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: 2020 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 10, 2021) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net income | $ 1,066,800 | 1,381,800 | 1,125,000 |
| 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 | 226,400 | 160,000 | 108,600 |
| Amortization of intangible assets | 49,800 | 43,000 | 14,200 |
| Loss (gain) on investments, accretion of discounts, and amortization of premiums on investments, net | (55,100) | (6,000) | 1,800 |
| Deferred income taxes | 57,600 | (8,000) | 31,900 |
| Share-based compensation expense | 395,400 | 335,800 | 261,200 |
| Amortization of contract acquisition assets | 17,100 | 13,100 | 10,600 |
| Changes in operating assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | 5,700 | 38,800 | (161,300) |
| Inventory | (170,100) | (360,500) | (279,000) |
| Prepaids and other assets | (111,800) | (116,900) | (77,700) |
| Accounts payable | (32,300) | 12,300 | 16,700 |
| Accrued compensation and employee benefits | (16,600) | 57,400 | 26,200 |
| Deferred revenue | 15,000 | 35,500 | 54,300 |
| Other liabilities | 36,900 | 11,900 | 37,100 |
| Net cash provided by operating activities | 1,484,800 | 1,598,200 | 1,169,600 |
| Investing activities: | |||
| Purchase of investments | (4,292,900) | (3,346,200) | (2,581,900) |
| Proceeds from sales of investments | 800,700 | 107,300 | 274,000 |
| Proceeds from maturities of investments | 2,930,800 | 2,569,800 | 1,533,600 |
| Purchase of property, plant, and equipment and intellectual property | (341,500) | (425,600) | (187,400) |
| Acquisition of businesses, net of cash | 37,700 | 59,700 | 87,900 |
| Net cash provided by (used in) investing activities | (940,600) | (1,154,400) | (1,049,600) |
| Financing activities: | |||
| Proceeds from issuance of common stock relating to employee stock plans | 308,800 | 272,800 | 236,600 |
| Taxes paid related to net share settlement of equity awards | (175,200) | (159,100) | (120,000) |
| Repurchase of common stock | (134,300) | (269,500) | 0 |
| Capital contribution from noncontrolling interest | 0 | 10,000 | 10,000 |
| Payment of deferred purchase consideration | (85,000) | (22,600) | (300) |
| Net cash provided by (used in) financing activities | (85,700) | (168,400) | 126,300 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (2,600) | (2,200) | (100) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 455,900 | 273,200 | 246,200 |
| Cash, cash equivalents, and restricted cash, beginning of year | 1,182,600 | 909,400 | |
| Cash, cash equivalents, and restricted cash, end of year | 1,638,500 | 1,182,600 | 909,400 |
| External Links | |
| INTUITIVE SURGICAL INC (ISRG) Fiscal Year 2020 | |
| 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 |