INTUITIVE SURGICAL INC - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - January 11, 2017

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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, 2016
 
December 31, 2015
 
Change
 
December 31, 2016
 
December 31, 2015
 
Change
Revenue ($Millions)
 
 
 
 
 
 
 
 
 
 
 
 
Instruments and Accessories
 
$
386.3

 
$
325.6

 
19
 %
 
$
1,395.8

 
$
1,197.7

 
17
 %
Systems
 
235.9

 
230.7

 
2
 %
 
791.6

 
721.9

 
10
 %
Services
 
134.7

 
120.2

 
12
 %
 
517.0

 
464.8

 
11
 %
   Total Revenue
 
$
756.9

 
$
676.5

 
12
 %
 
$
2,704.4

 
$
2,384.4

 
13
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
System Unit Shipments by Geography
 
 
 
 
 
 
 
 
 
 
 
 
United States
 
100

 
83

 
20
 %
 
338

 
298

 
13
 %
Europe
 
26

 
31

 
(16
)%
 
79

 
90

 
(12
)%
Asia
 
30

 
28

 
7
 %
 
96

 
77

 
25
 %
Other Markets
 
7

 
16

 
(56
)%
 
24

 
27

 
(11
)%
   Total Systems*
 
163

 
158

 
3
 %
 
537

 
492

 
9
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
System Unit Shipments by Model
 
 
 
 
 
 
 
 
 
 
 
 
     S Systems
 
—

 
—

 
—
 %
 
1

 
1

 
—
 %
     Si-e Systems
 
—

 
1

 
(100
)%
 
2

 
7

 
(71
)%
     Single Console Si Systems
 
39

 
39

 
—
 %
 
122

 
107

 
14
 %
     Dual Console Si Systems
 
3

 
4

 
(25
)%
 
5

 
22

 
(77
)%
     Single Console Xi Systems
 
88

 
83

 
6
 %
 
301

 
250

 
20
 %
     Dual Console Xi Systems
 
33

 
31

 
6
 %
 
106

 
105

 
1
 %
   Total Systems*
 
163

 
158

 
3
 %
 
537

 
492

 
9
 %
    * Systems Shipped under Operating Leases (Included above in Total Unit Shipments)
 
13

 
16

 
(19
)%
 
62

 
43

 
44
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Metrics
 
 
 
 
 
 
 
 
 
 
 
 
System Average Selling Price ($Millions)
 
$
1.48

 
$
1.55

 
(5
)%
 
$
1.52

 
$
1.54

 
(1
)%
Inst & Accy Revenue/Procedure ($Thousands)
 
$
1.90

 
$
1.84

 
3
 %
 
$
1.85

 
$
1.84

 
1
 %
System Installed Base
 
3,919

 
3,597

 
9
 %
 
3,919

 
3,597

 
9
 %


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Intuitive Surgical, Inc.
Unaudited Preliminary Trended Annual Procedure Data

 
 
Approximate Procedures (Thousands)
 
Percentage Change
 
 
2016
 
2015
 
2014
 
2016
 
2015
United States
 
 
 
 
 
 
 
 
 
 
Gynecology
 
246

 
238

 
235

 
3
%
 
1
%
General Surgery
 
186

 
140

 
107

 
33
%
 
31
%
Urology
 
109

 
102

 
91

 
7
%
 
12
%
Other
 
22

 
19

 
16

 
16
%
 
19
%
   Total United States
 
563

 
499

 
449

 
13
%
 
11
%
Total Outside of the United States
 
190

 
153

 
121

 
24
%
 
26
%
   Total Worldwide
 
753

 
652

 
570

 
15
%
 
14
%

# # #

This report contains forward-looking statements. Such statements relate to unaudited preliminary trended annual procedure data, unaudited preliminary fourth quarter and full year 2016 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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