Revenue: Product Service Total revenue Cost of revenue: Product Service Total cost of revenue. Product gross profit Service gross profit Gross profit Operating expenses: Selling, general and administrative Research and development Total operating expenses Income from operations Interest and other income, net Income before taxes Income tax expense Net income Less: net income attributable to noncontrolling interest in joint venture Net income attributable to Intuitive Surgical, Inc. S $ 2021 4,793.9 916.2 5,710.1 1,464.1 287.5 1,751.6 3,329.8 628.7 3,958.5 1,466.5 671.0 2,137.5 1,821.0 69.3 1,890.3 162.2 1,728.1 23.5 1,704.6 % of total revenue 84% $ 16% 100% 26% 5% 31% 58% 11% 69% 25% 12% 37% 32% 1% 33% 3% 30% -% 30% S Years Ended December 31, 2020 3,634.6 723.8 4,358,4 1,230.3 266.9 1,497.2 2,404.3 456.9 2,861.2 1,216.3 595.1 1,811.4 1,049.8 157.2 1,207.0 140.2 1,066.8 6.2 1,060.6 % of total revenue 83% S 17% 100% 28% 6% 34% 55% 11% 66% 28% 14% 42 % 24% 4% 28% 3% 24% 24% S 2019 3,754.3 724.2 4,478.5 1,119.1 249.2 1,368.3 2,635.2 475.0 3,110.2 1,178.4 557.3 1,735.7 1,374.5 127.7 1,502.2 120.4 1,381.8 2.5 1,379.3 % of total revenue 84% 16% 100% 25 % 6% 31% 59% 10% 69% 26% 12% 38 % 31% 3% 34% 3% 31% -% 31%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How do I solve for the Gross Profit and Net Profit Margin Ratio?

### Financial Performance Overview

The table presents a detailed financial analysis for Intuitive Surgical, Inc. for the years ending December 31 of 2021, 2020, and 2019. The financial data is categorized into sections such as revenue, cost of revenue, gross profit, operating expenses, income from operations, and net income. The table provides both absolute figures (in thousands of dollars) and percentages of total revenue for comprehensive analysis.

#### Revenue
- **Product Revenue:**
  - 2021: $4,793.9 million (84% of total revenue)
  - 2020: $3,634.6 million (83% of total revenue)
  - 2019: $3,754.3 million (84% of total revenue)

- **Service Revenue:**
  - 2021: $916.2 million (16% of total revenue)
  - 2020: $723.8 million (17% of total revenue)
  - 2019: $724.2 million (16% of total revenue)

- **Total Revenue:**
  - 2021: $5,710.1 million
  - 2020: $4,358.4 million
  - 2019: $4,478.5 million

#### Cost of Revenue
- **Product Cost:**
  - 2021: $1,464.1 million (26% of total revenue)
  - 2020: $1,230.3 million (28% of total revenue)
  - 2019: $1,119.1 million (25% of total revenue)

- **Service Cost:**
  - 2021: $287.5 million (5% of total revenue)
  - 2020: $266.9 million (6% of total revenue)
  - 2019: $249.2 million (6% of total revenue)

- **Total Cost of Revenue:**
  - 2021: $1,751.6 million (31% of total revenue)
  - 2020: $1,497.2 million (34% of total revenue)
  - 2019: $1,368.3 million (31% of total revenue)

#### Gross Profit
- **Product Gross Profit:**
  - 2021: $3,329.8 million (58% of total revenue)
  -
Transcribed Image Text:### Financial Performance Overview The table presents a detailed financial analysis for Intuitive Surgical, Inc. for the years ending December 31 of 2021, 2020, and 2019. The financial data is categorized into sections such as revenue, cost of revenue, gross profit, operating expenses, income from operations, and net income. The table provides both absolute figures (in thousands of dollars) and percentages of total revenue for comprehensive analysis. #### Revenue - **Product Revenue:** - 2021: $4,793.9 million (84% of total revenue) - 2020: $3,634.6 million (83% of total revenue) - 2019: $3,754.3 million (84% of total revenue) - **Service Revenue:** - 2021: $916.2 million (16% of total revenue) - 2020: $723.8 million (17% of total revenue) - 2019: $724.2 million (16% of total revenue) - **Total Revenue:** - 2021: $5,710.1 million - 2020: $4,358.4 million - 2019: $4,478.5 million #### Cost of Revenue - **Product Cost:** - 2021: $1,464.1 million (26% of total revenue) - 2020: $1,230.3 million (28% of total revenue) - 2019: $1,119.1 million (25% of total revenue) - **Service Cost:** - 2021: $287.5 million (5% of total revenue) - 2020: $266.9 million (6% of total revenue) - 2019: $249.2 million (6% of total revenue) - **Total Cost of Revenue:** - 2021: $1,751.6 million (31% of total revenue) - 2020: $1,497.2 million (34% of total revenue) - 2019: $1,368.3 million (31% of total revenue) #### Gross Profit - **Product Gross Profit:** - 2021: $3,329.8 million (58% of total revenue) -
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