Intuitive Surgical, Inc. ISRG Cash Flow

Intuitive surgical, inc. (ISRG)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Operating activities:
Net income
316,200	362,700	398,700	316,400	304,000	291,300	291,800	254,600	287,300	-31,500	298,600	223,000	180,800	206,400	211,000	184,500	136,400	190,000	167,300	134,500	97,000	146,800	123,700	104,000	44,300	166,200	156,800	159,100	188,900	174,900	183,300	154,900	143,500	151,200	122,400	117,400	104,100	121,200	86,600	88,700	85,300	77,600	64,500	62,400	28,100
Depreciation and loss on disposal of property, plant, and equipment
51,100	52,000	40,200	36,200	31,600	31,800	27,000	26,100	23,700	24,800	21,800	20,600	19,000	19,900	18,000	17,700	18,300	18,800	17,400	14,900	14,000	13,800	13,400	12,500	12,300	13,400	11,300	10,900	10,400	9,500	10,000	7,700	7,500	7,800	7,100	6,900	6,900	6,300	6,000	5,800	5,600	4,800	5,100	4,900	4,200
Amortization of intangible assets
12,300	11,800	10,700	10,500	10,000	4,500	4,000	3,100	2,600	2,800	3,100	3,300	3,700	4,200	4,300	4,600	5,100	5,800	6,200	6,200	6,200	6,500	6,500	4,700	4,700	4,700	5,300	5,700	5,600	5,900	5,200	6,200	5,800	4,700	4,400	4,300	4,400	4,500	4,300	4,000	3,900	3,900	3,800	4,100	3,800
Loss (gain) on investments, accretion, and amortization, net
-200	-600	5,000	400	1,200	1,400	1,500	0	-4,700	-4,400	-5,400	-5,300	-6,100	-9,600	-8,900	-9,100	-8,300	-7,900	-6,800	-6,300	-5,400	-10,100	-5,500	-10,200	-8,100	-8,200	-8,400	-10,400	-9,800	-9,300	-8,600	-8,200	-7,000	-6,600	-6,000	-15,100	5,100	-	-	-	-	-	-	-	-
Deferred income taxes
64,500	16,300	-61,000	19,800	32,900	-84,200	3,600	11,300	37,400	-91,600	-4,100	5,000	30,500	-52,600	-4,100	6,900	28,900	-7,400	7,500	-6,800	2,100	75,200	6,800	-13,800	-33,200	72,300	-18,100	-6,200	-9,500	40,100	-13,200	-4,700	-1,400	-15,300	7,400	-7,400	8,200	-9,700	-12,200	-4,600	5,000	-100	-7,100	-5,900	-2,500
Income tax benefits from employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	4,200	7,300	7,500	10,800	-2,700	6,900	9,100	8,200	6,200	6,800	-1,200	2,100	4,800	3,900	5,900	19,900	39,100	10,100	24,500	20,200	12,400	15,100	9,500	11,600	8,400	8,800	13,400	27,300	14,900	8,000	700	0
Excess tax benefit from employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,900	11,100	10,200	8,800	9,100	1,800	4,300	6,900	4,600	5,900	20,600	39,500	10,000	24,500	20,200	13,900	20,500	10,700	13,700	8,900	9,400	14,700	32,200	15,900	8,200	1,000	0
Share-based compensation expense
90,600	89,200	88,900	81,600	76,100	70,400	70,000	63,300	57,500	55,600	55,700	50,400	47,400	45,500	46,800	42,600	42,700	41,300	44,200	41,300	41,100	41,100	45,100	41,900	40,800	41,600	50,400	38,700	38,200	38,300	47,300	33,300	34,400	34,600	34,900	34,800	32,100	30,100	30,400	30,300	26,800	25,100	24,500	24,700	22,700
Amortization of contract acquisition assets
4,100	3,900	3,300	3,100	2,800	2,700	2,600	2,600	2,700	2,700	2,700	2,800	2,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of effects of acquisition:
Accounts receivable
-118,200	11,800	-1,700	85,700	-134,600	96,100	47,900	50,300	-33,000	42,700	-12,700	67,900	-16,500	-3,500	28,300	77,800	-68,400	59,500	13,300	29,100	-22,700	56,100	-12,100	32,100	-62,400	20,800	-78,000	13,600	-25,300	34,100	12,900	23,500	-1,600	32,900	14,700	-9,600	13,100	39,100	13,100	14,500	-25,200	18,900	11,300	35,900	-30,800
Inventory
