2012 Q4 Form 10-K Financial Statement

#000103526714000009 Filed on February 03, 2014

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2012 Q2
Revenue $609.3M $537.8M $536.5M
YoY Change 22.64% 20.39% 26.03%
Cost Of Revenue $171.4M $147.7M $150.1M
YoY Change 28.01% 21.86% 26.03%
Gross Profit $437.9M $390.1M $386.4M
YoY Change 20.67% 19.85% 26.03%
Gross Profit Margin 71.87% 72.54% 72.02%
Selling, General & Admin $148.1M $129.0M $120.9M
YoY Change 21.39% 16.01% 13.52%
% of Gross Profit 33.82% 33.07% 31.29%
Research & Development $41.70M $49.70M $40.20M
YoY Change 0.72% 40.4% 25.63%
% of Gross Profit 9.52% 12.74% 10.4%
Depreciation & Amortization $15.40M $15.20M $13.90M
YoY Change 23.2% 32.17% 24.11%
% of Gross Profit 3.52% 3.9% 3.6%
Operating Expenses $189.8M $178.7M $161.1M
YoY Change 16.16% 21.9% 16.32%
Operating Profit $248.1M $211.4M $225.3M
YoY Change 24.36% 18.17% 34.03%
Interest Expense $3.700M $4.300M $4.000M
YoY Change 2.78% 126.32% -2.44%
% of Operating Profit 1.49% 2.03% 1.78%
Other Income/Expense, Net $4.300M $4.000M
YoY Change 126.32% -2.44%
Pretax Income $251.8M $215.7M $229.3M
YoY Change 23.98% 19.3% 33.16%
Income Tax $76.90M $32.40M $74.40M
% Of Pretax Income 30.54% 15.02% 32.45%
Net Earnings $174.9M $183.3M $154.9M
YoY Change 15.67% 49.75% 31.94%
Net Earnings / Revenue 28.71% 34.08% 28.87%
Basic Earnings Per Share $4.37 $4.59 $3.88
Diluted Earnings Per Share $4.25 $4.46 $3.75
COMMON SHARES
Basic Shares Outstanding 39.76M shares 39.90M shares 39.90M shares
Diluted Shares Outstanding 41.10M shares 41.30M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.324B $1.141B $1.213B
YoY Change 28.67% 25.25% 22.03%
Cash & Equivalents $553.7M $396.2M $484.4M
Short-Term Investments $771.0M $745.0M $728.0M
Other Short-Term Assets $76.00M $50.00M $48.00M
YoY Change 181.48% 78.57% 128.57%
Inventory $121.5M $125.8M $119.4M
Prepaid Expenses
Receivables $370.3M $336.2M $323.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.893B $1.653B $1.703B
YoY Change 29.09% 26.0% 24.78%
LONG-TERM ASSETS
Property, Plant & Equipment $241.8M $223.4M $216.1M
YoY Change 22.62% 13.98% 11.39%
Goodwill $138.1M $138.1M $138.1M
YoY Change 18.14%
Intangibles
YoY Change
Long-Term Investments $1.596B $1.560B $1.419B
YoY Change 39.63% 59.67% 71.38%
Other Assets $87.00M $88.00M $75.00M
YoY Change 26.09% 27.54% -2.6%
Total Long-Term Assets $2.166B $2.079B $1.923B
YoY Change 35.67% 44.99% 49.63%
TOTAL ASSETS
Total Short-Term Assets $1.893B $1.653B $1.703B
Total Long-Term Assets $2.166B $2.079B $1.923B
Total Assets $4.059B $3.732B $3.626B
YoY Change 32.52% 35.91% 36.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $57.60M $56.10M $54.60M
YoY Change 25.76% 30.47% 43.68%
Accrued Expenses $54.30M $137.0M $124.0M
YoY Change -55.12% 41.24% 21.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $401.6M $364.9M $346.8M
YoY Change 25.27% 28.49% 26.57%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $77.50M $73.80M $96.90M
YoY Change -20.02% -20.65% 11.38%
Total Long-Term Liabilities $77.50M $73.80M $96.90M
YoY Change -20.02% -20.65% 11.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $401.6M $364.9M $346.8M
Total Long-Term Liabilities $77.50M $73.80M $96.90M
Total Liabilities $479.1M $438.7M $443.7M
YoY Change 14.75% 16.37% 22.91%
SHAREHOLDERS EQUITY
Retained Earnings $1.333B $1.209B $1.186B
YoY Change 47.84%
Common Stock $2.240B $2.079B $1.993B
YoY Change 28.53%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.580B $3.294B $3.182B
YoY Change
Total Liabilities & Shareholders Equity $4.059B $3.732B $3.626B
YoY Change 32.52% 35.91% 36.83%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income $174.9M $183.3M $154.9M
YoY Change 15.67% 49.75% 31.94%
Depreciation, Depletion And Amortization $15.40M $15.20M $13.90M
YoY Change 23.2% 32.17% 24.11%
Cash From Operating Activities $226.8M $211.6M $210.8M
YoY Change 6.13% 34.26% 4.93%
INVESTING ACTIVITIES
Capital Expenditures -$98.30M $12.90M -$8.100M
YoY Change 546.71% -188.97% -78.96%
Acquisitions
YoY Change
Other Investing Activities -$44.40M -$190.8M -$108.8M
YoY Change -63.96% 22.07% -18.5%
Cash From Investing Activities -$142.7M -$177.9M -$116.9M
YoY Change 3.11% 4.16% -32.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $169.8M $15.20M
YoY Change -6.24% -89.07%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 73.10M -121.9M 64.90M
YoY Change -21.31% 73.65% -167.11%
NET CHANGE
Cash From Operating Activities 226.8M 211.6M 210.8M
Cash From Investing Activities -142.7M -177.9M -116.9M
Cash From Financing Activities 73.10M -121.9M 64.90M
Net Change In Cash 157.2M -88.20M 158.8M
YoY Change -6.54% 5.76% -334.22%
FREE CASH FLOW
Cash From Operating Activities $226.8M $211.6M $210.8M
Capital Expenditures -$98.30M $12.90M -$8.100M
Free Cash Flow $325.1M $198.7M $218.9M
YoY Change 42.03% 15.46% -8.56%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentrations of Credit Risk and Other Risks and Uncertainties</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The carrying amounts for financial instruments consisting of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate fair value due to their short maturities. Marketable securities and derivative instruments are stated at their estimated fair values, based on quoted market prices for the same or similar instruments. The counterparties to the agreements relating to the Company&#8217;s investment securities and derivative instruments consist of various major corporations, financial institutions, municipalities and government agencies of high credit standing. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s accounts receivable are derived from net revenue to customers and distributors located throughout the world. The Company performs credit evaluations of its customers&#8217; financial condition and, generally, requires no collateral from its customers. The Company provides reserves for potential credit losses but has not experienced significant losses to date.</font></div></div>
