Cisco 2006 Annual Report Download - page 56

Download and view the complete annual report

Please find page 56 of the 2006 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 79

  • 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
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79

2006 Annual Report 59
4. Balance Sheet Details
The following tables provide details of selected balance sheet items (in millions):
July 29, 2006 July 30, 2005
Inventories:
Raw materials $ 131 $ 82
Work in process 377 431
Finished goods:
Distributor inventory and deferred cost of sales 423 385
Manufacturing finished goods 236 184
Total finished goods 659 569
Service-related spares 170 180
Demonstration systems 34 35
Total $ 1,371 $ 1,297
Property and equipment, net:
Land, buildings, and leasehold improvements $ 3,647 $ 3,492
Computer equipment and related software 1,352 1,244
Production, engineering, and other equipment 3,678 3,095
Operating lease assets 153 136
Furniture and fixtures 363 355
9,193 8,322
Less accumulated depreciation and amortization (5,753) (5,002)
Total $ 3,440 $ 3,320
Other assets:
Deferred tax assets $ 983 $ 1,308
Investments in privately held companies 574 421
Income tax receivable 279 277
Lease receivables, net 464 353
Other 511 350
Total $ 2,811 $ 2,709
Deferred revenue:
Service $ 4,088 $ 3,618
Product
Unrecognized revenue on product shipments and other deferred revenue 1,156 1,201
Cash receipts related to unrecognized revenue from two-tier distributors 405 223
Total product deferred revenue 1,561 1,424
Total $ 5,649 $ 5,042
Reported as:
Current $ 4,408 $ 3,854
Noncurrent 1,241 1,188
Total $ 5,649 $ 5,042
Notes to Consolidated Financial Statements