10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CISCO SYSTEMS, INC. | |||
Ticker: CSCO Fiscal Year: 2015 | |||
Consolidated Statements Of Operations | |||
Period Ending July 25, 2015 10-K (Filed: Sept 8, 2015) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 25, 2015 | July 26, 2014 | July 27, 2013 | |
| REVENUE: | |||
| Product | $ 37,750 | 36,172 | 38,029 |
| Service | 11,411 | 10,970 | 10,578 |
| Total revenue | 49,161 | 47,142 | 48,607 |
| COST OF SALES: | |||
| Product | 15,377 | 15,641 | 15,541 |
| Service | 4,103 | 3,732 | 3,626 |
| Total cost of sales | 19,480 | 19,373 | 19,167 |
| GROSS MARGIN | 29,681 | 27,769 | 29,440 |
| OPERATING EXPENSES: | |||
| Research and development | 6,207 | 6,294 | 5,942 |
| Sales and marketing | 9,821 | 9,503 | 9,538 |
| General and administrative | 2,040 | 1,934 | 2,264 |
| Amortization of purchased intangible assets | 359 | 275 | 395 |
| Restructuring and other charges | 484 | 418 | 105 |
| Total operating expenses | 18,911 | 18,424 | 18,244 |
| OPERATING INCOME | 10,770 | 9,345 | 11,196 |
| Interest income | 769 | 691 | 654 |
| Interest expense | (566) | (564) | (583) |
| Other income (loss), net | 228 | 243 | (40) |
| Interest and other income (loss), net | 431 | 370 | 31 |
| INCOME BEFORE PROVISION FOR INCOME TAXES | 11,201 | 9,715 | 11,227 |
| Provision for income taxes | 2,220 | 1,862 | 1,244 |
| NET INCOME | 8,981 | 7,853 | 9,983 |
| Net income per share: | |||
| Basic (in dollars per share) | 1.76 | 1.50 | 1.87 |
| Diluted (in dollars per share) | 1.75 | 1.49 | 1.86 |
| Shares used in per-share calculation: | |||
| Basic (in shares) | 5,104 | 5,234 | 5,329 |
| Diluted (in shares) | 5,146 | 5,281 | 5,380 |
| Cash dividends declared per common share (in dollars per share) | 0.80 | 0.72 | 0.62 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CISCO SYSTEMS, INC. | |||
Ticker: CSCO Fiscal Year: 2015 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending July 25, 2015 10-K (Filed: Sept 8, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 25, 2015 | July 26, 2014 | July 27, 2013 | |
| Net income | $ 8,981 | 7,853 | 9,983 |
| Change in net unrealized gains, net of tax benefit (expense) of $14, $(146), and $(2) for fiscal 2015, 2014, and 2013, respectively | (12) | 233 | (6) |
| Net gains reclassified into earnings, net of tax expense (benefit) of $57, $111, and $17 for fiscal 2015, 2014, and 2013, respectively | (100) | (189) | (31) |
| Total- Available-for-sale investments | (112) | 44 | (37) |
| Change in unrealized gains and losses, net of tax benefit (expense) of $1, $0, and $(1) for fiscal 2015, 2014, and 2013, respectively | (158) | 48 | 73 |
| Net (gains) losses reclassified into earnings | 154 | (68) | (12) |
| Total- Cash flow hedging instruments | (4) | (20) | 61 |
| Net change in cumulative translation adjustment and actuarial gains and losses, net of tax benefit (expense) of $63, $(5), and $(1) for fiscal 2015, 2014, and 2013, respectively | (498) | 44 | (84) |
| Other comprehensive income (loss) | (614) | 68 | (60) |
| Comprehensive income | 8,367 | 7,921 | 9,923 |
| Comprehensive (income) loss attributable to noncontrolling interests | (2) | 1 | 7 |
| Comprehensive income attributable to Cisco Systems, Inc. | 8,365 | 7,922 | 9,930 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CISCO SYSTEMS, INC. | |||
Ticker: CSCO Fiscal Year: 2015 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending July 25, 2015 10-K (Filed: Sept 8, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 25, 2015 | July 26, 2014 | July 27, 2013 | |
| Cash flows from operating activities: | |||
| Net income | $ 8,981 | 7,853 | 9,983 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization, and other | 2,442 | 2,439 | 2,460 |
| Share-based compensation expense | 1,440 | 1,348 | 1,120 |
| Provision for receivables | 134 | 79 | 44 |
| Deferred income taxes | (23) | (678) | (37) |
| Excess tax benefits from share-based compensation | (128) | (118) | (92) |
| (Gains) losses on investments and other, net | (258) | (299) | (91) |
| Change in operating assets and liabilities, net of effects of acquisitions and divestitures: | |||
| Accounts receivable | (413) | 340 | (1,001) |
| Inventories | (116) | (109) | 218 |
| Financing receivables | (634) | (119) | (723) |
| Other assets | (370) | 26 | (36) |
