Intuitive Surgical Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-	2,323	1,798	1,322	1,705
Depreciation & Amortization	-	455.7	402.2	353.8	307.4
Other Amortization	-	37.7	33	26.6	22
Loss (Gain) From Sale of Assets	-	5.2	19.6	8.2	2.8
Loss (Gain) From Sale of Investments	-	-43.3	7.3	49	10.6
Stock-Based Compensation	-	676.8	592.8	513.2	449.2
Other Operating Activities	-	-120.4	-261.5	-163.2	-39.1
Change in Accounts Receivable	-	-95.9	-186.3	-159.3	-142.3
Change in Inventory	-	-830	-712.5	-546.6	-256
Change in Accounts Payable	-	-0.4	41.7	21.3	36
Change in Unearned Revenue	-	31.2	53.4	21.5	32.6
Change in Other Net Operating Assets	-	-24.2	26.1	44	-38.4
Operating Cash Flow	-	2,415	1,814	1,491	2,089
Operating Cash Flow Growth	-	33.15%	21.67%	-28.65%	40.72%
Capital Expenditures	-	-1,111	-1,064	-532.4	-339.5
Cash Acquisitions	-	-1	-8.9	-12.8	-22.7
Investment in Securities	-	-2,161	713	1,916	-2,099
Investing Cash Flow	-	-3,273	-360.1	1,371	-2,462
Issuance of Common Stock	-	429.4	296.3	233.8	276.5
Repurchase of Common Stock	-	-270	-581	-2,802	-211.6
Other Financing Activities	-	-8.5	-2.9	-4.5	-21.9
Financing Cash Flow	-	150.9	-287.6	-2,572	43
Foreign Exchange Rate Adjustments	-	-0.8	3.3	5.4	-3.4
Net Cash Flow	-	-707.7	1,169	294.7	-332.5
Free Cash Flow	-	1,304	749.6	958.4	1,750
Free Cash Flow Growth	-	73.93%	-21.79%	-45.23%	53.06%
Free Cash Flow Margin	-	15.61%	10.52%	15.40%	30.65%
Free Cash Flow Per Share	-	3.60	2.10	2.65	4.78
Cash Income Tax Paid	-	466.5	447.8	444.2	180
Levered Free Cash Flow	-	1,197	779.25	1,115	1,611
Unlevered Free Cash Flow	-	1,197	779.25	1,115	1,611
Change in Working Capital	-	-919.3	-777.6	-619.1	-368.1

Source: S&P Global Market Intelligence. Standard template. Financial Sources.