10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2021 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 25, 2021 10-K (Filed: Oct 29, 2021) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 25, 2021 | Sept 26, 2020 | Sept 28, 2019 | |
| Net sales | $ 365,817 | 274,515 | 260,174 |
| Cost of sales | 212,981 | 169,559 | 161,782 |
| Gross margin | 152,836 | 104,956 | 98,392 |
| Operating expenses: | |||
| Research and development | 21,914 | 18,752 | 16,217 |
| Selling, general and administrative | 21,973 | 19,916 | 18,245 |
| Total operating expenses | 43,887 | 38,668 | 34,462 |
| Operating income | 108,949 | 66,288 | 63,930 |
| Other income/(expense), net | 258 | 803 | 1,807 |
| Income before provision for income taxes | 109,207 | 67,091 | 65,737 |
| Provision for income taxes | 14,527 | 9,680 | 10,481 |
| Net income | 94,680 | 57,411 | 55,256 |
| Earnings per share: | |||
| Basic (in dollars per share) | 5.67 | 3.31 | 2.99 |
| Diluted (in dollars per share) | 5.61 | 3.28 | 2.97 |
| Shares used in computing earnings per share: | |||
| Basic (in shares) | 16,701,272 | 17,352,119 | 18,471,336 |
| Diluted (in shares) | 16,864,919 | 17,528,214 | 18,595,651 |
| Product and Service | |||
| Products | |||
| Net sales | 297,392 | 220,747 | 213,883 |
| Cost of sales | 192,266 | 151,286 | 144,996 |
| Services | |||
| Net sales | 68,425 | 53,768 | 46,291 |
| Cost of sales | 20,715 | 18,273 | 16,786 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2021 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Sept 25, 2021 10-K (Filed: Oct 29, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 25, 2021 | Sept 26, 2020 | Sept 28, 2019 | |
| Net income | $ 94,680 | 57,411 | 55,256 |
| Other comprehensive income/(loss): | |||
| Change in foreign currency translation, net of tax | 501 | 88 | (408) |
| Change in unrealized gains/losses on derivative instruments, net of tax: | |||
| Change in fair value of derivative instruments | 32 | 79 | |
| Change in fair value of derivative instruments | (661) | ||
| Adjustment for net (gains)/losses realized and included in net income | 1,003 | (1,264) | |
| Adjustment for net (gains)/losses realized and included in net income | 23 | ||
| Total change in unrealized gains/losses on derivative instruments | 1,035 | (1,185) | |
| Total change in unrealized gains/losses on derivative instruments | (638) | ||
| Change in unrealized gains/losses on marketable debt securities, net of tax: | |||
| Change in fair value of marketable debt securities | (694) | 1,202 | 3,802 |
| Adjustment for net (gains)/losses realized and included in net income | (273) | (63) | 25 |
| Total change in unrealized gains/losses on marketable debt securities | (967) | 1,139 | 3,827 |
| Total other comprehensive income/(loss) | 569 | 42 | 2,781 |
| Total comprehensive income | 95,249 | 57,453 | 58,037 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2021 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 25, 2021 10-K (Filed: Oct 29, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 25, 2021 | Sept 26, 2020 | Sept 28, 2019 | |
| Cash, cash equivalents and restricted cash, beginning balances | $ 39,789 | 50,224 | |
| Operating activities: | |||
| Net income | 94,680 | 57,411 | 55,256 |
| Adjustments to reconcile net income to cash generated by operating activities: | |||
| Depreciation and amortization | 11,284 | 11,056 | 12,547 |
| Share-based compensation expense | 7,906 | 6,829 | 6,068 |
| Deferred income tax benefit | (4,774) | (215) | (340) |
| Other | (147) | (97) | (652) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (10,125) | 6,917 | 245 |
| Inventories | (2,642) | (127) | (289) |
| Vendor non-trade receivables | (3,903) | 1,553 | 2,931 |
| Other current and non-current assets | (8,042) | (9,588) | 873 |
| Accounts payable | 12,326 | (4,062) | (1,923) |
