Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO)

Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Cisco Systems Inc., consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Jul 27, 2024 Jul 29, 2023 Jul 30, 2022 Jul 31, 2021 Jul 25, 2020 Jul 27, 2019
Net income 10,320 12,613 11,812 10,591 11,214 11,621
Depreciation, amortization, and other 2,507 1,726 1,957 1,862 1,808 1,897
Share-based compensation expense 3,074 2,353 1,886 1,761 1,569 1,570
Provision (benefit) for receivables 34 31 55 (6) 93 40
Deferred income taxes (972) (2,085) (309) (384) (38) (350)
(Gains) losses on divestitures, investments and other, net 215 206 (453) (354) (138) (24)
Accounts receivable (289) 734 (1,009) (107) (107) (84)
Inventories 275 (1,069) (1,030) (244) 84 131
Financing receivables 76 1,102 1,241 1,577 (797) (249)
Other assets (671) 5 (1,615) (797) 96 (955)
Accounts payable (90) 27 (55) (53) 141 87
Income taxes, net (4,539) 1,218 (690) (549) (322) 312
Accrued compensation (696) 651 (427) 643 (78) 277
Deferred revenue 1,220 2,326 1,328 1,560 2,011 1,407
Other liabilities 416 48 535 (46) (110) 151
Change in operating assets and liabilities, net of effects of acquisitions and divestitures (4,298) 5,042 (1,722) 1,984 918 1,077
Adjustments to reconcile net income to net cash provided by operating activities 560 7,273 1,414 4,863 4,212 4,210
Net cash provided by operating activities 10,880 19,886 13,226 15,454 15,426 15,831
Purchases of investments (4,230) (10,871) (6,070) (9,328) (9,212) (2,416)
Proceeds from sales of investments 4,136 1,054 2,660 3,373 5,631 7,388
Proceeds from maturities of investments 6,367 5,978 5,686 8,409 7,975 12,928
Acquisitions, net of cash and cash equivalents acquired (25,994) (301) (373) (7,038) (327) (2,175)
Purchases of investments in privately held companies (284) (185) (186) (175) (190) (148)
Return of investments in privately held companies 202 90 237 194 224 159
Acquisition of property and equipment (670) (849) (477) (692) (770) (909)
Other (5) (23) 76 (28) 169 10
Net cash (used in) provided by investing activities (20,478) (5,107) 1,553 (5,285) 3,500 14,837
Issuances of common stock 714 700 660 643 655 640
Repurchases of common stock, repurchase program (5,787) (4,293) (7,689) (2,877) (2,659) (20,717)
Shares repurchased for tax withholdings on vesting of restricted stock units (992) (597) (692) (636) (727) (862)
Short-term borrowings, original maturities of 90 days or less, net 478 (602) 606 (5) (3,470) 3,446
Issuances of debt 31,818 1,049 2,250
Repayments of debt (9,826) (500) (3,550) (3,000) (6,720) (6,780)
Repayments of Splunk convertible debt, net of capped call proceeds (3,140)
Dividends paid (6,384) (6,302) (6,224) (6,163) (6,016) (5,979)
Other (37) (32) (122) (1) 51 113
Net cash provided by (used in) financing activities 6,844 (11,626) (15,962) (12,039) (18,886) (27,889)
Effect of foreign currency exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents (31) (105) (180)
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents (2,785) 3,048 (1,363) (1,870) 40 2,779
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of fiscal year 11,627 8,579 9,942 11,812 11,772 8,993
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of fiscal year 8,842 11,627 8,579 9,942 11,812 11,772

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).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Cisco Systems Inc. net cash provided by operating activities increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Net cash (used in) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Cisco Systems Inc. net cash (used in) provided by investing activities decreased from 2022 to 2023 and from 2023 to 2024.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Cisco Systems Inc. net cash provided by (used in) financing activities increased from 2022 to 2023 and from 2023 to 2024.