Exhibit 99.2
Intuitive Surgical, Inc. Unaudited Preliminary Q414 and FY14 Revenue Data and Metrics | ||||||||||||||||||||||
Three Months Ended | Twelve Months Ended | |||||||||||||||||||||
December 31, 2014 | December 31, 2013 | Change | December 31, 2014 | December 31, 2013 | Change | |||||||||||||||||
Revenue ($Millions) | ||||||||||||||||||||||
Instruments and Accessories | $ | 280.7 | $ | 268.2 | 5 | % | $ | 1,070.2 | $ | 1,032.9 | 4 | % | ||||||||||
Systems | 214.0 | 204.6 | 5 | % | 632.5 | 834.9 | (24 | )% | ||||||||||||||
Services | 110.0 | 103.4 | 6 | % | 429.0 | 397.3 | 8 | % | ||||||||||||||
Total GAAP Revenue | $ | 604.7 | $ | 576.2 | 5 | % | $ | 2,131.7 | $ | 2,265.1 | (6 | )% | ||||||||||
da Vinci Xi trade-out offers | (3.9 | ) | — | 100 | % | — | — | — | ||||||||||||||
Total Non-GAAP Revenue | $ | 600.8 | $ | 576.2 | 4 | % | $ | 2,131.7 | $ | 2,265.1 | (6 | )% | ||||||||||
System Unit Shipments by Geography | ||||||||||||||||||||||
United States | 71 | 72 | (1 | )% | 238 | 342 | (30 | )% | ||||||||||||||
Europe | 39 | 28 | 39 | % | 97 | 82 | 18 | % | ||||||||||||||
Japan | 6 | 21 | (71 | )% | 37 | 79 | (53 | )% | ||||||||||||||
Other Markets | 21 | 17 | 24 | % | 59 | 43 | 37 | % | ||||||||||||||
Total Systems | 137 | 138 | (1 | )% | 431 | 546 | (21 | )% | ||||||||||||||
System Unit Shipments by Model | ||||||||||||||||||||||
S Systems | — | — | — | % | 10 | 6 | 67 | % | ||||||||||||||
Si-e Systems | 4 | 21 | (81 | )% | 29 | 30 | (3 | )% | ||||||||||||||
Single Console Si Systems | 27 | 79 | (66 | )% | 143 | 365 | (61 | )% | ||||||||||||||
Dual Console Si Systems | 9 | 38 | (76 | )% | 43 | 145 | (70 | )% | ||||||||||||||
Single Console Xi Systems | 72 | — | 100 | % | 157 | — | 100 | % | ||||||||||||||
Dual Console Xi Systems | 25 | — | 100 | % | 49 | — | 100 | % | ||||||||||||||
Total Systems* | 137 | 138 | (1 | )% | 431 | 546 | (21 | )% | ||||||||||||||
* Systems Shipped on Operating Leases (Included above in Total Systems) | 5 | — | 100 | % | 14 | — | 100 | % | ||||||||||||||
Other Metrics | ||||||||||||||||||||||
System Average Selling Price ($Millions) | $ | 1.55 | $ | 1.46 | 6 | % | $ | 1.50 | $ | 1.52 | (1 | )% | ||||||||||
Inst & Accy Revenue/Procedure ($Thousands) | $ | 1.83 | $ | 1.93 | (5 | )% | $ | 1.88 | $ | 1.98 | (5 | )% | ||||||||||
System Trade-In's | 44 | 44 | — | % | 128 | 155 | (17 | )% | ||||||||||||||
System Installed Base | 3,267 | 2,965 | 10 | % | 3,267 | 2,965 | 10 | % |
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Intuitive Surgical, Inc. Unaudited Preliminary Trended Annual Procedure Data | |||||||||||||||
Approximate Procedures (Thousands) | Percentage Change | ||||||||||||||
2014 | 2013 | 2012 | 2014 | 2013 | |||||||||||
United States | |||||||||||||||
Gynecology | 235 | 240 | 222 | (2 | )% | 8 | % | ||||||||
Urology | 91 | 85 | 88 | 7 | % | (3 | )% | ||||||||
General Surgery | 107 | 81 | 42 | 32 | % | 93 | % | ||||||||
Other | 16 | 16 | 15 | — | % | 7 | % | ||||||||
Total United States | 449 | 422 | 367 | 6 | % | 15 | % | ||||||||
Total International | 121 | 101 | 83 | 20 | % | 22 | % | ||||||||
Total Worldwide | 570 | 523 | 450 | 9 | % | 16 | % |
# # #
This report contains forward-looking statements. Such statements relate to unaudited preliminary trended annual procedure data, unaudited preliminary Q4 and full year 2014 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 SEC for a further discussion of these risks and uncertainties.
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