Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Cisco Systems Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Jul 29, 2023	Jul 30, 2022	Jul 31, 2021	Jul 25, 2020	Jul 27, 2019	Jul 28, 2018
Net income	12,613)	11,812)	10,591)	11,214)	11,621)	110)
Depreciation, amortization, and other	1,726)	1,957)	1,862)	1,808)	1,897)	2,192)
Share-based compensation expense	2,353)	1,886)	1,761)	1,569)	1,570)	1,576)
Provision (benefit) for receivables	31)	55)	(6)	93)	40)	(134)
Deferred income taxes	(2,085)	(309)	(384)	(38)	(350)	900)
(Gains) losses on divestitures, investments and other, net	206)	(453)	(354)	(138)	(24)	(322)
Accounts receivable	734)	(1,009)	(107)	(107)	(84)	(269)
Inventories	(1,069)	(1,030)	(244)	84)	131)	(244)
Financing receivables	1,102)	1,241)	1,577)	(797)	(249)	(219)
Other assets	5)	(1,615)	(797)	96)	(955)	66)
Accounts payable	27)	(55)	(53)	141)	87)	504)
Income taxes, net	1,218)	(690)	(549)	(322)	312)	8,118)
Accrued compensation	651)	(427)	643)	(78)	277)	100)
Deferred revenue	2,326)	1,328)	1,560)	2,011)	1,407)	1,205)
Other liabilities	48)	535)	(46)	(110)	151)	83)
Change in operating assets and liabilities, net of effects of acquisitions and divestitures	5,042)	(1,722)	1,984)	918)	1,077)	9,344)
Adjustments to reconcile net income to net cash provided by operating activities	7,273)	1,414)	4,863)	4,212)	4,210)	13,556)
Net cash provided by operating activities	19,886)	13,226)	15,454)	15,426)	15,831)	13,666)
Purchases of investments	(10,871)	(6,070)	(9,328)	(9,212)	(2,416)	(14,285)
Proceeds from sales of investments	1,054)	2,660)	3,373)	5,631)	7,388)	17,706)
Proceeds from maturities of investments	5,978)	5,686)	8,409)	7,975)	12,928)	15,769)
Acquisitions, net of cash and cash equivalents acquired and divestitures	(301)	(373)	(7,038)	(327)	(2,175)	(2,979)
Purchases of investments in privately held companies	(185)	(186)	(175)	(190)	(148)	(267)
Return of investments in privately held companies	90)	237)	194)	224)	159)	168)
Acquisition of property and equipment	(849)	(477)	(692)	(770)	(909)	(834)
Proceeds from sales of property and equipment	3)	91)	28)	179)	22)	59)
Other	(26)	(15)	(56)	(10)	(12)	(13)
Net cash (used in) provided by investing activities	(5,107)	1,553)	(5,285)	3,500)	14,837)	15,324)
Issuances of common stock	700)	660)	643)	655)	640)	623)
Repurchases of common stock, repurchase program	(4,293)	(7,689)	(2,877)	(2,659)	(20,717)	(17,547)
Shares repurchased for tax withholdings on vesting of restricted stock units	(597)	(692)	(636)	(727)	(862)	(703)
Short-term borrowings, original maturities of 90 days or less, net	(602)	606)	(5)	(3,470)	3,446)	(2,502)
Issuances of debt	—)	1,049)	—)	—)	2,250)	6,877)
Repayments of debt	(500)	(3,550)	(3,000)	(6,720)	(6,780)	(12,375)
Dividends paid	(6,302)	(6,224)	(6,163)	(6,016)	(5,979)	(5,968)
Other	(32)	(122)	(1)	51)	113)	(169)
Net cash used in financing activities	(11,626)	(15,962)	(12,039)	(18,886)	(27,889)	(31,764)
Effect of foreign currency exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents	(105)	(180)	—)	—)	—)	—)
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents	3,048)	(1,363)	(1,870)	40)	2,779)	(2,774)
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of fiscal year	8,579)	9,942)	11,812)	11,772)	8,993)	11,708)
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of fiscal year	11,627)	8,579)	9,942)	11,812)	11,772)	8,934)

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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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Cisco Systems Inc. net cash provided by operating activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net cash (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Cisco Systems Inc. net cash (used in) provided by investing activities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Cisco Systems Inc. net cash used in financing activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Cisco Systems Inc. (NASDAQ:CSCO)

Cash Flow Statement