Below are the financial statements of Cisco Systems, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | — | — | — |
| Product | 39,253a | 43,142a | 38,018a |
| Services | 14,550a | 13,856a | 13,539a |
| Total revenue | 53,803a | 56,998a | 51,557a |
| Cost of sales | — | — | — |
| Product | -14,339a | -16,590a | -14,814a |
| Services | -4,636a | -4,655a | -4,495a |
| Total cost of sales | -18,975a | -21,245a | -19,309a |
| Gross margin | 34,828a | 35,753a | 32,248a |
| Operating expenses | — | — | — |
| Research and development | -7,983a | -7,551a | -6,774a |
| Sales and marketing | -10,364a | -9,880a | -9,085a |
| General and administrative | -2,813a | -2,478a | -2,101a |
| Amortization of purchased intangible assets | -698a | -282a | -313a |
| Restructuring and other charges | -789a | -531a | -6a |
| Total operating expenses | -22,647a | -20,722a | -18,279a |
| Operating income | 12,181a | 15,031a | 13,969a |
| Interest income | 1,365a | 962a | 476a |
| Interest expense | -1,006a | -427a | -360a |
| Other income (loss), net | -306a | -248a | 392a |
| Interest and other income (loss), net | 53a | 287a | 508a |
| Income before provision for income taxes | 12,234a | 15,318a | 14,477a |
| Provision for income taxes | -1,914a | -2,705a | -2,665a |
| Net income | 10,320a | 12,613a | 11,812a |
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