Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

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

US$ in millions

	Jan 24, 2026	Oct 25, 2025	Jul 26, 2025	Apr 26, 2025	Jan 25, 2025	Oct 26, 2024	Jul 27, 2024	Apr 27, 2024	Jan 27, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 23, 2021	Oct 24, 2020	Jul 25, 2020	Apr 25, 2020	Jan 25, 2020	Oct 26, 2019
Short-term debt	8,719)	6,725)	5,232)	6,422)	11,413)	12,364)	11,341)	11,891)	4,936)	990)	1,733)	1,731)	1,250)	1,249)	1,099)	1,000)	2,502)	506)	2,508)	2,000)	5,000)	5,002)	3,005)	4,506)	1,499)	4,000)
Accounts payable	2,762)	2,418)	2,528)	2,260)	1,902)	1,996)	2,304)	2,054)	1,848)	2,084)	2,313)	2,442)	2,329)	2,316)	2,281)	2,289)	2,101)	2,261)	2,362)	2,440)	1,867)	2,294)	2,218)	2,393)	1,935)	2,016)
Income taxes payable	195)	2,471)	1,857)	1,821)	1,884)	2,096)	1,439)	1,867)	1,876)	2,380)	4,235)	3,132)	2,200)	890)	961)	852)	837)	816)	801)	753)	763)	810)	839)	1,047)	819)	794)
Accrued compensation	3,494)	3,064)	3,611)	3,210)	3,299)	2,861)	3,608)	3,211)	3,216)	3,039)	3,984)	3,352)	3,187)	2,907)	3,316)	3,032)	3,364)	3,231)	3,818)	3,327)	3,295)	2,978)	3,122)	2,940)	2,690)	2,735)
Deferred revenue	16,199)	15,801)	16,416)	16,081)	15,999)	15,615)	16,249)	15,751)	14,011)	13,812)	13,908)	13,249)	13,109)	12,578)	12,784)	12,249)	12,268)	12,017)	12,148)	11,492)	11,552)	11,271)	11,406)	10,710)	10,638)	10,646)
Other current liabilities	5,417)	4,972)	5,420)	4,701)	5,522)	5,610)	5,643)	5,334)	4,964)	4,730)	5,136)	4,813)	5,177)	4,956)	5,199)	4,728)	4,843)	4,407)	4,620)	4,250)	4,791)	4,636)	4,741)	4,341)	4,507)	4,406)
Current liabilities	36,786)	35,451)	35,064)	34,495)	40,019)	40,542)	40,584)	40,108)	30,851)	27,035)	31,309)	28,719)	27,252)	24,896)	25,640)	24,150)	25,915)	23,238)	26,257)	24,262)	27,268)	26,991)	25,331)	25,937)	22,088)	24,597)
Long-term debt, excluding current portion	21,367)	21,364)	22,861)	22,857)	19,625)	19,623)	19,621)	20,102)	6,669)	6,660)	6,658)	6,663)	7,637)	7,629)	8,416)	8,418)	8,969)	8,996)	9,018)	9,532)	9,554)	9,564)	11,578)	11,578)	14,494)	14,497)
Income taxes payable	2,124)	2,172)	2,165)	1,874)	1,756)	3,367)	3,985)	2,869)	3,390)	5,790)	5,756)	6,725)	6,609)	7,835)	7,725)	7,689)	7,628)	8,553)	8,538)	8,247)	8,084)	8,786)	8,837)	8,285)	8,227)	8,919)
Deferred revenue	12,204)	12,168)	12,363)	11,910)	11,796)	11,887)	12,226)	11,724)	11,760)	11,847)	11,642)	11,011)	10,818)	10,441)	10,480)	10,044)	10,045)	10,055)	10,016)	9,397)	9,294)	9,202)	9,040)	7,938)	8,048)	7,956)
Other long-term liabilities	3,167)	3,074)	2,995)	2,711)	2,649)	2,637)	2,540)	2,427)	2,253)	2,240)	2,134)	2,116)	2,050)	1,981)	1,968)	2,096)	2,209)	2,438)	2,393)	2,253)	2,280)	2,303)	2,147)	1,948)	2,036)	2,100)
Long-term liabilities	38,862)	38,778)	40,384)	39,352)	35,826)	37,514)	38,372)	37,122)	24,072)	26,537)	26,190)	26,515)	27,114)	27,886)	28,589)	28,247)	28,851)	30,042)	29,965)	29,429)	29,212)	29,855)	31,602)	29,749)	32,805)	33,472)
Total liabilities	75,648)	74,229)	75,448)	73,847)	75,845)	78,056)	78,956)	77,230)	54,923)	53,572)	57,499)	55,234)	54,366)	52,782)	54,229)	52,397)	54,766)	53,280)	56,222)	53,691)	56,480)	56,846)	56,933)	55,686)	54,893)	58,069)
Preferred stock, $0.001 par value; none issued and outstanding	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock and additional paid-in capital, $0.001 par value	48,493)	48,167)	47,747)	46,916)	46,521)	45,991)	45,800)	45,343)	45,002)	44,546)	44,289)	43,639)	43,424)	42,984)	42,714)	42,587)	42,291)	42,621)	42,346)	41,949)	41,690)	41,360)	41,202)	40,691)	40,617)	40,321)
Retained earnings (accumulated deficit)	66)	(364)	50)	152)	502)	662)	1,087)	2,055)	2,761)	2,689)	1,639)	262)	(364)	(594)	(1,319)	(724)	(2,006)	553)	(654)	(1,456)	(2,351)	(2,756)	(2,763)	(3,874)	(4,384)	(5,083)
Accumulated other comprehensive loss	(836)	(930)	(954)	(1,133)	(1,493)	(1,376)	(1,430)	(1,630)	(1,512)	(2,025)	(1,575)	(1,606)	(1,586)	(2,118)	(1,622)	(1,463)	(789)	(473)	(417)	(288)	(218)	(447)	(519)	(1,109)	(700)	(815)
Total equity	47,723)	46,873)	46,843)	45,935)	45,530)	45,277)	45,457)	45,768)	46,251)	45,210)	44,353)	42,295)	41,474)	40,272)	39,773)	40,400)	39,496)	42,701)	41,275)	40,205)	39,121)	38,157)	37,920)	35,708)	35,533)	34,423)
Total liabilities and equity	123,371)	121,102)	122,291)	119,782)	121,375)	123,333)	124,413)	122,998)	101,174)	98,782)	101,852)	97,529)	95,840)	93,054)	94,002)	92,797)	94,262)	95,981)	97,497)	93,896)	95,601)	95,003)	94,853)	91,394)	90,426)	92,492)

