Cisco 2015 Annual Report Download - page 81
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CISCO SYSTEMS, INC.
Consolidated Balance Sheets
(in millions, except par value)
July 25, 2015 July 26, 2014
ASSETS
Current assets:
Cash and cash equivalents ................................................................ $ 6,877 $ 6,726
Investments .............................................................................. 53,539 45,348
Accounts receivable, net of allowance for doubtful accounts of $302 at July 25, 2015 and
$265 at July 26, 2014 .................................................................... 5,344 5,157
Inventories ............................................................................... 1,627 1,591
Financing receivables, net ................................................................ 4,491 4,153
Deferred tax assets ....................................................................... 2,915 2,808
Other current assets ...................................................................... 1,490 1,331
Total current assets .................................................................. 76,283 67,114
Property and equipment, net ................................................................... 3,332 3,252
Financing receivables, net ..................................................................... 3,858 3,918
Goodwill ...................................................................................... 24,469 24,239
Purchased intangible assets, net ............................................................... 2,376 3,280
Other assets ................................................................................... 3,163 3,267
TOTAL ASSETS .................................................................. $ 113,481 $ 105,070
LIABILITIES AND EQUITY
Current liabilities:
Short-term debt .......................................................................... $ 3,897 $ 508
Accounts payable ........................................................................ 1,104 1,032
Income taxes payable .................................................................... 62 159
Accrued compensation ................................................................... 3,049 3,181
Deferred revenue ......................................................................... 9,824 9,478
Other current liabilities ................................................................... 5,687 5,451
Total current liabilities .............................................................. 23,623 19,809
Long-term debt ............................................................................... 21,457 20,337
Income taxes payable ......................................................................... 1,876 1,851
Deferred revenue .............................................................................. 5,359 4,664
Other long-term liabilities ..................................................................... 1,459 1,748
Total liabilities ...................................................................... 53,774 48,409
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;
5,085 and 5,107 shares issued and outstanding at July 25, 2015 and July 26, 2014,
respectively ........................................................................... 43,592 41,884
Retained earnings ........................................................................ 16,045 14,093
Accumulated other comprehensive income ............................................... 61 677
Total Cisco shareholders’ equity .................................................... 59,698 56,654
Noncontrolling interests .................................................................. 97
Total equity ......................................................................... 59,707 56,661
TOTAL LIABILITIES AND EQUITY ............................................ $ 113,481 $ 105,070
See Notes to Consolidated Financial Statements.
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