Cisco Systems, Inc.
CSCONASDAQ
$104.98
Last price · USD
- Market cap
- $418.6B
- P/E
- 31.5x
- EV / EBITDA
- 22.0x
- P/S
- 6.6x
- FCF yield
- 3.1%
- Div. yield
- 1.57%
Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.
Cisco Systems, Inc. cash flow statement
Annual · USD millions except per-share data · 37 lines
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 13,267 | 10,453 | 10,320 | 12,613 | 11,812 | +2.9% | |
| Depreciation & amortization | 2,540 | 2,811 | 2,507 | 1,726 | 1,957 | +6.7% | |
| Deferred income tax | 226 | (1,051) | (972) | (2,085) | (309) | — | |
| Stock-based compensation | 3,830 | 3,641 | 3,074 | 2,353 | 1,886 | +19.4% | |
| Change in working capital | (1,820) | (1,647) | (4,298) | 5,042 | (1,722) | — | |
| Accounts receivables | (832) | 192 | (213) | 1,836 | (1,009) | — | |
| Inventory | (2,541) | 278 | 275 | (1,069) | (1,030) | — | |
| Accounts payables | 842 | 257 | (90) | 27 | (55) | — | |
| Other working capital | 711 | (2,374) | (4,270) | 4,248 | 372 | +17.6% | |
| Other non-cash items | (3,866) | (14) | 249 | 237 | (398) | — | |
| Net cash from operating activities | 14,177 | 14,193 | 10,880 | 19,886 | 13,226 | +1.8% | |
| Operating cash flow | 14,177 | 14,193 | 10,880 | 19,886 | 13,226 | +1.8% | |
| Investing activities | |||||||
| Investments in PP&E | (1,410) | (905) | (670) | (849) | (477) | — | |
| Capital expenditure | (1,410) | (905) | (670) | (849) | (477) | — | |
| Acquisitions, net | (516) | (291) | (25,994) | (301) | (373) | — | |
| Purchases of investments | (9,920) | (4,972) | (4,514) | (11,056) | (6,256) | — | |
| Sales / maturities of investments | 8,388 | 7,892 | 10,705 | 7,122 | 8,583 | -0.6% | |
| Other investing activities | (26) | 9 | (5) | (23) | 76 | — | |
| Net cash from investing activities | (3,484) | 1,733 | (20,478) | (5,107) | 1,553 | — | |
| Financing activities | |||||||
| Net debt issuance | 1,413 | (2,812) | 19,330 | (1,102) | (1,895) | — | |
| Short-term net debt issuance | 616 | (31) | 478 | (602) | 606 | +0.4% | |
| Long-term net debt issuance | 797 | (2,781) | 18,852 | (500) | (2,501) | — | |
| Net stock issuance | (5,301) | (6,486) | (6,065) | (4,190) | (7,721) | — | |
| Common stock issuance | 805 | 736 | 714 | 700 | 660 | +5.1% | |
| Common stock repurchased | (6,106) | (7,222) | (6,779) | (4,890) | (8,381) | — | |
| Net common stock issuance | (5,301) | (6,486) | (6,065) | (4,190) | (7,721) | — | |
| Common dividends paid | (6,553) | (6,437) | (6,384) | (6,302) | (6,224) | — | |
| Net dividends paid | (6,553) | (6,437) | (6,384) | (6,302) | (6,224) | — | |
| Other financing activities | (1,906) | (80) | (37) | (32) | (122) | — | |
| Net cash from financing activities | (12,347) | (15,815) | 6,844 | (11,626) | (15,962) | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | (29) | (788) | (31) | (105) | (180) | — | |
| Net change in cash | (1,683) | (677) | (2,785) | 3,048 | (1,363) | — | |
| Cash at beginning of period | 8,910 | 9,023 | 11,627 | 8,579 | 9,942 | -2.7% | |
| Cash at end of period | 7,227 | 8,346 | 8,842 | 11,627 | 8,579 | -4.2% | |
| Free cash flow | 12,767 | 13,288 | 10,210 | 19,037 | 12,749 | 0.0% | |
| Income taxes paid | 4,821 | 3,892 | 7,426 | 3,571 | 3,663 | +7.1% | |
| Interest paid | 1,421 | 1,500 | 583 | 376 | 355 | +41.4% | |