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: 2018 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 29, 2018 10-K (Filed: Nov 5, 2018) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 29, 2018 | Sept 30, 2017 | Sept 24, 2016 | |
| Net sales | $ 265,595 | 229,234 | 215,639 |
| Cost of sales | 163,756 | 141,048 | 131,376 |
| Gross margin | 101,839 | 88,186 | 84,263 |
| Operating expenses: | |||
| Research and development | 14,236 | 11,581 | 10,045 |
| Selling, general and administrative | 16,705 | 15,261 | 14,194 |
| Total operating expenses | 30,941 | 26,842 | 24,239 |
| Operating income | 70,898 | 61,344 | 60,024 |
| Other income/(expense), net | 2,005 | 2,745 | 1,348 |
| Income before provision for income taxes | 72,903 | 64,089 | 61,372 |
| Provision for income taxes | 13,372 | 15,738 | 15,685 |
| Net income | 59,531 | 48,351 | 45,687 |
| Earnings per share: | |||
| Basic (in dollars per share) | 12.01 | 9.27 | 8.35 |
| Diluted (in dollars per share) | 11.91 | 9.21 | 8.31 |
| Shares used in computing earnings per share: | |||
| Basic (in shares) | 4,955,377 | 5,217,242 | 5,470,820 |
| Diluted (in shares) | 5,000,109 | 5,251,692 | 5,500,281 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2018 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Sept 29, 2018 10-K (Filed: Nov 5, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 29, 2018 | Sept 30, 2017 | Sept 24, 2016 | |
| Net income | $ 59,531 | 48,351 | 45,687 |
| Other comprehensive income/(loss): | |||
| Change in foreign currency translation, net of tax effects of $(1), $(77) and $8, respectively | (525) | 224 | 75 |
| Change in unrealized gains/losses on derivative instruments: | |||
| Change in fair value of derivatives, net of tax benefit/(expense) of $(149), $(478) and $(7), respectively | 523 | 1,315 | 7 |
| Adjustment for net (gains)/losses realized and included in net income, net of tax expense/(benefit) of $(104), $475 and $131, respectively | 382 | (1,477) | (741) |
| Total change in unrealized gains/losses on derivative instruments, net of tax | 905 | (162) | (734) |
| Change in unrealized gains/losses on marketable securities: | |||
| Change in fair value of marketable securities, net of tax benefit/(expense) of $1,156, $425 and $(863), respectively | (3,407) | (782) | 1,582 |
| Adjustment for net (gains)/losses realized and included in net income, net of tax expense/(benefit) of $21, $35 and $(31), respectively | 1 | (64) | 56 |
| Total change in unrealized gains/losses on marketable securities, net of tax | (3,406) | (846) | 1,638 |
| Total other comprehensive income/(loss) | (3,026) | (784) | 979 |
| Total comprehensive income | 56,505 | 47,567 | 46,666 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2018 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 29, 2018 10-K (Filed: Nov 5, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 29, 2018 | Sept 30, 2017 | Sept 24, 2016 | |
| Cash and cash equivalents, beginning of the year | $ 20,289 | 20,484 | |
| Operating activities: | |||
| Net income | 59,531 | 48,351 | 45,687 |
| Adjustments to reconcile net income to cash generated by operating activities: | |||
| Depreciation and amortization | 10,903 | 10,157 | 10,505 |
| Share-based compensation expense | 5,340 | 4,840 | 4,210 |
| Deferred income tax expense/(benefit) | (32,590) | 5,966 | 4,938 |
| Other | (444) | (166) | 486 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (5,322) | (2,093) | 527 |
| Inventories | 828 | (2,723) | 217 |
| Vendor non-trade receivables | (8,010) | (4,254) | (51) |
| Other current and non-current assets | (423) | (5,318) | 1,055 |
| Accounts payable | 9,175 | 8,966 | 2,117 |
| Deferred revenue | (44) | (626) | (1,554) |
