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: 2016 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 6, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Operating activities: | |||
| Net income | $ 735,900 | 588,800 | 418,800 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and loss on disposal of property, plant, and equipment, net | 73,900 | 65,100 | 52,000 |
| Amortization of intangible assets | 18,200 | 24,400 | 22,400 |
| Loss (gain) on investment, accretion of discounts, and amortization of premiums on investments, net | 35,900 | 26,400 | 33,900 |
| Deferred income taxes | 18,700 | 4,600 | (35,000) |
| Income tax benefits from employee stock plans | 29,800 | 21,500 | 13,900 |
| Excess tax benefit from employee stock plans | (44,100) | (34,300) | (24,000) |
| Share-based compensation expense | 177,600 | 167,900 | 168,900 |
| Changes in operating assets and liabilities, net of effects of acquisition: | |||
| Accounts receivable | (35,900) | (79,200) | (13,700) |
| Inventory | (46,700) | (10,700) | (26,800) |
| Prepaids and other assets | (28,700) | (10,500) | (67,600) |
| Accounts payable | 15,900 | (11,300) | 17,700 |
| Accrued compensation and employee benefits | 18,700 | 21,500 | 21,400 |
| Deferred revenue | 19,900 | 8,200 | 19,800 |
| Other liabilities | 53,800 | (10,500) | 63,400 |
| Net cash provided by operating activities | 1,042,900 | 771,900 | 665,100 |
| Investing activities: | |||
| Purchase of investments | (2,585,500) | (1,827,400) | (1,344,600) |
| Proceeds from sales of investments | 389,900 | 233,100 | 665,900 |
| Proceeds from maturities of investments | 970,100 | 825,800 | 714,700 |
| Purchase of property, plant and equipment, intellectual property | (53,900) | (81,000) | (105,600) |
| Acquisition of business, net of cash acquired | 0 | 0 | (84,300) |
| Net cash used in investing activities | (1,279,400) | (849,500) | (153,900) |
| Financing activities: | |||
| Proceeds from issuance of common stock relating to employee stock plans | 580,900 | 361,100 | 283,600 |
| Excess tax benefit from employee stock plans | 44,100 | 34,300 | 24,000 |
| Taxes paid related to net share settlement of equity awards | (24,000) | (11,000) | 0 |
| Repurchase and retirement of common stock | (42,500) | (183,700) | (1,000,000) |
| Other financing activities | 0 | (7,300) | 0 |
| Net cash provided by (used in) financing activities | 558,500 | 193,400 | (692,400) |
| Effect of exchange rate changes on cash and cash equivalents | 0 | (1,500) | (600) |
| Net increase (decrease) in cash and cash equivalents | 322,000 | 114,300 | (181,800) |
| Cash and cash equivalents, beginning of year | 714,600 | 600,300 | |
| Cash and cash equivalents, end of year | 1,036,600 | 714,600 | 600,300 |
| External Links | |
| INTUITIVE SURGICAL INC (ISRG) Fiscal Year 2016 | |
| 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 |