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.
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- Income Statement
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Analysis of Geographic Areas
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
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Cisco Systems Inc., consolidated balance sheet: assets
US$ in millions
Based on: 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), 10-K (reporting date: 2020-07-25).
- Cash and Cash Equivalents
- There was a downward trend from 11,809 million in 2020 to 7,079 million in 2022, followed by a partial recovery to 10,123 million in 2023. However, cash levels declined again to 7,508 million in 2024 before slightly increasing to 8,346 million in 2025. Overall, cash availability demonstrated volatility with a tendency towards lower levels compared to the start of the period.
- Investments
- Investments exhibited a declining trend over the years, starting at 17,610 million in 2020, decreasing with some fluctuations to 7,764 million by 2025. The drop was especially notable between 2023 and 2025, indicating potential divestitures or reallocation of investment assets.
- Accounts Receivable, Net of Allowance
- This item showed growth from 5,472 million in 2020 to 6,701 million in 2025, with some fluctuations in the interim period. The increase suggests an expansion in credit sales or slower collections over time.
- Inventories
- Inventories more than doubled from 1,282 million in 2020 to a peak of 3,644 million in 2023, followed by a slight decline to 3,164 million in 2025. The growth indicates increased stockholding, potentially in anticipation of demand, though the recent decrease may reflect inventory optimization efforts.
- Financing Receivables, Net
- Financing receivables consistently declined from 5,051 million in 2020 to 3,061 million in 2025, reflecting a gradual reduction in financed receivables or tightening credit policies.
- Other Current Assets
- These assets showed steady growth throughout the period, climbing from 2,349 million in 2020 to 5,950 million in 2025, suggesting accumulation of prepayments or other short-term assets.
- Current Assets
- Despite fluctuations, current assets decreased overall from 43,573 million in 2020 to 34,986 million in 2025, with a peak of 43,348 million in 2023. This indicates variability in liquidity and short-term asset management with a downward trend over five years.
- Property and Equipment, Net
- Net property and equipment declined slightly from 2,453 million in 2020 to 1,997 million in 2022 but stabilized thereafter, ending at 2,113 million in 2025. The relative stability suggests limited recent investment in fixed assets.
- Goodwill
- Goodwill increased steadily from 33,806 million in 2020 to 38,535 million in 2023, followed by a significant rise to 58,136 million by 2025. This sharp increase likely reflects acquisitions or revaluations undertaken by the company in the later years.
- Purchased Intangible Assets, Net
- These assets displayed substantial volatility, increasing from 1,576 million in 2020 to 3,619 million in 2021, dipping thereafter, then surging to 11,219 million in 2024 before slightly decreasing to 9,175 million in 2025. This pattern suggests active investments in intangible assets, possibly related to acquisitions or capitalization of intellectual property.
- Deferred Tax Assets
- Deferred tax assets showed an upward trend overall, starting at 3,990 million in 2020 and rising to 7,356 million in 2025, indicating increased timing differences or tax credit recognition over time.
- Other Assets
- Other assets increased steadily from 3,741 million in 2020 to 6,059 million in 2025, reflecting growth in miscellaneous long-term assets.
- Long-term Assets
- The balance of long-term assets fluctuated moderately early in the period but saw a significant rise beginning 2024, growing from 51,280 million in 2020 to 87,305 million in 2025. This increase corresponds with the rises in goodwill and intangible assets, pointing to investment strategies centered on acquisitions.
- Total Assets
- Total assets showed moderate growth from 94,853 million in 2020 to 101,852 million in 2023, followed by a notable increase up to 124,413 million in 2024, then a slight decline to 122,291 million in 2025. The sharp asset increase in 2024 aligns with escalations in intangible and goodwill assets, indicating a period of substantial expansion or acquisition activity.