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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

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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.