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CSCO

CISCO SYSTEMS, INC.eval run
10-K for period ending 2026-07-25gpt-6-luna@none · prompt v4$0.00104.8sfiling on sec.gov ↗

figures

fieldvaluestatement rowprintedSEC
Total revenue$63.3BR4 Total revenue63,325 millions$63.3B ✓
Operating income$15.4BR17 OPERATING INCOME15,368 millions$15.4B ✓
Net income attributable to the company$13.3BR24 NET INCOME13,267 millions$13.3B ✓
Diluted EPS$3.33R27 Diluted3.33$3.33 ✓
Cash and cash equivalents$7.2BR3 Cash and cash equivalents7,218 millions$7.2B ✓
Total assets$129.6BR16 TOTAL ASSETS129,637 millions$129.6B ✓
Total liabilities$79.4BR30 Total liabilities79,352 millions$79.4B ✓
Total shareholders' equity attributable to the company$50.3BR38 Total equity50,285 millions$50.3B ✓
Net cash from operating activities$14.2BR19 Net cash provided by operating activities14,177 millions$14.2B ✓
Net cash from investing activities-$3.5BR29 Net cash provided by (used in) investing activities(3,484) millions-$3.5B ✓
Net cash from financing activities-$12.3BR40 Net cash provided by (used in) financing activities(12,347) millions-$12.3B ✓

checks

  • assets = liabilities + equity · total assets equals total liabilities and equity
  • equity excludes minority interests · not applicable: no noncontrolling interest line printed
  • net income is before preferred dividends · net income is not the after-preferred-dividends line
  • diluted EPS is for total net income · diluted EPS is for total net income
  • net income excludes minority interests · not applicable: no noncontrolling interest line printed
  • cash flows tie to the change in cash · operating + investing + financing (+ FX) equals the net change in cash

management's claims

Found 4 claims, none about a company-wide figure the statements can confirm.

