Apple Inc CONSOLIDATED BALANCE SHEET (In millions, except number of shares which are reflected in thousands...

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Apple Inc CONSOLIDATED BALANCE SHEET (In millions, except number of shares which are reflected in thousands and per share amounts) ASSETS CURRENT ASSETS: Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets TOTAL CURRENT ASSETS NON-CURRENT ASSETS Marketable securities Property, plant and equipment, net Other non-current assets TOTAL NON-CURRENT ASSETS Sept. 24, Sept. 24, Sept. 24, 2023 2022 2021 Sept. 26, 2020 29,965 $ 23,646 $ 34,940 $ 38,016 31,590 24,658 27,699 52,927 29,508 28,184 26,278 16,120 31,477 4,946 6,580 4,061 6,331 32,748 25,228 21,325 14,695 21,223 14,111 11,264 143,566 135,405 134,836 143,713 100,544 120,805 127,877 100,887 43,715 42,117 39,440 36,766 64,758 54,428 48,849 42,522 209,017 217,350 216,166 180,175 TOTAL ASSETS $ 352,583 $ 352,755 $ 351,002 $ 323,888 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts Payable Other current liabilities Deferred revenue Commercial paper Term debt TOTAL CURRENT LIABILITIES $ 62,611 $ 64,115 $ 54,763 $ 42,296 58,829 60,845 47,493 42,684 8,061 7,912 7,612 6,643 5,985 9,982 6,000 4,996 9,822 11,128 9,613 8,773 145,308 153,982 125,481 105,392 NON-CURRENT LIABILITIES Term Debt Other non-current liabilities TOTAL NON-CURRENT LIABILITIES TOTAL LIABILITIES 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 Retained earnings/(Accumulated deficit) Accumulated other comprehensive income/(loss) TOTAL SHAREHOLDERS EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 95,281 98,959 109,106 98,667 49,848 49,142 53,325 54,490 145,129 148,101 162,431 153,157 290,437 302,083 287,912 258,549 73,812 (214) 64,849 57,365 50,779 (3,068) 5,562 14,966 (11,452) (11,109) 163 (406) 62,146 50,672 63,090 65,339 352,583 $ 352,755 $ 351,002 $ 323,888 Apple Inc CONSOLIDATED STATEMENT OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Sept. 30 2023 Sept. 24, 2022 Sept. 24, 2021 Sept. 26, 2020 Cash, cash equivalents and restricted cash, beginning balances OPERATING ACTIVITIES: Net Income Adjustments to reconcile net income to cash generated by operating activities Depreciation and amortization share-based compensation expense $ 24,977 $ 35,929 $ 39,789 $ 50,224 96,995 99,803 94,680 57,411 11,519 11,104 11,284 11,056 10,833 9,038 7,906 6,829 Other Changes in operating assets and liabilities: Accounts receivable, net Inventories Vendor non-trade receivables Other current and non-current assets Accounts Payable -2,227 1,006 -4,921 (312) (1,688) (1,823) (10,125) 6,917 1,271 1,484 (3,903) (127) (1,618) (7,520) (2,642) 1,553 (5,684) (6,499) (8,042) (9,588) (1,889) 9,448 12,326 (4,062) Other current and non-current liabilities 3,031 6,110 7,475 10,997 CASH GENERATED BY OPERATING ACTIVITIES 110,543 122,151 104,038 80,674 INVESTING ACTIVITES: Purchase of marketable securities (29,513) (76,923) (109,558) (114,938) Proceeds from maturities of marketable securities 39,686 29,917 59,023 69,918 Proceeds from sale of marketable securities 5,828 37,446 47,460 50,473 Payments for acquisition of property, plant and equipment (10,959) (10,708) (11,085) (7,309) Payments made in connection with business acquisitions, net (306) (33) (1,524) Other (1,337) (1,780) (352) (909) CASH USED IN INVESTING ACTIVITIES 3,705 (22,354) (14,545) (4,289) FINANCING ACTIVITIES: Payments for taxes related to net share settlement of equity award (5,431) (6,223) (6,556) (3,634) Payment for dividends and dividend equivalents (15,025) (14,841) (14,467) (14,081) Repurchases of common stock (77,550) (89,402) (85,971) (72,358) Proceeds from issuance of term debt, net 5,228 5,465 20,393 16,091 Repayment of term debt (11,151) (9,543) (8,750) (12,629) Proceeds from/(Repayments of) commercial paper, net (3,978) 3,955 1,022 (963) Other (581) (160) 976 CASH USED IN FINANCING ACTIVITIES Decrease in cash, cash equivalents and restricted cash (108,488) (110,749) (93,353) 754 (86,820) 5,760 (10,952) (3,860) (10,435) Cash, cash equivalents and restricted cash, ending balances $ 30,737 $ 24,977 $ 35,929 $ 39,789 Supplemental cash flow disclosure: Cash paid for income taxes, net Cash paid for interest es es $ 18,679 $ 19,573 $ 25,385 $ 9,501 $ 3,803 $ 2,865 $ 2,687 $ 3,002 Apple Inc CONSOLIDATED STATEMENT OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) NET SALES: Sept. 30 2023 Sept. 24, 2022 Sept. 24, 2021 Sept. 26, 2020 Products Services TOTAL NET SALES: COST OF GOODS SOLD: $ 298,085 $ 316,199 $ 297,392 $ 220,747 85,200 78,129 383,285 394,328 68,425 365,817 53,768 274,515 Products 189,282 201,471 192,266 151,286 Services 24,855 22,075 20,715 18,273 TOTAL COST OF GOODS SOLD 214,137 223,546 212,981 169,559 GROSS PROFIT 169,148 170,782 152,836 104,956 OPERATING EXPENSE: Research and development 29,915 26,251 21,914 18,752 Selling, general and administrative 24,932 25,094 21,973 19,916 Total operating expenses 54,847 51,345 43,887 38,668 Operating income 114,301 119,437 108,949 66,288 Other income/(expenses),net (565) (334) 258 803 Income before provision of income taxes 113,736 119,103 109,207 67,091 Provision for income taxes 16,741 NET INCOME $ 19,300 96,995 $ 99,803 $ 14,527 94,680 $ 9,680 57,411 EARNINGS PER SHARE: Basic $ Diluted 6.16 $ 6.13 $ 6.15 $ 6.11 $ 5.67 $ 3.31 5.61 $ 3.28 SHARES USED IN COMPUTING EARNINGS PER SHARE: Basic 15,744,231 Diluted 16,215,963| 16,701,272 17,352,119 15,812,547 16,325,819 | 16,864,919 17,528,214 3 2 points Determine the missing amount for each of the following: All numbers in the thousands can include a comma or be entered without a comma. For Example: 1,000 or 1000 Do not add a dollar sign within your answers. The transposition of data within a program is vital to obtaining accurate and correct data. Companies can lose millions of dollars if mistakes are made in the process of entering data. Be sure to double-check your answers before moving to the next question. (Each match is worth 0.5 pt.) Assets Liabilities Stockholders' Equity A: $ type your answer... = $ 266,690 + $ 833,400 B: $ 501,000 = $ 150,200 + $ type your answer... C: $ 133,340 = $ type your answer... + $ 41,670 D: $ type your answer... = $20,100 + $ 78,900 Previous Next Quizzes 2 Apple Inc CONSOLIDATED BALANCE SHEET (In millions, except number of shares which are reflected in thousands and per share amounts) ASSETS CURRENT ASSETS: Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets TOTAL CURRENT ASSETS NON-CURRENT ASSETS Marketable securities Property, plant and equipment, net Other non-current assets TOTAL NON-CURRENT ASSETS Sept. 24, Sept. 24, Sept. 24, 2023 2022 2021 Sept. 26, 2020 29,965 $ 23,646 $ 34,940 $ 38,016 31,590 24,658 27,699 52,927 29,508 28,184 26,278 16,120 31,477 4,946 6,580 4,061 6,331 32,748 25,228 21,325 14,695 21,223 14,111 11,264 143,566 135,405 134,836 143,713 100,544 120,805 127,877 100,887 43,715 42,117 39,440 36,766 64,758 54,428 48,849 42,522 209,017 217,350 216,166 180,175 TOTAL ASSETS $ 352,583 $ 352,755 $ 351,002 $ 323,888 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts Payable Other current liabilities Deferred revenue Commercial paper Term debt TOTAL CURRENT LIABILITIES $ 62,611 $ 64,115 $ 54,763 $ 42,296 58,829 60,845 47,493 42,684 8,061 7,912 7,612 6,643 5,985 9,982 6,000 4,996 9,822 11,128 9,613 8,773 145,308 153,982 125,481 105,392 NON-CURRENT LIABILITIES Term Debt Other non-current liabilities TOTAL NON-CURRENT LIABILITIES TOTAL LIABILITIES 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 Retained earnings/(Accumulated deficit) Accumulated other comprehensive income/(loss) TOTAL SHAREHOLDERS EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 95,281 98,959 109,106 98,667 49,848 49,142 53,325 54,490 145,129 148,101 162,431 153,157 290,437 302,083 287,912 258,549 73,812 (214) 64,849 57,365 50,779 (3,068) 5,562 14,966 (11,452) (11,109) 163 (406) 62,146 50,672 63,090 65,339 352,583 $ 352,755 $ 351,002 $ 323,888 Apple Inc CONSOLIDATED STATEMENT OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Sept. 30 2023 Sept. 24, 2022 Sept. 24, 2021 Sept. 26, 2020 Cash, cash equivalents and restricted cash, beginning balances OPERATING ACTIVITIES: Net Income Adjustments