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

	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	Jul 27, 2019	Apr 27, 2019	Jan 26, 2019	Oct 27, 2018
Cash and cash equivalents	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)	11,750)	10,251)	9,835)	8,410)
Investments	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)	21,663)	24,392)	30,548)	34,183)
Accounts receivable, net of allowance	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)	5,491)	3,795)	3,745)	4,536)
Inventories	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)	1,383)	1,513)	1,701)	1,572)
Financing receivables, net	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)	5,095)	5,029)	5,057)	4,851)
Other current assets	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)	2,373)	2,331)	2,231)	2,134)
Current assets	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)	47,755)	47,311)	53,117)	55,686)
Property and equipment, net	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)	2,789)	2,834)	2,931)	2,956)
Financing receivables, net	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)	4,958)	4,862)	4,565)	4,644)
Goodwill	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)	33,529)	33,544)	33,293)	33,386)
Purchased intangible assets, net	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)	2,201)	2,398)	2,270)	2,716)
Deferred tax assets	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)	4,065)	4,023)	4,081)	3,960)
Other assets	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)	2,496)	2,315)	2,205)	2,081)
Long-term assets	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)	50,038)	49,976)	49,345)	49,743)
Total assets	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)	97,793)	97,287)	102,462)	105,429)

The analysis of the quarterly financial data reveals several notable trends and patterns in the key asset categories over the observed periods.

Cash and Cash Equivalents: Cash balances exhibit volatility with peaks in multiple quarters. After an initial increase reaching around 11,750 million USD in mid-2019, cash levels declined and fluctuated around a lower range until a significant spike occurred in early 2024, reaching 13,715 million USD. Subsequently, cash balances decreased again, but remained above the lowest historical values in the dataset.
Investments: Investments display a consistent downward trend from the start of the period, falling from 34,183 million USD in late 2018 to below 10,000 million USD by 2025. This indicates a systematic reduction in investment holdings over time, which may reflect portfolio optimization, asset reallocation, or divestments.
Accounts Receivable, Net: Accounts receivable shows intermittent increases and decreases without a clear long-term directional trend. Peaks occur in mid-2021 and late 2024, demonstrating periods of increased credit sales or slower collection, balanced by declines in other quarters. The overall pattern suggests moderate variability related to sales cycles or credit management policies.
Inventories: Inventories steadily increased over the entire period, moving from 1,572 million USD to over 3,600 million USD at its highest point. Although there are some short-term fluctuations, the general upward trajectory may indicate buildup of stock, strategic accumulation, or responses to supply chain considerations.
Financing Receivables, Net: Financing receivables show a subtle decreasing trend, declining from around 4,850 million USD to roughly 3,000 million USD by the end of the last reported quarter. This reduction suggests either lower financing activity or improved collections and write-offs in this asset class over time.
Other Current Assets: Other current assets increased steadily from approximately 2,100 million USD to over 6,300 million USD. This growth reflects an expanding component of current assets not captured by primary line items, possibly indicating diversification or accumulation of miscellaneous assets.
Current Assets: Total current assets declined in the earlier periods from about 55,686 million USD to a trough near 35,752 million USD, followed by a partial recovery and then stabilization at slightly lower levels later. This trend highlights variability in liquidity and short-term asset management, with notable declines especially post-2021.
Property and Equipment, Net: Net property and equipment show a gradual decline from nearly 3,000 million USD to around 2,000 million USD. The steady decrease indicates asset depreciation outpacing additions or limited capital expenditure on fixed assets.
Goodwill: Goodwill remains relatively stable in the earlier quarters but experiences a substantial increase between late 2021 and mid-2024, rising from approximately 38,000 million USD to nearly 59,000 million USD. This reflects significant acquisitions or revaluations of intangible assets during this period.
Purchased Intangible Assets, Net: Purchased intangible assets fluctuate throughout the timeline with a noticeable spike around 2021, followed by a decline later on. This pattern may be linked to acquisition activity and subsequent amortization or impairment charges reducing net values over time.
Deferred Tax Assets: Deferred tax assets exhibit a steady increase from about 3,960 million USD to over 7,000 million USD. This consistent growth suggests increasing timing differences or recognized tax benefits accruing from various temporary differences.
Other Assets: Other assets show gradual growth and stability, moving from 2,081 million USD to a range around 6,000 million USD. The data indicates an expansion in miscellaneous long-term assets over time.
Long-term Assets: Long-term assets overall present a steady increase, starting from 49,743 million USD and rising to over 87,000 million USD in the latter periods. This growth aligns with the trends seen in goodwill and other asset classes, underscoring investment in long-term resources and acquisitions.
Total Assets: Total assets initially decline from about 105,429 million USD to a low near 92,797 million USD, followed by a gradual increase and a significant jump to over 124,000 million USD in early 2024. There is a slight decrease afterward but total asset levels remain elevated compared to the early years. This overall pattern highlights periods of asset contraction followed by expansion tied to operational growth and acquisition activity.

In summary, the data indicate strategic shifts in asset composition, with increases in intangible and deferred tax assets, reductions in investment holdings, and growth in inventories and other asset categories. The rise in goodwill and intangible assets points to acquisition-driven growth, while cash and current asset fluctuations suggest active liquidity management. Property and equipment assets decline steadily, possibly reflecting a shift away from physical capital investment toward intangible and financial assets.

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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