EX-99.2 3 a20171231ex-992q4prerelease.htm EXHIBIT 99.2 Exhibit


Exhibit 99.2
Intuitive Surgical, Inc.
Unaudited Preliminary Quarterly and Annual Revenue Data and Metrics

 
 
Three Months Ended
 
Twelve Months Ended
 
 
December 31, 2017
 
December 31, 2016
 
Change
 
December 31, 2017
 
December 31, 2016
 
Change
Revenue ($Millions)
 
 
 
 
 
 
 
 
 
 
 
 
Instruments and Accessories
 
$
457.1

 
$
386.3

 
18
 %
 
$
1,636.9

 
$
1,395.8

 
17
 %
Systems
 
282.5

 
235.9

 
20
 %
 
910.2

 
791.6

 
15
 %
Services
 
152.8

 
134.7

 
13
 %
 
581.8

 
517.0

 
13
 %
   Total Revenue
 
$
892.4

 
$
756.9

 
18
 %
 
$
3,128.9

 
$
2,704.4

 
16
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
System Unit Shipments by Geography
 
 
 
 
 
 
 
 
 
 
 
 
United States
 
130

 
100

 
30
 %
 
417

 
338

 
23
 %
Europe
 
47

 
26

 
81
 %
 
122

 
79

 
54
 %
Asia
 
34

 
30

 
13
 %
 
108

 
96

 
13
 %
Other Markets
 
5

 
7

 
(29
)%
 
37

 
24

 
54
 %
   Total Systems*
 
216

 
163

 
33
 %
 
684

 
537

 
27
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
System Unit Shipments by Model
 
 
 
 
 
 
 
 
 
 
 
 
     S Systems
 

 

 
 %
 

 
1

 
(100
)%
     Si-e Systems
 
1

 

 

 
4

 
2

 
100
 %
     Single Console Si Systems
 
19

 
39

 
(51
)%
 
98

 
122

 
(20
)%
     Dual Console Si Systems
 

 
3

 
(100
)%
 
7

 
5

 
40
 %
     Single Console X Systems
 
47

 

 

 
73

 

 

     Dual Console X Systems
 
4

 

 

 
5

 

 

     Single Console Xi Systems
 
106

 
88

 
20
 %
 
356

 
301

 
18
 %
     Dual Console Xi Systems
 
39

 
33

 
18
 %
 
141

 
106

 
33
 %
   Total Systems*
 
216

 
163

 
33
 %
 
684

 
537

 
27
 %
    * Systems Shipped under Operating Leases (Included above in Total Unit Shipments)
 
40

 
13

 
208
 %
 
108

 
62

 
74
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Metrics
 
 
 
 
 
 
 
 
 
 
 
 
System Average Selling Price ($Millions)
 
$
1.47

 
$
1.48

 
(1
)%
 
$
1.47

 
$
1.52

 
(3
)%
Inst & Accy Revenue/Procedure ($Thousands)
 
$
1.91

 
$
1.90

 
1
 %
 
$
1.87

 
$
1.85

 
1
 %
System Installed Base
 
4,409

 
3,919

 
13
 %
 
4,409

 
3,919

 
13
 %


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Intuitive Surgical, Inc.
Unaudited Preliminary Trended Annual Procedure Data

 
 
Approximate Procedures (Thousands)
 
Percentage Change
 
 
2017
 
2016
 
2015
 
2017
 
2016
United States
 
 
 
 
 
 
 
 
 
 
Gynecology
 
252

 
246

 
238

 
2
%
 
3
%
General Surgery
 
246

 
186

 
140

 
32
%
 
33
%
Urology
 
118

 
109

 
102

 
8
%
 
7
%
Other
 
28

 
22

 
19

 
27
%
 
16
%
   Total United States
 
644

 
563

 
499

 
14
%
 
13
%
Total Outside of the United States
 
233

 
190

 
153

 
23
%
 
24
%
   Total Worldwide
 
877

 
753

 
652

 
16
%
 
15
%

# # #

This report contains forward-looking statements. Such statements relate to unaudited preliminary trended annual procedure data, unaudited preliminary fourth quarter and full year 2017 revenue data and metrics, and other related subjects. The unaudited preliminary results are prior to the completion of Intuitive Surgical’s final closing procedures and the independent audit and are therefore subject to adjustment. These forward-looking statements are based on Intuitive Surgical’s current plans and expectations and are subject to risks and uncertainties that could cause actual events and results to vary significantly from those implied by such statements. Please refer to Intuitive Surgical’s reports and filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties.

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