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APPLE INC
AAPL-US

Annual Report - FY 2014 - Income Statement

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CONSOLIDATED STATEMENTS OF OPERATIONS

(USD $) In Millions, except Share data in Thousands, unless otherwise specified

12 Months Ended
Sep. 27, 2014

Net sales $182,795

Cost of sales 112,258
Gross margin 70,537
Operating expenses:
Research and development 6,041
Selling, general and administrative 11,993
Total operating expenses 18,034

Operating income 52,503

Other income/(expense), net 980
Income before provision for income taxes 53,483
Provision for income taxes 13,973
Net income $39,510
Earnings per share:
Basic $6.49
Diluted $6.45
Shares used in computing earnings per share:
Basic 6,085,572
Diluted 6,122,663
Cash dividends declared per common share $1.82
12 Months Ended 12 Months Ended
Sep. 28, 2013 Sep. 29, 2012

$170,910 $156,508
106,606 87,846
64,304 68,662

4,475 3,381
10,830 10,040
15,305 13,421

48,999 55,241
1,156 522
50,155 55,763
13,118 14,030
$37,037 $41,733

$5.72 $6.38
$5.68 $6.31

6,477,320 6,543,726
6,521,634 6,617,483
$1.64 $0.38
Annual Report - FY 2015 - Income Statement
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CONSOLIDATED STATEMENTS OF OPERATIONS

(USD $) In Millions, except Share data in Thousands, unless otherwise specified

12 Months Ended
Sep. 26, 2015

Net sales $233,715

Cost of sales 140,089
Gross margin 93,626
Operating expenses:
Research and development 8,067
Selling, general and administrative 14,329
Total operating expenses 22,396

Operating income 71,230

Other income/(expense), net 1,285
Income before provision for income taxes 72,515
Provision for income taxes 19,121
Net income $53,394
Earnings per share:
Basic $9.28
Diluted $9.22
Shares used in computing earnings per share:
Basic 5,753,421
Diluted 5,793,069
Cash dividends declared per share $1.98
12 Months Ended 12 Months Ended
Sep. 27, 2014 Sep. 28, 2013

$182,795 $170,910
112,258 106,606
70,537 64,304

6,041 4,475
11,993 10,830
18,034 15,305

52,503 48,999
980 1,156
53,483 50,155
13,973 13,118
$39,510 $37,037

$6.49 $5.72
$6.45 $5.68

6,085,572 6,477,320
6,122,663 6,521,634
$1.82 $1.64
Annual Report - FY 2016 - Income Statement
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CONSOLIDATED STATEMENTS OF OPERATIONS

(USD $) In Millions, except Share data in Thousands, unless otherwise specified

12 Months Ended
Sep. 24, 2016

Income Statement [Abstract]

Net sales $215,639
Cost of sales 131,376
Gross margin 84,263
Operating expenses:
Research and development 10,045
Selling, general and administrative 14,194
Total operating expenses 24,239

Operating income 60,024

Other income/(expense), net 1,348
Income before provision for income taxes 61,372
Provision for income taxes 15,685
Net income $45,687
Earnings per share:
Basic (in dollars per share) $8.35
Diluted (in dollars per share) $8.31
Shares used in computing earnings per share:
Basic (in shares) 5,470,820
Diluted (in shares) 5,500,281
Cash dividends declared per share (in dollars per share) $2.18
12 Months Ended 12 Months Ended
Sep. 26, 2015 Sep. 27, 2014

$233,715 $182,795
140,089 112,258
93,626 70,537

8,067 6,041
14,329 11,993
22,396 18,034

71,230 52,503
1,285 980
72,515 53,483
19,121 13,973
$53,394 $39,510

$9.28 $6.49
$9.22 $6.45

5,753,421 6,085,572
5,793,069 6,122,663
$1.98 $1.82
Annual Report - FY 2017 - Income Statement
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CONSOLIDATED STATEMENTS OF OPERATIONS

(USD $) In Millions, except Share data in Thousands, unless otherwise specified

12 Months Ended
Sep. 30, 2017

Income Statement [Abstract]

