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: 2015 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 2, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Operating activities: | |||
| Net income | $ 588,800 | 418,800 | 671,000 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and loss on disposal of property, plant, and equipment, net | 65,100 | 52,000 | 46,000 |
| Amortization of intangible assets | 24,400 | 22,400 | 21,300 |
| Loss (gain) on investment, accretion of discounts, and amortization of premiums on investments, net | 26,400 | 33,900 | 36,800 |
| Deferred income taxes | 4,600 | (35,000) | (38,500) |
| Income tax benefits from employee stock plans | 21,500 | 13,900 | 34,500 |
| Excess tax benefit from employee stock plans | (34,300) | (24,000) | (38,000) |
| Share-based compensation expense | 167,900 | 168,900 | 168,900 |
| Changes in operating assets and liabilities, net of effects of acquisition: | |||
| Accounts receivable | (79,200) | (13,700) | 68,900 |
| Inventories | (10,700) | (26,800) | (70,000) |
| Prepaids and other assets | (10,500) | (67,600) | (5,000) |
| Accounts payable | (11,300) | 17,700 | (8,900) |
| Accrued compensation and employee benefits | 21,500 | 21,400 | (33,300) |
| Deferred revenue | 8,200 | 19,800 | 15,200 |
| Other liabilities | (10,500) | 63,400 | 11,100 |
| Net cash provided by operating activities | 771,900 | 665,100 | 880,000 |
| Investing activities: | |||
| Purchase of investments | (1,827,400) | (1,344,600) | (1,443,700) |
| Proceeds from sales of investments | 233,100 | 665,900 | 984,900 |
| Proceeds from maturities of investments | 825,800 | 714,700 | 822,400 |
| Purchase of property, plant and equipment, intellectual property | (81,000) | (105,600) | (104,600) |
| Acquisition of business, net of cash acquired | 0 | (84,300) | 0 |
| Net cash provided by (used in) investing activities | (849,500) | (153,900) | 259,000 |
| Financing activities: | |||
| Proceeds from issuance of common stock relating to employee stock plans | 361,100 | 283,600 | 160,600 |
| Excess tax benefit from employee stock plans | 34,300 | 24,000 | 38,000 |
| Taxes paid related to net share settlement of equity awards | (11,000) | 0 | 0 |
| Repurchase and retirement of common stock | (183,700) | (1,000,000) | (1,109,200) |
| Other financing activities | (7,300) | 0 | 0 |
| Net cash provided by (used in) financing activities | 193,400 | (692,400) | (910,600) |
| Effect of exchange rate changes on cash and cash equivalents | (1,500) | (600) | 0 |
| Net increase (decrease) in cash and cash equivalents | 114,300 | (181,800) | 228,400 |
| Cash and cash equivalents, beginning of year | 600,300 | 782,100 | |
| Cash and cash equivalents, end of year | 714,600 | 600,300 | 782,100 |
| External Links | |
| INTUITIVE SURGICAL INC (ISRG) Fiscal Year 2015 | |
| 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 |