EX-99.2 3 a20181231ex-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, 2018
 
December 31, 2017
 
Change
 
December 31, 2018
 
December 31, 2017
 
Change
Revenue ($Millions)
 
 
 
 
 
 
 
 
 
 
 
 
Instruments and Accessories
 
$
539.3

 
$
457.1

 
18
 %
 
$
1,962.0

 
$
1,636.9

 
20
 %
Systems
 
340.6

 
284.5

 
20
 %
 
1,127.1

 
928.4

 
21
 %
Services
 
166.6

 
150.4

 
11
 %
 
635.1

 
572.9

 
11
 %
   Total Revenue
 
$
1,046.5

 
$
892.0

 
17
 %
 
$
3,724.2

 
$
3,138.2

 
19
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
System Unit Shipments by Geography
 
 
 
 
 
 
 
 
 
 
 
 
United States
 
175

 
130

 
35
 %
 
581

 
417

 
39
 %
Europe
 
55

 
47

 
17
 %
 
169

 
122

 
39
 %
Asia
 
40

 
34

 
18
 %
 
116

 
108

 
7
 %
Other Markets
 
20

 
5

 
300
 %
 
60

 
37

 
62
 %
   Total Systems*
 
290

 
216

 
34
 %
 
926

 
684

 
35
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
System Unit Shipments by Model
 
 
 
 
 
 
 
 
 
 
 
 
     Si-e Systems
 
—

 
1

 
(100
)%
 
—

 
4

 
(100
)%
     Single Console Si Systems
 
15

 
19

 
(21
)%
 
50

 
98

 
(49
)%
     Dual Console Si Systems
 
1

 
—

 
—

 
2

 
7

 
(71
)%
     Single Console X Systems
 
49

 
47

 
4
 %
 
181

 
73

 
148
 %
     Dual Console X Systems
 
2

 
4

 
(50
)%
 
10

 
5

 
100
 %
     Single Console Xi Systems
 
147

 
106

 
39
 %
 
479

 
356

 
35
 %
     Dual Console Xi Systems
 
64

 
39

 
64
 %
 
189

 
141

 
34
 %
     SP Systems
 
12

 
—

 
—

 
15

 
—

 
—

   Total Systems*
 
290

 
216

 
34
 %
 
926

 
684

 
35
 %
    * Systems Shipped under Operating Leases (Included above in Total Unit Shipments)
 
84

 
40

 
110
 %
 
229

 
108

 
112
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Metrics
 
 
 
 
 
 
 
 
 
 
 
 
System Average Selling Price ($Millions)
 
$
1.46

 
$
1.47

 
(1
)%
 
$
1.45

 
$
1.47

 
(1
)%
Inst & Accy Revenue/Procedure ($Thousands)
 
$
1.89

 
$
1.91

 
(1
)%
 
$
1.89

 
$
1.87

 
1
 %
System Installed Base
 
4,986

 
4,409

 
13
 %
 
4,986

 
4,409

 
13
 %


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Intuitive Surgical, Inc.
Unaudited Preliminary Trended Annual Procedure Data

 
 
Approximate Procedures (Thousands)
 
Percentage Change
 
 
2018
 
2017
 
2016
 
2018
 
2017
United States
 
 
 
 
 
 
 
 
 
 
General Surgery
 
325

 
246

 
186

 
32
%
 
32
%
Gynecology
 
265

 
252

 
246

 
5
%
 
2
%
Urology
 
128

 
118

 
109

 
8
%
 
8
%
Other
 
35

 
28

 
22

 
25
%
 
27
%
   Total United States
 
753

 
644

 
563

 
17
%
 
14
%
Total Outside of the United States
 
284

 
233

 
190

 
22
%
 
23
%
   Total Worldwide
 
1,037

 
877

 
753

 
18
%
 
16
%

# # #

This report contains forward-looking statements. Such statements relate to unaudited preliminary trended annual procedure data, unaudited preliminary fourth quarter and full year 2018 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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