Balance Sheet: Assets
Quarterly Data

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.

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

US$ in thousands

	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	3,403,100)	2,573,800)	2,027,400)	2,413,300)	3,036,700)	2,839,500)	2,750,100)	3,602,000)	3,435,400)	2,143,000)	1,581,200)	1,538,000)	1,536,100)	1,103,100)	1,290,900)	1,346,700)	1,615,500)	1,401,800)	1,622,600)	1,370,600)	2,035,600)	1,223,800)
Short-term investments	1,923,400)	1,937,500)	1,985,900)	1,818,400)	1,720,500)	1,960,600)	2,473,100)	2,873,700)	2,363,800)	2,549,200)	2,536,700)	2,775,900)	2,901,300)	2,882,500)	2,913,100)	2,741,500)	2,823,700)	3,155,700)	3,488,800)	3,347,600)	2,452,700)	2,029,600)
Accounts receivable, net	1,269,200)	1,221,500)	1,225,400)	1,153,000)	1,109,100)	1,127,900)	1,130,200)	962,700)	904,200)	925,300)	942,100)	849,600)	838,500)	906,100)	782,700)	695,000)	699,900)	654,300)	645,500)	588,600)	508,800)	527,600)
Inventory	1,667,000)	1,553,600)	1,487,200)	1,481,700)	1,383,900)	1,299,300)	1,220,600)	1,147,500)	1,005,200)	946,600)	893,200)	837,100)	724,000)	653,000)	587,100)	584,900)	569,700)	576,800)	601,500)	662,900)	645,500)	620,300)
Prepaids and other current assets	483,200)	371,400)	385,100)	349,200)	404,100)	405,400)	314,000)	317,000)	323,200)	312,900)	299,800)	292,500)	292,600)	258,500)	271,100)	359,900)	307,800)	277,800)	267,500)	330,600)	256,400)	290,200)
Current assets	8,745,900)	7,657,800)	7,111,000)	7,215,600)	7,654,300)	7,632,700)	7,888,000)	8,902,900)	8,031,800)	6,877,000)	6,253,000)	6,293,100)	6,292,500)	5,803,200)	5,844,900)	5,728,000)	6,016,600)	6,066,400)	6,625,900)	6,300,300)	5,899,000)	4,691,500)
Property, plant, and equipment, net	4,985,300)	4,799,000)	4,646,600)	4,433,000)	4,116,800)	3,799,600)	3,537,600)	3,077,000)	2,830,800)	2,580,200)	2,374,200)	2,243,700)	2,109,300)	1,968,200)	1,876,400)	1,737,900)	1,651,200)	1,592,900)	1,577,300)	1,509,700)	1,450,300)	1,369,200)
Long-term investments	4,206,000)	4,589,900)	4,819,100)	4,079,800)	2,925,900)	2,522,600)	2,120,000)	1,044,900)	1,332,500)	1,886,400)	2,623,600)	3,078,100)	3,738,000)	4,416,200)	4,415,500)	4,131,500)	3,295,600)	2,673,000)	1,757,700)	1,643,200)	1,586,500)	2,642,700)
Deferred tax assets	1,070,300)	1,038,600)	1,045,100)	997,000)	946,900)	917,800)	910,500)	701,400)	666,500)	644,700)	664,600)	587,400)	515,900)	485,400)	441,400)	411,500)	394,400)	336,600)	367,700)	360,300)	365,500)	364,700)
Intangible and other assets, net	807,000)	787,600)	773,900)	669,700)	658,000)	607,100)	636,700)	638,400)	693,100)	716,300)	710,100)	710,300)	700,400)	662,200)	633,200)	581,400)	594,900)	527,000)	503,600)	467,700)	465,500)	488,000)
Goodwill	348,700)	347,500)	347,500)	348,300)	348,000)	348,200)	348,700)	348,100)	348,600)	348,600)	348,500)	348,200)	349,100)	343,200)	343,600)	344,300)	344,300)	344,500)	336,700)	336,300)	336,800)	335,000)
Long-term assets	11,417,300)	11,562,600)	11,632,200)	10,527,800)	8,995,600)	8,195,300)	7,553,500)	5,809,800)	5,871,500)	6,176,200)	6,721,000)	6,967,700)	7,412,700)	7,875,200)	7,710,100)	7,206,600)	6,280,400)	5,474,000)	4,543,000)	4,317,200)	4,204,600)	5,199,600)
Total assets	20,163,200)	19,220,400)	18,743,200)	17,743,400)	16,649,900)	15,828,000)	15,441,500)	14,712,700)	13,903,300)	13,053,200)	12,974,000)	13,260,800)	13,705,200)	13,678,400)	13,555,000)	12,934,600)	12,297,000)	11,540,400)	11,168,900)	10,617,500)	10,103,600)	9,891,100)

