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: 2022 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Operating activities: | |||
| Net income | $ 1,344,400 | 1,728,100 | 1,066,800 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and loss on disposal of property, plant, and equipment, net | 338,000 | 282,800 | 226,400 |
| Amortization of intangible assets | 27,800 | 27,400 | 49,800 |
| Gain on sale of business | (3,800) | 0 | 0 |
| Loss (gain) on investments, accretion of discounts, and amortization of premiums on investments, net | 49,000 | 10,600 | (55,100) |
| Deferred income taxes | (185,300) | (62,600) | 57,600 |
| Share-based compensation expense | 513,200 | 449,200 | 395,400 |
| Amortization of contract acquisition assets | 26,600 | 22,000 | 17,100 |
| Changes in operating assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | (159,300) | (142,300) | 5,700 |
| Inventory | (546,600) | (256,000) | (170,100) |
| Prepaids and other assets | (129,200) | (204,900) | (111,800) |
| Accounts payable | 21,300 | 36,000 | (32,300) |
| Accrued compensation and employee benefits | 51,500 | 115,100 | (16,600) |
| Deferred revenue | 21,500 | 32,600 | 15,000 |
| Other liabilities | 121,700 | 51,400 | 36,900 |
| Net cash provided by operating activities | 1,490,800 | 2,089,400 | 1,484,800 |
| Investing activities: | |||
| Purchase of investments | (1,399,500) | (6,452,000) | (4,292,900) |
| Proceeds from sales of investments | 61,100 | 84,900 | 800,700 |
| Proceeds from maturities of investments | 3,254,400 | 4,267,800 | 2,930,800 |
| Purchase of property, plant, and equipment | (532,400) | (339,500) | (341,500) |
| Acquisition of businesses, net of cash, and intellectual property and other investing activities | 12,800 | 22,700 | 37,700 |
| Net cash provided by (used in) investing activities | 1,370,800 | (2,461,500) | (940,600) |
| Financing activities: | |||
| Proceeds from issuance of common stock relating to employee stock plans | 233,800 | 276,500 | 308,800 |
| Taxes paid related to net share settlement of equity awards | (194,200) | (211,600) | (175,200) |
| Repurchase of common stock | (2,607,400) | 0 | (134,300) |
| Payment of deferred purchase consideration | (4,500) | (21,900) | (85,000) |
| Net cash provided by (used in) financing activities | (2,572,300) | 43,000 | (85,700) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 5,400 | (3,400) | (2,600) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 294,700 | (332,500) | 455,900 |
| Cash, cash equivalents, and restricted cash, beginning of year | 1,306,000 | 1,638,500 | |
| Cash, cash equivalents, and restricted cash, end of year | 1,600,700 | 1,306,000 | 1,638,500 |
| External Links | |
| INTUITIVE SURGICAL INC (ISRG) Fiscal Year 2022 | |
| 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 |