10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2011 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 24, 2011 10-K (Filed: Oct 26, 2011) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 24, 2011 | Sept 25, 2010 | Sept 26, 2009 | |
| Net sales | $ 108,249 | 65,225 | 42,905 |
| Cost of sales | 64,431 | 39,541 | 25,683 |
| Gross margin | 43,818 | 25,684 | 17,222 |
| Operating expenses: | |||
| Research and development | 2,429 | 1,782 | 1,333 |
| Selling, general and administrative | 7,599 | 5,517 | 4,149 |
| Total operating expenses | 10,028 | 7,299 | 5,482 |
| Operating income | 33,790 | 18,385 | 11,740 |
| Other income and expense | 415 | 155 | 326 |
| Income before provision for income taxes | 34,205 | 18,540 | 12,066 |
| Provision for income taxes | 8,283 | 4,527 | 3,831 |
| Net income | 25,922 | 14,013 | 8,235 |
| Earnings per common share: | |||
| Basic | 28.05 | 15.41 | 9.22 |
| Diluted | 27.68 | 15.15 | 9.08 |
| Shares used in computing earnings per share: | |||
| Basic | 924,258 | 909,461 | 893,016 |
| Diluted | 936,645 | 924,712 | 907,005 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2011 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 24, 2011 10-K (Filed: Oct 26, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 24, 2011 | Sept 25, 2010 | Sept 26, 2009 | |
| Cash and cash equivalents, beginning of the year | $ 11,261 | 5,263 | |
| Operating activities: | |||
| Net income | 25,922 | 14,013 | 8,235 |
| Adjustments to reconcile net income to cash generated by operating activities: | |||
| Depreciation, amortization and accretion | 1,814 | 1,027 | 734 |
| Share-based compensation expense | 1,168 | 879 | 710 |
| Deferred income tax expense | 2,868 | 1,440 | 1,040 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | 143 | (2,142) | (939) |
| Inventories | 275 | (596) | 54 |
| Vendor non-trade receivables | (1,934) | (2,718) | 586 |
| Other current and non-current assets | (1,391) | (1,610) | (713) |
| Accounts payable | 2,515 | 6,307 | 92 |
| Deferred revenue | 1,654 | 1,217 | 521 |
| Other current and non-current liabilities | 4,495 | 778 | (161) |
| Cash generated by operating activities | 37,529 | 18,595 | 10,159 |
| Investing activities: | |||
| Purchases of marketable securities | (102,317) | (57,793) | (46,724) |
| Proceeds from maturities of marketable securities | 20,437 | 24,930 | 19,790 |
| Proceeds from sales of marketable securities | 49,416 | 21,788 | 10,888 |
| Payments made in connection with business acquisitions, net of cash acquired | (244) | (638) | 0 |
| Payments for acquisition of property, plant and equipment | (4,260) | (2,005) | (1,144) |
| Payments for acquisition of intangible assets | (3,192) | (116) | (69) |
| Other | (259) | (20) | (175) |
| Cash used in investing activities | (40,419) | (13,854) | (17,434) |
| Financing activities: | |||
| Proceeds from issuance of common stock | 831 | 912 | 475 |
| Excess tax benefits from equity awards | 1,133 | 751 | 270 |
| Taxes paid related to net share settlement of equity awards | (520) | (406) | (82) |
| Cash generated by financing activities | 1,444 | 1,257 | 663 |
| (Decrease)/increase in cash and cash equivalents | (1,446) | 5,998 | (6,612) |
| Cash and cash equivalents, end of the year | 9,815 | 11,261 | 5,263 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net | 3,338 | 2,697 | 2,997 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLE INC | ||
Ticker: AAPL Fiscal Year: 2011 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 24, 2011 10-K (Filed: Oct 26, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 24, 2011 | Sept 25, 2010 | |
| ASSETS: | ||
| Current assets: | ||
| Cash and Cash Equivalents | $ 9,815 | 11,261 |
| Short-term marketable securities | 16,137 | 14,359 |
| Accounts receivable, less allowances of $53 and $55, respectively | 5,369 | 5,510 |
| Inventories | 776 | 1,051 |
| Deferred tax assets | 2,014 | 1,636 |
| Vendor non-trade receivables | 6,348 | 4,414 |
| Other current assets | 4,529 | 3,447 |
| Total current assets | 44,988 | 41,678 |
| Long-term marketable securities | 55,618 | 25,391 |
| Property, plant and equipment, net | 7,777 | 4,768 |
| Goodwill | 896 | 741 |
| Acquired intangible assets, net | 3,536 | 342 |
| Other assets | 3,556 | 2,263 |
| Total assets | 116,371 | 75,183 |
| LIABILITIES AND SHAREHOLDERS' EQUITY: | ||
| Current liabilities: | ||
| Accounts payable | 14,632 | 12,015 |
| Accrued expenses | 9,247 | 5,723 |
| Deferred revenue | 4,091 | 2,984 |
| Total current liabilities | 27,970 | 20,722 |
| Deferred revenue - non-current | 1,686 | 1,139 |
| Other non-current liabilities | 10,100 | 5,531 |
| Total liabilities | 39,756 | 27,392 |
| Commitments and contingencies | ||
| Shareholders' equity: | ||
| Common stock, no par value; 1,800,000 shares authorized; 929,277 and 915,970 shares issued and outstanding, respectively | 13,331 | 10,668 |
| Retained earnings | 62,841 | 37,169 |
| Accumulated other comprehensive income/(loss) | 443 | (46) |
| Total shareholders' equity | 76,615 | 47,791 |
| Total liabilities and shareholders' equity | 116,371 | 75,183 |
| External Links | |
| APPLE INC (AAPL) Fiscal Year 2011 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |