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INTUITIVE SURGICAL INC (ISRG)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenue:          
Total revenue  5,710.14,358.44,478.53,724.23,138.22,706.52,384.42,131.7
            Total revenue growth  31.0%-2.7%20.3%18.7%16.0%13.5%11.9%-5.9%
Cost of revenue:          
Total cost of revenue  1,751.61,497.21,368.31,120.1936.2813.6  
    Gross profit  3,958.52,861.23,110.22,604.12,202.01,892.91,577.91,413.8
            Gross margin  69.3%65.6%69.4%69.9%70.2%69.9%66.2%66.3%
   
Operating expenses:          
Selling, general and administrative  1,466.51,216.31,178.4986.6810.5703.6640.5691.0
Research and development  671.0595.1557.3418.1328.6239.6197.4178.0
    Total operating expenses  4,577.43,809.33,682.02,935.12,344.0943.2837.9869.0
    Income from operations  1,821.01,049.81,374.51,199.41,062.9949.7740.0544.8
            Operating margin  31.9%24.1%30.7%32.2%33.9%35.1%31.0%25.6%
Interest and other income, net  69.3157.2127.780.141.935.618.54.2
    Income before taxes  1,890.31,207.01,502.2     
Income tax expense  162.2140.2120.4154.5433.9247.0169.7130.2
    Net income  1,728.11,066.81,381.81,125.0670.9738.3  
Less: net income attributable to noncontrolling interest in joint venture  23.56.22.5-2.9-0.4   
    Net income attributable to Intuitive Surgical, Inc.  1,704.61,060.61,379.31,127.9670.9738.3588.8418.8
   
Net income per share attributable to Intuitive Surgical, Inc.:          
Basic (in dollars per share)  $4.79$3.02$3.98$9.92$6.01$6.43$5.29$11.35
Diluted (in dollars per share)  $4.66$2.94$3.85$9.49$5.77$6.26$5.18$11.11
   
Shares used in computing net income per share attributable to Intuitive Surgical, Inc.:          
Basic (in shares)  356.1351.1346.2113.7111.7114.9111.336.9
Diluted (in shares)  365.8361.0358.4118.8116.3117.9113.737.7
   
Other comprehensive loss, net of tax:          
   
Change in prior service cost for employee benefit plans          
    Other comprehensive loss          
Total comprehensive income          
    Total comprehensive income attributable to Intuitive Surgical, Inc.  1,655.51,073.11,405.01,130.1664.3738.9584.4411.6

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