Annual Report 2001

Financial Review - Selected Financial Data


SELECTED FINANCIAL DATA
Five Years Ended July 28, 2001 (In millions, except per-share amounts)



Note 1: Cisco provides pro forma net income and pro forma net income per share data as an alternative for understanding its operating results. These measures are not in accordance with, or an alternative for, generally accepted accounting principles and may be different from pro forma measures used by other companies. Pro forma net income and pro forma net income per share-diluted are calculated as follows:



Note 2: Diluted net income per share is computed using the weighted-average number of common shares and dilutive potential common shares outstanding during the period. Diluted net loss per share is computed using the weighted-average number of common shares and excludes dilutive potential common shares, as their effect is antidilutive. The dilutive potential common shares which were antidilutive for fiscal 2001 amounted to 348 million shares.

Note 3: Payroll tax on stock option exercises of $55 million for fiscal 2001 was allocated to research and development ($21 million), sales and marketing ($30 million), and general and administrative ($4 million) expenses in the Consolidated Statements of Operations. Payroll tax on stock option exercises of $51 million for fiscal 2000 was allocated to research and development ($19 million), sales and marketing ($29 million), and general and administrative ($3 million) expenses in the Consolidated Statements of Operations.

Note 4: Amortization of deferred stock-based compensation of $155 million was allocated to research and development ($123 million), sales and marketing ($26 million), and general and administrative ($6 million) expenses in the Consolidated Statements of Operations.

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