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8/17/2019 Apple Cla1

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In Millions of USD (except for per share items) As of 2012-0 As of 2013-0

Revenue 156,508.00 170,910.00

Other Revenue, Total - -

Total Revenue 156,508.00 170,910.00

Cost of Revenue, Total 87,846.00 106,606.00

Gross Profit 68,66.00 64,!04.00

"ellin#$General$%&'in. ()*enses, Total 10,040.00 10,8!0.00

Resear+h evelo*'ent !,!81.00 4,475.00

e*re+iation$%'ortiation - -

/nterest ()*ense/n+o'e - 2et O*eratin# - -

3nusual ()*ense /n+o'e - -

Other O*eratin# ()*enses, Total - -

Total O*eratin# ()*ense 101,67.00 11,911.00

O*eratin# /n+o'e 55,41.00 48,999.00

/nterest /n+o'e()*ense, 2et 2on-O*eratin# - -

Gain oss on "ale of %ssets - -Other, 2et -566 -4

/n+o'e efore Ta) 55,76!.00 50,155.00

/n+o'e %fter Ta) 41,7!!.00 !7,0!7.00

inorit /nterest - -

(uit /n %ffiliates - -

2et /n+o'e efore ()tra. /te's 41,7!!.00 !7,0!7.00

%++ountin# Chan#e - -

is+ontinue& O*erations -

()traor&inar /te' - -

2et /n+o'e 41,7!!.00 !7,0!7.00

Preferre& ivi&en&s - -

/n+o'e %vaila:le to Co''on ()+l. ()tra /te's 41,7!!.00 !7,0!7.00

/n+o'e %vaila:le to Co''on /n+l. ()tra /te's 41,7!!.00 !7,0!7.00

asi+ ;ei#hte& %vera#e "hares - -

asi+ (P" ()+lu&in# ()traor&inar /te's - -

asi+ (P" /n+lu&in# ()traor&inar /te's - -

ilution %&


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Total "*e+ial /te's - -

2or'alie& /n+o'e efore Ta)es - -

(ffe+t of "*e+ial /te's on /n+o'e Ta)es - -

/n+o'e Ta)es (). /'*a+t of "*e+ial /te's - -

2or'alie& /n+o'e %fter Ta)es - -

2or'alie& /n+o'e %vail to Co''on - -

asi+ 2or'alie& (P" - -

ilute& 2or'alie& (P" 6.!1 5.68


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As of 2014-09As of 201-09-2!

18,795.00 !!,715.00

- -

18,795.00 !!,715.00

11,58.00 140,089.00

70,5!7.00 9!,66.00

11,99!.00 14,!9.00

6,041.00 8,067.00

- -

- -

- -

- -

1!0,9.00 16,485.00

5,50!.00 71,!0.00

- -

- --!11 -90!

5!,48!.00 7,515.00

!9,510.00 5!,!94.00

- -

- -

!9,510.00 5!,!94.00

- -

- -

- -

!9,510.00 5!,!94.00

- -

!9,510.00 5!,!94.00

!9,510.00 5!,!94.00

- -

- -

- -

0 -

6,1.66 5,79!.07

6.45 9.- -

1.8 1.98

- -

- -

- -

- -

- -


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- -

- -

- -

- -

- -

- -

- -

6.45 9.


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In Millions of USD (except for per share items) As of 2012-09 As of 2013-09

Cash (uivalents 7,6!7.00 5,554.00

"hort Ter' /nvest'ents 18,!8!.00 6,87.00

Cash an& "hort Ter' /nvest'ents 9,19.00 40,546.00

%++ounts Re+eiva:le - Tra&e, 2et 10,9!0.00 1!,10.00

Re+eiva:les - Other - -

Total Re+eiva:les, 2et 18,69.00 0,641.00

Total /nventor 791 1,764.00

Pre*ai& ()*enses - -

Other Current %ssets, Total 9,041.00 10,!!5.00

Total Current %ssets 57,65!.00 7!,86.00

Pro*ert$Plant$(ui*'ent, Total - Gross 1,887.00 8,519.00

%++u'ulate& e*re+iation, Total -6,4!5.00 -11,9.00

Goo&>ill, 2et 1,1!5.00 1,577.00

/ntan#i:les, 2et 4,4.00 4,179.00

on# Ter' /nvest'ents 9,1.00 106,15.00Other on# Ter' %ssets, Total 5,478.00 5,146.00

