Stock Analysis on Net
Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO)

Income Statement
Quarterly Data

Beginner level

Cisco Systems Inc., consolidated income statement (quarterly data)

US$ in millions

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3 months ended: Jul 25, 2020 Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 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
Product 8,832  8,597  8,671  9,878  10,120  9,722  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 
Service 3,322  3,386  3,334  3,281  3,308  3,236  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 
Revenue 12,154  11,983  12,005  13,159  13,428  12,958  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 
Product (3,429) (3,120) (3,126) (3,524) (3,757) (3,693) (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)
Service (1,041) (1,092) (1,115) (1,171) (1,097) (1,092) (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)
Cost of sales (4,470) (4,212) (4,241) (4,695) (4,854) (4,785) (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)
Gross margin 7,684  7,771  7,764  8,464  8,574  8,173  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 
Research and development (1,565) (1,546) (1,570) (1,666) (1,753) (1,659) (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)
Sales and marketing (2,218) (2,192) (2,279) (2,480) (2,487) (2,403) (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)
General and administrative (494) (457) (455) (519) (566) (541) (509) (211) (543) (561) (483) (557) (495) (487) (456) (555) (533) (566) (176) (539) (536) (510) (490) (504)
Amortization of purchased intangible assets (33) (34) (38) (36) (38) (39) (39) (34) (33) (67) (60) (61) (58) (59) (64) (78) (82) (81) (71) (69) (146) (70) (72) (71)
Restructuring and other charges (127) (128) (42) (184) (40) (18) (186) (78) (26) (82) (98) (152) (142) (70) (133) (411) (13) (17) (96) (142) (73) (24) (69) (318)
Operating expenses (4,437) (4,357) (4,384) (4,885) (4,884) (4,660) (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)
Operating income 3,247  3,414  3,380  3,579  3,690  3,513  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 
Interest income 187  218  242  273  305  331  328  344  353  380  396  379  360  354  329  295  273  270  237  225  211  190  189  179 
Interest expense (119) (130) (158) (178) (204) (211) (223) (221) (224) (237) (247) (235) (222) (219) (222) (198) (180) (175) (162) (159) (149) (139) (139) (139)
Other income (loss), net (9) (58) 70  12  (87) (18) 27  (19) 117  (24) 10  62  (113) (37) (21) (2) (63) (8) (10) 59  201  (22)
Interest and other income (loss), net 59  30  154  107  14  102  132  104  246  119  159  206  146  22  70  76  91  99  12  58  52  110  251  18 
Income before provision for income taxes 3,306  3,444  3,534  3,686  3,704  3,615  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 
Provision for income taxes (670) (670) (656) (760) (1,498) (571) (521) (360) 211  (562) (12,010) (568) (756) (676) (615) (631) (581) (734) (159) (707) (614) (598) (476) (532)
Net income (loss) 2,636  2,774  2,878  2,926  2,206  3,044  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 

Based on: 10-K (filing date: 2020-09-03), 10-Q (filing date: 2020-05-18), 10-Q (filing date: 2020-02-18), 10-Q (filing date: 2019-11-19), 10-K (filing date: 2019-09-05), 10-Q (filing date: 2019-05-21), 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).

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 decreased from Q2 2020 to Q3 2020 but then increased from Q3 2020 to Q4 2020 exceeding Q2 2020 level.
Operating income The net result for the period of deducting operating expenses from operating revenues. Cisco Systems Inc.’s operating income increased from Q2 2020 to Q3 2020 but then decreased significantly from Q3 2020 to Q4 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 decreased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
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) decreased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.