Question
Please write the following on Company Intuitive Surgical, Inc. [NASDAQ ISRG] a robotic-assisted minimally invasive surgery company. https://www.intuitivesurgical.com Financial analysis for the last reported fiscal
Please write the following on Company Intuitive Surgical, Inc. [NASDAQ ISRG] a robotic-assisted minimally invasive surgery company. https://www.intuitivesurgical.com
Financial analysis for the last reported fiscal year:
Use the companys income statement and balance sheet to calculate key, but no less than 10 key financial ratios to the business. There must be a mix of the different ratios so that the ratios do not all come from the same category. Show the calculations.
Using Excel or a Word table, record key financial ratios in the first column;
Research the industry average financial ratios for the same ratios above and record in a second column. If you cannot find an industry average, then select another ratio;
In the third column, indicate whether the financial ratio is a strength, a weakness or a neutral factor.
Explain the results and compare and contrast the company financials to the industry.
Income Statement
All numbers in thousands
Revenue | 12/31/2016 | 12/31/2015 | 12/31/2014 |
Total Revenue | 2,704,400 | 2,384,400 | 2,131,700 |
Cost of Revenue | 814,300 | 806,500 | 717,900 |
Gross Profit | 1,890,100 | 1,577,900 | 1,413,800 |
Operating Expenses | |||
Research Development | 239,600 | 197,400 | 178,000 |
Selling General and Administrative | 705,300 | 640,500 | 691,000 |
Non Recurring | - | - | - |
Others | - | - | - |
Total Operating Expenses | - | - | - |
Operating Income or Loss | 945,200 | 740,000 | 544,800 |
Income from Continuing Operations | |||
Total Other Income/Expenses Net | 35,600 | 18,500 | 4,200 |
Earnings Before Interest and Taxes | 980,800 | 758,500 | 549,000 |
Interest Expense | - | - | - |
Income Before Tax | 980,800 | 758,500 | 549,000 |
Income Tax Expense | 244,900 | 169,700 | 130,200 |
Minority Interest | - | - | - |
Net Income From Continuing Ops | 735,900 | 588,800 | 418,800 |
Non-recurring Events | |||
Discontinued Operations | - | - | - |
Extraordinary Items | - | - | - |
Effect Of Accounting Changes | - | - | - |
Other Items | - | - | - |
Net Income | |||
Net Income | 735,900 | 588,800 | 418,800 |
Preferred Stock And Other Adjustments | - | - | - |
Net Income Applicable To Common Shares | 735,900 | 588,800 | 418,800 |
Balance Sheet
All numbers in thousands
Period Ending | 12/31/2016 | 12/31/2015 | 12/31/2014 |
Current Assets | |||
Cash And Cash Equivalents | 1,036,600 | 714,600 | 600,300 |
Short Term Investments | 1,518,000 | 845,200 | 632,200 |
Net Receivables | 430,200 | 394,300 | 315,100 |
Inventory | 182,300 | 167,900 | 181,700 |
Other Current Assets | 83,300 | 73,500 | 82,600 |
Total Current Assets | 3,250,400 | 2,195,500 | 1,811,900 |
Long Term Investments | 2,283,300 | 1,788,000 | 1,264,500 |
Property Plant and Equipment | 458,400 | 432,100 | 387,400 |
Goodwill | 201,100 | 201,100 | 198,000 |
Intangible Assets | 142,800 | 122,800 | 126,300 |
Accumulated Amortization | - | - | - |
Other Assets | - | - | - |
Deferred Long Term Asset Charges | 150,900 | 167,800 | 171,300 |
Total Assets | 6,486,900 | 4,907,300 | 3,959,400 |
Current Liabilities | |||
Accounts Payable | 355,900 | 266,300 | 284,600 |
Short/Current Long Term Debt | - | - | - |
Other Current Liabilities | 240,600 | 225,600 | 216,600 |
Total Current Liabilities | 596,500 | 491,900 | 501,200 |
Long Term Debt | - | - | - |
Other Liabilities | 112,600 | 95,900 | 78,800 |
Deferred Long Term Liability Charges | - | - | - |
Minority Interest | - | - | - |
Negative Goodwill | - | - | - |
Total Liabilities | 709,100 | 587,800 | 580,000 |
Stockholders' Equity | |||
Misc. Stocks Options Warrants | - | - | - |
Redeemable Preferred Stock | - | - | - |
Preferred Stock | - | - | - |
Common Stock | - | - | - |
Retained Earnings | 1,574,900 | 899,200 | 487,700 |
Treasury Stock | - | - | - |
Capital Surplus | 4,211,800 | 3,429,800 | 2,896,800 |
Other Stockholder Equity | -8,900 | -9,500 | -5,100 |
Total Stockholder Equity | 5,777,800 | 4,319,500 | 3,379,400 |
Net Tangible Assets | 5,433,900 | 3,995,600 | 3,055,100 |
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