Intuitive Surgical, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.14B | $2.71B | $2.38B | $2.13B | $2.27B | $2.18B | $1.76B | $1.41B |
| Cost of Revenue | $934.8M | $814.3M | $806.5M | $717.9M | $670.9M | $608.5M | $483.5M | $383.0M |
| Gross Profit | $2.20B | $1.89B | $1.58B | $1.41B | $1.59B | $1.57B | $1.27B | $1.03B |
| Gross Margin | 70.2% | 69.9% | 66.2% | 66.3% | 70.4% | 72.1% | 72.5% | 72.9% |
| Operating Expenses | ||||||||
| Research & Development | $328.6M | $239.6M | $197.4M | $178.0M | $167.7M | $170.0M | $140.2M | $116.0M |
| SG&A Expense | $810.5M | $703.6M | $640.5M | $691.0M | $574.0M | $522.2M | $438.8M | $358.8M |
| Operating Income | $1.06B | $949.7M | $740.0M | $544.8M | $852.5M | $878.1M | $694.8M | $555.2M |
| Operating Margin | 33.9% | 35.1% | 31.0% | 25.6% | 37.6% | 40.3% | 39.5% | 39.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $1.10B | $985.3M | $758.5M | $549.0M | $870.9M | $893.9M | $709.7M | $572.3M |
| Income Tax Expense | $433.9M | $247.0M | $169.7M | $130.2M | $199.9M | $237.3M | $214.6M | $190.5M |
| Net Income | $670.9M | $738.3M | $588.8M | $418.8M | $671.0M | $656.6M | $495.1M | $381.8M |
| Net Margin | 21.4% | 27.3% | 24.7% | 19.6% | 29.6% | 30.1% | 28.2% | 27.0% |
| EPS (Basic) | $2.00 | $2.14 | $1.76 | $1.26 | $1.90 | $1.83 | $1.40 | $1.08 |
| EPS (Diluted) | $1.92 | $2.09 | $1.73 | $1.23 | $1.86 | $1.78 | $1.37 | $1.05 |
| Shares Outstanding (Basic) | 335.1M | 344.7M | 333.9M | 332.1M | 352.8M | 358.2M | 352.8M | 352.8M |
| Shares Outstanding (Diluted) | 348.9M | 353.7M | 341.1M | 339.3M | 360.9M | 369.9M | 361.8M | 362.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |