Company: ISRG
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0001035267-25-000192
Chunk: 0

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Item 1
Chunk 0
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ITEM 1.         FINANCIAL STATEMENTS

INTUITIVE SURGICAL, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

in millions (except par values)June 30,2025December 31,2024ASSETSCurrent assets:Cash and cash equivalents$3,403.1 $2,027.4 Short-term investments1,923.4 1,985.9 Accounts receivable, net1,269.2 1,225.4 Inventory1,667.0 1,487.2 Prepaids and other current assets483.2 385.1 Total current assets8,745.9 7,111.0 Property, plant, and equipment, net4,985.3 4,646.6 Long-term investments4,206.0 4,819.1 Deferred tax assets1,070.3 1,045.1 Intangible and other assets, net807.0 773.9 Goodwill348.7 347.5 Total assets$20,163.2 $18,743.2 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$266.8 $193.4 Accrued compensation and employee benefits420.8 535.6 Deferred revenue499.9 468.8 Other accrued liabilities505.1 547.5 Total current liabilities1,692.6 1,745.3 Other long-term liabilities517.5 468.3 Total liabilities2,210.1 2,213.6 Contingencies (Note 8)Stockholders’ equity:Preferred stock, 2.5 shares authorized, $0.001 par value, issuable in series; zero shares issued and outstanding as of June 30, 2025, and December 31, 2024— — Common stock, 600.0 shares authorized, $0.001 par value, 358.4 shares and 356.6 shares issued and outstanding as of June 30, 2025, and December 31, 2024, respectively0.4 0.4 Additional paid-in capital10,236.8 9,681.3 Retained earnings7,605.5 6,803.3 Accumulated other comprehensive income (loss)3.