On Feb. 1, Intuitive Surgical
- Sales increased by 56% to $112 million, thanks to da Vinci Surgical System sales and continued growth in recurring revenue.
- Net income declined by 52%. This is not a concern, though, since there was a significant tax benefit received in Q4 2005 that did not occur in Q4 2006.
- Intuitive Surgical is well-liked in CAPS, the Fool's stock-rating service; 96% of players with a rating on the company have given it an outperform, leading to a respectable four-star rating.
(Figures in millions, except per-share data)
Income Statement Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Sales |
$112.6 |
$72.1 |
56.1% |
Net Profit |
$23.6 |
$49.5 |
(52.3%) |
EPS |
$0.62 |
$1.31 |
(52.7%) |
Diluted Shares |
38.2 |
37.7 |
1.5% |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
66.6% |
67.4% |
(0.8) |
Operating Margin |
31.5% |
32.6% |
(1.1) |
Net Margin |
21.0% |
68.7% |
(47.7) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$330.3 |
$202.7 |
62.9% |
Accounts Rec. |
$94.7 |
$52.8 |
79.2% |
Inventory |
$24.3 |
$15.2 |
60.2% |
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Accounts Payable* |
$44.7 |
$33.5 |
33.5% |
Long-Term Debt |
$0 |
$0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
A statement of cash flows was not provided. Tsk, tsk.
Find out why Fools always follow the money.
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Intuitive Surgical is a recommendation of Motley Fool Rule Breakers, the newsletter service that tracks companies shaking things up. If you'd like to see what other innovators David Gardner has recommended, try out Rule Breakers free for 30 days.
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