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: 2020 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 26, 2020 10-K (Filed: Oct 30, 2020) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 26, 2020 | Sept 28, 2019 | Sept 29, 2018 | |
| Net sales | $ 274,515 | 260,174 | 265,595 |
| Cost of sales | 169,559 | 161,782 | 163,756 |
| Gross margin | 104,956 | 98,392 | 101,839 |
| Operating expenses: | |||
| Research and development | 18,752 | 16,217 | 14,236 |
| Selling, general and administrative | 19,916 | 18,245 | 16,705 |
| Total operating expenses | 38,668 | 34,462 | 30,941 |
| Operating income | 66,288 | 63,930 | 70,898 |
| Other income/(expense), net | 803 | 1,807 | 2,005 |
| Income before provision for income taxes | 67,091 | 65,737 | 72,903 |
| Provision for income taxes | 9,680 | 10,481 | 13,372 |
| Net income | 57,411 | 55,256 | 59,531 |
| Earnings per share: | |||
| Basic (in dollars per share) | 3.31 | 2.99 | 3.00 |
| Diluted (in dollars per share) | 3.28 | 2.97 | 2.98 |
| Shares used in computing earnings per share: | |||
| Basic (in shares) | 17,352,119 | 18,471,336 | 19,821,510 |
| Diluted (in shares) | 17,528,214 | 18,595,651 | 20,000,435 |
| Product and Service | |||
| Products | |||
| Net sales | 220,747 | 213,883 | 225,847 |
| Cost of sales | 151,286 | 144,996 | 148,164 |
| Services | |||
| Net sales | 53,768 | 46,291 | 39,748 |
| Cost of sales | 18,273 | 16,786 | 15,592 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2020 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Sept 26, 2020 10-K (Filed: Oct 30, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 26, 2020 | Sept 28, 2019 | Sept 29, 2018 | |
| Net income | $ 57,411 | 55,256 | 59,531 |
| Other comprehensive income/(loss): | |||
| Change in foreign currency translation, net of tax | 88 | (408) | (525) |
| Change in unrealized gains/losses on derivative instruments, net of tax: | |||
| Change in fair value of derivatives | 79 | ||
| Change in fair value of derivatives | (661) | 523 | |
| Adjustment for net (gains)/losses realized and included in net income | (1,264) | ||
| Adjustment for net (gains)/losses realized and included in net income | 23 | 382 | |
| Total change in unrealized gains/losses on derivative instruments | (1,185) | ||
| Total change in unrealized gains/losses on derivative instruments | (638) | 905 | |
| Change in unrealized gains/losses on marketable debt securities, net of tax: | |||
| Change in fair value of marketable debt securities | 1,202 | 3,802 | (3,407) |
| Adjustment for net (gains)/losses realized and included in net income | (63) | 25 | 1 |
| Total change in unrealized gains/losses on marketable debt securities | 1,139 | 3,827 | (3,406) |
| Total other comprehensive income/(loss) | 42 | 2,781 | (3,026) |
| Total comprehensive income | 57,453 | 58,037 | 56,505 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2020 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 26, 2020 10-K (Filed: Oct 30, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 26, 2020 | Sept 28, 2019 | Sept 29, 2018 | |
| Cash, cash equivalents and restricted cash, beginning balances | $ 50,224 | 25,913 | |
| Operating activities: | |||
| Net income | 57,411 | 55,256 | 59,531 |
| Adjustments to reconcile net income to cash generated by operating activities: | |||
| Depreciation and amortization | 11,056 | 12,547 | 10,903 |
| Share-based compensation expense | 6,829 | 6,068 | 5,340 |
| Deferred income tax benefit | (215) | (340) | (32,590) |
| Other | (97) | (652) | (444) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | 6,917 | 245 | (5,322) |
| Inventories | (127) | (289) | 828 |
| Vendor non-trade receivables | 1,553 | 2,931 | (8,010) |
| Other current and non-current assets | (9,588) | 873 | (423) |
| Accounts payable | (4,062) | (1,923) | 9,175 |
