Microsoft Excel LibreOffice Calc

Cisco Systems Inc. (CSCO)

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

Microsoft Excel LibreOffice Calc
3 months ended Jan 26, 2019 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 9,273  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 3,173  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 12,446  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 (3,614) (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 (1,059) (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 (4,673) (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 7,773  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 (1,557) (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 (2,271) (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 (509) (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 (39) (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 (186) (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 (4,562) (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 3,211  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 328  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 (223) (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 27  (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 132  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 3,343  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 (521) (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) 2,822  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: 2019-02-19), 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 Q4 2018 to Q1 2019 but then declined significantly from Q1 2019 to Q2 2019.
Operating income The net result for the period of deducting operating expenses from operating revenues. Cisco Systems Inc.’s operating income increased from Q4 2018 to Q1 2019 but then declined significantly from Q1 2019 to Q2 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 Q4 2018 to Q1 2019 but then declined significantly from Q1 2019 to Q2 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) declined from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.