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DESCRIPTION OF THE BUSINESS</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Intuitive Surgical, Inc. designs, manufactures, and markets </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">da Vinci</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> Surgical Systems and related instruments and accessories, which taken together, are advanced surgical systems that the Company considers an advanced generation of surgery. This advanced generation of surgery, which the Company calls </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">da Vinci</font><font style="font-family:inherit;font-size:10pt;"> surgery, combines the benefits of minimally invasive surgery (&#8220;MIS&#8221;) for patients with the ease of use, precision and dexterity of open surgery. A </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">da Vinci</font><font style="font-family:inherit;font-size:10pt;"> Surgical System consists of a surgeon&#8217;s console, a patient-side cart and a high performance vision system. The </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">da Vinci</font><font style="font-family:inherit;font-size:10pt;"> Surgical System translates a surgeon&#8217;s natural hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions, or ports. The </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">da Vinci</font><font style="font-family:inherit;font-size:10pt;"> Surgical System is designed to provide its operating surgeons with intuitive control, range of motion, fine tissue manipulation capability and Three Dimensional (&#8220;3-D&#8221;), High-Definition (&#8220;HD&#8221;) vision while simultaneously allowing surgeons to work through the small ports enabled by MIS procedures.</font></div></div>
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880000000 USD
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677600000 USD
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CY2013 us-gaap Net Income Loss
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CY2013Q2 us-gaap Net Income Loss
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CY2013Q3 us-gaap Net Income Loss
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14900000 USD
CY2012 us-gaap Nonoperating Income Expense
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15800000 USD
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CY2011 us-gaap Operating Income Loss
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CY2013 us-gaap Operating Income Loss
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CY2012 us-gaap Operating Income Loss
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300000 USD
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CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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1800000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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3400000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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0 USD
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44600000 USD
CY2013Q4 us-gaap Other Accrued Liabilities Current
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52800000 USD
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3500000 USD
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800000 USD
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600000 USD
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0 USD
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5000000 USD
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1400000 USD
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CY2012 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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5100000 USD
CY2013 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-4500000 USD
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4500000 USD
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0 USD
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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0 USD
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0 USD
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600000 USD
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CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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0 USD
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0 USD
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5700000 USD
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600000 USD
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1600000 USD
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700000 USD
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500000 USD
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104600000 USD
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141800000 USD
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2500000.0 shares
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0 shares
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0 shares
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0 shares
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160600000 USD
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800200000 USD
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691800000 USD
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822400000 USD
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984900000 USD
