Intuitive Surgical Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	8,352	7,124	6,222	5,710	4,358
Revenue Growth (YoY)	17.24%	14.49%	8.97%	31.01%	-2.68%
Cost of Revenue	2,718	2,395	2,026	1,752	1,497
Gross Profit	5,634	4,730	4,196	3,959	2,861
Selling, General & Admin	2,119	1,964	1,712	1,467	1,216
Research & Development	1,145	998.8	879	671	595.1
Operating Expenses	3,264	2,963	2,591	2,138	1,811
Operating Income	2,370	1,767	1,605	1,821	1,050
Interest & Investment Income	336.9	195.8	78	80.8	103.5
Currency Exchange Gain (Loss)	-2.7	-3.7	-27.3	-0.9	-1.4
EBT Excluding Unusual Items	2,704	1,959	1,656	1,901	1,152
Gain (Loss) on Sale of Investments	-9.3	-	-21	-10.6	55.1
Legal Settlements	-21.2	-	-28.1	-	-
Pretax Income	2,674	1,959	1,607	1,890	1,207
Income Tax Expense	336.3	141.6	262.4	162.2	140.2
Earnings From Continuing Operations	2,338	1,817	1,344	1,728	1,067
Minority Interest in Earnings	-14.9	-19.3	-22.1	-23.5	-6.2
Net Income	2,323	1,798	1,322	1,705	1,061
Net Income to Common	2,323	1,798	1,322	1,705	1,061
Net Income Growth	29.18%	35.98%	-22.43%	60.72%	-23.11%
Shares Outstanding (Basic)	355	351	356	356	351
Shares Outstanding (Diluted)	362	357	362	366	361
Shares Change (YoY)	1.29%	-1.27%	-1.04%	1.33%	0.73%
EPS (Basic)	6.54	5.12	3.72	4.79	3.02
EPS (Diluted)	6.42	5.03	3.65	4.66	2.94
EPS Growth	27.63%	37.81%	-21.67%	58.50%	-23.64%
Free Cash Flow	1,304	749.6	958.4	1,750	1,143
Free Cash Flow Per Share	3.60	2.10	2.65	4.78	3.17
Gross Margin	67.46%	66.39%	67.44%	69.33%	65.65%
Operating Margin	28.38%	24.80%	25.80%	31.89%	24.09%
Profit Margin	27.81%	25.24%	21.25%	29.85%	24.34%
Free Cash Flow Margin	15.61%	10.52%	15.40%	30.65%	26.23%
EBITDA	2,826	2,169	1,959	2,128	1,321
EBITDA Margin	33.83%	30.45%	31.48%	37.27%	30.30%
D&A For EBITDA	455.7	402.2	353.8	307.4	270.8
EBIT	2,370	1,767	1,605	1,821	1,050
EBIT Margin	28.38%	24.80%	25.80%	31.89%	24.09%
Effective Tax Rate	12.58%	7.23%	16.33%	8.58%	11.62%
Revenue as Reported	8,352	7,124	6,222	5,710	4,358

Updated Jan 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.