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: 2017 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 30, 2017 10-K (Filed: Nov 3, 2017) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 30, 2017 | Sept 24, 2016 | Sept 26, 2015 | |
| Net sales | $ 229,234 | 215,639 | 233,715 |
| Cost of sales | 141,048 | 131,376 | 140,089 |
| Gross margin | 88,186 | 84,263 | 93,626 |
| Operating expenses: | |||
| Research and development | 11,581 | 10,045 | 8,067 |
| Selling, general and administrative | 15,261 | 14,194 | 14,329 |
| Total operating expenses | 26,842 | 24,239 | 22,396 |
| Operating income | 61,344 | 60,024 | 71,230 |
| Other income/(expense), net | 2,745 | 1,348 | 1,285 |
| Income before provision for income taxes | 64,089 | 61,372 | 72,515 |
| Provision for income taxes | 15,738 | 15,685 | 19,121 |
| Net income | 48,351 | 45,687 | 53,394 |
| Earnings per share: | |||
| Basic (in dollars per share) | 9.27 | 8.35 | 9.28 |
| Diluted (in dollars per share) | 9.21 | 8.31 | 9.22 |
| Shares used in computing earnings per share: | |||
| Basic (in shares) | 5,217,242 | 5,470,820 | 5,753,421 |
| Diluted (in shares) | 5,251,692 | 5,500,281 | 5,793,069 |
| Cash dividends declared per share (in dollars per share) | 2.40 | 2.18 | 1.98 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2017 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Sept 30, 2017 10-K (Filed: Nov 3, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 30, 2017 | Sept 24, 2016 | Sept 26, 2015 | |
| Net income | $ 48,351 | 45,687 | 53,394 |
| Other comprehensive income/(loss): | |||
| Change in foreign currency translation, net of tax effects of $(77), $8 and $201, respectively | 224 | 75 | (411) |
| Change in unrealized gains/losses on derivative instruments: | |||
| Change in fair value of derivatives, net of tax benefit/(expense) of $(478), $(7) and $(441), respectively | 1,315 | 7 | 2,905 |
| Adjustment for net (gains)/losses realized and included in net income, net of tax expense/(benefit) of $475, $131 and $630, respectively | (1,477) | (741) | (3,497) |
| Total change in unrealized gains/losses on derivative instruments, net of tax | (162) | (734) | (592) |
| Change in unrealized gains/losses on marketable securities: | |||
| Change in fair value of marketable securities, net of tax benefit/(expense) of $425, $(863) and $264, respectively | (782) | 1,582 | (483) |
| Adjustment for net (gains)/losses realized and included in net income, net of tax expense/(benefit) of $35, $(31) and $(32), respectively | (64) | 56 | 59 |
| Total change in unrealized gains/losses on marketable securities, net of tax | (846) | 1,638 | (424) |
| Total other comprehensive income/(loss) | (784) | 979 | (1,427) |
| Total comprehensive income | 47,567 | 46,666 | 51,967 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2017 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 30, 2017 10-K (Filed: Nov 3, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 30, 2017 | Sept 24, 2016 | Sept 26, 2015 | |
| Cash and cash equivalents, beginning of the year | $ 20,484 | 21,120 | |
| Operating activities: | |||
| Net income | 48,351 | 45,687 | 53,394 |
| Adjustments to reconcile net income to cash generated by operating activities: | |||
| Depreciation and amortization | 10,157 | 10,505 | 11,257 |
| Share-based compensation expense | 4,840 | 4,210 | 3,586 |
| Deferred income tax expense | 5,966 | 4,938 | 1,382 |
| Other | (166) | 486 | 385 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (2,093) | 527 | 417 |
| Inventories | (2,723) | 217 | (238) |
| Vendor non-trade receivables | (4,254) | (51) | (3,735) |
| Other current and non-current assets | (5,318) | 1,055 | (283) |
| Accounts payable | 9,618 | 1,837 | 5,001 |
| Deferred revenue | (626) | (1,554) | 1,042 |
