Intuitive Surgical, Inc. (ISRG)

Intuitive Surgical Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	7,124	6,222	5,710	4,358	4,479
Revenue Growth (YoY)	14.49%	8.97%	31.01%	-2.68%	20.25%
Cost of Revenue	2,395	2,026	1,752	1,497	1,368
Gross Profit	4,730	4,196	3,959	2,861	3,110
Selling, General & Admin	1,964	1,740	1,467	1,216	1,178
Research & Development	998.8	879	671	595.1	557.3
Operating Expenses	2,963	2,619	2,138	1,811	1,736
Operating Income	1,767	1,577	1,821	1,050	1,375
Other Expense / Income	-172.8	-7.6	-45.8	-151	-125.2
Pretax Income	1,940	1,585	1,867	1,201	1,500
Income Tax	141.6	262.4	162.2	140.2	120.4
Net Income	1,798	1,322	1,705	1,061	1,379
Net Income Growth	35.98%	-22.43%	60.72%	-23.11%	22.29%
Shares Outstanding (Basic)	351	356	356	351	346
Shares Outstanding (Diluted)	357	362	366	361	358
Shares Change	-1.27%	-1.04%	1.33%	0.73%	0.56%
EPS (Basic)	5.12	3.72	4.79	3.02	3.98
EPS (Diluted)	5.03	3.65	4.66	2.94	3.85
EPS Growth	37.81%	-21.67%	58.50%	-23.64%	21.72%
Free Cash Flow	749.6	958.4	1,750	1,143	1,173
Free Cash Flow Per Share	2.13	2.69	4.91	3.26	3.39
Gross Margin	66.39%	67.44%	69.32%	65.65%	69.45%
Operating Margin	24.80%	25.35%	31.89%	24.09%	30.69%
Profit Margin	25.24%	21.25%	29.85%	24.33%	30.80%
Free Cash Flow Margin	10.52%	15.40%	30.65%	26.23%	26.18%
Effective Tax Rate	7.30%	16.56%	8.69%	11.68%	8.03%
EBITDA	2,394	1,977	2,199	1,494	1,716
EBITDA Margin	33.61%	31.77%	38.51%	34.28%	38.31%
Depreciation & Amortization	454.8	392.4	332.2	293.3	216.1
EBIT	1,940	1,585	1,867	1,201	1,500
EBIT Margin	27.23%	25.47%	32.69%	27.55%	33.49%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).