trace

  1. 0locator (code)0.24s
    {
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    {
  "income": {
    "rows": 31,
    "scale": 1000000,
    "score": 51.25,
    "heading": ". 56 Table of Contents CISCO SYSTEMS, INC. Consolidated Statements of Operations (in millions, except per-share amounts)",
    "tableIndex": 50,
    "runnerUpScore": 26.25
  },
  "balance": {
    "rows": 40,
    "scale": 1000000,
    "score": 52.75,
    "heading": "55 Table of Contents CISCO SYSTEMS, INC. Consolidated Balance Sheets (in millions, except par value)",
    "tableIndex": 49,
    "runnerUpScore": 16.75
  },
  "cashflow": {
    "rows": 45,
    "scale": 1000000,
    "score": 54.75,
    "heading": "dated Financial Statements. 58 Table of Contents CISCO SYSTEMS, INC. Consolidated Statements of Cash Flows (in millions)",
    "tableIndex": 52,
    "runnerUpScore": 9.25
  }
}
  2. 1income statement agent1.64s · 1581 tokens · $0.0002
    {
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    {
  "figures": [
    {
      "note": "This is the company-wide total revenue line.",
      "field": "revenue",
      "scale": 1000000,
      "value": 63325000000,
      "printed": "63,325",
      "rowIndex": 4,
      "rowLabel": "Total revenue",
      "priorValue": 56654000000,
      "agentPrinted": "63,325",
      "failedChecks": [],
      "priorPrinted": "56,654",
      "groundingMismatch": false
    },
    {
      "note": "This row explicitly reports operating income.",
      "field": "operatingIncome",
      "scale": 1000000,
      "value": 15368000000,
      "printed": "15,368",
      "rowIndex": 17,
      "rowLabel": "OPERATING INCOME",
      "priorValue": 11760000000,
      "agentPrinted": "15,368",
      "failedChecks": [],
      "priorPrinted": "11,760",
      "groundingMismatch": false
    },
    {
      "note": "The statement prints one net income line and no separate noncontrolling-interest attribution.",
      "field": "netIncome",
      "scale": 1000000,
      "value": 13267000000,
      "printed": "13,267",
      "rowIndex": 24,
      "rowLabel": "NET INCOME",
      "priorValue": 10180000000,
      "agentPrinted": "13,267",
      "failedChecks": [],
      "priorPrinted": "10,180",
      "groundingMismatch": false
    },
    {
      "note": "This is the diluted net income per-share figure.",
      "field": "epsDiluted",
      "scale": 1,
      "value": 3.33,
      "printed": "3.33",
      "rowIndex": 27,
      "rowLabel": "Diluted",
      "priorValue": 2.55,
      "agentPrinted": "3.33",
      "failedChecks": [],
      "priorPrinted": "2.55",
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    }
  ],
  "statement": "income",
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  3. 2balance sheet agent1.86s · 1453 tokens · $0.0002
    {
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    {
  "figures": [
    {
      "note": "This is the balance sheet’s cash and cash equivalents line.",
      "field": "cash",
      "scale": 1000000,
      "value": 7218000000,
      "printed": "7,218",
      "rowIndex": 3,
      "rowLabel": "Cash and cash equivalents",
      "priorValue": 8346000000,
      "agentPrinted": "7,218",
      "failedChecks": [],
      "priorPrinted": "8,346",
      "groundingMismatch": false
    },
    {
      "note": "This row prints total assets.",
      "field": "totalAssets",
      "scale": 1000000,
      "value": 129637000000,
      "printed": "129,637",
      "rowIndex": 16,
      "rowLabel": "TOTAL ASSETS",
      "priorValue": 122291000000,
      "agentPrinted": "129,637",
      "failedChecks": [],
      "priorPrinted": "122,291",
      "groundingMismatch": false
    },
    {
      "note": "This is the separate total liabilities line, not total liabilities and equity.",
      "field": "totalLiabilities",
      "scale": 1000000,
      "value": 79352000000,
      "printed": "79,352",
      "rowIndex": 30,
      "rowLabel": "Total liabilities",
      "priorValue": 75448000000,
      "agentPrinted": "79,352",
      "failedChecks": [],
      "priorPrinted": "75,448",
      "groundingMismatch": false
    },
    {
      "note": "This is the sole printed equity total and represents Cisco stockholders’ equity.",
      "field": "totalEquity",
      "scale": 1000000,
      "value": 50285000000,
      "printed": "50,285",
      "rowIndex": 38,
      "rowLabel": "Total equity",
      "priorValue": 46843000000,
      "agentPrinted": "50,285",
      "failedChecks": [],
      "priorPrinted": "46,843",
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  ],
  "statement": "balance",
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  4. 3cash flow agent2.06s · 1706 tokens · $0.0002
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    {
  "figures": [
    {
      "note": "This is the total net cash provided by operating activities after changes in operating assets and liabilities.",
      "field": "operatingCashFlow",
      "scale": 1000000,
      "value": 14177000000,
      "printed": "14,177",
      "rowIndex": 19,
      "rowLabel": "Net cash provided by operating activities",
      "priorValue": 14193000000,
      "agentPrinted": "14,177",
      "failedChecks": [],
      "priorPrinted": "14,193",
      "groundingMismatch": false
    },
    {
      "note": "This is the investing activities section total.",
      "field": "investingCashFlow",
      "scale": 1000000,
      "value": -3484000000,
      "printed": "(3,484)",
      "rowIndex": 29,
      "rowLabel": "Net cash provided by (used in) investing activities",
      "priorValue": 1733000000,
      "agentPrinted": "(3,484)",
      "failedChecks": [],
      "priorPrinted": "1,733",
      "groundingMismatch": false
    },
    {
      "note": "This is the financing activities section total.",
      "field": "financingCashFlow",
      "scale": 1000000,
      "value": -12347000000,
      "printed": "(12,347)",
      "rowIndex": 40,
      "rowLabel": "Net cash provided by (used in) financing activities",
      "priorValue": -15815000000,
      "agentPrinted": "(12,347)",
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  5. 4reconciler (code)0.00s
    null
    [
  {
    "name": "balance_identity",
    "detail": "total assets equals total liabilities and equity",
    "fields": [
      "totalAssets"
    ],
    "passed": true,
    "skipped": false,
    "statement": "balance"
  },
  {
    "name": "totalEquity_attribution",
    "detail": "no noncontrolling interest line printed",
    "fields": [
      "totalEquity"
    ],
    "passed": true,
    "skipped": true,
    "statement": "balance"
  },
  {
    "name": "netIncome_before_preferred",
    "detail": "net income is not the after-preferred-dividends line",
    "fields": [
      "netIncome"
    ],
    "passed": true,
    "skipped": false,
    "statement": "income"
  },
  {
    "name": "epsDiluted_total",
    "detail": "diluted EPS is for total net income",
    "fields": [
      "epsDiluted"
    ],
    "passed": true,
    "skipped": false,
    "statement": "income"
  },
  {
    "name": "netIncome_attribution",
    "detail": "no noncontrolling interest line printed",
    "fields": [
      "netIncome"
    ],
    "passed": true,
    "skipped": true,
    "statement": "income"
  },
  {
    "name": "cash_flow_tie",
    "detail": "operating + investing + financing (+ FX) equals the net change in cash",
    "fields": [
      "operatingCashFlow",
      "investingCashFlow",
      "financingCashFlow"
    ],
    "passed": true,
    "skipped": false,
    "statement": "cashflow"
  }
]
  6. 5MD&A claims agent2.17s · 2269 tokens · $0.0003
    null
    [
  {
    "kind": "percent_change",
    "field": "revenue",
    "quote": "Total revenue was $63.3 billion, an increase of 12% compared with fiscal 2025.",
    "scope": "consolidated",
    "actual": null,
    "reason": "Total revenue: the sentence is about a region, segment or adjusted measure",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "12%",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "revenue",
    "quote": "Total revenue was $63.3 billion, an increase of 12% compared with fiscal 2025.",
    "scope": "consolidated",
    "actual": null,
    "reason": "Total revenue: the sentence is about a region, segment or adjusted measure",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$63.3 billion",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "percent_change",
    "field": "epsDiluted",
    "quote": "Diluted earnings per share increased 31%, driven by revenue growth and operating margin improvement.",
    "scope": "consolidated",
    "actual": null,
    "reason": "Diluted EPS: the sentence is about a region, segment or adjusted measure",
    "claimed": null,
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    "asWritten": "31%",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "percent_change",
    "field": "epsDiluted",
    "quote": "Diluted earnings per share increased by 52%, primarily driven by a revenue increase and the increase in our operating margin percentage.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Diluted EPS: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "52%",
    "tolerance": null,
    "quoteVerified": true
  }
]

