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: 2010 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 25, 2010 10-K (Filed: Oct 27, 2010) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 25, 2010 | Sept 26, 2009 | Sept 27, 2008 | |
| Net sales | $ 65,225 | 42,905 | 37,491 |
| Cost of sales | 39,541 | 25,683 | 24,294 |
| Gross margin | 25,684 | 17,222 | 13,197 |
| Operating expenses: | |||
| Research and development | 1,782 | 1,333 | 1,109 |
| Selling, general and administrative | 5,517 | 4,149 | 3,761 |
| Total operating expenses | 7,299 | 5,482 | 4,870 |
| Operating income | 18,385 | 11,740 | 8,327 |
| Other income and expense | 155 | 326 | 620 |
| Income before provision for income taxes | 18,540 | 12,066 | 8,947 |
| Provision for income taxes | 4,527 | 3,831 | 2,828 |
| Net income | 14,013 | 8,235 | 6,119 |
| Earnings per common share: | |||
| Basic | 15.41 | 9.22 | 6.94 |
| Diluted | 15.15 | 9.08 | 6.78 |
| Shares used in computing earnings per share: | |||
| Basic | 909,461 | 893,016 | 881,592 |
| Diluted | 924,712 | 907,005 | 902,139 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2010 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 25, 2010 10-K (Filed: Oct 27, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 25, 2010 | Sept 26, 2009 | Sept 27, 2008 | |
| Cash and cash equivalents, beginning of the year | $ 5,263 | 11,875 | |
| Operating activities: | |||
| Net income | 14,013 | 8,235 | 6,119 |
| Adjustments to reconcile net income to cash generated by operating activities: | |||
| Depreciation, amortization and accretion | 1,027 | 734 | 496 |
| Stock-based compensation expense | 879 | 710 | 516 |
| Deferred income tax expense | 1,440 | 1,040 | 398 |
| Loss on disposition of property, plant and equipment | 24 | 26 | 22 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (2,142) | (939) | (785) |
| Inventories | (596) | 54 | (163) |
| Vendor non-trade receivables | (2,718) | 586 | 110 |
| Other current assets | (1,514) | 163 | (384) |
| Other assets | (120) | (902) | 289 |
| Accounts payable | 6,307 | 92 | 596 |
| Deferred revenue | 1,217 | 521 | 718 |
| Other liabilities | 778 | (161) | 1,664 |
| Cash generated by operating activities | 18,595 | 10,159 | 9,596 |
| Investing activities: | |||
| Purchases of marketable securities | (57,793) | (46,724) | (22,965) |
| Proceeds from maturities of marketable securities | 24,930 | 19,790 | 11,804 |
| Proceeds from sales of marketable securities | 21,788 | 10,888 | 4,439 |
| Purchases of other long-term investments | (18) | (101) | (38) |
| Payments made in connection with business acquisitions, net of cash acquired | (638) | 0 | (220) |
| Payments for acquisition of property, plant and equipment | (2,005) | (1,144) | (1,091) |
| Payments for acquisition of intangible assets | (116) | (69) | (108) |
| Other | (2) | (74) | (10) |
| Cash used in investing activities | (13,854) | (17,434) | (8,189) |
| Financing activities: | |||
| Proceeds from issuance of common stock | 912 | 475 | 483 |
| Excess tax benefits from stock-based compensation | 751 | 270 | 757 |
| Taxes paid related to net share settlement of equity awards | (406) | (82) | (124) |
| Cash generated by financing activities | 1,257 | 663 | 1,116 |
| Increase/(decrease) in cash and cash equivalents | 5,998 | (6,612) | 2,523 |
| Cash and cash equivalents, end of the year | 11,261 | 5,263 | 11,875 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net | 2,697 | 2,997 | 1,267 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLE INC | ||
Ticker: AAPL Fiscal Year: 2010 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 25, 2010 10-K (Filed: Oct 27, 2010) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 25, 2010 | Sept 26, 2009 | |
| ASSETS: | ||
| Current assets: | ||
| Cash and cash equivalents | $ 11,261 | 5,263 |
| Short-term marketable securities | 14,359 | 18,201 |
| Accounts receivable, less allowances of $55 and $52, respectively | 5,510 | 3,361 |
| Inventories | 1,051 | 455 |
| Deferred tax assets | 1,636 | 1,135 |
| Vendor non-trade receivables | 4,414 | 1,696 |
| Other current assets | 3,447 | 1,444 |
| Total current assets | 41,678 | 31,555 |
| Long-term marketable securities | 25,391 | 10,528 |
| Property, plant and equipment, net | 4,768 | 2,954 |
| Goodwill | 741 | 206 |
| Acquired intangible assets, net | 342 | 247 |
| Other assets | 2,263 | 2,011 |
| Total assets | 75,183 | 47,501 |
| LIABILITIES AND SHAREHOLDERS' EQUITY: | ||
| Current liabilities: | ||
| Accounts payable | 12,015 | 5,601 |
| Accrued expenses | 5,723 | 3,852 |
| Deferred revenue | 2,984 | 2,053 |
| Total current liabilities | 20,722 | 11,506 |
| Deferred revenue - non-current | 1,139 | 853 |
| Other non-current liabilities | 5,531 | 3,502 |
| Total liabilities | 27,392 | 15,861 |
| Commitments and contingencies | ||
| Shareholders' equity: | ||
| Common stock, no par value; 1,800,000,000 shares authorized; 915,970,050 and 899,805,500 shares issued and outstanding, respectively | 10,668 | 8,210 |
| Retained earnings | 37,169 | 23,353 |
| Accumulated other comprehensive (loss)/income | (46) | 77 |
| Total shareholders' equity | 47,791 | 31,640 |
| Total liabilities and shareholders' equity | 75,183 | 47,501 |
| External Links | |
| APPLE INC (AAPL) Fiscal Year 2010 | |
| 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 |