Name: Cisco Systems Inc. (NASDAQ:CSCO) | Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Cisco Systems Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Jul 25, 2026	Jul 26, 2025	Jul 27, 2024	Jul 29, 2023	Jul 30, 2022	Jul 31, 2021
Short-term debt	10,161)	5,232)	11,341)	1,733)	1,099)	2,508)
Accounts payable	3,366)	2,528)	2,304)	2,313)	2,281)	2,362)
Income taxes payable	190)	1,857)	1,439)	4,235)	961)	801)
Accrued compensation	4,057)	3,611)	3,608)	3,984)	3,316)	3,818)
Deferred revenue	16,988)	16,416)	16,249)	13,908)	12,784)	12,148)
Other current liabilities	6,763)	5,420)	5,643)	5,136)	5,199)	4,620)
Current liabilities	41,525)	35,064)	40,584)	31,309)	25,640)	26,257)
Long-term debt, excluding current portion	19,372)	22,861)	19,621)	6,658)	8,416)	9,018)
Income taxes payable	2,339)	2,165)	3,985)	5,756)	7,725)	8,538)
Deferred revenue	12,793)	12,363)	12,226)	11,642)	10,480)	10,016)
Other long-term liabilities	3,323)	2,995)	2,540)	2,134)	1,968)	2,393)
Long-term liabilities	37,827)	40,384)	38,372)	26,190)	28,589)	29,965)
Total liabilities	79,352)	75,448)	78,956)	57,499)	54,229)	56,222)
Preferred stock, $0.001 par value; none issued and outstanding	—)	—)	—)	—)	—)	—)
Common stock and additional paid-in capital, $0.001 par value	49,676)	47,747)	45,800)	44,289)	42,714)	42,346)
Retained earnings (accumulated deficit)	1,565)	50)	1,087)	1,639)	(1,319)	(654)
Accumulated other comprehensive loss	(956)	(954)	(1,430)	(1,575)	(1,622)	(417)
Equity	50,285)	46,843)	45,457)	44,353)	39,773)	41,275)
Total liabilities and equity	129,637)	122,291)	124,413)	101,852)	94,002)	97,497)

Based on: 10-K (reporting date: 2026-07-25), 10-K (reporting date: 2025-07-26), 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31).

The financial structure exhibits a significant expansion in total liabilities and a steady increase in stockholders' equity over the observed period. A notable shift in the leverage profile occurred between 2023 and 2024, characterized by a substantial increase in both short-term and long-term debt obligations, which elevated total liabilities from 57,499 million US$ to 78,956 million US$.

Current Liabilities Trends: Current liabilities demonstrate volatility, peaking in 2024 and 2026. A primary driver of this fluctuation is short-term debt, which rose sharply from 1,733 million US$ in 2023 to 11,341 million US$ in 2024. Additionally, deferred revenue shows a consistent upward trajectory, increasing from 12,148 million US$ in 2021 to 16,988 million US$ in 2026, suggesting a growth in prepaid obligations or subscription-based revenue streams.
Long-Term Obligations: Long-term liabilities experienced a marked increase starting in 2024. Long-term debt, excluding the current portion, surged from 6,658 million US$ in 2023 to 19,621 million US$ in 2024, remaining elevated through 2026. Conversely, long-term income taxes payable showed a steady decline from 8,538 million US$ in 2021 to 2,339 million US$ in 2026, partially offsetting the rise in debt.
Stockholders' Equity Composition: Total equity grew from 41,275 million US$ in 2021 to 50,285 million US$ in 2026. This growth is predominantly driven by common stock and additional paid-in capital, which rose steadily each year. Retained earnings transitioned from an accumulated deficit of 1,319 million US$ in 2022 to a positive balance of 1,565 million US$ by 2026, indicating a recovery in retained profitability. Accumulated other comprehensive loss narrowed from a peak of 1,622 million US$ in 2022 to 956 million US$ in 2026.

The overall balance sheet indicates a strategic increase in borrowing during the 2024 fiscal period, which expanded the total capital base. While liabilities have increased, the concurrent growth in equity and the reversal of the retained earnings deficit suggest a strengthening of the internal capital position despite the higher debt load.

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