Cisco 2015 Annual Report Download - page 129

Supplementary Financial Data (Unaudited)
(in millions, except per-share amounts)
Quarters Ended July 25, 2015 April 25, 2015 January 24, 2015 October 25, 2014
Revenue .............................................. $ 12,843 $ 12,137 $ 11,936 $ 12,245
Gross margin ......................................... $ 7,733 $ 7,525 $ 7,090 $ 7,333
Operating income .................................... $ 2,881 $ 2,925 $ 2,622 $ 2,342
Net income ............................................ $ 2,319 $ 2,437 $ 2,397 $ 1,828
Net income per share - basic ......................... $ 0.46 $ 0.48 $ 0.47 $ 0.36
Net income per share - diluted ....................... $ 0.45 $ 0.47 $ 0.46 $ 0.35
Cash dividends declared per common share ......... $ 0.21 $ 0.21 $ 0.19 $ 0.19
Cash and cash equivalents and investments ......... $ 60,416 $ 54,419 $ 53,022 $ 52,107
Quarters Ended July 26, 2014 April 26, 2014 January 25, 2014 (1) October 26, 2013
Revenue ............................................... $ 12,357 $ 11,545 $ 11,155 $ 12,085
Gross margin .......................................... $ 7,405 $ 7,006 $ 5,951 $ 7,407
Operating income ...................................... $ 2,681 $ 2,542 $ 1,667 $ 2,455
Net income ............................................ $ 2,247 $ 2,181 $ 1,429 $ 1,996
Net income per share - basic ........................... $ 0.44 $ 0.42 $ 0.27 $ 0.37
Net income per share - diluted ......................... $ 0.43 $ 0.42 $ 0.27 $ 0.37
Cash dividends declared per common share ............ $ 0.19 $ 0.19 $ 0.17 $ 0.17
Cash and cash equivalents and investments ............ $ 52,074 $ 50,469 $ 47,065 $ 48,201
(1) In the second quarter of fiscal 2014, the Company recorded a pre-tax charge of $655 million to product cost of sales, which
corresponds to $526 million, net of tax, for the expected remediation cost for certain products sold in prior fiscal years
containing memory components manufactured by a single supplier between 2005 and 2010. See Note 12(f) to the
Consolidated Financial Statements.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures
None.
Item 9A. Controls and Procedures
Evaluation of Disclosure Controls and Procedures
Based on our management’s evaluation (with the participation of our principal executive officer and principal financial
officer), as of the end of the period covered by this report, our principal executive officer and principal financial officer have
concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities
Exchange Act of 1934, as amended, (the “Exchange Act”)) are effective to ensure that information required to be disclosed by us
in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods
specified in Securities and Exchange Commission rules and forms and is accumulated and communicated to our management,
including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding
required disclosure.
Internal Control over Financial Reporting
Management’s report on our internal control over financial reporting and the report of our independent registered public
accounting firm on our internal control over financial reporting are set forth, respectively, on page 72 under the caption
“Management’s Report on Internal Control Over Financial Reporting” and on page 71 of this report.
There was no change in our internal control over financial reporting during our fourth quarter of fiscal 2015 that has
materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
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