Income Statement
Quarterly Data

Difficulty: Beginner

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 (quarterly data)

USD $ in millions

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3 months ended Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015 Jul 25, 2015 Apr 25, 2015 Jan 24, 2015 Oct 25, 2014 Jul 26, 2014 Apr 26, 2014 Jan 25, 2014 Oct 26, 2013 Jul 27, 2013 Apr 27, 2013 Jan 26, 2013 Oct 27, 2012
Product 9,642  9,304  8,709  9,054  9,027  8,885  8,491  9,302  9,552  8,875  8,983  9,844  9,911  9,326  9,078  9,435  9,532  8,820  8,423  9,397  9,736  9,559  9,437  9,297 
Service 3,202  3,159  3,178  3,082  3,106  3,055  3,089  3,050  3,086  3,125  2,944  2,838  2,932  2,811  2,858  2,810  2,825  2,725  2,732  2,688  2,681  2,657  2,661  2,579 
Revenue 12,844  12,463  11,887  12,136  12,133  11,940  11,580  12,352  12,638  12,000  11,927  12,682  12,843  12,137  11,936  12,245  12,357  11,545  11,155  12,085  12,417  12,216  12,098  11,876 
Product (3,833) (3,625) (3,354) (3,615) (3,586) (3,405) (3,305) (3,403) (3,614) (3,214) (3,480) (3,853) (4,068) (3,584) (3,806) (3,919) (3,976) (3,595) (4,323) (3,747) (4,154) (3,782) (3,857) (3,748)
Service (1,089) (1,079) (1,035) (1,094) (1,001) (1,017) (999) (1,065) (1,049) (1,065) (1,015) (997) (1,042) (1,028) (1,040) (993) (976) (944) (881) (931) (916) (923) (898) (889)
Cost of sales (4,922) (4,704) (4,389) (4,709) (4,587) (4,422) (4,304) (4,468) (4,663) (4,279) (4,495) (4,850) (5,110) (4,612) (4,846) (4,912) (4,952) (4,539) (5,204) (4,678) (5,070) (4,705) (4,755) (4,637)
Gross margin 7,922  7,759  7,498  7,427  7,546  7,518  7,276  7,884  7,975  7,721  7,432  7,832  7,733  7,525  7,090  7,333  7,405  7,006  5,951  7,407  7,347  7,511  7,343  7,239 
Research and development (1,626) (1,590) (1,549) (1,567) (1,499) (1,507) (1,508) (1,545) (1,601) (1,626) (1,509) (1,560) (1,548) (1,547) (1,529) (1,583) (1,593) (1,565) (1,412) (1,724) (1,517) (1,542) (1,452) (1,431)
Sales and marketing (2,348) (2,325) (2,235) (2,334) (2,318) (2,226) (2,222) (2,418) (2,443) (2,447) (2,286) (2,443) (2,549) (2,449) (2,308) (2,515) (2,473) (2,342) (2,277) (2,411) (2,360) (2,375) (2,387) (2,416)
General and administrative (543) (561) (483) (557) (495) (487) (456) (555) (533) (566) (176) (539) (536) (510) (490) (504) (508) (460) (451) (515) (590) (530) (584) (560)
Amortization of purchased intangible assets (33) (67) (60) (61) (58) (59) (64) (78) (82) (81) (71) (69) (146) (70) (72) (71) (68) (71) (71) (65) (66) (89) (118) (122)
Restructuring and other charges (26) (82) (98) (152) (142) (70) (133) (411) (13) (17) (96) (142) (73) (24) (69) (318) (82) (26) (73) (237) (33) (13) (59)
Operating expenses (4,576) (4,625) (4,425) (4,671) (4,512) (4,349) (4,383) (5,007) (4,672) (4,737) (4,138) (4,753) (4,852) (4,600) (4,468) (4,991) (4,724) (4,464) (4,284) (4,952) (4,533) (4,569) (4,554) (4,588)
Operating income 3,346  3,134  3,073  2,756  3,034  3,169  2,893  2,877  3,303  2,984  3,294  3,079  2,881  2,925  2,622  2,342  2,681  2,542  1,667  2,455  2,814  2,942  2,789  2,651 
Interest income 353  380  396  379  360  354  329  295  273  270  237  225  211  190  189  179  183  170  169  169  171  162  160  161 
Interest expense (224) (237) (247) (235) (222) (219) (222) (198) (180) (175) (162) (159) (149) (139) (139) (139) (142) (146) (136) (140) (143) (145) (147) (148)
Other income (loss), net 117  (24) 10  62  (113) (37) (21) (2) (63) (8) (10) 59  201  (22) 56  76  55  56  29  (14) (22) (33)
Interest and other income (loss), net 246  119  159  206  146  22  70  76  91  99  12  58  52  110  251  18  97  100  88  85  57  (9) (20)
Income before (provision for) benefit from income taxes 3,592  3,253  3,232  2,962  3,180  3,191  2,963  2,953  3,394  3,083  3,306  3,137  2,933  3,035  2,873  2,360  2,778  2,642  1,755  2,540  2,871  2,945  2,780  2,631 
(Provision for) benefit from income taxes 211  (562) (12,010) (568) (756) (676) (615) (631) (581) (734) (159) (707) (614) (598) (476) (532) (531) (461) (326) (544) (601) (467) 363  (539)
Net income (loss) 3,803  2,691  (8,778) 2,394  2,424  2,515  2,348  2,322  2,813  2,349  3,147  2,430  2,319  2,437  2,397  1,828  2,247  2,181  1,429  1,996  2,270  2,478  3,143  2,092 
Source: Cisco Systems Inc., Quarterly and Annual Reports
Item Description The company
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 Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.
Operating income The net result for the period of deducting operating expenses from operating revenues. Cisco Systems Inc.'s operating income increased from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.
Income before (provision for) benefit from 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) benefit from income taxes increased from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.
Net income (loss) 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 (loss) increased from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.