Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Cisco Systems Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Jul 29, 2023	Jul 30, 2022	Jul 31, 2021	Jul 25, 2020	Jul 27, 2019	Jul 28, 2018
Short-term debt	1,733)	1,099)	2,508)	3,005)	10,191)	5,238)
Accounts payable	2,313)	2,281)	2,362)	2,218)	2,059)	1,904)
Income taxes payable	4,235)	961)	801)	839)	1,149)	1,004)
Accrued compensation	3,984)	3,316)	3,818)	3,122)	3,221)	2,986)
Deferred revenue	13,908)	12,784)	12,148)	11,406)	10,668)	11,490)
Other current liabilities	5,136)	5,199)	4,620)	4,741)	4,424)	4,413)
Current liabilities	31,309)	25,640)	26,257)	25,331)	31,712)	27,035)
Long-term debt, excluding current portion	6,658)	8,416)	9,018)	11,578)	14,475)	20,331)
Income taxes payable	5,756)	7,725)	8,538)	8,837)	8,927)	8,585)
Deferred revenue	11,642)	10,480)	10,016)	9,040)	7,799)	8,195)
Other long-term liabilities	2,134)	1,968)	2,393)	2,147)	1,309)	1,434)
Long-term liabilities	26,190)	28,589)	29,965)	31,602)	32,510)	38,545)
Total liabilities	57,499)	54,229)	56,222)	56,933)	64,222)	65,580)
Preferred stock, $0.001 par value; none issued and outstanding	—)	—)	—)	—)	—)	—)
Common stock and additional paid-in capital, $0.001 par value	44,289)	42,714)	42,346)	41,202)	40,266)	42,820)
Retained earnings (accumulated deficit)	1,639)	(1,319)	(654)	(2,763)	(5,903)	1,233)
Accumulated other comprehensive loss	(1,575)	(1,622)	(417)	(519)	(792)	(849)
Equity	44,353)	39,773)	41,275)	37,920)	33,571)	43,204)
Total liabilities and equity	101,852)	94,002)	97,497)	94,853)	97,793)	108,784)

Based on: 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Cisco Systems Inc. current liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Cisco Systems Inc. long-term liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Cisco Systems Inc. total liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Cisco Systems Inc. equity decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Cisco Systems Inc. (NASDAQ:CSCO)

Balance Sheet: Liabilities and Stockholders’ Equity