Stock Analysis on Net
Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO)

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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.

Cisco Systems Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

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Jan 23, 2021 Oct 24, 2020 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
Short-term debt 5,000  5,002  3,005  4,506  1,499  4,000  10,191  7,777  9,737  7,241  5,238  7,736  13,741  10,239  7,992  4,248  4,451  4,155  4,160  4,164  3,008  3,027  3,897  4,418  855  1,357 
Accounts payable 1,867  2,294  2,218  2,393  1,935  2,016  2,059  2,022  1,655  1,805  1,904  1,552  1,060  1,155  1,385  1,219  957  996  1,056  1,007  962  1,119  1,104  1,118  988  1,022 
Income taxes payable 763  810  839  1,047  819  794  1,149  953  1,110  1,084  1,004  962  2,204  86  98  20  57  32  517  152  370  122  62  80  —  94 
Accrued compensation 3,295  2,978  3,122  2,940  2,690  2,735  3,221  2,872  2,599  2,622  2,986  2,966  2,736  2,684  2,895  2,825  2,522  2,619  2,951  2,745  2,667  2,611  3,049  2,726  2,694  2,638 
Deferred revenue 11,552  11,271  11,406  10,710  10,638  10,646  10,668  10,117  9,976  9,637  11,490  11,301  11,102  10,920  10,821  10,344  10,243  10,215  10,155  9,662  9,796  9,821  9,824  9,371  9,369  9,449 
Other current liabilities 4,791  4,636  4,741  4,341  4,507  4,406  4,424  4,172  4,402  4,025  4,413  4,125  4,521  4,200  4,392  4,062  4,478  5,200  6,072  6,273  5,996  5,400  5,687  5,532  6,128  5,496 
Current liabilities 27,268  26,991  25,331  25,937  22,088  24,597  31,712  27,913  29,479  26,414  27,035  28,642  35,364  29,284  27,583  22,718  22,708  23,217  24,911  24,003  22,799  22,100  23,623  23,245  20,034  20,056 
Long-term debt, excluding current portion 9,554  9,564  11,578  11,578  14,494  14,497  14,475  15,921  15,893  18,323  20,331  20,336  25,625  25,684  25,725  28,222  30,471  30,634  24,483  24,431  21,591  21,594  21,457  16,586  19,667  19,615 
Income taxes payable 8,084  8,786  8,837  8,285  8,227  8,919  8,927  8,038  7,760  8,216  8,585  9,076  9,185  883  1,250  1,168  1,025  883  925  891  706  1,490  1,876  1,294  1,433  1,504 
Deferred revenue 9,294  9,202  9,040  7,938  8,048  7,956  7,799  7,339  7,285  7,177  8,195  7,652  7,686  7,645  7,673  6,978  6,843  6,736  6,317  5,610  5,389  5,341  5,359  4,810  4,652  4,295 
Other long-term liabilities 2,280  2,303  2,147  1,948  2,036  2,100  1,309  1,272  1,256  1,451  1,434  1,641  1,668  1,476  1,450  1,482  1,383  1,404  1,431  1,361  1,279  1,263  1,459  1,444  1,403  1,793 
Long-term liabilities 29,212  29,855  31,602  29,749  32,805  33,472  32,510  32,570  32,194  35,167  38,545  38,705  44,164  35,688  36,098  37,850  39,722  39,657  33,156  32,293  28,965  29,688  30,151  24,134  27,155  27,207 
Total liabilities 56,480  56,846  56,933  55,686  54,893  58,069  64,222  60,483  61,673  61,581  65,580  67,347  79,528  64,972  63,681  60,568  62,430  62,874  58,067  56,296  51,764  51,788  53,774  47,379  47,189  47,263 
Preferred stock, no par value; none issued and outstanding —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Common stock and additional paid-in capital, $0.001 par value 41,690  41,360  41,202  40,691  40,617  40,321  40,266  40,577  41,361  41,897  42,820  43,556  44,535  44,872  45,253  45,003  44,585  44,236  44,516  44,137  43,857  43,643  43,592  43,133  42,685  41,984 
Retained earnings (accumulated deficit) (2,351) (2,756) (2,763) (3,874) (4,384) (5,083) (5,903) (2,877) 538  3,169  1,233  3,709  7,364  20,647  20,838  20,721  20,027  19,694  19,396  18,448  17,821  16,586  16,045  15,503  14,847  14,273 
Accumulated other comprehensive income (loss) (218) (447) (519) (1,109) (700) (815) (792) (896) (1,110) (1,218) (849) (604) 83  31  46  (342) (801) (524) (326) (227) (807) (252) 61  187  186  451 
Total Cisco shareholders’ equity 39,121  38,157  37,920  35,708  35,533  34,423  33,571  36,804  40,789  43,848  43,204  46,661  51,982  65,550  66,137  65,382  63,811  63,406  63,586  62,358  60,871  59,977  59,698  58,823  57,718  56,708 
Noncontrolling interests —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (1) —  10  15 
Total equity 39,121  38,157  37,920  35,708  35,533  34,423  33,571  36,804  40,789  43,848  43,204  46,661  51,982  65,550  66,137  65,382  63,818  63,413  63,585  62,358  60,878  59,985  59,707  58,833  57,733  56,715 
Total liabilities and equity 95,601  95,003  94,853  91,394  90,426  92,492  97,793  97,287  102,462  105,429  108,784  114,008  131,510  130,522  129,818  125,950  126,248  126,287  121,652  118,654  112,642  111,773  113,481  106,212  104,922  103,978 

Based on: 10-Q (filing date: 2021-02-16), 10-Q (filing date: 2020-11-17), 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).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Cisco Systems Inc.’s current liabilities increased from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Cisco Systems Inc.’s long-term liabilities decreased from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Cisco Systems Inc.’s total liabilities decreased from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.
Total Cisco shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Cisco Systems Inc.’s total Cisco shareholders’ equity increased from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.