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

	Dec 31, 2025	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
Cash and cash equivalents	3,368,000)	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)
Short-term investments	2,566,900)	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)
Accounts receivable, net	1,527,300)	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)
Inventory	1,840,000)	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)
Prepaids and other current assets	477,300)	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)
Current assets	9,779,500)	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)
Property, plant, and equipment, net	5,342,400)	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)
Long-term investments	3,099,200)	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)
Deferred tax assets	1,018,600)	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)
Intangible and other assets, net	848,700)	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)
Goodwill	370,300)	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)
Long-term assets	10,679,200)	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)
Total assets	20,458,700)	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)

The asset composition of the entity demonstrates notable shifts over the analyzed period, spanning from March 31, 2021, to December 31, 2025. Overall, total assets exhibited a general upward trajectory, although with some fluctuations, increasing from approximately $11.54 billion to $20.46 billion. A significant portion of this growth is attributable to changes within current and long-term asset categories.

Liquidity and Current Assets: Current assets initially remained relatively stable between March 2021 and September 2021, fluctuating around $6.0 billion. A substantial increase began in March 2022, peaking at $9.78 billion by December 2025. This growth was primarily driven by increases in accounts receivable, inventory, and notably, cash and cash equivalents. Cash and cash equivalents experienced a significant surge in the period from March 2023 to June 2023, reaching $3.44 billion, before decreasing to $3.37 billion by December 2025. Accounts receivable also showed consistent growth, nearly doubling from $654.3 million to $1.53 billion over the period. Inventory levels also increased substantially, rising from $576.8 million to $1.84 billion. Prepaids and other current assets showed moderate growth, with some quarterly volatility.
Long-Term Investments and Fixed Assets: Long-term assets also increased overall, but with more pronounced fluctuations. Long-term investments peaked in September 2021 at $4.13 billion, then decreased to $3.099 billion by December 2025. Property, plant, and equipment, net, demonstrated a consistent upward trend, increasing from $1.59 billion to $5.34 billion. Deferred tax assets also showed a steady increase, rising from $336.6 million to $1.02 billion. Intangible and other assets remained relatively stable, with a slight increase over the period, while goodwill remained consistent at approximately $348 million.
Overall Asset Composition: The proportion of current assets to total assets increased over the period. In March 2021, current assets represented approximately 52.4% of total assets, while by December 2025, this figure had risen to approximately 58.4%. This suggests a growing reliance on short-term assets relative to long-term investments. The increase in long-term assets, particularly property, plant, and equipment, indicates potential investment in operational capacity. The fluctuations in long-term investments suggest active portfolio management or changes in investment strategy.

In summary, the entity experienced significant asset growth, driven by increases in both current and long-term assets. The composition of assets shifted towards a greater proportion of current assets, while investments in fixed assets also increased substantially. These trends suggest a period of expansion and potentially increased liquidity.

Intuitive Surgical Inc. (NASDAQ:ISRG)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Intuitive Surgical Inc. (NASDAQ:ISRG)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data