Cisco Systems, Inc.

NasdaqGS-CSCO

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Operating Activities	LTM	Jul '25	Jul '24	Jul '23	Jul '22	Jul '21	Jul '20	Jul '19	Jul '18	Jul '17	Jul '16
Net Income	10,329	10,180	10,320	12,613	11,812	10,591	11,214	11,621	110	9,609	10,739
Net Income
Depreciation & Amortization	2,628	2,811	2,507	1,726	1,957	1,862	1,808	1,897	2,192	2,286	2,150
Depreciation, Amortization, and Other
Stock Based Compensation	3,869	3,641	3,074	2,353	1,886	1,761	1,569	1,570	1,576	1,526	1,458
Share-Based Compensation Expense
Other Adjustments	-961	-1,147	-723	-1,848	-707	-744	-83	-334	444	-131	-649
Provision for Doubtful Accounts
Benefit from Receivables
Deferred Income Taxes
Excess Tax Benefits from Share-Based Compensation
In-Process Research and Development
Gains on Divestitures, Investments and Other, Net
Changes in Trade Receivables	-663	192	-213	1,836	232	1,470	-904	-333	-488	-282	-554
Accounts Receivable
Change in Financing Receivables, Net
Financing Receivables
Changes in Inventories	-254	209	275	-1,069	-1,030	-244	84	131	-244	-394	315
Inventories
Changes in Accounts Payable	418	257	-90	27	-55	-53	141	87	504	311	-65
Accounts Payable
Changes in Accrued Expenses	162	-53	-696	651	-427	643	-78	277	100	-110	-101
Accrued Compensation
Changes in Income Taxes Payable	-1,161	-1,839	-4,539	1,218	-690	-549	-322	312	8,118	60	-300
Income Taxes, Net
Changes in Unearned Revenue	496	248	1,220	2,326	1,328	1,560	2,011	1,407	1,205	1,683	1,219
Deferred Revenue
Changes in Other Operating Activities	-271	-92	-179	1,155	161	734	-811	-1,053	-70	-1,720	-792
Other Assets
Other Liabilities
Change in Financing Receivables, Net
Financing Receivables
Cash from Operating Activities	13,744	14,193	10,880	19,886	13,226	15,454	15,426	15,831	13,666	13,876	13,570
Net Cash Provided by Operating Activities

Investing Activities	LTM	Jul '25	Jul '24	Jul '23	Jul '22	Jul '21	Jul '20	Jul '19	Jul '18	Jul '17	Jul '16
Capital Expenditure	-1,011	-905	-670	-849	-477	-692	-770	-909	-834	-964	-1,146
Acquisition of Property and Equipment
Proceeds from Sale of Property, Plant & Equipment	—	—	—	—	—	28	179	22	59	7	41
Proceeds from Sales of Property and Equipment
Purchases of Investments	-5,157	-4,972	-4,514	-11,056	-6,256	-9,503	-9,402	-2,564	-14,552	-42,924	-47,016
Purchases of Investments
Change in Investments in Privately Held Companies
Purchases of Investments in Privately Held Companies
Proceeds from Sale of Investments	7,671	7,892	10,705	7,122	8,583	11,976	13,830	20,475	33,643	41,173	42,984
Proceeds from Sales of Investments
Proceeds from Maturities of Investments
Return of Investments in Privately Held Companies
Payments for Business Acquisitions	-81	-291	-25,994	-301	-373	-7,038	-327	-2,175	-2,979	-3,324	-3,161
Acquisitions, Net of Cash and Cash Equivalents Acquired and Divestitures
Proceeds from Business Divestments	—	—	—	—	—	—	—	—	—	—	372
Proceeds from Business Divestitures
Other Investing Activities	-5	9	-5	-23	76	-56	-10	-12	-19	-4	-191
Other
Change in Investments in Privately Held Companies
Cash from Investing Activities	1,410	1,733	-20,478	-5,107	1,553	-5,285	3,500	14,837	15,318	-6,036	-8,117
Net Cash Provided by Investing Activities

Financing Activities	LTM	Jul '25	Jul '24	Jul '23	Jul '22	Jul '21	Jul '20	Jul '19	Jul '18	Jul '17	Jul '16
Issuance of Short-Term Debt	1,161	-31	478	-602	606	-5	-3,470	3,446	-2,502	2,497	-4
Short-Term Borrowings, Original Maturities of 90 Days or Less, Net
Net Issuance / (Repayments) of Short-Term Debt	1,161	-31	478	-602	606	-5	-3,470	3,446	-2,502	2,497	-4
Issuance of Long-Term Debt	15,119	19,292	31,818	—	1,049	—	—	2,250	6,877	6,980	6,978
Issuances of Debt
Repayments of Long-Term Debt	-20,040	-22,073	-12,966	-500	-3,550	-3,000	-6,720	-6,780	-12,375	-4,151	-3,863
Repayments of Debt
Repayments of Splunk Convertible Debt, Net of Capped Call Proceeds
Net Issuance / (Repayments) of Long-Term Debt	-4,921	-2,781	18,852	-500	-2,501	-3,000	-6,720	-4,530	-5,498	2,829	3,115
Issuance of Common Shares	—	736	714	700	660	643	655	640	623	708	1,127
Issuances of Common Stock
Repurchases of Common Shares	-7,330	-7,222	-6,779	-4,890	-8,381	-3,513	-3,386	-21,579	-18,250	-4,304	-4,466
Repurchases of Common Stock
Shares Repurchased for Tax Withholdings on Vesting of Restricted Stock Units
Net Issuance / (Repurchases) of Common Shares	-7,330	-6,486	-6,065	-4,190	-7,721	-2,870	-2,731	-20,939	-17,627	-3,596	-3,339
Common Share Dividends Paid	-6,462	-6,437	-6,384	-6,302	-6,224	-6,163	-6,016	-5,979	-5,968	-5,511	-4,750
Dividends Paid
Other Financing Activities	1,083	-111	441	-634	484	-64	-3,389	3,559	-2,671	2,472	275
Excess Tax Benefits from Share-Based Compensation
Other
Short-Term Borrowings, Original Maturities of 90 Days or Less, Net
Cash from Financing Activities	-16,894	-15,815	6,844	-11,626	-15,962	-12,097	-18,856	-27,889	-31,764	-3,806	-4,699
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Jul '25	Jul '24	Jul '23	Jul '22	Jul '21	Jul '20	Jul '19	Jul '18	Jul '17	Jul '16
Free Cash Flow	12,733	13,288	10,210	19,037	12,749	14,762	14,656	14,922	12,832	12,912	12,424
NOPAT	10,786.1	10,785.3	10,275.3	12,376.7	11,397.5	10,248.4	10,933	11,340.3	103.8	9,363.4	10,522.9
Levered Free Cash Flow	7,576	8,004	27,478	16,696	10,684	10,847	3,087	12,686	3,081	16,087	15,130
Unlevered Free Cash Flow	11,793.1	11,421.3	8,103.3	17,561.7	12,164.5	13,509.4	12,996	13,489.3	11,074.8	10,515.4	11,802.9
Net Change in Cash	-1,740	111	-2,754	3,153	-1,183	-1,928	70	2,779	-2,780	4,034	754