Company: ISRG
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001035267-25-000109
Chunk: 0

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-04-23
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)March 31,2025December 31,2024ASSETSCurrent assets:Cash and cash equivalents$2,573.8 $2,027.4 Short-term investments1,937.5 1,985.9 Accounts receivable, net1,221.5 1,225.4 Inventory1,553.6 1,487.2 Prepaids and other current assets371.4 385.1 Total current assets7,657.8 7,111.0 Property, plant, and equipment, net4,799.0 4,646.6 Long-term investments4,589.9 4,819.1 Deferred tax assets1,038.6 1,045.1 Intangible and other assets, net787.6 773.9 Goodwill347.5 347.5 Total assets$19,220.4 $18,743.2 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$276.2 $193.4 Accrued compensation and employee benefits309.7 535.6 Deferred revenue496.3 468.8 Other accrued liabilities455.9 547.5 Total current liabilities1,538.1 1,745.3 Other long-term liabilities474.6 468.3 Total liabilities2,012.7 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 March 31, 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 March 31, 2025, and December 31, 2024, respectively0.4 0.4 Additional paid-in capital9,993.7 9,681.3 Retained earnings7,139.4 6,803.3 Accumulated other comprehensive loss(27.1)(