CSCO FY 2009 Earnings Report — Cisco Systems, Inc. Revenue & Financial Results | Market Cap Arena

Cisco Systems, Inc.CSCO

FY 2009 Earnings

Reported September 11, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$36.1B	—	$39.5B	—	-8.7%
Op. Income	$7.3B	—	$9.4B	—	-22.5%
Gross Margin	63.9%	—	64.5%	—	-0.5pp
Net Margin	17.0%	—	20.4%	—	-3.4pp
EPS (Diluted)	$1.05	—	$1.31	—	-19.8%
Free Cash Flow	$8.9B	—	$10.8B	—	-17.8%

Revenue Flow

Item	Amount
REVENUE	$36.1B
Cost of Revenue	$13.0B
GROSS PROFIT	$23.1B
R&D Expenses	$5.3B
Selling & Marketing	$8.4B
General & Administrative	$1.6B
SG&A Expenses	$10.0B
Other Expenses	-$63M
Operating Expenses	$15.2B
Cost & Expenses	$28.2B
OPERATING INCOME	$7.3B
Interest Income	$845M
Interest Expense	$346M
Other Income/Expenses	$371M
INCOME BEFORE TAX	$7.7B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$6.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.1B
D&A	$1.8B
EBIT	$8.0B
EBITDA	$9.8B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$36.1B
Cost of Revenue	$13.0B
GROSS PROFIT	$23.1B
R&D Expenses	$5.3B
Selling & Marketing	$8.4B
General & Administrative	$1.6B
SG&A Expenses	$10.0B
Other Expenses	-$63M
Operating Expenses	$15.2B
Cost & Expenses	$28.2B
OPERATING INCOME	$7.3B
Interest Income	$845M
Interest Expense	$346M
Other Income/Expenses	$371M
INCOME BEFORE TAX	$7.7B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$6.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.1B
D&A	$1.8B
EBIT	$8.0B
EBITDA	$9.8B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$6.1B
Depreciation & Amortization	$1.8B
Stock-Based Compensation	$1.1B
Deferred Income Tax	-$574M
Other Non-Cash Items	$266M
Change in Working Capital	$1.2B
OPERATING CASH FLOW	$9.9B
Capital Expenditure	-$1.0B
Acquisitions (Net)	-$426M
Purchases of Investments	-$41.3B
Sales/Maturities of Investments	$32.8B
Other Investing Activities	-$39M
NET CASH FROM INVESTING	-$10.0B
Net Debt Issuance	$3.5B
Common Stock Repurchased	-$3.6B
Common Dividends Paid	$0
Other Financing Activities	-$154M
NET CASH FROM FINANCING	$589M
FREE CASH FLOW	$8.9B
Net Change in Cash	$527M

Balance Sheet

Item	Amount
Cash & Equivalents	$5.7B
Short-Term Investments	$29.3B
Net Receivables	$3.2B
Inventory	$1.1B
Other Current Assets	$2.3B
TOTAL CURRENT ASSETS	$44.2B
PP&E (Net)	$4.0B
Goodwill	$12.9B
Intangible Assets	$1.7B
Long-Term Investments	$709M
Tax Assets	$2.1B
Other Non-Current Assets	$2.5B
TOTAL NON-CURRENT ASSETS	$24.0B
TOTAL ASSETS	$68.1B
Account Payables	$675M
Short-Term Debt	$0
Deferred Revenue	$6.4B
Other Current Liabilities	$3.8B
TOTAL CURRENT LIABILITIES	$13.7B
Long-Term Debt	$10.3B
Deferred Revenue NC	$3.0B
Deferred Tax Liabilities	$2.0B
Other Non-Current Liabilities	$539M
TOTAL NON-CURRENT LIABILITIES	$15.8B
TOTAL LIABILITIES	$29.5B
Common Stock	$34.3B
Additional Paid-In Capital	$0
Retained Earnings	$3.9B
Treasury Stock	$0
Accum. Other Comp. Income	$435M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$38.6B
Minority Interest	$30M
TOTAL EQUITY	$38.7B
TOTAL LIABILITIES & EQUITY	$68.1B
Total Debt	$10.3B
Net Debt	$4.6B