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
| 3 months ended | Oct 27, 2018 | 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 | 9,890 | 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 | 3,182 | 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 | 13,072 | 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 | (3,799) | (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 | (1,127) | (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 | (4,926) | (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 | 8,146 | 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 | (1,608) | (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 | (2,410) | (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 | (211) | (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 | (34) | (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 | (78) | (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 | (4,341) | (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 | 3,805 | 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 | 344 | 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 | (221) | (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 | (19) | 117 | (24) | 10 | 62 | 8 | (113) | (37) | (21) | (2) | 4 | (63) | (8) | (10) | 59 | 201 | (22) | 56 | 76 | 55 | 56 | 29 | (14) | (22) | (33) | ||||||||||||||||||||||||||
| Interest and other income (loss), net | 104 | 246 | 119 | 159 | 206 | 146 | 22 | 70 | 76 | 91 | 99 | 12 | 58 | 52 | 110 | 251 | 18 | 97 | 100 | 88 | 85 | 57 | 3 | (9) | (20) | ||||||||||||||||||||||||||
| Income before (provision for) benefit from income taxes | 3,909 | 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 | (360) | 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) | 3,549 | 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 |
Based on: 10-Q (filing date: 2018-11-20), 10-K (filing date: 2018-09-06), 10-Q (filing date: 2018-05-22), 10-Q (filing date: 2018-02-20), 10-Q (filing date: 2017-11-21), 10-K (filing date: 2017-09-07), 10-Q (filing date: 2017-05-23), 10-Q (filing date: 2017-02-21), 10-Q (filing date: 2016-11-22), 10-K (filing date: 2016-09-08), 10-Q (filing date: 2016-05-24), 10-Q (filing date: 2016-02-18), 10-Q (filing date: 2015-11-19), 10-K (filing date: 2015-09-08), 10-Q (filing date: 2015-05-20), 10-Q (filing date: 2015-02-18), 10-Q (filing date: 2014-11-20), 10-K (filing date: 2014-09-09), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-Q (filing date: 2013-11-22), 10-K (filing date: 2013-09-10), 10-Q (filing date: 2013-05-21), 10-Q (filing date: 2013-02-19), 10-Q (filing date: 2012-11-20).
| 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 Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019. |
| Operating income | The net result for the period of deducting operating expenses from operating revenues. | Cisco Systems Inc.'s operating income increased from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019. |
| Income before (provision for) benefit from 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) benefit from income taxes increased from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019. |
| Net income (loss) | 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 (loss) increased from Q3 2018 to Q4 2018 but then slightly declined from Q4 2018 to Q1 2019. |