to reconcile net income to cash generated by operating activities Depreciation and amortization share-based compensation expense $ 24,977 $ 35,929 $ 39,789 $ 50,224 96,995 99,803 94,680 57,411 11,519 11,104 11,284 11,056 10,833 9,038 7,906 6,829 Other Changes in operating assets and liabilities: Accounts receivable, net Inventories Vendor non-trade receivables Other current and non-current assets Accounts Payable -2,227 1,006 -4,921 (312) (1,688) (1,823) (10,125) 6,917 1,271 1,484 (3,903) (127) (1,618) (7,520) (2,642) 1,553 (5,684) (6,499) (8,042) (9,588) (1,889) 9,448 12,326 (4,062) Other current and non-current liabilities 3,031 6,110 7,475 10,997 CASH GENERATED BY OPERATING ACTIVITIES 110,543 122,151 104,038 80,674 INVESTING ACTIVITES: Purchase of marketable securities (29,513) (76,923) (109,558) (114,938) Proceeds from maturities of marketable securities 39,686 29,917 59,023 69,918 Proceeds from sale of marketable securities 5,828 37,446 47,460 50,473 Payments for acquisition of property, plant and equipment (10,959) (10,708) (11,085) (7,309) Payments made in connection with business acquisitions, net (306) (33) (1,524) Other (1,337) (1,780) (352) (909) CASH USED IN INVESTING ACTIVITIES 3,705 (22,354) (14,545) (4,289) FINANCING ACTIVITIES: Payments for taxes related to net share settlement of equity award (5,431) (6,223) (6,556) (3,634) Payment for dividends and dividend equivalents (15,025) (14,841) (14,467) (14,081) Repurchases of common stock (77,550) (89,402) (85,971) (72,358) Proceeds from issuance of term debt, net 5,228 5,465 20,393 16,091 Repayment of term debt (11,151) (9,543) (8,750) (12,629) Proceeds from/(Repayments of) commercial paper, net (3,978) 3,955 1,022 (963) Other (581) (160) 976 CASH USED IN FINANCING ACTIVITIES Decrease in cash, cash equivalents and restricted cash (108,488) (110,749) (93,353) 754 (86,820) 5,760 (10,952) (3,860) (10,435) Cash, cash equivalents and restricted cash, ending balances $ 30,737 $ 24,977 $ 35,929 $ 39,789 Supplemental cash flow disclosure: Cash paid for income taxes, net Cash paid for interest es es $ 18,679 $ 19,573 $ 25,385 $ 9,501 $ 3,803 $ 2,865 $ 2,687 $ 3,002 Apple Inc CONSOLIDATED STATEMENT OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) NET SALES: Sept. 30 2023 Sept. 24, 2022 Sept. 24, 2021 Sept. 26, 2020 Products Services TOTAL NET SALES: COST OF GOODS SOLD: $ 298,085 $ 316,199 $ 297,392 $ 220,747 85,200 78,129 383,285 394,328 68,425 365,817 53,768 274,515 Products 189,282 201,471 192,266 151,286 Services 24,855 22,075 20,715 18,273 TOTAL COST OF GOODS SOLD 214,137 223,546 212,981 169,559 GROSS PROFIT 169,148 170,782 152,836 104,956 OPERATING EXPENSE: Research and development 29,915 26,251 21,914 18,752 Selling, general and administrative 24,932 25,094 21,973 19,916 Total operating expenses 54,847 51,345 43,887 38,668 Operating income 114,301 119,437 108,949 66,288 Other income/(expenses),net (565) (334) 258 803 Income before provision of income taxes 113,736 119,103 109,207 67,091 Provision for income taxes 16,741 NET INCOME $ 19,300 96,995 $ 99,803 $ 14,527 94,680 $ 9,680 57,411 EARNINGS PER SHARE: Basic $ Diluted 6.16 $ 6.13 $ 6.15 $ 6.11 $ 5.67 $ 3.31 5.61 $ 3.28 SHARES USED IN COMPUTING EARNINGS PER SHARE: Basic 15,744,231 Diluted 16,215,963| 16,701,272 17,352,119 15,812,547 16,325,819 | 16,864,919 17,528,214 3 2 points Determine the missing amount for each of the following: All numbers in the thousands can include a comma or be entered without a comma. For Example: 1,000 or 1000 Do not add a dollar sign within your answers. The transposition of data within a program is vital to obtaining accurate and correct data. Companies can lose millions of dollars if mistakes are made in the process of entering data. Be sure to double-check your answers before moving to the next question. (Each match is worth 0.5 pt.) Assets Liabilities Stockholders' Equity A: $ type your answer... = $ 266,690 + $ 833,400 B: $ 501,000 = $ 150,200 + $ type your answer... C: $ 133,340 = $ type your answer... + $ 41,670 D: $ type your answer... = $20,100 + $ 78,900 Previous Next Quizzes 2