Cisco 2015 Annual Report Download - page 128
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The Company has made certain reclassifications to the product revenue amounts for prior years to conform to the current year’s
presentation.
(c) Additional Segment Information
The majority of the Company’s assets, excluding cash and cash equivalents and investments, as of July 25, 2015 and July 26,
2014 was attributable to its U.S. operations. The Company’s total cash and cash equivalents and investments held by various
foreign subsidiaries were $53.4 billion and $47.4 billion as of July 25, 2015 and July 26, 2014, respectively, and the remaining
$7.0 billion and $4.7 billion at the respective fiscal year ends were available in the United States. In fiscal 2015, 2014, and 2013,
no single customer accounted for 10% or more of the Company’s revenue.
Property and equipment information is based on the physical location of the assets. The following table presents property and
equipment information for geographic areas (in millions):
July 25, 2015 July 26, 2014 July 27, 2013
Property and equipment, net:
United States ........................................................ $ 2,733 $ 2,697 $ 2,780
International ......................................................... 599 555 542
Total ........................................................... $ 3,332 $ 3,252 $ 3,322
18. Net Income per Share
The following table presents the calculation of basic and diluted net income per share (in millions, except per-share amounts):
Years Ended July 25, 2015 July 26, 2014 July 27, 2013
Net income ................................................................... $ 8,981 $ 7,853 $ 9,983
Weighted-average shares—basic ............................................. 5,104 5,234 5,329
Effect of dilutive potential common shares ................................... 42 47 51
Weighted-average shares—diluted ........................................... 5,146 5,281 5,380
Net income per share—basic ................................................. $ 1.76 $ 1.50 $ 1.87
Net income per share—diluted ............................................... $ 1.75 $ 1.49 $ 1.86
Antidilutive employee share-based awards, excluded ......................... 183 254 407
Employee equity share options, unvested shares, and similar equity instruments granted by the Company are treated as potential
common shares outstanding in computing diluted earnings per share. Diluted shares outstanding include the dilutive effect of in-
the-money options, unvested restricted stock, and restricted stock units. The dilutive effect of such equity awards is calculated
based on the average share price for each fiscal period using the treasury stock method. Under the treasury stock method, the
amount the employee must pay for exercising stock options, the amount of compensation cost for future service that the Company
has not yet recognized, and the amount of tax benefits that would be recorded in additional paid-in capital when the award
becomes deductible are collectively assumed to be used to repurchase shares.
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