Cisco Systems (CSCO) FY2023 results: revenue $57.0 billion, up 10.6% on the year
Cisco Systems, Inc. (CSCO) reported revenue of $57.0 billion for fiscal 2023, the year ended 29 July 2023, up 10.6% on the year before. Net income was $12.6 billion, up 6.8%, and diluted earnings per share $3.07. The figures are the company's own, from the 10-K it filed with the SEC on 7 September 2023.
Revenue
$57.0 billion
+10.6% on the year
FY2016FY2023
Operating margin
26.4%
27.1% a year earlier
FY2016FY2023
Net income
$12.6 billion
+6.8% on the year
FY2016FY2023
Diluted EPS
$3.07
+8.9% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
19,886
13,226
15,454
+50.4%
Capital expenditure
849
477
692
+78.0%
Free cash flow
19,037
12,749
14,762
+49.3%
Free cash flow margin
33.4%
24.7%
29.6%
Cash from investing
-5,107
1,553
-5,285
Cash from financing
-11,626
-15,962
-12,097
Depreciation and amortisation
700
800
800
-12.5%
Share-based compensation
2,353
1,886
1,761
+24.8%
Buybacks
4,293
7,689
2,877
-44.2%
Dividends paid
6,302
6,224
6,163
+1.3%
Dividend per share
$1.54
$1.50
$1.46
+2.7%
Diluted shares, weighted
4,105m
4,192m
4,236m
-2.1%
Shares outstanding at period end
4,066m
4,110m
4,217m
-1.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
44,353
39,773
41,275
+11.5%
Debt
8,391
9,515
11,526
-11.8%
Operating lease liabilities
707
724
831
-2.3%
Other liabilities
48,401
43,990
43,865
+10.0%
Total liabilities and equity
101,852
94,002
97,497
+8.4%
Fixed assets
2,085
1,997
2,338
+4.4%
Goodwill
38,535
38,304
38,168
+0.6%
Intangible assets
1,818
2,569
3,619
-29.2%
Investments
16,023
12,188
15,343
+31.5%
Cash and equivalents
10,123
7,079
9,175
+43.0%
Receivables
5,854
6,622
5,766
-11.6%
Inventory
3,644
2,568
1,559
+41.9%
Other assets
23,770
22,675
21,529
+4.8%
Total assets
101,852
94,002
97,497
+8.4%
10-K for the year ended 29 July 2023, filed 7 September 2023: the filing.