Question: Shown below is some information pertaining to Apple Inc.'s financial statements over a 10-year period. All amounts are shown in U.S. $ millions. Instructions (a)

Shown below is some information pertaining to Apple Inc.'s over a 10-year period. All amounts are shown in U.S. $ millions.

Instructions
(a) Based on the information provided above, assess what stage of its corporate life cycle Apple was at in each of the years shown above.
(b) Calculate the free cash flow for each year. Calculate free cash flow as a percentage of operating cash flow. Is the change in free cash flow as a percentage of operating cash flow consistent with your response to part (a) above?

2015 2010 2005 $ 81,266 $18,595 $2,535 (56,274) (13,854) (2,556) Cash provided by operating cash flows Cash used by investing cash flows Cash provided (used) by financing cash flows (17,716) 1,2 543 Capital expenditures paid during the year 11,831 ,759 281 Dividends paid during the year 11,561

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