Total %ssets 176,064.00 07,000.00

%++ounts Paa:le 1,175.00 ,!67.00

%++rue& ()*enses !,8!.00 4,78.00

2otes Paa:le$"hort Ter' e:t 0 0

Current Port. of T e:t$Ca*ital eases - -

Other Current lia:ilities, Total 14,084.00 16,509.00

Total Current ia:ilities !8,54.00 4!,658.00

on# Ter' e:t - 16,960.00

Ca*ital ease O:li#ations - -

Total on# Ter' e:t 0 16,960.00

Total e:t 0 16,960.00

eferre& /n+o'e Ta) 1!,847.00 16,489.00

inorit /nterest - -

Other ia:ilities, Total 5,465.00 6,!44.00

Total ia:ilities 57,854.00 8!,451.00

Re&ee'a:le Preferre& "to+=, Total - -

Preferre& "to+= - 2on Re&ee'a:le, 2et - -

Co''on "to+=, Total 16,4.00 19,764.00 %&&itional Pai&-/n Ca*ital - -

Retaine& (arnin#s %++u'ulate& efi+it 101,89.00 104,56.00

Treasur "to+= - Co''on - -

Other (uit, Total 7!1 -191

Total (uit 118,10.00 1!,549.00

Total ia:ilities "harehol&ers? (uit 176,064.00 07,000.00

"hares Outs - Co''on "to+= Pri'ar /ssue - -


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Total Co''on "hares Outstan&in# 6,574.46 6,94.!7

price per share 72 79


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As of 2014-09As of 201-09-2!

!,61.00 10,669.00

11,!!.00 0,481.00

5,077.00 41,601.00

17,460.00 16,849.00

- -

7,19.00 !0,!4!.00

,111.00 ,!49.00

- -

14,14.00 15,085.00

68,5!1.00 89,!78.00

!9,015.00 49,57.00

-18,!91.00 -6,786.00

4,616.00 5,116.00

4,14.00 !,89!.00

1!0,16.00 164,065.00!,764.00 5,556.00

!1,8!9.00 90,479.00

!0,196.00 !5,490.00

7,689.00 4,169.00

6,!08.00 10,999.00

- -

19,55.00 9,95.00

6!,448.00 80,610.00

8,987.00 5!,46!.00

- -

8,987.00 5!,46!.00

!5,95.00 64,46.00

0,59.00 4,06.00

- -

7,598.00 1,989.00

10,9.00 171,14.00

- -

- -

!,!1!.00 7,416.00- -

87,15.00 9,84.00

- -

-40 -464

111,547.00 119,!55.00

!1,8!9.00 90,479.00

- -


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5,866.16 5,578.75

11.8119"30


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Ratio Analysis 2012 2013 2014 2015

Current Ratio 1.50 1.68 1.08 1.11 Improved

Quic Ratio 1.48 1.64 1.05 1.08 Improved

Receiva!"e #urnover 14.32 13.04 10.47 13.87 Improved

$a%s Reciva!"e 25.49 27.98 34.86 26.31 Improved

Inventor% #urnover 111.06 60.43 53.18 59.64 Improved

$a%s Inventor% 3.29 6.04 6.86 6.12 Improved

&i'ed (ssets #urnover 1.32 1.28 1.12 1.16 Improved

#ota" (ssets #urnover 0.89 0.83 0.79 0.80 Improved

$e!t Ratio 0) 8) 15) 22) Improved

$e!t *+uit% 0) 8) 15) 22)

