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INTUITIVE SURGICAL INC (ISRG)

Income Statement Product | Geographic

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
Revenues:  
    Service        464.8429.0
    Product        1,919.61,702.7
Total revenues   [+]5,710.14,358.44,478.53,724.23,138.22,706.52,384.42,131.7
            Revenue growth   [+]31.0%-2.7%20.3%18.7%16.0%13.5%11.9%-5.9%
Cost of goods sold   [+]1,751.61,497.21,368.31,120.1936.2813.6806.5717.9
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%
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
Other operating expenses  -302.4-186.5-210.6-125.7-65.8   
EBITDA   [+]2,433.61,512.51,788.11,447.91,227.81,041.8829.5619.2
            EBITDA margin  42.6%34.7%39.9%38.9%39.1%38.5%34.8%29.0%
Depreciation  282.8226.4160.0108.686.273.965.152.0
EBITA  2,150.81,286.11,628.11,339.31,141.6967.9764.4567.2
            EBITA margin  37.7%29.5%36.4%36.0%36.4%35.8%32.1%26.6%
Amortization of intangibles  27.449.843.014.212.918.224.422.4
EBIT   [+]2,123.41,236.31,585.11,325.11,128.7949.7740.0544.8
            EBIT margin  37.2%28.4%35.4%35.6%36.0%35.1%31.0%25.6%
Non-recurring items   [+]302.4186.5210.6125.765.8   
Other income (expense), net   [+]69.3157.2127.780.141.935.618.54.2
Pre-tax income  1,890.31,207.01,502.21,279.51,104.8985.3758.5549.0
Income taxes  162.2140.2120.4154.5433.9247.0169.7130.2
            Tax rate  8.6%11.6%8.0%12.1%39.3%25.1%22.4%23.7%
Minority interest  23.56.22.5-2.9-0.4   
Net income  1,704.61,060.61,379.31,127.9671.3738.3588.8418.8
            Net margin  29.9%24.3%30.8%30.3%21.4%27.3%24.7%19.6%
   
Basic EPS   [+]$4.79$3.02$3.98$9.92$6.01$6.43$5.29$11.35
Diluted EPS   [+]$4.66$2.94$3.85$9.49$5.77$6.26$5.18$11.11
   
Shares outstanding (basic)   [+]356.1351.1346.2113.7111.7114.9111.336.9
Shares outstanding (diluted)   [+]365.8361.0358.4118.8116.3117.9113.737.7
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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