Cisco was founded in 1984 and is headquartered in San Jose, US

CEO

CTO

Executive VP and CFO

SVP and General Counsel & Chief Compliance Officer

SVP

Executive VP

SVP and General Manager

SVP and Chief People Officer

SVP and Chief Strategy Officer

SVP and General Manager

SVP and CMO

Senior VP, Operations

Chief Executive Officer, Greater China

SVP & Chief Digital Officer

VP and Chief of Staff to CEO

Cisco has offices in San Jose, Middlesex and Greater London

San Jose, US (HQ)

Cisco Building D 170 W Tasman Dr

Greater London, GB

18 Finsbury Circus

Middlesex, GB

Challenge Rd

Cisco's revenue was reported to be $11.9 b in Q3, 2017

USD

## Revenue (Q3, 2017) | 11.9 b |

## Gross profit (Q3, 2017) | 7.5 b |

## Gross profit margin (Q3, 2017), % | 63% |

## Net income (Q3, 2017) | 7.2 b |

## EBIT (Q3, 2017) | 3.2 b |

## Market capitalization (22-Aug-2017) | 157.8 b |

## Cash (29-Apr-2017) | 8.1 b |

Cisco's current market capitalization is $157.8 b.

- Source: Company Filings

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 47.1 b | 49.2 b | 49.2 b |

## Revenue growth, % | 4% | 0% | |

## Cost of goods sold | 19.4 b | 19.5 b | 18.3 b |

## Gross profit | 27.8 b | 29.7 b | 31 b |

## Gross profit Margin, % | 59% | 60% | 63% |

## Sales and marketing expense | 9.6 b | ||

## R&D expense | 6.3 b | ||

## General and administrative expense | 1.8 b | ||

## Operating expense total | 17.7 b | ||

## EBIT | 9.3 b | 10.8 b | 12.7 b |

## EBIT margin, % | 20% | 22% | 26% |

## Interest expense | 564 m | 566 m | 676 m |

## Interest income | 370 m | 431 m | 260 m |

## Pre tax profit | 9.7 b | 11.2 b | 12.9 b |

## Income tax expense | 1.9 b | 2.2 b | 2.2 b |

## Net Income | 7.9 b | 9 b | 10.7 b |

USD | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2017^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 12.2 b | 11.9 b | 12.1 b | 12.7 b | 11.9 b | 12 b | 12.4 b | 11.6 b | 11.9 b |

## Cost of goods sold | 4.9 b | 4.8 b | 4.6 b | 4.9 b | 4.5 b | 4.3 b | 4.5 b | 4.3 b | 4.4 b |

## Gross profit | 7.3 b | 7.1 b | 7.5 b | 7.8 b | 7.4 b | 7.7 b | 7.9 b | 7.3 b | 7.5 b |

## Gross profit Margin, % | 60% | 59% | 62% | 62% | 62% | 64% | 64% | 63% | 63% |

## Sales and marketing expense | 2.5 b | 2.3 b | 2.4 b | 2.4 b | 2.3 b | 2.4 b | 2.4 b | 2.2 b | 2.2 b |

## R&D expense | 1.6 b | 1.5 b | 1.5 b | 1.6 b | 1.5 b | 1.6 b | 1.5 b | 1.5 b | 1.5 b |

## General and administrative expense | 504 m | 490 m | 510 m | 539 m | 176 m | 566 m | 555 m | 456 m | 487 m |

## Operating expense total | 4.6 b | 4.3 b | 4.5 b | 4.5 b | 4 b | 4.6 b | 4.5 b | 4.2 b | 4.2 b |

## EBIT | 2.3 b | 2.6 b | 2.9 b | 3.1 b | 3.3 b | 3 b | 2.9 b | 2.9 b | 3.2 b |

## EBIT margin, % | 19% | 22% | 24% | 24% | 28% | 25% | 23% | 25% | 27% |

## Interest expense | 139 m | 139 m | 139 m | 159 m | 162 m | 175 m | 198 m | 222 m | 219 m |

## Interest income | 18 m | 251 m | 110 m | 58 m | 12 m | 99 m | 76 m | 70 m | 22 m |

## Pre tax profit | 2.4 b | 2.9 b | 3 b | 3.1 b | 3.3 b | 3.1 b | 3 b | 3 b | 3.2 b |

## Income tax expense | 532 m | 476 m | 598 m | 707 m | 159 m | 734 m | 631 m | 615 m | 676 m |

## Net Income | 1.8 b | 4.2 b | 6.7 b | 2.4 b | 5.6 b | 7.9 b | 2.3 b | 4.7 b | 7.2 b |

- Source: Company Filings

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Cash | 6.7 b | 6.9 b | 7.6 b |

## Accounts Receivable | 5.2 b | 5.3 b | 5.8 b |

## Inventories | 1.6 b | 1.6 b | 1.2 b |

## Current Assets | 67.1 b | 73.4 b | 78.7 b |

## PP&E | 3.3 b | 3.3 b | 3.5 b |

## Goodwill | 24.2 b | 24.5 b | 26.6 b |

## Total Assets | 105.1 b | 113.4 b | 121.7 b |

## Accounts Payable | 1 b | 1.1 b | 1.1 b |

## Total Debt | 20.4 b | 21.5 b | 24.5 b |

## Current Liabilities | 19.8 b | 23.4 b | 24.9 b |

## Total Liabilities | 58.1 b | ||

## Retained Earnings | 14.1 b | 16 b | 19.4 b |

## Total Equity | 56.7 b | 59.7 b | 63.6 b |

## Debt to Equity Ratio | 0.4 x | 0.4 x | 0.4 x |

## Debt to Assets Ratio | 0.2 x | 0.2 x | 0.2 x |

## Financial Leverage | 1.9 x | 1.9 x | 1.9 x |

USD | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2017^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 4.4 b | 4.8 b | 3.9 b | 5.8 b | 6.3 b | 8.9 b | 8.6 b | 10.9 b | 8.1 b |

