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: 2010 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 1, 2011) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Operating activities: | |||
| Net income | $ 381,800 | 232,600 | 204,300 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 23,700 | 19,000 | 14,600 |
| Amortization of intangible assets | 16,700 | 15,600 | 10,500 |
| Deferred income taxes | (21,500) | (15,600) | (20,600) |
| Share-based compensation expense of stock options and employee stock purchases | 117,600 | 97,000 | 76,600 |
| Excess tax benefit from stock-based compensation | (65,200) | (25,100) | (53,300) |
| Income tax benefits related to stock option exercises | 57,900 | 23,600 | 55,900 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (41,500) | (35,300) | (39,700) |
| Inventory | (29,200) | 5,900 | (31,100) |
| Prepaids and other assets | 1,100 | (6,300) | 4,000 |
| Accounts payable | 8,100 | 7,000 | (9,200) |
| Accrued compensation and employee benefits | 13,800 | 12,800 | 6,900 |
| Deferred revenue | 26,500 | 21,300 | 24,600 |
| Other accrued liabilities | 38,200 | 32,600 | 34,700 |
| Net cash provided by operating activities | 528,000 | 385,100 | 278,200 |
| Investing activities: | |||
| Purchase of investments | (1,385,400) | (764,500) | (732,700) |
| Proceeds from sales and maturities of investments | 1,004,900 | 525,500 | 534,200 |
| Purchase of property and equipment and acquisition of intellectual property | (96,000) | (53,400) | (106,000) |
| Net cash used in investing activities | (476,500) | (292,400) | (304,500) |
| Financing activities: | |||
| Proceeds from issuance of common stock, net | 141,100 | 58,700 | 44,700 |
| Excess tax benefit from stock-based compensation | 65,200 | 25,100 | 53,300 |
| Repurchase and retirement of common stock | (198,600) | (150,000) | 0 |
| Net cash (used in) provided by financing activities | 7,700 | (66,200) | 98,000 |
| Effect of exchange rate changes on cash and cash equivalents | (800) | 300 | 100 |
| Net increase in cash and cash equivalents | 58,400 | 26,800 | 71,800 |
| Cash and cash equivalents, beginning of year | 221,400 | 194,600 | |
| Cash and cash equivalents, end of year | 279,800 | 221,400 | 194,600 |
| Supplemental cash flow information: | |||
| Income taxes paid | 124,400 | 129,100 | 61,500 |
| External Links | |
| INTUITIVE SURGICAL INC (ISRG) Fiscal Year 2010 | |
| 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 |