10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
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 Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Operating activities: | |||
| Net income | $ 232,606 | 204,315 | 144,537 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 18,959 | 14,633 | 11,011 |
| Amortization of intangible assets | 15,618 | 10,451 | 2,016 |
| Gain on sale of investments | 0 | 0 | (4,075) |
| Income tax benefits related to an acquisition | 0 | 0 | 7,500 |
| Deferred income taxes | (15,645) | (20,495) | 3,913 |
| Share-based compensation expense of stock options and employee stock purchases | 96,981 | 76,646 | 36,292 |
| Excess tax benefit from stock-based compensation | (25,140) | (53,303) | (62,868) |
| Income tax benefits related to stock option exercises | 23,641 | 55,926 | 65,391 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (35,275) | (39,740) | (35,687) |
| Inventory | 5,860 | (31,064) | (8,213) |
| Prepaids and other assets | (6,316) | 3,966 | (6,771) |
| Accounts payable | 7,040 | (9,239) | 18,646 |
| Accrued compensation and employee benefits | 12,803 | 6,890 | 8,802 |
| Deferred revenue | 21,315 | 24,559 | 17,306 |
| Other accrued liabilities | 32,608 | 34,690 | 7,887 |
| Net cash provided by operating activities | 385,055 | 278,235 | 205,687 |
| Investing activities: | |||
| Purchase of investments | (764,451) | (732,698) | (688,345) |
| Proceeds from sales and maturities of investments | 525,490 | 534,143 | 475,952 |
| 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, net | 58,691 | 44,677 | 55,979 |
| Excess tax benefit from stock-based compensation | 25,140 | 53,303 | 62,868 |
| Repurchase and retirement of common stock | (150,000) | 0 | 0 |
| Net cash (used in) provided by financing activities | (66,169) | 97,980 | 118,847 |
| Effect of exchange rate changes on cash and cash equivalents | 305 | 111 | 301 |
| Net increase in cash and cash equivalents | 26,814 | 71,798 | 88,435 |
| Cash and cash equivalents, beginning of year | 194,623 | 122,825 | |
| Cash and cash equivalents, end of year | 221,437 | 194,623 | 122,825 |
| Supplemental cash flow information: | |||
| Income taxes paid | 129,123 | 61,450 | 11,300 |
| 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 |