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.
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.