Description of the project (Apple reinvested/ brought their stocks back)

• Description of the need (why apple made this move?)
• Description of the costs (explained the cost)
• Description of the benefits (what’s the benefits of this invested back into their stocks)
• Description of the assumptions ( what do you think ? )   
   
   
   

Transcribed Image Text:

Apple Inc. Consolidated Income Statement US$ in millions Products Services Net sales (legacy) Net sales Products Services Cost of sales (legacy) Cost of sales Gross margin Research and development Selling, general and administrative Operating expenses Operating income Interest and dividend income Interest expense Other income (expense), net Other income (expense), net Income before provision for income taxes Provision for income taxes 12 months ended: Sep 28, 2019 213,883 46,291 260,174 (144,996) (16,786) (161,782) 98,392 (16,217) (18,245) (34,462) 63,930 4,961 (3,576) 422 Sep 29, 2018 225,847 39,748 1,807 65,737 (10,481) 55,256 265,595 (148,164) (15,592) (163,756) 101,839 (14,236) (16,705) (30,941) 70,898 5,686 (3,240) (441) 2,005 Sep 30, 2017 196,534 32,700 72,903 (13,372) 59,531 - 229,234 (126,337) (14,711) - (141,048) 88,186 (11,581) (15,261) (26,842) 61,344 5,201 (2,323) (133) Sep 24, 2016 215,639 215,639 - (131,376) (131,376) 84,263 (10,045) (14,194) (24,239) 60,024 3,999 (1,456) (1,195) 1,348 Sep 26, 2015 61,372 (15,685) 45,687 233,715 233,715 2,745 64,089 (15,738) 48,351 Net income Based on:10-K (filing date: 2019-10-31),10-K (filing date: 2018-11-05),10-K (filing date: 2017-11-03),10-K (filing date: 2016-10-26),10-K (filing date: 2015-10-28),10-K (filing date: 2014-10-27). (140,089) (140,089) 93,626 (8,067) (14,329) (22,396) 71,230 2,921 (733) (903) 1,285 72,515 (19,121) 53,394 Sep 27, 2014 182,795 182,795 (112,258) (112,258) 70,537 (6,041) (11,993) (18,034) 52,503 1,795 (384) (431) 980 53,483 (13,973) 39,510 Apple Inc. Consolidated Income Statement US$ in millions Products Services Net sales (legacy) Net sales Products Services Cost of sales (legacy) Cost of sales Gross margin Research and development Selling, general and administrative Operating expenses Operating income Interest and dividend income Interest expense Other income (expense), net Other income (expense), net Income before provision for income taxes Provision for income taxes 12 months ended: Sep 28, 2019 213,883 46,291 260,174 (144,996) (16,786) (161,782) 98,392 (16,217) (18,245) (34,462) 63,930 4,961 (3,576) 422 Sep 29, 2018 225,847 39,748 1,807 65,737 (10,481) 55,256 265,595 (148,164) (15,592) (163,756) 101,839 (14,236) (16,705) (30,941) 70,898 5,686 (3,240) (441) 2,005 Sep 30, 2017 196,534 32,700 72,903 (13,372) 59,531 - 229,234 (126,337) (14,711) - (141,048) 88,186 (11,581) (15,261) (26,842) 61,344 5,201 (2,323) (133) Sep 24, 2016 215,639 215,639 - (131,376) (131,376) 84,263 (10,045) (14,194) (24,239) 60,024 3,999 (1,456) (1,195) 1,348 Sep 26, 2015 61,372 (15,685) 45,687 233,715 233,715 2,745 64,089 (15,738) 48,351 Net income Based on:10-K (filing date: 2019-10-31),10-K (filing date: 2018-11-05),10-K (filing date: 2017-11-03),10-K (filing date: 2016-10-26),10-K (filing date: 2015-10-28),10-K (filing date: 2014-10-27). (140,089) (140,089) 93,626 (8,067) (14,329) (22,396) 71,230 2,921 (733) (903) 1,285 72,515 (19,121) 53,394 Sep 27, 2014 182,795 182,795 (112,258) (112,258) 70,537 (6,041) (11,993) (18,034) 52,503 1,795 (384) (431) 980 53,483 (13,973) 39,510

Answer rating: 100% (QA)

Project Description Apple has recently announced that they are reinvesting in their stocks and bring... View the full answer