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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
Cisco Systems Inc., Consolidated Income Statement
USD $ in millions
|12 months ended||Jul 29, 2017||Jul 30, 2016||Jul 25, 2015||Jul 26, 2014||Jul 27, 2013||Jul 28, 2012|
|Cost of sales|
|Research and development|
|Sales and marketing|
|General and administrative|
|Amortization of purchased intangible assets|
|Restructuring and other charges|
|Other income (loss), net|
|Interest and other income (loss), net|
|Income before provision for income taxes|
|Provision for income taxes|
|Revenue||Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains.||Cisco Systems Inc.'s revenue increased from 2015 to 2016 but then declined significantly from 2016 to 2017.|
|Operating income||The net result for the period of deducting operating expenses from operating revenues.||Cisco Systems Inc.'s operating income increased from 2015 to 2016 but then slightly declined from 2016 to 2017.|
|Income before provision for income taxes||Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest.||Cisco Systems Inc.'s income before provision for income taxes increased from 2015 to 2016 but then slightly declined from 2016 to 2017.|
|Net income||The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes.||Cisco Systems Inc.'s net income increased from 2015 to 2016 but then slightly declined from 2016 to 2017 not reaching 2015 level.|