Cisco Systems Inc. (CSCO)

Balance Sheet: Assets

Low level of difficulty

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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.

Cisco Systems Inc., consolidated balance sheet: assets

US$ in millions

	Jul 27, 2019	Jul 28, 2018	Jul 29, 2017	Jul 30, 2016	Jul 25, 2015	Jul 26, 2014
Cash and cash equivalents	11,750	8,934	11,708	7,631	6,877	6,726
Investments	21,663	37,614	58,784	58,125	53,539	45,348
Accounts receivable, net of allowance for doubtful accounts	5,491	5,554	5,146	5,847	5,344	5,157
Inventories	1,383	1,846	1,616	1,217	1,627	1,591
Financing receivables, net	5,095	4,949	4,856	4,272	4,491	4,153
Deferred tax assets	—	—	—	—	2,915	2,808
Other current assets	2,373	2,940	1,593	1,627	1,490	1,331
Current assets	47,755	61,837	83,703	78,719	76,283	67,114
Property and equipment, net	2,789	3,006	3,322	3,506	3,332	3,252
Financing receivables, net	4,958	4,882	4,738	4,158	3,858	3,918
Goodwill	33,529	31,706	29,766	26,625	24,469	24,239
Purchased intangible assets, net	2,201	2,552	2,539	2,501	2,376	3,280
Deferred tax assets	4,065	3,219	4,239	4,299	1,648	1,700
Other assets	2,496	1,582	1,511	1,844	1,515	1,631
Noncurrent assets	50,038	46,947	46,115	42,933	37,198	38,020
Total assets	97,793	108,784	129,818	121,652	113,481	105,134

Based on: 10-K (filing date: 2019-09-05), 10-K (filing date: 2018-09-06), 10-K (filing date: 2017-09-07), 10-K (filing date: 2016-09-08), 10-K (filing date: 2015-09-08), 10-K (filing date: 2014-09-09).

Assets: Selected Items

Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Cisco Systems Inc.’s current assets declined from 2017 to 2018 and from 2018 to 2019.
Property and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Cisco Systems Inc.’s property and equipment, net declined from 2017 to 2018 and from 2018 to 2019.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Cisco Systems Inc.’s noncurrent assets increased from 2017 to 2018 and from 2018 to 2019.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Cisco Systems Inc.’s total assets declined from 2017 to 2018 and from 2018 to 2019.

Current Assets: Selected Items

Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Cisco Systems Inc.’s cash and cash equivalents declined from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
Investments	Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.	Cisco Systems Inc.’s investments declined from 2017 to 2018 and from 2018 to 2019.
Accounts receivable, net of allowance for doubtful accounts	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Cisco Systems Inc.’s accounts receivable, net of allowance for doubtful accounts increased from 2017 to 2018 but then slightly declined from 2018 to 2019.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Cisco Systems Inc.’s inventories increased from 2017 to 2018 but then declined significantly from 2018 to 2019.