6. Notes to financial statements ? describe those notes your team feels would most likely affect an investor?s decisions

7. Independent auditor?s report

a. Who is responsible for the preparation and integrity of the financial statements?

b. What is the name of the independent public accountant (auditor)?

According to the auditor?s report on the financial statements, what is the auditor?s response

All the material needed is in attached files.

Created by EDGAR Online, Inc. APPLE INC Table_Of_Contents Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Table Of Contents ------------------------------------------------TABLE1 TABLE2 TABLE3 TABLE4 TABLE5 TABLE6 TABLE7 TABLE8 TABLE9 TABLE10 TABLE11 TABLE12 TABLE13 TABLE14 TABLE15 TABLE16 TABLE17 TABLE18 TABLE19 TABLE20 TABLE21 TABLE22 TABLE23 INCOME STATEMENT TABLE24 BALANCE SHEET STOCKHOLDERS EQUITY CASH FLOW TABLE25 TABLE26 TABLE27 TABLE28 TABLE29 TABLE30 TABLE31 TABLE32 TABLE33 TABLE34 TABLE35 TABLE36 TABLE37 TABLE38 TABLE39 TABLE40 TABLE41 TABLE42 TABLE43 TABLE44 TABLE45 TABLE46 OPTIONS AGGREGATE TABLE47 TABLE48 TABLE49 TABLE50 TABLE51 TABLE52 TABLE53 TABLE54 TABLE55 TABLE56 TABLE57 RATIO COMPUTATION SUBSIDIARIES Created by EDGAR Online, Inc. APPLE INC TABLE1 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents California (State or other jurisdiction of incorporation or organization) 94-2404110 (I.R.S. Employer Identification No.) 1 Infinite Loop Cupertino, California (Address of principal executive offices) 95014 (Zip Code) Registrant's telephone number, including area code: (408) 996-1010 Created by EDGAR Online, Inc. APPLE INC TABLE2 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Price Range of Common Stock The price range per share of common stock presented below represents the highest and lowest intraday sales prices for the Company's common stock on the NASDAQ Stock Market LLC during each quarter of the two most recent years. Fourth Quarter Third Quarter 2013 price range per share $ 513.74 - $ 401.22 $ 465.75 2012 price range per share $ 705.07 - $ 570.00 $ 644.00 ow represents the highest on stock on the NASDAQ nt years. Third Quarter Second Quarter First Quarter - $ 385.10 $ 555.00 - $ 419.00 $ 676.75 - - $ 522.18 $ 621.45 - $ 409.00 $ 426.70 - First Quarter $ 501.23 $ 354.24 Created by EDGAR Online, Inc. APPLE INC TABLE3 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Purchases of Equity Securities by the Issuer and Affiliated Purchasers Share repurchase activity during the three months ended September 28, 2013 was as follows (in millions, except number of shares, which are reflected in thousands, and per share amounts): Q4 Fiscal Periods June 30, 2013 to August 3, 2013 August 4, 2013 to August 31, 2013 September 1, 2013 to September 28, 2013 Total Total Number of Shares Purchased Average Price Paid Per Share 2,193 $ 451.49 7,061 $ 487.17 1,184 $ 481.33 10,438 Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs 2,193 7,061 1,184 Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (a) $37,050 Created by EDGAR Online, Inc. APPLE INC TABLE4 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Apple Inc. S&P 500 Index S&P Computer Hardware Index Dow Jones US Technology Supersector Index September 30, 2008 $ 100 $ 100 $ 100 $ 100 September 30, 2009 $ 163 $ 93 $ 118 $ 111 September 30, 2010 $ 250 $ 103 $ 140 $ 124 September 30, 2011 $ 335 $ 104 $ 159 $ 128 September 30, 2012 $ 589 $ 135 $ 255 $ 166 September 30, 2013 $ 431 $ 161 $ 197 $ 175 Created by EDGAR Online, Inc. APPLE INC TABLE5 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Net sales Net income Earnings per share: Basic Diluted Cash dividends declared per share Shares used in computing earnings per share: Basic Diluted Total cash, cash equivalents and marketable securities Total assets Long-term debt Long-term obligations (a) Total liabilities Total shareholders' equity $ $ 2013 170,910 $ 37,037 $ $ $ $ 40.03 39.75 11.40 $ $ $ $ $ $ $ $ $ 2012 156,508 41,733 44.64 44.15 2.65 925,331 931,662 934,818 945,355 146,761 $ 207,000 $ 16,960 $0 20,208 $ 83,451 $ 123,549 $ 121,251 176,064 16,664 57,854 118,210 $ $ $ $ $0 $ $ $0 $ $ $ 2011 108,249 $ 25,922 $ 28.05 27.68 $ $ $0 2010 65,225 $ 14,013 $ 15.41 15.15 $ $ $0 2009 42,905 8,235 9.22 9.08 924,258 936,645 909,461 924,712 893,016 907,005 81,570 116,371 51,011 75,183 33,992 47,501 $ $ $0 10,100 $ 39,756 $ 76,615 $ $ $ $0 5,531 $ 27,392 $ 47,791 $ 3,502 15,861 31,640 Created by EDGAR Online, Inc. APPLE INC TABLE6 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Sales Data The following table shows net sales by operating segment and net sales and unit sales by product during 2013, 2012 and 2011 (dollars in millions and units in thousands): 2013 Change Net Sales by Operating Segment: Americas Europe Greater China (a) Japan Rest of Asia Pacific Retail Total net sales Net Sales by Product: iPhone (b) iPad (b) Mac (b) iPod (b) iTunes, software and services (c) Accessories (d) Total net sales Unit Sales by Product: iPhone iPad Mac iPod 2012 $ 62,739 37,883 25,417 13,462 11,181 20,228 9% $ 4% 13% 27% 4% 7% 57,512 36,323 22,533 10,571 10,741 18,828 $ 170,910 9% $ 156,508 $ 91,279 31,980 21,483 4,411 16,051 5,706 16% $ 3% -7% -21% 25% 11% 78,692 30,945 23,221 5,615 12,890 5,145 $ 170,910 9% $ 156,508 150,257 71,033 16,341 26,379 20% 22% -10% -25% 125,046 58,310 18,158 35,165 Change 2011 50% $ 31% 78% 94% 8% 33% 38,315 27,778 12,690 5,437 9,902 14,127 45% $ 108,249 71% $ 61% 7% -25% 38% 15% 45,998 19,168 21,783 7,453 9,373 4,474 45% $ 108,249 73% 80% 9% -17% 72,293 32,394 16,735 42,620 Created by EDGAR Online, Inc. APPLE INC TABLE7 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Product Performance iPhone The following table presents iPhone net sales and unit sales information for and 2011 (net sales in millions and units in thousands): 2013, 2012 Net sales Percentage of total net sales Unit sales $ 2013 Change 91,279 16% $ 53% 150,257 20% 2012 78,692 50% 125,046 Change 71% $ 73% 2011 45,998 42% 72,293 Created by EDGAR Online, Inc. APPLE INC TABLE8 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Net sales Percentage of total net sales Unit sales $ 2013 Change 31,980 3% $ 19% 71,033 22% 2012 Change 30,945 61% 20% 58,310 80% $ 2011 19,168 18% 32,394 Created by EDGAR Online, Inc. APPLE INC TABLE9 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Net sales Percentage of total net sales Unit sales $ 2013 Change 21,483 -7% $ 13% 16,341 -10% 2012 Change 23,221 7% 15% 18,158 9% $ 2011 21,783 20% 16,735 Created by EDGAR Online, Inc. APPLE INC TABLE10 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents iTunes, software and services Percentage of total net sales $ 2013 Change 16,051 25% $ 9% 2012 Change 12,890 38% 8% $ 2011 9,373 9% Created by EDGAR Online, Inc. APPLE INC TABLE11 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Americas The following table presents Americas net sales information for 2013, 2012 and 2011 (in millions): Net sales Percentage of total net sales $ 2013 Change 62,739 9% $ 37% 2012 Change 57,512 50% 37% $ 2011 38,315 35% Created by EDGAR Online, Inc. APPLE INC TABLE12 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Europe The following table presents Europe net sales information for 2013, 2012 and 2011 (in millions): Net sales Percentage of total net sales $ 2013 Change 37,883 4% $ 22% 2012 Change 36,323 31% 23% $ 2011 27,778 26% Created by EDGAR Online, Inc. APPLE INC TABLE13 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Greater China The following table presents Greater China net sales information for 2013, 2012 and 2011 (in millions): Net