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: 2022 | |||
Consolidated Statements of Operations | |||
Period Ending July 30, 2022 10-K (Filed: Sept 8, 2022) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 30, 2022 | July 31, 2021 | July 25, 2020 | |
| REVENUE: | |||
| Total revenue | $ 51,557 | 49,818 | 49,301 |
| COST OF SALES: | |||
| Total cost of sales | 19,309 | 17,924 | 17,618 |
| GROSS MARGIN | 32,248 | 31,894 | 31,683 |
| OPERATING EXPENSES: | |||
| Research and development | 6,774 | 6,549 | 6,347 |
| Sales and marketing | 9,085 | 9,259 | 9,169 |
| General and administrative | 2,101 | 2,152 | 1,925 |
| Amortization of purchased intangible assets | 313 | 215 | 141 |
| Restructuring and other charges | 6 | 886 | 481 |
| Total operating expenses | 18,279 | 19,061 | 18,063 |
| OPERATING INCOME | 13,969 | 12,833 | 13,620 |
| Interest income | 476 | 618 | 920 |
| Interest expense | (360) | (434) | (585) |
| Other income (loss), net | 392 | 245 | 15 |
| Interest and other income (loss), net | 508 | 429 | 350 |
| INCOME BEFORE PROVISION FOR INCOME TAXES | 14,477 | 13,262 | 13,970 |
| Provision for income taxes | 2,665 | 2,671 | 2,756 |
| NET INCOME | 11,812 | 10,591 | 11,214 |
| Net income per share: | |||
| Basic (in dollars per share) | 2.83 | 2.51 | 2.65 |
| Diluted (in dollars per share) | 2.82 | 2.50 | 2.64 |
| Shares used in per-share calculation: | |||
| Basic (in shares) | 4,170 | 4,222 | 4,236 |
| Diluted (in shares) | 4,192 | 4,236 | 4,254 |
| Product and Service | |||
| Product | |||
| Total revenue | 38,018 | 36,014 | 35,978 |
| Total cost of sales | 14,814 | 13,300 | 13,199 |
| Service | |||
| Total revenue | 13,539 | 13,804 | 13,323 |
| Total cost of sales | 4,495 | 4,624 | 4,419 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CISCO SYSTEMS, INC. | |||
Ticker: CSCO Fiscal Year: 2022 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending July 30, 2022 10-K (Filed: Sept 8, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 30, 2022 | July 31, 2021 | July 25, 2020 | |
| Net income | $ 11,812 | 10,591 | 11,214 |
| Available-for-sale investments: | |||
| Change in net unrealized gains and losses, net of tax benefit (expense) of $174, $46, and $(84) for fiscal 2022, 2021, and 2020, respectively | (557) | (95) | 336 |
| Net (gains) losses reclassified into earnings, net of tax expense (benefit) of $5, $15, and $21 for fiscal 2022, 2021, and 2020, respectively | (4) | (38) | (21) |
| Total available-for-sale investments | (561) | (133) | 315 |
| Cash flow hedging instruments: | |||
| Change in unrealized gains and losses, net of tax benefit (expense) of $(20), $(4), and $0 for fiscal 2022, 2021, and 2020, respectively | 67 | 16 | 7 |
| Net (gains) losses reclassified into earnings, net of tax (benefit) expense of $7, $3, and $0 for fiscal 2022, 2021, and 2020, respectively | (22) | (11) | 1 |
| Total cash flow hedging instruments | 45 | 5 | 8 |
| Net change in cumulative translation adjustment and actuarial gains and losses, net of tax benefit (expense) of $(44), $(2), and $(5) for fiscal 2022, 2021, and 2020, respectively | (689) | 230 | (50) |
| Other comprehensive income (loss) | (1,205) | 102 | 273 |
| Comprehensive income | 10,607 | 10,693 | 11,487 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CISCO SYSTEMS, INC. | |||
Ticker: CSCO Fiscal Year: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending July 30, 2022 10-K (Filed: Sept 8, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| July 30, 2022 | July 31, 2021 | July 25, 2020 | |
| Cash flows from operating activities: | |||
| Net income | $ 11,812 | 10,591 | 11,214 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization, and other | 1,957 | 1,862 | 1,808 |
| Share-based compensation expense | 1,886 | 1,761 | 1,569 |
| Provision (benefit) for receivables | 55 | (6) | 93 |
| Deferred income taxes | (309) | (384) | (38) |
| (Gains) losses on divestitures, investments and other, net | (453) | (354) | (138) |
| Change in operating assets and liabilities, net of effects of acquisitions and divestitures: | |||
| Accounts receivable | (1,009) | (107) | (107) |
| Inventories | (1,030) | (244) | 84 |
| Financing receivables | 1,241 | 1,577 | (797) |
| Other assets | (1,615) | (797) | 96 |