| Accounts payable | 87 | (23) | 164 |
| Income taxes, net | 53 | 191 | (239) |
| Accrued compensation | 7 | (42) | 134 |
| Deferred revenue | 1,275 | 659 | 598 |
| Other liabilities | 75 | 785 | 392 |
| Net cash provided by operating activities | 12,552 | 12,332 | 12,894 |
| Cash flows from investing activities: | |||
| Purchases of investments | (43,975) | (36,317) | (36,608) |
| Proceeds from sales of investments | 20,237 | 18,193 | 14,799 |
| Proceeds from maturities of investments | 15,293 | 15,660 | 17,909 |
| Acquisition of businesses, net of cash and cash equivalents acquired | (326) | (2,989) | (6,766) |
| Purchases of investments in privately held companies | (222) | (384) | (225) |
| Return of investments in privately held companies | 288 | 213 | 209 |
| Acquisition of property and equipment | (1,227) | (1,275) | (1,160) |
| Proceeds from sales of property and equipment | 22 | 232 | 141 |
| Other | (178) | 24 | (67) |
| Net cash used in investing activities | (10,088) | (6,643) | (11,768) |
| Cash flows from financing activities: | |||
| Issuances of common stock | 2,016 | 1,907 | 3,338 |
| Repurchases of common stock - repurchase program | (4,324) | (9,413) | (2,773) |
| Shares repurchased for tax withholdings on vesting of restricted stock units | (502) | (430) | (330) |
| Short-term borrowings, original maturities less than 90 days, net | (4) | (2) | (20) |
| Issuances of debt | 4,981 | 7,981 | 24 |
| Repayments of debt | (508) | (3,276) | (16) |
| Excess tax benefits from share-based compensation | 128 | 118 | 92 |
| Dividends paid | (4,086) | (3,758) | (3,310) |
| Other | (14) | (15) | (5) |
| Net cash used in financing activities | (2,313) | (6,888) | (3,000) |
| Net increase (decrease) in cash and cash equivalents | 151 | (1,199) | (1,874) |
| Cash and cash equivalents, beginning of fiscal year | 6,726 | 7,925 | |
| Cash and cash equivalents, end of fiscal year | 6,877 | 6,726 | 7,925 |
| Supplemental cash flow information: | |||
| Cash paid for interest | 760 | 682 | 682 |
| Cash paid for income taxes, net | 2,190 | 2,349 | 1,519 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CISCO SYSTEMS, INC. | ||
Ticker: CSCO Fiscal Year: 2015 | ||
Consolidated Balance Sheets | ||
Period Ending July 25, 2015 10-K (Filed: Sept 8, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| July 25, 2015 | July 26, 2014 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 6,877 | 6,726 |
| Investments | 53,539 | 45,348 |
| Accounts receivable, net of allowance for doubtful accounts of $302 at July 25, 2015 and $265 at July 26, 2014 | 5,344 | 5,157 |
| Inventories | 1,627 | 1,591 |
| Financing receivables, net | 4,491 | 4,153 |
| Deferred tax assets | 2,915 | 2,808 |
| Other current assets | 1,490 | 1,331 |
| Total current assets | 76,283 | 67,114 |
| Property and equipment, net | 3,332 | 3,252 |
| Financing receivables, net | 3,858 | 3,918 |
| Goodwill | 24,469 | 24,239 |
| Purchased intangible assets, net | 2,376 | 3,280 |
| Other assets | 3,163 | 3,267 |
| TOTAL ASSETS | 113,481 | 105,070 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Short-term debt | 3,897 | 508 |
| Accounts payable | 1,104 | 1,032 |
| Income taxes payable | 62 | 159 |
| Accrued compensation | 3,049 | 3,181 |
| Deferred revenue | 9,824 | 9,478 |
| Other current liabilities | 5,687 | 5,451 |
| Total current liabilities | 23,623 | 19,809 |
| Long-term debt | 21,457 | 20,337 |
| Income taxes payable | 1,876 | 1,851 |
| Deferred revenue | 5,359 | 4,664 |
| Other long-term liabilities | 1,459 | 1,748 |
| Total liabilities | 53,774 | 48,409 |
| Commitments and contingencies (Note 12) | ||
| Equity: | ||
| Cisco shareholders equity: | ||
| Preferred stock, no par value: 5 shares authorized; none issued and outstanding | 0 | 0 |
| Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 5,085 and 5,107 shares issued and outstanding at July 25, 2015 and July 26, 2014, respectively | 43,592 | 41,884 |
| Retained earnings | 16,045 | 14,093 |
| Accumulated other comprehensive income | 61 | 677 |
| Total Cisco shareholders equity | 59,698 | 56,654 |
| Noncontrolling interests | 9 | 7 |
| Total equity | 59,707 | 56,661 |
| TOTAL LIABILITIES AND EQUITY | 113,481 | 105,070 |
| External Links | |
| CISCO SYSTEMS, INC. (CSCO) Fiscal Year 2015 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |