Intuitive Surgical, Inc.
Cash Flow Statement
| Line Item | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $522.8M | $818.1M | $821.5M | $794.8M | $704.4M | $658.4M | $698.4M | $685.7M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $9.3M | $24.0M | $7.1M | $3.3M | $3.3M | $3.2M | $3.4M | $3.1M |
| Stock-Based Compensation | $212.6M | $209.9M | $209.5M | $203.3M | $203.5M | $196.2M | $185.2M | $177.0M |
| Net Cash from Operating Activities | $1.22B | $1.06B | $911.9M | $892.5M | $841.0M | $715.4M | $581.6M | $822.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $113.1M | $112.6M | $103.3M | $162.5M | $105.4M | $155.3M | $116.6M | $312.0M |
| Business Acquisitions | $-9.6M | $0 | $528.2M | $12.7M | $0 | $1.2M | $0 | — |
| Net Cash from Investing Activities | $1.90B | $-26.6M | $-914.5M | $-209.4M | $401.0M | $260.7M | $213.5M | $-1.26B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $2.98B | $320.3M | $1.12B | $201.0M | $1.91B | $181.0M | $0 | $0 |
| Net Cash from Financing Activities | $-2.89B | $-287.9M | $-1.35B | $-137.5M | $-1.84B | $-147.8M | $-235.8M | $49.4M |
| Net Change in Cash | $216.7M | $753.6M | $-1.36B | $557.9M | $-597.0M | $829.3M | $554.8M | $-383.9M |
| Free Cash Flow | $1.11B | $948.4M | $808.6M | $730.0M | $735.6M | $560.1M | $465.0M | $510.6M |