Income statement

table #50 · current period is figure column 1
0Years EndedJuly 25, 2026July 26, 2025July 27, 2024
1REVENUE:
2Product48,29541,60839,253
3Services15,03015,04614,550
4Total revenue← Total revenue63,32556,65453,803
5COST OF SALES:
6Product17,78115,12114,339
7Services4,6844,7434,636
8Total cost of sales22,46519,86418,975
9GROSS MARGIN40,86036,79034,828
10OPERATING EXPENSES:
11Research and development9,5639,3007,983
12Sales and marketing11,55910,96610,364
13General and administrative2,7612,9922,813
14Amortization of purchased intangible assets9161,028698
15Restructuring and other charges693744789
16Total operating expenses25,49225,03022,647
17OPERATING INCOME← Operating income15,36811,76012,181
18Interest income8661,0011,365
19Interest expense(1,470)(1,593)(1,006)
20Other income (loss), net1,245(68)(306)
21Interest and other income (loss), net641(660)53
22INCOME BEFORE PROVISION FOR INCOME TAXES16,00911,10012,234
23Provision for income taxes2,7429201,914
24NET INCOME← Net income attributable to the company13,26710,18010,320
25Net income per share:
26Basic3.362.562.55
27Diluted← Diluted EPS3.332.552.54
28Shares used in per-share calculation:
29Basic3,9533,9764,043
30Diluted3,9873,9984,062

