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	2,856	2,323	1,798	1,322	1,705
Depreciation & Amortization	612.5	455.7	402.2	353.8	307.4
Other Amortization	49.9	37.7	33	26.6	22
Loss (Gain) From Sale of Assets	13.7	5.2	19.6	8.2	2.8
Loss (Gain) From Sale of Investments	-57.2	-43.3	7.3	49	10.6
Stock-Based Compensation	788.2	676.8	592.8	513.2	449.2
Other Operating Activities	39.7	-120.4	-261.5	-163.2	-39.1
Change in Accounts Receivable	-301.7	-95.9	-186.3	-159.3	-142.3
Change in Inventory	-1,063	-830	-712.5	-546.6	-256
Change in Accounts Payable	57.9	-0.4	41.7	21.3	36
Change in Unearned Revenue	75.2	31.2	53.4	21.5	32.6
Change in Other Net Operating Assets	-40.3	-24.2	26.1	44	-38.4
Operating Cash Flow	3,031	2,415	1,814	1,491	2,089
Operating Cash Flow Growth	25.49%	33.15%	21.67%	-28.65%	40.72%
Capital Expenditures	-539.8	-1,111	-1,064	-532.4	-339.5
Cash Acquisitions	-13.9	-1	-8.9	-12.8	-22.7
Investment in Securities	1,220	-2,161	713	1,916	-2,099
Investing Cash Flow	665.8	-3,273	-360.1	1,371	-2,462
Issuance of Common Stock	350.3	429.4	296.3	233.8	276.5
Repurchase of Common Stock	-2,714	-270	-581	-2,802	-211.6
Other Financing Activities	-	-8.5	-2.9	-4.5	-21.9
Financing Cash Flow	-2,364	150.9	-287.6	-2,572	43
Foreign Exchange Rate Adjustments	12.8	-0.8	3.3	5.4	-3.4
Net Cash Flow	1,345	-707.7	1,169	294.7	-332.5
Free Cash Flow	2,491	1,304	749.6	958.4	1,750
Free Cash Flow Growth	91.03%	73.93%	-21.79%	-45.23%	53.06%
Free Cash Flow Margin	24.75%	15.61%	10.52%	15.40%	30.65%
Free Cash Flow Per Share	6.87	3.60	2.10	2.65	4.78
Cash Income Tax Paid	537.9	466.5	447.8	444.2	180
Levered Free Cash Flow	2,275	1,184	779.25	1,115	1,611
Unlevered Free Cash Flow	2,275	1,184	779.25	1,115	1,611
Change in Working Capital	-1,272	-919.3	-777.6	-619.1	-368.1

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