CSCO Q3 2018 Earnings Report — Cisco Systems, Inc. Revenue & Financial Results | Market Cap Arena

Cisco Systems, Inc.CSCO

Q3 2018 Earnings

Reported May 22, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$12.5B	$11.9B	$11.9B	4.8%	4.4%
Op. Income	$3.1B	$3.1B	$3.2B	2.0%	-1.1%
Gross Margin	62.3%	63.1%	63.0%	-0.8pp	-0.7pp
Net Margin	21.6%	-73.8%	21.1%	95.4pp	0.5pp
EPS (Diluted)	$0.56	$-1.78	$0.50	131.5%	12.0%
Free Cash Flow	$2.2B	$3.9B	$3.1B	-43.6%	-30.8%

Revenue Flow

Item	Amount
REVENUE	$12.5B
Cost of Revenue	$4.7B
GROSS PROFIT	$7.8B
R&D Expenses	$1.6B
Selling & Marketing	$2.3B
General & Administrative	$561M
SG&A Expenses	$2.9B
Other Expenses	$149M
Operating Expenses	$4.6B
Cost & Expenses	$9.3B
OPERATING INCOME	$3.1B
Interest Income	$380M
Interest Expense	$237M
Other Income/Expenses	$119M
INCOME BEFORE TAX	$3.3B
Income Tax Expense	$562M
Net Income from Continuing Ops	$2.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$564M
EBIT	$3.5B
EBITDA	$4.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$12.5B
Cost of Revenue	$4.7B
GROSS PROFIT	$7.8B
R&D Expenses	$1.6B
Selling & Marketing	$2.3B
General & Administrative	$561M
SG&A Expenses	$2.9B
Other Expenses	$149M
Operating Expenses	$4.6B
Cost & Expenses	$9.3B
OPERATING INCOME	$3.1B
Interest Income	$380M
Interest Expense	$237M
Other Income/Expenses	$119M
INCOME BEFORE TAX	$3.3B
Income Tax Expense	$562M
Net Income from Continuing Ops	$2.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$564M
EBIT	$3.5B
EBITDA	$4.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$2.7B
Depreciation & Amortization	$564M
Stock-Based Compensation	$399M
Deferred Income Tax	-$8M
Other Non-Cash Items	-$46M
Change in Working Capital	-$1.2B
OPERATING CASH FLOW	$2.4B
Capital Expenditure	-$241M
Acquisitions (Net)	-$2.0B
Purchases of Investments	-$215M
Sales/Maturities of Investments	$8.2B
Other Investing Activities	$7M
NET CASH FROM INVESTING	$5.8B
Net Debt Issuance	-$11.2B
Common Stock Repurchased	-$6.2B
Common Dividends Paid	-$1.6B
Other Financing Activities	-$70M
NET CASH FROM FINANCING	-$19.1B
FREE CASH FLOW	$2.2B
Net Change in Cash	-$10.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$6.7B
Short-Term Investments	$47.7B
Net Receivables	$9.1B
Inventory	$1.9B
Other Current Assets	$1.7B
TOTAL CURRENT ASSETS	$67.1B
PP&E (Net)	$3.1B
Goodwill	$31.7B
Intangible Assets	$2.7B
Long-Term Investments	$0
Tax Assets	$3.0B
Other Non-Current Assets	$6.4B
TOTAL NON-CURRENT ASSETS	$46.9B
TOTAL ASSETS	$114.0B
Account Payables	$1.6B
Short-Term Debt	$7.7B
Deferred Revenue	$11.3B
Other Current Liabilities	$7.1B
TOTAL CURRENT LIABILITIES	$28.6B
Long-Term Debt	$20.3B
Deferred Revenue NC	$7.7B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10.7B
TOTAL NON-CURRENT LIABILITIES	$38.7B
TOTAL LIABILITIES	$67.3B
Common Stock	$43.6B
Additional Paid-In Capital	$0
Retained Earnings	$3.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$604M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$46.7B
Minority Interest	$0
TOTAL EQUITY	$46.7B
TOTAL LIABILITIES & EQUITY	$114.0B
Total Debt	$28.1B
Net Debt	$21.4B