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Apple Inc (NMS: AAPL)

Company Financials

Income Statement

Exchange rate used is that of the Year End

reported date

As Reported Annual Income Statement

Report Date 09/26/2020

Currency USD

Audit Status Not Qualified

Consolidated Yes

Scale Thousands

Products

Services

Net sales 100.00%

Cost of sales - products 55.11%

Cost of sales - services 6.66%

Cost of sales 61.77%

Gross margin 38.23%

Research & development expense 6.83%

Selling, general & administrative expense 7.25%

Total operating expenses 14.09%

Operating income (loss) 24.15%

Interest & dividend income 1.37%

Interest expense 1.05%

Other income (expense), net -0.03%

Other income/(expense), net 0.29%

Income (loss) before provision for income taxes 24.44%

Current federal income tax expense (benefit) 2.30%

Deferred federal income tax expense (benefit) -1.32%

Total federal income tax expense (benefit) 0.98%

Current state income tax expense (benefit) 0.17%

Deferred state income tax expense (benefit) 0.01%

Total state income tax expense (benefit) 0.17%

Current foreign income tax expense (benefit) 1.14%

Deferred foreign income tax expense (benefit) 1.23%

Total foreign income tax expense (benefit) 2.37%

Provision for (benefit from) income taxes 3.53%

Net income (loss) 20.91%

Weighted average shares outstanding - basic 6.32%

Weighted average shares outstanding - diluted 6.39%

Year end shares outstanding 6.18%

Net earnings (loss) per share - basic 0.00%

Net earnings (loss) per share - diluted 0.00%

Cash dividends declared per share 0.00%

Number of full time employees 0.05%

Number of common stockholders 0.01%

Foreign currency translation adjustments 0.03%

Balance Sheet

Exchange rate used is that of the Year End

reported date

As Reported Annual Balance Sheet

Report Date 9/26/2020

Currency USD

Audit Status Not Qualified

Consolidated Yes

Scale Thousands

Cash & cash equivalents 21.10%

Marketable securities 29.38%

Accounts receivable, net 8.95%

Inventories 2.25%

Vendor non-trade receivables 11.84%

Other current assets 6.25%

Total current assets 79.76%

Marketable securities 55.99%

Land & buildings 9.96%

Machinery, equipment, & internal-use software 41.79%

Leasehold improvements 5.71%

Gross property, plant & equipment 57.46%

Accumulated depreciation & amortization 37.05%

Property, plant & equipment, net 20.41%

Other non-current assets 23.60%

Total non-current assets 100.00%

Total assets 100.00%

Accounts payable 23.47%

Deferred revenue 3.69%

Other current liabilities 23.69%

Commercial paper 2.77%

Term debt 4.87%

Current portion of long-term debt NM

Total current liabilities 58.49%

Deferred revenue NM

Floating & fixed-rate notes 58.87%

Total debt 58.87%

Unamortized discount -0.17%

Hedge accounting fair value adjustments 0.93%

Less: current portion of long-term debt 4.87%

Term debt 54.76%

Long-term taxes payable 15.63%

Deferred tax liabilities NM

Other non-current liabilities 14.61%

Other non-current liabilities 30.24%

Total non-current liabilities 85.00%

Total liabilities 143.50%

Common stock 28.18%

Retained earnings 8.31%

Cumulative foreign currency translation -0.76%

Unrecognized gains (losses) on derivative instruments -0.49%

Unrealized gains (losses) on marketable securities 1.02%

Accumulated other comprehensive income (loss) -0.23%

Total shareholders' equity 36.26%

Cash Flows

Exchange rate used is that of the Year End

reported date

As Reported Annual Cash Flow

Report Date

Currency

Audit Status

Consolidated

Scale

Net income (loss)

Depreciation & amortization

Share-based compensation expense

Deferred income tax expense (benefit)

Other adjustments

Accounts receivable, net

Inventories

Vendor non-trade receivables

Other current & non-current assets

Accounts payable

Deferred revenue

Other current & non-current liabilities

Net cash flows from operating activities

Purchases of marketable securities

Proceeds from maturities of marketable securities

Proceeds from sales of marketable securities

Payments made in connection with business acquisitions, net

Purchases of non-marketable securities

Proceeds from non-marketable securities

Payments for acquisition of property, plant & equipment

Other cash flow from investing activities

Net cash flows from investing activities

Proceeds from issuance of common stock

Payments for taxes related to net share settlement of equity awards

Payments for dividends & dividend equivalents

Repurchases of common stock

Proceeds from issuance of term debt, net

Repayments of term debt

Proceeds from/(repayments of) commercial paper, net

Other cash flows from financing activities

Net cash flows from financing activities

Net increase (decrease) in cash, cash equivalents & restricted cash

Cash, cash equivalents & restricted cash, beginning balances

Cash, cash equivalents & restricted cash, ending balances

Increase (decrease) in cash & cash equivalents

Cash & cash equivalents, beginning of the year

Cash & cash equivalents, end of the year

Cash paid (received) for income taxes, net

Cash paid for interest

09/28/2019 09/29/2018

USD USD

Not Qualified Not Qualified

Yes Yes

Thousands Thousands

100.00% 100.00%

55.73% NM

6.45% NM

62.18% NM

37.82% 0.62189477

6.23% 0.139789275

7.01% 1.173433549

13.25% 1.85219994

24.57% 2.291393297

1.91% 0.080199724

1.37% 0.569820612

0.16% -0.136111111

0.69% -4.546485261

25.27% 36.3605985

2.45% 0.568220787

-1.13% -0.816391068

1.32% -0.224903161

0.18% 0.072442808

-0.03% 0.087114338

0.16% 12.47916667

1.52% 6.65442404

1.02% 0.296287005

2.55% 4.375105843

4.03% 2.587962067

21.24% 4.451914448

7.10% 0.332961113

7.15% 1.009026962

6.83% 0.950976469

0.00% 1.57887E-07

0.00% 0.991674992

0.00% 0.228341169

0.05% 194117.6471

0.01% 0.179621212

-0.16% -22.14255588

09/28/2019 09/29/2018

USD USD

Not Qualified Not Qualified

Yes Yes

Thousands Thousands

14.43% 14.43%

15.28% 15.28%

6.77% 6.77%

1.21% 1.21%

6.76% 6.76%

3.65% 3.65%

48.10% 48.10%

31.12% 31.12%

5.05% 5.05%

20.62% 20.62%

2.68% 2.68%

28.35% 28.35%

17.30% 17.30%

11.04% 11.04%

9.74% 9.74%

51.90% 51.90%

100.00% 100.00%

13.66% 13.66%

1.63% 1.63%

11.14% 11.14%

1.77% 1.77%

3.03% 3.03%

NM NM

31.23% 31.23%

NM NM

30.04% 30.04%

30.04% 30.04%

-0.07% -0.07%

0.18% 0.18%

3.03% 3.03%

27.12% 27.12%

8.73% 8.73%

NM NM

6.19% 6.19%

14.92% 14.92%

42.04% 42.04%

73.27% 73.27%

13.34% 13.34%

13.56% 13.56%

-0.43% -0.43%

0.05% 0.05%

0.21% 0.21%

-0.17% -0.17%

26.73% 26.73%