Why doesn't this Income statement from Cisco (2013) consider Depreciation

Here is Cisco’s 2013 Income statement

https://www.sec.gov/Archives/edgar/data/858877/000085887713000049/csco-2013727x10k.htm#s35CCE1A1BC022D73E458C9460A49595D

If you see, they calculate Net Income without subtracting Depreciation. They do have Depreciation - it’s considering in the Statement of Cashflows - they add Depreciation back to Net Income while calculating Cash Flow from operations.

What am I missing here?

This is a very common issue as many companies do not break out their depreciation and amortization on the income statement. In this case Cisco most likely is embedding their depreciation and amortization expense in Cost of Sales as well as General and Administrative expense. I did not see any detail in the footnotes with the allocation between the two.

Because depreciation is embedeed into the COGS and SGA. So it is still captured, just not broken out separately.

Thank you, guys