← CISCO SYSTEMS, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $10.7b $9.6b $110.0m $11.6b $11.2b $10.6b $11.8b $12.6b $10.3b $10.2b
Amortization of Intangible Assets $303.0m $259.0m $221.0m $150.0m $141.0m $215.0m $313.0m $282.0m $698.0m $1.0b
Depreciation, Depletion and Amortization $1.0b $1.1b $1.1b $1.0b $900.0m $800.0m $800.0m $700.0m $700.0m $700.0m
Depreciation, amortization, and other $2.1b $2.3b $2.2b $1.9b $1.8b $1.9b $2.0b $1.7b $2.5b $2.8b
Deferred income taxes ($194.0m) ($124.0m) $900.0m ($350.0m) ($38.0m) ($384.0m) ($309.0m) ($2.1b) ($972.0m) ($1.1b)
Impairment of Intangible Assets (Excluding Goodwill) $74.0m $47.0m $1.0m — — — $15.0m — $145.0m $40.0m
Payment, Tax Withholding, Share-based Payment Arrangement $557.0m $619.0m $703.0m $862.0m $727.0m $636.0m $692.0m $597.0m $992.0m $1.2b
Share-based Payment Arrangement, Expense $1.5b $1.5b $1.6b $1.6b $1.6b $1.8b $1.9b $2.4b $3.1b $3.6b
Share-based Payment Arrangement, Noncash Expense $1.5b $1.5b $1.6b $1.6b $1.6b $1.8b $1.9b $2.4b $3.1b $3.6b
Share-based compensation expense $1.5b $1.5b $1.6b $1.6b $1.6b $1.8b $1.9b $2.4b $3.1b $3.6b
(Gains) losses on divestitures, investments and other, net ($317.0m) $154.0m ($322.0m) ($24.0m) ($138.0m) ($354.0m) ($453.0m) $206.0m $215.0m ($38.0m)
Equity Method Investment, Realized Gain (Loss) on Disposal — — — ($69.0m) ($76.0m) — — — — —
Income Tax Expense (Benefit) $2.2b $2.7b $12.9b $3.0b $2.8b $2.7b $2.7b $2.7b $1.9b $920.0m
Interest Expense Nonoperating — — — — — — — — $1.0b $1.6b
Operating Lease, Lease Income — — — — $190.0m $151.0m $107.0m $73.0m $58.0m $37.0m
Other Nonoperating Income (Expense) ($69.0m) ($163.0m) $165.0m ($97.0m) $15.0m $245.0m $392.0m ($248.0m) ($306.0m) ($68.0m)
Changes in operating assets and liabilities:
Additional Financial Items
Noncash investing and financing activities:
Accounts Receivable, Credit Loss Expense (Reversal) ($9.0m) ($8.0m) ($134.0m) $40.0m $93.0m ($6.0m) $64.0m $39.0m $36.0m $33.0m
Accounts payable ($65.0m) $311.0m $504.0m $87.0m $141.0m ($53.0m) ($55.0m) $27.0m ($90.0m) $257.0m
Accounts receivable ($404.0m) $756.0m ($269.0m) ($84.0m) ($107.0m) ($107.0m) ($1.0b) $734.0m ($289.0m) ($22.0m)
Accrued compensation ($101.0m) ($110.0m) $100.0m $277.0m ($78.0m) $643.0m ($427.0m) $651.0m ($696.0m) ($53.0m)
Acquisition of property and equipment $41.0m $7.0m $59.0m $22.0m $179.0m $28.0m $91.0m $3.0m ($670.0m) ($905.0m)
Debt Securities, Available-for-sale, Realized Gain (Loss) — — — ($13.0m) $42.0m $53.0m $9.0m ($21.0m) ($67.0m) ($100.0m)
Deferred revenue $1.2b $1.7b $1.2b $1.4b $2.0b $1.6b $1.3b $2.3b $1.2b $248.0m
Equity Securities, FV-NI, Realized Gain (Loss) — — — $58.0m $63.0m — — — — —
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — ($11.0m) ($13.0m) $8.0m ($38.0m) $36.0m $71.0m $108.0m
Financing Receivable, Credit Loss, Expense (Reversal) — — — — $38.0m ($27.0m) ($9.0m) ($8.0m) ($2.0m) ($9.0m)
Financing receivables ($150.0m) ($1.0b) ($219.0m) ($249.0m) ($797.0m) $1.6b $1.2b $1.1b $76.0m $214.0m
