Intuitive Surgical, Inc. designs and manufactures the da Vinci Surgical System. The da Vinci Surgical System seamlessly translates the surgeon's natural hand movements on instrument controls at a console into corresponding micromovements of instruments positioned inside the patient through small puncture incisions, or ports. The products provide the surgeon with the range of motion and fine tissue control previously possible only with open surgery, while simultaneously allowing the surgeon to work through small ports.
Industry:MED INSTRUMENTS Sector: Medical Fiscal Year End:December Last Reported Quarter:03/31/12 Next EPS Date:07/17/12
Capital Structure Solvency and Cash Flow
Intuitive Surgical ended 3Q10 with cash, cash equivalents and investments of about $1.62 billion (versus $1.5 billion at the end of 2Q10). Inventory, at the end of 3Q10, was $85.0 million, up from $74.5 million at the end of 2Q10. Accounts receivable at the end of 3Q10 were $207.9 million compared with $194.7 million at the end of 2Q10. Intuitive Surgical was virtually a zero debt company at the end of 3Q10.
The company generated $132 million in cash flow from operations in 3Q10 versus $137 million in 2Q10.
Last edited Thu Jan 06, 2011 04:48 AM by MadhubantiMaitra (Zacks Investment Research)
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Governance Social Responsibility and Employee Relations
Intuitive Surgical operates in a competitive and dynamic industry – new technology and innovation from other organizations may change the company’s ability to successfully grow in their markets.
The company sells capital equipment and lingering problems with capital spending across many hospitals, in the US and Europe, may have a negative effect on the stock price.
Last edited Thu Jan 06, 2011 04:49 AM by MadhubantiMaitra (Zacks Investment Research)
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