Stock Analysis on Net
Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO)

Common-Size Income Statement

Cisco Systems Inc., common-size consolidated income statement

Microsoft Excel LibreOffice Calc
12 months ended: Jul 31, 2021 Jul 25, 2020 Jul 27, 2019 Jul 28, 2018 Jul 29, 2017 Jul 30, 2016
Product 72.29 72.98 75.15 74.42 74.38 75.65
Service 27.71 27.02 24.85 25.58 25.62 24.35
Revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Product -26.70 -26.77 -28.64 -29.25 -28.54 -28.76
Service -9.28 -8.96 -8.43 -8.71 -8.50 -8.38
Cost of sales -35.98% -35.74% -37.06% -37.96% -37.04% -37.13%
Gross margin 64.02% 64.26% 62.94% 62.04% 62.96% 62.87%
Research and development -13.15 -12.87 -12.67 -12.84 -12.62 -12.78
Sales and marketing -18.59 -18.60 -18.44 -18.74 -19.13 -19.53
General and administrative -4.32 -3.90 -3.52 -4.35 -4.15 -3.68
Amortization of purchased intangible assets -0.43 -0.29 -0.29 -0.45 -0.54 -0.62
Restructuring and other charges -1.78 -0.98 -0.62 -0.73 -1.57 -0.54
Operating expenses -38.26% -36.64% -35.54% -37.09% -38.02% -37.16%
Operating income 25.76% 27.63% 27.39% 24.95% 24.94% 25.71%
Interest income 1.24 1.87 2.52 3.06 2.79 2.04
Interest expense -0.87 -1.19 -1.65 -1.91 -1.79 -1.37
Other income (loss), net 0.49 0.03 -0.19 0.33 -0.34 -0.14
Interest and other income (loss), net 0.86% 0.71% 0.68% 1.48% 0.65% 0.53%
Income before provision for income taxes 26.62% 28.34% 28.07% 26.43% 25.60% 26.24%
Provision for income taxes -5.36 -5.59 -5.68 -26.21 -5.58 -4.43
Net income 21.26% 22.75% 22.39% 0.22% 20.02% 21.81%

Based on: 10-K (filing date: 2021-09-09), 10-K (filing date: 2020-09-03), 10-K (filing date: 2019-09-05), 10-K (filing date: 2018-09-06), 10-K (filing date: 2017-09-07), 10-K (filing date: 2016-09-08).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Cisco Systems Inc.’s operating income as a percentage of revenue increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
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.’s income before provision for income taxes as a percentage of revenue increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Cisco Systems Inc.’s net income as a percentage of revenue increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.