The company said quarterly revenue for Q4 2023 was $1.93 billion, up 17% from $1.66 billion in the same quarter a year earlier. It placed 415 da Vinci systems in the quarter, compared with 369 a year earlier.

1. 01

   The company said quarterly revenue for Q4 2023 was $1.93 billion, up 17% from $1.66 billion in the same quarter a year earlier. It placed 415 da Vinci systems in the quarter, compared with 369 a year earlier.

2. 02

   Intuitive Surgical said GAAP net income attributable to Intuitive for Q4 2023 was $606 million ($1.69 per diluted share), compared with $325 million ($0.91) a year earlier. It said non-GAAP net income was $574 million ($1.60), compared with $439 million ($1.23) a year earlier.

3. 03

   The company said GAAP net income for Q4 2023 included an income tax benefit of $67 million ($0.19 per share) from the re-measurement of Swiss deferred tax assets and $92 million ($0.26 per share) from the receipt of tax assets by its Swiss entity. It said these benefits are excluded from non-GAAP net income.

4. 04

   The company said cash, cash equivalents and investments were $7.34 billion as of the end of Q4 2023, a decrease of $177 million during the quarter. It cited capital expenditures as the main driver of the decrease, partially offset by cash generated from operations.

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Original filing

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