Balance sheet

table #49 · current period is figure column 1
0July 25, 2026July 26, 2025
1ASSETS
2Current assets:
3Cash and cash equivalents← Cash and cash equivalents7,2188,346
4Investments8,7007,764
5Accounts receivable, net of allowance of $78 at July 25, 2026 and $69 at July 26, 20257,4706,701
6Inventories5,6943,164
7Financing receivables, net3,3923,061
8Other current assets6,1915,950
9Total current assets38,66534,986
10Property and equipment, net2,7602,113
11Financing receivables, net4,9403,466
12Goodwill59,47759,136
13Purchased intangible assets, net7,5579,175
14Deferred tax assets7,1097,356
15Other assets9,1296,059
16TOTAL ASSETS← Total assets129,637122,291
17LIABILITIES AND EQUITY
18Current liabilities:
19Short-term debt10,1615,232
20Accounts payable3,3662,528
21Income taxes payable1901,857
22Accrued compensation4,0573,611
23Deferred revenue16,98816,416
24Other current liabilities6,7635,420
25Total current liabilities41,52535,064
26Long-term debt19,37222,861
27Income taxes payable2,3392,165
28Deferred revenue12,79312,363
29Other long-term liabilities3,3232,995
30Total liabilities← Total liabilities79,35275,448
31Commitments and contingencies (Note 13)
32Equity:
33Cisco stockholders’ equity:
34Preferred stock, $0.001 par value: 5 shares authorized; none issued and outstanding--
35Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 3,946 and 3,960 shares issued and outstanding at July 25, 2026 and July 26, 2025, respectively49,67647,747
36Retained earnings1,56550
37Accumulated other comprehensive loss(956)(954)
38Total equity← Total shareholders' equity attributable to the company50,28546,843
39TOTAL LIABILITIES AND EQUITY129,637122,291

Cash flow statement

table #52 · current period is figure column 1
0Years EndedJuly 25, 2026July 26, 2025July 27, 2024
1Cash flows from operating activities:
2Net income13,26710,18010,320
3Adjustments to reconcile net income to net cash provided by operating activities:
4Depreciation, amortization, and other2,5402,8112,507
5Share-based compensation expense3,8303,6413,074
6Provision for receivables232434
7Deferred income taxes226(1,133)(972)
8(Gains) losses on divestitures, investments and other, net(1,358)(38)215
9Change in operating assets and liabilities, net of effects of acquisitions and divestitures:
10Accounts receivable(832)(22)(289)
11Inventories(2,541)209275
12Financing receivables(1,835)21476
13Other assets(1,032)(499)(671)
14Accounts payable842257(90)
15Income taxes, net(2,304)(1,839)(4,539)
16Accrued compensation457(53)(696)
17Deferred revenue1,1252481,220
18Other liabilities1,769193416
19Net cash provided by operating activities← Net cash from operating activities14,17714,19310,880
20Cash flows from investing activities:
21Purchases of investments(8,974)(4,589)(4,230)
22Proceeds from sales of investments2,0132,6434,136
23Proceeds from maturities of investments6,1054,9436,367
24Acquisitions, net of cash and cash equivalents acquired and divestitures(516)(291)(25,994)
25Purchases of non-marketable equity securities(946)(383)(284)
26Return of investments in non-marketable equity securities270306202
27Acquisition of property and equipment(1,410)(905)(670)
28Other(26)9(5)
29Net cash provided by (used in) investing activities← Net cash from investing activities(3,484)1,733(20,478)
30Cash flows from financing activities:
31Issuances of common stock805736714
32Repurchases of common stock - repurchase program(6,106)(6,000)(5,787)
33Shares repurchased for tax withholdings on vesting of restricted stock units(1,873)(1,222)(992)
34Short-term borrowings, original maturities of 90 days or less, net616(31)478
35Issuances of debt13,04819,29231,818
36Repayments of debt(12,251)(22,073)(9,826)
37Repayments of Splunk convertible debt, net of capped call proceeds--(3,140)
38Dividends paid(6,553)(6,437)(6,384)
39Other(33)(80)(37)
40Net cash provided by (used in) financing activities← Net cash from financing activities(12,347)(15,815)6,844
41Effect of foreign currency exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents(29)(43)(31)
42Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents(1,683)68(2,785)
43Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of fiscal year8,9108,84211,627
44Cash, cash equivalents, restricted cash and restricted cash equivalents, end of fiscal year7,2278,9108,842