Company: ISRG
Filing Date: 2025-01-31
Form Type: 10-K
Source: 0001035267-25-000017
Chunk: 136

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-01-31
Form: 10-K
Item: Item 8
Chunk 136
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 judgment by management when determining estimates of standalone selling prices, which in turn led to a high degree of auditor judgment, subjectivity, and effort in performing procedures and evaluating audit evidence relating to the estimates of standalone selling prices used to allocate the transaction price of an arrangement to each distinct performance obligation.

Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls over the revenue recognition process, including controls over the determination of the estimates of standalone selling prices. These procedures also included, among others, (i) testing management’s process for determining the estimates of standalone selling prices; (ii) evaluating the appropriateness of the overall methodology used by management to develop the estimates, including the appropriateness of the data inputs related to the products and services, geographies, and type of customer used in the methodology; (iii) testing the completeness and accuracy of the data used in the methodology; and (iv) testing the accuracy of management’s calculations of estimated selling prices.

/s/ PricewaterhouseCoopers LLP

San Jose, California

January 31, 2025

We have served as the Company’s auditor since 2014.

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Table of Contents INTUITIVE SURGICAL, INC.CONSOLIDATED BALANCE SHEETS(IN MILLIONS, EXCEPT PAR VALUE AMOUNTS)

December 31,20242023ASSETSCurrent assets:Cash and cash equivalents$2,027.4 $2,750.1 Short-term investments1,985.9 2,473.1 Accounts receivable, net of allowances of $30.7 and $27.1 as of December 31, 2024, and 2023, respectively1,225.4 1,130.2 Inventory1,487.2 1,220.6 Prepaids and other current assets385.1 314.0 Total current assets7,111.0 7,888.0 Property, plant, and equipment, net4,646.6 3,537.6 Long-term investments4,819.1 2,120.0 Deferred tax assets1,045.1 910.5 Intangible and other assets, net773.9 636.7 Goodwill347.5 348.7 Total assets$18,743.2 $15,441.5 LIABILITIES AND STOCKHOLD