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: 2019 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 28, 2019 10-K (Filed: Oct 31, 2019) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 28, 2019 | Sept 29, 2018 | Sept 30, 2017 | |
| Net sales | $ 260,174 | 265,595 | 229,234 |
| Cost of sales | 161,782 | 163,756 | 141,048 |
| Gross margin | 98,392 | 101,839 | 88,186 |
| Operating expenses: | |||
| Research and development | 16,217 | 14,236 | 11,581 |
| Selling, general and administrative | 18,245 | 16,705 | 15,261 |
| Total operating expenses | 34,462 | 30,941 | 26,842 |
| Operating income | 63,930 | 70,898 | 61,344 |
| Other income/(expense), net | 1,807 | 2,005 | 2,745 |
| Income before provision for income taxes | 65,737 | 72,903 | 64,089 |
| Provision for income taxes | 10,481 | 13,372 | 15,738 |
| Net income | 55,256 | 59,531 | 48,351 |
| Earnings per share: | |||
| Basic (in dollars per share) | 11.97 | 12.01 | 9.27 |
| Diluted (in dollars per share) | 11.89 | 11.91 | 9.21 |
| Shares used in computing earnings per share: | |||
| Basic (in shares) | 4,617,834 | 4,955,377 | 5,217,242 |
| Diluted (in shares) | 4,648,913 | 5,000,109 | 5,251,692 |
| Product and Service | |||
| Products | |||
| Net sales | 213,883 | 225,847 | 196,534 |
| Cost of sales | 144,996 | 148,164 | 126,337 |
| Services | |||
| Net sales | 46,291 | 39,748 | 32,700 |
| Cost of sales | 16,786 | 15,592 | 14,711 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2019 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Sept 28, 2019 10-K (Filed: Oct 31, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 28, 2019 | Sept 29, 2018 | Sept 30, 2017 | |
| Net income | $ 55,256 | 59,531 | 48,351 |
| Other comprehensive income/(loss): | |||
| Change in foreign currency translation, net of tax | (408) | (525) | 224 |
| Change in unrealized gains/losses on derivative instruments, net of tax: | |||
| Change in fair value of derivatives | (661) | 523 | 1,315 |
| Adjustment for net (gains)/losses realized and included in net income | 23 | 382 | (1,477) |
| Total change in unrealized gains/losses on derivative instruments | (638) | 905 | (162) |
| Change in unrealized gains/losses on marketable securities, net of tax: | |||
| Change in fair value of marketable securities | 3,802 | (3,407) | (782) |
| Adjustment for net (gains)/losses realized and included in net income | 25 | 1 | (64) |
| Total change in unrealized gains/losses on marketable securities | 3,827 | (3,406) | (846) |
| Total other comprehensive income/(loss) | 2,781 | (3,026) | (784) |
| Total comprehensive income | 58,037 | 56,505 | 47,567 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2019 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 28, 2019 10-K (Filed: Oct 31, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 28, 2019 | Sept 29, 2018 | Sept 30, 2017 | |
| Cash, cash equivalents and restricted cash, beginning balances | $ 25,913 | 20,289 | |
| Operating activities: | |||
| Net income | 55,256 | 59,531 | 48,351 |
| Adjustments to reconcile net income to cash generated by operating activities: | |||
| Depreciation and amortization | 12,547 | 10,903 | 10,157 |
| Share-based compensation expense | 6,068 | 5,340 | 4,840 |
| Deferred income tax expense/(benefit) | (340) | (32,590) | 5,966 |
| Other | (652) | (444) | (166) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | 245 | (5,322) | (2,093) |
| Inventories | (289) | 828 | (2,723) |
| Vendor non-trade receivables | 2,931 | (8,010) | (4,254) |
| Other current and non-current assets | 873 | (423) | (5,318) |
| Accounts payable | (1,923) | 9,175 | 8,966 |
| Deferred revenue | (625) | (3) | (593) |
| Other current and non-current liabilities | (4,700) | 38,449 | 1,092 |
