9/26/20 9/28/19 9/29/18 9/30/17 9/26/20 $274,515 $169,559 $104,956 9/28/19 $260,174 $ 161,782 $98,392 9/29/18 $265,595 $163,756 $101,839 9/30/17 $229,234 $141,048 $88,186 $ 38,016 52,927 37,445 4,061 11,264 143,713 $48,844 $51,713 $45,804 $4,106 $12,352 $162,819 $25,913 $40,388 $48,995 $3,956 $12,087 $131,339 $20,289 $53,892 $35,673 $4,855 $13,936 $128,645 1. Apple Annual Balance Sheet (in millions) PERIOD ENDING: CURRENT ASSETS Cash and Cash Equivalents Short-Term Investments Net Receivables Inventory Other Current Assets Total Current Assets LONG-TERM ASSETS Long-Term Investments Property, plant and equipment, net Other Assets Total Assets CURRENT LIABILITIES Accounts Payable Short-Term Debt / Current Portion of Long-Term Debt Other Current Liabilities Total Current Liabilities Long-Term Debt Other Liabilities Total Liabilities STOCK HOLDERS EQUITY Common Stocks Capital Surplus Other Equity Total Equity Total Liabilities & Equity Annual Income Statement (in millions) PERIOD ENDING: Total Revenue Cost of Revenue Gross Profit OPERATING EXPENSES Research and Development Sales, General and Admin. Operating Income Add'l income/expense items Earnings Before Interest and Tax Interest Expense Earnings Before Tax Income Tax Net Income 100,887 36,766 42,522 323,888 $105,341 $37,378 $32,978 $338,516 $170,799 $41,304 $22,283 $365,725 $194,714 $33,783 $18,177 $375,319 $18,752 $19,916 $66,288 $803 $67,091 $0 $67,091 $9,680 $57,411 $16,217 $18,245 $63,930 $1,807 $65,737 $0 $65,737 $10,481 $55,256 $14,236 $16,705 $70,898 $2,005 $72,903 $0 $72,903 $13,372 $59,531 $11,581 $15,261 $61,344 $2,745 $64,089 $0 $64,089 $15,738 $48,351 $ $ $ Changes (%) '19-20 '18-'19 2020 2019 2018 42,296 13,769 49,327 105,392 98,667 54,490 258,549 $46,236 $16,240 $43,242 $105,718 $91,807 $50,503 $248,028 $55,888 $20,748 $39,293 $115,929 $93,735 $48,914 $258,578 $44,242 $18,473 $38,099 $100,814 $97,207 $40,415 $241,272 Apple Days Sales Outstanding Days Inventory Outstanding Days Payable Outstanding Cash Conversion Cycle 50,779 14,966 (406) 65,339 323,888 $45,174 $45,898 ($584) $90,488 $338,516 $40,201 $70,400 ($3,454) $107,147 $365,725 $35,867 $98,330 ($150) $134,047 $375,319 $