Stock Analysis on Net
Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO)

Common-Size Income Statement
Quarterly Data

Beginner level

Cisco Systems Inc., common-size consolidated income statement (quarterly data)

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3 months ended: Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015 Jul 25, 2015 Apr 25, 2015 Jan 24, 2015 Oct 25, 2014 Jul 26, 2014 Apr 26, 2014 Jan 25, 2014 Oct 26, 2013
Product 71.74 72.23 75.07 75.36 75.03 74.51 75.66 75.07 74.65 73.26 74.60 74.40 74.41 73.32 75.31 75.58 73.96 75.32 77.62 77.17 76.84 76.06 77.05 77.14 76.40 75.51 77.76
Service 28.26 27.77 24.93 24.64 24.97 25.49 24.34 24.93 25.35 26.74 25.40 25.60 25.59 26.68 24.69 24.42 26.04 24.68 22.38 22.83 23.16 23.94 22.95 22.86 23.60 24.49 22.24
Revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Product -26.04 -26.04 -26.78 -27.98 -28.50 -29.04 -29.06 -29.84 -29.09 -28.22 -29.79 -29.56 -28.52 -28.54 -27.55 -28.60 -26.78 -29.18 -30.38 -31.67 -29.53 -31.89 -32.00 -32.18 -31.14 -38.75 -31.01
Service -9.11 -9.29 -8.90 -8.17 -8.43 -8.51 -8.62 -8.48 -8.66 -8.71 -9.01 -8.25 -8.52 -8.63 -8.62 -8.30 -8.88 -8.51 -7.86 -8.11 -8.47 -8.71 -8.11 -7.90 -8.18 -7.90 -7.70
Cost of sales -35.15% -35.33% -35.68% -36.15% -36.93% -37.55% -37.68% -38.32% -37.74% -36.92% -38.80% -37.81% -37.04% -37.17% -36.17% -36.90% -35.66% -37.69% -38.24% -39.79% -38.00% -40.60% -40.11% -40.07% -39.32% -46.65% -38.71%
Gross margin 64.85% 64.67% 64.32% 63.85% 63.07% 62.45% 62.32% 61.68% 62.26% 63.08% 61.20% 62.19% 62.96% 62.83% 63.83% 63.10% 64.34% 62.31% 61.76% 60.21% 62.00% 59.40% 59.89% 59.93% 60.68% 53.35% 61.29%
Research and development -12.90 -13.08 -12.66 -13.05 -12.80 -12.51 -12.30 -12.66 -12.76 -13.03 -12.91 -12.35 -12.62 -13.02 -12.51 -12.67 -13.55 -12.65 -12.30 -12.05 -12.75 -12.81 -12.93 -12.89 -13.56 -12.66 -14.27
Sales and marketing -18.29 -18.98 -18.85 -18.52 -18.54 -18.25 -18.44 -18.28 -18.66 -18.80 -19.23 -19.10 -18.64 -19.19 -19.58 -19.33 -20.39 -19.17 -19.26 -19.85 -20.18 -19.34 -20.54 -20.01 -20.29 -20.41 -19.95
General and administrative -3.81 -3.79 -3.94 -4.22 -4.18 -4.09 -1.61 -4.23 -4.50 -4.06 -4.59 -4.08 -4.08 -3.94 -4.49 -4.22 -4.72 -1.48 -4.25 -4.17 -4.20 -4.11 -4.12 -4.11 -3.98 -4.04 -4.26
Amortization of purchased intangible assets -0.28 -0.32 -0.27 -0.28 -0.30 -0.31 -0.26 -0.26 -0.54 -0.50 -0.50 -0.48 -0.49 -0.55 -0.63 -0.65 -0.68 -0.60 -0.54 -1.14 -0.58 -0.60 -0.58 -0.55 -0.61 -0.64 -0.54
Restructuring and other charges -1.07 -0.35 -1.40 -0.30 -0.14 -1.49 -0.60 -0.20 -0.66 -0.82 -1.25 -1.17 -0.59 -1.15 -3.33 -0.10 -0.14 -0.80 -1.12 -0.57 -0.20 -0.58 -2.60 -0.66 -0.23 -0.65 -1.96
Operating expenses -36.36% -36.52% -37.12% -36.37% -35.96% -36.65% -33.21% -35.63% -37.11% -37.23% -38.49% -37.19% -36.42% -37.85% -40.54% -36.97% -39.48% -34.69% -37.48% -37.78% -37.90% -37.43% -40.76% -38.23% -38.67% -38.40% -40.98%
