Common-Size Income Statement
Quarterly Data

Cisco Systems Inc., common-size consolidated income statement (quarterly data)

3 months ended:	Jan 27, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 23, 2021	Oct 24, 2020	Jul 25, 2020	Apr 25, 2020	Jan 25, 2020	Oct 26, 2019	Jul 27, 2019	Apr 27, 2019	Jan 26, 2019	Oct 27, 2018	Jul 28, 2018	Apr 28, 2018	Jan 27, 2018	Oct 28, 2017
Product	72.18%	75.94%	76.63%	76.12%	74.71%	75.15%	73.94%	73.61%	73.53%	73.87%	74.02%	71.38%	71.67%	71.98%	72.67%	71.74%	72.23%	75.07%	75.36%	75.03%	74.51%	75.66%	75.07%	74.65%	73.26%	74.60%
Service	27.82%	24.06%	23.37%	23.88%	25.29%	24.85%	26.06%	26.39%	26.47%	26.13%	25.98%	28.62%	28.33%	28.02%	27.33%	28.26%	27.77%	24.93%	24.64%	24.97%	25.49%	24.34%	24.93%	25.35%	26.74%	25.40%
Revenue	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Product	-26.92%	-26.98%	-27.87%	-28.39%	-29.71%	-30.66%	-30.27%	-28.10%	-28.06%	-28.47%	-27.64%	-26.73%	-25.45%	-26.88%	-28.21%	-26.04%	-26.04%	-26.78%	-27.98%	-28.50%	-29.04%	-29.06%	-29.84%	-29.09%	-28.22%	-29.79%
Service	-8.84%	-7.87%	-8.01%	-8.26%	-8.29%	-8.12%	-8.48%	-8.63%	-8.66%	-9.10%	-8.79%	-9.34%	-9.46%	-9.57%	-8.57%	-9.11%	-9.29%	-8.90%	-8.17%	-8.43%	-8.51%	-8.62%	-8.48%	-8.66%	-8.71%	-9.01%
Cost of sales	-35.76%	-34.84%	-35.88%	-36.64%	-38.00%	-38.78%	-38.75%	-36.73%	-36.72%	-37.57%	-36.43%	-36.07%	-34.92%	-36.45%	-36.78%	-35.15%	-35.33%	-35.68%	-36.15%	-36.93%	-37.55%	-37.68%	-38.32%	-37.74%	-36.92%	-38.80%
Gross margin	64.24%	65.16%	64.12%	63.36%	62.00%	61.22%	61.25%	63.27%	63.28%	62.43%	63.57%	63.93%	65.08%	63.55%	63.22%	64.85%	64.67%	64.32%	63.85%	63.07%	62.45%	62.32%	61.68%	62.26%	63.08%	61.20%
Research and development	-15.19%	-13.04%	-12.85%	-13.47%	-13.65%	-13.06%	-12.84%	-13.31%	-13.13%	-13.29%	-13.05%	-13.25%	-12.77%	-13.51%	-12.88%	-12.90%	-13.08%	-12.66%	-13.05%	-12.80%	-12.51%	-12.30%	-12.66%	-12.76%	-13.03%	-12.91%
Sales and marketing	-19.22%	-17.08%	-16.96%	-17.34%	-17.54%	-17.54%	-17.93%	-17.21%	-17.81%	-17.53%	-18.65%	-18.10%	-19.04%	-18.58%	-18.25%	-18.29%	-18.98%	-18.85%	-18.52%	-18.54%	-18.25%	-18.44%	-18.28%	-18.66%	-18.80%	-19.23%
General and administrative	-5.02%	-4.58%	-4.54%	-4.40%	-4.28%	-4.14%	-3.73%	-4.03%	-4.28%	-4.27%	-3.97%	-4.71%	-4.05%	-4.56%	-4.06%	-3.81%	-3.79%	-3.94%	-4.22%	-4.18%	-4.09%	-1.61%	-4.23%	-4.50%	-4.06%	-4.59%
Amortization of purchased intangible assets	-0.52%	-0.46%	-0.46%	-0.48%	-0.52%	-0.52%	-0.56%	-0.60%	-0.62%	-0.65%	-0.60%	-0.48%	-0.33%	-0.30%	-0.27%	-0.28%	-0.32%	-0.27%	-0.28%	-0.30%	-0.31%	-0.26%	-0.26%	-0.54%	-0.50%	-0.50%
Restructuring and other charges	-0.09%	-0.84%	-1.34%	-0.60%	-1.79%	0.01%	0.02%	0.00%	-0.02%	-0.04%	-0.06%	-0.33%	-1.96%	-5.05%	-1.04%	-1.07%	-0.35%	-1.40%	-0.30%	-0.14%	-1.49%	-0.60%	-0.20%	-0.66%	-0.82%	-1.25%