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263300000 USD
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160600000 USD
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260600000 USD
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1
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1900000 shares
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1600000 shares
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1600000 shares
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2500000 shares
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268.31
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200000 shares
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1500000 shares
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311200000 USD
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5600000 shares
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4800000 shares
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340.83
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380.71
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310800000 USD
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5400000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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4800000 shares
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378.80
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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340.83
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250.17
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456.64
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471.33
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3300000 shares
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5600000 shares
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293300000 USD
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y1M28D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y1M20D
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324.60
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380.71
CY2013 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P7Y2M
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500000 shares
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263300000 USD
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
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160600000 USD
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400000000 USD
CY2013Q1 us-gaap Stock Repurchase Program Authorized Amount
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1000000000 USD
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779000000 USD
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500000000 USD
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1000000000 USD
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331800000 USD
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CY2012 us-gaap Stock Repurchased And Retired During Period Value
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2600000 shares
CY2011 us-gaap Stock Repurchased During Period Shares
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1000000 shares
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400000 shares
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CY2012Q4 us-gaap Stockholders Equity
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CY2011Q4 us-gaap Stockholders Equity
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CY2010Q4 us-gaap Stockholders Equity
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2037400000 USD
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5800000 USD
CY2013Q4 us-gaap Taxes Payable Current
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5100000 USD
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707900000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
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74000000 USD
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98100000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
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88000000 USD
CY2010Q4 us-gaap Unrecognized Tax Benefits
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78900000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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8300000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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1500000 USD
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0 USD
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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6000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3200000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
7900000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3400000 USD
CY2013 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
200000 USD
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
18100000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
17500000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
22800000 USD
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1100000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
12900000 USD
CY2013 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-14000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
29300000 USD
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
32200000 USD
CY2011 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
35300000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
74000000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
93800000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
83800000 USD
