Intuitive Surgical

Health medtech robotics surgical solutions

Intuitive Surgical Inc. is a corporation that manufactures robotic surgical systems, most notably the da Vinci Surgical System. The da Vinci Surgical System is a robotic surgical system controlled by a surgeon from a console. It is commonly used for prostatectomies and increasingly for cardiac valve repair and gynecologic surgical procedures. By providing surgeons with superior visualization, enhanced dexterity, greater precision and ergonomic comfort, the da Vinci Surgical System makes it possible for more surgeons to perform minimally invasive procedures involving complex dissection or reconstruction. For the patient, a da Vinci procedure can offer all the potential benefits of a minimally invasive procedure, including less pain, less blood loss and less need for blood transfusions. Moreover, the da Vinci System can enable a shorter hospital stay, a quicker recovery and faster return to normal daily activities.

Company Growth (employees)

Type

Public

Sunnyvale, US

Founded

1995

Size (employees)

3,755 (est)

Website

intuitivesurgical.com

Intuitive Surgical was founded in 1995 and is headquartered in Sunnyvale, US

Intuitive Surgical Office Locations

Intuitive Surgical has offices in Sunnyvale, Atlanta, Santa Clara, Hampshire and in 4 other locations

Sunnyvale, US (HQ)

1020 Kifer Rd, Ca 94086, Usa

Show all (8)

Intuitive Surgical Data and Metrics

Intuitive Surgical Financial Metrics

Intuitive Surgical's revenue was reported to be $674.2 m in Q1, 2017

Summary

USD

Intuitive Surgical's current market capitalization is $35.6 b.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	2.3 b	2.1 b	2.4 b	2.7 b
Revenue growth, %		(6%)	12%	13%
Cost of goods sold			806.5 m	814.3 m
Gross profit	1.6 b	1.4 b	1.6 b	1.9 b
Gross profit Margin, %	70%	66%	66%	70%
R&D expense				239.6 m
General and administrative expense				705.3 m
Operating expense total	741.7 m	869 m	837.9 m	944.9 m
EBIT	852.5 m	544.8 m	740 m	945.2 m
EBIT margin, %	38%	26%	31%	35%
Interest income			18.5 m	35.6 m
Pre tax profit			758.5 m	980.8 m
Income tax expense			169.7 m	244.9 m
Net Income	671 m	418.8 m	588.8 m	735.9 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	512.2 m	550.1 m	532.1 m	586.1 m	589.7 m	594.5 m	670.1 m	682.9 m	674.2 m
Cost of goods sold	167.8 m	189.5 m	195.3 m	199.6 m	193.9 m	189.5 m	199.2 m	195.9 m	208.1 m
Gross profit	344.4 m	360.6 m	336.8 m	386.5 m	395.8 m	405 m	470.9 m	487 m	466.1 m
Gross profit Margin, %	67%	66%	63%	66%	67%	68%	70%	71%	69%
R&D expense	40.2 m	47.5 m	44.4 m	49.4 m	51 m	53.2 m	54.7 m	62.6 m	73.5 m
General and administrative expense	161.2 m	154 m	162 m	163.3 m	154.9 m	172.8 m	170.8 m	168 m	201.1 m
Operating expense total	201.4 m	201.5 m	206.4 m	212.7 m	205.9 m	226 m	225.5 m	230.6 m	274.6 m
EBIT	143 m	159.1 m	130.4 m	173.8 m	189.9 m	179 m	245.4 m	256.4 m	191.5 m
EBIT margin, %	28%	29%	25%	30%	32%	30%	37%	38%	28%
Interest income	(400 k)	2 m	4.3 m	4.6 m	3.7 m	5.5 m	8 m	10.4 m	8.7 m
Pre tax profit	142.6 m	161.1 m	134.7 m	178.4 m	193.6 m	184.5 m	253.4 m	266.8 m	200.2 m
Income tax expense	38.6 m	37.4 m	37.7 m	43.9 m	26.3 m	48.1 m	68.9 m	55.8 m	20.4 m
Net Income	104 m	123.7 m	97 m	134.5 m	167.3 m	136.4 m	184.5 m	211 m	179.8 m

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	782.1 m	600.3 m	714.6 m	1 b
Inventories	179.6 m	181.7 m	167.9 m	182.3 m
Current Assets	1.9 b	1.8 b	2.2 b	3.3 b
PP&E	309.9 m	387.4 m	432.1 m	458.4 m
Goodwill	137.4 m	198 m	201.1 m	201.1 m
Total Assets	4 b	4 b	4.9 b	6.5 b
Accounts Payable	46.2 m	61.6 m	52.6 m	68.5 m
Current Liabilities	380.9 m	501.2 m	491.9 m	596.5 m
Total Liabilities				709.1 m
Additional Paid-in Capital	2.5 b	2.9 b	3.4 b	4.2 b
Retained Earnings	979.4 m	487.7 m	899.2 m	1.6 b
Total Equity			4.3 b	5.8 b
Financial Leverage			1.1 x	1.1 x