sales Percentage of total net sales $ 2013 Change 25,417 13% $ 15% 2012 Change 22,533 78% 14% $ 2011 12,690 12% Created by EDGAR Online, Inc. APPLE INC TABLE14 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Japan The following table presents Japan net sales information for 2013, 2012 and 2011 (in millions): Net sales Percentage of total net sales $ 2013 Change 13,462 27% $ 8% 2012 Change 10,571 94% 7% $ 2011 5,437 5% Created by EDGAR Online, Inc. APPLE INC TABLE15 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Rest of Asia Pacific The following table presents Rest of Asia Pacific net sales information for 2013, 2012 and 2011 (in millions): Net sales Percentage of total net sales $ 2013 Change 11,181 4% $ 7% 2012 10,741 7% Change 8% $ 2011 9,902 9% Created by EDGAR Online, Inc. APPLE INC TABLE16 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Retail The following table presents Retail net sales information for 2013, 2012 and 2011 (in millions, except for store counts): Net sales Percentage of total net sales $ 2013 Change 20,228 7% $ 12% 2012 Change 18,828 33% 12% U.S. stores International stores 254 162 250 140 Total store count 416 390 $ 2011 14,127 13% 245 112 357 Created by EDGAR Online, Inc. APPLE INC TABLE17 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Gross Margin Gross margin for 2013, 2012 and 2011 are as follows (in millions, except gross margin percentages): Net sales Cost of sales $ Gross margin $ Gross margin percentage 2013 170,910 $ 106,606 64,304 37.60% $ 2012 156,508 $ 87,846 68,662 43.90% $ 2011 108,249 64,431 43,818 40.50% Created by EDGAR Online, Inc. APPLE INC TABLE18 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Operating Expenses Operating expenses for 2013, 2012 and 2011 are as follows (in millions, except for percentages): Research and development Percentage of total net sales Selling, general and administrative Percentage of total net sales Total operating expenses Percentage of total net sales $ $ $ 2013 Change 4,475 32% $ 3% 10,830 8% $ 6% 15,305 14% $ 9% 2012 3,381 2% 10,040 6% 13,421 9% Change 39% $ 32% $ 34% $ 2011 2,429 2% 7,599 7% 10,028 9% Created by EDGAR Online, Inc. APPLE INC TABLE19 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Other Income and Expense Other income and expense for 2013, 2012 and 2011 are as follows (in millions): Interest and dividend income Interest expense Other expense, net $ Total other income/(expense), net $ 2013 Change 1,616 (136) (324) 1,156 $ 121% $ 2012 1,088 0 (566) 522 Change $ 26% $ 2011 519 0 (104) 415 Created by EDGAR Online, Inc. APPLE INC TABLE20 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Provision for Income Taxes Provision for income taxes and effective tax rates for 2013, 2012 and 2011 are as follows (in millions): Provision for income taxes Effective tax rate $ 2013 13,118 $ 26.20% 2012 14,030 $ 25.20% 2011 8,283 24.20% Created by EDGAR Online, Inc. APPLE INC TABLE21 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Cash, cash equivalents and marketable securities Property, plant and equipment, net Long-term debt Working capital Cash generated by operating activities Cash used in investing activities Cash generated/(used in) by financing activities $ $ $ $ $ $ $ 2013 146,761 16,597 16,960 29,628 53,666 (33,774) (16,379) $ $ $0 $ $ $ $ 2012 121,251 $ 15,452 $ $0 19,111 $ 50,856 $ (48,227) $ (1,698) $ 2011 81,570 7,777 17,018 37,529 (40,419) 1,444 Created by EDGAR Online, Inc. APPLE INC TABLE22 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Dividends and Dividend Equivalent Rights Paid 2012 $ 2,488 2013 10,564 Total $ 13,052 Open Accelerated Market Share Share Repurchases Repurchases $0 $0 13,950 9,000 $ 13,950 $ 9,000 Taxes Related to Settlement of Equity Awards $ 56 1,082 $ 1,138 Total $ $ 2,544 34,596 37,140 Created by EDGAR Online, Inc. APPLE INC TABLE23 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Long-term debt Operating leases Purchase obligations Other obligations Total Payments Due in Less Than 1 Year $0 $ Payments Due in 1-3 Years $ 2,500 610 1,200 18,616 0 1,081 248 20,307 $ 3,948 Payments Due in 4-5 Years $ 6,000 1,056 0 16 $ 7,072 Payments Due in More Than 5 Years $ 8,500 1,855 0 3 $ 10,358 Total $ $ 17,000 4,721 18,616 1,348 41,685 Created by EDGAR Online, Inc. APPLE INC INCOME_STATEMENT Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Net sales Cost of sales Years ended September 28, 2013 September 29, 2012 $ 170,910 $ 156,508 106,606 87,846 Gross margin 64,304 68,662 Operating expenses: Research and development Selling, general and administrative 4,475 3,381 10,830 10,040 Total operating expenses 15,305 13,421 Operating income Other income/(expense), net 48,999 1,156 55,241 522 Income before provision for income taxes Provision for income taxes 50,155 13,118 55,763 14,030 Net income $ 37,037 $ 41,733 Earnings per share: Basic Diluted $ $ 40.03 39.75 $ $ 44.64 44.15 Shares used in computing earnings per share: Basic Diluted Cash dividends declared per common share 925,331 931,662 $ 11.40 934,818 945,355 $ 2.65 September 24, 2011 $ 108,249 64,431 43,818 2,429 7,599 10,028 33,790 415 34,205 8,283 $ 25,922 $ $ 28.05 27.68 924,258 936,645 $ - Created by EDGAR Online, Inc. APPLE INC TABLE24 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Net income September 28, 2013 $ 37,037 Other comprehensive income/(loss): Change in foreign currency translation, net of tax effects of $35, $13 and $18, respectively (112) Change in unrecognized gains/losses on derivative instruments: Change in fair value of derivatives, net of tax benefit/(expense) of $(351), $73 and $(50), respectively Adjustment for net losses/(gains) realized and included in net income, net of tax expense/(benefit) of $255, $220 and $(250), respectively (458) Total change in unrecognized gains/losses on derivative instruments, net of tax 64 522 Change in unrealized gains/losses on marketable securities: Change in fair value of marketable securities, net of tax benefit/(expense) of $458, $(421) and $17, respectively Adjustment for net losses/(gains) realized and included in net income, net of tax expense/(benefit) of $82, $68 and $(40), respectively (791) (131) Total change in unrealized gains/losses on marketable securities, net of tax (922) Total other comprehensive income/(loss) (970) Total comprehensive income $ 36,067 Years ended September 29, September 24, 2012 2011 $ 41,733 $ 25,922 $ (15) (12) (131) 92 (399) 450 (530) 542 715 29 (114) (70) 601 (41) 56 489 41,789 $ 26,411 Created by EDGAR Online, Inc. APPLE INC BALANCE_SHEET Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents September 28, 2013 ASSETS: Current assets: Cash and cash equivalents Short-term marketable securities Accounts receivable, less allowances of $99 and $98, respectively Inventories Deferred tax assets Vendor non-trade receivables Other current assets $ 13,102 1,764 3,453 7,539 6,882 Total current assets 73,286 Long-term marketable securities Property, plant and equipment, net Goodwill Acquired intangible assets, net Other assets Total assets 14,259 26,287 106,215 16,597 1,577 4,179 5,146 $ 207,000 $ 22,367 13,856 7,435 LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: Accounts payable Accrued expenses Deferred revenue Total current liabilities 43,658 Deferred revenue - non-current Long-term debt Other non-current liabilities 2,625 16,960 20,208 Total liabilities 83,451 Commitments and contingencies Shareholders' equity: Common stock, no par value; 1,800,000 shares authorized; 899,213 and 939,208 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income/(loss) 19,764 104,256 