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: 2019 | |||
Consolidated Statements of Operations | |||
Period Ending July 27, 2019 10-K (Filed: Sept 5, 2019) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 27, 2019 | July 28, 2018 | July 29, 2017 | |
| REVENUE: | |||
| Revenue | $ 51,904 | 49,330 | 48,005 |
| COST OF SALES: | |||
| Total cost of sales | 19,238 | 18,724 | 17,781 |
| GROSS MARGIN | 32,666 | 30,606 | 30,224 |
| OPERATING EXPENSES: | |||
| Research and development | 6,577 | 6,332 | 6,059 |
| Sales and marketing | 9,571 | 9,242 | 9,184 |
| General and administrative | 1,827 | 2,144 | 1,993 |
| Amortization of purchased intangible assets | 150 | 221 | 259 |
| Restructuring and other charges | 322 | 358 | 756 |
| Total operating expenses | 18,447 | 18,297 | 18,251 |
| OPERATING INCOME | 14,219 | 12,309 | 11,973 |
| Interest income | 1,308 | 1,508 | 1,338 |
| Interest expense | (859) | (943) | (861) |
| Other income (loss), net | (97) | 165 | (163) |
| Interest and other income (loss), net | 352 | 730 | 314 |
| INCOME BEFORE PROVISION FOR INCOME TAXES | 14,571 | 13,039 | 12,287 |
| Provision for income taxes | 2,950 | 12,929 | 2,678 |
| NET INCOME | 11,621 | 110 | 9,609 |
| Net income per share: | |||
| Basic (in dollars per share) | 2.63 | 0.02 | 1.92 |
| Diluted (in dollars per share) | 2.61 | 0.02 | 1.90 |
| Shares used in per-share calculation: | |||
| Basic (in shares) | 4,419 | 4,837 | 5,010 |
| Diluted (in shares) | 4,453 | 4,881 | 5,049 |
| Product and Service | |||
| Product | |||
| Revenue | 39,005 | 36,709 | 35,705 |
| Total cost of sales | 14,863 | 14,427 | 13,699 |
| Service | |||
| Revenue | 12,899 | 12,621 | 12,300 |
| Total cost of sales | 4,375 | 4,297 | 4,082 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CISCO SYSTEMS, INC. | |||
Ticker: CSCO Fiscal Year: 2019 | |||
Consolidated Statements of Comprehensive Income (Loss) | |||
Period Ending July 27, 2019 10-K (Filed: Sept 5, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 27, 2019 | July 28, 2018 | July 29, 2017 | |
| Net income | $ 11,621 | 110 | 9,609 |
| Available-for-sale investments: | |||
| Change in net unrealized gains and losses, net of tax benefit (expense) of $(101), $(11), and $74 for fiscal 2019, 2018, and 2017, respectively | 459 | (554) | (89) |
| Net (gains) losses reclassified into earnings, net of tax expense (benefit) of $6, $104, and $(37) for fiscal 2019, 2018, and 2017, respectively | 19 | (183) | 50 |
| Total Available-for-sale investments | 478 | (737) | (39) |
| Cash flow hedging instruments: | |||
| Change in unrealized gains and losses, net of tax benefit (expense) of $0, $(3), and $(5) for fiscal 2019, 2018, and 2017, respectively | 0 | 18 | 17 |
| Net (gains) losses reclassified into earnings, net of tax (benefit) expense of $0, $7, and $(5) for fiscal 2019, 2018, and 2017, respectively | (3) | (61) | 74 |
| Total Cash flow hedging instruments | (3) | (43) | 91 |
| Net change in cumulative translation adjustment and actuarial gains and losses, net of tax benefit (expense) of $15, $(8), and $(13) for fiscal 2019, 2018, and 2017, respectively | (250) | (160) | 321 |
| Other comprehensive income (loss) | 225 | (940) | 373 |
| Comprehensive income (loss) | 11,846 | (830) | 9,982 |
| Comprehensive (income) loss attributable to noncontrolling interests | 0 | 0 | (1) |
| Comprehensive income (loss) attributable to Cisco Systems, Inc. | 11,846 | (830) | 9,981 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CISCO SYSTEMS, INC. | |||
Ticker: CSCO Fiscal Year: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending July 27, 2019 10-K (Filed: Sept 5, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 27, 2019 | July 28, 2018 | July 29, 2017 | |
| Cash flows from operating activities: | |||
| Net income | $ 11,621 | 110 | 9,609 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization, and other | 1,897 | 2,192 | 2,286 |
| Share-based compensation expense | 1,570 | 1,576 | 1,526 |
| Provision (benefit) for receivables | 40 | (134) | (8) |
| Deferred income taxes | (350) | 900 | (124) |
| Excess tax benefits from share-based compensation | 0 | 0 | (153) |
| (Gains) losses on divestitures, investments and other, net | (24) | (322) | 154 |
| Change in operating assets and liabilities, net of effects of acquisitions and divestitures: | |||
| Accounts receivable | (84) | (269) | 756 |
