Balance Sheet: Assets
Quarterly Data

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.

Cisco Systems Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Oct 25, 2025	Jul 26, 2025	Apr 26, 2025	Jan 25, 2025	Oct 26, 2024	Jul 27, 2024	Apr 27, 2024	Jan 27, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 23, 2021	Oct 24, 2020	Jul 25, 2020	Apr 25, 2020	Jan 25, 2020	Oct 26, 2019
Cash and cash equivalents	8,400)	8,346)	8,161)	8,556)	9,065)	7,508)	8,913)	13,715)	9,602)	10,123)	8,044)	9,009)	7,292)	7,079)	6,952)	6,731)	7,619)	9,175)	7,350)	11,793)	10,822)	11,809)	10,366)	8,475)	8,587)
Investments	7,336)	7,764)	7,481)	8,297)	9,606)	10,346)	9,857)	11,956)	13,921)	16,023)	15,244)	13,052)	12,492)	12,188)	13,156)	14,382)	15,727)	15,343)	16,229)	18,795)	19,190)	17,610)	18,208)	18,587)	19,448)
Accounts receivable, net of allowance	4,827)	6,701)	5,277)	5,669)	4,457)	6,685)	5,127)	4,884)	4,833)	5,854)	5,104)	5,237)	5,439)	6,622)	5,783)	6,003)	5,306)	5,766)	4,425)	4,307)	3,980)	5,472)	4,569)	4,330)	4,878)
Inventories	3,395)	3,164)	2,832)	2,927)	3,143)	3,373)	3,118)	3,209)	3,342)	3,644)	3,474)	3,140)	2,664)	2,568)	2,231)	2,059)	1,832)	1,559)	1,579)	1,436)	1,303)	1,282)	1,212)	1,353)	1,344)
Financing receivables, net	3,085)	3,061)	2,958)	3,074)	3,123)	3,338)	3,443)	3,476)	3,414)	3,352)	3,402)	3,557)	3,683)	3,905)	3,804)	3,997)	4,070)	4,380)	4,648)	5,027)	5,105)	5,051)	4,703)	4,827)	5,026)
Other current assets	5,833)	5,950)	6,107)	6,158)	6,358)	5,612)	5,428)	4,887)	4,547)	4,352)	4,682)	4,520)	4,571)	4,355)	4,055)	3,627)	3,034)	2,889)	2,829)	2,553)	2,589)	2,349)	2,249)	2,481)	2,433)
Current assets	32,876)	34,986)	32,816)	34,681)	35,752)	36,862)	35,886)	42,127)	39,659)	43,348)	39,950)	38,515)	36,141)	36,717)	35,981)	36,799)	37,588)	39,112)	37,060)	43,911)	42,989)	43,573)	41,307)	40,053)	41,716)
Property and equipment, net	2,248)	2,113)	2,076)	1,992)	2,082)	2,090)	2,000)	2,005)	2,004)	2,085)	2,047)	1,964)	1,972)	1,997)	2,046)	2,140)	2,238)	2,338)	2,367)	2,386)	2,412)	2,453)	2,535)	2,621)	2,669)
Financing receivables, net	3,719)	3,466)	3,247)	3,240)	3,411)	3,376)	3,251)	3,364)	3,324)	3,483)	3,393)	3,554)	3,618)	4,009)	3,959)	4,024)	4,546)	4,884)	5,068)	5,100)	5,516)	5,714)	4,770)	4,757)	4,831)
Goodwill	59,119)	59,136)	59,024)	58,719)	58,774)	58,660)	58,633)	39,087)	38,900)	38,535)	38,369)	38,388)	38,160)	38,304)	38,452)	38,679)	38,802)	38,168)	37,690)	34,733)	34,535)	33,806)	33,453)	33,612)	33,578)
Purchased intangible assets, net	8,713)	9,175)	9,643)	10,139)	10,744)	11,219)	11,819)	1,678)	1,914)	1,818)	1,966)	2,134)	2,360)	2,569)	2,811)	3,079)	3,350)	3,619)	3,716)	1,462)	1,581)	1,576)	1,744)	1,906)	2,107)
Deferred tax assets	7,314)	7,356)	7,016)	6,591)	6,514)	6,262)	5,527)	7,338)	7,102)	6,576)	5,817)	5,321)	4,891)	4,449)	4,276)	4,269)	4,198)	4,360)	4,070)	4,109)	4,138)	3,990)	3,909)	3,896)	3,963)
Other assets	7,113)	6,059)	5,960)	6,013)	6,056)	5,944)	5,882)	5,575)	5,879)	6,007)	5,987)	5,964)	5,912)	5,957)	5,272)	5,272)	5,259)	5,016)	3,925)	3,900)	3,832)	3,741)	3,676)	3,581)	3,628)
Long-term assets	88,226)	87,305)	86,966)	86,694)	87,581)	87,551)	87,112)	59,047)	59,123)	58,504)	57,579)	57,325)	56,913)	57,285)	56,816)	57,463)	58,393)	58,385)	56,836)	51,690)	52,014)	51,280)	50,087)	50,373)	50,776)
Total assets	121,102)	122,291)	119,782)	121,375)	123,333)	124,413)	122,998)	101,174)	98,782)	101,852)	97,529)	95,840)	93,054)	94,002)	92,797)	94,262)	95,981)	97,497)	93,896)	95,601)	95,003)	94,853)	91,394)	90,426)	92,492)

