Microsoft Excel LibreOffice Calc

Intuitive Surgical Inc. (ISRG)


Adjustments to Financial Statements

Advanced level


Adjustments to Current Assets

Intuitive Surgical Inc., adjusted current assets

US$ in thousands

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Current assets 4,662,600  4,333,200  2,810,900  3,250,400  2,195,500 
Adjustments
Add: Allowance for doubtful accounts and sales returns 8,300  8,200  4,600  1,900  2,100 
After Adjustment
Adjusted current assets 4,670,900  4,341,400  2,815,500  3,252,300  2,197,600 

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).


Adjustments to Total Assets

Intuitive Surgical Inc., adjusted total assets

US$ in thousands

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Total assets 9,733,200  7,846,700  5,758,000  6,486,900  4,907,300 
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 —  95,400  41,600  36,700  31,200 
Add: Allowance for doubtful accounts and sales returns 8,300  8,200  4,600  1,900  2,100 
Less: Deferred tax assets2 425,600  428,600  87,300  150,900  167,800 
After Adjustment
Adjusted total assets 9,315,900  7,521,700  5,716,900  6,374,600  4,772,800 

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Deferred tax assets. See details »


Adjustments to Current Liabilities

Intuitive Surgical Inc., adjusted current liabilities

US$ in thousands

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Current liabilities 1,030,200  820,600  704,100  596,500  491,900 
Adjustments
Less: Current deferred revenue 337,800  294,300  284,500  240,600  225,600 
After Adjustment
Adjusted current liabilities 692,400  526,300  419,600  355,900  266,300 

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).


Adjustments to Total Liabilities

Intuitive Surgical Inc., adjusted total liabilities

US$ in thousands

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Total liabilities 1,448,500  1,159,200  1,031,200  709,100  587,800 
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1 —  95,400  41,600  36,700  31,200 
Less: Deferred tax liabilities2 —  3,400  —  800  900 
Less: Deferred revenue 365,200  327,300  284,500  240,600  225,600 
After Adjustment
Adjusted total liabilities 1,083,300  923,900  788,300  504,400  392,500 

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Deferred tax liabilities. See details »


Adjustments to Stockholders’ Equity

Intuitive Surgical Inc., adjusted total Intuitive Surgical, Inc. stockholders’ equity

US$ in thousands

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Total Intuitive Surgical, Inc. stockholders’ equity 8,263,800  6,678,800  4,725,200  5,777,800  4,319,500 
Adjustments
Less: Net deferred tax assets (liabilities)1 425,600  425,200  87,300  150,100  166,900 
Add: Allowance for doubtful accounts and sales returns 8,300  8,200  4,600  1,900  2,100 
Add: Deferred revenue 365,200  327,300  284,500  240,600  225,600 
Add: Noncontrolling interest in joint venture 20,900  8,700  1,600  —  — 
After Adjustment
Adjusted total stockholders’ equity 8,232,600  6,597,800  4,928,600  5,870,200  4,380,300 

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).

1 Net deferred tax assets (liabilities). See details »


Adjustments to Capitalization Table

Intuitive Surgical Inc., adjusted capitalization table

US$ in thousands

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Total reported debt —  —  —  —  — 
Total Intuitive Surgical, Inc. stockholders’ equity 8,263,800  6,678,800  4,725,200  5,777,800  4,319,500 
Total reported capital 8,263,800  6,678,800  4,725,200  5,777,800  4,319,500 
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1 —  95,400  41,600  36,700  31,200 
Add: Current operating lease liability (reported as Other accrued liabilities)2 7,700  —  —  —  — 
Add: Long-term operating lease liability (reported as Other long-term liabilities)3 68,700  —  —  —  — 
Adjusted total debt 76,400  95,400  41,600  36,700  31,200 
Adjustments to Equity
Less: Net deferred tax assets (liabilities)4 425,600  425,200  87,300  150,100  166,900 
Add: Allowance for doubtful accounts and sales returns 8,300  8,200  4,600  1,900  2,100 
Add: Deferred revenue 365,200  327,300  284,500  240,600  225,600 
Add: Noncontrolling interest in joint venture 20,900  8,700  1,600  —  — 
Adjusted total stockholders’ equity 8,232,600  6,597,800  4,928,600  5,870,200  4,380,300 
After Adjustment
Adjusted total capital 8,309,000  6,693,200  4,970,200  5,906,900  4,411,500 

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Current operating lease liability (reported as Other accrued liabilities). See details »

3 Long-term operating lease liability (reported as Other long-term liabilities). See details »

4 Net deferred tax assets (liabilities). See details »


Adjustments to Revenues

Intuitive Surgical Inc., adjusted revenue

US$ in thousands

Microsoft Excel LibreOffice Calc
12 months ended Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Revenue 4,478,500  3,724,200  3,128,900  2,704,400  2,384,400 
Adjustment
Add: Increase (decrease) in deferred revenue 37,900  58,700  43,900  15,000  9,000 
After Adjustment
Adjusted revenue 4,516,400  3,782,900  3,172,800  2,719,400  2,393,400 

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).


Adjustments to Reported Income

Intuitive Surgical Inc., adjusted net income attributable to Intuitive Surgical, Inc.

US$ in thousands

Microsoft Excel LibreOffice Calc
12 months ended Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Net income attributable to Intuitive Surgical, Inc. 1,379,300  1,127,900  660,000  735,900  588,800 
Adjustments
Add: Deferred income tax expense (benefit)1 (6,100) 34,000  62,700  19,100  5,000 
Add: Increase (decrease) in allowance for doubtful accounts and sales returns 100  3,600  2,700  (200) 1,800 
Add: Increase (decrease) in deferred revenue 37,900  58,700  43,900  15,000  9,000 
Add: Other comprehensive gains (losses) 25,700  2,200  (6,600) 600  (4,400)
After Adjustment
Adjusted net income 1,436,900  1,226,400  762,700  770,400  600,200 

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).

1 Deferred income tax expense (benefit). See details »