Stock Analysis on Net

Intuitive Surgical Inc. (NASDAQ:ISRG)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Intuitive Surgical Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Inventory
Prepaids and other current assets
Current assets
Property, plant, and equipment, net
Long-term investments
Deferred tax assets
Intangible and other assets, net
Goodwill
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


Cash and Cash Equivalents
The proportion of cash and cash equivalents to total assets exhibited a fluctuating trend over the observed periods. Beginning at 12.37% in March 2020, it peaked significantly at 24.71% in June 2023 before declining to approximately 13.39%-16.88% in the last quarters of 2024 and 2025. This indicates variable liquidity levels with a notable surge in mid-2023 followed by a normalization.
Short-term Investments
Short-term investments as a percentage of total assets initially increased from 20.52% in March 2020 to a high of 31.53% by September 2020, then trended downward to stabilize around 10%-19% by 2025. This decline suggests a strategic reduction in short-term liquid assets following their early peak.
Accounts Receivable, Net
Accounts receivable showed a slight upward trend overall, starting at 5.33% in March 2020 and rising to a peak near 7.32% by December 2023. Following this, the ratio declined modestly but remained around 6.29%-6.36% in 2025, indicating consistent sales credit exposure with minor variations.
Inventory
Inventory as a share of total assets was relatively stable but showed a gradual increase, starting near 6.27% in March 2020 and reaching over 8% by 2025. This gradual rise may reflect inventory buildup or changes in production and sales dynamics over time.
Prepaids and Other Current Assets
This category displayed minor fluctuations around a range of 1.89%-2.93% without a clear trend, indicating stable proportions of prepaid expenses or other short-term assets relative to total assets.
Current Assets
The share of current assets peaked at nearly 60.51% in September 2023 after an initial rise from about 47.43% in early 2020, then declined sharply to about 37.94%-43.38% by mid-2025. This pattern suggests a shift from current to long-term assets in the latter periods.
Property, Plant, and Equipment (Net)
This asset category exhibited steady growth from 13.84% in March 2020 to a high near 24.72% by mid-2025, reflecting continuous investment in fixed assets and long-term operational capacity expansion.
Long-term Investments
Long-term investments showed significant variability, decreasing from an early low of 15.48%-15.7% in 2020 to a trough near 7.1%-9.58% in 2022-2023, with a subsequent moderate recovery to around 20.86% by mid-2025. This pattern evidences tactical reallocations between investment portfolios or asset classes over time.
Deferred Tax Assets
Deferred tax assets gradually increased in proportion, from 3.29% in late 2020 to a peak of approximately 5.9% in December 2023, maintaining elevated levels slightly above 5% through mid-2025. This growth indicates rising temporary differences or deferred tax benefits on the balance sheet.
Intangible and Other Assets (Net)
The ratio of intangible and other assets mildly decreased from around 4.93% in early 2020 to approximately 4% by mid-2025, showing gradual amortization or revaluation of these assets over the periods.
Goodwill
Goodwill declined steadily as a percentage of total assets from 3.39% in March 2020 to 1.73% by June 2025, suggesting either impairment charges or proportional growth of other asset types outpacing goodwill.
Long-term Assets
Long-term assets as a portion of total assets first declined from 52.57% in early 2020 to about 39.49% in late 2023, followed by a strong rebound to approximately 60.16% by mid-2025. This U-shaped trend aligns with movements in property, plant, equipment, and long-term investments, indicating shifting capital allocation toward long-term asset bases later in the timeframe.