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Notes to Consolidated Financial Statements
36 Cisco Systems, Inc. 2002 Annual Report
5. Balance Sheet and Cash Flow Details
The following tables provide details of selected balance sheet items (in millions):
July 27, 2002 July 28, 2001
Inventories, net:
Raw materials $38 $ 662
Work in process 297 260
Finished goods 490 669
Demonstration systems 55 93
Total $ 880 $ 1,684
Property and equipment, net:
Land, buildings, and leasehold improvements $ 3,352 $ 1,300
Computer equipment and related software 1,021 984
Production, engineering, and other equipment 2,061 1,828
Operating lease assets 505 551
Furniture and fixtures 366 366
7,305 5,029
Less, accumulated depreciation and amortization (3,203) (2,438)
Total $ 4,102 $ 2,591
Other assets:
Deferred tax assets $ 1,663 $ 1,314
Investments in privately held companies 477 775
Income tax receivable 392 443
Lease deposits –320
Structured loans, net 61 84
Other 466 354
Total $ 3,059 $ 3,290
Deferred revenue:
Service $ 2,207 $ 2,027
Product 1,685 1,187
Total 3,892 3,214
Less, current portion (3,143) (2,470)
Non-current deferred revenue $ 749 $ 744
The following table presents supplemental cash flow information of significant noncash investing and financing activities (in millions):
Years Ended July 27, 2002 July 28, 2001 July 29, 2000
Utilization of inventory financing to purchase inventory $– $ 765 $ –