Cisco Systems Inc. (CSCO)

Statement of Financial Position, Assets

Difficulty: Beginner

The statement of financial position 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 Statement of Financial Position, Assets

USD $ in millions

	Jul 28, 2018	Jul 29, 2017	Jul 30, 2016	Jul 25, 2015	Jul 26, 2014	Jul 27, 2013
Cash and cash equivalents	8,934	11,708	7,631	6,877	6,726	7,925
Investments	37,614	58,784	58,125	53,539	45,348	42,685
Accounts receivable, net of allowance for doubtful accounts	5,554	5,146	5,847	5,344	5,157	5,470
Inventories	1,846	1,616	1,217	1,627	1,591	1,476
Financing receivables, net	4,949	4,856	4,272	4,491	4,153	4,037
Deferred tax assets	–	–	–	2,915	2,808	2,616
Other current assets	2,940	1,593	1,627	1,490	1,331	1,312
Current assets	61,837	83,703	78,719	76,283	67,114	65,521
Property and equipment, net	3,006	3,322	3,506	3,332	3,252	3,322
Financing receivables, net	4,882	4,738	4,158	3,858	3,918	3,911
Goodwill	31,706	29,766	26,625	24,469	24,239	21,919
Purchased intangible assets, net	2,552	2,539	2,501	2,376	3,280	3,403
Deferred tax assets	3,219	4,239	4,299	1,648	1,700	1,539
Other assets	1,582	1,511	1,844	1,515	1,631	1,576
Noncurrent assets	46,947	46,115	42,933	37,198	38,020	35,670
Total assets	108,784	129,818	121,652	113,481	105,134	101,191

Based on: 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), 10-K (filing date: 2013-09-10).

Assets, Selected Items

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 increased from 2016 to 2017 but then declined significantly from 2017 to 2018.
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 2016 to 2017 and from 2017 to 2018.
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 2016 to 2017 and from 2017 to 2018.
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 increased from 2016 to 2017 but then declined significantly from 2017 to 2018.

Current Assets, Selected Items

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 increased from 2016 to 2017 but then slightly declined from 2017 to 2018 not reaching 2016 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 increased from 2016 to 2017 but then declined significantly from 2017 to 2018.
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 declined from 2016 to 2017 but then increased from 2017 to 2018 not reaching 2016 level.
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 2016 to 2017 and from 2017 to 2018.