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: 2016 | |||
Consolidated Statements Of Operations | |||
Period Ending July 30, 2016 10-K (Filed: Sept 8, 2016) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 30, 2016 | July 25, 2015 | July 26, 2014 | |
| REVENUE: | |||
| Product | $ 37,254 | 37,750 | 36,172 |
| Service | 11,993 | 11,411 | 10,970 |
| Total revenue | 49,247 | 49,161 | 47,142 |
| COST OF SALES: | |||
| Product | 14,161 | 15,377 | 15,641 |
| Service | 4,126 | 4,103 | 3,732 |
| Total cost of sales | 18,287 | 19,480 | 19,373 |
| GROSS MARGIN | 30,960 | 29,681 | 27,769 |
| OPERATING EXPENSES: | |||
| Research and development | 6,296 | 6,207 | 6,294 |
| Sales and marketing | 9,619 | 9,821 | 9,503 |
| General and administrative | 1,814 | 2,040 | 1,934 |
| Amortization of purchased intangible assets | 303 | 359 | 275 |
| Restructuring and other charges | 268 | 484 | 418 |
| Total operating expenses | 18,300 | 18,911 | 18,424 |
| OPERATING INCOME | 12,660 | 10,770 | 9,345 |
| Interest income | 1,005 | 769 | 691 |
| Interest expense | (676) | (566) | (564) |
| Other income (loss), net | (69) | 228 | 243 |
| Interest and other income (loss), net | 260 | 431 | 370 |
| INCOME BEFORE PROVISION FOR INCOME TAXES | 12,920 | 11,201 | 9,715 |
| Provision for income taxes | 2,181 | 2,220 | 1,862 |
| NET INCOME | 10,739 | 8,981 | 7,853 |
| Net income per share: | |||
| Basic (in dollars per share) | 2.13 | 1.76 | 1.50 |
| Diluted (in dollars per share) | 2.11 | 1.75 | 1.49 |
| Shares used in per-share calculation: | |||
| Basic (in shares) | 5,053 | 5,104 | 5,234 |
| Diluted (in shares) | 5,088 | 5,146 | 5,281 |
| Cash dividends declared per common share (in dollars per share) | 0.94 | 0.80 | 0.72 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CISCO SYSTEMS, INC. | |||
Ticker: CSCO Fiscal Year: 2016 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending July 30, 2016 10-K (Filed: Sept 8, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 30, 2016 | July 25, 2015 | July 26, 2014 | |
| Net income | $ 10,739 | 8,981 | 7,853 |
| Change in net unrealized gains, net of tax benefit (expense) of $(49), $14, and $(146) for fiscal 2016, 2015, and 2014, respectively | 92 | (12) | 233 |
| Net (gains) losses reclassified into earnings, net of tax expense (benefit) of $0, $57, and $111 for fiscal 2016, 2015, and 2014, respectively | 1 | (100) | (189) |
| Total- Available-for-sale investments | 93 | (112) | 44 |
| Change in unrealized gains and losses, net of tax benefit (expense) of $7, $19 and $(6) for fiscal 2016, 2015, and 2014, respectively | (59) | (140) | 42 |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | 16 | 136 | (62) |
| Total- Cash flow hedging instruments | (43) | (4) | (20) |
| Net change in cumulative translation adjustment and actuarial gains and losses, net of tax benefit (expense) of $(42), $63, and $(5) for fiscal 2016, 2015 and 2014, respectively | (447) | (498) | 44 |
| Other comprehensive income (loss) | (397) | (614) | 68 |
| Comprehensive income | 10,342 | 8,367 | 7,921 |
| Comprehensive (income) loss attributable to noncontrolling interests | 10 | (2) | 1 |
| Comprehensive income attributable to Cisco Systems, Inc. | 10,352 | 8,365 | 7,922 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CISCO SYSTEMS, INC. | |||
Ticker: CSCO Fiscal Year: 2016 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending July 30, 2016 10-K (Filed: Sept 8, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 30, 2016 | July 25, 2015 | July 26, 2014 | |
| Cash flows from operating activities: | |||
| Net income | $ 10,739 | 8,981 | 7,853 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization, and other | 2,150 | 2,442 | 2,439 |
| Share-based compensation expense | 1,458 | 1,440 | 1,348 |
| Provision for receivables | (9) | 134 | 79 |
| Deferred income taxes | (194) | (23) | (678) |
| Excess tax benefits from share-based compensation | (129) | (128) | (118) |
| (Gains) losses on investments and other, net | (317) | (258) | (299) |
| Change in operating assets and liabilities, net of effects of acquisitions and divestitures: | |||
| Accounts receivable | (404) | (413) | 340 |
| Inventories | 315 | (116) | (109) |
| Financing receivables | (150) | (634) | (119) |
