SEC Filings

10-K
INTUITIVE SURGICAL INC filed this Form 10-K on 02/02/2018
Entire Document
 << Previous Page | Next Page >>
INTUITIVE SURGICAL, INC.
CONSOLIDATED STATEMENTS OF INCOME
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)



 
Years Ended December 31,
  
2017
 
2016
 
2015
Revenue:
 
 
 
 
 
Product
$
2,547.1

 
$
2,187.4

 
$
1,919.6

Service
581.8

 
517.0

 
464.8

Total revenue
3,128.9

 
2,704.4

 
2,384.4

Cost of revenue:
 
 
 
 
 
Product
754.9

 
663.3

 
647.2

Service
179.9

 
151.0

 
159.3

Total cost of revenue
934.8

 
814.3

 
806.5

Gross profit
2,194.1

 
1,890.1

 
1,577.9

Operating expenses:
 
 
 
 
 
Selling, general and administrative
810.9

 
705.3

 
640.5

Research and development
328.6

 
239.6

 
197.4

Total operating expenses
1,139.5

 
944.9

 
837.9

Income from operations
1,054.6

 
945.2

 
740.0

Interest and other income, net
41.9

 
35.6

 
18.5

Income before taxes
1,096.5

 
980.8

 
758.5

Income tax expense
436.5

 
244.9

 
169.7

Net income
$
660.0

 
$
735.9

 
$
588.8

Net income per share:
 
 
 
 
 
Basic
$
5.91

 
$
6.40

 
$
5.29

Diluted
$
5.67

 
$
6.24

 
$
5.18

Shares used in computing net income per share:
 
 
 
 
 
Basic
111.7

 
114.9

 
111.3

Diluted
116.3

 
117.9

 
113.7

See accompanying Notes to Consolidated Financial Statements.


63

 << Previous Page | Next Page >>