Operating expenses	-40.04%	-36.00%	-36.14%	-36.28%	-37.78%	-35.26%	-35.04%	-35.15%	-35.86%	-35.78%	-36.33%	-36.87%	-38.14%	-42.01%	-36.51%	-36.36%	-36.52%	-37.12%	-36.37%	-35.96%	-36.65%	-33.21%	-35.63%	-37.11%	-37.23%	-38.49%
Operating income	24.20%	29.15%	27.97%	27.08%	24.22%	25.97%	26.21%	28.13%	27.41%	26.65%	27.24%	27.06%	26.95%	21.54%	26.72%	28.49%	28.15%	27.20%	27.48%	27.11%	25.80%	29.11%	26.05%	25.15%	25.85%	22.71%
Interest income	2.53%	2.45%	2.05%	1.80%	1.61%	1.24%	0.98%	0.90%	0.87%	0.94%	0.99%	1.20%	1.35%	1.46%	1.54%	1.82%	2.02%	2.07%	2.27%	2.55%	2.64%	2.63%	2.75%	3.05%	3.33%	3.12%
Interest expense	-0.94%	-0.76%	-0.73%	-0.75%	-0.79%	-0.73%	-0.71%	-0.70%	-0.69%	-0.69%	-0.75%	-0.87%	-0.94%	-0.94%	-0.98%	-1.08%	-1.32%	-1.35%	-1.52%	-1.63%	-1.79%	-1.69%	-1.74%	-1.90%	-2.08%	-1.94%
Other income (loss), net	-1.09%	-0.57%	0.11%	-0.97%	0.08%	-0.98%	-0.41%	1.29%	0.73%	1.45%	0.98%	0.66%	-0.13%	0.41%	-0.07%	-0.48%	0.58%	0.09%	-0.65%	-0.14%	0.22%	-0.15%	0.91%	-0.19%	0.08%	0.51%
Interest and other income (loss), net	0.51%	1.13%	1.43%	0.08%	0.90%	-0.48%	-0.14%	1.49%	0.91%	1.70%	1.22%	0.98%	0.27%	0.93%	0.49%	0.25%	1.28%	0.81%	0.10%	0.79%	1.06%	0.80%	1.92%	0.95%	1.34%	1.70%
Income before provision for income taxes	24.71%	30.28%	29.41%	27.16%	25.13%	25.49%	26.07%	29.61%	28.33%	28.35%	28.45%	28.05%	27.22%	22.47%	27.20%	28.74%	29.44%	28.01%	27.58%	27.90%	26.86%	29.90%	27.97%	26.10%	27.19%	24.41%
Provision for income taxes	-4.12%	-5.48%	-3.37%	-5.11%	-4.72%	-5.91%	-4.59%	-5.90%	-4.95%	-5.25%	-5.53%	-5.69%	-5.94%	-4.25%	-5.51%	-5.59%	-5.46%	-5.78%	-11.16%	-4.41%	-4.19%	-2.75%	1.64%	-4.51%	-101.03%	-4.68%
Net income (loss)	20.59%	24.80%	26.03%	22.04%	20.40%	19.59%	21.49%	23.72%	23.37%	23.10%	22.92%	22.36%	21.28%	18.22%	21.69%	23.15%	23.97%	22.24%	16.43%	23.49%	22.67%	27.15%	29.61%	21.59%	-73.85%	19.73%

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Income statement item	Description	The company
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Cisco Systems Inc. operating income as a percentage of revenue increased from Q4 2023 to Q1 2024 but then decreased significantly from Q1 2024 to Q2 2024.
Income before provision for income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Cisco Systems Inc. income before provision for income taxes as a percentage of revenue increased from Q4 2023 to Q1 2024 but then decreased significantly from Q1 2024 to Q2 2024.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Cisco Systems Inc. net income (loss) as a percentage of revenue decreased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Cisco Systems Inc. (NASDAQ:CSCO)

Common-Size Income StatementQuarterly Data

Common-Size Income Statement
Quarterly Data