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 25, 2020 Jul 27, 2019 Jul 28, 2018 Jul 29, 2017 Jul 30, 2016 Jul 25, 2015
Cash and cash equivalents 11,809  11,750  8,934  11,708  7,631  6,877 
Investments 17,610  21,663  37,614  58,784  58,125  53,539 
Accounts receivable, net of allowance for doubtful accounts 5,472  5,491  5,554  5,146  5,847  5,344 
Inventories 1,282  1,383  1,846  1,616  1,217  1,627 
Financing receivables, net 5,051  5,095  4,949  4,856  4,272  4,491 
Deferred tax assets —  —  —  —  —  2,915 
Other current assets 2,349  2,373  2,940  1,593  1,627  1,490 
Current assets 43,573  47,755  61,837  83,703  78,719  76,283 
Property and equipment, net 2,453  2,789  3,006  3,322  3,506  3,332 
Financing receivables, net 5,714  4,958  4,882  4,738  4,158  3,858 
Goodwill 33,806  33,529  31,706  29,766  26,625  24,469 
Purchased intangible assets, net 1,576  2,201  2,552  2,539  2,501  2,376 
Deferred tax assets 3,990  4,065  3,219  4,239  4,299  1,648 
Other assets 3,741  2,496  1,582  1,511  1,844  1,515 
Long-term assets 51,280  50,038  46,947  46,115  42,933  37,198 
Total assets 94,853  97,793  108,784  129,818  121,652  113,481 

Based on: 10-K (filing date: 2020-09-03), 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).

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 2018 to 2019 and from 2019 to 2020.
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 2018 to 2019 and from 2019 to 2020.
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 2018 to 2019 and from 2019 to 2020.
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 2018 to 2019 and from 2019 to 2020.

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 increased from 2018 to 2019 and from 2019 to 2020.
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 2018 to 2019 and from 2019 to 2020.
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 decreased from 2018 to 2019 and from 2019 to 2020.
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 decreased from 2018 to 2019 and from 2019 to 2020.