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: 2013 | |||
Consolidated Statements of Operations | |||
Period Ending Sept 28, 2013 10-K (Filed: Oct 30, 2013) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 28, 2013 | Sept 29, 2012 | Sept 24, 2011 | |
| Net sales | $ 170,910 | 156,508 | 108,249 |
| Cost of sales | 106,606 | 87,846 | 64,431 |
| Gross margin | 64,304 | 68,662 | 43,818 |
| Operating expenses: | |||
| Research and development | 4,475 | 3,381 | 2,429 |
| Selling, general and administrative | 10,830 | 10,040 | 7,599 |
| Total operating expenses | 15,305 | 13,421 | 10,028 |
| Operating income | 48,999 | 55,241 | 33,790 |
| Other income/(expense), net | 1,156 | 522 | 415 |
| Income before provision for income taxes | 50,155 | 55,763 | 34,205 |
| Provision for income taxes | 13,118 | 14,030 | 8,283 |
| Net income | 37,037 | 41,733 | 25,922 |
| Earnings per share: | |||
| Basic | 40.03 | 44.64 | 28.05 |
| Diluted | 39.75 | 44.15 | 27.68 |
| Shares used in computing earnings per share: | |||
| Basic | 925,331 | 934,818 | 924,258 |
| Diluted | 931,662 | 945,355 | 936,645 |
| Cash dividends declared per common share | 11.40 | 2.65 | 0.00 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2013 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Sept 28, 2013 10-K (Filed: Oct 30, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 28, 2013 | Sept 29, 2012 | Sept 24, 2011 | |
| Net income | $ 37,037 | 41,733 | 25,922 |
| Other comprehensive income/(loss): | |||
| Change in foreign currency translation, net of tax effects of $35, $13 and $18, respectively | (112) | (15) | (12) |
| Change in unrecognized gains/losses on derivative instruments: | |||
| Change in fair value of derivatives, net of tax benefit/(expense) of $(351), $73 and $(50), respectively | 522 | (131) | 92 |
| Adjustment for net losses/(gains) realized and included in net income, net of tax expense/(benefit) of $255, $220 and $(250), respectively | (458) | (399) | 450 |
| Total change in unrecognized gains/losses on derivative instruments, net of tax | 64 | (530) | 542 |
| Change in unrealized gains/losses on marketable securities: | |||
| Change in fair value of marketable securities, net of tax benefit/(expense) of $458, $(421) and $17, respectively | (791) | 715 | 29 |
| Adjustment for net losses/(gains) realized and included in net income, net of tax expense/(benefit) of $82, $68 and $(40), respectively | (131) | (114) | (70) |
| Total change in unrealized gains/losses on marketable securities, net of tax | (922) | 601 | (41) |
| Total other comprehensive income/(loss) | (970) | 56 | 489 |
| Total comprehensive income | 36,067 | 41,789 | 26,411 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Sept 28, 2013 10-K (Filed: Oct 30, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 28, 2013 | Sept 29, 2012 | Sept 24, 2011 | |
| Cash and cash equivalents, beginning of the year | $ 10,746 | 9,815 | |
| Operating activities: | |||
| Net income | 37,037 | 41,733 | 25,922 |
| Adjustments to reconcile net income to cash generated by operating activities: | |||
| Depreciation and amortization | 6,757 | 3,277 | 1,814 |
| Share-based compensation expense | 2,253 | 1,740 | 1,168 |
| Deferred income tax expense | 1,141 | 4,405 | 2,868 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (2,172) | (5,551) | 143 |
| Inventories | (973) | (15) | 275 |
| Vendor non-trade receivables | 223 | (1,414) | (1,934) |
| Other current and non-current assets | 1,080 | (3,162) | (1,391) |
