18. CISCO Systems Inc.
Cash Flow Statement
(in $ millions, except per share/ADS data)
Oct-06 Jan-07
Q1 2007 A Q2 2007 A
YTD/QTD Cash Flow 3M 6M
Net Income 1608 3529
Adjustments
Depreciation and Amortization 348 690
Employee Share-Based Compensation 225 472
Stock Based Compensation Related to Acquisition 10 19
Provistion for Doubtful Accounts 6 0
Deferred Income Taxes 60 -66
Excess Tax Benefits from Share-Based Compensation -151 -428
In-Process Research and Development 4 6
Net Gains and Impairment Charges on Investments -48 -99
Change in Operating Asssets and Liabilities, Net of Effects of Acquisition:
Accounts Receivable 206 395
lease Receivables,net -22 -66
Inventories -106 -271
Prepaid Expenses and Other Current Assets -16 -39
Accounts Payable -11 51
Income Taxes Payable 48 104
Accrued Compensation -29 73
Deferred Revenue 116 412
Other Accrued Liabilities 23 147
Net Cash Provided by Operating Activities 2271 4929
Cash Flow from Investing Activities
Purchases of Investments -4771 -11184
Proceeds from Sales and Maturities of Investmens 4268 7762
Acquisition of Property and Equipment -214 -548
Acquisition of Businesses, Net of Cash and Cash Equivalents -121 -166
Change in Investment in Privately Held Companies -48 -76
Other -41 -27
Net Cash Used in Investing Activities -927 -4239
Cash Flows from Financing Activities
Issuance of Common Stock 1019 2779
Repruchase of Common Stock -1500 -4781
Proceeds from the Termination of Interest Rate Swaps 0 0
19. Excess Tax Benefits from Share-Based Compensation 151 428
Other 2 21
Net Cash Used in Financing Activities -328 -1553
Net Increase in Cash and Cash Equivalents 1016 -863
Cash and Cash Equivalents, Beginning of Fiscal year 3297 3297
Cash and Cash Equivalents, End of Fiscal year 4313 2434
Checksum 0 0