| Inventories | 131 | (244) | (394) |
| Financing receivables | (249) | (219) | (1,038) |
| Other assets | (955) | 66 | 15 |
| Accounts payable | 87 | 504 | 311 |
| Income taxes, net | 312 | 8,118 | 60 |
| Accrued compensation | 277 | 100 | (110) |
| Deferred revenue | 1,407 | 1,205 | 1,683 |
| Other liabilities | 151 | 83 | (697) |
| Net cash provided by operating activities | 15,831 | 13,666 | 13,876 |
| Cash flows from investing activities: | |||
| Purchases of investments | (2,416) | (14,285) | (42,702) |
| Proceeds from sales of investments | 7,388 | 17,706 | 28,827 |
| Proceeds from maturities of investments | 12,928 | 15,769 | 12,143 |
| Acquisitions and divestitures | (2,175) | (2,979) | (3,324) |
| Purchases of investments in privately held companies | (148) | (267) | (222) |
| Return of investments in privately held companies | 159 | 168 | 203 |
| Acquisition of property and equipment | (909) | (834) | (964) |
| Proceeds from sales of property and equipment | 22 | 59 | 7 |
| Other | (12) | (19) | (4) |
| Net cash provided by (used in) investing activities | 14,837 | 15,318 | (6,036) |
| Cash flows from financing activities: | |||
| Issuances of common stock | 640 | 623 | 708 |
| Repurchases of common stock - repurchase program | (20,717) | (17,547) | (3,685) |
| Shares repurchased for tax withholdings on vesting of restricted stock units | (862) | (703) | (619) |
| Short-term borrowings, original maturities of 90 days or less, net | 3,446 | (2,502) | 2,497 |
| Issuances of debt | 2,250 | 6,877 | 6,980 |
| Repayments of debt | (6,780) | (12,375) | (4,151) |
| Excess tax benefits from share-based compensation | 0 | 0 | 153 |
| Dividends paid | (5,979) | (5,968) | (5,511) |
| Other | 113 | (169) | (178) |
| Net cash used in financing activities | (27,889) | (31,764) | (3,806) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 2,779 | (2,780) | 4,034 |
| Cash, cash equivalents, and restricted cash, beginning of fiscal year | 8,993 | 11,773 | |
| Cash, cash equivalents, and restricted cash, end of fiscal year | 11,772 | 8,993 | 11,773 |
| Supplemental cash flow information: | |||
| Cash paid for interest | 839 | 910 | 897 |
| Cash paid for income taxes, net | 2,986 | 3,911 | 2,742 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CISCO SYSTEMS, INC. | ||
Ticker: CSCO Fiscal Year: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending July 27, 2019 10-K (Filed: Sept 5, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| July 27, 2019 | July 28, 2018 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 11,750 | 8,934 |
| Investments | 21,663 | 37,614 |
| Accounts receivable, net of allowance for doubtful accounts of $136 at July 27, 2019 and $129 at July 28, 2018 | 5,491 | 5,450 |
| Inventories | 1,383 | 1,544 |
| Financing receivables, net | 5,095 | 4,949 |
| Other current assets | 2,373 | 3,286 |
| Total current assets | 47,755 | 61,837 |
| Property and equipment, net | 2,789 | 3,006 |
| Financing receivables, net | 4,958 | 4,882 |
| Goodwill | 33,529 | 31,706 |
| Purchased intangible assets, net | 2,201 | 2,552 |
| Deferred tax assets | 4,065 | 3,995 |
| Other assets | 2,496 | 1,954 |
| TOTAL ASSETS | 97,793 | 109,872 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Short-term debt | 10,191 | 5,238 |
| Accounts payable | 2,059 | 1,904 |
| Income taxes payable | 1,149 | 1,015 |
| Accrued compensation | 3,221 | 2,986 |
| Deferred revenue | 10,668 | 9,788 |
| Other current liabilities | 4,424 | 4,446 |
| Total current liabilities | 31,712 | 27,035 |
| Long-term debt | 14,475 | 20,331 |
| Income taxes payable | 8,927 | 8,585 |
| Deferred revenue | 7,799 | 7,114 |
| Other long-term liabilities | 1,309 | 1,532 |
| Total liabilities | 64,222 | 65,580 |
| Commitments and contingencies (Note 13) | ||
| 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; 4,250 and 4,614 shares issued and outstanding at July 27, 2019 and July 28, 2018, respectively | 40,266 | 42,820 |
| (Accumulated deficit) Retained earnings | (5,903) | 5,130 |
| Accumulated other comprehensive income (loss) | (792) | (1,017) |
| Total Cisco shareholders equity | 33,571 | 43,204 |
| Noncontrolling interests | 0 | 0 |
| Total equity | 33,571 | 43,204 |
| TOTAL LIABILITIES AND EQUITY | 97,793 | 109,872 |
| External Links | |
| CISCO SYSTEMS, INC. (CSCO) Fiscal Year 2019 | |
| 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 |