*+uit% ,u"tip"ier 1 1 1 1 -ame

ro/t ,arin 27) 22) 22) 23) Improved

R( 24) 18) 17) 18) ImprovedR* 24) 18) 17) 18) Improved

a%out Retntion Ratio

* Ratio 1041.91 1108.16 909.48 605.07 $eteriorate

,aret to oo Ratio

*- and oo a"ue per -hare 6.35 5.88 6.74 9.57 Improved

Cash Ratio 20) 13) 6) 13)

*+uit% ,u"tip"ier 1 1.004 1.23 1.24

on #erm $e!t to *+uit% 0 88.79581 724.675 115.222

C to #ota" (ssets 0.11 0.14 0.02 0.03

on #erm $e!t ratio 00.0819324 0.1250307 0.1840512


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d


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2012 2013 2014 2015&orecasted 2016

-a"es !,997.9! 4,80.16 4,1!0.16 4,681.51 4,747.6!

C:- 1,941.41 ,05!.8 1,86.40 ,08.0! ,04.5!

2012 2013 2014 2015&orecasted 2016

et Income581.09 56.54 4!9.99 6!0.59 560.04

8et Inco


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&orecasted 2017

4,9!7.70

,065.57

&orecasted 2017

56.6!5

0.001000.002000.003000.004000.00

5000.006000.007000.008000.00

e


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-a"es and C1:-

-a"es C:-


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2012 2013 2014 2015

!,997.9! 4,80.16 4,1!0.16 4,681.51

Change % Change

2012 3,997.93 282.23 7%

2013 4,280.16 -150.00 -4%

2014 4,130.16 551.35 13%

2015 4,681.51 66.11 1%

2016 4,747.63

TotalRevenue

TotalRevenue


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;ori


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et no(e ater $to= ase' Co(+. )*+ense - -

as# )"$ ater $to= ase' Co(+. )*+ense - -

#lute' )"$ ater $to= ase' Co(+. )*+ense - -

e+re#at#on, $u++le(ental - -

Total $+e#al te(s - -

or(al#/e' no(e eore Ta*es - -

)et o $+e#al te(s on no(e Ta*es - -

no(e Ta*es )*. (+at o $+e#al te(s - -

or(al#/e' no(e &ter Ta*es - -

or(al#/e' no(e &va#l to Co((on - -

as# or(al#/e' )"$ - -

#lute' or(al#/e' )"$ 0.79 1.18


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Change % Change Reaction

551.35 13%

551.35 13%

219.63 12%

331.72 15%

45.06 10%

23.89 2%

6.54 89%

244.59 48%

190.60 43%

190.60 43%

190.60 43%


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0.39 49%


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ertica" (na"%sis o= a"ance -heet