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	507.6 m	493 m	701.1 m	915.4 m	868.2 m	980.5 m	1.2 b	1 b	708.6 m
Accounts Receivable	271.1 m	259.1 m	292.4 m	321.5 m	334.7 m	325.9 m	403.8 m	432 m	412.9 m
Inventories	202.4 m	198.9 m	202.4 m	201.3 m	194 m	163 m	169.2 m	183.5 m	213.5 m
Current Assets	1.5 b	1.6 b	2 b	2.2 b	2.4 b	2.4 b	2.8 b	2.9 b	2.2 b
PP&E	326.7 m	335.4 m	404.7 m	408.6 m	427.3 m	439 m	440.1 m	447.3 m	497.4 m
Goodwill	198 m	198 m	198 m	201.1 m	201.1 m	201.1 m	201.1 m	201.1 m	201.1 m
Total Assets	3.4 b	3.7 b	4.1 b	4.4 b	4.7 b	5.3 b	5.8 b	6.2 b	4.8 b
Accounts Payable	58.9 m	53.6 m	67.9 m	64.7 m	58 m	57.9 m	64.8 m	60.6 m	74 m
Current Liabilities	495.9 m	480.5 m	456.9 m	474.4 m	478.6 m	452.9 m	489.5 m	528.1 m	558.2 m
Additional Paid-in Capital	2.5 b	2.7 b	3 b	3.1 b	3.3 b	3.7 b	4 b	4.1 b	3.9 b
Retained Earnings	312.2 m	341 m	562.3 m	651.3 m	785.7 m	1 b	1.2 b	1.4 b	263.3 m
Total Equity				3.8 b	4.1 b	4.8 b	5.2 b	5.5 b	4.1 b
Financial Leverage				1.1 x	1.1 x	1.1 x	1.1 x	1.1 x	1.2 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	671 m	418.8 m	588.8 m	735.9 m
Depreciation and Amortization	46 m	52 m
Accounts Receivable	68.9 m	(14 m)	(79 m)	(35.9 m)
Inventories	(70 m)	(27 m)	(11 m)	(46.7 m)
Accounts Payable	(8.9 m)	17.7 m	(11.3 m)	15.9 m
Cash From Operating Activities	880 m	665.1 m	771.9 m	1 b
Cash From Investing Activities	259 m	(153.9 m)	(849.5 m)	(1.3 b)
Cash From Financing Activities	(910.6 m)	(692.4 m)	193.4 m	558.5 m
Income Taxes Paid	194.1 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	104 m	123.7 m	97 m	134.5 m	167.3 m	136.4 m	184.5 m	211 m	179.8 m
Accounts Receivable	271.1 m	259.1 m	292.4 m	321.5 m	334.7 m	325.9 m	403.8 m	432 m	412.9 m
Inventories	202.4 m	198.9 m	202.4 m	201.3 m	194 m	163 m	169.2 m	183.5 m	213.5 m
Accounts Payable	58.9 m	53.6 m	67.9 m	64.7 m	58 m	57.9 m	64.8 m	60.6 m	74 m

Ratios

USD	Y, 2017
Revenue/Employee	179.5 k
Financial Leverage	1.2 x

Intuitive Surgical Market Value History

Market Position of Intuitive Surgical

Competitors

Intuitive Surgical

Company Growth (employees)

Intuitive Surgical Office Locations

Intuitive Surgical Data and Metrics

Intuitive Surgical Financial Metrics

Summary

Revenue (Q1, 2017)

Gross profit (Q1, 2017)

Gross profit margin (Q1, 2017), %

Net income (Q1, 2017)

EBIT (Q1, 2017)

Market capitalization (21-Jul-2017)

Cash (31-Mar-2017)

Income Statement

Revenue

Revenue growth, %

Cost of goods sold

Gross profit

Gross profit Margin, %

R&D expense

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest income

Pre tax profit

Income tax expense

Net Income

Revenue

Cost of goods sold

Gross profit

Gross profit Margin, %

R&D expense

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest income

Pre tax profit

Income tax expense

Net Income

Balance Sheet

Cash

Inventories

Current Assets

PP&E

Goodwill

Total Assets

Accounts Payable

Current Liabilities

Total Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash

Accounts Receivable

Inventories

Current Assets

PP&E

Goodwill

Total Assets

Accounts Payable

Current Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash Flow

Net Income

Depreciation and Amortization

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

Cash From Investing Activities

Cash From Financing Activities

Income Taxes Paid

Net Income

Accounts Receivable