options and employee stock purchases96,98176,64636,292
Excess tax benefit from stock-based compensation(25,140)(53,303)(62,868)
Income tax benefits related to stock option exercises23,64155,92665,391
Changes in operating assets and liabilities:
Accounts receivable(35,275)(39,740)(35,687)
Inventory5,860(31,064)(8,213)
Prepaids and other assets(6,316)3,966(6,771)
Accounts payable7,040(9,239)18,646
Accrued compensation and employee benefits12,8036,8908,802
Deferred revenue21,31524,55917,306
Other accrued liabilities32,60834,6907,887
Net cash provided by operating activities385,055278,235205,687
 
Investing activities:
Purchase of investments(764,451)(732,698)(688,345)
Proceeds from sales and maturities of investments525,490534,143475,952
Purchase of property and equipment and acquisition of intellectual property(53,416)(105,973)(24,007)
Net cash used in investing activities(292,377)(304,528)(236,400)
 
Financing activities:
Proceeds from issuance of common stock, net58,69144,67755,979
Excess tax benefit from stock-based compensation25,14053,30362,868
Repurchase and retirement of common stock(150,000)00
Net cash (used in) provided by financing activities(66,169)97,980118,847
 
Effect of exchange rate changes on cash and cash equivalents305111301
Net increase in cash and cash equivalents26,81471,79888,435
 
Cash and cash equivalents, beginning of year194,623122,825
Cash and cash equivalents, end of year221,437194,623122,825
 
Supplemental cash flow information:
Income taxes paid129,12361,45011,300
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INTUITIVE SURGICAL INC

Ticker: ISRG   Fiscal Year: 2009

Statement Of Financial Position Classified

Period Ending Dec 31, 2009 10-K (Filed: Jan 29, 2010)

(In Thousands, except shares in actual)
 As ofAs of
 Dec 31, 2009Dec 31, 2008
ASSETS
Current assets:
Cash and cash equivalents
$
221,437
194,623
Short-term investments333,998256,746
Accounts receivable, net of allowances of $4,289 and $4,100 at December 31, 2009 and 2008, respectively205,384170,107
Inventory57,60063,460
Prepaids and other assets20,8709,496
Deferred tax assets7,3399,458
Total current assets846,628703,890
 
Property, plant and equipment, net125,741117,021
Long-term investments616,545450,504
Long-term deferred tax asset53,34135,899
Intangible assets, net56,23056,224
Goodwill110,740110,740
Other assets491346
Total assets1,809,7161,474,624
 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable27,59420,501
Accrued compensation and employee benefits49,75836,930
Deferred revenue99,45177,981
Other accrued liabilities25,96529,104
Total current liabilities202,768164,516
 
Deferred revenue1,0661,271
Other liabilities68,59942,071
Total liabilities272,433207,858
 
Commitments and contingencies (Note 7)--
Stockholders' equity:
Preferred stock, 2,500 shares authorized, $0.001 par value, issuable in series; no shares issued and outstanding as of December 31, 2009 and 2008, respectively00
Common stock, 100,000 shares authorized, $0.001 par value, 38,500 and 39,183 shares issued and outstanding as of December 31, 2009 and 2008, respectively3839
Additional paid-in capital1,024,273871,846
Retained earnings511,716397,824
Accumulated other comprehensive income (loss)1,256(2,943)
Total stockholders' equity1,537,2831,266,766
 
Total liabilities and stockholders' equity1,809,7161,474,624
 
External Links 
INTUITIVE SURGICAL INC (ISRG) Fiscal Year 2009
Statements of 10-K in Excel https://www.sec.gov/.../Financial.xlxs
Complete 10-K in HTML https://www.sec.gov/.../10-K.html
Complete 10-K in XBRL https://www.sec.gov/.../10-K-xbrl.zip