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Intuitive Surgical, Inc.
1340 W. Middlefield Road, Mountain View, CA 94043 * (650) 237-7000
Business Description The company designs and manufactures the da Vinci Surgical System, an advanced surgical system that represents a fundamentally new generation of surgery.
Offering
Information

Company has
gone public

Trading As  ISRG (NASNTL) Industry  Manufacturing (SIC 3842)
Type of Stock Offered  Common Shares Filing Date  3/22/00
Domestic Shares Offered  5,000,000 Offer Date  6/12/00
Foreign Shares Offered  0 Filing Range  $11.00 - $13.00
Company Shares  5,000,000 Offer Price  $9.00
Selling Shrhldrs Shares  0 Gross Spread  $0.630
Gross Proceeds  $45,000,000 Selling  $0.350
Expenses  - - Reallowance  $0.100
Post-IPO Shares  37,430,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Lehman Brothers Incorporated Lead Manager (212) 526-8100
Bear, Stearns & Co. Inc. Co-manager (212) 272-4850
Fidelity Capital Markets Co-manager  
Robertson, Stephens & Company Co-manager (415) 989-8500
Warburg Dillon Read LLC Co-manager (203) 719-3000
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures - - Months Ending
Figures in U.S. millions except per share data     12/31/97 12/31/98 12/31/99    
Revenues   - - 0.000 0.000 10.192 - -
Income from Oper.   - - -24.716 -30.773 -19.549 - -
Net Income   - - -23.602 -29.443 -18.415 - -
E.P.S   - - -11.240 -8.140 -3.810 - -
Revenue Growth (%)      - - - -   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -15.93 - -
Cash Flow - Inv.     -10.31 - -
Cash Flow - Fin.     20.18 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/99 Financial Ratios
Total Assets    34.46 Current Assets    31.75 Current Ratio    3.27
Total Liab.    12.24 Current Liab.    9.72 Debt Ratio    35.54%
Total Equity    22.21 Working Cap.    22.02 Debt to Equity Ratio    0.55
Cash    4.11    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for working capital and general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Cooley Godward Castro Huddleson & Tatum
Bank's Law Firm  Gibson, Dunn & Crutcher
Registrar/Transfer Agent  American Securities Transfer and Trust
Auditor  Ernst & Young
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Entities affiliated with Mayfield Fundr 17.00  
PaTMarK Company, Inc. 13.10  
Sierra Ventures V, L.P. 12.60  
Investor (Guernsey) Limited 9.20  
Allan G. Lozier 7.40  
Entities affiliated with Morgan Stanley 6.80  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 6/25/00 10:48:45 PM
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