INTUITIVE SURGICAL INC - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - January 13, 2016

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

 
 
Three Months Ended
 
Twelve Months Ended
 
 
December 31, 2015
 
December 31, 2014
 
Change
 
December 31, 2015
 
December 31, 2014
 
Change
Revenue ($Millions)
 
 
 
 
 
 
 
 
 
 
 
 
Instruments and Accessories
 
$
325.6

 
$
280.7

 
16
 %
 
$
1,197.7

 
$
1,070.2

 
12
 %
Systems
 
230.7

 
214.0

 
8
 %
 
721.9

 
632.5

 
14
 %
Services
 
120.2

 
110.0

 
9
 %
 
464.8

 
429.0

 
8
 %
   Total GAAP Revenue
 
$
676.5

 
$
604.7

 
12
 %
 
$
2,384.4

 
$
2,131.7

 
12
 %
da Vinci Xi trade-out offers
 
—

 
(3.9
)
 
(100
)%
 
—

 
—

 
—

Total Non-GAAP Revenue
 
$
676.5

 
$
600.8

 
13
 %
 
$
2,384.4

 
$
2,131.7

 
12
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
System Unit Shipments by Geography
 
 
 
 
 
 
 
 
 
 
 
 
United States
 
83

 
71

 
17
 %
 
298

 
238

 
25
 %
Europe
 
31

 
39

 
(21
)%
 
90

 
97

 
(7
)%
Asia
 
28

 
14

 
100
 %
 
77

 
67

 
15
 %
Other Markets
 
16

 
13

 
23
 %
 
27

 
29

 
(7
)%
   Total Systems*
 
158

 
137

 
15
 %
 
492

 
431

 
14
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
System Unit Shipments by Model
 
 
 
 
 
 
 
 
 
 
 
 
     S Systems
 
—

 
—

 
—
 %
 
1

 
10

 
(90
)%
     Si-e Systems
 
1

 
4

 
(75
)%
 
7

 
29

 
(76
)%
     Single Console Si Systems
 
39

 
27

 
44
 %
 
107

 
143

 
(25
)%
     Dual Console Si Systems
 
4

 
9

 
(56
)%
 
22

 
43

 
(49
)%
     Single Console Xi Systems
 
83

 
72

 
15
 %
 
250

 
157

 
59
 %
     Dual Console Xi Systems
 
31

 
25

 
24
 %
 
105

 
49

 
114
 %
   Total Systems*
 
158

 
137

 
15
 %
 
492

 
431

 
14
 %
    * Systems Shipped on Operating Leases (Included above in Total Systems)
 
16

 
5

 
220
 %
 
43

 
14

 
207
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Metrics
 
 
 
 
 
 
 
 
 
 
 
 
System Average Selling Price ($Millions)
 
$
1.55

 
$
1.55

 
—
 %
 
$
1.54

 
$
1.50

 
3
 %
Inst & Accy Revenue/Procedure ($Thousands)
 
$
1.84

 
$
1.83

 
1
 %
 
$
1.84

 
$
1.88

 
(2
)%
System Installed Base
 
3,635

 
3,266

 
11
 %
 
3,635

 
3,266

 
11
 %


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Intuitive Surgical, Inc.
Unaudited Preliminary Trended Annual Procedure Data

 
 
Approximate Procedures (Thousands)
 
Percentage Change
 
 
2015
 
2014
 
2013
 
2015
 
2014
United States
 
 
 
 
 
 
 
 
 
 
Gynecology
 
238

 
235

 
240

 
1
%
 
(2
)%
Urology
 
102

 
91

 
85

 
12
%
 
7
 %
General Surgery
 
140

 
107

 
81

 
31
%
 
32
 %
Other
 
19

 
16

 
16

 
19
%
 
—
 %
   Total United States
 
499

 
449

 
422

 
11
%
 
6
 %
Total Outside of the United States
 
153

 
121

 
101

 
26
%
 
20
 %
   Total Worldwide
 
652

 
570

 
523

 
14
%
 
9
 %

# # #

This report contains forward-looking statements. Such statements relate to unaudited preliminary trended annual procedure data, unaudited preliminary Q4 and full year 2015 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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