Stock Analysis on Net
Stock Analysis on Net

Intuitive Surgical Inc. (NASDAQ:ISRG)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Intuitive Surgical Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Accounts payable
Accrued compensation and employee benefits
Deferred revenue
Income and other taxes payable
Accrued construction-related capital expenditures
Other accrued liabilities
Other accrued liabilities
Current liabilities
Income taxes, long-term
Deferred revenue, long-term
Other long-term liabilities
Other long-term liabilities
Long-term liabilities
Total liabilities
Preferred stock, $0.001 par value, issuable in series; no shares issued and outstanding
Common stock, $0.001 par value
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Total Intuitive Surgical, Inc. stockholders’ equity
Noncontrolling interest in joint venture
Total stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

The financial data reveals notable trends across liabilities, equity, and other key financial indicators over the analyzed periods.

Current Liabilities
There is a consistent upward trend in current liabilities from 965,200 thousand USD in 2020 to 1,745,300 thousand USD in 2024, representing an approximate 81% increase over the five years. Accounts payable increased steadily, showing a rise from 81,600 thousand USD in 2020 to 193,400 thousand USD in 2024. Accrued compensation and employee benefits exhibited significant growth, more than doubling from 235,000 thousand USD to 535,600 thousand USD. Deferred revenue also increased progressively, although at a more moderate rate, from 350,300 thousand USD to 468,800 thousand USD. Income and other taxes payable more than tripled from 47,200 thousand USD to 154,400 thousand USD. Accrued construction-related capital expenditures initially rose sharply in 2023 but then decreased in 2024. Other accrued liabilities items demonstrated varying increases but overall showed growth.
Long-term Liabilities
Long-term liabilities showed some fluctuations, starting at 444,600 thousand USD in 2020, peaking and falling back to 385,500 thousand USD in 2023, then increasing to 468,300 thousand USD in 2024. Income taxes payable long-term declined from 305,600 thousand USD in 2020 to 239,000 thousand USD in 2024. Deferred revenue long-term steadily increased from 32,100 thousand USD in 2020 to 54,100 thousand USD in 2024. Other long-term liabilities varied but ultimately increased substantially by 2024.
Total Liabilities
Total liabilities grew progressively each year, starting at 1,409,800 thousand USD in 2020 and reaching 2,213,600 thousand USD by 2024. This overall increase indicates an expanding obligation base consistent with business growth or increased operational complexity.
Stockholders' Equity
Stockholders’ equity showed strong growth, climbing from 9,759,100 thousand USD in 2020 to 16,529,600 thousand USD in 2024, an increase of approximately 69%. The major contributors were increases in additional paid-in capital and retained earnings. Additional paid-in capital rose substantially from 6,445,200 thousand USD to 9,681,300 thousand USD, indicating significant capital inflows or equity financing. Retained earnings showed volatility, with a dip in 2022 to 3,500,100 thousand USD but rebounded sharply to 6,803,300 thousand USD by 2024. Accumulated other comprehensive income (loss) fluctuated between positive and negative values, ending with a negative 51,300 thousand USD in 2024, signaling some non-operational gains or losses impacting equity.
Total Liabilities and Stockholders’ Equity
The total financing base, combining liabilities and stockholders’ equity, expanded from 11,168,900 thousand USD in 2020 to 18,743,200 thousand USD in 2024, showing a consistent upward trajectory aligned with the growth of individual equity and liability components.

In summary, the data indicates a steady expansion in both liabilities and equity components over the five-year period, reflecting growth in the company’s operational scale and financing activities. Current liabilities have increased notably, particularly in accrued compensation and accounts payable. Long-term liabilities remain relatively stable with minor fluctuations. The significant strengthening of stockholders’ equity, driven by capital contributions and retained earnings recovery, supports the company's equity base growth. The dynamics of accumulated other comprehensive income (loss) suggest some volatility in certain comprehensive income elements impacting equity value.