Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Intuitive Surgical Inc., adjusted current assets

US$ in thousands

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Current assets	7,111,000)	7,888,000)	6,253,000)	5,844,900)	6,625,900)
Adjustments
Add: Allowances	30,700)	27,100)	22,400)	20,200)	17,700)
After Adjustment
Adjusted current assets	7,141,700)	7,915,100)	6,275,400)	5,865,100)	6,643,600)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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Intuitive Surgical Inc., adjusted total assets

US$ in thousands

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Total assets	18,743,200)	15,441,500)	12,974,000)	13,555,000)	11,168,900)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Allowances	30,700)	27,100)	22,400)	20,200)	17,700)
Less: Deferred tax assets²	1,045,100)	910,500)	664,600)	441,400)	367,700)
After Adjustment
Adjusted total assets	17,728,800)	14,558,100)	12,331,800)	13,133,800)	10,818,900)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

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Intuitive Surgical Inc., adjusted current liabilities

US$ in thousands

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Current liabilities	1,745,300)	1,658,700)	1,422,100)	1,149,800)	965,200)
Adjustments
Less: Current deferred revenue	468,800)	446,100)	397,300)	377,200)	350,300)
After Adjustment
Adjusted current liabilities	1,276,500)	1,212,600)	1,024,800)	772,600)	614,900)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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Intuitive Surgical Inc., adjusted total liabilities

US$ in thousands

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Total liabilities	2,213,600)	2,044,200)	1,861,400)	1,603,500)	1,409,800)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax liabilities²	—)	—)	100)	600)	3,700)
Less: Deferred revenue	522,900)	491,700)	438,300)	414,000)	382,300)
After Adjustment
Adjusted total liabilities	1,690,700)	1,552,500)	1,423,000)	1,188,900)	1,023,800)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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Intuitive Surgical Inc., adjusted total Intuitive Surgical, Inc. stockholders’ equity

US$ in thousands

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Total Intuitive Surgical, Inc. stockholders’ equity	16,433,700)	13,307,600)	11,041,900)	11,901,100)	9,731,500)
Adjustments
Less: Net deferred tax assets (liabilities)¹	1,045,100)	910,500)	664,500)	440,800)	364,000)
Add: Allowances	30,700)	27,100)	22,400)	20,200)	17,700)
Add: Deferred revenue	522,900)	491,700)	438,300)	414,000)	382,300)
Add: Noncontrolling interest in joint venture	95,900)	89,700)	70,700)	50,400)	27,600)
After Adjustment
Adjusted total stockholders’ equity	16,038,100)	13,005,600)	10,908,800)	11,944,900)	9,795,100)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Net deferred tax assets (liabilities). See details »

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Intuitive Surgical Inc., adjusted capitalization table

US$ in thousands

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Total reported debt	—)	—)	—)	—)	—)
Total Intuitive Surgical, Inc. stockholders’ equity	16,433,700)	13,307,600)	11,041,900)	11,901,100)	9,731,500)
Total reported capital	16,433,700)	13,307,600)	11,041,900)	11,901,100)	9,731,500)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Operating lease liabilities (reported as Other accrued liabilities)²	33,500)	25,300)	24,200)	20,400)	21,900)
Add: Operating lease liabilities (reported as Other long-term liabilities)³	112,500)	64,500)	69,600)	66,600)	58,000)
Adjusted total debt	146,000)	89,800)	93,800)	87,000)	79,900)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	1,045,100)	910,500)	664,500)	440,800)	364,000)
Add: Allowances	30,700)	27,100)	22,400)	20,200)	17,700)
Add: Deferred revenue	522,900)	491,700)	438,300)	414,000)	382,300)
Add: Noncontrolling interest in joint venture	95,900)	89,700)	70,700)	50,400)	27,600)
Adjusted total stockholders’ equity	16,038,100)	13,005,600)	10,908,800)	11,944,900)	9,795,100)
After Adjustment
Adjusted total capital	16,184,100)	13,095,400)	11,002,600)	12,031,900)	9,875,000)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Operating lease liabilities (reported as Other accrued liabilities). See details »

³ Operating lease liabilities (reported as Other long-term liabilities). See details »

⁴ Net deferred tax assets (liabilities). See details »

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Intuitive Surgical Inc., adjusted revenue

US$ in thousands

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Revenue	8,352,100)	7,124,100)	6,222,200)	5,710,100)	4,358,400)
Adjustment
Add: Increase (decrease) in deferred revenue	31,200)	53,400)	24,300)	31,700)	17,100)
After Adjustment
Adjusted revenue	8,383,300)	7,177,500)	6,246,500)	5,741,800)	4,375,500)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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Intuitive Surgical Inc., adjusted net income attributable to Intuitive Surgical, Inc.

US$ in thousands

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Net income attributable to Intuitive Surgical, Inc.	2,322,600)	1,798,000)	1,322,300)	1,704,600)	1,060,600)
Adjustments
Add: Deferred income tax expense (benefit)¹	(135,300)	(280,800)	(185,300)	(64,000)	57,600)
Add: Increase (decrease) in allowances	3,600)	4,700)	2,200)	2,500)	9,400)
Add: Increase (decrease) in deferred revenue	31,200)	53,400)	24,300)	31,700)	17,100)
Add: Other comprehensive income (loss), net of tax	(39,800)	150,000)	(140,100)	(49,800)	13,000)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	14,200)	19,000)	20,300)	22,800)	6,700)
After Adjustment
Adjusted net income	2,196,500)	1,744,300)	1,043,700)	1,647,800)	1,164,400)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Deferred income tax expense (benefit). See details »

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Intuitive Surgical Inc. (NASDAQ:ISRG)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income