| Other current and non-current liabilities | 38,490 | 1,125 | (1,906) |
| Cash generated by operating activities | 77,434 | 64,225 | 66,231 |
| Investing activities: | |||
| Purchases of marketable securities | (71,356) | (159,486) | (142,428) |
| Proceeds from maturities of marketable securities | 55,881 | 31,775 | 21,258 |
| Proceeds from sales of marketable securities | 47,838 | 94,564 | 90,536 |
| Payments for acquisition of property, plant and equipment | (13,313) | (12,451) | (12,734) |
| Payments made in connection with business acquisitions, net | (721) | (329) | (297) |
| Purchases of non-marketable securities | (1,871) | (521) | (1,388) |
| Proceeds from non-marketable securities | 353 | 126 | 0 |
| Other | (745) | (124) | (924) |
| Cash generated by/(used in) investing activities | 16,066 | (46,446) | (45,977) |
| Financing activities: | |||
| Proceeds from issuance of common stock | 669 | 555 | 495 |
| Payments for taxes related to net share settlement of equity awards | (2,527) | (1,874) | (1,570) |
| Payments for dividends and dividend equivalents | 13,712 | 12,769 | 12,150 |
| Repurchases of common stock | (72,738) | (32,900) | (29,722) |
| Proceeds from issuance of term debt, net | 6,969 | 28,662 | 24,954 |
| Repayments of term debt | (6,500) | (3,500) | (2,500) |
| Change in commercial paper, net | (37) | 3,852 | (397) |
| Cash used in financing activities | (87,876) | (17,974) | (20,890) |
| Increase/(Decrease) in cash and cash equivalents | 5,624 | (195) | (636) |
| Cash and cash equivalents, end of the year | 25,913 | 20,289 | 20,484 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net | 10,417 | 11,591 | 10,444 |
| Cash paid for interest | 3,022 | 2,092 | 1,316 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLE INC | ||
Ticker: AAPL Fiscal Year: 2018 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 29, 2018 10-K (Filed: Nov 5, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 29, 2018 | Sept 30, 2017 | |
| ASSETS: | ||
| Current assets: | ||
| Cash and cash equivalents | $ 25,913 | 20,289 |
| Marketable securities | 40,388 | 53,892 |
| Accounts receivable, net | 23,186 | 17,874 |
| Inventories | 3,956 | 4,855 |
| Vendor non-trade receivables | 25,809 | 17,799 |
| Other current assets | 12,087 | 13,936 |
| Total current assets | 131,339 | 128,645 |
| Non-current assets: | ||
| Marketable securities | 170,799 | 194,714 |
| Property, plant and equipment, net | 41,304 | 33,783 |
| Other non-current assets | 22,283 | 18,177 |
| Total non-current assets | 234,386 | 246,674 |
| Total assets | 365,725 | 375,319 |
| LIABILITIES AND SHAREHOLDERS EQUITY: | ||
| Current liabilities: | ||
| Accounts payable | 55,888 | 44,242 |
| Other current liabilities | 32,687 | 30,551 |
| Deferred revenue | 7,543 | 7,548 |
| Commercial paper | 11,964 | 11,977 |
| Term debt | 8,784 | 6,496 |
| Total current liabilities | 116,866 | 100,814 |
| Non-current liabilities: | ||
| Deferred revenue | 2,797 | 2,836 |
| Term debt | 93,735 | 97,207 |
| Other non-current liabilities | 45,180 | 40,415 |
| Total non-current liabilities | 141,712 | 140,458 |
| Total liabilities | 258,578 | 241,272 |
| Commitments and contingencies | ||
| Shareholders equity: | ||
| Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 4,754,986 and 5,126,201 shares issued and outstanding, respectively | 40,201 | 35,867 |
| Retained earnings | 70,400 | 98,330 |
| Accumulated other comprehensive income/(loss) | (3,454) | (150) |
| Total shareholders equity | 107,147 | 134,047 |
| Total liabilities and shareholders equity | 365,725 | 375,319 |
| External Links | |
| APPLE INC (AAPL) Fiscal Year 2018 | |
| 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 |