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: 2014 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 27, 2014 10-K (Filed: Oct 27, 2014) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2014 | Sept 28, 2013 | Sept 29, 2012 | |
| Net sales | $ 182,795 | 170,910 | 156,508 |
| Cost of sales | 112,258 | 106,606 | 87,846 |
| Gross margin | 70,537 | 64,304 | 68,662 |
| Operating expenses: | |||
| Research and development | 6,041 | 4,475 | 3,381 |
| Selling, general and administrative | 11,993 | 10,830 | 10,040 |
| Total operating expenses | 18,034 | 15,305 | 13,421 |
| Operating income | 52,503 | 48,999 | 55,241 |
| Other income/(expense), net | 980 | 1,156 | 522 |
| Income before provision for income taxes | 53,483 | 50,155 | 55,763 |
| Provision for income taxes | 13,973 | 13,118 | 14,030 |
| Net income | 39,510 | 37,037 | 41,733 |
| Earnings per share: | |||
| Basic | 6.49 | 5.72 | 6.38 |
| Diluted | 6.45 | 5.68 | 6.31 |
| Shares used in computing earnings per share: | |||
| Basic | 6,085,572 | 6,477,320 | 6,543,726 |
| Diluted | 6,122,663 | 6,521,634 | 6,617,483 |
| Cash dividends declared per common share | 1.82 | 1.64 | 0.38 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2014 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Sept 27, 2014 10-K (Filed: Oct 27, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2014 | Sept 28, 2013 | Sept 29, 2012 | |
| Net income | $ 39,510 | 37,037 | 41,733 |
| Other comprehensive income/(loss): | |||
| Change in foreign currency translation, net of tax effects of $50, $35 and $13, respectively | (137) | (112) | (15) |
| Change in unrecognized gains/losses on derivative instruments: | |||
| Change in fair value of derivatives, net of tax benefit/(expense) of $(297), $(351) and $73, respectively | 1,390 | 522 | (131) |
| Adjustment for net losses/(gains) realized and included in net income, net of tax expense/(benefit) of $(36), $255 and $220, respectively | 149 | (458) | (399) |
| Total change in unrecognized gains/losses on derivative instruments, net of tax | 1,539 | 64 | (530) |
| Change in unrealized gains/losses on marketable securities: | |||
| Change in fair value of marketable securities, net of tax benefit/(expense) of $(153), $458 and $(421), respectively | 285 | (791) | 715 |
| Adjustment for net losses/(gains) realized and included in net income, net of tax expense/(benefit) of $71, $82 and $68, respectively | (134) | (131) | (114) |
| Total change in unrealized gains/losses on marketable securities, net of tax | 151 | (922) | 601 |
| Total other comprehensive income/(loss) | 1,553 | (970) | 56 |
| Total comprehensive income | 41,063 | 36,067 | 41,789 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2014 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 27, 2014 10-K (Filed: Oct 27, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2014 | Sept 28, 2013 | Sept 29, 2012 | |
| Cash and cash equivalents, beginning of the year | $ 14,259 | 10,746 | |
| Operating activities: | |||
| Net income | 39,510 | 37,037 | 41,733 |
| Adjustments to reconcile net income to cash generated by operating activities: | |||
| Depreciation and amortization | 7,946 | 6,757 | 3,277 |
| Share-based compensation expense | 2,863 | 2,253 | 1,740 |
| Deferred income tax expense | 2,347 | 1,141 | 4,405 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (4,232) | (2,172) | (5,551) |
| Inventories | (76) | (973) | (15) |
| Vendor non-trade receivables | (2,220) | 223 | (1,414) |
| Other current and non-current assets | 167 | 1,080 | (3,162) |
| Accounts payable | 5,938 | 2,340 | 4,467 |
| Deferred revenue | 1,460 | 1,459 | 2,824 |
