Cisco 2015 Annual Report Download - page 85

Download and view the complete annual report

Please find page 85 of the 2015 Cisco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 140

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140

CISCO SYSTEMS, INC.
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 28, 2012 ............ 5,298 $ 39,271 $ 11,354 $ 661 $ 51,286 $ 15 $ 51,301
Net income ................................ 9,983 9,983 9,983
Other comprehensive income (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
Net income ................................ 7,853 7,853 7,853
Other comprehensive income (loss) ........ 69 69 (1) 68
Issuance of common stock ................. 156 1,907 1,907 1,907
Repurchase of common stock .............. (420) (3,322) (6,217) (9,539) (9,539)
Shares repurchased for tax withholdings on
vesting of restricted stock units .......... (18) (430) (430) (430)
Cash dividends declared ($0.72 per
common share) .......................... (3,758) (3,758) (3,758)
Tax effects from employee stock incentive
plans .................................... 35 35 35
Share-based compensation expense ........ 1,348 1,348 1,348
Purchase acquisitions and other ............ 49 49 49
BALANCE AT JULY 26, 2014 ........... 5,107 $ 41,884 $ 14,093 $ 677 $ 56,654 $ 7 $ 56,661
Net income ................................ 8,981 8,981 8,981
Other comprehensive income (loss) ...... (616) (616) 2 (614)
Issuance of common stock ................ 153 2,016 2,016 2,016
Repurchase of common stock ............. (155) (1,291) (2,943) (4,234) (4,234)
Shares repurchased for tax withholdings
on vesting of restricted stock units ..... (20) (502) (502) (502)
Cash dividends declared ($0.80 per
common share) ......................... (4,086) (4,086) (4,086)
Tax effects from employee stock
incentive plans ......................... 41 41 41
Share-based compensation expense ...... 1,440 1,440 1,440
Purchase acquisitions and other .......... 444
BALANCE AT JULY 25, 2015 ........... 5,085 $ 43,592 $ 16,045 $ 61 $ 59,698 $ 9 $ 59,707
Supplemental Information
In September 2001, the Company’s Board of Directors authorized a stock repurchase program. As of July 25, 2015, the Company’s Board of
Directors had authorized an aggregate repurchase of up to $97 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 .......... 4,443 $ 22,615 $ 70,064 $ 92,679
See Notes to Consolidated Financial Statements.
77