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: 2016 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 24, 2016 10-K (Filed: Oct 26, 2016) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 24, 2016 | Sept 26, 2015 | Sept 27, 2014 | |
| Net sales | $ 215,639 | 233,715 | 182,795 |
| Cost of sales | 131,376 | 140,089 | 112,258 |
| Gross margin | 84,263 | 93,626 | 70,537 |
| Operating expenses: | |||
| Research and development | 10,045 | 8,067 | 6,041 |
| Selling, general and administrative | 14,194 | 14,329 | 11,993 |
| Total operating expenses | 24,239 | 22,396 | 18,034 |
| Operating income | 60,024 | 71,230 | 52,503 |
| Other income/(expense), net | 1,348 | 1,285 | 980 |
| Income before provision for income taxes | 61,372 | 72,515 | 53,483 |
| Provision for income taxes | 15,685 | 19,121 | 13,973 |
| Net income | 45,687 | 53,394 | 39,510 |
| Earnings per share: | |||
| Basic (in dollars per share) | 8.35 | 9.28 | 6.49 |
| Diluted (in dollars per share) | 8.31 | 9.22 | 6.45 |
| Shares used in computing earnings per share: | |||
| Basic (in shares) | 5,470,820 | 5,753,421 | 6,085,572 |
| Diluted (in shares) | 5,500,281 | 5,793,069 | 6,122,663 |
| Cash dividends declared per share (in dollars per share) | 2.18 | 1.98 | 1.82 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2016 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Sept 24, 2016 10-K (Filed: Oct 26, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 24, 2016 | Sept 26, 2015 | Sept 27, 2014 | |
| Net income | $ 45,687 | 53,394 | 39,510 |
| Other comprehensive income/(loss): | |||
| Change in foreign currency translation, net of tax effects of $8, $201 and $50, respectively | 75 | (411) | (137) |
| Change in unrealized gains/losses on derivative instruments: | |||
| Change in fair value of derivatives, net of tax benefit/(expense) of $(7), $(441) and $(297), respectively | 7 | 2,905 | 1,390 |
| Adjustment for net (gains)/losses realized and included in net income, net of tax expense/(benefit) of $131, $630 and $(36), respectively | (741) | (3,497) | 149 |
| Total change in unrealized gains/losses on derivative instruments, net of tax | (734) | (592) | 1,539 |
| Change in unrealized gains/losses on marketable securities: | |||
| Change in fair value of marketable securities, net of tax benefit/(expense) of $(863), $264 and $(153), respectively | 1,582 | (483) | 285 |
| Adjustment for net (gains)/losses realized and included in net income, net of tax expense/(benefit) of $(31), $(32) and $71, respectively | 56 | 59 | (134) |
| Total change in unrealized gains/losses on marketable securities, net of tax | 1,638 | (424) | 151 |
| Total other comprehensive income/(loss) | 979 | (1,427) | 1,553 |
| Total comprehensive income | 46,666 | 51,967 | 41,063 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2016 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 24, 2016 10-K (Filed: Oct 26, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 24, 2016 | Sept 26, 2015 | Sept 27, 2014 | |
| Cash and cash equivalents, beginning of the year | $ 21,120 | 13,844 | |
| Operating activities: | |||
| Net income | 45,687 | 53,394 | 39,510 |
| Adjustments to reconcile net income to cash generated by operating activities: | |||
| Depreciation and amortization | 10,505 | 11,257 | 7,946 |
| Share-based compensation expense | 4,210 | 3,586 | 2,863 |
| Deferred income tax expense | 4,938 | 1,382 | 2,347 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | 1,095 | 611 | (4,232) |
| Inventories | 217 | (238) | (76) |
| Vendor non-trade receivables | (51) | (3,735) | (2,220) |
| Other current and non-current assets | 1,090 | (179) | 167 |
| Accounts payable | 1,791 | 5,400 | 5,938 |
| Deferred revenue | (1,554) | 1,042 | 1,460 |