The analysis of the quarterly financial data reveals several significant trends and shifts across various asset categories over the observed periods.

Cash and Cash Equivalents: The cash and cash equivalents show fluctuations with an overall stable range between approximately $6.7 billion and $13.7 billion. Peaks are observed in early 2024, while dips occur sporadically, notably around early 2022 and mid-2024, suggesting periodic liquidity adjustments.
Investments: Investments exhibit a decreasing trend over the periods, declining from nearly $19.4 billion to about $7.3 billion. This decline may indicate divestitures, reallocation of capital, or valuation changes impacting the investment portfolio.
Accounts Receivable, Net of Allowance: Accounts receivable demonstrate volatility with intermittent increases and decreases, generally ranging between $4.3 billion and $6.7 billion. Notable peaks occur in mid-2024 and late 2021, potentially reflecting variable sales cycles and customer payment patterns.
Inventories: Inventories display a consistent upward tendency, growing from approximately $1.3 billion to over $3.3 billion. This increasing inventory level may suggest stockpiling in anticipation of demand or supply chain factors affecting inventory turnover.
Financing Receivables, Net: Financing receivables show a steady decline from around $5.0 billion to approximately $3.0 billion, indicating potential tightening of credit policies or decreased financing activities.
Other Current Assets: Other current assets increase moderately over time, growing from roughly $2.4 billion to nearly $6.4 billion. This rise points to growth in miscellaneous current asset categories, which may include prepaid expenses or other short-term assets.
Current Assets: Total current assets remain relatively stable, fluctuating between $32.8 billion and $43.3 billion, without a definitive upward or downward trend, reflecting balancing movements across constituent asset types.
Property and Equipment, Net: Net property and equipment values gradually decline from about $2.7 billion to approximately $2.2 billion, which may indicate depreciation outpacing new asset acquisitions.
Goodwill: Goodwill remains stable near $33.5 billion for the first half of the periods but then sees a substantial increase to around $58.6 billion by early 2024, maintaining that elevated level afterwards. This significant jump likely results from acquisitions or revaluations.
Purchased Intangible Assets, Net: Purchased intangible assets display an initial decline, followed by an abrupt increase to over $11.8 billion in early 2024, then a gradual decrease to about $8.7 billion. This pattern aligns with the movement in goodwill, signaling acquisition activity.
Deferred Tax Assets: Deferred tax assets generally increase from about $4.0 billion to a peak near $7.3 billion by early 2024, suggesting favorable tax positions or recognition of additional deductible temporary differences.
Other Assets: Other assets show a consistent upward trajectory from roughly $3.6 billion to $7.1 billion, indicating expansion in miscellaneous or long-term asset categories.
Long-Term Assets: Long-term assets experience substantial growth, remaining stable in the $50-59 billion range initially, then increasing sharply to over $87 billion by early 2024. This growth corresponds with the increases in goodwill and intangible assets, reinforcing signs of significant acquisition activity.
Total Assets: Total assets fluctuate around $90-101 billion initially but increase markedly to a peak of about $124.4 billion in early 2024, before slightly declining. This substantial rise is primarily driven by increases in long-term assets, particularly goodwill and intangible assets, indicating sizable corporate expansion or acquisition.

In summary, the data reveals consistent operational expansion with stable liquidity, increasing inventory holdings, and a reduction in financing receivables. The most notable development is the significant acquisition activity around early 2024, evidenced by large jumps in goodwill and purchased intangible assets, which substantially enhance total long-term and overall assets. These movements suggest strategic growth initiatives through acquisitions during this period.

Assets: Selected Items

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Current Assets: Selected Items

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Cisco Systems Inc. (NASDAQ:CSCO)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data