Total shareholders' equity 123,549 Total liabilities and shareholders' equity (471) $ 207,000 September 29, 2012 $ 10,746 18,383 10,930 791 2,583 7,762 6,458 57,653 92,122 15,452 1,135 4,224 5,478 $ 176,064 $ 21,175 11,414 5,953 38,542 2,648 0 16,664 57,854 16,422 101,289 499 118,210 $ 176,064 Created by EDGAR Online, Inc. APPLE INC STOCKHOLDERS_EQUITY Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except number of shares which are reflected in thousands) Balances as of September 25, 2010 Net income Other comprehensive income/(loss) Share-based compensation Common stock issued under stock plans, net of shares withheld for employee taxes Tax benefit from equity awards, including transfer pricing adjustments Common Stock Shares Amount 915,970 $ 10,668 0 0 0 0 0 1,168 13,307 561 0 934 Balances as of September 24, 2011 929,277 13,331 Net income Other comprehensive income/(loss) Dividends and dividend equivalent rights declared Share-based compensation Common stock issued under stock plans, net of shares withheld for employee taxes Tax benefit from equity awards, including transfer pricing adjustments 0 0 0 0 0 0 0 1,740 9,931 200 0 1,151 939,208 16,422 0 0 Balances as of September 29, 2012 Net income Other comprehensive income/(loss) Dividends and dividend equivalent rights declared Repurchase of common stock Share-based compensation Common stock issued under stock plans, net of shares withheld for employee taxes Tax benefit from equity awards, including transfer pricing adjustments Balances as of September 28, 2013 0 0 0 (46,976) 0 0 0 2,253 6,981 (143) 0 1,232 899,213 $ 19,764 S' EQUITY in thousands) Retained Earnings $ Accumulated Other Comprehensive Income/ (Loss) 37,169 $ Total Shareholders' Equity (46) $ 47,791 25,922 0 0 0 489 0 25,922 489 1,168 (250) 0 311 0 0 934 62,841 443 76,615 41,733 0 0 56 41,733 56 (2,523) 0 0 0 (2,523) 1,740 (762) 0 (562) 0 0 1,151 101,289 499 118,210 37,037 0 37,037 $ 0 (970) (970) (10,676) (22,950) 0 0 0 0 (10,676) (22,950) 2,253 (444) 0 (587) 0 0 1,232 104,256 $ (471) $ 123,549 Created by EDGAR Online, Inc. APPLE INC CASH_FLOW Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) September 28, 2013 Cash and cash equivalents, beginning of the year Operating activities: Net income Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization Share-based compensation expense Deferred income tax expense Changes in operating assets and liabilities: Accounts receivable, net Inventories Vendor non-trade receivables Other current and non-current assets Accounts payable Deferred revenue Other current and non-current liabilities Cash generated by operating activities Investing activities: Purchases of marketable securities Proceeds from maturities of marketable securities Proceeds from sales of marketable securities Payments made in connection with business acquisitions, net Payments for acquisition of property, plant and equipment Payments for acquisition of intangible assets Other Cash used in investing activities Financing activities: $ 10,746 37,037 6,757 2,253 1,141 (2,172) (973) 223 1,080 2,340 1,459 4,521 53,666 (148,489) 20,317 104,130 (496) (8,165) (911) (160) (33,774) Proceeds from issuance of common stock Excess tax benefits from equity awards Taxes paid related to net share settlement of equity awards Dividends and dividend equivalent rights paid Repurchase of common stock Proceeds from issuance of long-term debt, net 530 701 (1,082) (10,564) (22,860) 16,896 Cash generated by/(used in) financing activities (16,379) Increase/(decrease) in cash and cash equivalents 3,513 Cash and cash equivalents, end of the year $ 14,259 Supplemental cash flow disclosure: Cash paid for income taxes, net $ 9,128 Years ended September 29, September 24, 2012 2011 $ 9,815 $ 11,261 41,733 25,922 3,277 1,740 4,405 1,814 1,168 2,868 (5,551) (15) (1,414) (3,162) 4,467 2,824 2,552 143 275 (1,934) (1,391) 2,515 1,654 4,495 50,856 37,529 (151,232) (102,317) 13,035 99,770 20,437 49,416 (350) (244) (8,295) (1,107) (48) (4,260) (3,192) (259) (48,227) (40,419) 665 1,351 831 1,133 (1,226) (2,488) 0 0 (520) 0 0 0 (1,698) 1,444 931 (1,446) $ 10,746 $ 9,815 $ 7,682 $ 3,338 Created by EDGAR Online, Inc. APPLE INC TABLE25 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents 2013 Numerator: Net income $ 37,037 2012 $ 41,733 Denominator: Weighted-average shares outstanding Effect of dilutive securities 925,331 6,331 934,818 10,537 Weighted-average diluted shares 931,662 945,355 Basic earnings per share $ 40.03 $ 44.64 Diluted earnings per share $ 39.75 $ 44.15 2011 $ 25,922 924,258 12,387 936,645 $ 28.05 $ 27.68 Created by EDGAR Online, Inc. APPLE INC TABLE26 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Note 2 - Financial Instruments Cash, Cash Equivalents and Marketable Securities The following tables show the Company's cash and available-for-sale securities' adjusted cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category recorded as cash and cash equivalents or shortor long-term marketable securities as of September 28, 2013 and September 29, 2012 (in millions): Cash Level 1: Money market funds Mutual funds Adjusted Cost $ Subtotal Level 2: U.S. Treasury securities U.S. agency securities Non-U.S. government securities Certificates of deposit and time deposits Commercial paper Corporate securities Municipal securities Mortgage- and asset-backed securities Subtotal Total $ Unrealized Gains 8,705 $0 Unrealized Losses $0 1,793 3,999 0 0 0 (197) 5,792 0 (197) 27,642 16,878 5,545 24 12 35 (47) (52) (137) 2,344 2,998 54,586 6,257 0 0 275 45 0 0 (252) (22) 16,396 23 (89) 132,646 414 (599) 147,143 $ 414 $ (796) 2013 Fair Value $ $ Cash and Cash Equivalents 8,705 Short-Term Marketable Securities ### $0 Long-Term Marketable Securities $0 1,793 3,802 1,793 0 0 3,802 0 0 5,595 1,793 3,802 0 27,619 16,838 5,443 431 177 50 7,554 3,412 313 19,634 13,249 5,080 2,344 2,998 54,609 6,280 1,264 1,835 0 4 844 1,163 8,077 1,114 236 0 46,532 5,162 16,330 0 8 16,322 132,461 3,761 22,485 106,215 146,761 $ 14,259 $ 26,287 $ 106,215 Created by EDGAR Online, Inc. APPLE INC TABLE27 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Cash Level 1: Money market funds Mutual funds Adjusted Cost $ Subtotal Level 2: U.S. Treasury securities U.S. agency securities Non-U.S. government securities Certificates of deposit and time deposits Commercial paper Corporate securities Municipal securities Mortgage- and asset-backed securities Subtotal Total $ Unrealized Gains 3,109 $0 Unrealized Losses $0 1,460 2,385 0 79 0 (2) 3,845 79 (2) 20,088 19,540 5,483 21 58 183 (1) (1) (2) 2,189 2,112 46,261 5,645 2 0 568 74 0 0 (8) 0 11,948 66 (6) 113,266 972 (18) 120,220 $ 1,051 $ (20) 2012 Fair Value $ $ Cash and Cash Equivalents 3,109 Short-Term Marketable Securities ### $0 Long-Term Marketable Securities $0 1,460 2,462 1,460 0 0 2,462 0 0 3,922 1,460 2,462 0 20,108 19,597 5,664 2,608 1,460 84 3,525 1,884 1,034 13,975 16,253 4,546 2,191 2,112 46,821 5,719 1,106 909 10 0 202 1,203 7,455 618 883 0 39,356 5,101 12,008 0 0 12,008 114,220 6,177 15,921 92,122 121,251 $ 10,746 $ 18,383 $ 92,122 Created by EDGAR Online, Inc. APPLE INC TABLE28 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents 2013 Credit Risk Amounts Notional Principal Instruments designated as accounting hedges: Foreign exchange contracts Interest rate contracts $ $ 35,013 3,000 $ $ 159 44 $ 16,131 $ 25 Instruments not designated as accounting hedges: Foreign exchange contracts 2012 Credit Risk Amounts Notional Principal $ $0 41,970 $ $0 140 $ 13,403 $ 12 Created by EDGAR Online, Inc. APPLE INC TABLE29 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents 