Name: Cisco Systems Inc. (NASDAQ:CSCO) | Common-Size Income Statement
Creator: Stock Analysis on Net

Common-Size Income Statement

Cisco Systems Inc., common-size consolidated income statement

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%

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.