.Adjustments to Financial Statements
Difficulty: Advanced
Adjustments to Current Assets
Cisco Systems Inc., adjusted current assets
USD $ in millions
| Jul 29, 2017 | Jul 30, 2016 | Jul 25, 2015 | Jul 26, 2014 | Jul 27, 2013 | Jul 28, 2012 | ||
|---|---|---|---|---|---|---|---|
| As Reported | |||||||
| | Current assets | ||||||
| Adjustments | |||||||
| | Add: Allowance for doubtful accounts | ||||||
| | Less: Deferred tax assets, current1 | ||||||
| After Adjustment | |||||||
| | Adjusted current assets | ||||||
Source: Based on data from Cisco Systems Inc. Annual Reports
1 Deferred tax assets, current. See Details »
Adjustments to Total Assets
Cisco Systems Inc., adjusted total assets
USD $ in millions
| Jul 29, 2017 | Jul 30, 2016 | Jul 25, 2015 | Jul 26, 2014 | Jul 27, 2013 | Jul 28, 2012 | ||
|---|---|---|---|---|---|---|---|
| As Reported | |||||||
| | Total assets | ||||||
| Adjustments | |||||||
| | Add: Operating leased assets1 | ||||||
| | Add: Allowance for doubtful accounts | ||||||
| | Less: Deferred tax assets, current2 | ||||||
| | Less: Deferred tax assets, noncurrent3 | ||||||
| After Adjustment | |||||||
| | Adjusted total assets | ||||||
Source: Based on data from Cisco Systems Inc. Annual Reports
1 Operating leased assets. See Details »
2 Deferred tax assets, current. See Details »
3 Deferred tax assets, noncurrent. See Details »
Adjustments to Current Liabilities
Cisco Systems Inc., adjusted current liabilities
USD $ in millions
| Jul 29, 2017 | Jul 30, 2016 | Jul 25, 2015 | Jul 26, 2014 | Jul 27, 2013 | Jul 28, 2012 | ||
|---|---|---|---|---|---|---|---|
| As Reported | |||||||
| | Current liabilities | ||||||
| Adjustments | |||||||
| | Less: Deferred tax liabilities, current1 | ||||||
| | Less: Current deferred revenue | ||||||
| After Adjustment | |||||||
| | Adjusted current liabilities | ||||||
Source: Based on data from Cisco Systems Inc. Annual Reports
1 Deferred tax liabilities, current. See Details »
Adjustments to Total Liabilities
Cisco Systems Inc., adjusted total liabilities
USD $ in millions
| Jul 29, 2017 | Jul 30, 2016 | Jul 25, 2015 | Jul 26, 2014 | Jul 27, 2013 | Jul 28, 2012 | ||
|---|---|---|---|---|---|---|---|
| As Reported | |||||||
| | Total liabilities | ||||||
| Adjustments | |||||||
| | Add: Operating lease obligations1 | ||||||
| | Less: Deferred tax liabilities, current2 | ||||||
| | Less: Deferred tax liabilities, noncurrent3 | ||||||
| | Less: Deferred revenue | ||||||
| | Less: Product warranty liability | ||||||
| | Less: Restructuring liability | ||||||
| After Adjustment | |||||||
| | Adjusted total liabilities | ||||||
Source: Based on data from Cisco Systems Inc. Annual Reports
1 Operating lease obligations. See Details »
2 Deferred tax liabilities, current. See Details »
3 Deferred tax liabilities, noncurrent. See Details »
Adjustments to Stockholders' Equity
Cisco Systems Inc., adjusted total equity
USD $ in millions
| Jul 29, 2017 | Jul 30, 2016 | Jul 25, 2015 | Jul 26, 2014 | Jul 27, 2013 | Jul 28, 2012 | ||
|---|---|---|---|---|---|---|---|
| As Reported | |||||||
| | Total Cisco shareholders' equity | ||||||
| Adjustments | |||||||
| | Less: Net deferred tax assets (liabilities)1 | ||||||
| | Add: Allowance for doubtful accounts | ||||||
| | Add: Deferred revenue | ||||||
| | Add: Product warranty liability | ||||||
| | Add: Restructuring liability | ||||||
| | Add: Noncontrolling interests | ||||||
| After Adjustment | |||||||
| | Adjusted total equity | ||||||
Source: Based on data from Cisco Systems Inc. Annual Reports
1 Net deferred tax assets (liabilities). See Details »
Adjustments to Capitalization Table
Cisco Systems Inc., adjusted capitalization table
USD $ in millions
| Jul 29, 2017 | Jul 30, 2016 | Jul 25, 2015 | Jul 26, 2014 | Jul 27, 2013 | Jul 28, 2012 | ||
|---|---|---|---|---|---|---|---|
| As Reported | |||||||
| | Short-term debt | ||||||
| | Long-term debt, excluding current portion | ||||||
| | Total reported debt | ||||||
| | Total Cisco shareholders' equity | ||||||
| | Total reported capital | ||||||
| Adjustments to Debt | |||||||
| | Add: Operating lease obligations1 | ||||||
| | Adjusted total debt | ||||||
| Adjustments to Equity | |||||||
| | Less: Net deferred tax assets (liabilities)2 | ||||||
| | Add: Allowance for doubtful accounts | ||||||
| | Add: Deferred revenue | ||||||
| | Add: Product warranty liability | ||||||
| | Add: Restructuring liability | ||||||
| | Add: Noncontrolling interests | ||||||
| | Adjusted total equity | ||||||
| After Adjustment | |||||||
| | Adjusted total capital | ||||||
Source: Based on data from Cisco Systems Inc. Annual Reports
1 Operating lease obligations. See Details »
2 Net deferred tax assets (liabilities). See Details »
Adjustments to Revenues
Cisco Systems Inc., adjusted revenue
USD $ in millions
| 12 months ended | Jul 29, 2017 | Jul 30, 2016 | Jul 25, 2015 | Jul 26, 2014 | Jul 27, 2013 | Jul 28, 2012 | |
|---|---|---|---|---|---|---|---|
| As Reported | |||||||
| | Revenue | ||||||
| Adjustments | |||||||
| | Add: Increase (decrease) in deferred revenue | ||||||
| After Adjustment | |||||||
| | Adjusted revenue | ||||||
Source: Based on data from Cisco Systems Inc. Annual Reports
Adjustments to Reported Income
Cisco Systems Inc., adjusted comprehensive income
USD $ in millions
| 12 months ended | Jul 29, 2017 | Jul 30, 2016 | Jul 25, 2015 | Jul 26, 2014 | Jul 27, 2013 | Jul 28, 2012 | |
|---|---|---|---|---|---|---|---|
| As Reported | |||||||
| | Net income | ||||||
| Adjustments | |||||||
| | Add: Deferred income tax expense (benefit)1 | ||||||
| | Add: Increase (decrease) in allowance for doubtful accounts | ||||||
| | Add: Increase (decrease) in deferred revenue | ||||||
| | Add: Increase (decrease) in product warranty liability | ||||||
| | Add: Increase (decrease) in restructuring liability | ||||||
| | Add: Other comprehensive income (loss) | ||||||
| | Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest | ||||||
| After Adjustment | |||||||
| | Adjusted comprehensive income | ||||||
Source: Based on data from Cisco Systems Inc. Annual Reports
1 Deferred income tax expense (benefit). See Details »