The liabilities and stockholders’ equity of the company exhibit notable fluctuations over the observed period from October 2019 to January 2026. Overall, total liabilities generally remained within a range of approximately $53 billion to $58 billion for much of the period, with a significant increase observed in late 2023 and early 2024, peaking at $77.23 billion and $78.956 billion respectively, before declining somewhat. Total equity demonstrated a generally increasing trend, rising from $34.423 billion to a high of $48.493 billion in October 2025, before experiencing a slight decrease. Consequently, total liabilities and equity increased substantially in the latter part of the period.

Short-Term Debt: Short-term debt displayed considerable volatility. It began at $4 billion in October 2019, decreased substantially to $1.499 billion in January 2020, and then fluctuated significantly, peaking at $5.002 billion in October 2020. A subsequent decline was observed, followed by a sharp increase to $11.891 billion in January 2025, before decreasing again to $6.422 billion by October 2025. This suggests active management of short-term financing needs or potentially strategic borrowing for specific initiatives.
Accounts Payable: Accounts payable remained relatively stable, generally fluctuating between $1.848 billion and $2.528 billion throughout the period. There was a slight downward trend from late 2023 to early 2025, followed by a modest increase. This indicates consistent supplier payment practices.
Income Taxes Payable: Income taxes payable exhibited a significant increase from $0.794 billion in October 2019 to a peak of $4.235 billion in July 2023. This was followed by a substantial decrease to $0.195 billion in October 2023, and then a fluctuating pattern. The large increase in 2023 likely reflects changes in tax liabilities or timing of tax payments. The subsequent decrease suggests a reversal of these factors.
Accrued Compensation: Accrued compensation generally trended upward, increasing from $2.735 billion to $3.984 billion in July 2023, before decreasing to $3.064 billion in October 2025. This suggests a growing workforce or increasing compensation levels, with some fluctuations potentially related to timing of payroll accruals.
Deferred Revenue: Deferred revenue demonstrated a consistent upward trend throughout the period, increasing from $10.646 billion to $16.416 billion in July 2025, before decreasing slightly to $16.199 billion in October 2025. This indicates a growing backlog of contracted revenue, potentially reflecting increased sales of subscription-based services or long-term contracts.
Long-Term Debt: Long-term debt, excluding the current portion, generally decreased from $14.497 billion in October 2019 to $6.658 billion in July 2023. However, it then increased significantly to $20.102 billion in January 2025, before decreasing to $21.367 billion in October 2025. This suggests a shift in the company’s capital structure, potentially involving new debt issuance or refinancing activities.
Total Equity: Total equity exhibited a generally positive trend, increasing from $34.423 billion in October 2019 to $47.723 billion in October 2025. This growth was primarily driven by increases in common stock and additional paid-in capital, and fluctuating retained earnings. Retained earnings were negative for the first half of the period, becoming positive in April 2023 and increasing substantially thereafter. Accumulated other comprehensive loss remained consistently negative, but relatively stable.

The substantial increase in total liabilities and equity in the latter part of the period warrants further investigation to understand the underlying drivers and potential implications for the company’s financial health and future performance. The volatility in short-term debt and income taxes payable also merits attention.

AI Ask an analyst for more

Download chart

Cisco Systems Inc. (NASDAQ:CSCO)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data