65,200	67,100	115,400	84,000	94,000	73,200	71,900	67,700	66,200	32,800	24,400	19,300	39,000	5,900	21,300	11,700	7,800	-20,000	-3,100	5,900	27,900	-13,700	1,600	18,500	20,400	-17,900	34,700	37,400	15,800	-13,900	8,800	6,200	6,000	3,500	8,500	6,800	6,500	1,800	11,000	5,500	10,900	900	-2,600	-5,100	900
Prepaids and other assets
131,900	21,800	5,900	26,500	62,700	-11,600	-13,100	81,800	20,600	21,100	-30,100	50,700	-2,800	20,200	4,500	-35,400	49,900	-30,600	59,300	-9,000	-9,200	-1,800	49,600	-5,300	25,100	14,700	6,400	2,400	-18,500	31,600	1,100	1,000	3,400	1,800	4,500	-15,200	18,300	-1,400	1,100	-21,400	20,600	-600	2,900	2,600	1,400
Accounts payable
21,900	-12,400	3,000	-1,300	23,000	3,300	-900	5,900	8,400	2,100	6,200	200	5,500	9,500	-6,600	7,700	5,300	-2,900	-7,000	-4,100	2,700	9,500	-5,900	3,800	10,300	-13,300	-5,300	-600	10,300	1,500	1,500	4,900	500	2,800	5,700	-5,700	7,500	-100	-6,100	7,300	7,000	2,600	-1,600	5,200	800
Accrued compensation and employee benefits
-95,200	64,200	26,500	35,400	-68,700	47,700	18,100	24,400	-64,000	42,500	13,600	25,400	-50,300	31,600	9,700	17,100	-39,700	26,600	3,500	18,000	-26,600	18,600	1,600	19,200	-18,000	15,800	-15,100	4,000	-38,000	29,100	300	16,800	-25,200	22,800	5,800	11,200	-20,200	-	-	11,600	-19,100	-	-	7,400	-15,000
Deferred revenue
800	29,700	-2,900	9,200	-500	19,600	4,900	18,400	11,400	7,900	-4,500	8,400	31,900	8,200	2,100	3,500	300	600	5,500	6,600	-4,500	2,200	-6,200	-1,900	25,700	-	-	-	-	-	-	-	-	10,400	9,200	3,800	4,700	9,300	8,900	4,500	3,800	8,900	2,100	-8,700	19,000
Other liabilities
-34,800	51,400	13,500	1,700	-54,700	46,300	6,900	21,600	-37,700	288,500	-63,000	10,000	-16,100	13,900	25,500	14,600	-300	6,200	2,800	-3,800	-15,700	-16,400	1,500	21,700	56,600	1,700	-26,100	20,500	15,000	-18,500	-8,700	14,200	700	13,600	-12,200	13,900	-7,400	-11,500	13,400	27,800	8,500	300	9,200	22,600	500
Net cash provided by operating activities
352,800	552,700	396,300	316,000	333,200	338,100	319,800	231,500	280,200	332,000	353,900	216,500	241,500	329,700	268,800	261,700	226,800	317,700	179,700	185,100	123,700	194,200	150,600	154,000	166,300	229,100	203,800	189,100	258,000	226,800	211,600	210,800	165,000	213,700	157,600	200,900	105,400	141,700	113,000	175,500	115,600	122,800	96,300	83,000	90,100
Investing activities:
Purchase of investments
690,000	802,800	727,500	823,600	992,300	887,900	842,400	417,900	433,700	872,900	415,100	538,800	168,200	688,900	828,300	580,600	487,700	699,200	529,300	316,400	282,500	341,100	388,900	181,400	433,200	313,700	182,400	371,600	576,000	385,100	425,900	376,600	646,300	356,200	450,100	481,200	244,700	353,200	427,900	361,100	243,200	241,300	220,000	169,500	133,700
Proceeds from Sale of Investments
98,200	25,200	21,000	16,700	44,400	0	15,000	32,400	226,600	335,700	50,700	53,800	1,421,100	111,500	45,300	168,600	64,500	55,500	46,000	57,100	74,500	42,700	15,200	554,700	53,300	106,800	620,900	207,200	50,000	67,000	33,400	96,200	133,200	73,200	154,900	136,900	79,300	-	-	-	-	-	-	-	-
Proceeds from maturities of investments
617,600	541,300	609,600	663,800	755,100	484,900	323,800	424,100	300,800	252,400	155,800	186,500	108,400	286,200	256,800	186,200	240,900	250,300	173,000	263,000	139,500	161,500	130,500	227,500	195,200	172,600	208,700	246,400	194,700	231,100	244,300	171,600	153,200	159,800	138,900	210,800	182,300	-	-	-	-	-	-	-	-
Proceeds from sales and maturities of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	358,800	274,800	111,800	100,700	131,600	168,200	117,900
