APPLE September 30, 2017 20.484 48,351 10,157 4.540 5.966 Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS Clomi) Yours ended September 28, 2019 September 29, 2018 Cash cash equivalents and restricted cash beginning balances 5 25.913 $ 20.289 Operating activities Netcome 55.255 59,531 Adjustments to moncile et income to cu penerated by opening activitie Depreciation and amortization 12547 10.903 Sharebe compensation expense 6,068 3400 Deferred income tax expense benefit) (340) (93.590) Other 16523 (440) Changes in operating assets and liabilities: Accounts receivable net (5.132) Leveres (289) 828 Veador non de receivable 2,931 18.0103 Other current and current 873 (423) Accounts payable 11.923) 9,175 Deferred 1625) (5) Other current and non- (4700) Cash pented by operating activities 69,191 77.434 Investing activities Purchases of marketable securities (39,630) (71.356 Procedures of marketle cities 10.100 551 Proceeds from sales of marketable securities 56958 47,835 Payment for quite of property, plastic (10,495) (13.313) Payment made in connection with business acquisitions, et (721) Purchase of securities 01.01 (1871) Proceeds from nortable curities 1614 353 Other (1.078) 75 Casheered by used inimesting activities 45.96 16.066 and white Proceeds frowance food 781 660 Prement of de (2017) Payment for deviends dividende (14195 (127123 (66) Procode france of term deset (805) Proceeds for peace paper , ST) (37) (105) Cascing 190.976 2.76 3431 14 Chinnatal attean 30214 25,90 22.093) 2,723) (4,254) (5.318) 8.966 (593) 1.092 54,225 1.469 (159,486) 1,75 94.564 (12451 (521) 126 (124) (46.446 355 (UN (12,769) 290 21662 1852 117.914) 195 15.353 5 3 10.4175 11.591 200 PE APPLE September 30, 2017 128.249 31.251 555 (1,468) 4.909 620 35,867 Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions) Years ended September 28, 2019 September 29, 2018 Total shareholders' equity, beginning balances 5 107.147 $ 134,0417 Common stock and additional pad-in capital Beginning balances 10.201 35.867 Common stock issued 781 669 Common stock withheld related to set share settlement of quity warde 2,000) (1.778) Share-hased compensation 6,194 5.443 Thx benefit from equity awards, including and pricing adjustments Ending balances 45.174 40,201 Retained carmings Beginning balances 20.400 98.330 Net income 55,256 59.531 Dividends and dividend equivalent declared (14,129) (13.735) Common stock withheld related to net share settlement of equity awards (1.029) {948) Common stock repurchased (67.101) (73.056) Cumulative effects of changes in accounting principles 2.501 278 Finding balances 45.898 70.400 Accumulated the comprehensive income (10) Beginning balances 0.454) (150) Other comprehensive income (loss) 2.781 Cicloco dunges in accounting principles 3.02) 89 (278) Fading balances (554) 454) Tocal holdesity ending balance 90489 107.141 96.364 48,351 (12.803) (581) 03.001) 98.330 634 (784) (150) 134047 See accompanying Notes to Consolidated Financial Statements APPLE September 30, 2017 1963.44 32,700 229.24 126,337 14,711 141 DEN Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (Ie million, except number of shares which are efected these and per share on Years ended September 2009 September 29, 2015 Net Products 213 23527 Services 6.291 39,748 Toaletas 260.174 206.595 Cost of sales Products 146996 148.164 Services 16785 15,592 Tolcost of us 161,72 161.756 Gross margin 98192 101 839 Opening Research and development 16217 14236 Selling med ministrative 12345 16,705 Total operating expenses 30.941 Operating income 6393 70.898 Other ince expense. 1.SOT 2.005 Income before provision for income taxes 65.737 72.900 Provision for income taxes 1048 13,372 Natcom 55.256 5 59.331 Farning per share basi 11:27 5 12.00 Diluted 1 3 5 11.91 Sharewed incoming carnish B 4.617.834 4,955.377 Dised 4. 