思科Cisco Systems Inc. (CSCO) 2004年年度报告「NASDAQ」.pdf

1、CISCO SYSTEMS,INC.2004 ANNUAL REPORTBUILDING TOMORROWS NETWORKSNET SALES(DOLLARS IN BILLIONS)000102030422.0Fiscal YearNET INCOME(LOSS)(DOLLARS IN BILLIONS)DILUTED NET INCOME(LOSS)PER SHARE(IN DOLLARS)CASH AND CASH EQUIVALENTSAND TOTAL INVESTMENTS(DOLLARS IN BILLIONS)20.518.520.719.321.5000.3601(0.14

2、)02030.50040.62Fiscal Year0.252.7(1.0)1.93.64.418.922.318.918.90001020304Fiscal Year0001020304Fiscal YearCONSOLIDATED STATEMENTS OF OPERATIONS DATA(In millions,except per-share amounts)Years Ended July 31,2004 July 26,2003 July 27,2002Net sales$22,045$18,878$18,915 Income before provision for income

3、 taxes and cumulative effect of accounting change$6,992$5,013$2,710Net income$4,401$3,578$1,893Net income per sharediluted$0.62$0.50$0.25 CONSOLIDATED BALANCE SHEETS DATA(In millions)July 31,2004 July 26,2003 July 27,2002Cash and cash equivalents and total investments$19,267$20,652$21,456Total asset

4、s$35,594$37,107$37,795Shareholders equity$25,826$28,029$28,656FINANCIAL HIGHLIGHTSCisco is proud to feature its employees in this years annual report:On the front cover(left to right):Lyn Gardiner,Sr.Manager,Worldwide Sales Productivity;Carey Wan,Software Engineer;Marie King,Corporate Operations Spe

5、cialistOn the back cover(left to right):Jeff Bray,Senior Technical Writer;Iris Chao,IT Project Manager;Venkatesh Iyer,Software Engineer2004 ANNUAL REPORT 1CONTENTS Introduction 1Letter to Shareholders 12Statement of Responsibility 16Selected Financial Data 17Managements Discussion and Analysis of 18

6、Financial Condition and Results of Operations Quantitative and Qualitative Disclosures 36About Market RiskConsolidated Statements of Operations 38Consolidated Balance Sheets 39Consolidated Statements of Cash Flows 40Consolidated Statements of Shareholders Equity 41Notes to Consolidated Financial Sta