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying Notes to the Consolidated Financial Statements. The accounting estimates that require management&#8217;s most significant, difficult and subjective judgments include the valuation and recognition of investments, the valuation of the revenue and allowance for sales returns and doubtful accounts, the estimation of hedging transactions, the valuation of inventory, the assessment of recoverability of intangible assets and their estimated useful lives, the valuation and recognition of share-based compensation and the recognition and measurement of current and deferred income tax assets and liabilities. Actual results could differ materially from these estimates. </font></div></div>
CY2010Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
4800000 USD
CY2011Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
5600000 USD
CY2013Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
5800000 USD
CY2012Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
8000000 USD
CY2013 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
14100000 USD
CY2012 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
15000000 USD
CY2011 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
12300000 USD
CY2013 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
16300000 USD
CY2011 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
11500000 USD
CY2012 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
12600000 USD
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1300000 shares
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
900000 shares
CY2011 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1000000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40100000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41100000 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40200000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39800000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39200000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39200000 shares
CY2013 isrg Aggregate Reduction In Common Stock During Stock Repurchases
AggregateReductionInCommonStockDuringStockRepurchases
84200000 USD
CY2012 isrg Aggregate Reduction In Common Stock During Stock Repurchases
AggregateReductionInCommonStockDuringStockRepurchases
13200000 USD
CY2011 isrg Aggregate Reduction In Common Stock During Stock Repurchases
AggregateReductionInCommonStockDuringStockRepurchases
19700000 USD
CY2013 isrg Amount Charged To Retained Earnings During Stock Repurchases
AmountChargedToRetainedEarningsDuringStockRepurchases
1025000000 USD
CY2011 isrg Amount Charged To Retained Earnings During Stock Repurchases
AmountChargedToRetainedEarningsDuringStockRepurchases
312100000 USD
CY2012 isrg Amount Charged To Retained Earnings During Stock Repurchases
AmountChargedToRetainedEarningsDuringStockRepurchases
225100000 USD
CY2013Q4 isrg Availableforsale Securities Continuous Unrealized Loss Position12 Monthsor Longer Aggregate Losses Accumulatedin Investments
AvailableforsaleSecuritiesContinuousUnrealizedLossPosition12MonthsorLongerAggregateLossesAccumulatedinInvestments
600000 USD
CY2012Q4 isrg Availableforsale Securities Continuous Unrealized Loss Position12 Monthsor Longer Aggregate Losses Accumulatedin Investments
AvailableforsaleSecuritiesContinuousUnrealizedLossPosition12MonthsorLongerAggregateLossesAccumulatedinInvestments
800000 USD
CY2013Q4 isrg Availableforsale Securities Continuous Unrealized Loss Position Aggregate Losses Accumulatedin Investments
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedinInvestments
3700000 USD
CY2012Q4 isrg Availableforsale Securities Continuous Unrealized Loss Position Aggregate Losses Accumulatedin Investments
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedinInvestments
1200000 USD
CY2013Q4 isrg Availableforsale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Accumulated In Investments
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesAccumulatedInInvestments
3100000 USD
CY2012Q4 isrg Availableforsale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Accumulated In Investments
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesAccumulatedInInvestments
400000 USD
CY2013Q4 isrg Availableforsale Securities Gross Unrealized Gain Accumulatedin Investments
AvailableforsaleSecuritiesGrossUnrealizedGainAccumulatedinInvestments
5300000 USD
CY2012Q4 isrg Availableforsale Securities Gross Unrealized Gain Accumulatedin Investments
AvailableforsaleSecuritiesGrossUnrealizedGainAccumulatedinInvestments
10200000 USD
CY2013Q4 isrg Availableforsale Securities Gross Unrealized Loss Accumulatedin Investments
AvailableforsaleSecuritiesGrossUnrealizedLossAccumulatedinInvestments
3700000 USD
CY2012Q4 isrg Availableforsale Securities Gross Unrealized Loss Accumulatedin Investments
AvailableforsaleSecuritiesGrossUnrealizedLossAccumulatedinInvestments
1200000 USD
CY2012 isrg Average Purchase Price Of Share Under Repurchase Program
AveragePurchasePriceOfShareUnderRepurchaseProgram
503.05
CY2011 isrg Average Purchase Price Of Share Under Repurchase Program
AveragePurchasePriceOfShareUnderRepurchaseProgram
344.72
CY2013 isrg Average Purchase Price Of Share Under Repurchase Program
AveragePurchasePriceOfShareUnderRepurchaseProgram
429.09
CY2013Q4 isrg Closing Stock Price Of Company Stock
ClosingStockPriceOfCompanyStock
384.08 USD
CY2013Q4 isrg Computer And Office Equipment
ComputerAndOfficeEquipment
27100000 USD
CY2012Q4 isrg Computer And Office Equipment
ComputerAndOfficeEquipment
19200000 USD
CY2013 isrg Income Tax Examination Minimum Likelihood Of Tax Benefits Being Realized Upon Settlement
IncomeTaxExaminationMinimumLikelihoodOfTaxBenefitsBeingRealizedUponSettlement
0.5
CY2012Q4 isrg Income Tax Expense Benefit Discrete Item Resultingfrom Domestic Production Deduction
