Company: ISRG
Filing Date: 2025-01-31
Form Type: 10-K
Source: 0001035267-25-000017
Chunk: 168

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-01-31
Form: 10-K
Item: Item 8
Chunk 168
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)Subtotal379.5 371.6 Allowance for credit loss(2.6)(2.7)Net investment in sales-type leases$376.9 $368.9 Reported as:Prepaids and other current assets$131.4 $137.3 Intangible and other assets, net245.5 231.6 Net investment in sales-type leases$376.9 $368.9 

108

Contractual maturities of gross lease receivables as of December 31, 2024, are as follows (in millions):Fiscal YearAmount2025$139.6 2026109.8 202772.2 202841.7 202924.9 2030 and thereafter5.2 Total$393.4 Operating Leases.  The Company’s fixed-payment or usage-based operating lease terms are generally less than seven years. Future lease payments (excluding non-lease elements and contingent payments related to usage-based arrangements) related to the non-cancellable portion of operating leases as of December 31, 2024, are as follows (in millions):Fiscal YearAmount2025$300.7 2026240.4 2027170.4 2028108.5 202944.8 2030 and thereafter10.2 Total$875.0 Lessee InformationThe Company enters into operating leases primarily for real estate, automobiles, and certain equipment. Operating lease expense was $33.9 million, $26.8 million, and $25.7 million for the years ended December 31, 2024, 2023, and 2022, respectively. For leases with terms of 12 months or less, the related expense was immaterial for each of the years ended December 31, 2024, 2023, and 2022.Supplemental cash flow information for the years ended December 31, 2024, 2023, and 2022 related to operating leases was as follows (in millions):Years Ended December 31,202420232022Cash paid for leases that were included within operating cash outflows$33.2 $30.2 $33.8 Right-of-use assets recognized related to new lease obligations$88.6 $27.8 $34.0 Supplemental balance sheet information related to operating leases, as of December 31, 2024