Gain (Loss) on Investments $317.0m ($154.0m) $322.0m $24.0m $138.0m $354.0m $453.0m ($206.0m) ($215.0m) $38.0m
General and Administrative Expense $1.8b $2.0b $2.1b $1.8b $1.9b $2.2b $2.1b $2.5b $2.8b $3.0b
Goodwill $26.6b $29.8b $31.7b $33.5b $33.8b $38.2b $38.3b $38.5b $58.7b $59.1b
Income taxes, net ($300.0m) $60.0m $8.1b $312.0m ($322.0m) ($549.0m) ($690.0m) $1.2b ($4.5b) ($1.8b)
Increase (Decrease) in Accounts Payable ($65.0m) $311.0m $504.0m $87.0m $141.0m ($53.0m) ($55.0m) $27.0m ($90.0m) $257.0m
Increase (Decrease) in Accounts Receivable $404.0m ($756.0m) $269.0m $84.0m $107.0m $107.0m $1.0b ($734.0m) $289.0m $22.0m
Increase (Decrease) in Inventories ($315.0m) $394.0m $244.0m ($131.0m) ($84.0m) $244.0m $1.0b $1.1b ($275.0m) ($209.0m)
Inventories $315.0m ($394.0m) ($244.0m) $131.0m $84.0m ($244.0m) ($1.0b) ($1.1b) $275.0m $209.0m
Inventory Write-down — — — — $74.0m $116.0m — — — —
Nonoperating Income (Expense) $260.0m $314.0m $730.0m $352.0m $350.0m $429.0m $508.0m $287.0m $53.0m ($660.0m)
Operating Expenses $18.3b $18.3b $18.3b $18.4b $18.1b $19.1b $18.3b $20.7b $22.6b $25.0b
Other $150.0m ($178.0m) ($169.0m) $113.0m $51.0m ($1.0m) ($122.0m) ($32.0m) ($37.0m) ($80.0m)
Other assets ($37.0m) $15.0m $66.0m ($955.0m) $96.0m ($797.0m) ($1.6b) $5.0m ($671.0m) ($499.0m)
Other liabilities ($605.0m) ($697.0m) $83.0m $151.0m ($110.0m) ($46.0m) $535.0m $48.0m $416.0m $193.0m
Provision for Loan, Lease, and Other Losses $17.0m ($35.0m) ($89.0m) ($16.0m) — — — — — —
Provision for receivables ($9.0m) ($8.0m) ($134.0m) $40.0m $93.0m ($6.0m) $55.0m $31.0m $34.0m $24.0m
Purchases of property and equipment, accrued but unpaid $1.1b $964.0m $834.0m $909.0m $770.0m $692.0m $477.0m $849.0m $670.0m $905.0m
Return of investments in privately held companies $91.0m $203.0m $168.0m $159.0m $224.0m $194.0m $237.0m $90.0m $202.0m $306.0m
Shares repurchased for tax withholdings on vesting of restricted stock units ($557.0m) ($619.0m) ($703.0m) ($862.0m) ($727.0m) ($636.0m) ($692.0m) ($597.0m) ($992.0m) ($1.2b)
Short-term borrowings, original maturities of 90 days or less, net ($4.0m) $2.5b ($2.5b) $3.4b ($3.5b) ($5.0m) $606.0m ($602.0m) $478.0m ($31.0m)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax ($16.0m) ($74.0m) $61.0m $3.0m — — — — — —
Net Cash Provided by (Used in) Operating Activities $13.6b $13.9b $13.7b $15.8b $15.4b $15.5b $13.2b $19.9b $10.9b $14.2b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $1.1b $964.0m $834.0m $909.0m $770.0m $692.0m $477.0m $849.0m $670.0m $905.0m
Payments to Acquire Businesses, Net of Cash Acquired $3.2b $3.3b $3.0b — — — — — $26.0b $291.0m
Payments to Acquire Investments $46.8b $42.7b $14.3b $2.4b $9.2b $9.3b $6.1b $10.9b $4.2b $4.6b
Purchases of investments ($46.8b) ($42.7b) ($14.3b) ($2.4b) ($9.2b) ($9.3b) ($6.1b) ($10.9b) ($4.2b) ($4.6b)
Purchases of investments in privately held companies ($256.0m) ($222.0m) ($267.0m) ($148.0m) ($190.0m) ($175.0m) ($186.0m) ($185.0m) ($284.0m) ($383.0m)
