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
12 months ended: Jul 29, 2023 Jul 30, 2022 Jul 31, 2021 Jul 25, 2020 Jul 27, 2019 Jul 28, 2018
Product 75.69 73.74 72.29 72.98 75.15 74.42
Service 24.31 26.26 27.71 27.02 24.85 25.58
Revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Product -29.11 -28.73 -26.70 -26.77 -28.64 -29.25
Service -8.17 -8.72 -9.28 -8.96 -8.43 -8.71
Cost of sales -37.27% -37.45% -35.98% -35.74% -37.06% -37.96%
Gross margin 62.73% 62.55% 64.02% 64.26% 62.94% 62.04%
Research and development -13.25 -13.14 -13.15 -12.87 -12.67 -12.84
Sales and marketing -17.33 -17.62 -18.59 -18.60 -18.44 -18.74
General and administrative -4.35 -4.08 -4.32 -3.90 -3.52 -4.35
Amortization of purchased intangible assets -0.49 -0.61 -0.43 -0.29 -0.29 -0.45
Restructuring and other charges -0.93 -0.01 -1.78 -0.98 -0.62 -0.73
Operating expenses -36.36% -35.45% -38.26% -36.64% -35.54% -37.09%
Operating income 26.37% 27.09% 25.76% 27.63% 27.39% 24.95%
Interest income 1.69 0.92 1.24 1.87 2.52 3.06
Interest expense -0.75 -0.70 -0.87 -1.19 -1.65 -1.91
Other income (loss), net -0.44 0.76 0.49 0.03 -0.19 0.33
Interest and other income (loss), net 0.50% 0.99% 0.86% 0.71% 0.68% 1.48%
Income before provision for income taxes 26.87% 28.08% 26.62% 28.34% 28.07% 26.43%
Provision for income taxes -4.75 -5.17 -5.36 -5.59 -5.68 -26.21
Net income 22.13% 22.91% 21.26% 22.75% 22.39% 0.22%

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).

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 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
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 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Cisco Systems Inc. net income as a percentage of revenue increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.