In Millions of USD (except for per share items) # $hange

Cash )u#valents !,61.00 2%

$hort Ter( nvest(ents 11,!!.00 5%

Cash an' $hort Ter( nvest(ents 5,077.00 11%

&ounts Ree#va:le - Tra'e, et 17,460.00 8%

Ree#va:les - Other -

Total Ree#va:les, et 7,19.00 12%

Total nventor ,111.00 1%

"re+a#' )*+enses

Other Current &ssets, Total 14,14.00 6%

Total Current &ssets 68,5!1.00 30%

"ro+ert"lant)u#+(ent, Total - !ross !9,015.00 17%

&u(ulate' e+re#at#on, Total -18,!91.00 -8%

!oo'>#ll, et 4,616.00 2%

ntang#:les, et 4,14.00 2%

ong Ter( nvest(ents 1!0,16.00

Other ong Ter( &ssets, Total !,764.00 2%

Total &ssets !1,8!9.00 100%

&ounts "aa:le !0,196.00 13%

&rue' )*+enses 7,689.00 3%

otes "aa:le$hort Ter( e:t 6,!08.00 3%

Current "ort. o T e:tCa+#tal eases -

Other Current l#a:#l#t#es, Total 19,55.00 8%

Total Current #a:#l#t#es 6!,448.00 27%

ong Ter( e:t 8,987.00 13%

Ca+#tal ease O:l#gat#ons

Total ong Ter( e:t 8,987.00 13%

Total e:t !5,95.00 15%

eerre' no(e Ta* 0,59.00 9%

#nor#t nterest -Other #a:#l#t#es, Total 7,598.00 3%

Total #a:#l#t#es 10,9.00 52%

Re'ee(a:le "reerre' $to=, Total -

"reerre' $to= - on Re'ee(a:le, et

Co((on $to=, Total !,!1!.00 10%

&''#t#onal "a#'-n Ca+#tal

Reta#ne' )arn#ngs &u(ulate' e##t 87,15.00 38%

%s of 201!0&!2'


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Treasur $to= - Co((on

Other )u#t, Total -40 0%

Total )u#t 111,547.00 48%

Total #a:#l#t#es $harehol'ers? )u#t !1,8!9.00 100%

$hares Outs - Co((on $to= "r#(ar ssue

Total Co((on $hares Outstan'#ng 5,866.16 3%


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eaction# $hange

eaction

(+rove' 10,669.00 4% (+rove'

(+rove' 0,481.00 7% (+rove'

(+rove' 41,601.00 14% (+rove'

(+rove' 16,849.00 6% (+rove'

-

$a(e !0,!4!.00 10% (+rove'

$a(e ,!49.00 1% $a(e

(+rove' 15,085.00 5% eter#orate'

(+rove' 89,!78.00 31% (+rove'

49,57.00

eter#orate' -6,786.00

5,116.00 2% $a(e

!,89!.00 1% eter#orate'

164,065.00

5,556.00 2%

90,479.00 100% (+rove'

eter#orate' !5,490.00 12% (+rove'

eter#orate' 4,169.00 8% eter#orate'

10,999.00 4%

-

eter#orate' 9,95.00 3% (+rove'


eter#orate' 5!,46!.00 18% eter#orate'

eter#orate' 5!,46!.00 18% (+rove'

eter#orate' 64,46.00 22% (+rove'

eter#orate' 4,06.00 8%

-eter#orate' 1,989.00 4% eter#orate'


-

7,416.00 9% eter#orate'

9,84.00 32% eter#orate'

%s of 2015!0&!2'


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-464 0%

(+rove' 119,!55.00 41% eter#orate'

$a(e 90,479.00 100% $a(e

(+rove' 5,578.75 2% eter#orate'


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Ratio Analysis 2012 2013 2014 2015

Current Ratio 4.20 4.89 5.95 6.38

Quic Ratio 3.83 4.47 5.54 5.84

Reciva!"e #urnover 11.89 9.42 9.69 9.88

$a%s Reciva!"e 30.69 38.74 37.68 36.96

Inventor% #urnover 5.70 4.98 4.80 4.31

$a%s Inventor% 63.98 73.30 75.99 84.67

&i'ed (ssets #urnover 2.43 2.61 2.54 3.15

#ota" (ssets #urnover 0.72 0.67 0.57 0.65

#imes Interest *arned 0 0 0 0

$e!t Ratio 0) 0) 19) 19)

$e!t *+uit% 0) 0) 19) 19)

*+uit% ,u"tip"ier 1 1 1 1

ro/t ,arin 15) 13) 11) 13)

R( 10) 9) 6) 9)

R* 10) 9) 6) 9)

a%out Retntion Ratio

* Ratio 631.12 663.18 718.99 455.93

,aret to oo Ratio

*- and oo a"ue per -hare 0.95 0.91 0.77 1.17


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2012 2013 2014 2015

* Ratio 1041.91 1108.16 909.48 605.07

(verae * Ratio 916.16

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