Company: ISRG
Filing Date: 2025-01-31
Form Type: 10-K
Source: 0001035267-25-000017
Chunk: 138

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-01-31
Form: 10-K
Item: Item 8
Chunk 138
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.2 Gross profit5,634.2 4,729.5 4,196.0 Operating expenses:Selling, general and administrative2,140.0 1,963.9 1,739.9 Research and development1,145.3 998.8 879.0 Total operating expenses3,285.3 2,962.7 2,618.9 Income from operations2,348.9 1,766.8 1,577.1 Interest and other income, net324.9 192.1 29.7 Income before taxes2,673.8 1,958.9 1,606.8 Income tax expense336.3 141.6 262.4 Net income2,337.5 1,817.3 1,344.4 Less: net income attributable to noncontrolling interest in joint venture14.9 19.3 22.1 Net income attributable to Intuitive Surgical, Inc.$2,322.6 $1,798.0 $1,322.3 Net income per share attributable to Intuitive Surgical, Inc.:Basic$6.54 $5.12 $3.72 Diluted$6.42 $5.03 $3.65 Shares used in computing net income per share attributable to Intuitive Surgical, Inc.:Basic355.2 351.2 355.7 Diluted362.0 357.4 362.0 

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

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Table of ContentsINTUITIVE SURGICAL, INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(IN MILLIONS)

Years Ended December 31,202420232022Net income$2,337.5 $1,817.3 $1,344.4 Other comprehensive income (loss), net of tax:Change in foreign currency translation gains (losses)(53.2)25.7 (0.5)Available-for-sale securities (net of tax):Change in unrealized gains (losses)15.0 124.6 (138.2)Less: Reclassification adjustment for (gains) losses on securities0.1 (0.1)— Net change15.1 124.5 (138.2)Hedge