Cisco 2013 Annual Report Download - page 86

Consolidated Statements of Equity
(in millions, except per-share amounts)
Shares of
Common
Stock
Common Stock
and
Additional
Paid-In Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income
Total Cisco
Shareholders’
Equity
Non-controlling
Interests Total Equity
BALANCE AT JULY 31, 2010....................... 5,655 $37,793 $ 5,851 $ 623 $44,267 $ 18 $44,285
Net income ....................................... 6,490 6,490 6,490
Other comprehensive income ........................ 671 671 15 686
Issuance of common stock ........................... 141 1,831 1,831 1,831
Repurchase of common stock ........................ (351) (2,392) (4,399) (6,791) (6,791)
Shares repurchased for tax withholdings on vesting of
restricted stock units ............................. (10) (183) (183) (183)
Cash dividends declared ($0.12 per common share) ....... (658) (658) (658)
Tax effects from employee stock incentive plans ......... (33) (33) (33)
Share-based compensation expense .................... 1,620 1,620 1,620
Purchase acquisitions and other ....................... 12 12 12
BALANCE AT JULY 30, 2011....................... 5,435 $38,648 $ 7,284 $1,294 $47,226 $ 33 $47,259
Net income ....................................... 8,041 8,041 8,041
Other comprehensive loss ........................... (633) (633) (18) (651)
Issuance of common stock ........................... 137 1,372 1,372 1,372
Repurchase of common stock ........................ (262) (1,890) (2,470) (4,360) (4,360)
Shares repurchased for tax withholdings on vesting of
restricted stock units ............................. (12) (200) (200) (200)
Cash dividends declared ($0.28 per common share) ....... (1,501) (1,501) (1,501)
Tax effects from employee stock incentive plans ......... (66) (66) (66)
Share-based compensation expense .................... 1,401 1,401 1,401
Purchase acquisitions and other ....................... 6 6 6
BALANCE AT JULY 28, 2012 ...................... 5,298 $39,271 $11,354 $ 661 $51,286 $ 15 $51,301
Net income ...................................... 9,983 9,983 9,983
Other comprehensive loss .......................... (53) (53) (7) (60)
Issuance of common stock .......................... 235 3,338 3,338 3,338
Repurchase of common stock ....................... (128) (961) (1,812) (2,773) (2,773)
Shares repurchased for tax withholdings on vesting of
restricted stock units ............................ (16) (330) (330) (330)
Cash dividends declared ($0.62 per common share) .... (3,310) (3,310) (3,310)
Tax effects from employee stock incentive plans ....... (204) (204) (204)
Share-based compensation expense .................. 1,120 1,120 1,120
Purchase acquisitions and other ..................... 63 63 63
BALANCE AT JULY 27, 2013 ...................... 5,389 $42,297 $16,215 $ 608 $59,120 $ 8 $59,128
Supplemental Information
In September 2001, the Company’s Board of Directors authorized a stock repurchase program. As of July 27, 2013, the Company’s
Board of Directors had authorized an aggregate repurchase of up to $82 billion of common stock under this program with no
termination date. The stock repurchases since the inception of this program and the related impacts on Cisco shareholders’ equity
are summarized in the following table (in millions):
Shares of
Common
Stock
Common Stock
and Additional
Paid-In Capital
Retained
Earnings
Total Cisco
Shareholders’
Equity
Repurchases of common stock under the repurchase program ................. 3,868 $18,002 $60,904 $78,906
See Notes to Consolidated Financial Statements.
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