| Other current and non-current liabilities | (2,104) | 8,746 | 6,010 |
| Cash generated by operating activities | 65,824 | 81,266 | 59,713 |
| Investing activities: | |||
| Purchases of marketable securities | (142,428) | (166,402) | (217,128) |
| Proceeds from maturities of marketable securities | 21,258 | 14,538 | 18,810 |
| Proceeds from sales of marketable securities | 90,536 | 107,447 | 189,301 |
| Payments made in connection with business acquisitions, net | (297) | (343) | (3,765) |
| Payments for acquisition of property, plant and equipment | (12,734) | (11,247) | (9,571) |
| Payments for acquisition of intangible assets | (814) | (241) | (242) |
| Payments for strategic investments | (1,388) | 0 | (10) |
| Other | (110) | (26) | 26 |
| Cash used in investing activities | (45,977) | (56,274) | (22,579) |
| Financing activities: | |||
| Proceeds from issuance of common stock | 495 | 543 | 730 |
| Excess tax benefits from equity awards | 407 | 749 | 739 |
| Payments for taxes related to net share settlement of equity awards | (1,570) | (1,499) | (1,158) |
| Payments for dividends and dividend equivalents | (12,150) | (11,561) | (11,126) |
| Repurchases of common stock | (29,722) | (35,253) | (45,000) |
| Proceeds from issuance of term debt, net | 24,954 | 27,114 | 11,960 |
| Repayments of term debt | (2,500) | 0 | 0 |
| Change in commercial paper, net | (397) | 2,191 | 6,306 |
| Cash used in financing activities | (20,483) | (17,716) | (37,549) |
| Increase/(Decrease) in cash and cash equivalents | (636) | 7,276 | (415) |
| Cash and cash equivalents, end of the year | 20,484 | 21,120 | 13,844 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net | 10,444 | 13,252 | 10,026 |
| Cash paid for interest | 1,316 | 514 | 339 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLE INC | ||
Ticker: AAPL Fiscal Year: 2016 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 24, 2016 10-K (Filed: Oct 26, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 24, 2016 | Sept 26, 2015 | |
| ASSETS: | ||
| Current assets: | ||
| Cash and cash equivalents | $ 20,484 | 21,120 |
| Short-term marketable securities | 46,671 | 20,481 |
| Accounts receivable, less allowances of $53 and $63, respectively | 15,754 | 16,849 |
| Inventories | 2,132 | 2,349 |
| Vendor non-trade receivables | 13,545 | 13,494 |
| Other current assets | 8,283 | 15,085 |
| Total current assets | 106,869 | 89,378 |
| Long-term marketable securities | 170,430 | 164,065 |
| Property, plant and equipment, net | 27,010 | 22,471 |
| Goodwill | 5,414 | 5,116 |
| Acquired intangible assets, net | 3,206 | 3,893 |
| Other non-current assets | 8,757 | 5,422 |
| Total assets | 321,686 | 290,345 |
| LIABILITIES AND SHAREHOLDERS EQUITY: | ||
| Current liabilities: | ||
| Accounts payable | 37,294 | 35,490 |
| Accrued expenses | 22,027 | 25,181 |
| Deferred revenue | 8,080 | 8,940 |
| Commercial paper | 8,105 | 8,499 |
| Current portion of long-term debt | 3,500 | 2,500 |
| Total current liabilities | 79,006 | 80,610 |
| Deferred revenue, non-current | 2,930 | 3,624 |
| Long-term debt | 75,427 | 53,329 |
| Other non-current liabilities | 36,074 | 33,427 |
| Total liabilities | 193,437 | 170,990 |
| Commitments and contingencies | ||
| Shareholders equity: | ||
| Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 5,336,166 and 5,578,753 shares issued and outstanding, respectively | 31,251 | 27,416 |
| Retained earnings | 96,364 | 92,284 |
| Accumulated other comprehensive income/(loss) | 634 | (345) |
| Total shareholders equity | 128,249 | 119,355 |
| Total liabilities and shareholders equity | 321,686 | 290,345 |
| External Links | |
| APPLE INC (AAPL) Fiscal Year 2016 | |
| 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 |