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: 2018 | |||
Consolidated Statements of Operations | |||
Period Ending July 28, 2018 10-K (Filed: Sept 6, 2018) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 28, 2018 | July 29, 2017 | July 30, 2016 | |
| REVENUE: | |||
| Revenue | $ 49,330 | 48,005 | 49,247 |
| COST OF SALES: | |||
| Total cost of sales | 18,724 | 17,781 | 18,287 |
| GROSS MARGIN | 30,606 | 30,224 | 30,960 |
| OPERATING EXPENSES: | |||
| Research and development | 6,332 | 6,059 | 6,296 |
| Sales and marketing | 9,242 | 9,184 | 9,619 |
| General and administrative | 2,144 | 1,993 | 1,814 |
| Amortization of purchased intangible assets | 221 | 259 | 303 |
| Restructuring and other charges | 358 | 756 | 268 |
| Total operating expenses | 18,297 | 18,251 | 18,300 |
| OPERATING INCOME | 12,309 | 11,973 | 12,660 |
| Interest income | 1,508 | 1,338 | 1,005 |
| Interest expense | (943) | (861) | (676) |
| Other income (loss), net | 165 | (163) | (69) |
| Interest and other income (loss), net | 730 | 314 | 260 |
| INCOME BEFORE PROVISION FOR INCOME TAXES | 13,039 | 12,287 | 12,920 |
| Provision for income taxes | 12,929 | 2,678 | 2,181 |
| NET INCOME | 110 | 9,609 | 10,739 |
| Net income per share: | |||
| Basic (in dollars per share) | 0.02 | 1.92 | 2.13 |
| Diluted (in dollars per share) | 0.02 | 1.90 | 2.11 |
| Shares used in per-share calculation: | |||
| Basic (in shares) | 4,837 | 5,010 | 5,053 |
| Diluted (in shares) | 4,881 | 5,049 | 5,088 |
| Cash dividends declared per common share (in dollars per share) | 1.24 | 1.10 | 0.94 |
| Product and Service | |||
| Product | |||
| Revenue | 36,709 | 35,705 | 37,254 |
| Total cost of sales | 14,427 | 13,699 | 14,161 |
| Service | |||
| Revenue | 12,621 | 12,300 | 11,993 |
| Total cost of sales | 4,297 | 4,082 | 4,126 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CISCO SYSTEMS, INC. | |||
Ticker: CSCO Fiscal Year: 2018 | |||
Consolidated Statements of Comprehensive Income (Loss) | |||
Period Ending July 28, 2018 10-K (Filed: Sept 6, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 28, 2018 | July 29, 2017 | July 30, 2016 | |
| Net income | $ 110 | 9,609 | 10,739 |
| Available-for-sale investments: | |||
| Change in net unrealized gains and losses, net of tax benefit (expense) of $(11), $74, and $(49) for fiscal 2018, 2017, and 2016, respectively | (554) | (89) | 92 |
| Net (gains) losses reclassified into earnings, net of tax expense (benefit) of $104, $(37), and $0 for fiscal 2018, 2017, and 2016, respectively | (183) | 50 | 1 |
| Total- Available-for-sale investments | (737) | (39) | 93 |
| Cash flow hedging instruments: | |||
| Change in unrealized gains and losses, net of tax benefit (expense) of $(3), $(5), and $7 for fiscal 2018, 2017, and 2016, respectively | 18 | 17 | (59) |
| Net (gains) losses reclassified into earnings, net of tax (benefit) expense of $7, $(5), and $(4) for fiscal 2018, 2017, and 2016, respectively | (61) | 74 | 16 |
| Total- Cash flow hedging instruments | (43) | 91 | (43) |
| Net change in cumulative translation adjustment and actuarial gains and losses, net of tax benefit (expense) of $(8), $(13), and $(42) for fiscal 2018, 2017, and 2016, respectively | (160) | 321 | (447) |
| Other comprehensive income (loss) | (940) | 373 | (397) |
| Comprehensive income (loss) | (830) | 9,982 | 10,342 |
| Comprehensive (income) loss attributable to noncontrolling interests | 0 | (1) | 10 |
| Comprehensive income (loss) attributable to Cisco Systems, Inc. | (830) | 9,981 | 10,352 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CISCO SYSTEMS, INC. | |||
Ticker: CSCO Fiscal Year: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending July 28, 2018 10-K (Filed: Sept 6, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 28, 2018 | July 29, 2017 | July 30, 2016 | |
| Cash flows from operating activities: | |||
| Net income | $ 110 | 9,609 | 10,739 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization, and other | 2,192 | 2,286 | 2,150 |
| Share-based compensation expense | 1,576 | 1,526 | 1,458 |
| Provision (benefit) for receivables | (134) | (8) | (9) |
| Deferred income taxes | 900 | (124) | (194) |
| Excess tax benefits from share-based compensation | 0 | (153) | (129) |
| (Gains) losses on divestitures, investments and other, net | (322) | 154 | (317) |
| Change in operating assets and liabilities, net of effects of acquisitions and divestitures: | |||
