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INTUITIVE SURGICAL INC (ISRG)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21Mar-31-21
   8-K8-K10-Q10-Q10-K10-Q10-Q10-Q
Revenue:          
Total revenue  1,655.01,557.41,522.11,487.71,550.71,403.31,464.01,292.1
            Total revenue growth  6.7%11.0%4.0%15.1%16.7%30.2%71.8%17.5%
Cost of revenue:          
Total cost of revenue  544.1505.3498.8478.0489.9431.9440.3389.5
    Gross profit  1,110.91,052.11,023.31,009.71,060.8971.41,023.7902.6
            Gross margin  67.1%67.6%67.2%67.9%68.4%69.2%69.9%69.9%
   
Operating expenses:          
Selling, general and administrative  494.3436.1418.4391.1427.0363.3350.2326.0
Research and development  244.1217.1207.3210.5183.4165.5162.3159.8
    Total operating expenses  738.4653.2625.71,264.11,294.0528.8512.51,045.1
    Income from operations  372.5398.9397.6408.1450.4442.6511.2416.8
            Operating margin  22.5%25.6%26.1%27.4%29.0%31.5%34.9%32.3%
Interest and other income, net    9.3-5.73.818.515.032.0
    Income before taxes    406.9402.4  526.2448.8
Income tax expense  58.078.193.333.071.573.93.213.6
    Net income    313.6369.4382.7387.2523.0435.2
Less: net income attributable to noncontrolling interest in joint venture    5.83.82.16.75.88.9
    Net income attributable to Intuitive Surgical, Inc.  336.7324.7307.8365.6380.6380.5517.2426.3
   
Net income per share attributable to Intuitive Surgical, Inc.:          
Basic (in dollars per share)  $0.93$0.91$0.86$1.02$1.07$1.07$1.45$1.20
Diluted (in dollars per share)  $0.91$0.90$0.85$1.00$1.03$1.04$1.42$1.17
   
Shares used in computing net income per share attributable to Intuitive Surgical, Inc.:          
Basic (in shares)  351.1355.3358.1358.4356.1356.8355.7354.2
Diluted (in shares)  357.0360.5363.9366.7365.8366.8364.9364.0
   
Other comprehensive loss, net of tax:          
Change in unrealized gains (losses) on hedge instruments    4.4   -0.1 
Change in unrealized losses on available-for-sale securities    -33.4-90.7  -6.0-10.0
Change in foreign currency translation gains (losses)    -5.53.5  4.4-9.5
   
Change in prior service cost for employee benefit plans          
    Other comprehensive loss          
Total comprehensive income          
Less: comprehensive income attributable to noncontrolling interest    4.84.2 6.65.39.1
    Total comprehensive income attributable to Intuitive Surgical, Inc.    274.3279.1351.1375.5516.1412.8

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