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Intuitive Surgical Inc. (ISRG)

Income Statement
Quarterly Data

Beginner level

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Intuitive Surgical Inc., consolidated income statement (quarterly data)

US$ in thousands

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3 months ended Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Product
Service
Revenue
Product
Service
Cost of revenue
Gross profit
Selling, general and administrative
Research and development
Operating expenses
Income from operations
Interest and other income (loss), net
Income before taxes
Income tax (expense) benefit
Net income
Net (income) loss attributable to noncontrolling interest in joint venture
Net income attributable to Intuitive Surgical, Inc.

Based on: 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-18), 10-Q (filing date: 2019-07-22), 10-Q (filing date: 2019-04-19), 10-K (filing date: 2019-02-04), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-18), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-19), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-19), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-19), 10-K (filing date: 2016-02-02), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Intuitive Surgical Inc.’s revenue increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.
Income from operations The net result for the period of deducting operating expenses from operating revenues. Intuitive Surgical Inc.’s income from operations increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.
Income before taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Intuitive Surgical Inc.’s income before taxes increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.
Net income attributable to Intuitive Surgical, Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Intuitive Surgical Inc.’s net income attributable to Intuitive Surgical, Inc. increased from Q2 2019 to Q3 2019 but then slightly decreased from Q3 2019 to Q4 2019.