Cisco Systems (CSCO) FY2024 results: revenue $53.8 billion, down 5.6% on the year
Cisco Systems, Inc. (CSCO) reported revenue of $53.8 billion for fiscal 2024, the year ended 27 July 2024, down 5.6% on the year before. Net income was $10.3 billion, down 18.2%, and diluted earnings per share $2.54. The figures are the company's own, from the 10-K it filed with the SEC on 5 September 2024.
Revenue
$53.8 billion
-5.6% on the year
FY2017FY2024
Operating margin
22.6%
26.4% a year earlier
FY2017FY2024
Net income
$10.3 billion
-18.2% on the year
FY2017FY2024
Diluted EPS
$2.54
-17.3% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
10,880
19,886
13,226
-45.3%
Capital expenditure
670
849
477
-21.1%
Free cash flow
10,210
19,037
12,749
-46.4%
Free cash flow margin
19.0%
33.4%
24.7%
Cash from investing
-20,478
-5,107
1,553
Cash from financing
6,844
-11,626
-15,962
Depreciation and amortisation
700
700
800
0.0%
Share-based compensation
3,074
2,353
1,886
+30.6%
Buybacks
5,787
4,293
7,689
+34.8%
Dividends paid
6,384
6,302
6,224
+1.3%
Dividend per share
$1.58
$1.54
$1.50
+2.6%
Diluted shares, weighted
4,062m
4,105m
4,192m
-1.0%
Shares outstanding at period end
4,007m
4,066m
4,110m
-1.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
45,457
44,353
39,773
+2.5%
Debt
30,962
8,391
9,515
+269.0%
Operating lease liabilities
906
707
724
+28.1%
Other liabilities
47,088
48,401
43,990
-2.7%
Total liabilities and equity
124,413
101,852
94,002
+22.2%
Fixed assets
2,090
2,085
1,997
+0.2%
Goodwill
58,660
38,535
38,304
+52.2%
Intangible assets
11,219
1,818
2,569
+517.1%
Investments
10,346
16,023
12,188
-35.4%
Cash and equivalents
7,508
10,123
7,079
-25.8%
Receivables
6,685
5,854
6,622
+14.2%
Inventory
3,373
3,644
2,568
-7.4%
Other assets
24,532
23,770
22,675
+3.2%
Total assets
124,413
101,852
94,002
+22.2%
10-K for the year ended 27 July 2024, filed 5 September 2024: the filing.