Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Cisco Systems Inc. (NASDAQ:CSCO)

Income Statement

Beginner level

Cisco Systems Inc., consolidated income statement

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended: Jul 25, 2020 Jul 27, 2019 Jul 28, 2018 Jul 29, 2017 Jul 30, 2016 Jul 25, 2015
Product 35,978  39,005  36,709  35,705  37,254  37,750 
Service 13,323  12,899  12,621  12,300  11,993  11,411 
Revenue 49,301  51,904  49,330  48,005  49,247  49,161 
Product (13,199) (14,863) (14,427) (13,699) (14,161) (15,377)
Service (4,419) (4,375) (4,297) (4,082) (4,126) (4,103)
Cost of sales (17,618) (19,238) (18,724) (17,781) (18,287) (19,480)
Gross margin 31,683  32,666  30,606  30,224  30,960  29,681 
Research and development (6,347) (6,577) (6,332) (6,059) (6,296) (6,207)
Sales and marketing (9,169) (9,571) (9,242) (9,184) (9,619) (9,821)
General and administrative (1,925) (1,827) (2,144) (1,993) (1,814) (2,040)
Amortization of purchased intangible assets (141) (150) (221) (259) (303) (359)
Restructuring and other charges (481) (322) (358) (756) (268) (484)
Operating expenses (18,063) (18,447) (18,297) (18,251) (18,300) (18,911)
Operating income 13,620  14,219  12,309  11,973  12,660  10,770 
Interest income 920  1,308  1,508  1,338  1,005  769 
Interest expense (585) (859) (943) (861) (676) (566)
Other income (loss), net 15  (97) 165  (163) (69) 228 
Interest and other income (loss), net 350  352  730  314  260  431 
Income before provision for income taxes 13,970  14,571  13,039  12,287  12,920  11,201 
Provision for income taxes (2,756) (2,950) (12,929) (2,678) (2,181) (2,220)
Net income 11,214  11,621  110  9,609  10,739  8,981 

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).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Cisco Systems Inc.’s revenue increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.
Operating income The net result for the period of deducting operating expenses from operating revenues. Cisco Systems Inc.’s operating income increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.
Income before provision for income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Cisco Systems Inc.’s income before provision for income taxes increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Cisco Systems Inc.’s net income increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.