cisco-annual-report-2021

Recommendations

Info

information required by this item relating to director independence is included under the caption “Independent Directors” in ourProxy Statement, and, in each case, is incorporated herein by reference.Item 14.Principal Accountant Fees and ServicesThe information required by this item is included under the caption “Proposal No. 3 — Ratification of Independent RegisteredPublic Accounting Firm” in our Proxy Statement and is incorporated herein by reference.PART IVItem 15.(a) 1.Exhibits and Financial Statement SchedulesFinancial StatementsSee the “Index to Consolidated Financial Statements” on page 52 of this report.2. Financial Statement ScheduleSee “Schedule II—Valuation and Qualifying Accounts” (below) within Item 15 of this report.3. ExhibitsSee the “Index to Exhibits” beginning on page 103 of this report.SCHEDULE IIVALUATION AND QUALIFYING ACCOUNTS(in millions)July 31, 2021 July 25, 2020 July 27, 2019Allowance for Accounts Receivable:Balance at beginning of fiscal year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 143 $ 136 $ 129Provisions (benefits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 55 56Recoveries (write-offs), net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (29) (48) (50)Foreign exchange and other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (26) — 1Balance at end of fiscal year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 109 $ 143 $ 136Allowance for Financing Receivables:Balance at beginning of fiscal year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 138 $ 126 $ 205Provisions (benefits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (27) 38 (16)Recoveries (write-offs), net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) (22) (42)Foreign exchange and other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 (4) (21)Balance at end of fiscal year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 127 $ 138 $ 126Deferred Tax Asset Valuation Allowance:Balance at beginning of fiscal year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 700 $ 457 $ 374Additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91 279 112Deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) (29) (20)Write-offs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (16) (7) (8)Foreign exchange and other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 — (1)Balance at end of fiscal year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 771 $ 700 $ 457102
INDEX TO EXHIBITSExhibitNumber Exhibit Description Incorporated by ReferenceForm File No. Exhibit Filing Date2.1 Agreement and Plan of Merger, dated as of8-K12B 001-39940 2.1 1/25/2021January 25, 2021 by and between Cisco Systems, Inc.,a California corporation, and Cisco Systems (DE), Inc.,a Delaware corporation3.1 Amended and Restated Certificate of Incorporation of 8-K12B 001-39940 3.1 1/25/2021Cisco Systems, Inc., as currently in effect3.2 Amended and Restated Bylaws of Cisco Systems, Inc., as 8-K12B 001-39940 3.2 1/25/2021currently in effect4.1 Indenture, dated February 17, 2009, between Cisco 8-K 000-18225 4.1 2/17/2009Systems, Inc. and the Bank of New York Mellon TrustCompany, N.A., as trustee4.2 Indenture, dated November 17, 2009, between Cisco 8-K 000-18225 4.1 11/17/2009Systems, Inc. and the Bank of New York Mellon TrustCompany, N.A., as trustee4.3 Indenture, dated March 3, 2014, between the Company 8-K 000-18225 4.1 3/3/2014and The Bank of New York Mellon Trust Company, N.A.,as trustee4.4 First Supplemental Indenture, dated January 25, 2021 to 10-Q 001-39940 4.1 2/16/2021the Indenture, dated February 17, 2009, between CiscoSystems, Inc. and the Bank of New York Mellon TrustCompany, N.A., as trustee4.5 First Supplemental Indenture, dated January 25, 2021 to 10-Q 001-39940 4.2 2/16/2021the Indenture, dated November 17, 2009, between CiscoSystems, Inc. and the Bank of New York Mellon TrustCompany, N.A., as trustee4.6 First Supplemental Indenture, dated January 25, 2021 to the 10-Q 001-39940 4.3 2/16/2021Indenture, dated March 3, 2014, between the Company andThe Bank of New York Mellon Trust Company4.7 Forms of Global Note for the registrant’s 5.90% Senior 8-K 000-18225 4.1 2/17/2009Notes due 20394.8 Forms of Global Note for the registrant’s 4.45% Senior 8-K 000-18225 4.1 11/17/2009Notes due 2020 and 5.50% Senior Notes due 20404.9 Form of Officer’s Certificate