Net sales $229,234
Cost of sales 141,048
Gross margin 88,186
Operating expenses:
Research and development 11,581
Selling, general and administrative 15,261
Total operating expenses 26,842

Operating income 61,344

Other income/(expense), net 2,745
Income before provision for income taxes 64,089
Provision for income taxes 15,738
Net income $48,351
Earnings per share:
Basic (in dollars per share) $9.27
Diluted (in dollars per share) $9.21
Shares used in computing earnings per share:
Basic (in shares) 5,217,242
Diluted (in shares) 5,251,692
Cash dividends declared per share (in dollars per share) $2.4
12 Months Ended 12 Months Ended
Sep. 24, 2016 Sep. 26, 2015

$215,639 $233,715
131,376 140,089
84,263 93,626

10,045 8,067
14,194 14,329
24,239 22,396

60,024 71,230
1,348 1,285
61,372 72,515
15,685 19,121
$45,687 $53,394

$8.35 $9.28
$8.31 $9.22

5,470,820 5,753,421
5,500,281 5,793,069
$2.18 $1.98
Annual Report - FY 2018 - Income Statement
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CONSOLIDATED STATEMENTS OF OPERATIONS

(USD $) In Millions, Except Share Data In Thousands, Unless Otherwise Specified

12 Months Ended
Sep. 29, 2018

Net sales $265,595

Cost of sales 163,756
Gross margin 101,839
Operating expenses:
Research and development 14,236
Selling, general and administrative 16,705
Total operating expenses 30,941

Operating income 70,898

Other income/(expense), net 2,005
Income before provision for income taxes 72,903
Provision for income taxes 13,372
Net income $59,531
Earnings per share:
Basic (in dollars per share) $12.01
Diluted (in dollars per share) $11.91
Shares used in computing earnings per share:
Basic (in shares) 4,955,377
Diluted (in shares) 5,000,109
Statement of Comprehensive Income [Abstract]
Net income $59,531
Other comprehensive income/(loss):
Change in foreign currency translation, net of tax effects of $(1), $(77) and $8,
respectively -525
Change in unrealized gains/losses on derivative instruments:
Change in fair value of derivatives, net of tax benefit/(expense) of $(149),
$(478) and $(7), respectively 523
Adjustment for net (gains)/losses realized and included in net income, net of tax
expense/(benefit) of $(104), $475 and $131, respectively 382
Total change in unrealized gains/losses on derivative instruments, net of
tax 905

Change in unrealized gains/losses on marketable securities:

Change in fair value of marketable securities, net of tax benefit/(expense) of
$1,156, $425 and $(863), respectively -3,407
Adjustment for net (gains)/losses realized and included in net income, net of tax
expense/(benefit) of $21, $35 and $(31), respectively 1
Total change in unrealized gains/losses on marketable securities, net of
tax -3,406

Total other comprehensive income/(loss) -3,026

Total comprehensive income $56,505

Statement of Comprehensive Income [Abstract]

Change in foreign currency translation, tax effects -$1
Change in fair value of derivatives, tax benefit/(expense) -149
Adjustment for net (gains)/losses realized and included in net income, tax
expense/(benefit) -104
Change in fair value of marketable securities, tax benefit/(expense) 1,156
Adjustment for net (gains)/losses realized and included in net income, tax
expense/(benefit) $21
12 Months Ended 12 Months Ended
Sep. 30, 2017 Sep. 24, 2016

$229,234 $215,639
141,048 131,376
88,186 84,263

11,581 10,045
15,261 14,194
26,842 24,239

61,344 60,024
2,745 1,348
64,089 61,372
15,738 15,685
$48,351 $45,687

$9.27 $8.35
$9.21 $8.31

5,217,242 5,470,820
5,251,692 5,500,281

$48,351 $45,687

224 75

1,315 7

-1,477 -741

-162 -734

-782 1,582
 -64 56

-846 1,638

-784 979

$47,567 $46,666

-$77 $8
-478 -7

475 131
425 -863

$35 -$31