Cisco 2011 Annual Report Download - page 105
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During fiscal 2011, the Company also recorded charges of $124 million, primarily related to inventory and
supply chain charges in connection with the Company’s consumer restructuring activities and the exiting of its
Flip Video cameras product line, which were recorded in cost of sales and not included in the preceding table.
6. Balance Sheet Details
The following tables provide details of selected balance sheet items (in millions):
July 30, 2011 July 31, 2010
Inventories:
Raw materials ...................................................... $ 219 $ 217
Work in process .................................................... 52 50
Finished goods:
Distributor inventory and deferred cost of sales ....................... 631 587
Manufactured finished goods ...................................... 331 260
Total finished goods ............................................. 962 847
Service-related spares ............................................... 182 161
Demonstration systems .............................................. 71 52
Total ..................................................... $ 1,486 $ 1,327
Property and equipment, net:
Land, buildings, and building & leasehold improvements ................... $ 4,760 $ 4,470
Computer equipment and related software ............................... 1,429 1,405
Production, engineering, and other equipment ............................ 5,093 4,702
Operating lease assets (1) ............................................. 293 255
Furniture and fixtures ................................................ 491 476
12,066 11,308
Less accumulated depreciation and amortization (1) ........................ (8,150) (7,367)
Total ..................................................... $ 3,916 $ 3,941
(1) Accumulated depreciation related to operating lease assets was $169 and $144 as of July 30, 2011 and July 31, 2010, respectively.
Other assets:
Deferred tax assets .................................................. $ 1,864 $ 2,079
Investments in privately held companies ................................. 796 756
Other ............................................................. 441 371
Total ..................................................... $ 3,101 $ 3,206
Deferred revenue:
Service ........................................................... $ 8,521 $ 7,428
Product:
Unrecognized revenue on product shipments and other deferred revenue . . . 3,003 2,788
Cash receipts related to unrecognized revenue from two-tier distributors . . . 683 867
Total product deferred revenue .................................... 3,686 3,655
Total ..................................................... $12,207 $11,083
Reported as:
Current ........................................................... $ 8,025 $ 7,664
Noncurrent ........................................................ 4,182 3,419
Total ..................................................... $12,207 $11,083
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