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: 2022 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 24, 2022 10-K (Filed: Oct 28, 2022) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 24, 2022 | Sept 25, 2021 | Sept 26, 2020 | |
| Net sales | $ 394,328 | 365,817 | 274,515 |
| Cost of sales | 223,546 | 212,981 | 169,559 |
| Gross margin | 170,782 | 152,836 | 104,956 |
| Operating expenses: | |||
| Research and development | 26,251 | 21,914 | 18,752 |
| Selling, general and administrative | 25,094 | 21,973 | 19,916 |
| Total operating expenses | 51,345 | 43,887 | 38,668 |
| Operating income | 119,437 | 108,949 | 66,288 |
| Other income/(expense), net | (334) | 258 | 803 |
| Income before provision for income taxes | 119,103 | 109,207 | 67,091 |
| Provision for income taxes | 19,300 | 14,527 | 9,680 |
| Net income | 99,803 | 94,680 | 57,411 |
| Earnings per share: | |||
| Basic (in dollars per share) | 6.15 | 5.67 | 3.31 |
| Diluted (in dollars per share) | 6.11 | 5.61 | 3.28 |
| Shares used in computing earnings per share: | |||
| Basic (in shares) | 16,215,963 | 16,701,272 | 17,352,119 |
| Diluted (in shares) | 16,325,819 | 16,864,919 | 17,528,214 |
| Product and Service | |||
| Products | |||
| Net sales | 316,199 | 297,392 | 220,747 |
| Cost of sales | 201,471 | 192,266 | 151,286 |
| Services | |||
| Net sales | 78,129 | 68,425 | 53,768 |
| Cost of sales | 22,075 | 20,715 | 18,273 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2022 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Sept 24, 2022 10-K (Filed: Oct 28, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 24, 2022 | Sept 25, 2021 | Sept 26, 2020 | |
| Net income | $ 99,803 | 94,680 | 57,411 |
| Other comprehensive income/(loss): | |||
| Change in foreign currency translation, net of tax | (1,511) | 501 | 88 |
| Change in unrealized gains/losses on derivative instruments, net of tax: | |||
| Change in fair value of derivative instruments | 3,212 | 32 | 79 |
| Adjustment for net (gains)/losses realized and included in net income | (1,074) | 1,003 | (1,264) |
| Total change in unrealized gains/losses on derivative instruments | 2,138 | 1,035 | (1,185) |
| Change in unrealized gains/losses on marketable debt securities, net of tax: | |||
| Change in fair value of marketable debt securities | (12,104) | (694) | 1,202 |
| Adjustment for net (gains)/losses realized and included in net income | 205 | (273) | (63) |
| Total change in unrealized gains/losses on marketable debt securities | (11,899) | (967) | 1,139 |
| Total other comprehensive income/(loss) | (11,272) | 569 | 42 |
| Total comprehensive income | 88,531 | 95,249 | 57,453 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLE INC | |||
Ticker: AAPL Fiscal Year: 2022 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 24, 2022 10-K (Filed: Oct 28, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 24, 2022 | Sept 25, 2021 | Sept 26, 2020 | |
| Cash, cash equivalents and restricted cash, beginning balances | $ 35,929 | 39,789 | |
| Operating activities: | |||
| Net income | 99,803 | 94,680 | 57,411 |
| Adjustments to reconcile net income to cash generated by operating activities: | |||
| Depreciation and amortization | 11,104 | 11,284 | 11,056 |
| Share-based compensation expense | 9,038 | 7,906 | 6,829 |
| Deferred income tax expense/(benefit) | 895 | (4,774) | (215) |
| Other | 111 | (147) | (97) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (1,823) | (10,125) | 6,917 |
| Inventories | 1,484 | (2,642) | (127) |
| Vendor non-trade receivables | (7,520) | (3,903) | 1,553 |
| Other current and non-current assets | (6,499) | (8,042) | (9,588) |