| Accounts receivable | (269) | 756 | (404) |
| Inventories | (244) | (394) | 315 |
| Financing receivables | (219) | (1,038) | (150) |
| Other assets | 66 | 15 | (37) |
| Accounts payable | 504 | 311 | (65) |
| Income taxes, net | 8,118 | 60 | (300) |
| Accrued compensation | 100 | (110) | (101) |
| Deferred revenue | 1,205 | 1,683 | 1,219 |
| Other liabilities | 83 | (697) | (605) |
| Net cash provided by operating activities | 13,666 | 13,876 | 13,570 |
| Cash flows from investing activities: | |||
| Purchases of investments | (14,285) | (42,702) | (46,760) |
| Proceeds from sales of investments | 17,706 | 28,827 | 28,778 |
| Proceeds from maturities of investments | 15,769 | 12,143 | 14,115 |
| Acquisition of businesses, net of cash and cash equivalents acquired | (3,006) | (3,324) | (3,161) |
| Proceeds from business divestitures | 27 | 0 | 372 |
| Purchases of investments in privately held companies | (267) | (222) | (256) |
| Return of investments in privately held companies | 168 | 203 | 91 |
| Acquisition of property and equipment | (834) | (964) | (1,146) |
| Proceeds from sales of property and equipment | 59 | 7 | 41 |
| Other | (13) | 39 | (191) |
| Net cash provided by (used in) investing activities | 15,324 | (5,993) | (8,117) |
| Cash flows from financing activities: | |||
| Issuances of common stock | 623 | 708 | 1,127 |
| Repurchases of common stock - repurchase program | (17,547) | (3,685) | (3,909) |
| Shares repurchased for tax withholdings on vesting of restricted stock units | (703) | (619) | (557) |
| Short-term borrowings, original maturities of 90 days or less, net | (2,502) | 2,497 | (4) |
| Issuances of debt | 6,877 | 6,980 | 6,978 |
| Repayments of debt | (12,375) | (4,151) | (3,863) |
| Excess tax benefits from share-based compensation | 0 | 153 | 129 |
| Dividends paid | (5,968) | (5,511) | (4,750) |
| Other | (169) | (178) | 150 |
| Net cash used in financing activities | (31,764) | (3,806) | (4,699) |
| Net (decrease) increase in cash and cash equivalents | (2,774) | 4,077 | 754 |
| Cash and cash equivalents, beginning of fiscal year | 11,708 | 7,631 | |
| Cash and cash equivalents, end of fiscal year | 8,934 | 11,708 | 7,631 |
| Supplemental cash flow information: | |||
| Cash paid for interest | 910 | 897 | 859 |
| Cash paid for income taxes, net | 3,911 | 2,742 | 2,675 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CISCO SYSTEMS, INC. | ||
Ticker: CSCO Fiscal Year: 2018 | ||
Consolidated Balance Sheets | ||
Period Ending July 28, 2018 10-K (Filed: Sept 6, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| July 28, 2018 | July 29, 2017 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 8,934 | 11,708 |
| Investments | 37,614 | 58,784 |
| Accounts receivable, net of allowance for doubtful accounts of $129 at July 28, 2018 and $211 at July 29, 2017 | 5,554 | 5,146 |
| Inventories | 1,846 | 1,616 |
| Financing receivables, net | 4,949 | 4,856 |
| Other current assets | 2,940 | 1,593 |
| Total current assets | 61,837 | 83,703 |
| Property and equipment, net | 3,006 | 3,322 |
| Financing receivables, net | 4,882 | 4,738 |
| Goodwill | 31,706 | 29,766 |
| Purchased intangible assets, net | 2,552 | 2,539 |
| Deferred tax assets | 3,219 | 4,239 |
| Other assets | 1,582 | 1,511 |
| TOTAL ASSETS | 108,784 | 129,818 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Short-term debt | 5,238 | 7,992 |
| Accounts payable | 1,904 | 1,385 |
| Income taxes payable | 1,004 | 98 |
| Accrued compensation | 2,986 | 2,895 |
| Deferred revenue | 11,490 | 10,821 |
| Other current liabilities | 4,413 | 4,392 |
| Total current liabilities | 27,035 | 27,583 |
| Long-term debt | 20,331 | 25,725 |
| Income taxes payable | 8,585 | 1,250 |
| Deferred revenue | 8,195 | 7,673 |
| Other long-term liabilities | 1,434 | 1,450 |
| Total liabilities | 65,580 | 63,681 |
| 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; 4,614 and 4,983 shares issued and outstanding at July 28, 2018 and July 29, 2017, respectively | 42,820 | 45,253 |
| Retained earnings | 1,233 | 20,838 |
| Accumulated other comprehensive income (loss) | (849) | 46 |
| Total Cisco shareholders equity | 43,204 | 66,137 |
| Noncontrolling interests | 0 | 0 |
| Total equity | 43,204 | 66,137 |
| TOTAL LIABILITIES AND EQUITY | 108,784 | 129,818 |
| External Links | |
| CISCO SYSTEMS, INC. (CSCO) Fiscal Year 2018 | |
| 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 |