Company: ISRG
Filing Date: 2025-01-31
Form Type: 10-K
Source: 0001035267-25-000017
Chunk: 103

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-01-31
Form: 10-K
Item: Item 8
Chunk 103
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(7.7)(262.3)— (270.0)— (270.0)Share-based compensation expense related to employee stock plans— — 683.2 — — 683.2 — 683.2 Net income attributable to Intuitive Surgical, Inc.— — — 2,322.6 — 2,322.6 — 2,322.6 Other comprehensive income (loss)— — — — (39.1)(39.1)(0.7)(39.8)Cash dividends declared and paid by joint venture— — — — — — (8.0)(8.0)Net income attributable to noncontrolling interest in joint venture— — — — — — 14.9 14.9 Balances as of December 31, 2024356.6 $0.4 $9,681.3 $6,803.3 $(51.3)$16,433.7 $95.9 $16,529.6 

The accompanying notes are an integral part of these Consolidated Financial Statements.

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Table of ContentsINTUITIVE SURGICAL, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(IN MILLIONS)

Years Ended December 31,202420232022Operating activities:Net income$2,337.5 $1,817.3 $1,344.4 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and loss on disposal of property, plant, and equipment, net445.3 401.6 338.0 Amortization of intangible assets16.7 20.2 27.8 Gain on sale of business(1.1)— (3.8)(Gain) loss on investments and (accretion) amortization of investment discounts and premiums, net(43.3)7.3 49.0 Deferred income taxes(135.3)(280.8)(185.3)Share-based compensation expense676.8 592.8 513.2 Amortization of contract acquisition assets37.7 33.0 26.6Changes in operating assets and liabilities, net of effects of acquisitions:Accounts receivable(95.9)(186.3)(159.3)Inventory(830.0)(712.