8-K/AOther Events

CISCO SYSTEMS, INC. 8-K/A Report (Aug 4, 2000)

Filed August 4, 2000For Securities:CSCO

Summary

This 8-K/A filing from Cisco Systems, Inc. (CSCO), dated August 3, 2000, serves as an amendment to previous filings. The primary purpose is to provide updated supplementary consolidated financial information. This information reflects the impact of several significant acquisitions, including SightPath, Inc., InfoGear Technology Corporation, and ArrowPoint Communications, Inc., which were accounted for using the pooling of interests method. The restated financials present the company's financial position and results of operations as if these acquired entities had been wholly owned subsidiaries since their respective inceptions. For investors, this filing is crucial for understanding the historical financial performance of Cisco on a pro forma basis, incorporating recent strategic acquisitions. While not a report of new events or financial results for a specific period, it offers a more comprehensive historical view that smooths out the immediate financial impact of these mergers, allowing for a clearer trend analysis of the combined entity's performance leading up to and including fiscal year 1999. Investors should review the "Supplementary Consolidated Financial Information" attached as Exhibit 99.1 for detailed insights into these pro forma statements.

Key Highlights

  • 1Amendment to previous 8-K filings concerning supplementary financial information.
  • 2Includes pro forma financial data reflecting the impact of recent acquisitions.
  • 3Acquisitions of SightPath, InfoGear Technology, and ArrowPoint Communications are accounted for using the pooling of interests method.
  • 4Supplementary financial information presents results as if acquired entities were wholly owned since inception.
  • 5Focuses on historical financial position and results of operations up to July 31, 1999.
  • 6Exhibit 99.1 contains the detailed Supplementary Consolidated Financial Information.
  • 7Provides context for understanding historical performance post-acquisition for trend analysis.

Frequently Asked Questions

The main purpose of this filing is to amend previous reports and provide updated supplementary consolidated financial information. This information presents Cisco's financial position and results of operations on a pro forma basis, as if several recent acquisitions had been part of the company since their respective inceptions.

The supplementary financial information reflects the acquisitions of SightPath, Inc. (in May 2000), InfoGear Technology Corporation (in June 2000), and ArrowPoint Communications, Inc. (in June 2000).

These acquisitions were accounted for using the 'pooling of interests' method.

This means that the provided financial statements have been restated to include the revenue, expenses, and assets/liabilities of the acquired companies as if they had been part of Cisco from the beginning of the reporting periods presented. This allows for a more consistent historical view of the combined entity's performance, smoothing out the immediate financial impact of the acquisitions and aiding in trend analysis.