Intuitive Surgical, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.86B | $2.32B | $1.80B | $1.32B | $1.70B | $1.06B | $1.38B | $1.13B |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $600.0M | $439.0M | $382.0M | $326.0M | $280.0M | $221.0M | $157.0M | $105.9M |
| Amortization | $13.2M | $16.7M | $20.2M | $27.8M | $27.4M | $49.8M | $43.0M | $14.2M |
| Stock-Based Compensation | $788.2M | $676.8M | $592.8M | $513.2M | $449.2M | $395.4M | $335.8M | $261.2M |
| Net Cash from Operating Activities | $3.03B | $2.42B | $1.81B | $1.49B | $2.09B | $1.48B | $1.60B | $1.17B |
| Investing Activities | ||||||||
| Capital Expenditures | $539.8M | $1.11B | $1.06B | $532.4M | $339.5M | $341.5M | $425.6M | $187.4M |
| Business Acquisitions | $13.9M | $1.0M | $8.9M | $12.8M | $22.7M | $37.7M | $59.7M | $87.9M |
| Net Cash from Investing Activities | $665.8M | $-3.27B | $-360.1M | $1.37B | $-2.46B | $-940.6M | $-1.15B | $-1.05B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $2.30B | $0 | $416.3M | $2.61B | $0 | $134.3M | $269.5M | $0 |
| Net Cash from Financing Activities | $-2.36B | $150.9M | $-287.6M | $-2.57B | $43.0M | $-85.7M | $-168.4M | $126.3M |
| Net Change in Cash | $1.35B | $-707.7M | $1.17B | $294.7M | $-332.5M | $455.9M | $273.2M | $246.2M |
| Free Cash Flow | $2.49B | $1.30B | $749.6M | $958.4M | $1.75B | $1.14B | $1.17B | $982.2M |