2013 Fair Value of Derivatives Designated as Hedge Instruments Fair Value of Derivatives Not Designated as Hedge Instruments Derivative assets (a): Foreign exchange contracts Interest rate contracts $ $ 145 44 $ $0 25 Derivative liabilities (b): Foreign exchange contracts $ 389 $ 46 Fair 2012 Fair Value of Derivatives Designated as Hedge Instruments Fair Value of Derivatives Not Designated as Hedge Instruments Derivative assets (a): Foreign exchange contracts $ 138 $ 12 Derivative liabilities (b): Foreign exchange contracts $ 516 $ 41 Fair Total Value $ $ 170 44 $ 435 Total Value $ 150 $ 557 Created by EDGAR Online, Inc. APPLE INC TABLE30 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Gains/(Losses) Recognized in OCI - Effective Portion September 28, September 29, 2013 2012 Cash flow hedges: Foreign exchange contracts $ 891 $ (175) Interest rate contracts 12 0 143 (5) Net investment hedges: Foreign exchange contracts Total $ 1,046 $ (180) Gains/(Losses) Recognized - Ineffective Portion Gains/(Losses) Reclassified from AOCI into Net Income - Effective Portion September 28, September 29, 2013 (a) 2012 (b) $ $ and Amount Location (6) Other income/ 607 (expense), net Other income/ 0 (expense), net 0 Other income/ 0 (expense), net 676 670 $ $ 607 Excluded from Effectiveness Testing September 28, 2013 $ (301) 0 1 $ (300) September 29, 2012 $ (658) 0 3 $ (655) Created by EDGAR Online, Inc. APPLE INC TABLE31 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Inventories Components Finished goods $ 2013 683 $ 1,081 2012 124 667 Total inventories $ 1,764 791 $ Created by EDGAR Online, Inc. APPLE INC TABLE32 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Property, Plant and Equipment Land and buildings Machinery, equipment and internal-use software Leasehold improvements $ Gross property, plant and equipment Accumulated depreciation and amortization Net property, plant and equipment 2013 3,309 $ 21,242 3,968 28,519 (11,922) $ 16,597 2012 2,439 15,984 3,464 21,887 (6,435) $ 15,452 Created by EDGAR Online, Inc. APPLE INC TABLE33 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Accrued Expenses Accrued warranty and related costs Accrued taxes Deferred margin on component sales Accrued marketing and selling expenses Accrued compensation and employee benefits Other current liabilities $ Total accrued expenses $ 2013 2,967 $ 1,200 1,262 1,291 959 6,177 13,856 $ 2012 1,638 1,535 1,492 910 735 5,104 11,414 Created by EDGAR Online, Inc. APPLE INC TABLE34 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Non-Current Liabilities Deferred tax liabilities Other non-current liabilities $ 2013 16,489 $ 3,719 2012 13,847 2,817 Total other non-current liabilities $ 20,208 16,664 $ Created by EDGAR Online, Inc. APPLE INC TABLE35 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Other Income and Expense The following table shows the detail of other income and expense for 2013, 2012 and 2011 (in millions): Interest and dividend income Interest expense Other expense, net $ Total other income/(expense), net $ 2013 1,616 $ (136) (324) 1,156 $ 2012 1,088 $ 0 (566) 522 $ 2011 519 0 (104) 415 Created by EDGAR Online, Inc. APPLE INC TABLE36 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Note 4 - Goodwill and Other Intangible Assets The Company's acquired intangible assets with definite useful lives primarily consist of patents and licenses and are amortized over periods typically from three to seven years. The following table summarizes the components of gross and net intangible asset balances as of September 28, 2013 and September 29, 2012 (in millions): 2013 Gross Carrying Amount Definite lived and amortizable acquired intangible assets Indefinite lived and non-amortizable trademarks Total acquired intangible assets $ 6,081 $ 100 $ Net Carrying Amount Accumulated Amortization 6,181 (2,002) $ 0 $ (2,002) $ 4,079 100 4,179 2012 Gross Carrying Amount $ 5,166 $ 100 $ Net Carrying Amount Accumulated Amortization 5,266 (1,042) $ 0 $ (1,042) $ 4,124 100 4,224 Created by EDGAR Online, Inc. APPLE INC TABLE37 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents 2014 $ 2015 2016 2017 2018 1,050 985 833 606 434 171 $ 4,079 Thereafter Total Created by EDGAR Online, Inc. APPLE INC TABLE38 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Note 5 - Income Taxes The provision for income taxes for 2013, 2012 and 2011, consisted of the following (in millions): 2013 Federal: Current Deferred $ State: Current Deferred Foreign: Current Deferred Provision for income taxes $ 9,334 1,878 2012 $ 7,240 5,018 2011 $ 3,884 2,998 11,212 12,258 6,882 1,084 (311) 1,182 (123) 762 37 773 1,059 799 1,559 (426) 1,203 (490) 769 (167) 1,133 713 602 13,118 $ 14,030 $ 8,283 Created by EDGAR Online, Inc. APPLE INC TABLE39 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Computed expected tax State taxes, net of federal effect Indefinitely invested earnings of foreign subsidiaries Research and development credit, net Domestic production activities deduction $ Other Provision for income taxes Effective tax rate 2013 17,554 508 (4,614) (287) (308) 265 $ 13,118 26.20% $ 2012 19,517 $ 677 (5,895) (103) (328) 162 $ 14,030 25.20% 2011 11,973 552 (3,898) (167) (168) (9) $ 8,283 24.20% Created by EDGAR Online, Inc. APPLE INC TABLE40 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents 2013 Deferred tax assets: Accrued liabilities and other reserves Deferred revenue Basis of capital assets and investments Share-based compensation Other $ 1,892 1,475 1,020 458 1,029 2012 $ 1,346 1,145 451 411 947 Total deferred tax assets Less valuation allowance 5,874 0 4,300 0 Deferred tax assets, net of valuation allowance 5,874 4,300 Deferred tax liabilities: Unremitted earnings of foreign subsidiaries Other 18,044 112 14,712 456 Total deferred tax liabilities 18,156 15,168 Net deferred tax liabilities $ (12,282) $ (10,868) Created by EDGAR Online, Inc. APPLE INC TABLE41 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Beginning Balance Increases related to tax positions taken during a prior year Decreases related to tax positions taken during a prior year Increases related to tax positions taken during the current year Decreases related to settlements with taxing authorities Decreases related to expiration of statute of limitations $ Ending Balance $ 2013 2,062 $ 2012 1,375 745 340 (118) (107) 626 467 (592) (3) (9) (10) 2,714 $ 2,062 $ 2011 943 49 (39) 425 0 (3) $ 1,375 Created by EDGAR Online, Inc. APPLE INC TABLE42 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Floating-rate notes, due 2016 Floating-rate notes, due 2018 Fixed-rate 0.45% notes due 2016 Fixed-rate 1.00% notes due 2018 Fixed-rate 2.40% notes due 2023 Fixed-rate 3.85% notes due 2043 Total Amount (in millions) $ $ 1,000 2,000 1,500 4,000 5,500 3,000 17,000 Effective Rate 0.51% 1.10% 0.51% 1.08% 2.44% 3.91% Created by EDGAR Online, Inc. APPLE INC TABLE43 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents 2014 $0 2015 2016 2017 2018 Thereafter Total $ 0 2,500 0 6,000 8,500 17,000 Created by EDGAR Online, Inc. APPLE INC TABLE44 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Dividend and Stock Repurchase Program The Company declared and paid cash dividends per common share during the periods presented as follows: First quarter Second quarter Third quarter Fourth quarter 2013 Dividends Amount Per Share (in millions) $ 2.65 $ $ 2.65 $ 3.05 $ 3.05 $ 2,486 2,490 2,789 2,763 10,528 Created by EDGAR Online, Inc. APPLE INC TABLE45 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Cumulative foreign currency translation