From the balance sheet and cash flow statement to make conclusion if investors should put money in this company.
Consolidated Balance Sheets (in millions, except par value) July 27, 2019 July 28, 2018 ASSETS Current assets: Cash and cash equivalents S 11,750 S 8,934 Investment 21,663 37,614 Accounts receivable, net of allowance for doubtful accounts of $136 at July 27, 2019 and $129 at July 28, 2018 5,491 5,554 Inventories 1,383 1.846 Financing receivables, net 5,09 4.949 Other current assets 2,373 2,940 Total current assets 47,75 51,837 Property and equipment, net 2,789 3,006 Financing receivables, net 4,958 4,882 Goodwill 33,529 31,706 Purchased intangible assets, net 2,201 2,55 Deferred tax assets 4,065 3,219 Other assets 2,496 1,582 TOTAL ASSETS S 97,793 $ 108, 784 LIABILITIES AND EQUITY Current liabilities: Short-term debt 10,191 S 5,238 Accounts payable 2,05 1.904 Income taxes payable 1,149 1,004 Accrued compensation 3,221 2,986 Deferred revenue 10,668 11,490 Other current liabilities 4,424 4,413 Total current liabilities 31,712 27,035 Long-term debt 14,475 20.331 Income taxes payable 927 8,585 Deferred revenue 7,799 8,195 Other long-term liabilities 1,309 1,434 Total liabilities 64.222 65.580 Commitments and contingencies (Note 13) Equity: Cisco shareholders' equity: Preferred stock, no par value: 5 shares authorized; none issued and outstanding Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 4,250 and 4,614 shares issued and outstanding at July 27, 2019 and July 28, 2018, respectively 40,266 42,820 Accumulated deficit) Retained earnings (5,903) 1,233 Accumulated other comprehensive income (loss) (792) (849 Total Cisco shareholders' equity 33,571 43,204 Noncontrolling interests Total equity 33,571 43,204 TOTAL LIABILITIES AND EQUITY 97,793 108, 784 See Notes to Consolidated Financial Statements. 58CISCO SYSTEMS, INC. Consolidated Statements of Cash Flows (in millions) Years Ended July 27, 2019 July 28, 2018 July 29. 2017 Cash flows from operating activities: Net income 11,621 5 110 5 9,609 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation, amortization, and other 1,897 2,192 2,28 Share-based compensation expense 1.570 1,576 1,526 Provision (benefit) for receivables 40 (134) Deferred income taxes (350) 900 (124) Excess tax benefits from share-based compensation (153) (Gains) losses on divestitures, investments and other, net (24) (322) 154 Change in operating assets and liabilities, net of effects of acquisitions and divestitures: Accounts receivable (84) (269) 756 Inventories 131 (244) (394) Financing receivables (249) (219) (1,038) Other assets (955) 66 15 Accounts payable 87 504 311 Income taxes, net 312 8.118 60 Accrued compensation 277 100 (110) Deferred revenue 1.407 1.203 1,683 Other liabilities 151 83 (697) Net cash provided by operating activities 5,831 13.666 3,876 Cash flows from investing activities Purchases of investments (2,416) (14,285) (42,702) Proceeds from sales of investments 7,388 17,706 28,827 Proceeds from maturities of investments 12,928 15,769 12,143 Acquisitions and divestitures (2,175) (2,979) Purchases of investments in privately held companies (148) (267) (222) Return of investments in privately held companies 150 168 203 Acquisition of property and equipment (909) (834) 964) Proceeds from sales of property and equipment 22 59 Other (12) (19) (4) Net cash provided by (used in) investing activities 4,837 15,318 6,036) Cash flows from financing activities: Issuances of common stock 640 623 708 Repurchases of common stock - repurchase program 20,717) (17,547) (3,685) Shares repurchased for tax withholdings on vesting of restricted stock units (862) (703) (619) Short-term borrowings, original maturities of 90 days or less, net 3,446 (2,502) 2,497 Issuances of debt 2,250 6,877 6,980 Repayments of debt (6,780) (12,375) (4,151) Excess tax benefits from share-based compensation 153 Dividends paid (5.979) (5,968) (5,511) Other 113 (169) (178) Net cash used in financing activities 27,889) (31,764) 3,806) Net increase (decrease) in cash, cash equivalents, and restricted cash 2,779 2,780 4,034 Cash, cash equivalents, and restricted cash, beginning of fiscal year 8,093 11,773 7,739 Cash, cash equivalents, and restricted cash, end of fiscal year 11,772 8.993 11,773 Supplemental cash flow information: Cash paid for interest 830 5 910 5 897 Cash paid for income taxes, me 2,986 3,911 2,742 See Notes to Consolidated Financial Statements
