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

	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	2,573,800)	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	1,937,500)	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	1,221,500)	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	1,553,600)	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	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	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	4,799,000)	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	4,589,900)	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	1,038,600)	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	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	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	11,562,600)	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	19,220,400)	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: Cash and cash equivalents exhibited fluctuations over the reported periods. Initial values peaked in mid-2020, followed by a decline towards early 2022. Subsequently, there was a noticeable increase peaking around mid-2023, before declining again in early 2025. This pattern suggests alternating phases of liquidity accumulation and utilization.
Short-term investments: Short-term investments showed an initial rise during 2020, reaching a peak by the end of the year. From 2021 onwards, there was a gradual decreasing trend, with values reducing almost continuously until 2024. A minor uptick was observed in early 2025, indicating cautious reinvestment or reallocation of liquid assets.
Accounts receivable, net: Accounts receivable steadily increased over the timeframe, with some volatility around 2022. Overall, this upward trend suggests growing sales or client credit extensions, reaching the highest recorded levels by the first quarter of 2025.
Inventory: Inventory levels consistently rose throughout the entire period under review. From just over 600 million to above 1.5 billion (US$ thousands), this steady buildup might indicate preparation for increased demand or possible slowdowns in turnover, warranting efficiency review.
Prepaids and other current assets: Prepaids and other current assets showed minor fluctuations without a clear directional trend. The balance hovered around mid-200 to mid-300 million range, with some spikes toward mid-to-late 2024, possibly reflecting changing expense recognition or operational prepayments.
Current assets: Current assets experienced growth with some periods of minor contraction. Starting from approximately 4.7 billion, the total reached a peak near 8.9 billion in late 2023, before declining slightly but remaining elevated through early 2025. This indicates an overall increase in short-term resource availability.
Property, plant, and equipment, net: This asset category demonstrated consistent growth, nearly tripling from early 2020 to 2025. Such increases reflect ongoing investments in infrastructure and long-term operational capacity enhancement.
Long-term investments: Long-term investments fluctuated significantly, with an initial decline in early 2020 followed by substantial growth peaking in late 2021. Thereafter, a decline ensued until early 2023, followed by another ascending trend reaching maximum values in early 2025. The volatility suggests active portfolio management or strategic repositioning of long-term assets.
Deferred tax assets: Deferred tax assets gradually increased over time, doubling from around 365 million to over 1 billion by early 2025. This sustained growth implies increased temporary differences or tax benefit recognition associated with the company’s operations.
Intangible and other assets, net: Intangible and other assets remained relatively stable with mild fluctuations; a small decrease was observed around 2023, followed by recovery and modest growth into early 2025. The patterns suggest ongoing amortization balanced by additions or revaluations.
Goodwill: Goodwill balances were steady throughout the reported periods, maintaining around 335 to 348 million without significant changes. This stability indicates no major acquisitions or impairments affecting goodwill during this time.
Long-term assets: Long-term assets overall experienced a strong upward trend. After an initial dip in early 2020, the values increased consistently, reaching over 11.5 billion by early 2025. This growth is primarily driven by increases in property, plant, and equipment as well as repositioning of investments, reflecting a strategic emphasis on sustained capital investment.
Total assets: Total assets showed steady and significant growth over the period, rising from approximately 9.9 billion in early 2020 to over 19.2 billion by early 2025. This more than doubling of asset base indicates robust expansion and strengthening of the company's 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