CISCO SYSTEMS, INC. (CSCO) FY2026 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-07-27 to 2026-07-25

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CISCO SYSTEMS, INC. cash flow reconciliation, Jul 27, 2025 through Jul 25, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $13,267,000,000.00Share-based compensation expense → Operating adjustments reconciliation: $3,830,000,000.00Depreciation, amortization, and other → Operating adjustments reconciliation: $2,540,000,000.00Other liabilities → Operating adjustments reconciliation: $1,769,000,000.00Deferred revenue → Operating adjustments reconciliation: $1,125,000,000.00Accounts payable → Operating adjustments reconciliation: $842,000,000.00Accrued compensation → Operating adjustments reconciliation: $457,000,000.00Deferred income taxes → Operating adjustments reconciliation: $226,000,000.00Provision for receivables → Operating adjustments reconciliation: $23,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $910,000,000.00Operating adjustments reconciliation → Inventories: $2,541,000,000.00Operating adjustments reconciliation → Income taxes, net: $2,304,000,000.00Operating adjustments reconciliation → Financing receivables: $1,835,000,000.00Operating adjustments reconciliation → (Gains) losses on divestitures, investments and other, net: $1,358,000,000.00Operating adjustments reconciliation → Other assets: $1,032,000,000.00Operating adjustments reconciliation → Accounts receivable: $832,000,000.00Proceeds from maturities of investments → investing reconciliation: $6,105,000,000.00Proceeds from sales of investments → investing reconciliation: $2,013,000,000.00Return of investments in non-marketable equity securities → investing reconciliation: $270,000,000.00investing reconciliation → Purchases of investments: $8,974,000,000.00investing reconciliation → Acquisition of property and equipment: $1,410,000,000.00investing reconciliation → Purchases of non-marketable equity securities: $946,000,000.00investing reconciliation → Acquisitions, net of cash and cash equivalents acquired and divestitures: $516,000,000.00investing reconciliation → Other: $26,000,000.00Net cash used in financing activities → financing reconciliation: $12,347,000,000.00Issuances of debt → financing reconciliation: $13,048,000,000.00Issuances of common stock → financing reconciliation: $805,000,000.00Short-term borrowings, original maturities of 90 days or less, net → financing reconciliation: $616,000,000.00financing reconciliation → Repayments of debt: $12,251,000,000.00financing reconciliation → Dividends paid: $6,553,000,000.00financing reconciliation → Repurchases of common stock - repurchase program: $6,106,000,000.00financing reconciliation → Shares repurchased for tax withholdings on vesting of restricted stock units: $1,873,000,000.00financing reconciliation → Other: $33,000,000.00Net cash used in investing activities → investing reconciliation: $3,484,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $8,910,000,000.00Net cash from operating activities → Cash sources and uses: $14,177,000,000.00Cash sources and uses → Exchange-rate effect: $29,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $7,227,000,000.00Cash sources and uses → Net cash used in investing activities: $3,484,000,000.00Cash sources and uses → Net cash used in financing activities: $12,347,000,000.00Other liabilities: $1,769,000,000.00Other operating liabilities+$1.77 BInventories: -$2,541,000,000.00Inventories−$2.54 BDeferred revenue: $1,125,000,000.00Deferred revenue+$1.13 BFinancing receivables: -$1,835,000,000.00Finance receivables, net−$1.84 BProvision for receivables: $23,000,000.00Provision for receivables+$23.00 MDeferred income taxes: $226,000,000.00Deferred taxes & credits+$226.00 MAccrued compensation: $457,000,000.00Accrued compensation+$457.00 MDepreciation, amortization, and other: $2,540,000,000.00Depreciation, amort. & other+$2.54 BIncome taxes, net: -$2,304,000,000.00Income taxes payable−$2.30 BAccounts receivable: -$832,000,000.00Accounts receivable−$832.00 M(Gains) losses on divestitures, investments and other, net: -$1,358,000,000.00Investment gain & loss−$1.36 BAccounts payable: $842,000,000.00Accounts payable+$842.00 MNet income: $13,267,000,000.00Net income+$13.27 BShare-based compensation expense: $3,830,000,000.00Stock-based compensation+$3.83 BOther assets: -$1,032,000,000.00Other operating assets−$1.03 BNet cash from operating activities: $14,177,000,000.00Operating cash+$14.18 BOperating adjustments reconciliation: $10,812,000,000.00Repurchases of common stock - repurchase program: -$6,106,000,000.00Common stock repurchases−$6.11 BRepayments of debt: -$12,251,000,000.00Other long-term debt repaid−$12.25 BIssuances of debt: $13,048,000,000.00Long-term debt issued+$13.05 BIssuances of common stock: $805,000,000.00Common stock issued+$805.00 MShort-term borrowings, original maturities of 90 days or less, net: $616,000,000.00Short-term debt ≤3 months, net+$616.00 MOther: -$33,000,000.00Other financing, net−$33.00 MShares repurchased for tax withholdings on vesting of restricted stock units: -$1,873,000,000.00Stock-award tax withholding−$1.87 BRepayments of Splunk convertible debt, net of capped call proceeds: $0.00Dividends paid: -$6,553,000,000.00Dividends paid−$6.55 BNet cash used in financing activities: -$12,347,000,000.00. Cash required to fund net payments.Financing cash−$12.35 Bfinancing reconciliation: $26,816,000,000.00Acquisition of property and equipment: -$1,410,000,000.00PP&E purchases−$1.41 BProceeds from sales of investments: $2,013,000,000.00AFS securities sales+$2.01 BPurchases of investments: -$8,974,000,000.00Investment purchases−$8.97 BOther: -$26,000,000.00Other investing, net−$26.00 MAcquisitions, net of cash and cash equivalents acquired and divestitures: -$516,000,000.00Acquisitions, net of cash−$516.00 MPurchases of non-marketable equity securities: -$946,000,000.00Non-marketable equity purchases−$946.00 MProceeds from maturities of investments: $6,105,000,000.00AFS securities maturities+$6.11 BReturn of investments in non-marketable equity securities: $270,000,000.00Return of non-marketable equity+$270.00 MNet cash used in investing activities: -$3,484,000,000.00. Cash required to fund net payments.Investing cash−$3.48 Binvesting reconciliation: $11,872,000,000.00Cash sources and uses: $23,087,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $8,910,000,000.00Beginning cash$8.91 BEnding cash: Cash, cash equivalents, and restricted cash: $7,227,000,000.00Ending cash$7.23 BExchange-rate effect: -$29,000,000.00FX effect−$29.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$12.77 BOperating cash − cash spent on PP&ECash flow / Net income1.07×Operating cash flow ÷ net incomeNet cash change−$1.68 BEnding cash − beginning cash
Chart details

