Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO)

Common-Size Income Statement
Quarterly Data

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

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3 months ended: 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 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018
Product 73.07 72.26 71.04 72.18 75.94 76.63 76.12 74.71 75.15 73.94 73.61 73.53 73.87 74.02 71.38 71.67 71.98 72.67 71.74 72.23 75.07 75.36 75.03 74.51 75.66
Services 26.93 27.74 28.96 27.82 24.06 23.37 23.88 25.29 24.85 26.06 26.39 26.47 26.13 25.98 28.62 28.33 28.02 27.33 28.26 27.77 24.93 24.64 24.97 25.49 24.34
Revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Product -25.48 -26.71 -25.94 -26.92 -26.98 -27.87 -28.39 -29.71 -30.66 -30.27 -28.10 -28.06 -28.47 -27.64 -26.73 -25.45 -26.88 -28.21 -26.04 -26.04 -26.78 -27.98 -28.50 -29.04 -29.06
Services -8.63 -8.92 -8.93 -8.84 -7.87 -8.01 -8.26 -8.29 -8.12 -8.48 -8.63 -8.66 -9.10 -8.79 -9.34 -9.46 -9.57 -8.57 -9.11 -9.29 -8.90 -8.17 -8.43 -8.51 -8.62
Cost of sales -34.10% -35.63% -34.87% -35.76% -34.84% -35.88% -36.64% -38.00% -38.78% -38.75% -36.73% -36.72% -37.57% -36.43% -36.07% -34.92% -36.45% -36.78% -35.15% -35.33% -35.68% -36.15% -36.93% -37.55% -37.68%
Gross margin 65.90% 64.37% 65.13% 64.24% 65.16% 64.12% 63.36% 62.00% 61.22% 61.25% 63.27% 63.28% 62.43% 63.57% 63.93% 65.08% 63.55% 63.22% 64.85% 64.67% 64.32% 63.85% 63.07% 62.45% 62.32%
Research and development -16.52 -15.97 -15.34 -15.19 -13.04 -12.85 -13.47 -13.65 -13.06 -12.84 -13.31 -13.13 -13.29 -13.05 -13.25 -12.77 -13.51 -12.88 -12.90 -13.08 -12.66 -13.05 -12.80 -12.51 -12.30
Sales and marketing -19.88 -20.83 -20.15 -19.22 -17.08 -16.96 -17.34 -17.54 -17.54 -17.93 -17.21 -17.81 -17.53 -18.65 -18.10 -19.04 -18.58 -18.25 -18.29 -18.98 -18.85 -18.52 -18.54 -18.25 -18.44
General and administrative -5.74 -5.59 -5.79 -5.02 -4.58 -4.54 -4.40 -4.28 -4.14 -3.73 -4.03 -4.28 -4.27 -3.97 -4.71 -4.05 -4.56 -4.06 -3.81 -3.79 -3.94 -4.22 -4.18 -4.09 -1.61
Amortization of purchased intangible assets -1.91 -1.96 -2.34 -0.52 -0.46 -0.46 -0.48 -0.52 -0.52 -0.56 -0.60 -0.62 -0.65 -0.60 -0.48 -0.33 -0.30 -0.27 -0.28 -0.32 -0.27 -0.28 -0.30 -0.31 -0.26
Restructuring and other charges -4.80 -0.82 -4.27 -0.09 -0.84 -1.34 -0.60 -1.79 0.01 0.02 0.00 -0.02 -0.04 -0.06 -0.33 -1.96 -5.05 -1.04 -1.07 -0.35 -1.40 -0.30 -0.14 -1.49 -0.60
Operating expenses -48.86% -45.18% -47.88% -40.04% -36.00% -36.14% -36.28% -37.78% -35.26% -35.04% -35.15% -35.86% -35.78% -36.33% -36.87% -38.14% -42.01% -36.51% -36.36% -36.52% -37.12% -36.37% -35.96% -36.65% -33.21%
Operating income 17.04% 19.19% 17.25% 24.20% 29.15% 27.97% 27.08% 24.22% 25.97% 26.21% 28.13% 27.41% 26.65% 27.24% 27.06% 26.95% 21.54% 26.72% 28.49% 28.15% 27.20% 27.48% 27.11% 25.80% 29.11%
Interest income 2.07 1.98 3.24 2.53 2.45 2.05 1.80 1.61 1.24 0.98 0.90 0.87 0.94 0.99 1.20 1.35 1.46 1.54 1.82 2.02 2.07 2.27 2.55 2.64 2.63
Interest expense -3.02 -3.06 -2.81 -0.94 -0.76 -0.73 -0.75 -0.79 -0.73 -0.71 -0.70 -0.69 -0.69 -0.75 -0.87 -0.94 -0.94 -0.98 -1.08 -1.32 -1.35 -1.52 -1.63 -1.79 -1.69
Other income (loss), net 0.30 -0.54 -0.08 -1.09 -0.57 0.11 -0.97 0.08 -0.98 -0.41 1.29 0.73 1.45 0.98 0.66 -0.13 0.41 -0.07 -0.48 0.58 0.09 -0.65 -0.14 0.22 -0.15
Interest and other income (loss), net -0.66% -1.63% 0.35% 0.51% 1.13% 1.43% 0.08% 0.90% -0.48% -0.14% 1.49% 0.91% 1.70% 1.22% 0.98% 0.27% 0.93% 0.49% 0.25% 1.28% 0.81% 0.10% 0.79% 1.06% 0.80%
Income before (provision for) benefit from income taxes 16.38% 17.56% 17.60% 24.71% 30.28% 29.41% 27.16% 25.13% 25.49% 26.07% 29.61% 28.33% 28.35% 28.45% 28.05% 27.22% 22.47% 27.20% 28.74% 29.44% 28.01% 27.58% 27.90% 26.86% 29.90%
(Provision for) benefit from income taxes 3.21 -1.72 -2.75 -4.12 -5.48 -3.37 -5.11 -4.72 -5.91 -4.59 -5.90 -4.95 -5.25 -5.53 -5.69 -5.94 -4.25 -5.51 -5.59 -5.46 -5.78 -11.16 -4.41 -4.19 -2.75
Net income 19.59% 15.85% 14.85% 20.59% 24.80% 26.03% 22.04% 20.40% 19.59% 21.49% 23.72% 23.37% 23.10% 22.92% 22.36% 21.28% 18.22% 21.69% 23.15% 23.97% 22.24% 16.43% 23.49% 22.67% 27.15%

Based on: 10-Q (reporting date: 2024-10-26), 10-K (reporting date: 2024-07-27), 10-Q (reporting date: 2024-04-27), 10-Q (reporting date: 2024-01-27), 10-Q (reporting date: 2023-10-28), 10-K (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-K (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-23), 10-Q (reporting date: 2020-10-24), 10-K (reporting date: 2020-07-25), 10-Q (reporting date: 2020-04-25), 10-Q (reporting date: 2020-01-25), 10-Q (reporting date: 2019-10-26), 10-K (reporting date: 2019-07-27), 10-Q (reporting date: 2019-04-27), 10-Q (reporting date: 2019-01-26), 10-Q (reporting date: 2018-10-27).

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 increased from Q3 2024 to Q4 2024 but then decreased significantly from Q4 2024 to Q1 2025.
Income before (provision for) benefit from 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) benefit from income taxes as a percentage of revenue decreased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
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 increased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.