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: 2015 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 26, 2015 10-K (Filed: Oct 28, 2015) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 26, 2015 | Sept 27, 2014 | Sept 28, 2013 | |
| Net sales | $ 233,715 | 182,795 | 170,910 |
| Cost of sales | 140,089 | 112,258 | 106,606 |
| Gross margin | 93,626 | 70,537 | 64,304 |
| Operating expenses: | |||
| Research and development | 8,067 | 6,041 | 4,475 |
| Selling, general and administrative | 14,329 | 11,993 | 10,830 |
| Total operating expenses | 22,396 | 18,034 | 15,305 |
| Operating income | 71,230 | 52,503 | 48,999 |
| Other income/(expense), net | 1,285 | 980 | 1,156 |
| Income before provision for income taxes | 72,515 | 53,483 | 50,155 |
| Provision for income taxes | 19,121 | 13,973 | 13,118 |
| Net income | 53,394 | 39,510 | 37,037 |
| Earnings per share: | |||
| Basic | 9.28 | 6.49 | 5.72 |
| Diluted | 9.22 | 6.45 | 5.68 |
| Shares used in computing earnings per share: | |||
| Basic | 5,753,421 | 6,085,572 | 6,477,320 |
| Diluted | 5,793,069 | 6,122,663 | 6,521,634 |
| Cash dividends declared per share | 1.98 | 1.82 | 1.64 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2015 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Sept 26, 2015 10-K (Filed: Oct 28, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 26, 2015 | Sept 27, 2014 | Sept 28, 2013 | |
| Net income | $ 53,394 | 39,510 | 37,037 |
| Other comprehensive income/(loss): | |||
| Change in foreign currency translation, net of tax effects of $201, $50 and $35, respectively | (411) | (137) | (112) |
| Change in unrealized gains/losses on derivative instruments: | |||
| Change in fair value of derivatives, net of tax benefit/(expense) of $(441), $(297) and $(351), respectively | 2,905 | 1,390 | 522 |
| Adjustment for net (gains)/losses realized and included in net income, net of tax expense/(benefit) of $630, $(36) and $255, respectively | (3,497) | 149 | (458) |
| Total change in unrealized gains/losses on derivative instruments, net of tax | (592) | 1,539 | 64 |
| Change in unrealized gains/losses on marketable securities: | |||
| Change in fair value of marketable securities, net of tax benefit/(expense) of $264, $(153) and $458, respectively | (483) | 285 | (791) |
| Adjustment for net (gains)/losses realized and included in net income, net of tax expense/(benefit) of $(32), $71 and $82, respectively | 59 | (134) | (131) |
| Total change in unrealized gains/losses on marketable securities, net of tax | (424) | 151 | (922) |
| Total other comprehensive income/(loss) | (1,427) | 1,553 | (970) |
| Total comprehensive income | 51,967 | 41,063 | 36,067 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2015 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 26, 2015 10-K (Filed: Oct 28, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 26, 2015 | Sept 27, 2014 | Sept 28, 2013 | |
| Cash and cash equivalents, beginning of the year | $ 13,844 | 14,259 | |
| Operating activities: | |||
| Net income | 53,394 | 39,510 | 37,037 |
| Adjustments to reconcile net income to cash generated by operating activities: | |||
| Depreciation and amortization | 11,257 | 7,946 | 6,757 |
| Share-based compensation expense | 3,586 | 2,863 | 2,253 |
| Deferred income tax expense | 1,382 | 2,347 | 1,141 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | 611 | (4,232) | (2,172) |
| Inventories | (238) | (76) | (973) |
| Vendor non-trade receivables | (3,735) | (2,220) | 223 |
| Other current and non-current assets | (179) | 167 | 1,080 |
| Accounts payable | 5,400 | 5,938 | 2,340 |
| Deferred revenue | 1,042 | 1,460 | 1,459 |
