Balance Sheet: Assets
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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Cisco Systems Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	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
Cash and cash equivalents	8,346)	8,161)	8,556)	9,065)	7,508)	8,913)	13,715)	9,602)	10,123)	8,044)	9,009)	7,292)	7,079)	6,952)	6,731)	7,619)	9,175)	7,350)	11,793)	10,822)	11,809)	10,366)	8,475)	8,587)
Investments	7,764)	7,481)	8,297)	9,606)	10,346)	9,857)	11,956)	13,921)	16,023)	15,244)	13,052)	12,492)	12,188)	13,156)	14,382)	15,727)	15,343)	16,229)	18,795)	19,190)	17,610)	18,208)	18,587)	19,448)
Accounts receivable, net of allowance	6,701)	5,277)	5,669)	4,457)	6,685)	5,127)	4,884)	4,833)	5,854)	5,104)	5,237)	5,439)	6,622)	5,783)	6,003)	5,306)	5,766)	4,425)	4,307)	3,980)	5,472)	4,569)	4,330)	4,878)
Inventories	3,164)	2,832)	2,927)	3,143)	3,373)	3,118)	3,209)	3,342)	3,644)	3,474)	3,140)	2,664)	2,568)	2,231)	2,059)	1,832)	1,559)	1,579)	1,436)	1,303)	1,282)	1,212)	1,353)	1,344)
Financing receivables, net	3,061)	2,958)	3,074)	3,123)	3,338)	3,443)	3,476)	3,414)	3,352)	3,402)	3,557)	3,683)	3,905)	3,804)	3,997)	4,070)	4,380)	4,648)	5,027)	5,105)	5,051)	4,703)	4,827)	5,026)
Other current assets	5,950)	6,107)	6,158)	6,358)	5,612)	5,428)	4,887)	4,547)	4,352)	4,682)	4,520)	4,571)	4,355)	4,055)	3,627)	3,034)	2,889)	2,829)	2,553)	2,589)	2,349)	2,249)	2,481)	2,433)
Current assets	34,986)	32,816)	34,681)	35,752)	36,862)	35,886)	42,127)	39,659)	43,348)	39,950)	38,515)	36,141)	36,717)	35,981)	36,799)	37,588)	39,112)	37,060)	43,911)	42,989)	43,573)	41,307)	40,053)	41,716)
Property and equipment, net	2,113)	2,076)	1,992)	2,082)	2,090)	2,000)	2,005)	2,004)	2,085)	2,047)	1,964)	1,972)	1,997)	2,046)	2,140)	2,238)	2,338)	2,367)	2,386)	2,412)	2,453)	2,535)	2,621)	2,669)
Financing receivables, net	3,466)	3,247)	3,240)	3,411)	3,376)	3,251)	3,364)	3,324)	3,483)	3,393)	3,554)	3,618)	4,009)	3,959)	4,024)	4,546)	4,884)	5,068)	5,100)	5,516)	5,714)	4,770)	4,757)	4,831)
Goodwill	59,136)	59,024)	58,719)	58,774)	58,660)	58,633)	39,087)	38,900)	38,535)	38,369)	38,388)	38,160)	38,304)	38,452)	38,679)	38,802)	38,168)	37,690)	34,733)	34,535)	33,806)	33,453)	33,612)	33,578)
Purchased intangible assets, net	9,175)	9,643)	10,139)	10,744)	11,219)	11,819)	1,678)	1,914)	1,818)	1,966)	2,134)	2,360)	2,569)	2,811)	3,079)	3,350)	3,619)	3,716)	1,462)	1,581)	1,576)	1,744)	1,906)	2,107)
Deferred tax assets	7,356)	7,016)	6,591)	6,514)	6,262)	5,527)	7,338)	7,102)	6,576)	5,817)	5,321)	4,891)	4,449)	4,276)	4,269)	4,198)	4,360)	4,070)	4,109)	4,138)	3,990)	3,909)	3,896)	3,963)
Other assets	6,059)	5,960)	6,013)	6,056)	5,944)	5,882)	5,575)	5,879)	6,007)	5,987)	5,964)	5,912)	5,957)	5,272)	5,272)	5,259)	5,016)	3,925)	3,900)	3,832)	3,741)	3,676)	3,581)	3,628)
Long-term assets	87,305)	86,966)	86,694)	87,581)	87,551)	87,112)	59,047)	59,123)	58,504)	57,579)	57,325)	56,913)	57,285)	56,816)	57,463)	58,393)	58,385)	56,836)	51,690)	52,014)	51,280)	50,087)	50,373)	50,776)
Total assets	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)

Analysis of the financial data reveals multiple trends and insights across different asset categories over the reported quarters.

