SEC Filings

10-K
INTUITIVE SURGICAL INC filed this Form 10-K on 02/02/2018
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Contractual maturities of gross lease receivables as of December 31, 2017, are as follows (in millions):
Fiscal Year
Amount
2018
$
44.4

2019
37.0

2020
26.6

2021
13.1

2022
6.4

2023 and thereafter
0.5

Total
$
128.0

Operating Leases. The Company's operating lease terms are generally less than five years. Future minimum lease payments related to non-cancellable portion of operating leases as of December 31, 2017, are as follows (in millions):
Fiscal Year
Amount
2018
$
42.6

2019
41.2

2020
34.0

2021
19.5

2022
8.4

2023 and thereafter
0.7

Total
$
146.4

Contingent rental revenue relating to operating lease arrangements were not material for the periods presented.
NOTE 6.    INTANGIBLE ASSETS
The following table summarizes the components of gross intangible asset, accumulated amortization, and net intangible asset balances as of December 31, 2017, and 2016 (in millions):
 
 
December 31, 2017
 
December 31, 2016
 
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Patents and developed technology
 
$
156.0

 
$
(140.2
)
 
$
15.8

 
$
158.7

 
$
(141.6
)
 
$
17.1

Distribution rights and others
 
9.2

 
(9.2
)
 

 
9.2

 
(9.1
)
 
0.1

Customer relationships
 
28.6

 
(18.4
)
 
10.2

 
28.6

 
(14.3
)
 
14.3

Total intangible assets
 
$
193.8

 
$
(167.8
)
 
$
26.0

 
$
196.5

 
$
(165.0
)
 
$
31.5

Amortization expense related to intangible assets was $12.9 million, $18.2 million, and $24.4 million for the years ended December 31, 2017, 2016, and 2015, respectively.
The estimated future amortization expense related to intangible assets as of December 31, 2017, is as follows (in millions):
Fiscal Year
Amount
2018
$
9.6

2019
4.6

2020
4.6

2021
3.4

2022
2.1

2023 and thereafter
1.7

Total
$
26.0


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