Name: Cisco Systems Inc. (NASDAQ:CSCO) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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Cisco Systems Inc., consolidated balance sheet: assets

US$ in millions

	Jul 25, 2026	Jul 26, 2025	Jul 27, 2024	Jul 29, 2023	Jul 30, 2022	Jul 31, 2021
Cash and cash equivalents	7,218)	8,346)	7,508)	10,123)	7,079)	9,175)
Investments	8,700)	7,764)	10,346)	16,023)	12,188)	15,343)
Accounts receivable, net of allowance	7,470)	6,701)	6,685)	5,854)	6,622)	5,766)
Inventories	5,694)	3,164)	3,373)	3,644)	2,568)	1,559)
Financing receivables, net	3,392)	3,061)	3,338)	3,352)	3,905)	4,380)
Other current assets	6,191)	5,950)	5,612)	4,352)	4,355)	2,889)
Current assets	38,665)	34,986)	36,862)	43,348)	36,717)	39,112)
Property and equipment, net	2,760)	2,113)	2,090)	2,085)	1,997)	2,338)
Financing receivables, net	4,940)	3,466)	3,376)	3,483)	4,009)	4,884)
Goodwill	59,477)	59,136)	58,660)	38,535)	38,304)	38,168)
Purchased intangible assets, net	7,557)	9,175)	11,219)	1,818)	2,569)	3,619)
Deferred tax assets	7,109)	7,356)	6,262)	6,576)	4,449)	4,360)
Other assets	9,129)	6,059)	5,944)	6,007)	5,957)	5,016)
Long-term assets	90,972)	87,305)	87,551)	58,504)	57,285)	58,385)
Total assets	129,637)	122,291)	124,413)	101,852)	94,002)	97,497)

Based on: 10-K (reporting date: 2026-07-25), 10-K (reporting date: 2025-07-26), 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31).

Total assets exhibit a general upward trajectory, growing from 97,497 million US dollars in July 2021 to 129,637 million US dollars by July 2026. This growth is primarily characterized by a significant expansion in long-term assets starting in 2024, which offsets fluctuations and a general decline in certain current asset categories.

Liquidity and Short-Term Asset Trends: Cash and cash equivalents demonstrate volatility without a definitive linear trend, fluctuating between a high of 10,123 million US dollars in 2023 and a low of 7,079 million US dollars in 2022. Short-term investments show a more pronounced downward trend, decreasing from 15,343 million US dollars in 2021 to 7,764 million US dollars in 2025, before a slight recovery to 8,700 million US dollars in 2026.; Accounts receivable have remained relatively stable, though a gradual increase is observed toward the end of the period, reaching 7,470 million US dollars in 2026.; Inventories have experienced substantial growth, increasing from 1,559 million US dollars in 2021 to 5,694 million US dollars in 2026, representing a significant accumulation of physical stock over the six-year period.
Strategic and Long-Term Asset Expansion: A pivotal shift in the balance sheet occurs between July 2023 and July 2024, where goodwill increases sharply from 38,535 million US dollars to 58,660 million US dollars. This is accompanied by a corresponding surge in purchased intangible assets, which rise from 1,818 million US dollars in 2023 to 11,219 million US dollars in 2024.; The magnitude of these increases suggests major acquisition activity during the 2024 fiscal year, which fundamentally altered the composition of the asset base. Following this spike, purchased intangible assets show a gradual decline, while goodwill remains stable.; Property and equipment remained stagnant for several years near the 2,000 million US dollar mark before increasing to 2,760 million US dollars in 2026.

The overall asset structure reveals a transition from a higher reliance on liquid financial instruments toward a larger concentration of intangible and strategic assets. While current assets peaked in 2023, the long-term asset base has become the primary driver of total asset growth, shifting the company's financial profile toward a more capital-intensive or acquisition-led growth model.

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