Cash and Cash Equivalents: There is notable fluctuation in cash levels, with peaks and troughs observed periodically. The amount increased significantly from October 2019 through mid-2020, reaching over $11.8 billion. This was followed by declines and intermittent recoveries, peaking again in early 2024 at approximately $13.7 billion before lowering towards the later periods. The volatility suggests dynamic cash management possibly aligned with operational needs and investment activities.
Investments: The investment portfolio declines steadily from a high near $19.4 billion in late 2019 to approximately $7.8 billion by mid-2025. This consistent decrease may indicate asset liquidation, reallocation, or market valuation impacts over time, reducing the proportion of investments in total assets.
Accounts Receivable, Net: Accounts receivable exhibit variability without a clear linear trend. The value ranges generally between $4 billion and $6.6 billion, with occasional spikes suggesting seasonal or demand-driven fluctuations in credit sales or collections performance.
Inventories: Inventory levels show a marked upward trend until early 2023, increasing from about $1.3 billion to over $3.6 billion, indicating possible stock buildup or expansion in product offerings. After this peak, the inventory slightly declines but remains elevated compared to earlier periods, possibly reflecting changes in supply chain or sales strategies.
Financing Receivables, Net: The financing receivables maintain a general downward trend from approximately $5 billion to about $3 billion by the end of the series, indicating tightened credit policies or reduced financing activity.
Other Current Assets: Other current assets have steadily increased from around $2.4 billion to over $6.3 billion, reflecting an expansion in miscellaneous short-term resources possibly related to prepaid expenses or other receivables.
Current Assets and Long-term Assets: Current assets decreased notably from about $41.7 billion in late 2019 to near $32.8 billion in late 2024, then show a modest increase. In contrast, long-term assets remain relatively stable with moderate growth, except for a considerable jump near early 2024, rising sharply to above $87 billion, likely due to goodwill or intangible asset revaluation or acquisition activities.
Property and Equipment, Net: Property and equipment values steadily decrease from about $2.7 billion to just above $2.1 billion, indicating asset depreciation or possibly lower capital expenditures in this category.
Goodwill and Purchased Intangible Assets, Net: Goodwill shows a gradual increase until early 2023, then dramatically rises from roughly $39 billion to nearly $59 billion from early 2024 onward, signifying significant acquisitions or revaluations. Purchased intangible assets decline over the same period until early 2023 but then surge sharply to over $11.8 billion, further supporting acquisition activity or reclassification of assets.
Deferred Tax Assets and Other Assets: Deferred tax assets consistently grow with some fluctuation, reaching around $7.4 billion by mid-2025, indicating increased timing differences or tax benefit recognition. Other assets show moderate growth with slight volatility, staying in the range of $3.5 billion to just over $6 billion, reflecting stable long-term miscellaneous asset composition.
Total Assets: Total assets fluctuate moderately over time, starting near $92.5 billion and exhibiting a peak above $124 billion in early 2024 before a slight reduction toward the end of the data range. This pattern is largely driven by significant movements in goodwill and intangible assets, affecting the overall asset base.

In summary, the data reveals an overall strategic shift marked by significant acquisitions or asset reclassifications around early 2024, reflected in the sharp increases in goodwill and intangible assets. Concurrently, liquid assets such as cash and investments show varying levels indicating active portfolio management. Operational asset categories like inventories and receivables display growth and fluctuations consistent with business cycles. The total asset base shows resilience despite some variability, suggesting ongoing adjustments aligned with company strategies.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

Cisco Systems Inc. (NASDAQ:CSCO)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data