| Accounts payable | 2,340 | 4,467 | 2,515 |
| Deferred revenue | 1,459 | 2,824 | 1,654 |
| Other current and non-current liabilities | 4,521 | 2,552 | 4,495 |
| Cash generated by operating activities | 53,666 | 50,856 | 37,529 |
| Investing activities: | |||
| Purchases of marketable securities | (148,489) | (151,232) | (102,317) |
| Proceeds from maturities of marketable securities | 20,317 | 13,035 | 20,437 |
| Proceeds from sales of marketable securities | 104,130 | 99,770 | 49,416 |
| Payments made in connection with business acquisitions, net | (496) | (350) | (244) |
| Payments for acquisition of property, plant and equipment | (8,165) | (8,295) | (4,260) |
| Payments for acquisition of intangible assets | (911) | (1,107) | (3,192) |
| Other | (160) | (48) | (259) |
| Cash used in investing activities | (33,774) | (48,227) | (40,419) |
| Financing activities: | |||
| Proceeds from issuance of common stock | 530 | 665 | 831 |
| Excess tax benefits from equity awards | 701 | 1,351 | 1,133 |
| Taxes paid related to net share settlement of equity awards | (1,082) | (1,226) | (520) |
| Dividends and dividend equivalent rights paid | (10,564) | (2,488) | 0 |
| Repurchase of common stock | (22,860) | 0 | 0 |
| Proceeds from issuance of long-term debt, net | 16,896 | 0 | 0 |
| Cash generated by/(used in) financing activities | (16,379) | (1,698) | 1,444 |
| Increase/(decrease) in cash and cash equivalents | 3,513 | 931 | (1,446) |
| Cash and cash equivalents, end of the year | 14,259 | 10,746 | 9,815 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net | 9,128 | 7,682 | 3,338 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLE INC | ||
Ticker: AAPL Fiscal Year: 2013 | ||
Consolidated Balance Sheets | ||
Period Ending Sept 28, 2013 10-K (Filed: Oct 30, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 28, 2013 | Sept 29, 2012 | |
| ASSETS: | ||
| Current assets: | ||
| Cash and Cash Equivalents | $ 14,259 | 10,746 |
| Short-term marketable securities | 26,287 | 18,383 |
| Accounts receivable, less allowances of $99 and $98, respectively | 13,102 | 10,930 |
| Inventories | 1,764 | 791 |
| Deferred tax assets | 3,453 | 2,583 |
| Vendor non-trade receivables | 7,539 | 7,762 |
| Other current assets | 6,882 | 6,458 |
| Total current assets | 73,286 | 57,653 |
| Long-term marketable securities | 106,215 | 92,122 |
| Property, plant and equipment, net | 16,597 | 15,452 |
| Goodwill | 1,577 | 1,135 |
| Acquired intangible assets, net | 4,179 | 4,224 |
| Other assets | 5,146 | 5,478 |
| Total assets | 207,000 | 176,064 |
| LIABILITIES AND SHAREHOLDERS' EQUITY: | ||
| Current liabilities: | ||
| Accounts payable | 22,367 | 21,175 |
| Accrued expenses | 13,856 | 11,414 |
| Deferred revenue | 7,435 | 5,953 |
| Total current liabilities | 43,658 | 38,542 |
| Deferred revenue - non-current | 2,625 | 2,648 |
| Long-term debt | 16,960 | 0 |
| Other non-current liabilities | 20,208 | 16,664 |
| Total liabilities | 83,451 | 57,854 |
| Commitments and contingencies | ||
| Shareholders' equity: | ||
| Common stock, no par value; 1,800,000 shares authorized; 899,213 and 939,208 shares issued and outstanding, respectively | 19,764 | 16,422 |
| Retained earnings | 104,256 | 101,289 |
| Accumulated other comprehensive income/(loss) | (471) | 499 |
| Total shareholders' equity | 123,549 | 118,210 |
| Total liabilities and shareholders' equity | 207,000 | 176,064 |
| External Links | |
| APPLE INC (AAPL) Fiscal Year 2013 | |
| 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 |