| Stock Repurchase Program |
A summary of the stock
repurchase activity under the stock repurchase program, reported
based on the trade date, is summarized as follows (in millions,
except per-share amounts):
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Shares
Repurchased |
|
|
Weighted-
Average Price
per Share |
|
|
Amount
Repurchased |
|
|
Cumulative balance at
July 31, 2010
|
|
|
3,127 |
|
|
$ |
20.78 |
|
|
$ |
64,982 |
|
|
Repurchase of common stock
under the stock repurchase program
|
|
|
351 |
|
|
|
19.36 |
|
|
|
6,791 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative balance at
July 30, 2011
|
|
|
3,478 |
|
|
$ |
20.64 |
|
|
$ |
71,773 |
|
|
Repurchase of common
stock under the stock repurchase program
|
|
|
262 |
|
|
|
16.64 |
|
|
|
4,360 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative balance at
July 28, 2012
|
|
|
3,740 |
|
|
$ |
20.36 |
|
|
$ |
76,133 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Comprehensive Income |
The components of
comprehensive income, net of tax, are as follows (in
millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years
Ended
|
|
July 28,
2012 |
|
|
July 30,
2011 |
|
|
July 31,
2010 |
|
|
Net income
|
|
$ |
8,041 |
|
|
$ |
6,490 |
|
|
$ |
7,767 |
|
|
Net change in unrealized
gains/losses on available-for-sale investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in net unrealized
(losses) gains, net of tax benefit (expense) of $6, $(151), and
$(199) for fiscal 2012, 2011, and 2010, respectively
|
|
|
(31 |
) |
|
|
281 |
|
|
|
334 |
|
|
Net (gains) losses
reclassified into earnings, net of tax effects of $36, $68, and $17
for fiscal 2012, 2011, and 2010, respectively
|
|
|
(65 |
) |
|
|
(112 |
) |
|
|
(151 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(96 |
) |
|
|
169 |
|
|
|
183 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in unrealized
gains/losses on derivative instruments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in derivative
instruments, net of tax benefit (expense) of $0, $0 and $(9) for
fiscal 2012, 2011, and 2010, respectively
|
|
|
(131 |
) |
|
|
87 |
|
|
|
46 |
|
|
Net losses (gains)
reclassified into earnings
|
|
|
72 |
|
|
|
(108 |
) |
|
|
2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(59 |
) |
|
|
(21 |
) |
|
|
48 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in cumulative
translation adjustment and other, net of tax benefit (expense) of
$36, $(34), and $(9) for fiscal 2012, 2011, and 2010,
respectively
|
|
|
(496 |
) |
|
|
538 |
|
|
|
(55 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive
income
|
|
|
7,390 |
|
|
|
7,176 |
|
|
|
7,943 |
|
|
Comprehensive loss (income)
attributable to noncontrolling interests
|
|
|
18 |
|
|
|
(15 |
) |
|
|
12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income
attributable to Cisco Systems, Inc.
|
|
$ |
7,408 |
|
|
$ |
7,161 |
|
|
$ |
7,955 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Components Of AOCI, Net Of Tax |
The components of AOCI, net
of tax, are summarized as follows (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
July 28, 2012 |
|
|
July 30, 2011 |
|
|
July 31, 2010 |
|
|
Net unrealized gains on
investments
|
|
$ |
409 |
|
|
$ |
487 |
|
|
$ |
333 |
|
|
Net unrealized (losses)
gains on derivative instruments
|
|
|
(53 |
) |
|
|
6 |
|
|
|
27 |
|
|
Cumulative translation
adjustment and other
|
|
|
305 |
|
|
|
801 |
|
|
|
263 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
661 |
|
|
$ |
1,294 |
|
|
$ |
623 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|