Cisco Systems, Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $13.27B | $10.18B | $10.32B | $12.61B | $11.81B | $10.59B | $11.21B | $11.62B |
| Depreciation & Amortization | $700.0M | $700.0M | $700.0M | $700.0M | $800.0M | $800.0M | $900.0M | $1.00B |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $916.0M | $1.03B | $698.0M | $282.0M | $313.0M | $215.0M | $141.0M | $150.0M |
| Stock-Based Compensation | $3.83B | $3.64B | $3.07B | $2.35B | $1.89B | $1.76B | $1.57B | $1.57B |
| Net Cash from Operating Activities | $14.18B | $14.19B | $10.88B | $19.89B | $13.23B | $15.45B | $15.43B | $15.83B |
| Investing Activities | ||||||||
| Capital Expenditures | $1.41B | $905.0M | $670.0M | $849.0M | $477.0M | $692.0M | $770.0M | $909.0M |
| Business Acquisitions | $516.0M | $291.0M | $25.99B | $301.0M | $373.0M | — | — | — |
| Net Cash from Investing Activities | $-3.48B | $1.73B | $-20.48B | $-5.11B | $1.55B | $-5.29B | $3.50B | $14.84B |
| Financing Activities | ||||||||
| Dividends Paid | $6.55B | $6.44B | $6.38B | $6.30B | $6.22B | $6.16B | $6.02B | $5.98B |
| Stock Repurchases | $6.11B | $6.00B | $5.79B | $4.29B | $7.69B | $2.88B | $2.66B | $20.72B |
| Net Cash from Financing Activities | $-12.35B | $-15.82B | $6.84B | $-11.63B | $-15.96B | $-12.10B | $-18.86B | $-27.89B |
| Net Change in Cash | $-1.68B | $68.0M | $-2.79B | $3.05B | $-1.36B | $-1.87B | $40.0M | $2.78B |
| Free Cash Flow | $12.77B | $13.29B | $10.21B | $19.04B | $12.75B | $14.76B | $14.66B | $14.92B |