| Other current and non-current liabilities | 8,746 | 6,010 | 4,521 |
| Cash generated by operating activities | 81,266 | 59,713 | 53,666 |
| Investing activities: | |||
| Purchases of marketable securities | (166,402) | (217,128) | (148,489) |
| Proceeds from maturities of marketable securities | 14,538 | 18,810 | 20,317 |
| Proceeds from sales of marketable securities | 107,447 | 189,301 | 104,130 |
| Payments made in connection with business acquisitions, net | (343) | (3,765) | (496) |
| Payments for acquisition of property, plant and equipment | (11,247) | (9,571) | (8,165) |
| Payments for acquisition of intangible assets | (241) | (242) | (911) |
| Other | (26) | 16 | (160) |
| Cash used in investing activities | (56,274) | (22,579) | (33,774) |
| Financing activities: | |||
| Proceeds from issuance of common stock | 543 | 730 | 530 |
| Excess tax benefits from equity awards | 749 | 739 | 701 |
| Taxes paid related to net share settlement of equity awards | (1,499) | (1,158) | (1,082) |
| Dividends and dividend equivalents paid | (11,561) | (11,126) | (10,564) |
| Repurchase of common stock | (35,253) | (45,000) | (22,860) |
| Proceeds from issuance of term debt, net | 27,114 | 11,960 | 16,896 |
| Change in commercial paper, net | 2,191 | 6,306 | 0 |
| Cash used in financing activities | (17,716) | (37,549) | (16,379) |
| Increase/(decrease) in cash and cash equivalents | 7,276 | (415) | 3,513 |
| Cash and cash equivalents, end of the year | 21,120 | 13,844 | 14,259 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net | 13,252 | 10,026 | 9,128 |
| Cash paid for interest | 514 | 339 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLE INC | ||
Ticker: AAPL Fiscal Year: 2015 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 26, 2015 10-K (Filed: Oct 28, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 26, 2015 | Sept 27, 2014 | |
| ASSETS: | ||
| Current assets: | ||
| Cash and cash equivalents | $ 21,120 | 13,844 |
| Short-term marketable securities | 20,481 | 11,233 |
| Accounts receivable, less allowances of $82 and $86, respectively | 16,849 | 17,460 |
| Inventories | 2,349 | 2,111 |
| Deferred tax assets | 5,546 | 4,318 |
| Vendor non-trade receivables | 13,494 | 9,759 |
| Other current assets | 9,539 | 9,806 |
| Total current assets | 89,378 | 68,531 |
| Long-term marketable securities | 164,065 | 130,162 |
| Property, plant and equipment, net | 22,471 | 20,624 |
| Goodwill | 5,116 | 4,616 |
| Acquired intangible assets, net | 3,893 | 4,142 |
| Other assets | 5,556 | 3,764 |
| Total assets | 290,479 | 231,839 |
| LIABILITIES AND SHAREHOLDERS' EQUITY: | ||
| Current liabilities: | ||
| Accounts payable | 35,490 | 30,196 |
| Accrued expenses | 25,181 | 18,453 |
| Deferred revenue | 8,940 | 8,491 |
| Commercial paper | 8,499 | 6,308 |
| Current portion of long-term debt | 2,500 | 0 |
| Total current liabilities | 80,610 | 63,448 |
| Deferred revenue, non-current | 3,624 | 3,031 |
| Long-term debt | 53,463 | 28,987 |
| Other non-current liabilities | 33,427 | 24,826 |
| Total liabilities | 171,124 | 120,292 |
| Commitments and contingencies | ||
| Shareholders' equity: | ||
| Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 5,578,753 and 5,866,161 shares issued and outstanding, respectively | 27,416 | 23,313 |
| Retained earnings | 92,284 | 87,152 |
| Accumulated other comprehensive income | (345) | 1,082 |
| Total shareholders' equity | 119,355 | 111,547 |
| Total liabilities and shareholders' equity | 290,479 | 231,839 |
| External Links | |
| APPLE INC (AAPL) Fiscal Year 2015 | |
| 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 |