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: 2018 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 4, 2019) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Net income | $ 1,125,000 | 670,900 | 738,300 |
| Operating activities: | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and loss on disposal of property, plant, and equipment, net | 108,600 | 86,200 | 73,900 |
| Amortization of intangible assets | 14,200 | 12,900 | 18,200 |
| Loss on investment, accretion of discounts, and amortization of premiums on investments, net | 1,800 | 21,200 | 35,900 |
| Deferred income taxes | 31,900 | 60,200 | 20,900 |
| Income tax benefits from employee stock plans | 0 | 0 | 29,800 |
| Share-based compensation expense | 261,200 | 209,100 | 177,600 |
| Amortization of contract acquisition asset | 10,600 | 10,900 | 10,100 |
| Changes in operating assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | (161,300) | (81,400) | (34,200) |
| Inventory | (279,000) | (115,500) | (46,700) |
| Prepaids and other assets | (77,700) | (38,900) | (39,200) |
| Accounts payable | 16,700 | 14,000 | 15,900 |
| Accrued compensation and employee benefits | 26,200 | 31,200 | 18,700 |
| Deferred revenue | 54,300 | 43,700 | 14,100 |
| Other liabilities | 37,100 | 219,400 | 53,700 |
| Net cash provided by operating activities | 1,169,600 | 1,143,900 | 1,087,000 |
| Investing activities: | |||
| Purchase of investments | (2,581,900) | (1,995,000) | (2,585,500) |
| Proceeds from sales of investments | 274,000 | 1,861,300 | 389,900 |
| Proceeds from maturities of investments | 1,533,600 | 703,100 | 970,100 |
| Purchase of property, plant and equipment, and intellectual property | (187,400) | (190,700) | (53,900) |
| Acquisition of businesses, net of cash | 87,900 | 0 | 0 |
| Net cash provided by (used in) investing activities | (1,049,600) | 378,700 | (1,279,400) |
| Financing activities: | |||
| Proceeds from issuance of common stock relating to employee stock plans | 236,600 | 415,500 | 580,900 |
| Taxes paid related to net share settlement of equity awards | (120,000) | (56,600) | (24,000) |
| Repurchase common stock | 0 | (2,274,000) | (42,500) |
| Other financing activities | 9,700 | 2,000 | 0 |
| Net cash provided by (used in) financing activities | 126,300 | (1,913,100) | 514,400 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (100) | 2,100 | 0 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 246,200 | (388,400) | 322,000 |
| Cash, cash equivalents, and restricted cash, beginning of year | 663,200 | 1,051,600 | |
| Cash, cash equivalents, and restricted cash, end of year | 909,400 | 663,200 | 1,051,600 |
| External Links | |
| INTUITIVE SURGICAL INC (ISRG) Fiscal Year 2018 | |
| 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 |