Cisco 2003 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2003 Cisco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 68

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68

5. BALANCE SHEET AND CASH FLOW DETAILS
The following tables provide details of selected balance sheet items (in millions):
July 26, 2003 July 27, 2002
Inventories:
Raw materials $38 $38
Work in process 291 297
Finished goods 515 490
Demonstration systems 29 55
Total $873 $880
Property and equipment, net:
Land, buildings, and leasehold improvements $3,411 $3,352
Computer equipment and related software 1,147 1,021
Production, engineering, and other equipment 2,410 2,061
Operating lease assets 439 505
Furniture and fixtures 350 366
7,757 7, 305
Less, accumulated depreciation and amortization (4,036) (3,203)
Total $3,721 $4,102
Other assets:
Deferred tax assets $1,476 $1,663
Investments in privately held companies 516 477
Income tax receivable 727 392
Structured loans, net 42 61
Other 384 466
Total $3,145 $3,059
Deferred revenue:
Service $2,451 $2,207
Product 1,357 1,685
Total 3,808 3,892
Less, current portion (3,034) (3,143)
Non-current deferred revenue $774 $749
The following table presents supplemental cash flow information of significant non-cash investing and financing activities (in millions):
Years Ended July 26, 2003 July 27, 2002 July 28, 2001
Utilization of inventory financing to purchase inventory $— $— $765
2003 ANNUAL REPORT 47