Operating income 28.49% 28.15% 27.20% 27.48% 27.11% 25.80% 29.11% 26.05% 25.15% 25.85% 22.71% 25.01% 26.54% 24.98% 23.29% 26.14% 24.87% 27.62% 24.28% 22.43% 24.10% 21.97% 19.13% 21.70% 22.02% 14.94% 20.31%
Interest income 1.82 2.02 2.07 2.27 2.55 2.64 2.63 2.75 3.05 3.33 3.12 2.97 2.96 2.84 2.39 2.16 2.25 1.99 1.77 1.64 1.57 1.58 1.46 1.48 1.47 1.52 1.40
Interest expense -1.08 -1.32 -1.35 -1.52 -1.63 -1.79 -1.69 -1.74 -1.90 -2.08 -1.94 -1.83 -1.83 -1.92 -1.60 -1.42 -1.46 -1.36 -1.25 -1.16 -1.15 -1.16 -1.14 -1.15 -1.26 -1.22 -1.16
Other income (loss), net -0.48 0.58 0.09 -0.65 -0.14 0.22 -0.15 0.91 -0.19 0.08 0.51 0.07 -0.95 -0.32 -0.17 -0.02 0.03 -0.53 -0.06 -0.08 0.49 1.68 -0.18 0.45 0.66 0.49 0.46
Interest and other income (loss), net 0.25% 1.28% 0.81% 0.10% 0.79% 1.06% 0.80% 1.92% 0.95% 1.34% 1.70% 1.20% 0.18% 0.60% 0.62% 0.72% 0.83% 0.10% 0.46% 0.40% 0.91% 2.10% 0.15% 0.78% 0.87% 0.79% 0.70%
Income before provision for income taxes 28.74% 29.44% 28.01% 27.58% 27.90% 26.86% 29.90% 27.97% 26.10% 27.19% 24.41% 26.21% 26.73% 25.59% 23.91% 26.86% 25.69% 27.72% 24.74% 22.84% 25.01% 24.07% 19.27% 22.48% 22.88% 15.73% 21.02%
Provision for income taxes -5.59 -5.46 -5.78 -11.16 -4.41 -4.19 -2.75 1.64 -4.51 -101.03 -4.68 -6.23 -5.66 -5.31 -5.11 -4.60 -6.12 -1.33 -5.57 -4.78 -4.93 -3.99 -4.34 -4.30 -3.99 -2.92 -4.50
Net income (loss) 23.15% 23.97% 22.24% 16.43% 23.49% 22.67% 27.15% 29.61% 21.59% -73.85% 19.73% 19.98% 21.06% 20.28% 18.80% 22.26% 19.58% 26.39% 19.16% 18.06% 20.08% 20.08% 14.93% 18.18% 18.89% 12.81% 16.52%

Based on: 10-Q (filing date: 2020-05-18), 10-Q (filing date: 2020-02-18), 10-Q (filing date: 2019-11-19), 10-K (filing date: 2019-09-05), 10-Q (filing date: 2019-05-21), 10-Q (filing date: 2019-02-19), 10-Q (filing date: 2018-11-20), 10-K (filing date: 2018-09-06), 10-Q (filing date: 2018-05-22), 10-Q (filing date: 2018-02-20), 10-Q (filing date: 2017-11-21), 10-K (filing date: 2017-09-07), 10-Q (filing date: 2017-05-23), 10-Q (filing date: 2017-02-21), 10-Q (filing date: 2016-11-22), 10-K (filing date: 2016-09-08), 10-Q (filing date: 2016-05-24), 10-Q (filing date: 2016-02-18), 10-Q (filing date: 2015-11-19), 10-K (filing date: 2015-09-08), 10-Q (filing date: 2015-05-20), 10-Q (filing date: 2015-02-18), 10-Q (filing date: 2014-11-20), 10-K (filing date: 2014-09-09), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-Q (filing date: 2013-11-22).

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 Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
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 Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020.
Net income (loss) 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 (loss) as a percentage of revenue increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020.