Cash and cash equivalents: The cash balance experienced notable fluctuations, peaking strongly in mid-2023 at around $3.44 billion, followed by a decline towards the end of 2023 and into early 2024, before moderately increasing again by mid-2025. Overall, there is an upward trend from 2020 levels to 2025, indicating growing liquidity despite periodic volatility.
Short-term investments: Short-term investments demonstrated an initial increase through 2020, reaching a high in late 2020, but then entered a general downtrend from 2021 onwards. The values diminished progressively through 2024 and stabilized at lower levels by mid-2025, suggesting a strategic reallocation or liquidation of short-term holdings.
Accounts receivable, net: Accounts receivable showed a consistent increase over the entire timeframe, growing from approximately $528 million in early 2020 to about $1.27 billion by mid-2025. This steady rise reflects expanding sales on credit or longer collection periods, implying growth in business volume but also potential risk in receivables management.
Inventory: Inventory levels rose progressively throughout the period, nearly tripling from $620 million at the start of 2020 to $1.67 billion by mid-2025. This steady build-up may indicate preparation for increased sales demand or may suggest accumulation of stock, which necessitates careful inventory management to avoid obsolescence or excess holding costs.
Prepaids and other current assets: Prepaid expenses and other current assets fluctuated moderately, with no clear long-term trend but notable spikes in early and mid-2024 and mid-2025. These variations may correspond to changes in prepaid contracts or other timing-related asset components.
Current assets: Total current assets increased substantially, from $4.69 billion in Q1 2020 to nearly $8.75 billion by mid-2025, reflecting growth across cash, receivables, inventory, and other current assets. Although the growth was not entirely steady, the overall upward trend indicates improved short-term financial strength and liquidity.
Property, plant, and equipment, net: Property, plant, and equipment showed consistent growth, nearly quadrupling from approximately $1.37 billion in early 2020 to nearly $5 billion by mid-2025. This rise demonstrates ongoing capital investment and expansion of operational capacity over the analyzed period.
Long-term investments: Long-term investments showcased significant volatility. After a steep drop from $2.64 billion in early 2020 to about $1 billion in late 2023, the balance recovered strongly to exceed $4.8 billion by early 2025, before retracting slightly by mid-2025. This pattern suggests active portfolio management and rebalancing of long-term financial assets.
Deferred tax assets: Deferred tax assets increased steadily from $365 million in early 2020 to over $1 billion by mid-2025. This upward trend implies growing timing differences or tax credit recognition, which may result from evolving income composition or tax strategies.
Intangible and other assets, net: Intangible assets remained relatively stable with mild fluctuations, generally centered around $600 million to $800 million over the period. The lack of significant growth points to limited acquisition or amortization activity related to intangible assets.
Goodwill: Goodwill balances stayed consistent around $340 million, with only minor fluctuations. This stability indicates no major acquisitions or write-downs impacting goodwill during the timeframe.
Long-term assets: Long-term assets overall showed an increasing trend, rising from approximately $5.2 billion in early 2020 to $11.4 billion by mid-2025. Despite some mid-period volatility—particularly a temporary dip between 2022 and 2023—the growth reflects substantial investments and accumulation of long-term resources.
Total assets: Total asset base expanded significantly from about $9.9 billion in Q1 2020 to over $20 billion by mid-2025, effectively doubling over five years. This growth is underpinned by both increased current and long-term assets, showcasing the company's expansion and strengthened financial position.

Assets: Selected Items

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Intuitive Surgical Inc. (NASDAQ:ISRG)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data