CISCO SYSTEMS, INC. cash flow reconciliation, Jul 27, 2025 through Jul 25, 2026

Cash flows for Jul 27, 2025 through Jul 25, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jul 26, 2025. Ending cash: Jul 25, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jul 26, 2025
8,910,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
14,177,000,000 US dollars. Net cash provided.
Net income
13,267,000,000 US dollars
Other liabilities
1,769,000,000 US dollars
Inventories
negative 2,541,000,000 US dollars
Deferred revenue
1,125,000,000 US dollars
Financing receivables
negative 1,835,000,000 US dollars
Provision for receivables
23,000,000 US dollars
Deferred income taxes
226,000,000 US dollars
Accrued compensation
457,000,000 US dollars
Depreciation, amortization, and other
2,540,000,000 US dollars
Income taxes, net
negative 2,304,000,000 US dollars
Accounts receivable
negative 832,000,000 US dollars
(Gains) losses on divestitures, investments and other, net
negative 1,358,000,000 US dollars
Accounts payable
842,000,000 US dollars
Share-based compensation expense
3,830,000,000 US dollars
Other assets
negative 1,032,000,000 US dollars
Investing activities
negative 3,484,000,000 US dollars. Net cash used.
Acquisition of property and equipment
negative 1,410,000,000 US dollars
Proceeds from sales of investments
2,013,000,000 US dollars
Purchases of investments
negative 8,974,000,000 US dollars
Other
negative 26,000,000 US dollars
Acquisitions, net of cash and cash equivalents acquired and divestitures
negative 516,000,000 US dollars
Purchases of non-marketable equity securities
negative 946,000,000 US dollars
Proceeds from maturities of investments
6,105,000,000 US dollars
Return of investments in non-marketable equity securities
270,000,000 US dollars
Financing activities
negative 12,347,000,000 US dollars. Net cash used.
Repurchases of common stock - repurchase program
negative 6,106,000,000 US dollars
Repayments of debt
negative 12,251,000,000 US dollars
Issuances of debt
13,048,000,000 US dollars
Issuances of common stock
805,000,000 US dollars
Short-term borrowings, original maturities of 90 days or less, net
616,000,000 US dollars
Other
negative 33,000,000 US dollars
Shares repurchased for tax withholdings on vesting of restricted stock units
negative 1,873,000,000 US dollars
Repayments of Splunk convertible debt, net of capped call proceeds
0 US dollars
Dividends paid
negative 6,553,000,000 US dollars
Operating adjustment reconciliation
10,812,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
26,816,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
11,872,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 29,000,000 US dollars
Ending cash on Jul 25, 2026
7,227,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
23,087,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 1,683,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.07×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
14,177,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
1,410,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
12,767,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $910.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 14,177,000,000 US dollars minus 1,410,000,000 US dollars equals 12,767,000,000 US dollars.
CISCO SYSTEMS, INC. (CSCO) FY2026 Annual Statement of Cash Flows Sankey chart
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