10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||||
| |||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CISCO SYSTEMS, INC. | |||
Ticker: CSCO Fiscal Year: 2014 | |||
Consolidated Statements Of Operations | |||
Period Ending July 26, 2014 10-K (Filed: Sept 9, 2014) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 26, 2014 | July 27, 2013 | July 28, 2012 | |
| REVENUE: | |||
| Product | $ 36,172 | 38,029 | 36,326 |
| Service | 10,970 | 10,578 | 9,735 |
| Total revenue | 47,142 | 48,607 | 46,061 |
| COST OF SALES: | |||
| Product | 15,641 | 15,541 | 14,505 |
| Service | 3,732 | 3,626 | 3,347 |
| Total cost of sales | 19,373 | 19,167 | 17,852 |
| GROSS MARGIN | 27,769 | 29,440 | 28,209 |
| OPERATING EXPENSES: | |||
| Research and development | 6,294 | 5,942 | 5,488 |
| Sales and marketing | 9,503 | 9,538 | 9,647 |
| General and administrative | 1,934 | 2,264 | 2,322 |
| Amortization of purchased intangible assets | 275 | 395 | 383 |
| Restructuring and other charges | 418 | 105 | 304 |
| Total operating expenses | 18,424 | 18,244 | 18,144 |
| OPERATING INCOME | 9,345 | 11,196 | 10,065 |
| Interest income | 691 | 654 | 650 |
| Interest expense | (564) | (583) | (596) |
| Other income (loss), net | 243 | (40) | 40 |
| Interest and other income (loss), net | 370 | 31 | 94 |
| INCOME BEFORE PROVISION FOR INCOME TAXES | 9,715 | 11,227 | 10,159 |
| Provision for income taxes | 1,862 | 1,244 | 2,118 |
| NET INCOME | 7,853 | 9,983 | 8,041 |
| Net income per share: | |||
| Basic (in dollars per share) | 1.50 | 1.87 | 1.50 |
| Diluted (in dollars per share) | 1.49 | 1.86 | 1.49 |
| Shares used in per-share calculation: | |||
| Basic (in shares) | 5,234 | 5,329 | 5,370 |
| Diluted (in shares) | 5,281 | 5,380 | 5,404 |
| Cash dividends declared per common share (in dollars per share) | 0.72 | 0.62 | 0.28 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CISCO SYSTEMS, INC. | |||
Ticker: CSCO Fiscal Year: 2014 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending July 26, 2014 10-K (Filed: Sept 9, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 26, 2014 | July 27, 2013 | July 28, 2012 | |
| Net income | $ 7,853 | 9,983 | 8,041 |
| Change in net unrealized gains, net of tax benefit (expense) of $(146), $(2), and $6 for fiscal 2014, 2013, and 2012, respectively | 233 | (6) | (31) |
| Net gains reclassified into earnings, net of tax expense of $111, $17, and $36 for fiscal 2014, 2013, and 2012, respectively | (189) | (31) | (65) |
| Total- Available-for-sale investments | 44 | (37) | (96) |
| Change in unrealized gains and losses, net of tax benefit (expense) of $0, $(1), and $0 for fiscal 2014, 2013, and 2012, respectively | 48 | 73 | (131) |
| Net (gains) losses reclassified into earnings | (68) | (12) | 72 |
| Total- Cash flow hedging instruments | (20) | 61 | (59) |
| Net change in cumulative translation adjustment and other, net of tax benefit (expense) of $(5), $(1), and $36 for fiscal 2014, 2013, and 2012, respectively | 44 | (84) | (496) |
| Other comprehensive income(loss) | 68 | (60) | (651) |
| Comprehensive income | 7,921 | 9,923 | 7,390 |
| Comprehensive (income) loss attributable to noncontrolling interests | 1 | 7 | 18 |
| Comprehensive income attributable to Cisco Systems, Inc. | 7,922 | 9,930 | 7,408 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CISCO SYSTEMS, INC. | |||
Ticker: CSCO Fiscal Year: 2014 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending July 26, 2014 10-K (Filed: Sept 9, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 26, 2014 | July 27, 2013 | July 28, 2012 | |
| Cash flows from operating activities: | |||
| Net income | $ 7,853 | 9,983 | 8,041 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization, and other | 2,432 | 2,451 | 2,208 |
| Share-based compensation expense | 1,348 | 1,120 | 1,401 |
| Provision for receivables | 79 | 44 | 50 |
| Deferred income taxes | (678) | (37) | (314) |
| Excess tax benefits from share-based compensation | (118) | (92) | (60) |
| (Gains) losses on investments and other, net | (299) | (91) | 363 |
| Change in operating assets and liabilities, net of effects of acquisitions and divestitures: | |||
| Accounts receivable | 340 | (1,001) | 272 |
| Inventories | (109) | 218 | (287) |