| Accounts payable | 9,448 | 12,326 | (4,062) |
| Deferred revenue | 478 | 1,676 | 2,081 |
| Other current and non-current liabilities | 5,632 | 5,799 | 8,916 |
| Cash generated by operating activities | 122,151 | 104,038 | 80,674 |
| Investing activities: | |||
| Purchases of marketable securities | (76,923) | (109,558) | (114,938) |
| Proceeds from maturities of marketable securities | 29,917 | 59,023 | 69,918 |
| Proceeds from sales of marketable securities | 37,446 | 47,460 | 50,473 |
| Payments for acquisition of property, plant and equipment | (10,708) | (11,085) | (7,309) |
| Payments made in connection with business acquisitions, net | (306) | (33) | (1,524) |
| Other | (1,780) | (352) | (909) |
| Cash used in investing activities | (22,354) | (14,545) | (4,289) |
| Financing activities: | |||
| Payments for taxes related to net share settlement of equity awards | (6,223) | (6,556) | (3,634) |
| Payments for dividends and dividend equivalents | (14,841) | (14,467) | (14,081) |
| Repurchases of common stock | (89,402) | (85,971) | (72,358) |
| Proceeds from issuance of term debt, net | 5,465 | 20,393 | 16,091 |
| Repayments of term debt | (9,543) | (8,750) | (12,629) |
| Proceeds from/(Repayments of) commercial paper, net | 3,955 | 1,022 | (963) |
| Other | (160) | 976 | 754 |
| Cash used in financing activities | (110,749) | (93,353) | (86,820) |
| Decrease in cash, cash equivalents and restricted cash | (10,952) | (3,860) | (10,435) |
| Cash, cash equivalents and restricted cash, ending balances | 24,977 | 35,929 | 39,789 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net | 19,573 | 25,385 | 9,501 |
| Cash paid for interest | 2,865 | 2,687 | 3,002 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLE INC | ||
Ticker: AAPL Fiscal Year: 2022 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 24, 2022 10-K (Filed: Oct 28, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 24, 2022 | Sept 25, 2021 | |
| ASSETS: | ||
| Current assets: | ||
| Cash and cash equivalents | $ 23,646 | 34,940 |
| Marketable securities | 24,658 | 27,699 |
| Accounts receivable, net | 28,184 | 26,278 |
| Inventories | 4,946 | 6,580 |
| Vendor non-trade receivables | 32,748 | 25,228 |
| Other current assets | 21,223 | 14,111 |
| Total current assets | 135,405 | 134,836 |
| Non-current assets: | ||
| Marketable securities | 120,805 | 127,877 |
| Property, plant and equipment, net | 42,117 | 39,440 |
| Other non-current assets | 54,428 | 48,849 |
| Total non-current assets | 217,350 | 216,166 |
| Total assets | 352,755 | 351,002 |
| LIABILITIES AND SHAREHOLDERS EQUITY: | ||
| Current liabilities: | ||
| Accounts payable | 64,115 | 54,763 |
| Other current liabilities | 60,845 | 47,493 |
| Deferred revenue | 7,912 | 7,612 |
| Commercial paper | 9,982 | 6,000 |
| Term debt | 11,128 | 9,613 |
| Total current liabilities | 153,982 | 125,481 |
| Non-current liabilities: | ||
| Term debt | 98,959 | 109,106 |
| Other non-current liabilities | 49,142 | 53,325 |
| Total non-current liabilities | 148,101 | 162,431 |
| Total liabilities | 302,083 | 287,912 |
| Commitments and contingencies | ||
| Shareholders equity: | ||
| Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 15,943,425 and 16,426,786 shares issued and outstanding, respectively | 64,849 | 57,365 |
| Retained earnings/(Accumulated deficit) | (3,068) | 5,562 |
| Accumulated other comprehensive income/(loss) | (11,109) | 163 |
| Total shareholders equity | 50,672 | 63,090 |
| Total liabilities and shareholders equity | 352,755 | 351,002 |
| External Links | |
| APPLE INC (AAPL) Fiscal Year 2022 | |
| 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 |