| Other current and non-current liabilities | 6,010 | 4,521 | 2,552 |
| Cash generated by operating activities | 59,713 | 53,666 | 50,856 |
| Investing activities: | |||
| Purchases of marketable securities | (217,128) | (148,489) | (151,232) |
| Proceeds from maturities of marketable securities | 18,810 | 20,317 | 13,035 |
| Proceeds from sales of marketable securities | 189,301 | 104,130 | 99,770 |
| Payments made in connection with business acquisitions, net | (3,765) | (496) | (350) |
| Payments for acquisition of property, plant and equipment | (9,571) | (8,165) | (8,295) |
| Payments for acquisition of intangible assets | (242) | (911) | (1,107) |
| Other | 16 | (160) | (48) |
| Cash used in investing activities | (22,579) | (33,774) | (48,227) |
| Financing activities: | |||
| Proceeds from issuance of common stock | 730 | 530 | 665 |
| Excess tax benefits from equity awards | 739 | 701 | 1,351 |
| Taxes paid related to net share settlement of equity awards | (1,158) | (1,082) | (1,226) |
| Dividends and dividend equivalents paid | (11,126) | (10,564) | (2,488) |
| Repurchase of common stock | (45,000) | (22,860) | 0 |
| Proceeds from issuance of long-term debt, net | 11,960 | 16,896 | 0 |
| Proceeds from issuance of commercial paper, net | 6,306 | 0 | 0 |
| Cash used in financing activities | (37,549) | (16,379) | (1,698) |
| Increase/(decrease) in cash and cash equivalents | (415) | 3,513 | 931 |
| Cash and cash equivalents, end of the year | 13,844 | 14,259 | 10,746 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net | 10,026 | 9,128 | 7,682 |
| Cash paid for interest | 339 | 0 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLE INC | ||
Ticker: AAPL Fiscal Year: 2014 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 27, 2014 10-K (Filed: Oct 27, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 27, 2014 | Sept 28, 2013 | |
| ASSETS: | ||
| Current assets: | ||
| Cash and cash equivalents | $ 13,844 | 14,259 |
| Short-term marketable securities | 11,233 | 26,287 |
| Accounts receivable, less allowances of $86 and $99, respectively | 17,460 | 13,102 |
| Inventories | 2,111 | 1,764 |
| Deferred tax assets | 4,318 | 3,453 |
| Vendor non-trade receivables | 9,759 | 7,539 |
| Other current assets | 9,806 | 6,882 |
| Total current assets | 68,531 | 73,286 |
| Long-term marketable securities | 130,162 | 106,215 |
| Property, plant and equipment, net | 20,624 | 16,597 |
| Goodwill | 4,616 | 1,577 |
| Acquired intangible assets, net | 4,142 | 4,179 |
| Other assets | 3,764 | 5,146 |
| Total assets | 231,839 | 207,000 |
| LIABILITIES AND SHAREHOLDERS' EQUITY: | ||
| Current liabilities: | ||
| Accounts payable | 30,196 | 22,367 |
| Accrued expenses | 18,453 | 13,856 |
| Deferred revenue | 8,491 | 7,435 |
| Commercial paper | 6,308 | 0 |
| Total current liabilities | 63,448 | 43,658 |
| Deferred revenue - non-current | 3,031 | 2,625 |
| Long-term debt | 28,987 | 16,960 |
| Other non-current liabilities | 24,826 | 20,208 |
| Total liabilities | 120,292 | 83,451 |
| Commitments and contingencies | ||
| Shareholders' equity: | ||
| Common stock and additional paid-in capital, $0.00001 par value; 12,600,000 shares authorized; 5,866,161 and 6,294,494 shares issued and outstanding, respectively | 23,313 | 19,764 |
| Retained earnings | 87,152 | 104,256 |
| Accumulated other comprehensive income/(loss) | 1,082 | (471) |
| Total shareholders' equity | 111,547 | 123,549 |
| Total liabilities and shareholders' equity | 231,839 | 207,000 |
| External Links | |
| APPLE INC (AAPL) Fiscal Year 2014 | |
| 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 |