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CISCO SYSTEMS, INC.
Consolidated Balance Sheets
(in millions, except par value)
July 26, 2014 July 27, 2013
ASSETS
Current assets:
Cash and cash equivalents ....................................................... $ 6,726 $ 7,925
Investments .................................................................. 45,348 42,685
Accounts receivable, net of allowance for doubtful accounts of $265 at July 26, 2014 and $228
at July 27, 2013 ............................................................. 5,157 5,470
Inventories ................................................................... 1,591 1,476
Financing receivables, net ....................................................... 4,153 4,037
Deferred tax assets ............................................................. 2,808 2,616
Other current assets ............................................................ 1,331 1,312
Total current assets ........................................................ 67,114 65,521
Property and equipment, net ......................................................... 3,252 3,322
Financing receivables, net ........................................................... 3,918 3,911
Goodwill ........................................................................ 24,239 21,919
Purchased intangible assets, net ....................................................... 3,280 3,403
Other assets ...................................................................... 3,331 3,115
TOTAL ASSETS ......................................................... $105,134 $101,191
LIABILITIES AND EQUITY
Current liabilities:
Short-term debt ............................................................... $ 508 $ 3,283
Accounts payable .............................................................. 1,032 1,029
Income taxes payable ........................................................... 159 192
Accrued compensation .......................................................... 3,181 3,182
Deferred revenue .............................................................. 9,478 9,262
Other current liabilities ......................................................... 5,451 5,048
Total current liabilities ...................................................... 19,809 21,996
Long-term debt ................................................................... 20,401 12,928
Income taxes payable ............................................................... 1,851 1,748
Deferred revenue .................................................................. 4,664 4,161
Other long-term liabilities ........................................................... 1,748 1,230
Total liabilities ............................................................ 48,473 42,063
Commitments and contingencies (Note 12)
Equity:
Cisco shareholders’ equity:
Preferred stock, no par value: 5 shares authorized; none issued and outstanding ............. ——
Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 5,107
and 5,389 shares issued and outstanding at July 26, 2014 and July 27, 2013, respectively ....
41,884 42,297
Retained earnings .............................................................. 14,093 16,215
Accumulated other comprehensive income .......................................... 677 608
Total Cisco shareholders’ equity .............................................. 56,654 59,120
Noncontrolling interests ........................................................ 78
Total equity .............................................................. 56,661 59,128
TOTAL LIABILITIES AND EQUITY ....................................... $105,134 $101,191
See Notes to Consolidated Financial Statements.
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