| Financing receivables | (119) | (723) | (846) |
| Other assets | 33 | (27) | (674) |
| Accounts payable | (23) | 164 | (7) |
| Income taxes, net | 191 | (239) | 418 |
| Accrued compensation | (42) | 134 | (101) |
| Deferred revenue | 659 | 598 | 727 |
| Other liabilities | 785 | 392 | 300 |
| Net cash provided by operating activities | 12,332 | 12,894 | 11,491 |
| Cash flows from investing activities: | |||
| Purchases of investments | (36,317) | (36,608) | (41,782) |
| Proceeds from sales of investments | 18,193 | 14,799 | 27,337 |
| Proceeds from maturities of investments | 15,660 | 17,909 | 12,103 |
| Acquisition of businesses, net of cash and cash equivalents acquired | (2,989) | (6,766) | (375) |
| Purchases of investments in privately held companies | (384) | (225) | (380) |
| Return of investments in privately held companies | 213 | 209 | 242 |
| Acquisition of property and equipment | (1,275) | (1,160) | (1,126) |
| Proceeds from sales of property and equipment | 232 | 141 | 50 |
| Other | 24 | (67) | 116 |
| Net cash used in investing activities | (6,643) | (11,768) | (3,815) |
| Cash flows from financing activities: | |||
| Issuances of common stock | 1,907 | 3,338 | 1,372 |
| Repurchases of common stock - repurchase program | (9,413) | (2,773) | (4,560) |
| Shares repurchased for tax withholdings on vesting of restricted stock units | (430) | (330) | (200) |
| Short-term borrowings, original maturities less than 90 days, net | (2) | (20) | (557) |
| Issuances of debt | 8,001 | 24 | 0 |
| Repayments of debt | (3,276) | (16) | 0 |
| Excess tax benefits from share-based compensation | 118 | 92 | 60 |
| Dividends paid | (3,758) | (3,310) | (1,501) |
| Other | (35) | (5) | (153) |
| Net cash used in financing activities | (6,888) | (3,000) | (5,539) |
| Net (decrease) increase in cash and cash equivalents | (1,199) | (1,874) | 2,137 |
| Cash and cash equivalents, beginning of fiscal year | 7,925 | 9,799 | |
| Cash and cash equivalents, end of fiscal year | 6,726 | 7,925 | 9,799 |
| Supplemental cash flow information: | |||
| Cash paid for interest | 682 | 682 | 681 |
| Cash paid for income taxes, net | 2,349 | 1,519 | 2,014 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CISCO SYSTEMS, INC. | ||
Ticker: CSCO Fiscal Year: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending July 26, 2014 10-K (Filed: Sept 9, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| July 26, 2014 | July 27, 2013 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 6,726 | 7,925 |
| Investments | 45,348 | 42,685 |
| Accounts receivable, net of allowance for doubtful accounts of $265 at July 26, 2014 and $228 at July 27, 2013 | 5,157 | 5,470 |
| Inventories | 1,591 | 1,476 |
| Financing receivables, net | 4,153 | 4,037 |
| Deferred tax assets | 2,808 | 2,616 |
| Other current assets | 1,331 | 1,312 |
| Total current assets | 67,114 | 65,521 |
| Property and equipment, net | 3,252 | 3,322 |
| Financing receivables, net | 3,918 | 3,911 |
| Goodwill | 24,239 | 21,919 |
| Purchased intangible assets, net | 3,280 | 3,403 |
| Other assets | 3,331 | 3,115 |
| TOTAL ASSETS | 105,134 | 101,191 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Short-term debt | 508 | 3,283 |
| Accounts payable | 1,032 | 1,029 |
| Income taxes payable | 159 | 192 |
| Accrued compensation | 3,181 | 3,182 |
| Deferred revenue | 9,478 | 9,262 |
| Other current liabilities | 5,451 | 5,048 |
| Total current liabilities | 19,809 | 21,996 |
| Long-term debt | 20,401 | 12,928 |
| Income taxes payable | 1,851 | 1,748 |
| Deferred revenue | 4,664 | 4,161 |
| Other long-term liabilities | 1,748 | 1,230 |
| Total liabilities | 48,473 | 42,063 |
| 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; 5,107 and 5,389 shares issued and outstanding at July 26, 2014 and July 27, 2013, respectively | 41,884 | 42,297 |
| Retained earnings | 14,093 | 16,215 |
| Accumulated other comprehensive income | 677 | 608 |
| Total Cisco shareholders equity | 56,654 | 59,120 |
| Noncontrolling interests | 7 | 8 |
| Total equity | 56,661 | 59,128 |
| TOTAL LIABILITIES AND EQUITY | 105,134 | 101,191 |
| External Links | |
| CISCO SYSTEMS, INC. (CSCO) Fiscal Year 2014 | |
| 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 |