CSCO FY 2020 Earnings Report — Cisco Systems, Inc. Revenue & Financial Results | Market Cap Arena

Cisco Systems, Inc.CSCO

FY 2020 Earnings

Reported September 3, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$49.3B	—	$51.9B	—	-5.0%
Op. Income	$13.6B	—	$14.2B	—	-4.2%
Gross Margin	64.3%	—	62.9%	—	1.3pp
Net Margin	22.7%	—	22.4%	—	0.4pp
EPS (Diluted)	$2.64	—	$2.61	—	1.1%
Free Cash Flow	$14.7B	—	$14.9B	—	-1.8%

Revenue Flow

Item	Amount
REVENUE	$49.3B
Cost of Revenue	$17.6B
GROSS PROFIT	$31.7B
R&D Expenses	$6.3B
Selling & Marketing	$9.2B
General & Administrative	$1.9B
SG&A Expenses	$11.1B
Other Expenses	$622M
Operating Expenses	$18.1B
Cost & Expenses	$35.7B
OPERATING INCOME	$13.6B
Interest Income	$920M
Interest Expense	$585M
Other Income/Expenses	$350M
INCOME BEFORE TAX	$14.0B
Income Tax Expense	$2.8B
Net Income from Continuing Ops	$11.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11.2B
D&A	$1.8B
EBIT	$14.6B
EBITDA	$16.4B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$49.3B
Cost of Revenue	$17.6B
GROSS PROFIT	$31.7B
R&D Expenses	$6.3B
Selling & Marketing	$9.2B
General & Administrative	$1.9B
SG&A Expenses	$11.1B
Other Expenses	$622M
Operating Expenses	$18.1B
Cost & Expenses	$35.7B
OPERATING INCOME	$13.6B
Interest Income	$920M
Interest Expense	$585M
Other Income/Expenses	$350M
INCOME BEFORE TAX	$14.0B
Income Tax Expense	$2.8B
Net Income from Continuing Ops	$11.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11.2B
D&A	$1.8B
EBIT	$14.6B
EBITDA	$16.4B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$11.2B
Depreciation & Amortization	$1.8B
Stock-Based Compensation	$1.6B
Deferred Income Tax	-$38M
Other Non-Cash Items	-$45M
Change in Working Capital	$918M
OPERATING CASH FLOW	$15.4B
Capital Expenditure	-$770M
Acquisitions (Net)	-$327M
Purchases of Investments	-$9.4B
Sales/Maturities of Investments	$13.8B
Other Investing Activities	$169M
NET CASH FROM INVESTING	$3.5B
Net Debt Issuance	-$10.2B
Common Stock Repurchased	-$3.4B
Common Dividends Paid	-$6.0B
Other Financing Activities	$81M
NET CASH FROM FINANCING	-$18.9B
FREE CASH FLOW	$14.7B
Net Change in Cash	$40M

Balance Sheet

Item	Amount
Cash & Equivalents	$11.8B
Short-Term Investments	$17.6B
Net Receivables	$10.5B
Inventory	$1.3B
Other Current Assets	$2.3B
TOTAL CURRENT ASSETS	$43.6B
PP&E (Net)	$2.5B
Goodwill	$33.8B
Intangible Assets	$1.6B
Long-Term Investments	$0
Tax Assets	$4.0B
Other Non-Current Assets	$9.5B
TOTAL NON-CURRENT ASSETS	$51.3B
TOTAL ASSETS	$94.9B
Account Payables	$2.2B
Short-Term Debt	$3.0B
Deferred Revenue	$11.4B
Other Current Liabilities	$7.9B
TOTAL CURRENT LIABILITIES	$25.3B
Long-Term Debt	$11.6B
Deferred Revenue NC	$9.0B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$11.0B
TOTAL NON-CURRENT LIABILITIES	$31.6B
TOTAL LIABILITIES	$56.9B
Common Stock	$41.2B
Additional Paid-In Capital	$0
Retained Earnings	-$2.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$519M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$37.9B
Minority Interest	$0
TOTAL EQUITY	$37.9B
TOTAL LIABILITIES & EQUITY	$94.9B
Total Debt	$14.6B
Net Debt	$2.8B