Stock Analysis on Net
Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO)

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.

Assets: Selected Items

Current Assets: Selected Items

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

US$ in millions

Microsoft Excel
Jul 25, 2026 Apr 25, 2026 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
Cash and cash equivalents 7,218 7,083 7,458 8,400 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
Investments 8,700 9,557 8,319 7,336 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
Accounts receivable, net of allowance 7,470 6,480 6,606 4,827 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
Inventories 5,694 4,708 3,920 3,395 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
Financing receivables, net 3,392 2,936 2,944 3,085 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
Other current assets 6,191 5,795 5,884 5,833 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
Current assets 38,665 36,559 35,131 32,876 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
Property and equipment, net 2,760 2,577 2,351 2,248 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
Financing receivables, net 4,940 3,642 3,698 3,719 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
Goodwill 59,477 59,292 59,234 59,119 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
Purchased intangible assets, net 7,557 7,850 8,307 8,713 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
Deferred tax assets 7,109 7,558 7,399 7,314 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
Other assets 9,129 8,068 7,251 7,113 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
Long-term assets 90,972 88,987 88,240 88,226 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
Total assets 129,637 125,546 123,371 121,102 122,291 119,782 121,375 123,333 124,413 122,998 101,174 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

Based on: 10-K (reporting date: 2026-07-25), 10-Q (reporting date: 2026-04-25), 10-Q (reporting date: 2026-01-24), 10-Q (reporting date: 2025-10-25), 10-K (reporting date: 2025-07-26), 10-Q (reporting date: 2025-04-26), 10-Q (reporting date: 2025-01-25), 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).


The total asset trajectory exhibits two distinct phases: a period of relative stability from late 2020 through early 2024, followed by a substantial expansion starting in April 2024. Total assets grew from 95,003 million USD in October 2020 to 129,637 million USD by July 2026, representing a significant increase in the overall balance sheet scale.

Liquidity and Short-Term Asset Trends
Cash and cash equivalents demonstrate significant volatility, peaking at 13,715 million USD in January 2024 before trending downward to 7,218 million USD by July 2026. Simultaneously, short-term investments show a long-term declining trend, falling from 19,190 million USD in October 2020 to 8,700 million USD in July 2026. This suggests a strategic reallocation of liquid capital over the observed period.
Operational Asset Growth
Inventories have experienced a consistent and marked upward trend, rising from 1,303 million USD in October 2020 to 5,694 million USD by July 2026. This growth indicates an expansion in operational scale or a shift in supply chain management. Accounts receivable exhibit cyclical fluctuations, ending the period at a high of 7,470 million USD, suggesting an increase in credit extended to customers.
Impact of Strategic Acquisitions
A transformative shift occurred in April 2024, characterized by a sharp spike in non-physical assets. Goodwill increased abruptly from 39,087 million USD in January 2024 to 58,633 million USD in April 2024, while purchased intangible assets rose from 1,678 million USD to 11,819 million USD in the same window. This pattern is indicative of a major acquisition that significantly altered the composition of the balance sheet, shifting the weight toward long-term intangible assets.
Long-Term Asset Composition
Long-term assets grew from 52,014 million USD in October 2020 to 90,972 million USD by July 2026. While the acquisition-driven jump in goodwill and intangibles provided the primary impetus, other assets also showed a steady increase from 3,832 million USD to 9,129 million USD over the duration of the period.

The transition from a liquid-heavy asset base to one dominated by intangible assets and higher inventory levels suggests a strategic pivot toward growth through acquisition and operational expansion. By the end of the reported period, the asset structure is significantly more weighted toward long-term strategic investments than at the start of the analysis.

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