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: 2011 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 6, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Operating activities: | |||
| Net income | $ 495,100 | 381,800 | 232,600 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 28,700 | 23,700 | 19,000 |
| Amortization of intangible assets | 17,800 | 16,700 | 15,600 |
| Deferred income taxes | 7,100 | (21,500) | (15,600) |
| Share-based compensation expense of stock options and employee stock purchases | 136,400 | 117,600 | 97,000 |
| Excess tax benefit from stock-based compensation | (58,800) | (65,200) | (25,100) |
| Income tax benefits related to stock option exercises | 48,600 | 57,900 | 23,600 |
| Other non-cash items | 22,600 | 17,800 | 7,100 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (51,100) | (41,500) | (35,300) |
| Inventory | (25,300) | (29,200) | 5,900 |
| Prepaids and other assets | (9,400) | 1,100 | (6,300) |
| Accounts payable | 10,300 | 8,100 | 7,000 |
| Accrued compensation and employee benefits | 19,600 | 13,800 | 12,800 |
| Deferred revenue | 28,100 | 26,500 | 21,300 |
| Other accrued liabilities | 7,900 | 38,200 | 32,600 |
| Net cash provided by operating activities | 677,600 | 545,800 | 392,200 |
| Investing activities: | |||
| Purchase of investments | (1,532,200) | (1,385,400) | (764,500) |
| Proceeds from sales and maturities of investments | 1,136,100 | 987,100 | 518,400 |
| Purchase of property and equipment and acquisition of intellectual property | (82,900) | (96,000) | (53,400) |
| Net cash used in investing activities | (479,000) | (494,300) | (299,500) |
| Financing activities: | |||
| Proceeds from issuance of common stock, net | 260,600 | 141,100 | 58,700 |
| Excess tax benefit from stock-based compensation | 58,800 | 65,200 | 25,100 |
| Repurchase and retirement of common stock | (331,800) | (198,600) | (150,000) |
| Net cash (used in) provided by financing activities | (12,400) | 7,700 | (66,200) |
| Effect of exchange rate changes on cash and cash equivalents | (200) | (800) | 300 |
| Net increase in cash and cash equivalents | 186,000 | 58,400 | 26,800 |
| Cash and cash equivalents, beginning of year | 279,800 | 221,400 | |
| Cash and cash equivalents, end of year | 465,800 | 279,800 | 221,400 |
| Supplemental cash flow information: | |||
| Income taxes paid | 152,000 | 124,400 | 129,100 |
| External Links | |
| INTUITIVE SURGICAL INC (ISRG) Fiscal Year 2011 | |
| 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 |