Intuitive Surgical, Inc. (ISRG) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

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Intuitive Surgical, Inc. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $570,600,000.00Share-based compensation expense → Operating adjustments reconciliation: $172,900,000.00Depreciation and loss on disposal of property, plant, and equipment → Operating adjustments reconciliation: $112,700,000.00Other liabilities → Operating adjustments reconciliation: $99,400,000.00Accrued compensation and employee benefits → Operating adjustments reconciliation: $56,200,000.00Prepaids and other assets → Operating adjustments reconciliation: $32,100,000.00Accounts payable → Operating adjustments reconciliation: $22,800,000.00Amortization of contract acquisition assets → Operating adjustments reconciliation: $9,400,000.00Deferred revenue → Operating adjustments reconciliation: $8,200,000.00Amortization of intangible assets → Operating adjustments reconciliation: $3,500,000.00Operating adjustments reconciliation → Net cash from operating activities: $135,900,000.00Operating adjustments reconciliation → Inventory: $261,500,000.00Operating adjustments reconciliation → Deferred income taxes: $64,700,000.00Operating adjustments reconciliation → Accounts receivable: $42,800,000.00Operating adjustments reconciliation → Loss (gain) on investments, accretion of discounts, and amortization of premiums on investments, net: $12,300,000.00Proceeds from issuance of common stock relating to employee stock plans → financing reconciliation: $115,600,000.00financing reconciliation → Net cash from financing activities: $98,200,000.00financing reconciliation → Taxes paid related to net share settlement of equity awards: $17,400,000.00Net cash used in investing activities → investing reconciliation: $1,413,000,000.00Proceeds from maturities of investments → investing reconciliation: $755,100,000.00investing reconciliation → Purchase of investments: $1,920,200,000.00investing reconciliation → Purchase of property, plant, and equipment: $247,900,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $3,066,800,000.00Net cash from operating activities → Cash sources and uses: $706,500,000.00Net cash from financing activities → Cash sources and uses: $98,200,000.00Cash sources and uses → Exchange-rate effect: $12,200,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $2,446,300,000.00Cash sources and uses → Net cash used in investing activities: $1,413,000,000.00Net income: $570,600,000.00Net income+$570.60 MDepreciation and loss on disposal of property, plant, and equipment: $112,700,000.00Depreciation & disposal loss+$112.70 MAmortization of intangible assets: $3,500,000.00Intangible amortization+$3.50 MLoss (gain) on investments, accretion of discounts, and amortization of premiums on investments, net: -$12,300,000.00Investment discount & premium−$12.30 MDeferred income taxes: -$64,700,000.00Deferred tax balances−$64.70 MShare-based compensation expense: $172,900,000.00Stock-based compensation+$172.90 MAmortization of contract acquisition assets: $9,400,000.00Contract cost amortization+$9.40 MAccounts receivable: -$42,800,000.00Accounts receivable−$42.80 MInventory: -$261,500,000.00Inventories−$261.50 MPrepaids and other assets: $32,100,000.00Prepaid & other assets+$32.10 MAccounts payable: $22,800,000.00Accounts payable+$22.80 MAccrued compensation and employee benefits: $56,200,000.00Accrued compensation+$56.20 MDeferred revenue: $8,200,000.00Unearned revenue+$8.20 MOther liabilities: $99,400,000.00Other operating liabilities+$99.40 MNet cash from operating activities: $706,500,000.00Operating cash+$706.50 MOperating adjustments reconciliation: $517,200,000.00Repurchase of common stock: $0.00Proceeds from issuance of common stock relating to employee stock plans: $115,600,000.00Stock plan proceeds+$115.60 MTaxes paid related to net share settlement of equity awards: -$17,400,000.00Stock-award tax withholding−$17.40 MPayment of deferred purchase consideration: $0.00Cash dividends paid by joint venture to noncontrolling interest: $0.00Net cash from financing activities: $98,200,000.00Financing cash+$98.20 Mfinancing reconciliation: $115,600,000.00Proceeds from sales of investments: $0.00Purchase of investments: -$1,920,200,000.00Marketable securities purchases−$1.92 BProceeds from maturities of investments: $755,100,000.00AFS securities maturities+$755.10 MPurchase of property, plant, and equipment: -$247,900,000.00Capital expenditures−$247.90 MAcquisition of businesses, net of cash, and intellectual property and other investing activities: $0.00Net cash used in investing activities: -$1,413,000,000.00. Cash required to fund net payments.Investing cash−$1.41 Binvesting reconciliation: $2,168,100,000.00Cash sources and uses: $3,871,500,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $3,066,800,000.00Beginning cash$3.07 BEnding cash: Cash, cash equivalents, and restricted cash: $2,446,300,000.00Ending cash$2.45 BExchange-rate effect: -$12,200,000.00FX effect−$12.20 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$458.60 MOperating cash − cash spent on productive assetsCash flow / Net income1.24×Operating cash flow ÷ net incomeNet cash change−$620.50 MEnding cash − beginning cash
Chart details

Intuitive Surgical, Inc. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
3,066,800,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
706,500,000 US dollars. Net cash provided.
Net income
570,600,000 US dollars
Depreciation and loss on disposal of property, plant, and equipment
112,700,000 US dollars
Amortization of intangible assets
3,500,000 US dollars
Loss (gain) on investments, accretion of discounts, and amortization of premiums on investments, net
negative 12,300,000 US dollars
Deferred income taxes
negative 64,700,000 US dollars
Share-based compensation expense
172,900,000 US dollars
Amortization of contract acquisition assets
9,400,000 US dollars
Accounts receivable
negative 42,800,000 US dollars
Inventory
negative 261,500,000 US dollars
Prepaids and other assets
32,100,000 US dollars
Accounts payable
22,800,000 US dollars
Accrued compensation and employee benefits
56,200,000 US dollars
Deferred revenue
8,200,000 US dollars
Other liabilities
99,400,000 US dollars
Investing activities
negative 1,413,000,000 US dollars. Net cash used.
Proceeds from sales of investments
0 US dollars
Purchase of investments
negative 1,920,200,000 US dollars
Proceeds from maturities of investments
755,100,000 US dollars
Purchase of property, plant, and equipment
negative 247,900,000 US dollars
Acquisition of businesses, net of cash, and intellectual property and other investing activities
0 US dollars
Financing activities
98,200,000 US dollars. Net cash provided.
Repurchase of common stock
0 US dollars
Proceeds from issuance of common stock relating to employee stock plans
115,600,000 US dollars
Taxes paid related to net share settlement of equity awards
negative 17,400,000 US dollars
Payment of deferred purchase consideration
0 US dollars
Cash dividends paid by joint venture to noncontrolling interest
0 US dollars
Operating adjustment reconciliation
517,200,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
115,600,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
2,168,100,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 12,200,000 US dollars
Ending cash on Sep 30, 2024
2,446,300,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
3,871,500,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 620,500,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.24×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
706,500,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
247,900,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
458,600,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $135.90M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 706,500,000 US dollars minus 247,900,000 US dollars equals 458,600,000 US dollars.
Intuitive Surgical, Inc. (ISRG) FY2024 Q3 Statement of Cash Flows Sankey chart
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