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: 2017 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 2, 2018) | |||
(In Thousands, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
Operating activities: | |||
Net income | $ 660,000 | 735,900 | 588,800 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and loss on disposal of property, plant, and equipment, net | 86,200 | 73,900 | 65,100 |
Amortization of intangible assets | 12,900 | 18,200 | 24,400 |
Loss on investment, accretion of discounts, and amortization of premiums on investments, net | 21,200 | 35,900 | 26,400 |
Deferred income taxes | 62,900 | 18,700 | 4,600 |
Income tax benefits from employee stock plans | 0 | 29,800 | 21,500 |
Share-based compensation expense | 209,100 | 177,600 | 167,900 |
Changes in operating assets and liabilities, net of effects of acquisition: | |||
Accounts receivable | (81,700) | (35,900) | (79,200) |
Inventory | (115,500) | (46,700) | (10,700) |
Prepaids and other assets | (28,500) | (28,700) | (10,500) |
Accounts payable | 14,000 | 15,900 | (11,300) |
Accrued compensation and employee benefits | 31,200 | 18,700 | 21,500 |
Deferred revenue | 52,800 | 19,900 | 8,200 |
Other liabilities | 219,300 | 53,800 | (10,500) |
Net cash provided by operating activities (1) | 1,143,900 | 1,087,000 | 806,200 |
Investing activities: | |||
Purchase of investments | (1,995,000) | (2,585,500) | (1,827,400) |
Proceeds from sales of investments | 1,861,300 | 389,900 | 233,100 |
Proceeds from maturities of investments | 703,100 | 970,100 | 825,800 |
Purchase of property, plant and equipment, and intellectual property | (190,700) | (53,900) | (81,000) |
Net cash provided by (used in) investing activities | 378,700 | (1,279,400) | (849,500) |
Financing activities: | |||
Proceeds from issuance of common stock relating to employee stock plans | 415,500 | 580,900 | 361,100 |
Taxes paid related to net share settlement of equity awards | (56,600) | (24,000) | (11,000) |
Repurchase and retirement of common stock | (2,274,000) | (42,500) | (183,700) |
Other financing activities | 2,000 | 0 | (7,300) |
Net cash provided by (used in) financing activities (1) | (1,913,100) | 514,400 | 159,100 |
Effect of exchange rate changes on cash and cash equivalents | 2,100 | 0 | (1,500) |
Net increase (decrease) in cash and cash equivalents | (388,400) | 322,000 | 114,300 |
Cash and cash equivalents, beginning of year | 1,036,600 | 714,600 | |
Cash and cash equivalents, end of year | 648,200 | 1,036,600 | 714,600 |
Adjustments for New Accounting Pronouncements | |||
ASU No. 2016-09 | |||
Net cash provided by operating activities (1) | 44,100 | 34,300 | |
Net cash provided by (used in) financing activities (1) | (44,100) | (34,300) | |
External Links | |
INTUITIVE SURGICAL INC (ISRG) Fiscal Year 2017 | |
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 |