Cisco Systems, Inc.

Analysis of Cash Flows

On the next page of this assignment, Ive attached the Cash Flow Statement for Cisco Systems, Inc. for the 3-years ending 2016, 2015, and 2014. Using that statement, please complete the following schedules and answer the related questions.

Cash flow from Operating Activities

1. From the Cash flow from Operating Activities section - complete the following table:

	For fiscal years ending
	2016	2015	2014
Net income for period
Net cash provided (used) by operating activities

Cash Flows from Investing Activities

2. From the Cash Flow from Investing Activities section - prepare a table showing the amount of cash used to:
   1. Purchase property, plant and equipment, and other noncurrent capital assets
   2. Invest in marketable securities and
   3. Acquire other businesses.

Your table should look like the following:

	For fiscal years ending
	2016	2015	2014
Purchases of investments
Proceeds from sales of investments
Proceeds from maturities of investments
Acquisition of businesses, net of cash and cash equivalents acquired
Proceeds from business divestiture
Purchases of investments in privately held companies
Return of investments in privately held companies
Acquisition of property and equipment
Proceeds from sales of property and equipment

Note: Other than the line items listed above, please ignore other amounts reported in the Investment Activities section.

Cash Flows from Financing Activities

3. From the Cash flows from Financing Activities section, prepare a table showing:
   1. Proceeds from the issuance of common stock
   2. Net amount obtained from borrowings (i.e., gross borrowings gross repayments),
   3. Cash used to repurchase their own outstanding common stock, and
   4. Cash used to make dividend payments to shareholders.

Your table should look like the following:

	For fiscal years ending
	2016	2015	2014
Issuances of common stock
Repurchases of common stock - repurchase program
Shares repurchased for tax withholdings on vesting of restricted stock units
Issuances of debt
Repayments of debt
Dividends paid

Note: You should ignore any other amounts, besides those listed above, reported in the financing section.

4. Using the information from the tables prepared above and any additional analysis you might want to perform, give your opinion about Cisco Systems, Inc.s ability to generate cash sufficient to:
   1. Conduct business operations,
   2. Increase their investment in productive assets, including property and equipment, marketable investment securities, and other businesses,
   3. Pay their debt obligations (or increase debt obligations, as applicable), and
   4. Provide a cash return to their shareholders, including stock repurchases and payment of dividends.
   5. Given the way in which the company generates and uses its cash, would you expect their revenue and income to (a) increase, (b) decline, or (c) remain fairly constant.

Give a separate comment for each and please explain your answer, i.e. dont just say yes or no.

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