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Apple

Apple Inc.'s consolidated financial statements for the years ended September 30, 2017, and September 24, 2016, show an increase in net sales from $215,639 million to $229,234 million and a net income rise from $45,687 million to $48,351 million. The total assets of the company were reported at $375,319 million, with total liabilities of $241,272 million and shareholders' equity of $134,047 million. Earnings per share also increased, with basic earnings rising from $8.35 to $9.27.

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8 views

Apple

Apple Inc.'s consolidated financial statements for the years ended September 30, 2017, and September 24, 2016, show an increase in net sales from $215,639 million to $229,234 million and a net income rise from $45,687 million to $48,351 million. The total assets of the company were reported at $375,319 million, with total liabilities of $241,272 million and shareholders' equity of $134,047 million. Earnings per share also increased, with basic earnings rising from $8.35 to $9.27.

Uploaded by

Mayerly Ruiz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Apple Inc.

Consolidated Statements Of Operations


(In Millions, Except Number Of Shares Which Are Reflected In Thousands And Per Share Amount

Years Ended
September 30, 201September 24, 201
Net Sales $ 229,234 $ 215,639
Cost of Sales $ 141,048 $ 131,376
Gross Margin $ 88,186 $ 84,263

Operating Expenses: $ 11,581 $ 10,045


Research and Development $ 15,261 $ 14,194
Total Operating Expenses $ 26,842 $ 24,239

Operating Income $ 61,344 $ 60,024


Other Income (Expense), Net $ 2,745 $ 1,348
Income Before Provision For Income Taxe $ 64,089 $ 61,372
Provision for Income Taxes $ 15,738 $ 15,685
Net Income $ 48,351 $ 45,687

Earning Per Share:


Basic $ 9.27 $ 8.35
Diluted $ 9.21 $ 8.31

Shares Used in Computing Earnings Per Share:


Basic $ 5,217,242 $ 5,470,820
Diluted $ 5,251,692 $ 5,500,281

Cash Dividends Declared Per Share $ 2.40 $ 2.18


And Per Share Amounts)

nded
September 26, 2015
$ 233,715
$ 140,089
$ 93,626

$ 8,067
$ 14,329
$ 22,396

$ 71,230
$ 1,285
$ 72,515
$ 19,121
$ 53,394

$ 9.28
$ 9.22

$ 5,753,421
$ 5,793,069

$ 1.98
Apple Inc.
Consolidated Balance Sheets
(In Millions, Except Number Of Shares Which Are Reflected In Thousands And Par Value)

Years Ended
September 30, 2017
Assets:
Current Assets:
Cash and Cash Equivalents $ 20,289
Short- Term Marketable Securities $ 53,892
Accounts Receivable, Less Allowances of $ 58 and $ 53, respectively $ 17,874
Inventories $ 4,855
Vendor Non-Trade Receivables $ 17,799
Other Current Assets $ 13,936
Total Current Assets $ 128,645

Long-Term Marketable Securities $ 194,714


Property, Plant and Equipment, Net $ 33,783
Goodwill $ 5,717
Acquired Intangible Assets, Net $ 2,298
Other Non-Current Assets $ 10,162
Total Assets $ 375,319

Liabilites And Shareholders' Equity:


Current Liabilities:
Accounts Payable $ 49,049
Accrued Expenses $ 25,744
Deferred Revenue $ 7,548
Commercial Paper $ 11,977
Current Portion of Long-Term Debt $ 6,496
Total Current Liabilities $ 100,814

Deferred Revenue, Non-Current $ 2,836


Long-Term Debt $ 97,207
Other Non-Current Liabilities $ 40,415
Total Liabilities $ 241,272

Commitments and Contingencies

Shareholders' Equity
Common Stock And Additional Paid-In Capital, $0.00001 Par value: $
12.600.000 shares Authorized; 5.126.201 and 5.336.166 Shares
Issued And Outstanding, Respectively $ 35,867
Retained Earnings $ 98,330
Accumulates Other Comprehensive Income / (Loss) -$ 150
Total Shareholders' Equity $ 134,047
Total Liabilities and Shareholders's Equity $ 375,319
nds And Par Value)