5.000.00 See accompanying Nices e Comited Facial Statements 11:51 15.261 26.14 61.344 2,745 540N9 15.738 4351 5 $ 921 5.217.240 5.251.62 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME in million Younded Sober 2, 2019 September 23, 2018 September 29, 2017 Ne 55 1565 59.3315 48.351 Other code Og i forseti, stof Changi al loc oder 1660 523 1315 os C A 0.0 (TE) 0.000 (146 Toal.com 270 4797 September 29, 2018 5 Apple Inc. CONSOLIDATED BALANCE SHEETS (to millions, except number of shares which are reflected in thousands and par value) September 28, 2019 ASSETS Current Cash and cash equivalents 18.844 Marketable securities 51.713 Accounts receivable, net 22.926 Imenos 4.106 Vendor non-trade receivables 22.878 Other care 12.152 Total current 162.819 Non-cu Marketable securities 105,341 Property, plot and equipment ne 37,378 Other non- cs 32.975 Totalo-ceres 175.697 Totalt 338,516 25,913 40,388 23.186 3.956 25.809 12.07 131,339 170,799 41.104 22.283 34.J 365,725 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts per le Other current liabilities Dermed Commercial paper Terme Total current liabilities current Temde Other boutes Total concurrent liabilities 16,216 37,720 S.923 5.980 10.200 105,718 55 33,337 5566 11,964 14 115.99 91.87 S508 143,310 148,035 93.735 4914 14.59 Comments and contingencies Common Mock and additional paid in capital 50.000 purvalo 12.000.000 hores autor: 43.24.754986 shares med et standing, spectively 45144 40,201 10,400 0450 LOT 141 (50) Accophensive income an Tul Tubos de quity ping Notes to Cosed duted am 318516 nos no medhuc Paraphrasing Tool Al HW6 Sed 98.71/100 Total points awarded 4 Use Apple's financial statements in Appendix A to answer the following Required: 1. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (D) On September 29, 2018? 2. Inventories make up what percent of total assets (a) on September 28, 2019? (6) On September 29, 2018? 3. Assuming Apple has enough inventory to meet demand, does Apple prefer inventory to be a lower or higher percentage of total assets? 4. Compute (a) inventory turnover for fiscal year ended September 28, 2019, and (b) days' sales in inventory as of September 28, 2019, 6.14/714 points awarded Scored Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Required 3 Required 4 Print What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (b) on September 29, 2018? (Enter your answers in millions.) Amount fin millon) 4. 106 $ 3,956 (a) September 28, 2010 (b) September 29, 2018 Required 2 > Submitted 98.71/100 Total points 4. Use Apple's financial statements in Appendix A to answer the following Required: 1. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (6) On September 29, 2018? 2. Inventories make up what percent of total assets (a) on September 28, 2019? (b) On September 29, 2018? 3. Assuming Apple has enough inventory to meet demand, does Apple prefer inventory to be a lower or higher percentage of total assets? 4. Compute(a) inventory turnover for fiscal year ended September 28, 2019, and (b) days' sales in inventory as of September 28, 2019. 6.14/714 points awarded Scored Complete this question by entering your answers in the tabs below. ebook Required 1 Required 2 Required 3 Required 4 Inventories make up what percent of total assets (a) on September 28, 2019? (b) on September 29, 2018? (Round your answers to 2 decimal places.) Print (a) September 28, 2019 (1) September 29, 2018 % of Total Assets 121 % 1.08 HW6 Submitted Save on yol 98.71/1 4 Use Apple's financial statements in Appendix A to answer the following Required: 1. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (b) on September 29, 2018? 2. Inventories make up what percent of total assets (a) on September 28, 2019? (6) On September 29, 2018? 3. Assuming Apple has enough inventory to meet demand, does Apple prefer inventory to be a lower or higher percentage of total assets? 4. Compute(a) inventory turnover for fiscal year ended September 28, 2019, and (b) days' sales in inventory as of September 28, 2019. 6.14/7.14 points awarded Scored Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Required 3 Required 4 Print Assuming Apple has enough inventory to meet demand, does Apple prefer inventory to be a lower or higher percentage of total assets? Does Apple prefer inventory to be a lower or higher percentage of total assets? Lower