| Deferred revenue | 2,081 | (625) | (3) |
| Other current and non-current liabilities | 8,916 | (4,700) | 38,449 |
| Cash generated by operating activities | 80,674 | 69,391 | 77,434 |
| Investing activities: | |||
| Purchases of marketable securities | (114,938) | (39,630) | (71,356) |
| Proceeds from maturities of marketable securities | 69,918 | 40,102 | 55,881 |
| Proceeds from sales of marketable securities | 50,473 | 56,988 | 47,838 |
| Payments for acquisition of property, plant and equipment | (7,309) | (10,495) | (13,313) |
| Payments made in connection with business acquisitions, net | (1,524) | (624) | (721) |
| Purchases of non-marketable securities | (210) | (1,001) | (1,871) |
| Proceeds from non-marketable securities | 92 | 1,634 | 353 |
| Other | (791) | (1,078) | (745) |
| Cash generated by/(used in) investing activities | (4,289) | 45,896 | 16,066 |
| Financing activities: | |||
| Proceeds from issuance of common stock | 880 | 781 | 669 |
| Payments for taxes related to net share settlement of equity awards | (3,634) | (2,817) | (2,527) |
| Payments for dividends and dividend equivalents | (14,081) | (14,119) | (13,712) |
| Repurchases of common stock | (72,358) | (66,897) | (72,738) |
| Proceeds from issuance of term debt, net | 16,091 | 6,963 | 6,969 |
| Repayments of term debt | (12,629) | (8,805) | (6,500) |
| Repayments of commercial paper, net | (963) | (5,977) | (37) |
| Other | (126) | (105) | 0 |
| Cash used in financing activities | (86,820) | (90,976) | (87,876) |
| Increase/(Decrease) in cash, cash equivalents and restricted cash | (10,435) | 24,311 | 5,624 |
| Cash, cash equivalents and restricted cash, ending balances | 39,789 | 50,224 | 25,913 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net | 9,501 | 15,263 | 10,417 |
| Cash paid for interest | 3,002 | 3,423 | 3,022 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLE INC | ||
Ticker: AAPL Fiscal Year: 2020 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 26, 2020 10-K (Filed: Oct 30, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 26, 2020 | Sept 28, 2019 | |
| ASSETS: | ||
| Current assets: | ||
| Cash and cash equivalents | $ 38,016 | 48,844 |
| Marketable securities | 52,927 | 51,713 |
| Accounts receivable, net | 16,120 | 22,926 |
| Inventories | 4,061 | 4,106 |
| Vendor non-trade receivables | 21,325 | 22,878 |
| Other current assets | 11,264 | 12,352 |
| Total current assets | 143,713 | 162,819 |
| Non-current assets: | ||
| Marketable securities | 100,887 | 105,341 |
| Property, plant and equipment, net | 36,766 | 37,378 |
| Other non-current assets | 42,522 | 32,978 |
| Total non-current assets | 180,175 | 175,697 |
| Total assets | 323,888 | 338,516 |
| LIABILITIES AND SHAREHOLDERS EQUITY: | ||
| Current liabilities: | ||
| Accounts payable | 42,296 | 46,236 |
| Other current liabilities | 42,684 | 37,720 |
| Deferred revenue | 6,643 | 5,522 |
| Commercial paper | 4,996 | 5,980 |
| Term debt | 8,773 | 10,260 |
| Total current liabilities | 105,392 | 105,718 |
| Non-current liabilities: | ||
| Term debt | 98,667 | 91,807 |
| Other non-current liabilities | 54,490 | 50,503 |
| Total non-current liabilities | 153,157 | 142,310 |
| Total liabilities | 258,549 | 248,028 |
| Commitments and contingencies | ||
| Shareholders equity: | ||
| Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,976,763 and 17,772,945 shares issued and outstanding, respectively | 50,779 | 45,174 |
| Retained earnings | 14,966 | 45,898 |
| Accumulated other comprehensive income/(loss) | (406) | (584) |
| Total shareholders equity | 65,339 | 90,488 |
| Total liabilities and shareholders equity | 323,888 | 338,516 |
| External Links | |
| APPLE INC (AAPL) Fiscal Year 2020 | |
| 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 |