CISCO SYSTEMS INC
For the period ended Jul 27, 2024. Filed Sep 5, 2024.
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FY2024 · Filed Sep 5, 2024
CSCO$98.15-0.5%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in millions)
| Years Ended | July 27, 2024 | July 29, 2023 | July 30, 2022 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net income | $10,320 | $12,613 | $11,812 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization, and other | 2,507 | 1,726 | 1,957 |
| Share-based compensation expense | 3,074 | 2,353 | 1,886 |
| Provision for receivables | 34 | 31 | 55 |
| Deferred income taxes | (972) | (2,085) | (309) |
| (Gains) losses on divestitures, investments and other, net | 215 | 206 | (453) |
| Change in operating assets and liabilities, net of effects of acquisitions and divestitures: | |||
| Accounts receivable | (289) | 734 | (1,009) |
| Inventories | 275 | (1,069) | (1,030) |
| Financing receivables | 76 | 1,102 | 1,241 |
| Other assets | (671) | 5 | (1,615) |
| Accounts payable | (90) | 27 | (55) |
| Income taxes, net | (4,539) | 1,218 | (690) |
| Accrued compensation | (696) | 651 | (427) |
| Deferred revenue | 1,220 | 2,326 | 1,328 |
| Other liabilities | 416 | 48 | 535 |
| Net cash provided by operating activities | 10,880 | 19,886 | 13,226 |
| Cash flows from investing activities: | |||
| Purchases of investments | (4,230) | (10,871) | (6,070) |
| Proceeds from sales of investments | 4,136 | 1,054 | 2,660 |
| Proceeds from maturities of investments | 6,367 | 5,978 | 5,686 |
| Acquisitions, net of cash and cash equivalents acquired | (25,994) | (301) | (373) |
| Purchases of investments in privately held companies | (284) | (185) | (186) |
| Return of investments in privately held companies | 202 | 90 | 237 |
| Acquisition of property and equipment | (670) | (849) | (477) |
| Other | (5) | (23) | 76 |
| Net cash provided by (used in) investing activities | (20,478) | (5,107) | 1,553 |
| Cash flows from financing activities: | |||
| Issuances of common stock | 714 | 700 | 660 |
| Repurchases of common stock - repurchase program | (5,787) | (4,293) | (7,689) |
| Shares repurchased for tax withholdings on vesting of restricted stock units | (992) | (597) | (692) |
| Short-term borrowings, original maturities of 90 days or less, net | 478 | (602) | 606 |
| Issuances of debt | 31,818 | — | 1,049 |
| Repayments of debt | (9,826) | (500) | (3,550) |
| Repayments of Splunk convertible debt, net of capped call proceeds | (3,140) | — | — |
| Dividends paid | (6,384) | (6,302) | (6,224) |
| Other | (37) | (32) | (122) |
| Net cash provided by (used in) financing activities | 6,844 | (11,626) | (15,962) |
| Effect of foreign currency exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | (31) | (105) | (180) |
| Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | (2,785) | 3,048 | (1,363) |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of fiscal year | 11,627 | 8,579 | 9,942 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, end of fiscal year | $8,842 | $11,627 | $8,579 |
| Supplemental cash flow information: | |||
| Cash paid for interest | $583 | $376 | $355 |
| Cash paid for income taxes, net | $7,426 | $3,571 | $3,663 |
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