These non-GAAP financial measures also facilitate managements internal comparisons to its historical performance. The Company believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance by excluding items such as amortization of intangible assets, share-based compensation (SBC) and long-term incentive plan expenses, and other special items. And I know case rises have been largely decoupled from hospitalizations. Gotcha. The Company shipped 385 da Vinci Surgical Systems in the fourth quarter of 2021, compared with 326 systems . . In May of this year, Dr. Karl LeBlanc from our Lady of the Lake Medical Center in Baton Rouge, Louisiana, published results from a multi-center study comparing short-term outcomes for incisional hernia, published in the Hernia Journal entitled Robotic-Assisted Laparoscopic and Open Incisional Hernia Repair: Early Outcomes from the Prospective Hernia study. The compound annual growth rate between the fourth quarter of 2019 and the fourth quarter of 2021 was 10%. We recognized $26 million of lease buyout revenue in the second quarter, compared with $9 million last year and $19 million last quarter. You've been spending a lot there. Now turning to the clinical side of our business. any time, re-enter your e-mail address and click Submit, then adjust your form entries. Listen to Webcast. And I kind of articulated what those were, travel and so forth. Fourth quarter 2022 GAAP income from operations decreased to $373 million, compared with $450 million in the fourth quarter of 2021. Google's Women Techmakers program provides visibility, community, and resources for women in technology. With me today, we have Gary Guthart, our CEO; Marshall Mohr, our CFO; and Jamie Samath, our senior vice president of finance. The Company ended the fourth quarter of 2022 with $6.74 billion in cash, cash equivalents, and investments, a decrease of $651 million during the quarter, primarily driven by share repurchases of $1 billion and capital expenditures, partially offset by cash generated from operations. The authors concluded in part, "When compared to open, the robotic-assisted surgery group is associated with a comparable operative time, shorter length of stay and lower reoperation rate through 30 days. Intuitive Surgical (ticker: ISRG ) reported an adjusted fourth-quarter profit of $1.30 a share, beating forecasts for $1.28 a share, on sales of $1.55 billion, which topped expectations for $1.52 . Anna Stefani - HES Project Manager - Alira Health | LinkedIn Tuesday, October 18, 2022 4:30 PM EDT . Our second-quarter pro forma net income was $477 million or $3.92 per share, compared with $132 million or $1.11 per share for the second quarter of 2020 and $427 million or $3.52 per share for the last quarter. By uniting advanced systems, progressive learning, and value-enhancing services, we help physicians and their teams optimize care delivery to support the best outcomes possible. Non-GAAP income from operations. Our technologies include the da Vinci surgical system and the Ion endoluminal system.
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