Statements of Cash Flows
HISTORICAL FINANCIALS
STATEMENTS OF CASH FLOWS
(in millions)
FY 2024 FY 2024 FY 2024 FY 2023
Quarter Ended Quarter Ended Quarter Ended Nine Months Ended
October 28, 2023 January 27, 2024 April 27, 2024 April 27, 2024
Cash flows from operating activities:
Net income $ 3,638 $ 2,634 $ 1,886 $ 8,158
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and other 401 422 861 1,684
Share-based compensation expense 661 802 811 2,274
Provision for receivables 4 8 7 19
Deferred income taxes (513) (303) 571 (245)
(Gains) losses on divestitures, investments and other, net 89 116 19 224
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:
Accounts receivable 979 (38) 345 1,286
Inventories 307 135 88 530
Financing receivables 25 (58) 125 92
Other assets (290) (113) 21 (382)
Accounts payable (235) (241) 176 (300)
Income taxes, net (1,773) (2,883) (567) (5,223)
Accrued compensation (908) 145 (329) (1,092)
Deferred revenue 259 34 (82) 211
Other liabilities (273) 148 39 (86)
Net cash provided by operating activities 2,371 808 3,971 7,150
Cash flows from investing activities:
Purchases of investments (1,850) (403) (791) (3,044)
Proceeds from sales of investments 1,280 1,204 1,390 3,874
Proceeds from maturities of investments 2,497 1,547 1,760 5,804
Acquisitions and divestitures (876) (2) (24,996) (25,874)
Purchases of investments in privately held companies (13) (37) (32) (82)
Return of investments in privately held companies 47 76 23 146
Acquisition of property and equipment (134) (170) (168) (472)
Other 1 (2) (1) (2)
Net cash provided by / (used in) investing activities 952 2,213 (22,815) (19,650)
Cash flows from financing activities:
Issuances of common stock - 0 349 (2) 347
Repurchases of common stock - repurchase program (1,300) (1,204) (1,268) (3,772)
Shares repurchased for tax withholdings on vesting of restricted stock units (153) (428) (184) (765)
Short-term borrowings, original maturities of 90 days or less, net - 0 1,398 149 1,547
Issuances of debt - 0 2,537 21,622 24,159
Repayments of debt (750) - 0 (1,445) (2,195)
Repayments of Splunk convertible debt, net - 0 - 0 (3,140) (3,140)
Dividends paid (1,580) (1,583) (1,615) (4,778)
Other (17) 10 (45) (52)
Net cash provided by / (used in) financing activities (3,800) 1,079 14,072 11,351
Effect of foreign exchange on cash, cash equivalents, restricted cash, and restricted cash equivalents (45) 13 (7) (39)
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents (522) 4,113 (4,779) (1,188)
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period 11,627 11,105 15,218 11,627
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period $ 11,105 $ 15,218 $ 10,439 $ 10,439

&"Arial,Regular"&9Cisco Systems, Inc.

Free Cash Flow
HISTORICAL FINANCIALS
RECONCILIATION OF CASH FLOW FROM OPERATIONS TO FREE CASH FLOW
(in millions, except percentages)
FY 2024 FY 2024 FY 2024 FY 2024
Quarter Ended Quarter Ended Quarter Ended Nine Months Ended
October 28, 2023 January 27, 2024 April 27, 2024 April 27, 2024
Cash Flow from Operating Activities $ 2,371 $ 808 $ 3,971 $ 7,150
Capital Expenditures* (134) (170) (168) $ (472)
Free Cash Flow - Non-GAAP $ 2,237 $ 638 $ 3,803 $ 6,678
Y/Y Growth Rate - Free Cash Flow (41%) (86%) (23%) (50%)
FY 2023 FY 2023 FY 2023 FY 2023
Quarter Ended Quarter Ended Quarter Ended Nine Months Ended
October 29, 2022 January 28, 2023 April 29, 2023 April 29, 2023
Cash Flow from Operating Activities $ 3,962 $ 4,739 $ 5,219 $ 13,920
Capital Expenditures* (176) (170) (270) (616)
Free Cash Flow - Non-GAAP $ 3,786 $ 4,569 $ 4,949 $ 13,304
Y/Y Growth Rate - Free Cash Flow 15% 94% 39% 44%
* Capital expenditures for the indicated periods are from the "Acquisition of property and equipment" of Cisco's Consolidated Statements of Cash Flows.

&"Arial,Regular"&9Cisco Systems, Inc.

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Cisco Systems Inc. published this content on 15 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2024 21:53:43 UTC.