Net unrecognized gains/losses on derivative instruments Net unrealized gains/losses on marketable securities $ Accumulated other comprehensive income/(loss) $ 2013 (105) (175) (191) (471) 2012 $8 (240) 731 $ 499 Created by EDGAR Online, Inc. APPLE INC TABLE46 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Restricted Stock Units A summary of the Company's RSU activity and related information for 2013, 2012 and 2011, is as follows: WeightedAverage Grant Date Fair Value $ 165.63 $ 312.63 $ 168.08 $ 189.08 Aggregate Intrinsic Value (in millions) Balance at September 25, 2010 RSUs granted RSUs vested RSUs cancelled Number of RSUs (in thousands) 13,034 6,667 (4,513) (742) Balance at September 24, 2011 RSUs granted RSUs vested RSUs cancelled 14,446 7,799 (6,305) (935) $ $ $ $ 231.49 431.35 205.27 256.01 Balance at September 29, 2012 RSUs granted RSUs vested RSUs cancelled 15,005 5,631 (6,042) (1,268) $ $ $ $ 344.87 547.62 321.73 401.17 Balance at September 28, 2013 13,326 $ 435.70 $6,433 Created by EDGAR Online, Inc. APPLE INC OPTIONS_AGGREGATE Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Stock Options A summary of the Company's stock option activity and related information for 2013, 2012 and 2011, is as follows: Outstanding Options WeightedAverage Exercise Price $ $ $ $ Balance at September 25, 2010 Options granted Options cancelled Options exercised Number of Options (in thousands) 21,725 1 (163) (9,697) Balance at September 24, 2011 Options assumed Options cancelled Options exercised 11,866 41 (25) (5,337) $ $ $ $ 108.64 30.86 103.22 84.85 Balance at September 29, 2012 Options granted Options assumed Options cancelled Options exercised 6,545 8 29 (8) (2,480) $ $ $ $ $ 127.56 30.36 210.08 108.87 108.33 Balance at September 28, 2013 4,094 $ 139.65 Exercisable at September 28, 2013 4,072 $ 140.07 22 $ 61.93 Expected to vest after September 28, 2013 90.46 342.62 128.42 67.63 WeightedAverage Remaining Contractual Term (in years) Aggregate Intrinsic Value (in millions) 1.10 $ 1,405 1.00 $ 1,396 7.80 $9 Created by EDGAR Online, Inc. APPLE INC TABLE47 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Cost of sales Research and development Selling, general and administrative $ Total share-based compensation expense $ 2013 350 $ 917 986 2,253 $ 2012 265 668 807 1,740 $ $ 2011 200 450 518 1,168 Created by EDGAR Online, Inc. APPLE INC TABLE48 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Beginning accrued warranty and related costs Cost of warranty claims Accruals for product warranty $ Ending accrued warranty and related costs $ 2013 1,638 $ (3,703) 5,032 2,967 $ 2012 1,240 (1,786) 2,184 1,638 $ $ 2011 761 (1,147) 1,626 1,240 Created by EDGAR Online, Inc. APPLE INC TABLE49 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents 2014 $ 2015 2016 2017 2018 610 613 587 551 505 1,855 $ 4,721 Thereafter Total minimum lease payments Created by EDGAR Online, Inc. APPLE INC TABLE50 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents 2013 2012 2011 Americas: Net sales Operating income $ $ 62,739 22,817 $ $ 57,512 23,414 $ $ 38,315 13,111 Europe: Net sales Operating income $ $ 37,883 13,025 $ $ 36,323 14,869 $ $ 27,778 11,209 Greater China: Net sales Operating income $ $ 25,417 8,541 $ $ 22,533 9,843 $ $ 12,690 5,246 Japan: Net sales Operating income $ $ 13,462 6,819 $ $ 10,571 5,861 $ $ 5,437 2,415 Rest of Asia Pacific: Net sales Operating income $ $ 11,181 3,753 $ $ 10,741 4,253 $ $ 9,902 4,004 Retail: Net sales Operating income $ $ 20,228 4,025 $ $ 18,828 4,613 $ $ 14,127 3,075 Created by EDGAR Online, Inc. APPLE INC TABLE51 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Segment operating income Other corporate expenses, net Share-based compensation expense $ Total operating income $ 2013 58,980 $ (7,728) (2,253) 2012 62,853 (5,872) (1,740) 48,999 55,241 $ $ $ 2011 39,060 (4,102) (1,168) 33,790 Created by EDGAR Online, Inc. APPLE INC TABLE52 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents 2013 Segment assets: Americas Europe Greater China Japan Rest of Asia-Pacific Retail $ Total segment assets Corporate assets Total assets 5,653 3,134 2,943 2,932 923 3,329 2012 $ 18,914 188,086 $ 207,000 5,525 3,095 1,321 1,698 913 2,725 15,277 160,787 $ 176,064 Created by EDGAR Online, Inc. APPLE INC TABLE53 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents 2013 Net sales: U.S. China (a) Other countries Total net sales 2012 $ 66,197 25,946 78,767 $ 60,949 22,797 72,762 $ 41,812 12,472 53,965 $ 170,910 $ 156,508 $ 108,249 2013 Long-lived assets: U.S. China (a) Other countries Total long-lived assets 2011 2012 $ 7,399 7,403 2,786 $ 6,012 7,314 2,560 $ 17,588 $ 15,886 Created by EDGAR Online, Inc. APPLE INC TABLE54 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents 2013 Net Sales by Product: iPhone (a) iPad (a) Mac (a) iPod (a) iTunes, Software and Services (b) Accessories (c) Total net sales 2012 $ 91,279 31,980 21,483 4,411 16,051 5,706 $ 78,692 30,945 23,221 5,615 12,890 5,145 $ 170,910 $ 156,508 2011 $ 45,998 19,168 21,783 7,453 9,373 4,474 $ 108,249 Created by EDGAR Online, Inc. APPLE INC TABLE55 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Note 12 - Selected Quarterly Financial Information (Unaudited) The following tables show a summary of the Company's quarterly financial information for each of the four quarters of 2013 and 2012 (in millions, except per share amounts): Fourth Quarter 2013 Net sales Gross margin Net income Earnings per share (a): Basic Diluted Second Quarter $ $ $ 37,472 13,871 7,512 $ $ $ 35,323 13,024 6,900 $ $ $ 43,603 16,349 9,547 $ $ 8.31 8.26 $ $ 7.51 7.47 $ $ 10.16 10.09 Fourth Quarter 2012 Net sales Gross margin Net income Earnings per share (a): Basic Diluted Third Quarter Third Quarter Second Quarter $ $ $ 35,966 14,401 8,223 $ $ $ 35,023 14,994 8,824 $ $ $ 39,186 18,564 11,622 $ $ 8.76 8.67 $ $ 9.42 9.32 $ $ 12.45 12.30 First Quarter $ $ $ 54,512 21,060 13,078 $ $ 13.93 13.81 First Quarter $ $ $ 46,333 20,703 13,064 $ $ 14.03 13.87 Created by EDGAR Online, Inc. APPLE INC TABLE56 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Exhibit Number Exhibit Description 3.10 Restated Articles of Incorporation, filed with the Secretary of State of the State of California on July 10, 2009. 10.1* 10.2* 10.3* 10.4* 10.5* 10.6* 10.7* Form 10-Q 3.20 Amended Bylaws of the Registrant, as of April 20, 2011. 10-Q 4.10 Form of Common Stock Certificate of the Registrant. 10-Q 4.20 Indenture, dated as of April 29, 2013, between the Registrant and The Bank of New York Mellon Trust Company, N.A., as Trustee. S-3 4.30 Officer's Certificate of the Registrant, dated as of May 3, 2013, including forms of global notes representing the Floating Rate Notes due 2016, Floating Rate Notes due 2018, 0.45% Notes due 2016, 1.00% Notes due 2018, 2.40% Notes due 2023 and 3.85% Notes due 2043. 8-K Amended Employee Stock Purchase Plan, effective as of March 8, 2010. 10-Q Form of Indemnification Agreement between the Registrant and each director and executive officer of the Registrant. 10-Q 1997 Director Stock Plan, as amended through May 24, 2012. 10-Q 2003 Employee Stock Plan, as amended through February 25, 2010. 8-K Form of Restricted Stock Unit Award Agreement effective as of November 11, 2008. 10-Q Form of Restricted Stock Unit Award Agreement effective as of November 16, 2010. 10-Q Form of Restricted Stock Unit Award Agreement effective as of April 6, 2012. 10-Q 10.8* Summary Description of Amendment, effective as of May 24, 2012, to certain Restricted Stock Unit Award Agreements outstanding as of April 5, 2012. 