| Deferred revenue | 1,676 | 2,081 | (625) |
| Other current and non-current liabilities | 5,799 | 8,916 | (4,700) |
| Cash generated by operating activities | 104,038 | 80,674 | 69,391 |
| Investing activities: | |||
| Purchases of marketable securities | (109,558) | (114,938) | (39,630) |
| Proceeds from maturities of marketable securities | 59,023 | 69,918 | 40,102 |
| Proceeds from sales of marketable securities | 47,460 | 50,473 | 56,988 |
| Payments for acquisition of property, plant and equipment | (11,085) | (7,309) | (10,495) |
| Payments made in connection with business acquisitions, net | (33) | (1,524) | (624) |
| Purchases of non-marketable securities | (131) | (210) | (1,001) |
| Proceeds from non-marketable securities | 387 | 92 | 1,634 |
| Other | (608) | (791) | (1,078) |
| Cash generated by/(used in) investing activities | (14,545) | (4,289) | 45,896 |
| Financing activities: | |||
| Proceeds from issuance of common stock | 1,105 | 880 | 781 |
| Payments for taxes related to net share settlement of equity awards | (6,556) | (3,634) | (2,817) |
| Payments for dividends and dividend equivalents | (14,467) | (14,081) | (14,119) |
| Repurchases of common stock | (85,971) | (72,358) | (66,897) |
| Proceeds from issuance of term debt, net | 20,393 | 16,091 | 6,963 |
| Repayments of term debt | (8,750) | (12,629) | (8,805) |
| Proceeds from/(Repayments of) commercial paper, net | 1,022 | (963) | (5,977) |
| Other | (129) | (126) | (105) |
| Cash used in financing activities | (93,353) | (86,820) | (90,976) |
| Increase/(Decrease) in cash, cash equivalents and restricted cash | (3,860) | (10,435) | 24,311 |
| Cash, cash equivalents and restricted cash, ending balances | 35,929 | 39,789 | 50,224 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net | 25,385 | 9,501 | 15,263 |
| Cash paid for interest | 2,687 | 3,002 | 3,423 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLE INC | ||
Ticker: AAPL Fiscal Year: 2021 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 25, 2021 10-K (Filed: Oct 29, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 25, 2021 | Sept 26, 2020 | |
| ASSETS: | ||
| Current assets: | ||
| Cash and cash equivalents | $ 34,940 | 38,016 |
| Marketable securities | 27,699 | 52,927 |
| Accounts receivable, net | 26,278 | 16,120 |
| Inventories | 6,580 | 4,061 |
| Vendor non-trade receivables | 25,228 | 21,325 |
| Other current assets | 14,111 | 11,264 |
| Total current assets | 134,836 | 143,713 |
| Non-current assets: | ||
| Marketable securities | 127,877 | 100,887 |
| Property, plant and equipment, net | 39,440 | 36,766 |
| Other non-current assets | 48,849 | 42,522 |
| Total non-current assets | 216,166 | 180,175 |
| Total assets | 351,002 | 323,888 |
| LIABILITIES AND SHAREHOLDERS EQUITY: | ||
| Current liabilities: | ||
| Accounts payable | 54,763 | 42,296 |
| Other current liabilities | 47,493 | 42,684 |
| Deferred revenue | 7,612 | 6,643 |
| Commercial paper | 6,000 | 4,996 |
| Term debt | 9,613 | 8,773 |
| Total current liabilities | 125,481 | 105,392 |
| Non-current liabilities: | ||
| Term debt | 109,106 | 98,667 |
| Other non-current liabilities | 53,325 | 54,490 |
| Total non-current liabilities | 162,431 | 153,157 |
| Total liabilities | 287,912 | 258,549 |
| Commitments and contingencies | ||
| Shareholders equity: | ||
| Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,426,786 and 16,976,763 shares issued and outstanding, respectively | 57,365 | 50,779 |
| Retained earnings | 5,562 | 14,966 |
| Accumulated other comprehensive income/(loss) | 163 | (406) |
| Total shareholders equity | 63,090 | 65,339 |
| Total liabilities and shareholders equity | 351,002 | 323,888 |
| External Links | |
| APPLE INC (AAPL) Fiscal Year 2021 | |
| 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 |