Purchase of property, plant, and equipment and intellectual property
105,200	142,000	86,700	82,100	114,800	55,500	47,000	44,800	40,100	31,000	51,400	55,300	53,000	17,800	15,100	11,400	9,600	19,700	28,500	13,600	19,200	65,200	13,800	18,500	8,100	28,900	34,000	25,000	16,700	70,700	-12,900	8,100	48,300	15,200	14,500	38,500	14,700	9,400	50,100	20,300	16,200	7,700	5,400	12,800	27,500
Acquisition of businesses, net of cash
37,700	27,900	33,000	-2,500	1,300	27,800	22,000	38,100	0	-	-	-	-	-	-	-	-	-	-	-	-	1,400	1,700	68,700	12,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-117,100	-406,200	-216,600	-222,700	-308,900	-486,300	-572,600	-44,300	53,600	-315,800	-260,000	-353,800	1,308,300	-309,000	-541,300	-237,200	-191,900	-413,100	-338,800	-9,900	-87,700	-203,500	-258,700	513,600	-205,300	-63,200	613,200	57,000	-348,000	-142,700	-177,900	-116,900	-408,200	-138,400	-170,800	-172,000	2,200	-120,900	-119,200	-106,600	-147,600	-148,300	-93,800	-14,100	-43,300
Financing activities:
Proceeds from issuance of common stock relating to employee stock plans
91,300	67,100	86,100	30,800	88,800	37,000	64,700	48,700	86,200	33,900	85,200	127,300	169,100	30,500	101,900	189,700	258,800	67,100	136,500	77,300	80,200	107,600	85,500	24,200	66,300	22,700	25,800	22,800	89,300	86,800	38,000	55,600	82,900	79,000	90,400	31,700	59,500	8,200	17,000	23,400	92,500	25,000	21,700	6,400	5,600
Excess tax benefit from employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,900	11,100	10,200	8,800	9,100	1,800	4,300	6,900	4,600	5,900	20,600	39,500	10,000	24,500	20,200	13,900	20,500	10,700	13,700	8,900	9,400	14,700	32,200	15,900	8,200	1,000	0
Taxes paid related to net share settlement of equity awards
148,900	6,200	7,900	6,400	138,600	5,000	7,000	5,500	102,500	3,000	3,600	2,600	47,400	800	1,400	1,200	20,600	500	500	-4,700	14,700	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
100,000	0	69,500	200,000	0	-	-	-	-	274,000	0	0	2,000,000	34,400	0	0	8,100	84,200	35,500	54,300	9,700	0	0	1,000,000	0	0	693,800	269,700	145,700	-	-	-	-	0	181,100	139,100	11,600	139,700	58,900	0	0	0	0	0	150,000
Capital contribution from noncontrolling interest
0	0	0	0	10,000	2,000	0	0	8,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
-21,100	-	-7,500	-3,000	-2,000	-	0	0	0	-	2,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-178,700	50,800	1,200	-178,600	-41,800	33,700	57,700	43,200	-8,300	-243,100	83,600	124,700	-1,878,300	-4,700	100,500	188,500	230,100	-58,100	112,400	38,800	66,000	116,400	94,600	-974,000	70,600	29,600	-663,400	-241,000	-35,800	73,100	-121,900	64,900	103,100	92,900	-70,200	-96,700	61,600	-122,600	-32,500	38,100	124,700	40,900	29,900	7,400	-144,400
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
-800	700	-1,600	-100	-1,200	600	-100	-1,600	1,000	100	1,000	500	500	-1,000	100	0	900	-100	-500	300	-1,200	200	-1,100	0	300	-200	500	100	-400	300	0	-300	200	-600	-400	0	800	-400	700	-600	-500	-100	300	500	-400
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total
56,200	198,000	179,300	-85,400	-18,700	-113,900	-195,200	228,800	326,500	-226,800	178,500	-12,100	-328,000	15,000	-171,900	213,000	265,900	-153,600	-47,200	214,300	100,800	107,300	-14,600	-306,400	31,900	195,300	154,100	5,200	-126,200	157,500	-88,200	158,500	-139,900	167,600	-83,800	-67,800	170,000	-102,200	-38,000	106,400	92,200	15,300	32,700	76,800	-98,000