12.1** Computation of Ratio of Earnings to Fixed Charges. 21.1** Subsidiaries of the Registrant. 23.1** Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm. 24.1** Power of Attorney (included on the Signatures page of this Annual Report on Form 10-K). 31.1** Rule 13a-14(a) / 15d-14(a) Certification of Chief Executive Officer. 31.2** Rule 13a-14(a) / 15d-14(a) Certification of Chief Financial Officer. 32.1*** Section 1350 Certifications of Chief Executive Officer and Chief Financial Officer. 10-Q Incorporated by Reference Exhibit Filing Date/ Period End Date 3.10 6/27/09 3.20 3/26/11 4.10 12/30/06 4.10 4/29/13 4.10 5/3/13 10.10 3/27/10 10.20 6/27/09 10.30 6/30/12 10.10 3/1/10 10.10 12/27/08 10.10 12/25/10 10.80 3/31/12 10.80 6/30/12 Created by EDGAR Online, Inc. APPLE INC TABLE57 Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Exhibit Number Exhibit Description 101.INS** XBRL Instance Document. 101.SCH** XBRL Taxonomy Extension Schema Document. 101.CAL** XBRL Taxonomy Extension Calculation Linkbase Document. 101.DEF** XBRL Taxonomy Extension Definition Linkbase Document. 101.LAB** XBRL Taxonomy Extension Label Linkbase Document. 101.PRE** XBRL Taxonomy Extension Presentation Linkbase Document. Incorporated by Reference Form Exhibit Filing Date/ Period End Date Created by EDGAR Online, Inc. APPLE INC RATIO_COMPUTATION Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Exhibit 12.1 Apple Inc. Computation of Ratio of Earnings to Fixed Charges (In millions, except ratios) Years ended September 28, September 29, September 24, 2013 2012 2011 Earnings Earnings before income taxes Add: Fixed Charges Total Earnings Fixed Charges (a) Interest Expense Interest component of rental expense Total Fixed Charges Ratio of Earnings to Fixed Charges (b) $ 50,155 265 $ 55,763 98 $ 34,205 68 $ 50,420 $ 55,861 $ 34,273 $ 136 $0 129 $ 265 190 $0 98 $ 98 570 68 $ 68 504 September 25, September 26, 2010 2009 $ 18,540 54 $ 12,066 46 $ 18,594 $ 12,112 $0 $0 54 $ 54 344 46 $ 46 263 Created by EDGAR Online, Inc. APPLE INC SUBSIDIARIES Form Type: 10-K Period End: Sep 28, 2013 Date Filed: Oct 30, 2013 Table Of Contents Exhibit 21.1 SUBSIDIARIES OF APPLE INC.* Apple Sales International Apple Operations International Apple Operations Europe Braeburn Capital, Inc. Jurisdiction of Incorporation Ireland Ireland Ireland Nevada, U.S. Created by EDGAR Online, Inc. APPLE INC Table_Of_Contents Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Table Of Contents ------------------------------------------------TABLE1 TABLE2 TABLE3 TABLE4 TABLE5 TABLE6 TABLE7 TABLE8 TABLE9 TABLE10 TABLE11 TABLE12 TABLE13 TABLE14 TABLE15 TABLE16 TABLE17 TABLE18 TABLE19 TABLE20 TABLE21 TABLE22 TABLE23 INCOME STATEMENT TABLE24 BALANCE SHEET STOCKHOLDERS EQUITY CASH FLOW TABLE25 TABLE26 TABLE27 TABLE28 TABLE29 INCOME STATEMENT2 TABLE30 TABLE31 TABLE32 TABLE33 TABLE34 TABLE35 TABLE36 TABLE37 TABLE38 TABLE39 TABLE40 TABLE41 TABLE42 TABLE43 TABLE44 TABLE45 TABLE46 INCOME STATEMENT3 TABLE47 TABLE48 TABLE49 TABLE50 TABLE51 TABLE52 TABLE53 BALANCE SHEET2 TABLE54 TABLE55 TABLE56 TABLE57 TABLE58 RATIO COMPUTATION SUBSIDIARIES Created by EDGAR Online, Inc. APPLE INC TABLE1 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents California (State or other jurisdiction of incorporation or organization) 94-2404110 (I.R.S. Employer Identification No.) 1 Infinite Loop Cupertino, California (Address of principal executive offices) 95014 (Zip Code) Registrant's telephone number, including area code: (408) 996-1010 Created by EDGAR Online, Inc. APPLE INC TABLE2 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents 2014 price range per share 2013 price range per share $ $ Fourth Quarter 103.74 $ 73.39 $ - 92.09 57.32 $ $ Third Quarter 95.05 66.54 Third Quarter $ $ - 73.05 55.01 $ $ Second Quarter 80.18 $ 79.29 $ - 70.51 59.86 $ $ First Quarter 82.16 $ 96.68 $ - 67.77 71.60 Created by EDGAR Online, Inc. APPLE INC TABLE3 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Purchases of Equity Securities by the Issuer and Affiliated Purchasers Share repurchase activity during the three months ended September 27, 2014 was as follows (in millions, except number of shares, which are reflected in thousands, and per share amounts): Q4 Fiscal Periods June 29, 2014 to August 2, 2014: Open Market Purchases August 3, 2014 to August 30, 2014: August 2014 ASR Open Market Purchases August 31, 2014 to September 27, 2014: Open Market Purchases Total Total Number of Shares Purchased Average Price Paid Per Share 19,530 59,924 56,062 5,663 141,179 $ 96.77 $ 98.83 $ 100.64 (2) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1) 19,530 (2) 59,924 56,062 (2) 5,663 $22,050 Created by EDGAR Online, Inc. APPLE INC TABLE4 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents September Apple Inc. S&P 500 Index Dow Jones U.S. Technology Supersector Index S&P Information Technology Index $ $ September September 2009 2010 2011 100 $ 160 $ 222 100 $ 110 $ 111 $ 100 $ 112 $ 115 $ 100 $ 111 $ 115 September $ $ September September 2012 2013 2014 367 $ 272 $ 407 145 $ 173 $ 207 $ 150 $ 158 $ 205 $ 152 $ 163 $ 210 Created by EDGAR Online, Inc. APPLE INC TABLE5 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Net sales Net income Earnings per share: Basic Diluted Cash dividends declared per share Shares used in computing earnings per share: Basic Diluted Total cash, cash equivalents and marketable securities Total assets Commercial paper Long-term debt Other long-term obligations (1) Total liabilities Total shareholders' equity $ $ 2014 182,795 $ 39,510 $ $ $ 6.49 6.45 $ $ 5.72 5.68 $ 1.82 $ 1.64 6,085,572 6,122,663 2013 170,910 37,037 6,477,320 6,521,634 $ $ $ $ 155,239 $ 231,839 $ 6,308 $0 28,987 $ 146,761 207,000 $ $ $ 24,826 120,292 111,547 20,208 83,451 123,549 $ $ $ 16,960 $ $ 2012 156,508 $ 41,733 $ 2011 108,249 $ 25,922 $ $ $ 6.38 6.31 4.01 3.95 $ 0.38 $0 $ $ 6,543,726 6,617,483 $ $ 2010 65,225 14,013 2.20 2.16 $0 6,469,806 6,556,514 6,366,224 6,472,983 $ $ $0 $0 121,251 176,064 $ $ $0 $0 81,570 116,371 $ $ $0 $0 51,011 75,183 $ $ $ 16,664 57,854 118,210 $ $ $ 10,100 39,756 76,615 $ $ $ 5,531 27,392 47,791 Created by EDGAR Online, Inc. APPLE INC TABLE6 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Sales Data The following table shows net sales by operating segment and net sales and unit sales by product during 2014, 2013 and 2012 (dollars in millions and units in thousands): 2014 Change Net Sales by Operating Segment: Americas Europe Greater China Japan Rest of Asia Pacific Retail Total net sales Net Sales by Product: iPhone (1) iPad (1) Mac (1) iPod (1) iTunes, Software and Services (2) Accessories (3) Total net sales Unit Sales by Product: iPhone iPad Mac iPod 2013 $ 65,232 40,929 29,846 14,982 10,344 21,462 4% $ 8% 17% 11% -7% 6% 62,739 37,883 25,417 13,462 11,181 20,228 $ 182,795 7% $ 170,910 $ 101,991 30,283 24,079 2,286 18,063 6,093 12% $ -5% 12% -48% 13% 7% 91,279 31,980 21,483 4,411 16,051 5,706 $ 182,795 7% $ 170,910 169,219 67,977 18,906 14,377 13% -4% 16% -45% 150,257 71,033 16,341 26,379 Change 2012 9% $ 4% 13% 27% 4% 7% 57,512 36,323 22,533 10,571 10,741 18,828 9% $ 156,508 16% $ 3% -7% -21% 25% 11% 78,692 30,945 23,221 5,615 12,890 5,145 9% $ 156,508 20% 22% -10% -25% 125,046 58,310 18,158 35,165 Created by EDGAR Online, Inc. APPLE INC TABLE7 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Product Performance iPhone The following table presents iPhone net sales and unit sales information for and 2012 (dollars in millions and units in thousands): 2014, 2013 Net sales Percentage of total net sales Unit sales $ 2014 Change 101,991 12% $ 56% 169,219 13% 2013 