| Other assets | (37) | (370) | 26 |
| Accounts payable | (65) | 87 | (23) |
| Income taxes, net | (300) | 53 | 191 |
| Accrued compensation | (101) | 7 | (42) |
| Deferred revenue | 1,219 | 1,275 | 659 |
| Other liabilities | (605) | 75 | 785 |
| Net cash provided by operating activities | 13,570 | 12,552 | 12,332 |
| Cash flows from investing activities: | |||
| Purchases of investments | (46,760) | (43,975) | (36,317) |
| Proceeds from sales of investments | 28,778 | 20,237 | 18,193 |
| Proceeds from maturities of investments | 14,115 | 15,293 | 15,660 |
| Acquisition of businesses, net of cash and cash equivalents acquired | (3,161) | (326) | (2,989) |
| Proceeds from Divestiture of Businesses | 372 | 0 | 0 |
| Purchases of investments in privately held companies | (256) | (222) | (384) |
| Return of investments in privately held companies | 91 | 288 | 213 |
| Acquisition of property and equipment | (1,146) | (1,227) | (1,275) |
| Proceeds from sales of property and equipment | 41 | 22 | 232 |
| Other | (191) | (178) | 24 |
| Net cash used in investing activities | (8,117) | (10,088) | (6,643) |
| Cash flows from financing activities: | |||
| Issuances of common stock | 1,127 | 2,016 | 1,907 |
| Repurchases of common stock - repurchase program | (3,909) | (4,324) | (9,413) |
| Shares repurchased for tax withholdings on vesting of restricted stock units | (557) | (502) | (430) |
| Short-term borrowings, original maturities less than 90 days, net | (4) | (4) | (2) |
| Issuances of debt | 6,978 | 4,981 | 7,981 |
| Repayments of debt | (3,863) | (508) | (3,276) |
| Excess tax benefits from share-based compensation | 129 | 128 | 118 |
| Dividends paid | (4,750) | (4,086) | (3,758) |
| Other | 150 | (14) | (15) |
| Net cash used in financing activities | (4,699) | (2,313) | (6,888) |
| Net increase (decrease) in cash and cash equivalents | 754 | 151 | (1,199) |
| Cash and cash equivalents, beginning of fiscal year | 6,877 | 6,726 | |
| Cash and cash equivalents, end of fiscal year | 7,631 | 6,877 | 6,726 |
| Supplemental cash flow information: | |||
| Cash paid for interest | 859 | 760 | 682 |
| Cash paid for income taxes, net | 2,675 | 2,190 | 2,349 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CISCO SYSTEMS, INC. | ||
Ticker: CSCO Fiscal Year: 2016 | ||
Consolidated Balance Sheets | ||
Period Ending July 30, 2016 10-K (Filed: Sept 8, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| July 30, 2016 | July 25, 2015 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 7,631 | 6,877 |
| Investments | 58,125 | 53,539 |
| Accounts receivable, net of allowance for doubtful accounts of $249 at July 30, 2016 and $302 at July 25, 2015 | 5,847 | 5,344 |
| Inventories | 1,217 | 1,627 |
| Financing receivables, net | 4,272 | 4,491 |
| Other current assets | 1,627 | 1,490 |
| Total current assets | 78,719 | 73,368 |
| Property and equipment, net | 3,506 | 3,332 |
| Financing receivables, net | 4,158 | 3,858 |
| Goodwill | 26,625 | 24,469 |
| Purchased intangible assets, net | 2,501 | 2,376 |
| Deferred Tax Assets | 4,299 | 4,454 |
| Other assets | 1,844 | 1,516 |
| TOTAL ASSETS | 121,652 | 113,373 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Short-term debt | 4,160 | 3,897 |
| Accounts payable | 1,056 | 1,104 |
| Income taxes payable | 517 | 62 |
| Accrued compensation | 2,951 | 3,049 |
| Deferred revenue | 10,155 | 9,824 |
| Other current liabilities | 6,072 | 5,476 |
| Total current liabilities | 24,911 | 23,412 |
| Long-term debt | 24,483 | 21,457 |
| Income taxes payable | 925 | 1,876 |
| Deferred revenue | 6,317 | 5,359 |
| Other long-term liabilities | 1,431 | 1,562 |
| Total liabilities | 58,067 | 53,666 |
| 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; 5,029 and 5,085 shares issued and outstanding at July 30, 2016 and July 25, 2015, respectively | 44,516 | 43,592 |
| Retained earnings | 19,396 | 16,045 |
| Accumulated other comprehensive income (loss) | (326) | 61 |
| Total Cisco shareholders equity | 63,586 | 59,698 |
| Noncontrolling interests | (1) | 9 |
| Total equity | 63,585 | 59,707 |
| TOTAL LIABILITIES AND EQUITY | 121,652 | 113,373 |
| External Links | |
| CISCO SYSTEMS, INC. (CSCO) Fiscal Year 2016 | |
| 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 |