Accounting
Hallsd
Unit5Projectassistance.xlsxAAPL Income Statement
| APPLE INC (AAPL) CashFlowFlag INCOME STATEMENT | APPLE INC (AAPL) CashFlowFlag INCOME STATEMENT | |||
| Fiscal year ends in September. USD in millions except per share data. | 9/24/16 | 9/26/15 | 9/27/14 | 9/28/13 |
| Revenue | $ 215,639 | $ 233,715 | $ 182,795 | $ 170,910 |
| Cost of revenue | $ 131,376 | $ 140,089 | $ 112,258 | $ 106,606 |
| Gross profit | $ 84,263 | $ 93,626 | $ 70,537 | $ 64,304 |
| Operating expenses | ||||
| Research and development | $ 10,045 | $ 8,067 | $ 6,041 | $ 4,475 |
| Sales, General and administrative | $ 14,194 | $ 14,329 | $ 11,993 | $ 10,830 |
| Total operating expenses | $ 24,239 | $ 22,396 | $ 18,034 | $ 15,305 |
| Operating income | $ 60,024 | $ 71,230 | $ 52,503 | $ 48,999 |
| Interest Expense | $ 1,456 | $ 733 | $ 384 | $ 136 |
| Other income (expense) | $ 2,804 | $ 2,018 | $ 1,364 | $ 1,292 |
| Income before taxes | $ 61,372 | $ 72,515 | $ 53,483 | $ 50,155 |
| Provision for income taxes | $ 15,685 | $ 19,121 | $ 13,973 | $ 13,118 |
| Net income from continuing operations | $ 45,687 | $ 53,394 | $ 39,510 | $ 37,037 |
| Net income | $ 45,687 | $ 53,394 | $ 39,510 | $ 37,037 |
| Net income available to common shareholders | $ 45,687 | $ 53,394 | $ 39,510 | $ 37,037 |
AAPL Balance Sheet
| APPLE INC (AAPL) CashFlowFlag BALANCE SHEET | ||||
| Fiscal year ends in September. USD in millions except per share data. | 9/24/16 | 9/26/15 | 9/27/14 | 9/28/13 |
| Assets | ||||
| Current assets | ||||
| Cash | ||||
| Cash and cash equivalents | $ 20,484 | $ 21,120 | $ 13,844 | $ 14,259 |
| Short-term investments | $ 46,671 | $ 20,481 | $ 11,233 | $ 26,287 |
| Total cash | $ 67,155 | $ 41,601 | $ 25,077 | $ 40,546 |
| Receivables | $ 15,754 | $ 16,849 | $ 17,460 | $ 13,102 |
| Inventories | $ 2,132 | $ 2,349 | $ 2,111 | $ 1,764 |
| Deferred income taxes | $ - 0 | $ 5,546 | $ 4,318 | $ 3,453 |
| Other current assets | $ 21,828 | $ 23,033 | $ 19,565 | $ 14,421 |
| Total current assets | $ 106,869 | $ 89,378 | $ 68,531 | $ 73,286 |
| Non-current assets | ||||
| Property, plant and equipment | ||||
| Gross property, plant and equipment | $ 61,245 | $ 49,257 | $ 39,015 | $ 28,519 |
| Accumulated Depreciation | $ (34,235) | $ (26,786) | $ (18,391) | $ (11,922) |
| Net property, plant and equipment | $ 27,010 | $ 22,471 | $ 20,624 | $ 16,597 |
| Equity and other investments | $ 170,430 | $ 164,065 | $ 130,162 | $ 106,215 |
| Goodwill | $ 5,414 | $ 5,116 | $ 4,616 | $ 1,577 |
| Intangible assets | $ 3,206 | $ 3,893 | $ 4,142 | $ 4,179 |
| Other long-term assets | $ 8,757 | $ 5,556 | $ 3,764 | $ 5,146 |
| Total non-current assets | $ 214,817 | $ 201,101 | $ 163,308 | $ 133,714 |
| Total assets | $ 321,686 | $ 290,479 | $ 231,839 | $ 207,000 |
| Liabilities and stockholders' equity | ||||
| Liabilities | ||||
| Current liabilities | ||||
| Short-term debt | $ 11,605 | $ 10,999 | $ 6,308 | $ - 0 |
| Accounts payable | $ 37,294 | $ 35,490 | $ 30,196 | $ 22,367 |
| Taxes payable | $ - 0 | $ - 0 | $ 1,209 | $ 1,200 |
| Accrued liabilities | $ 22,027 | $ 25,181 | $ 7,689 | $ 5,217 |
| Deferred revenues | $ 8,080 | $ 8,940 | $ 9,548 | $ 7,435 |
| Other current liabilities | $ - 0 | $ - 0 | $ 8,498 | $ 7,439 |
| Total current liabilities | $ 79,006 | $ 80,610 | $ 63,448 | $ 43,658 |