| Cash generated by operating activities | 69,391 | 77,434 | 64,225 |
| Investing activities: | |||
| Purchases of marketable securities | (39,630) | (71,356) | (159,486) |
| Proceeds from maturities of marketable securities | 40,102 | 55,881 | 31,775 |
| Proceeds from sales of marketable securities | 56,988 | 47,838 | 94,564 |
| Payments for acquisition of property, plant and equipment | (10,495) | (13,313) | (12,451) |
| Payments made in connection with business acquisitions, net | (624) | (721) | (329) |
| Purchases of non-marketable securities | (1,001) | (1,871) | (521) |
| Proceeds from non-marketable securities | 1,634 | 353 | 126 |
| Other | (1,078) | (745) | (124) |
| Cash generated by/(used in) investing activities | 45,896 | 16,066 | (46,446) |
| Financing activities: | |||
| Proceeds from issuance of common stock | 781 | 669 | 555 |
| Payments for taxes related to net share settlement of equity awards | (2,817) | (2,527) | (1,874) |
| Payments for dividends and dividend equivalents | 14,119 | 13,712 | 12,769 |
| Repurchases of common stock | (66,897) | (72,738) | (32,900) |
| Proceeds from issuance of term debt, net | 6,963 | 6,969 | 28,662 |
| Repayments of term debt | (8,805) | (6,500) | (3,500) |
| Proceeds from/(Repayments of) commercial paper, net | (5,977) | (37) | 3,852 |
| Other | (105) | 0 | 0 |
| Cash used in financing activities | (90,976) | (87,876) | (17,974) |
| Increase/(Decrease) in cash, cash equivalents and restricted cash | 24,311 | 5,624 | (195) |
| Cash, cash equivalents and restricted cash, ending balances | 50,224 | 25,913 | 20,289 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net | 15,263 | 10,417 | 11,591 |
| Cash paid for interest | 3,423 | 3,022 | 2,092 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLE INC | ||
Ticker: AAPL Fiscal Year: 2019 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 28, 2019 10-K (Filed: Oct 31, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 28, 2019 | Sept 29, 2018 | |
| ASSETS: | ||
| Current assets: | ||
| Cash and cash equivalents | $ 48,844 | 25,913 |
| Marketable securities | 51,713 | 40,388 |
| Accounts receivable, net | 22,926 | 23,186 |
| Inventories | 4,106 | 3,956 |
| Vendor non-trade receivables | 22,878 | 25,809 |
| Other current assets | 12,352 | 12,087 |
| Total current assets | 162,819 | 131,339 |
| Non-current assets: | ||
| Marketable securities | 105,341 | 170,799 |
| Property, plant and equipment, net | 37,378 | 41,304 |
| Other non-current assets | 32,978 | 22,283 |
| Total non-current assets | 175,697 | 234,386 |
| Total assets | 338,516 | 365,725 |
| LIABILITIES AND SHAREHOLDERS EQUITY: | ||
| Current liabilities: | ||
| Accounts payable | 46,236 | 55,888 |
| Other current liabilities | 37,720 | 33,327 |
| Deferred revenue | 5,522 | 5,966 |
| Commercial paper | 5,980 | 11,964 |
| Term debt | 10,260 | 8,784 |
| Total current liabilities | 105,718 | 115,929 |
| Non-current liabilities: | ||
| Term debt | 91,807 | 93,735 |
| Other non-current liabilities | 50,503 | 48,914 |
| Total non-current liabilities | 142,310 | 142,649 |
| Total liabilities | 248,028 | 258,578 |
| Commitments and contingencies | ||
| Shareholders equity: | ||
| Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 4,443,236 and 4,754,986 shares issued and outstanding, respectively | 45,174 | 40,201 |
| Retained earnings | 45,898 | 70,400 |
| Accumulated other comprehensive income/(loss) | (584) | (3,454) |
| Total shareholders equity | 90,488 | 107,147 |
| Total liabilities and shareholders equity | 338,516 | 365,725 |
| External Links | |
| APPLE INC (AAPL) Fiscal Year 2019 | |
| 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 |