Years Ended
September 24, 2016

$ 20,484
$ 46,671
$ 15,754
$ 2,132
$ 13,545
$ 8,283
$ 106,869

$ 170,430
$ 27,010
$ 5,414
$ 3,206
$ 8,757
$ 321,686

$ 37,294
$ 22,027
$ 8,080
$ 8,105
$ 3,500
$ 79,006

$ 2,930
$ 75,427
$ 36,074
$ 193,437

$ 31,251
$ 96,364
$ 634
$ 128,249
$ 321,686
Apple Inc.
Consolidated Statements Of Cash Flows
(In Millions)

Cash and Cash Equivalents, Beginning of the Year


Operating Activities:
Net Income
Adjustments to Reconcile Net Income to Cash Generated by Operating Activities:
Depreciation and Amortization
Share-Based Compensation Expense
Deferred Income Tax Expense
Other
Changes in Operating Assets and Liabilities:
Accounts Receivable, Net
Inventories
Vendor Non-Trade Receivables
Other Current and Non-Current Assets
Accounts Payable
Deferred Revenue
Other Current and Non-Current Liabilities
Cash Generated by Operating Activities
Investing Activities:
Purchases of Marketable Securities
Proceeds From Maturities of Marketable Securities
Proceeds From Sales of Marketable Securities
Payments Made in Connection With Business Acquisitions, Net
Payments For Acquisition Of Property, Plant and Equipment
Payments For Acquisition Of Intangible Assets
Payments For Strategic Investments, Net
Other
Cash Used in Investing Activities
Financing Activities:
Proceeds From Issuance of Common Stock
Excess Tax Benefits From Equity Awards
Payments For Taxes Related to Net Share Settlement of Equity Awards
Payments For Dividends and Dividend Equivalents
Repurchases of Common Stock
Proceeds From Issuance of Term Debt, Net
Repayments of Term Debt
Change in Commercial Paper, Net
Cash Used in Financing Activities
Increase / (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents, End of The Year
Supplemental Cash Flow Disclosure:
Cash Paid For Income Taxes, Net
Cash Paid For Interest
pple Inc.
tements Of Cash Flows
n Millions)

Years Ended
September 30, 2017September 24, 2016September 26, 2015
$ 20,484 $ 21,120 $ 13,844

$ 48,351 $ 45,687 $ 53,394


ng Activities:
$ 10,157 $ 10,505 $ 11,257
$ 4,840 $ 4,210 $ 3,586
$ 5,966 $ 4,938 $ 1,382
-$ 166 $ 486 $ 385

-$ 2,093 $ 527 $ 417


-$ 2,723 $ 217 -$ 238
-$ 4,254 -$ 51 -$ 3,735
-$ 5,318 $ 1,055 -$ 283
$ 9,618 $ 1,837 $ 5,001
-$ 626 -$ 1,554 $ 1,042
-$ 154 -$ 2,033 $ 9,058
$ 63,598 $ 65,824 $ 81,266

-$ 159,486 -$ 142,428 -$ 166,402


$ 31,775 $ 21,258 $ 14,538
$ 94,564 $ 90,536 $ 107,447
-$ 329 -$ 297 -$ 343
-$ 12,451 -$ 12,734 -$ 11,247
-$ 344 -$ 814 -$ 241
-$ 395 -$ 1,388 $ -
$ 220 -$ 110 -$ 26
-$ 46,446 -$ 45,977 -$ 56,274

$ 555 $ 495 $ 543


$ 627 $ 407 $ 749
-$ 1,874 -$ 1,570 -$ 1,499
-$ 12,769 -$ 12,150 -$ 11,561
-$ 32,900 -$ 29,722 -$ 35,253
$ 28,662 $ 24,954 $ 27,114
-$ 3,500 -$ 2,500 $ -
$ 3,852 -$ 397 $ 2,191
-$ 17,347 -$ 20,483 -$ 17,716
-$ 195 -$ 636 $ 7,276
$ 20,289 $ 20,484 $ 21,120
$ 11,591 $ 10,444 $ 13,252
$ 2,092 $ 1,316 $ 514

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