Stock Analysis on Net
Stock Analysis on Net
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Cisco Systems Inc. (NASDAQ:CSCO)

Balance Sheet: Assets

Beginner level

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

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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 
Long-term 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 decreased 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 decreased from 2017 to 2018 and from 2018 to 2019.
Long-term 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 long-term 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 decreased 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 decreased 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 decreased 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 decreased 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 decreased significantly from 2018 to 2019.