Cisco Systems, Inc.

NasdaqGS-CSCO

Operating Activities	Oct '25	Jul '25	Apr '25	Jan '25	Oct '24	Jul '24
Net Income	2,860	2,550	2,491	2,428	2,711	2,162
Net Income
Depreciation & Amortization	606	635	626	761	789	823
Depreciation, Amortization, and Other
Stock Based Compensation	1,055	948	945	921	827	800
Share-Based Compensation Expense
Other Adjustments	-156	-424	-343	-38	-342	-721
Benefit from Receivables
Deferred Income Taxes
Excess Tax Benefits from Share-Based Compensation
Gains on Divestitures, Investments and Other, Net
Changes in Trade Receivables	1,545	-1,719	612	-1,101	2,400	-1,591
Accounts Receivable
Financing Receivables
Changes in Inventories	-234	-332	100	212	229	-255
Inventories
Changes in Accounts Payable	-108	267	349	-90	-269	210
Accounts Payable
Changes in Accrued Expenses	-539	378	-138	461	-754	396
Accrued Compensation
Changes in Income Taxes Payable	-128	163	283	-1,479	-806	684
Income Taxes, Net
Changes in Unearned Revenue	-723	772	31	416	-971	1,009
Deferred Revenue
Changes in Other Operating Activities	-312	705	-724	-246	173	197
Other Assets
Other Liabilities
Financing Receivables
Cash from Operating Activities	3,212	4,234	4,057	2,241	3,661	3,730
Net Cash Provided by Operating Activities

Investing Activities	Oct '25	Jul '25	Apr '25	Jan '25	Oct '24	Jul '24
Capital Expenditure	-323	-217	-261	-210	-217	-198
Acquisition of Property and Equipment
Proceeds from Sale of Property, Plant & Equipment	—	—	—	—	—	—
Proceeds from Sales of Property and Equipment
Purchases of Investments	-2,002	-1,641	-933	-581	-1,817	-1,388
Purchases of Investments
Purchases of Investments in Privately Held Companies
Proceeds from Sale of Investments	2,510	1,571	1,733	1,857	2,731	881
Proceeds from Sales of Investments
Proceeds from Maturities of Investments
Return of Investments in Privately Held Companies
Payments for Business Acquisitions	-7	—	-34	-40	-217	-120
Acquisitions, Net of Cash and Cash Equivalents Acquired and Divestitures
Proceeds from Business Divestments	—	—	—	—	—	—
Proceeds from Business Divestitures
Other Investing Activities	-22	14	7	-4	-1	-3
Other
Cash from Investing Activities	156	-273	505	1,022	479	-828
Net Cash Provided by Investing Activities

Financing Activities	Oct '25	Jul '25	Apr '25	Jan '25	Oct '24	Jul '24
Issuance of Short-Term Debt	1,260	448	-1,491	944	68	-1,069
Short-Term Borrowings, Original Maturities of 90 Days or Less, Net
Net Issuance / (Repayments) of Short-Term Debt	1,260	448	-1,491	944	68	-1,069
Issuance of Long-Term Debt	1,559	1,904	6,982	4,674	5,732	7,659
Issuances of Debt
Repayments of Long-Term Debt	-2,788	-3,528	-7,163	-6,561	-4,821	-7,631
Repayments of Debt
Repayments of Splunk Convertible Debt, Net of Capped Call Proceeds
Net Issuance / (Repayments) of Long-Term Debt	-1,229	-1,624	-181	-1,887	911	28
Issuance of Common Shares	—	416	208	320	—	367
Issuances of Common Stock
Repurchases of Common Shares	-2,276	-1,564	-1,760	-1,730	-2,168	-2,242
Repurchases of Common Stock
Shares Repurchased for Tax Withholdings on Vesting of Restricted Stock Units
Net Issuance / (Repurchases) of Common Shares	-2,276	-1,148	-1,552	-1,410	-2,168	-1,875
Common Share Dividends Paid	-1,617	-1,625	-1,627	-1,593	-1,592	-1,606
Dividends Paid
Other Financing Activities	1,259	448	-1,569	945	65	-1,054
Excess Tax Benefits from Share-Based Compensation
Other
Short-Term Borrowings, Original Maturities of 90 Days or Less, Net
Cash from Financing Activities	-3,863	-3,949	-5,137	-3,945	-2,784	-4,507
Net Cash Provided by Financing Activities
Net Cash Provided by Financing Activities

Free Cash Flow	Oct '25	Jul '25	Apr '25	Jan '25	Oct '24	Jul '24
Free Cash Flow	2,889	4,017	3,796	2,031	3,444	3,532
NOPAT	2,836.4	2,624.8	2,706.5	2,618.1	2,819.8	2,362.3
Levered Free Cash Flow	1,130	3,745	1,085	1,310	1,864	3,987
Unlevered Free Cash Flow	1,075.4	4,995.8	2,972.5	2,443.1	993.8	5,228.3
Net Change in Cash	-495	12	-575	-682	1,356	-1,605