Stock Analysis on Net
Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO)

Common-Size Income Statement

Cisco Systems Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Jul 27, 2024 Jul 29, 2023 Jul 30, 2022 Jul 31, 2021 Jul 25, 2020 Jul 27, 2019
Product 72.96 75.69 73.74 72.29 72.98 75.15
Services 27.04 24.31 26.26 27.71 27.02 24.85
Revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Product -26.65 -29.11 -28.73 -26.70 -26.77 -28.64
Services -8.62 -8.17 -8.72 -9.28 -8.96 -8.43
Cost of sales -35.27% -37.27% -37.45% -35.98% -35.74% -37.06%
Gross margin 64.73% 62.73% 62.55% 64.02% 64.26% 62.94%
Research and development -14.84 -13.25 -13.14 -13.15 -12.87 -12.67
Sales and marketing -19.26 -17.33 -17.62 -18.59 -18.60 -18.44
General and administrative -5.23 -4.35 -4.08 -4.32 -3.90 -3.52
Amortization of purchased intangible assets -1.30 -0.49 -0.61 -0.43 -0.29 -0.29
Restructuring and other charges -1.47 -0.93 -0.01 -1.78 -0.98 -0.62
Operating expenses -42.09% -36.36% -35.45% -38.26% -36.64% -35.54%
Operating income 22.64% 26.37% 27.09% 25.76% 27.63% 27.39%
Interest income 2.54 1.69 0.92 1.24 1.87 2.52
Interest expense -1.87 -0.75 -0.70 -0.87 -1.19 -1.65
Other income (loss), net -0.57 -0.44 0.76 0.49 0.03 -0.19
Interest and other income (loss), net 0.10% 0.50% 0.99% 0.86% 0.71% 0.68%
Income before provision for income taxes 22.74% 26.87% 28.08% 26.62% 28.34% 28.07%
Provision for income taxes -3.56 -4.75 -5.17 -5.36 -5.59 -5.68
Net income 19.18% 22.13% 22.91% 21.26% 22.75% 22.39%

Based on: 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), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Cisco Systems Inc. operating income as a percentage of revenue decreased from 2022 to 2023 and from 2023 to 2024.
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. income before provision for income taxes as a percentage of revenue decreased from 2022 to 2023 and from 2023 to 2024.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Cisco Systems Inc. net income as a percentage of revenue decreased from 2022 to 2023 and from 2023 to 2024.