| Accounts payable | (55) | (53) | 141 |
| Income taxes, net | (690) | (549) | (322) |
| Accrued compensation | (427) | 643 | (78) |
| Deferred revenue | 1,328 | 1,560 | 2,011 |
| Other liabilities | 535 | (46) | (110) |
| Net cash provided by operating activities | 13,226 | 15,454 | 15,426 |
| Cash flows from investing activities: | |||
| Purchases of investments | (6,070) | (9,328) | (9,212) |
| Proceeds from sales of investments | 2,660 | 3,373 | 5,631 |
| Proceeds from maturities of investments | 5,686 | 8,409 | 7,975 |
| Acquisitions, net of cash and cash equivalents acquired and divestitures | (373) | (7,038) | (327) |
| Purchases of investments in privately held companies | (186) | (175) | (190) |
| Return of investments in privately held companies | 237 | 194 | 224 |
| Acquisition of property and equipment | (477) | (692) | (770) |
| Proceeds from sales of property and equipment | 91 | 28 | 179 |
| Other | (15) | (56) | (10) |
| Net cash provided by (used in) investing activities | 1,553 | (5,285) | 3,500 |
| Cash flows from financing activities: | |||
| Issuances of common stock | 660 | 643 | 655 |
| Repurchases of common stock - repurchase program | (7,689) | (2,877) | (2,659) |
| Shares repurchased for tax withholdings on vesting of restricted stock units | (692) | (636) | (727) |
| Short-term borrowings, original maturities of 90 days or less, net | 606 | (5) | (3,470) |
| Issuances of debt | 1,049 | 0 | 0 |
| Repayments of debt | (3,550) | (3,000) | (6,720) |
| Dividends paid | (6,224) | (6,163) | (6,016) |
| Other | (122) | (59) | 81 |
| Net cash used in financing activities | (15,962) | (12,097) | (18,856) |
| Effect of foreign currency exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | (180) | 58 | (30) |
| Net (decrease) increase in cash, cash equivalents, restricted cash and restricted cash equivalents | (1,363) | (1,870) | 40 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of fiscal year | 9,942 | 11,812 | |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, end of fiscal year | 8,579 | 9,942 | 11,812 |
| Supplemental cash flow information: | |||
| Cash paid for interest | 355 | 438 | 603 |
| Cash paid for income taxes, net | 3,663 | 3,604 | 3,116 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CISCO SYSTEMS, INC. | ||
Ticker: CSCO Fiscal Year: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending July 30, 2022 10-K (Filed: Sept 8, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| July 30, 2022 | July 31, 2021 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 7,079 | 9,175 |
| Investments | 12,188 | 15,343 |
| Accounts receivable, net of allowance of $83 at July 30, 2022 and $109 at July 31, 2021 | 6,622 | 5,766 |
| Inventories | 2,568 | 1,559 |
| Financing receivables, net | 3,905 | 4,380 |
| Other current assets | 4,355 | 2,889 |
| Total current assets | 36,717 | 39,112 |
| Property and equipment, net | 1,997 | 2,338 |
| Financing receivables, net | 4,009 | 4,884 |
| Goodwill | 38,304 | 38,168 |
| Purchased intangible assets, net | 2,569 | 3,619 |
| Deferred tax assets | 4,449 | 4,360 |
| Other assets | 5,957 | 5,016 |
| TOTAL ASSETS | 94,002 | 97,497 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Short-term debt | 1,099 | 2,508 |
| Accounts payable | 2,281 | 2,362 |
| Income taxes payable | 961 | 801 |
| Accrued compensation | 3,316 | 3,818 |
| Deferred revenue | 12,784 | 12,148 |
| Other current liabilities | 5,199 | 4,620 |
| Total current liabilities | 25,640 | 26,257 |
| Long-term debt | 8,416 | 9,018 |
| Income taxes payable | 7,725 | 8,538 |
| Deferred revenue | 10,480 | 10,016 |
| Other long-term liabilities | 1,968 | 2,393 |
| Total liabilities | 54,229 | 56,222 |
| Commitments and contingencies (Note 14) | ||
| Equity: | ||
| Cisco stockholders equity: | ||
| Preferred stock, $0.001 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; 4,110 and 4,217 shares issued and outstanding at July 30, 2022 and July 31, 2021, respectively | 42,714 | 42,346 |
| Accumulated deficit | (1,319) | (654) |
| Accumulated other comprehensive loss | (1,622) | (417) |
| Total equity | 39,773 | 41,275 |
| TOTAL LIABILITIES AND EQUITY | 94,002 | 97,497 |
| External Links | |
| CISCO SYSTEMS, INC. (CSCO) Fiscal Year 2022 | |
| 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 |