Proceeds from maturities of investments $14.1b $12.1b $15.8b $12.9b $8.0b $8.4b $5.7b $6.0b $6.4b $4.9b
Proceeds from sales of investments $28.8b $28.8b $17.7b $7.4b $5.6b $3.4b $2.7b $1.1b $4.1b $2.6b
Payments for (Proceeds from) Other Investing Activities $191.0m ($39.0m) $13.0m $12.0m $10.0m $56.0m $15.0m $26.0m $5.0m ($9.0m)
Net Cash Provided by (Used in) Investing Activities ($8.1b) ($6.0b) $15.3b $14.8b $3.5b ($5.3b) $1.6b ($5.1b) ($20.5b) $1.7b
Cash flows from financing activities:
Issuances of debt $7.0b $7.0b $6.9b $2.2b $0 $0 $1.0b $0 $31.8b $19.3b
Proceeds from Issuance of Long-term Debt $7.0b $7.0b $6.9b $2.2b $0 $0 $1.0b $0 $31.8b $19.3b
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $14.1b $12.1b $15.8b $12.9b $8.0b $8.4b $5.7b $6.0b $6.4b $4.9b
Repayments of Splunk convertible debt, net of capped call proceeds — — — — — — $0 $0 ($3.1b) $0
Repayments of Long-term Debt $3.9b $4.2b $12.4b $6.8b $6.7b $3.0b $3.5b $500.0m — —
Repayments of debt ($3.9b) ($4.2b) ($12.4b) ($6.8b) ($6.7b) ($3.0b) ($3.5b) ($500.0m) ($9.8b) ($22.1b)
Issuances of common stock $1.1b $708.0m $623.0m $640.0m $655.0m $643.0m $660.0m $700.0m $714.0m $736.0m
Proceeds from Issuance of Common Stock $1.1b $708.0m $623.0m $640.0m $655.0m $643.0m $660.0m $700.0m $714.0m $736.0m
Payments for Repurchase of Common Stock $3.9b $3.7b $17.5b $20.7b $2.7b $2.9b $7.7b $4.3b $5.8b $6.0b
Repurchases of common stock - repurchase program ($3.9b) ($3.7b) ($17.5b) ($20.7b) ($2.7b) ($2.9b) ($7.7b) ($4.3b) ($5.8b) ($6.0b)
Dividends paid $4.8b $5.5b $6.0b $6.0b $6.0b $6.2b $6.2b $6.3b $6.4b $6.4b
Proceeds from (Payments for) Other Financing Activities $150.0m ($178.0m) ($169.0m) $113.0m $51.0m ($1.0m) ($122.0m) ($32.0m) ($37.0m) ($80.0m)
Net Cash Provided by (Used in) Financing Activities ($4.7b) ($3.8b) ($31.8b) ($27.9b) ($18.9b) ($12.0b) ($16.0b) ($11.6b) $6.8b ($15.8b)
Effect of foreign currency exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents — — — — ($30.0m) $58.0m ($180.0m) ($105.0m) ($31.0m) ($43.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $2.8b $40.0m ($1.9b) ($1.4b) $3.0b ($2.8b) $68.0m
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents — $4.0b ($2.8b) $2.8b $40.0m ($1.9b) ($1.4b) $3.0b ($2.8b) $68.0m
Acquisitions, net of cash and cash equivalents acquired ($3.2b) ($3.3b) ($3.0b) — — — ($373.0m) ($301.0m) ($26.0b) ($291.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $11.8b $11.8b $9.9b $8.6b $11.6b $8.8b $8.9b
Cash, Cash Equivalents, and Short-term Investments — $70.5b $46.5b $33.4b $29.4b — — — — —
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of fiscal year — $11.8b $9.0b $11.8b $11.8b $9.9b $8.6b $11.6b $8.8b $8.9b
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $859.0m $897.0m $910.0m $839.0m $603.0m $438.0m $355.0m $376.0m $583.0m $1.5b
Income Taxes Paid, Net $2.7b $2.7b $3.9b $3.0b $3.1b $3.6b $3.7b $3.6b $7.4b $3.9b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.