Cisco 2004 Annual Report Download - page 14

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The following selected financial data should be read in conjunction with the Consolidated Financial Statements and related notes:
July 31, 2004 July 26, 2003 July 27, 2002 July 28, 2001 July 29, 2000
Net sales $22,045 $ 18,878 $ 18,915 $ 22,293 $18,928
Net income (loss) $ 4,401(2) $ 3,578 $ 1,893 $ (1,014)(3) $ 2,668
Net income (loss) per share—basic $ 0.64 $ 0.50 $ 0.26 $ (0.14) $ 0.39
Net income (loss) per share—diluted(1) $ 0.62 $ 0.50 $ 0.25 $ (0.14) $ 0.36
Shares used in per-share calculation—basic 6,840 7,124 7,301 7,196 6,917
Shares used in per-share calculation—diluted(1) 7,057 7,223 7,447 7,196 7,438
Cash and cash equivalents and total investments $ 19,267 $ 20,652 $21,456 $ 18,517 $20,499
Total assets $35,594 $ 37,107 $ 37,795 $ 35,238 $32,870
Note 1: Diluted net income per share is computed using the weighted-average number of common shares and dilutive potential common
shares outstanding during the period. Diluted net loss per share is computed using the weighted-average number of common shares
and excludes dilutive potential common shares, as their effect is antidilutive. The weighted-average dilutive potential common shares,
which were antidilutive for fiscal 2001, amounted to 348 million shares.
Note 2: Net income for fiscal 2004 included a noncash charge for the cumulative effect of accounting change relating to a stock
compensation charge of $567 million, net of tax. See Note 3 to the Consolidated Financial Statements.
Note 3: Net loss for fiscal 2001 included restructuring costs and other special charges of $1.2 billion. See Note 4 to the Consolidated
Financial Statements. In addition, net loss for fiscal 2001 included an additional excess inventory charge of $2.2 billion recorded in
the third quarter period.
2004 ANNUAL REPORT 17
SELECTED FINANCIAL DATA
Five Years Ended July 31, 2004 (in millions, except per-share amounts)