Cisco Systems (CSCO) FY2016 results: revenue $49.2 billion, up 0.2% on the year
Cisco Systems, Inc. (CSCO) reported revenue of $49.2 billion for fiscal 2016, the year ended 30 July 2016, up 0.2% on the year before. Net income was $10.7 billion, up 19.6%, and diluted earnings per share $2.11. The figures are the company's own, from the 10-K it filed with the SEC on 8 September 2016.
Revenue
$49.2 billion
+0.2% on the year
FY2009FY2016
Operating margin
25.7%
21.9% a year earlier
FY2009FY2016
Net income
$10.7 billion
+19.6% on the year
FY2009FY2016
Diluted EPS
$2.11
+20.6% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
49,247
49,161
47,142
+0.2%
Cost of revenue
18,287
19,480
19,373
-6.1%
Gross profit
30,960
29,681
27,769
+4.3%
Gross margin
62.9%
60.4%
58.9%
Research and development
6,296
6,207
6,294
+1.4%
Operating income
12,660
10,770
9,345
+17.5%
Operating margin
25.7%
21.9%
19.8%
Interest expense
676
566
564
+19.4%
Pre-tax income
12,920
11,201
9,715
+15.3%
Income tax
2,181
2,220
1,862
-1.8%
Effective tax rate
16.9%
19.8%
19.2%
Net income
10,739
8,981
7,853
+19.6%
Net margin
21.8%
18.3%
16.7%
Diluted EPS
$2.11
$1.75
$1.49
+20.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
13,570
12,552
12,332
+8.1%
Capital expenditure
1,146
1,227
1,275
-6.6%
Free cash flow
12,424
11,325
11,057
+9.7%
Free cash flow margin
25.2%
23.0%
23.5%
Cash from investing
-8,117
n/a
n/a
Cash from financing
-4,699
n/a
n/a
Depreciation and amortisation
1,000
1,100
1,200
-9.1%
Share-based compensation
1,458
1,440
1,348
+1.2%
Buybacks
3,909
4,324
9,413
-9.6%
Dividends paid
4,750
4,086
3,758
+16.3%
Dividend per share
$0.94
$0.80
$0.72
+17.5%
Diluted shares, weighted
5,088m
5,146m
5,281m
-1.1%
Shares outstanding at period end
5,029m
5,085m
5,107m
-1.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
63,586
59,698
56,654
+6.5%
Non-controlling interest
-1.0
9.0
7.0
Debt
28,642
25,351
20,837
+13.0%
Other liabilities
29,425
28,423
27,636
+3.5%
Total liabilities and equity
121,652
113,481
105,134
+7.2%
Fixed assets
3,506
3,332
3,252
+5.2%
Goodwill
26,625
24,469
24,239
+8.8%
Intangible assets
2,501
2,376
3,280
+5.3%
Investments
58,125
53,539
45,348
+8.6%
Cash and equivalents
7,631
6,877
6,726
+11.0%
Receivables
5,847
5,344
5,157
+9.4%
Inventory
1,217
1,627
1,591
-25.2%
Other assets
16,200
15,917
15,541
+1.8%
Total assets
121,652
113,481
105,134
+7.2%
10-K for the year ended 30 July 2016, filed 8 September 2016: the filing.