CSCO Cisco Systems Inc.

"There can be no assurance that our incurrence of this debt or any future debt, including any additional debt to refinance maturing debt, will be a better means of providing liquidity to us than would our use of our existing cash resources."

distress relevance: 0.75 market specificity: 0.42 score: 0.447 risk_factors

anchor: we may be unable to refinance our existing debt

"In addition, we depend on our channel partners globally to comply with applicable regulatory requirements."

distress relevance: 0.54 market specificity: 0.41 score: 0.318 risk_factors

anchor: we are subject to formal regulatory enforcement action

"Our restructuring activities, including any related charges and the impact of the related headcount restructurings, could materially harm our business, operating results, and financial condition."

distress relevance: 0.60 market specificity: 0.31 score: 0.312 risk_factors

anchor: restructuring charges related to headcount reduction

"Although these losses have not been material to date, future losses, if incurred, could materially harm our business, operating results, or financial condition."

distress relevance: 0.61 market specificity: 0.30 score: 0.308 risk_factors

anchor: significant unrealized losses that would be realized if we sold securities

"Our portfolio includes available-for-sale debt investments and equity investments, the values of which are subject to market price volatility."

distress relevance: 0.50 market specificity: 0.41 score: 0.293 risk_factors

anchor: unrealized losses on our available-for-sale securities portfolio

"There can be no assurance that our incurrence of this debt or any future debt, including any additional debt to refinance maturing debt, will be a better means of providing liquidity to us than would our use of our existing cash resources."

distress relevance: 0.75 market specificity: 0.41 score: 0.441 risk_factors

anchor: we may be unable to refinance our existing debt

"In addition, we depend on our channel partners globally to comply with applicable regulatory requirements."

distress relevance: 0.54 market specificity: 0.41 score: 0.318 risk_factors

anchor: we are subject to formal regulatory enforcement action

"We also have certain funding commitments primarily related to our privately held investments."

distress relevance: 0.62 market specificity: 0.30 score: 0.316 mda

anchor: we may need to raise additional capital to fund operations

"Although these losses have not been material to date, future losses, if incurred, could materially harm our business, operating results, or financial condition."

distress relevance: 0.61 market specificity: 0.30 score: 0.312 risk_factors

anchor: significant unrealized losses that would be realized if we sold securities

"Our restructuring activities, including any related charges and the impact of the related headcount restructurings, could materially harm our business, operating results, and financial condition."

distress relevance: 0.60 market specificity: 0.29 score: 0.304 risk_factors

anchor: restructuring charges related to headcount reduction

"As discussed, our risks of future material excess and obsolete inventory and related losses are further outlined in the Result of Operations—Product Gross Margin section."

distress relevance: 0.58 market specificity: 0.37 score: 0.326 mda

anchor: significant unrealized losses that would be realized if we sold securities

"In addition, we depend on our channel partners globally to comply with applicable regulatory requirements."

distress relevance: 0.54 market specificity: 0.41 score: 0.318 risk_factors

anchor: we are subject to formal regulatory enforcement action

"In certain instances, these agreements allow us the option to cancel, reschedule, and adjust our requirements based on our business needs prior to firm orders being placed."

distress relevance: 0.51 market specificity: 0.46 score: 0.315 mda

anchor: regulatory consent order restricts our business activities

"In response to changes in industry and market conditions, we could be required to strategically realign our resources and consider restructuring, disposing of, or otherwise exiting businesses, which could result in an impairment of goodwill."

distress relevance: 0.53 market specificity: 0.40 score: 0.304 mda

anchor: we are closing stores and reducing our footprint

"Restructuring and Other Charges The following table presents restructuring and other charges (in millions): Restructuring and other charges included in operating expenses In the second quarter of fiscal 2023, we announced a restructuring plan in order to rebalance the organization and enable further investment in key priority areas, of which approximately 5% of the global workforce would be impact"

distress relevance: 0.67 market specificity: 0.22 score: 0.304 mda

anchor: restructuring charges related to headcount reduction

"In addition, we depend on our channel partners globally to comply with applicable regulatory requirements."

distress relevance: 0.54 market specificity: 0.42 score: 0.322 risk_factors

anchor: we are subject to formal regulatory enforcement action

"As discussed, our risks of future material excess and obsolete inventory and related losses are further outlined in the Result of Operations—Product Gross Margin section."

distress relevance: 0.58 market specificity: 0.36 score: 0.322 mda

anchor: significant unrealized losses that would be realized if we sold securities

"The extra week in fiscal 2021 contributed to the decrease in headcount-related expenses."

distress relevance: 0.57 market specificity: 0.37 score: 0.320 mda

anchor: restructuring charges related to headcount reduction

"In certain instances, these agreements allow us the option to cancel, reschedule, and adjust our requirements based on our business needs prior to firm orders being placed."

distress relevance: 0.51 market specificity: 0.47 score: 0.316 mda

anchor: regulatory consent order restricts our business activities

"The impairment charges were primarily due to declines in estimated fair value resulting from reductions in or the elimination of expected future cash flows associated with certain of our technology and in-process research and development (IPR&D) intangible assets."

distress relevance: 0.64 market specificity: 0.26 score: 0.310 mda

anchor: material impairment charges on our investment portfolio

"We are subject to the possibility of various losses arising in the ordinary course of business."

distress relevance: 0.59 market specificity: 0.43 score: 0.352 mda

anchor: significant unrealized losses that would be realized if we sold securities

"In addition, we have other required uses of cash, including repaying the principal of our outstanding indebtedness."

distress relevance: 0.62 market specificity: 0.33 score: 0.328 mda

anchor: maturity of debt obligations may require significant cash

"Restructuring and Other Charges The following table presents restructuring and other charges (in millions): Restructuring and other charges included in operating expenses In the first quarter of fiscal 2021, we initiated a restructuring plan, which included a voluntary early retirement program, in order to realign the organization and enable further investment in key priority areas."

distress relevance: 0.67 market specificity: 0.27 score: 0.328 mda

anchor: restructuring charges related to headcount reduction

"In addition, we depend on our channel partners globally to comply with applicable regulatory requirements."

distress relevance: 0.54 market specificity: 0.42 score: 0.322 risk_factors

anchor: we are subject to formal regulatory enforcement action

"In certain instances, these agreements allow us the option to cancel, reschedule, and adjust our requirements based on our business needs prior to firm orders being placed."

distress relevance: 0.51 market specificity: 0.43 score: 0.302 mda

anchor: regulatory consent order restricts our business activities