91,279 53% 150,257 Change 16% $ 20% 2012 78,692 50% 125,046 Created by EDGAR Online, Inc. APPLE INC TABLE8 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Net sales Percentage of total net sales Unit sales $ 2014 Change 30,283 (5 )% $ 17% 67,977 (4 )% 2013 Change 31,980 3% 19% 71,033 22% $ 2012 30,945 20% 58,310 Created by EDGAR Online, Inc. APPLE INC TABLE9 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Net sales Percentage of total net sales Unit sales $ 2014 Change 24,079 12% $ 13% 18,906 16% 2013 Change 21,483 (7 )% 13% 16,341 (10 )% $ 2012 23,221 15% 18,158 Created by EDGAR Online, Inc. APPLE INC TABLE10 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents iTunes, Software and Services Percentage of total net sales $ 2014 Change 18,063 13% $ 10% 2013 Change 16,051 25% 9% $ 2012 12,890 8% Created by EDGAR Online, Inc. APPLE INC TABLE11 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Americas 2012 The following table presents Americas net sales information for 2014, 2013 and (dollars in millions): Net sales Percentage of total net sales $ 2014 Change 65,232 4% $ 36% 2013 62,739 37% 2013 and Change 9% $ 2012 57,512 37% Created by EDGAR Online, Inc. APPLE INC TABLE12 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Europe 2012 The following table presents Europe net sales information for 2014, 2013 and (dollars in millions): Net sales Percentage of total net sales $ 2014 Change 40,929 8% $ 22% 2013 37,883 22% Change 4% $ 2012 36,323 23% Created by EDGAR Online, Inc. APPLE INC TABLE13 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Greater China The following table presents Greater China net sales information for 2014, 2013 and 2012 (dollars in millions): Net sales Percentage of total net sales $ 2014 Change 29,846 17% $ 16% 2013 Change 25,417 13% 15% $ 2012 22,533 14% Created by EDGAR Online, Inc. APPLE INC TABLE14 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Japan The following table presents Japan net sales information for 2014, 2013 and 2012 (dollars in millions): Net sales Percentage of total net sales $ 2014 Change 14,982 11% $ 8% 2013 Change 13,462 27% 8% $ 2012 10,571 7% Created by EDGAR Online, Inc. APPLE INC TABLE15 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Rest of Asia Pacific 2014, 2013 The following table presents Rest of Asia Pacific net sales information for and 2012 (dollars in millions): Net sales Percentage of total net sales $ 2014 Change 10,344 (7 )% 6% ormation for $ 2013 Change 11,181 4% $ 7% 2012 10,741 7% Created by EDGAR Online, Inc. APPLE INC TABLE16 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Retail The following table presents Retail information for the years ended and as of September 27, 2014, September 28, 2013 and September 29, 2012 (dollars in millions): Net sales Percentage of total net sales $ 2014 Change 21,462 6% $ 12% 2013 Change 20,228 7% 12% U.S. stores International stores 259 178 254 162 Total store count 437 416 46,200 42,800 Headcount $ 2012 18,828 12% 250 140 390 42,400 Created by EDGAR Online, Inc. APPLE INC TABLE17 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Gross Margin Gross margin for 2014, 2013 and 2012 are as follows (dollars in millions): Net sales Cost of sales $ Gross margin $ Gross margin percentage 2014 182,795 $ 112,258 70,537 38.60% $ 2013 170,910 $ 106,606 64,304 37.60% $ 2012 156,508 87,846 68,662 43.90% Created by EDGAR Online, Inc. APPLE INC TABLE18 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Operating Expenses Operating expenses for 2014, 2013 and 2012 are as follows (dollars in millions): Research and development Percentage of total net sales Selling, general and administrative Percentage of total net sales Total operating expenses Percentage of total net sales $ $ $ 2014 Change 6,041 35% $ 3% 11,993 11% $ 7% 18,034 18% $ 10% 2013 4,475 3% 10,830 6% 15,305 9% Change 32% $ 8% $ 14% $ 2012 3,381 2% 10,040 6% 13,421 9% Created by EDGAR Online, Inc. APPLE INC TABLE19 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Other Income and Expense Other income and expense for 2014, 2013 and 2012 are as follows (dollars in millions): Interest and dividend income Interest expense Other expense, net $ Total other income/(expense), net $ 2014 Change 1,795 (384) (431) 980 (15 $ )% $ 2013 1,616 (136) (324) 1,156 Change $ 121% $ 2012 1,088 0 (566) 522 Created by EDGAR Online, Inc. APPLE INC TABLE20 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Provision for Income Taxes Provision for income taxes and effective tax rates for 2014, 2013 and 2012 are as follows (dollars in millions): Provision for income taxes Effective tax rate $ 2014 13,973 $ 26.10% 2013 13,118 $ 26.20% 2012 14,030 25.20% Created by EDGAR Online, Inc. APPLE INC TABLE21 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Cash, cash equivalents and marketable securities Property, plant and equipment, net Long-term debt Working capital $ $ $ $ 2014 155,239 20,624 28,987 5,083 Cash generated by operating activities Cash used in investing activities Cash used in financing activities $ $ $ 59,713 (22,579) (37,549) $ $ $ $ 2013 146,761 16,597 16,960 29,628 $ $ $ 53,666 $ (33,774) $ (16,379) $ $ $ $0 $ 2012 121,251 15,452 19,111 50,856 (48,227) (1,698) Created by EDGAR Online, Inc. APPLE INC TABLE22 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Dividends and Open Market Taxes Related Dividend Accelerated Share Share to Settlement of Equivalents Paid Repurchases Repurchases Equity Awards 2014 $ 11,126 $ 21,000 $ 24,000 $ 1,158 2013 10,564 13,950 9,000 1,082 2012 2,488 0 0 56 Total $ 24,178 $ 34,950 $ 33,000 $ 2,296 Total $ $ 57,284 34,596 2,544 94,424 Created by EDGAR Online, Inc. APPLE INC TABLE23 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Long-term debt Operating leases Purchase commitments Other obligations Total Payments Due in Less Than 1 Year $0 Payments Due in Payments Due in 1-3 Years 4-5 Years $ 5,000 $ 9,000 662 1,321 1,127 24,529 0 0 2,056 1,276 19 $ 27,247 $ 7,597 $ 10,146 Payments Due in More Than 5 Years Total $ 15,000 $ 1,877 0 0 $ 16,877 $ 29,000 4,987 24,529 3,351 61,867 Created by EDGAR Online, Inc. APPLE INC INCOME_STATEMENT Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 28, September 27, Net sales Cost of sales $ 2014 182,795 $ 112,258 2013 170,910 106,606 Gross margin 70,537 64,304 Operating expenses: Research and development Selling, general and administrative 6,041 11,993 4,475 10,830 Total operating expenses 18,034 15,305 Operating income Other income/(expense), net 52,503 980 48,999 1,156 Income before provision for income taxes Provision for income taxes 53,483 13,973 50,155 13,118 Net income $ 39,510 $ 37,037 Earnings per share: Basic Diluted $ $ 6.49 6.45 $ $ 5.72 5.68 Shares used in computing earnings per share: Basic Diluted Cash dividends declared per common share 6,085,572 6,122,663 $ 1.82 6,477,320 6,521,634 $ 1.64 September 29, $ 2012 156,508 87,846 68,662 3,381 10,040 13,421 55,241 522 55,763 14,030 $ 41,733 $ $ 6.38 6.31 6,543,726 6,617,483 $ 0.38 Created by EDGAR Online, Inc. APPLE INC TABLE24 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Net income Other comprehensive income/(loss): Change in foreign currency translation, net of tax effects of $50, $35 and $13, respectively Change in unrecognized gains/losses on derivative instruments: Change in fair value of derivatives, net of tax benefit/(expense) of $(297), $(351) and $73, respectively Adjustment for net losses/(gains) realized and included in net income, net of tax expense/(benefit) of $(36), $255 and $220, respectively Total change in unrecognized gains/losses