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

	Sep 30, 2025	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	2,806,600)	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	2,102,200)	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	1,259,700)	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	1,781,900)	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	574,900)	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	8,525,300)	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	5,150,900)	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	3,523,700)	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	978,900)	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	824,900)	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	348,100)	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	10,826,500)	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	19,351,800)	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 and cash equivalents fluctuate over the observed periods, with a notable increase toward the first quarter of 2023 reaching a peak around 3.6 billion USD. Subsequently, it experiences declines and recoveries, maintaining levels in the range of approximately 2 to 3.4 billion USD by late 2025. This pattern indicates intermittent liquidity enhancements, possibly linked to operational inflows or financing activities.
Short-term Investments: Short-term investments show an overall decreasing trend from 2020 through 2025. Starting above 2 billion USD in early 2020, this figure declines to just above 2 billion USD by the end of 2025, with some intermittent fluctuations. The reduction in short-term investments suggests possible liquidations or reallocations toward other asset categories or expenses.
Accounts Receivable, Net: The accounts receivable steadily grow throughout the period, starting from about 528 million USD in early 2020 to roughly 1.26 billion USD by late 2025. This consistent increase signifies either growth in sales on credit terms or extended collection periods, reflecting expanding business operations but potentially indicating higher credit risk or cash flow timing considerations.
Inventory: Inventory levels reveal a persistent upward trend, nearly tripling from 620 million USD in early 2020 to over 1.78 billion USD by late 2025. This substantial growth may imply increased production or stockpiling in anticipation of future demand, though it also raises considerations about inventory management efficiency and potential obsolescence risk.
Prepaids and Other Current Assets: This category fluctuates notably, with values initially around 290 million USD and showing variability across quarters. A significant rise occurs around mid-2025, reaching over 570 million USD. Such changes may be attributable to timing of prepaid expenses or changes in other current asset constituents impacting short-term financial positioning.
Current Assets: Current assets overall exhibit a rising trend from approximately 4.7 billion USD in early 2020 to around 8.5 billion USD in late 2025, despite some fluctuations. The increase highlights growing short-term resource availability, potentially supporting operational growth and liquidity management.
Property, Plant, and Equipment, Net: Fixed assets consistently increase throughout the period, nearly quadrupling from about 1.37 billion USD in early 2020 to over 5.15 billion USD by the end of 2025. This steady capital expansion suggests ongoing investment in production capacity, technological upgrades, or infrastructure enhancements.
Long-term Investments: Long-term investments display a pronounced volatility pattern. Initially decreasing sharply in early 2020, the figure recovers variably with multiple peaks and troughs, ultimately declining to around 3.5 billion USD by late 2025. This irregular pattern suggests strategic reallocation or realization of investment positions over time.
Deferred Tax Assets: The deferred tax assets develop upward moderately from approximately 365 million USD in early 2020 to about 980 million USD by 2025, with some minor fluctuations. The increase points to improving anticipated future tax benefits, potentially connected to growth or losses carried forward.
Intangible and Other Assets, Net: This category remains relatively stable with mild fluctuations, ranging roughly between 480 million USD and 825 million USD, showing a slight upward trajectory near the later periods. Stability here may suggest controlled amortization and steady acquisition or impairment of intangible assets.
Goodwill: Goodwill shows minimal variation, hovering consistently around 335 to 350 million USD throughout the timeframe. This stability indicates no significant impairments or acquisitions impacting goodwill in the periods analyzed.
Long-term Assets: Long-term assets first decline substantially between early 2020 and mid-2021, then follow an ascending trend peaking around 11.6 billion USD by early 2025 before a moderate decrease toward the end of 2025. This evolution reflects dynamic adjustments in fixed assets, long-term investments, and other non-current categories aligned with strategic investments and divestitures.
Total Assets: Total assets steadily increase from just under 10 billion USD in early 2020 to a peak of over 20 billion USD in mid-2025, followed by a slight decline toward late 2025 around 19.3 billion USD. The trend demonstrates overall growth in the company’s asset base, underpinned by expansions in current and long-term assets, indicating general business growth and asset accumulation with some recent reallocation or divestment activities.

Assets: Selected Items

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Current 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