Company: ISRG
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001035267-25-000109
Chunk: 2

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 1
Chunk 2
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 adjustments0.1 (0.1)Other comprehensive income24.3 3.1 Total comprehensive income728.0 550.5 Less: comprehensive income attributable to noncontrolling interest5.4 2.1 Total comprehensive income attributable to Intuitive Surgical, Inc.$722.6 $548.4 

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements (Unaudited).

4

INTUITIVE SURGICAL, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED)

Three Months Ended March 31,in millions 20252024Operating activities:Net income$703.7 $547.4 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and loss on disposal of property, plant, and equipment137.5 104.2 Amortization of intangible assets3.4 5.1 Gain on investments, accretion of discounts, and amortization of premiums on investments, net(17.7)(5.9)Deferred income taxes0.1 (7.2)Share-based compensation expense185.2 153.3 Amortization of contract acquisition assets8.7 8.5 Changes in operating assets and liabilities, net of effects of acquisitions:Accounts receivable3.6 2.2 Inventory(211.1)(179.6)Prepaids and other assets(7.8)(4.1)Accounts payable83.1 (7.5)Accrued compensation and employee benefits(226.0)(271.2)Deferred revenue37.0 (4.0)Other liabilities(118.1)(75.8)Net cash provided by operating activities581.6 265.4 Investing activities:Purchase of investments(519.8)(905.9)Proceeds from sales of investments— 100.2 Proceeds from maturities of investments849.9 919.1 Purchase of property, plant, and equipment(116.6)(241.9)Net cash provided by (used in) investing activities213.5 (128.5)Financing activities:Proceeds from issuance of common stock relating to employee stock plans134.3 180.4 Taxes paid related to net share settlement of equity awards(370.1)(226.6)Payment of deferred purchase consideration— (0.