| Other current and non-current liabilities | (154) | (2,033) | 9,058 |
| Cash generated by operating activities | 63,598 | 65,824 | 81,266 |
| Investing activities: | |||
| Purchases of marketable securities | (159,486) | (142,428) | (166,402) |
| Proceeds from maturities of marketable securities | 31,775 | 21,258 | 14,538 |
| Proceeds from sales of marketable securities | 94,564 | 90,536 | 107,447 |
| Payments made in connection with business acquisitions, net | (329) | (297) | (343) |
| Payments for acquisition of property, plant and equipment | (12,451) | (12,734) | (11,247) |
| Payments for acquisition of intangible assets | (344) | (814) | (241) |
| Payments for strategic investments, net | (395) | (1,388) | 0 |
| Other | 220 | (110) | (26) |
| Cash used in investing activities | (46,446) | (45,977) | (56,274) |
| Financing activities: | |||
| Proceeds from issuance of common stock | 555 | 495 | 543 |
| Excess tax benefits from equity awards | 627 | 407 | 749 |
| Payments for taxes related to net share settlement of equity awards | (1,874) | (1,570) | (1,499) |
| Payments for dividends and dividend equivalents | 12,769 | 12,150 | 11,561 |
| Repurchases of common stock | (32,900) | (29,722) | (35,253) |
| Proceeds from issuance of term debt, net | 28,662 | 24,954 | 27,114 |
| Repayments of term debt | (3,500) | (2,500) | 0 |
| Change in commercial paper, net | 3,852 | (397) | 2,191 |
| Cash used in financing activities | (17,347) | (20,483) | (17,716) |
| Increase/(Decrease) in cash and cash equivalents | (195) | (636) | 7,276 |
| Cash and cash equivalents, end of the year | 20,289 | 20,484 | 21,120 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net | 11,591 | 10,444 | 13,252 |
| Cash paid for interest | 2,092 | 1,316 | 514 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLE INC | ||
Ticker: AAPL Fiscal Year: 2017 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 30, 2017 10-K (Filed: Nov 3, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 30, 2017 | Sept 24, 2016 | |
| ASSETS: | ||
| Current assets: | ||
| Cash and cash equivalents | $ 20,289 | 20,484 |
| Short-term marketable securities | 53,892 | 46,671 |
| Accounts receivable, less allowances of $58 and $53, respectively | 17,874 | 15,754 |
| Inventories | 4,855 | 2,132 |
| Vendor non-trade receivables | 17,799 | 13,545 |
| Other current assets | 13,936 | 8,283 |
| Total current assets | 128,645 | 106,869 |
| Long-term marketable securities | 194,714 | 170,430 |
| Property, plant and equipment, net | 33,783 | 27,010 |
| Goodwill | 5,717 | 5,414 |
| Acquired intangible assets, net | 2,298 | 3,206 |
| Other non-current assets | 10,162 | 8,757 |
| Total assets | 375,319 | 321,686 |
| LIABILITIES AND SHAREHOLDERS EQUITY: | ||
| Current liabilities: | ||
| Accounts payable | 49,049 | 37,294 |
| Accrued expenses | 25,744 | 22,027 |
| Deferred revenue | 7,548 | 8,080 |
| Commercial paper | 11,977 | 8,105 |
| Current portion of long-term debt | 6,496 | 3,500 |
| Total current liabilities | 100,814 | 79,006 |
| Deferred revenue, non-current | 2,836 | 2,930 |
| Long-term debt | 97,207 | 75,427 |
| Other non-current liabilities | 40,415 | 36,074 |
| Total liabilities | 241,272 | 193,437 |
| Commitments and contingencies | ||
| Shareholders equity: | ||
| Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 5,126,201 and 5,336,166 shares issued and outstanding, respectively | 35,867 | 31,251 |
| Retained earnings | 98,330 | 96,364 |
| Accumulated other comprehensive income/(loss) | (150) | 634 |
| Total shareholders equity | 134,047 | 128,249 |
| Total liabilities and shareholders equity | 375,319 | 321,686 |
| External Links | |
| APPLE INC (AAPL) Fiscal Year 2017 | |
| 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 |