Balance Sheet: Assets
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Price to Operating Profit (P/OP) since 2005
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Intuitive Surgical Inc., consolidated balance sheet: assets
US$ in thousands
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
The analysis of the annual financial data reveals several key trends and changes across the reported periods.
- Liquidity and Current Assets
- Cash and cash equivalents show a fluctuating pattern, starting at 1,622,600 thousand USD in 2020, dipping to 1,290,900 thousand USD in 2021, then rising sharply to a peak of 2,750,100 thousand USD in 2023 before decreasing to 2,027,400 thousand USD in 2024. Short-term investments display a gradual decline over the period, falling from 3,488,800 thousand USD in 2020 to 1,985,900 thousand USD in 2024. Accounts receivable steadily increase each year, climbing from 645,500 thousand USD in 2020 to 1,225,400 thousand USD in 2024, indicating possibly higher sales on credit or extended credit terms. Inventory levels also increase consistently, especially from 2021 onwards, rising from 587,100 thousand USD to 1,487,200 thousand USD by 2024, suggesting either accumulation of stock or increased demand. The components classified under prepaids and other current assets grow moderately, with other prepaids and current assets combined rising from 267,500 thousand USD to 385,100 thousand USD between 2020 and 2024. As a result, total current assets rise from 6,625,900 thousand USD in 2020 to 7,111,000 thousand USD in 2024, with a noticeable peak at 7,888,000 thousand USD in 2023.
- Long-Term Assets
- Property, plant, and equipment (PP&E) net values increase significantly over the five years, indicating ongoing capital expenditures or asset acquisitions. The net PP&E grows from 1,577,300 thousand USD in 2020 to 4,646,600 thousand USD in 2024, with substantial increases seen particularly between 2021 and 2023. Long-term investments show volatility, peaking in 2021 at 4,415,500 thousand USD, declining in subsequent years, and then surging again to 4,819,100 thousand USD in 2024. Deferred tax assets expand steadily, starting at 367,700 thousand USD and reaching 1,045,100 thousand USD by 2024, indicating a growing deferred tax position. Intangible and other assets, net, see moderate growth overall, from 503,600 thousand USD to 773,900 thousand USD, with a slight dip in 2023. Goodwill remains relatively stable across the periods, with minor fluctuations around 340,000 thousand USD. Long-term assets collectively show a large increase, especially a jump to over 11.6 billion USD in 2024 from 7.55 billion USD in 2023.
- Total Assets
- Total assets display solid growth throughout the period, rising from 11.17 billion USD in 2020 to 18.74 billion USD in 2024. This includes rises in both current and long-term assets, with a notable surge in total assets in 2023 and 2024. The marked increase may reflect expansion, investment in infrastructure, or acquisitions.
In summary, the data indicates a company engaging in significant asset growth, both in fixed assets and investments, alongside an overall increase in liquidity and current asset levels. The growth in receivables and inventory suggests rising operational scale or sales activity, while the expansion in long-term assets points to strategic investment and capacity enhancement. The stability in goodwill suggests no major acquisitions affecting this line item recently. These trends collectively indicate an expanding asset base with improved capacity for operations, potentially supporting growth objectives.