IncomeTaxExpenseBenefitDiscreteItemResultingfromDomesticProductionDeduction
0 USD
CY2012Q1 isrg Income Tax Expense Benefit Discrete Item Resultingfrom Domestic Production Deduction
IncomeTaxExpenseBenefitDiscreteItemResultingfromDomesticProductionDeduction
8500000 USD
CY2012Q2 isrg Income Tax Expense Benefit Discrete Item Resultingfrom Domestic Production Deduction
IncomeTaxExpenseBenefitDiscreteItemResultingfromDomesticProductionDeduction
0 USD
CY2012Q3 isrg Income Tax Expense Benefit Discrete Item Resultingfrom Domestic Production Deduction
IncomeTaxExpenseBenefitDiscreteItemResultingfromDomesticProductionDeduction
0 USD
CY2013Q3 isrg Income Tax Expense Benefit Discrete Item Resultingfrom Federal Researchand Development Tax Credit
IncomeTaxExpenseBenefitDiscreteItemResultingfromFederalResearchandDevelopmentTaxCredit
0 USD
CY2013Q4 isrg Income Tax Expense Benefit Discrete Item Resultingfrom Federal Researchand Development Tax Credit
IncomeTaxExpenseBenefitDiscreteItemResultingfromFederalResearchandDevelopmentTaxCredit
700000 USD
CY2013Q2 isrg Income Tax Expense Benefit Discrete Item Resultingfrom Federal Researchand Development Tax Credit
IncomeTaxExpenseBenefitDiscreteItemResultingfromFederalResearchandDevelopmentTaxCredit
0 USD
CY2013Q1 isrg Income Tax Expense Benefit Discrete Item Resultingfrom Federal Researchand Development Tax Credit
IncomeTaxExpenseBenefitDiscreteItemResultingfromFederalResearchandDevelopmentTaxCredit
7500000 USD
CY2012Q1 isrg Income Tax Expense Benefit Discrete Item Resultingfrom Lapseof Applicable Statuteof Limitations
IncomeTaxExpenseBenefitDiscreteItemResultingfromLapseofApplicableStatuteofLimitations
0 USD
CY2012Q3 isrg Income Tax Expense Benefit Discrete Item Resultingfrom Lapseof Applicable Statuteof Limitations
IncomeTaxExpenseBenefitDiscreteItemResultingfromLapseofApplicableStatuteofLimitations
38000000 USD
CY2013Q1 isrg Income Tax Expense Benefit Discrete Item Resultingfrom Lapseof Applicable Statuteof Limitations
IncomeTaxExpenseBenefitDiscreteItemResultingfromLapseofApplicableStatuteofLimitations
0 USD
CY2012Q2 isrg Income Tax Expense Benefit Discrete Item Resultingfrom Lapseof Applicable Statuteof Limitations
IncomeTaxExpenseBenefitDiscreteItemResultingfromLapseofApplicableStatuteofLimitations
0 USD
CY2012Q4 isrg Income Tax Expense Benefit Discrete Item Resultingfrom Lapseof Applicable Statuteof Limitations
IncomeTaxExpenseBenefitDiscreteItemResultingfromLapseofApplicableStatuteofLimitations
0 USD
CY2013Q3 isrg Income Tax Expense Benefit Discrete Item Resultingfrom Lapseof Applicable Statuteof Limitations
IncomeTaxExpenseBenefitDiscreteItemResultingfromLapseofApplicableStatuteofLimitations
26200000 USD
CY2013Q4 isrg Income Tax Expense Benefit Discrete Item Resultingfrom Lapseof Applicable Statuteof Limitations
IncomeTaxExpenseBenefitDiscreteItemResultingfromLapseofApplicableStatuteofLimitations
500000 USD
CY2013Q2 isrg Income Tax Expense Benefit Discrete Item Resultingfrom Lapseof Applicable Statuteof Limitations
IncomeTaxExpenseBenefitDiscreteItemResultingfromLapseofApplicableStatuteofLimitations
0 USD
CY2013 isrg Income Tax Reconciliation Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
IncomeTaxReconciliationUnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
26700000 USD
CY2012 isrg Income Tax Reconciliation Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
IncomeTaxReconciliationUnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
46500000 USD
CY2011 isrg Income Tax Reconciliation Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
IncomeTaxReconciliationUnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2012Q4 isrg Intangible And Other Assets
IntangibleAndOtherAssets
103400000 USD
CY2013Q4 isrg Intangible And Other Assets
IntangibleAndOtherAssets
94100000 USD
CY2013 isrg Operating Lease Maximum Term
OperatingLeaseMaximumTerm
P3Y
CY2013 isrg Realized Gains Losses On Investments
RealizedGainsLossesOnInvestments
600000 USD
CY2012 isrg Realized Gains Losses On Investments
RealizedGainsLossesOnInvestments
-100000 USD
CY2011 isrg Realized Gains Losses On Investments
RealizedGainsLossesOnInvestments
1600000 USD
CY2013 isrg Share Based Compensation Arrangement By Share Based Payment Award Options Additional Shares Authorized Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalSharesAuthorizedWeightedAverageExercisePrice
0.00
CY2013 isrg Share Based Compensation Arrangement By Share Based Payment Award Options Available For Grant Additional Shares Authorized In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAvailableForGrantAdditionalSharesAuthorizedInPeriod
0 shares
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001035267
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
38171349 shares
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
19977428381 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
INTUITIVE SURGICAL INC
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2013 dei Trading Symbol
TradingSymbol
ISRG
CY2012Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
20000000
CY2013Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
59000000
CY2012Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
4400000000
CY2013Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
4400000000

Files In Submission

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0001035267-14-000009-index-headers.html Edgar Link pending
0001035267-14-000009-index.html Edgar Link pending
0001035267-14-000009.txt Edgar Link pending
0001035267-14-000009-xbrl.zip Edgar Link pending
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Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
isrg-20131231.xml Edgar Link completed
isrg-20131231.xsd Edgar Link pending
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