| Non-current liabilities | ||||
| Long-term debt | $ 75,427 | $ 53,463 | $ 28,987 | $ 16,960 |
| Deferred taxes liabilities | $ 26,019 | $ 24,062 | $ 20,259 | $ 16,489 |
| Deferred revenues | $ 2,930 | $ 3,624 | $ 3,031 | $ 2,625 |
| Other long-term liabilities | $ 10,055 | $ 9,365 | $ 4,567 | $ 3,719 |
| Total non-current liabilities | $ 114,431 | $ 90,514 | $ 56,844 | $ 39,793 |
| Total liabilities | $ 193,437 | $ 171,124 | $ 120,292 | $ 83,451 |
| Stockholders' equity | ||||
| Common stock | $ 31,251 | $ 27,416 | $ 23,313 | $ - 0 |
| Additional paid-in capital | $ - 0 | $ - 0 | $ - 0 | $ 19,764 |
| Retained earnings | $ 96,364 | $ 92,284 | $ 87,152 | $ 104,256 |
| Accumulated other comprehensive income | $ 634 | $ (345) | $ 1,082 | $ (471) |
| Total stockholders' equity | $ 128,249 | $ 119,355 | $ 111,547 | $ 123,549 |
| Total liabilities and stockholders' equity | $ 321,686 | $ 290,479 | $ 231,839 | $ 207,000 |
APPL Cash Flow
| APPLE INC (AAPL) Statement of CASH FLOW | ||||
| Fiscal year ends in September. USD in millions except per share data. | 9/24/16 | 9/26/15 | 9/27/14 | 9/28/13 |
| Cash Flows From Operating Activities | ||||
| Net income | $ 45,687 | $ 53,394 | $ 39,510 | $ 37,037 |
| Depreciation & amortization | $ 10,505 | $ 11,257 | $ 7,946 | $ 6,757 |
| Deferred income taxes | $ 4,938 | $ 1,382 | $ 2,347 | $ 1,141 |
| Stock based compensation | $ 4,210 | $ 3,586 | $ 2,863 | $ 2,253 |
| Accounts receivable | $ 1,095 | $ 611 | $ (4,232) | $ (2,172) |
| Inventory | $ 217 | $ (238) | $ (76) | $ (973) |
| Accounts payable | $ 1,791 | $ 5,400 | $ 5,938 | $ 2,340 |
| Other working capital | $ (2,619) | $ 5,874 | $ 5,417 | $ 7,283 |
| Other non-cash items | ||||
| Net cash provided by operating activities | $ 65,824 | $ 81,266 | $ 59,713 | $ 53,666 |
| Cash Flows From Investing Activities | ||||
| Investments in property, plant, and equipment | $ (12,734) | $ (11,247) | $ (9,571) | $ (8,165) |
| Acquisitions, net | $ (297) | $ (343) | $ (3,765) | $ (496) |
| Purchases of investments | $ (143,816) | $ (166,402) | $ (217,128) | $ (148,489) |
| Sales/Maturities of investments | $ 111,794 | $ 121,985 | $ 208,111 | $ 124,447 |
| Purchases of intangibles | $ (814) | $ (241) | $ (242) | $ (911) |
| Other investing activities | $ (110) | $ (26) | $ 16 | $ (160) |
| Net cash used for investing activities | $ (45,977) | $ (56,274) | $ (22,579) | $ (33,774) |
| Cash Flows From Financing Activities | ||||
| Debt issued | $ 18,266 | $ 16,896 | ||
| Debt repayment | $ (2,500) | |||
| Common stock issued | $ 495 | $ 543 | $ 730 | $ 530 |
| Common stock repurchased | $ (29,722) | $ (35,253) | $ (45,000) | $ (22,860) |
| Dividend paid | $ (12,150) | $ (11,561) | $ (11,126) | $ (10,564) |
| Other financing activities | $ 23,394 | $ 28,555 | $ (419) | $ (381) |
| Net cash provided by (used for) financing activities | $ (20,483) | $ (17,716) | $ (37,549) | $ (16,379) |
| Net change in cash | $ (636) | $ 7,276 | $ (415) | $ 3,513 |
| Cash at beginning of period | $ 21,120 | $ 13,844 | $ 14,259 | $ 10,746 |
| Cash at end of period | $ 20,484 | $ 21,120 | $ 13,844 | $ 14,259 |
| Free Cash Flow | ||||
| Operating cash flow | $ 65,824 | $ 81,266 | $ 59,713 | $ 53,666 |
| Capital expenditure | $ (13,548) | $ (11,488) | $ (9,813) | $ (9,076) |
| Free cash flow | $ 52,276 | $ 69,778 | $ 49,900 | $ 44,590 |