setting forth the terms of the 8-K 000-18225 4.2 3/3/2014Fixed and Floating Rate Notes issued in March 20144.10 Form of Officer’s Certificate setting forth the terms of the 8-K 000-18225 4.1 6/18/2015Fixed and Floating Notes issued in June 20154.11 Form of Officer’s Certificate setting forth the terms of the 8-K 000-18225 4.1 2/29/2016Fixed and Floating Notes issued in February 20164.12 Form of Officer’s Certificate setting forth the terms of the 8-K 000-18225 4.1 9/20/2016Fixed and Floating Notes issued in September 20164.13 Description of Registrant’s Securities X10.1* Cisco Systems, Inc. 2005 Stock Incentive Plan (including 10-Q 001-39940 10.5 2/16/2021related form agreements)10.2* Cisco Systems, Inc. Employee Stock Purchase Plan 10-Q 001-39940 10.7 2/16/202110.3* Cisco Systems, Inc. Deferred Compensation Plan,10-Q 001-39940 10.6 2/16/2021as amended10.4* Cisco Systems, Inc. Executive Incentive Plan 8-K 000-18225 10.2 12/12/201710.5* Form of Indemnity Agreement 8-K12B 001-39940 10.1 1/25/2021FiledHerewith103
Page 1 and 2:
2021ANNUAL REPORTThe Future of Work
Page 3 and 4:
Introduction tosummary reportThis s
Page 5 and 6:
In collaboration, we continue to in
Page 7 and 8:
Capital allocationDividends paid pe
Page 9 and 10:
LeadershipCisco’s executive leade
Page 11 and 12:
ExecutivecompensationOur pay practi
Page 13 and 14:
The role of the Board of Directors
Page 15 and 16:
Cisco’s efforts to deliver on our
Page 17 and 18:
Cisco’s net zero goal will be sup
Page 19 and 20:
(Mark One)orUNITED STATES SECURITIE
Page 21 and 22:
This Annual Report on Form 10-K, in
Page 23 and 24:
We introduced Cisco Silicon One, a
Page 25 and 26:
range of devices and endpoints such
Page 27 and 28:
For information regarding risks rel
Page 29 and 30:
Research and DevelopmentWe regularl
Page 31 and 32:
Inclusion & DiversityInclusion and
Page 33 and 34:
Mr. Herren joined Cisco in December
Page 35 and 36:
As a consequence, operating results
Page 37 and 38:
We believe that we may be faced wit
Page 39 and 40:
new competitors to enter the market
Page 41 and 42:
assessments and decisions. Although
Page 43 and 44:
components if a government body wer
Page 45 and 46:
There can be no assurance that our
Page 47 and 48:
Risks Related to Ownership of Our S
Page 49 and 50:
Stock Performance GraphThe informat
Page 51 and 52:
Fiscal 2021 Compared with Fiscal 20
Page 53 and 54:
CRITICAL ACCOUNTING ESTIMATESThe pr
Page 55 and 56:
Significant judgment is required in
Page 57 and 58:
Product Revenue by SegmentThe follo
Page 59 and 60:
Service Revenue by SegmentThe follo
Page 61 and 62:
Research and Development (“R&D”
Page 63 and 64:
Other Income (Loss), Net The compon
Page 65 and 66:
We consider free cash flow to be a
Page 67 and 68:
BorrowingsSenior Notes The followin
Page 69 and 70:
commitments arising from these agre
Page 71 and 72: Foreign Currency Exchange RiskOur f
Page 73 and 74: Report of Independent Registered Pu
Page 75 and 76: Reports of ManagementStatement of M
Page 77 and 78: CISCO SYSTEMS, INC.Consolidated Sta
Page 79 and 80: CISCO SYSTEMS, INC.Consolidated Sta
Page 81 and 82: 1. Basis of PresentationCISCO SYSTE
Page 83 and 84: As a lessee, we determine if an arr
Page 85 and 86: We perform ongoing credit evaluatio
Page 87 and 88: (y) New Accounting Updates Recently
Page 89 and 90: 4. Acquisitions and Divestitures(a)
Page 91 and 92: July 25, 2020GrossAccumulatedAmorti
Page 93 and 94: Property and Equipment, NetJuly 31,
Page 95 and 96: We provide financing of certain equ
Page 97 and 98: The following tables present the ag
Page 99 and 100: The following tables present the br
Page 101 and 102: receivables and financed service co
Page 103 and 104: 13. Derivative Instruments(a)Summar
Page 105 and 106: (d)Interest Rate RiskWe hold intere
Page 107 and 108: It is not possible to determine the
Page 109 and 110: running royalty on future sales. Ra
Page 111 and 112: being exercised or settled, then th
Page 113 and 114: (f) Employee 401(k) PlansWe sponsor
Page 115 and 116: 18. Income Taxes(a) Provision for I
Page 117 and 118: The following table presents the co
Page 119 and 120: 20. Net Income per ShareThe followi
Page 121: Item 9B.Other InformationRequired D
Page 125 and 126: SIGNATURESPursuant to the requireme
Page 127 and 128: Stockholder information andforward-
show all

cisco-annual-report-2021

Create successful ePaper yourself

Delete template?

Save as template?