10-K.Info (Beta Test)
Courtesy of Short Sands, LLC
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 Ended12 Months Ended12 Months Ended
 Dec 31, 2017Dec 31, 2016Dec 31, 2015
Operating activities:
Net income
$
660,000
735,900588,800
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and loss on disposal of property, plant, and equipment, net86,20073,90065,100
Amortization of intangible assets12,90018,20024,400
Loss on investment, accretion of discounts, and amortization of premiums on investments, net21,20035,90026,400
Deferred income taxes62,90018,7004,600
Income tax benefits from employee stock plans029,80021,500
Share-based compensation expense209,100177,600167,900
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 payable14,00015,900(11,300)
Accrued compensation and employee benefits31,20018,70021,500
Deferred revenue52,80019,9008,200
Other liabilities219,30053,800(10,500)
Net cash provided by operating activities (1)1,143,9001,087,000806,200
 
Investing activities:
Purchase of investments(1,995,000)(2,585,500)(1,827,400)
Proceeds from sales of investments1,861,300389,900233,100
Proceeds from maturities of investments703,100970,100825,800
Purchase of property, plant and equipment, and intellectual property(190,700)(53,900)(81,000)
Net cash provided by (used in) investing activities378,700(1,279,400)(849,500)
 
Financing activities:
Proceeds from issuance of common stock relating to employee stock plans415,500580,900361,100
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 activities2,0000(7,300)
Net cash provided by (used in) financing activities (1)(1,913,100)514,400159,100
 
Effect of exchange rate changes on cash and cash equivalents2,1000(1,500)
Net increase (decrease) in cash and cash equivalents(388,400)322,000114,300
 
Cash and cash equivalents, beginning of year1,036,600714,600
Cash and cash equivalents, end of year648,2001,036,600714,600
 
Adjustments for New Accounting Pronouncements
ASU No. 2016-09
Net cash provided by operating activities (1)44,10034,300
 
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