CSCO FY 2008 Earnings Report — Cisco Systems, Inc. Revenue & Financial Results | Market Cap Arena

Cisco Systems, Inc.CSCO

FY 2008 Earnings

Reported September 15, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$39.5B	—	$34.9B	—	13.2%
Op. Income	$9.4B	—	$8.6B	—	9.5%
Gross Margin	64.5%	—	64.0%	—	0.5pp
Net Margin	20.4%	—	21.0%	—	-0.6pp
EPS (Diluted)	$1.31	—	$1.17	—	12.0%
Free Cash Flow	$10.8B	—	$8.9B	—	22.2%

Revenue Flow

Item	Amount
REVENUE	$39.5B
Cost of Revenue	$14.1B
GROSS PROFIT	$25.5B
R&D Expenses	$5.2B
Selling & Marketing	$8.4B
General & Administrative	$2.0B
SG&A Expenses	$10.4B
Other Expenses	$361M
Operating Expenses	$15.9B
Cost & Expenses	$30.1B
OPERATING INCOME	$9.4B
Interest Income	$1.1B
Interest Expense	$319M
Other Income/Expenses	$813M
INCOME BEFORE TAX	$10.3B
Income Tax Expense	$2.2B
Net Income from Continuing Ops	$8.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8.1B
D&A	$1.7B
EBIT	$10.6B
EBITDA	$12.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$39.5B
Cost of Revenue	$14.1B
GROSS PROFIT	$25.5B
R&D Expenses	$5.2B
Selling & Marketing	$8.4B
General & Administrative	$2.0B
SG&A Expenses	$10.4B
Other Expenses	$361M
Operating Expenses	$15.9B
Cost & Expenses	$30.1B
OPERATING INCOME	$9.4B
Interest Income	$1.1B
Interest Expense	$319M
Other Income/Expenses	$813M
INCOME BEFORE TAX	$10.3B
Income Tax Expense	$2.2B
Net Income from Continuing Ops	$8.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8.1B
D&A	$1.7B
EBIT	$10.6B
EBITDA	$12.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$8.1B
Depreciation & Amortization	$1.7B
Stock-Based Compensation	$1.0B
Deferred Income Tax	-$772M
Other Non-Cash Items	-$392M
Change in Working Capital	$2.4B
OPERATING CASH FLOW	$12.1B
Capital Expenditure	-$1.3B
Acquisitions (Net)	-$398M
Purchases of Investments	-$22.5B
Sales/Maturities of Investments	$20.0B
Other Investing Activities	-$17M
NET CASH FROM INVESTING	-$4.2B
Net Debt Issuance	$0
Common Stock Repurchased	-$10.4B
Common Dividends Paid	$0
Other Financing Activities	$891M
NET CASH FROM FINANCING	-$6.4B
FREE CASH FLOW	$10.8B
Net Change in Cash	$1.5B

Balance Sheet

Item	Amount
Cash & Equivalents	$5.2B
Short-Term Investments	$21.0B
Net Receivables	$3.8B
Inventory	$1.2B
Other Current Assets	$2.1B
TOTAL CURRENT ASSETS	$35.7B
PP&E (Net)	$4.2B
Goodwill	$12.4B
Intangible Assets	$2.1B
Long-Term Investments	$706M
Tax Assets	$1.8B
Other Non-Current Assets	$1.9B
TOTAL NON-CURRENT ASSETS	$23.0B
TOTAL ASSETS	$58.7B
Account Payables	$869M
Short-Term Debt	$500M
Deferred Revenue	$6.2B
Other Current Liabilities	$3.8B
TOTAL CURRENT LIABILITIES	$13.9B
Long-Term Debt	$6.4B
Deferred Revenue NC	$2.7B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$10.5B
TOTAL LIABILITIES	$24.3B
Common Stock	$33.5B
Additional Paid-In Capital	$33.5B
Retained Earnings	$120M
Treasury Stock	$0
Accum. Other Comp. Income	$728M
Other Equity	-$33.5B
TOTAL STOCKHOLDERS' EQUITY	$34.4B
Minority Interest	$49M
TOTAL EQUITY	$34.4B
TOTAL LIABILITIES & EQUITY	$58.7B
Total Debt	$6.9B
Net Debt	$1.7B