## Inventories | 1.7 b | 1.9 b | 1.8 b | 1.5 b | 1.4 b | 1.3 b | 1.2 b | 1.3 b | 1.4 b |

## Current Assets | 66.4 b | 67.9 b | 69.3 b | 73.9 b | 75 b | 78.6 b | 83.1 b | 83.4 b | 80 b |

## PP&E | 3.2 b | 3.2 b | 3.3 b | 3.3 b | 3.4 b | 3.5 b | 3.5 b | 3.4 b | 3.4 b |

## Goodwill | 24.4 b | 24.4 b | 24.4 b | 24.9 b | 25 b | 26.8 b | 26.8 b | 26.8 b | 29.5 b |

## Total Assets | 104 b | 105 b | 106 b | 112 b | 113 b | 119 b | 126 b | 126 b | 126 b |

## Accounts Payable | 1 b | 988 m | 1.1 b | 1.1 b | 962 m | 1 b | 996 m | 957 m | 1.2 b |

## Current Liabilities | 20.1 b | 20 b | 23.2 b | 22.1 b | 22.8 b | 24 b | 23.2 b | 22.7 b | 22.7 b |

## Retained Earnings | 14.3 b | 14.8 b | 15.5 b | 16.6 b | 17.8 b | 18.4 b | 19.7 b | 20 b | 20.7 b |

## Total Equity | 56.7 b | 57.7 b | 58.8 b | 60 b | 60.9 b | 62.4 b | 63.4 b | 63.8 b | 65.4 b |

## Financial Leverage | 1.8 x | 1.8 x | 1.8 x | 1.9 x | 1.9 x | 1.9 x | 2 x | 2 x | 1.9 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | 7.9 b | 9 b | 10.7 b |

## Accounts Receivable | 340 m | (413 m) | (404 m) |

## Inventories | (109 m) | (116 m) | 315 m |

## Accounts Payable | (23 m) | 87 m | (65 m) |

## Cash From Operating Activities | 12.3 b | 12.6 b | 13.6 b |

## Purchases of PP&E | (1.3 b) | (1.2 b) | (1.1 b) |

## Cash From Investing Activities | (6.6 b) | (10.1 b) | (8.1 b) |

## Long-term Borrowings | (3.3 b) | (508 m) | (3.9 b) |

## Dividends Paid | (3.8 b) | (4.1 b) | (4.8 b) |

## Cash From Financing Activities | (6.9 b) | (2.3 b) | (4.7 b) |

## Interest Paid | 682 m | 760 m | 859 m |

## Income Taxes Paid | 2.3 b | 2.2 b | 2.7 b |

USD | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2017^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 1.8 b | 4.2 b | 6.7 b | 2.4 b | 5.6 b | 7.9 b | 2.3 b | 4.7 b | 7.2 b |

## Accounts Receivable | 723 m | 501 m | 97 m | 631 m | 988 m | 1.4 b | 1 b | 1.4 b | 1.3 b |

## Inventories | (107 m) | (340 m) | (235 m) | 130 m | 153 m | 189 m | 44 m | (51 m) | (149 m) |

## Accounts Payable | (5 m) | (32 m) | 101 m | 4 m | (147 m) | (114 m) | (63 m) | (98 m) | 149 m |

## Cash From Operating Activities | 2.5 b | 5.4 b | 8.4 b | 2.8 b | 6.7 b | 9.8 b | 2.7 b | 6.5 b | 9.9 b |

## Purchases of PP&E | (285 m) | (550 m) | (907 m) | (262 m) | (576 m) | (880 m) | (275 m) | (526 m) | (756 m) |

## Cash From Investing Activities | (2.9 b) | (3.6 b) | (6.2 b) | (950 m) | (2.4 b) | (4.8 b) | (5.4 b) | (5 b) | (6.7 b) |

## Long-term Borrowings | (3 m) | (506 m) | (507 m) | (852 m) | (862 m) | (3.9 b) | (1 m) | (1 m) | (4.2 b) |

## Dividends Paid | (973 m) | (1.9 b) | (3 b) | (1.1 b) | (2.1 b) | (3.4 b) | (1.3 b) | (2.6 b) | (4.1 b) |

## Cash From Financing Activities | (2 b) | (3.7 b) | (5 b) | (2.9 b) | (4.9 b) | (3 b) | 3.6 b | 1.7 b | (2.7 b) |

## Interest Paid | 263 m | 383 m | 646 m | 264 m | 426 m | 691 m | 248 m | 419 m | 727 m |

## Income Taxes Paid | 694 m | 1.2 b | 1.7 b | 828 m | 1.4 b | 2.1 b | 913 m | 1.5 b | 2.2 b |

Y, 2017 | |
---|---|

## Financial Leverage | 1.9 x |

Acquired Company | Date | Deal Size |
---|---|---|

Springpath | August 21, 2017 | $320 m |

MindMeld | May 11, 2017 | $125 m |

vIPtela | May 01, 2017 | $610 m |

AppDynamics | January 24, 2017 | $3.7 b |

Worklife | October 17, 2016 | |

CloudLock | June 28, 2016 | $293 m |

Synata | March 08, 2016 |

Source: 2.4 k public H-1B filings from Cisco