on derivative instruments, net of tax Change in unrealized gains/losses on marketable securities: Change in fair value of marketable securities, net of tax benefit/(expense) of $(153), $458 and $(421), respectively Adjustment for net losses/(gains) realized and included in net income, net of tax expense/(benefit) of $71, $82 and $68, respectively Total change in unrealized gains/losses on marketable securities, net of tax Years ended September 27, September 28, 2014 2013 $ 39,510 $ 37,037 (137) (112) 1,390 522 149 (458) 1,539 64 285 (791) (134) (131) 151 (922) Total other comprehensive income/(loss) Total comprehensive income 1,553 $ 41,063 (970) $ 36,067 September 29, 2012 $ 41,733 (15) (131) (399) (530) 715 (114) 601 56 $ 41,789 Created by EDGAR Online, Inc. APPLE INC BALANCE_SHEET Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 27, 2014 ASSETS: Current assets: Cash and cash equivalents Short-term marketable securities Accounts receivable, less allowances of $86 and $99, respectively Inventories Deferred tax assets Vendor non-trade receivables Other current assets $ 17,460 2,111 4,318 9,759 9,806 Total current assets Long-term marketable securities Property, plant and equipment, net Goodwill Acquired intangible assets, net Other assets Total assets LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: Accounts payable Accrued expenses Deferred revenue Commercial paper Total current liabilities Deferred revenue - non-current Long-term debt Other non-current liabilities Total liabilities Commitments and contingencies 13,844 11,233 68,531 130,162 20,624 4,616 4,142 3,764 $ 231,839 $ 30,196 18,453 8,491 6,308 63,448 3,031 28,987 24,826 120,292 Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value; 12,600,000 shares authorized; 5,866,161 and 6,294,494 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income/(loss) 23,313 87,152 1,082 Total shareholders' equity Total liabilities and shareholders' equity 111,547 $ 231,839 September 28, 2013 $ 14,259 26,287 13,102 1,764 3,453 7,539 6,882 73,286 106,215 16,597 1,577 4,179 5,146 $ 207,000 $ 22,367 13,856 7,435 0 43,658 2,625 16,960 20,208 83,451 19,764 104,256 (471) 123,549 $ 207,000 Created by EDGAR Online, Inc. APPLE INC STOCKHOLDERS_EQUITY Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except number of shares which are reflected in thousands) Common Stock and Additional Paid-In Capital Shares Balances as of September 24, 2011 Net income Other comprehensive income/(loss) Dividends and dividend equivalents declared Share-based compensation Common stock issued, net of shares withheld for employee taxes Tax benefit from equity awards, including transfer pricing adjustments Balances as of September 29, 2012 Net income Other comprehensive income/(loss) Dividends and dividend equivalents declared Repurchase of common stock Share-based compensation Common stock issued, net of shares withheld for employee taxes Tax benefit from equity awards, including transfer pricing adjustments Balances as of September 28, 2013 Amount 6,504,937 $ 13,331 0 0 0 0 0 0 0 1,740 69,521 200 0 1,151 6,574,458 16,422 0 0 0 0 0 (328,837) 0 0 0 2,253 48,873 (143) 0 1,232 6,294,494 19,764 Net income Other comprehensive income/(loss) Dividends and dividend equivalents declared Repurchase of common stock Share-based compensation Common stock issued, net of shares withheld for employee taxes Tax benefit from equity awards, including transfer pricing adjustments Balances as of September 27, 2014 0 0 0 0 0 (488,677) 0 0 0 2,863 60,344 (49) 0 735 5,866,161 $ 23,313 Accumulated Other Comprehensive Income/(Loss) Retained Earnings $ 62,841 $ Total Shareholders' Equity 443 $ 76,615 41,733 0 41,733 0 56 56 (2,523) 0 0 0 (2,523) 1,740 (762) 0 (562) 0 0 1,151 101,289 499 118,210 37,037 0 37,037 0 (970) (970) (10,676) (22,950) 0 0 0 0 (10,676) (22,950) 2,253 (444) 0 (587) 0 0 1,232 104,256 (471) 123,549 $ 39,510 0 39,510 0 1,553 1,553 (11,215) (45,000) 0 0 0 0 (11,215) (45,000) 2,863 (399) 0 (448) 0 0 735 87,152 $ 1,082 $ 111,547 Created by EDGAR Online, Inc. APPLE INC CASH_FLOW Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Years ended September 28, September 27, 2014 Cash and cash equivalents, beginning of the year Operating activities: Net income Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization Share-based compensation expense Deferred income tax expense Changes in operating assets and liabilities: Accounts receivable, net Inventories Vendor non-trade receivables Other current and non-current assets Accounts payable Deferred revenue Other current and non-current liabilities Cash generated by operating activities Investing activities: Purchases of marketable securities Proceeds from maturities of marketable securities Proceeds from sales of marketable securities Payments made in connection with business acquisitions, net Payments for acquisition of property, plant and equipment Payments for acquisition of $ 14,259 2013 $ 10,746 39,510 37,037 7,946 2,863 2,347 6,757 2,253 1,141 (4,232) (76) (2,220) 167 5,938 1,460 (2,172) (973) 223 1,080 2,340 1,459 6,010 4,521 59,713 53,666 (217,128) (148,489) 18,810 20,317 189,301 104,130 (3,765) (496) (9,571) (8,165) intangible assets Other Cash used in investing activities Financing activities: Proceeds from issuance of common stock Excess tax benefits from equity awards Taxes paid related to net share settlement of equity awards Dividends and dividend equivalents paid Repurchase of common stock Proceeds from issuance of long-term debt, net Proceeds from issuance of commercial paper, net Cash used in financing activities Increase/(decrease) in cash and cash equivalents (242) 16 (911) (160) (22,579) (33,774) 730 530 739 701 (1,158) (1,082) (11,126) (45,000) (10,564) (22,860) 11,960 16,896 6,306 0 (37,549) (16,379) (415) 3,513 Cash and cash equivalents, end of the year $ 13,844 $ 14,259 Supplemental cash flow disclosure: Cash paid for income taxes, net Cash paid for interest $ $ 10,026 $ 339 $0 9,128 September 29, 2012 $ 9,815 41,733 3,277 1,740 4,405 (5,551) (15) (1,414) (3,162) 4,467 2,824 2,552 50,856 (151,232) 13,035 99,770 (350) (8,295) (1,107) (48) (48,227) 665 1,351 (1,226) (2,488) 0 0 0 (1,698) 931 $ 10,746 $ $0 7,682 Created by EDGAR Online, Inc. APPLE INC TABLE25 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents 2014 Numerator: Net income Denominator: Weighted-average shares outstanding Effect of dilutive securities $ Weighted-average diluted shares Basic earnings per share Diluted earnings per share $ $ 39,510 2013 $ 37,037 6,085,572 37,091 6,477,320 44,314 6,122,663 6,521,634 6.49 6.45 $ $ 5.72 5.68 2012 $ 41,733 6,543,726 73,757 6,617,483 $ $ 6.38 6.31 Created by EDGAR Online, Inc. APPLE INC TABLE26 Form Type: 10-K Period End: Sep 27, 2014 Date Filed: Oct 27, 2014 Table Of Contents Note 2 - Financial Instruments Cash, Cash Equivalents and Marketable Securities The following tables show the Company's cash and available-for-salesecurities' adjusted cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category recorded as cash and cash equivalents or shortor long-term marketable securities as of September 27, 2014 and September 28, 2013 (in millions): Cash Adjusted Cost $ Unrealized Gains 10,232 $0 Unrealized Losses $0 Level 1: Money market funds Mutual funds 1,546 2,531 0 1 0 (132) Subtotal 4,077 1 (132) 23,140 7,373 15 3 (9) (11) 6,925 69 (69) 3,832 475 85,431 940 0 0 296 8 0 0 (241) 0 12,907 26 (49) 141,023 417 (379) Level 2: U.S. Treasury securities U.S. agency securities Non-U.S. government securities Certificates of deposit and time deposits Commercial paper Corporate securities