CALCULATE APPLE'S FREE CASH FLOW USING THE FOLLOWING INFORMATION

CONSOLIDATED STATEMENTS OF CASH FLOWS (in Millions) Years ended September 26, September 27, September 28, 2015 2014 2013 $ 13,844 $ 14.259 $ 10.746 53,394 39,510 37.037 11,257 3,586 1.382 7.946 2,863 2,347 6.757 2.253 1.141 611 (238) (3.735) (179) 5,400 1,042 8,746 81,266 (4.232) (76) (2.220) 167 5,938 1,460 6.010 59.713 (2.172) (973) 223 1,080 2,340 1,459 4,521 53,666 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: 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 term debt, net Change in commercial paper, net Cash used in financing activities Increase/(decrease) in cash and cash equivalents Cash and cash equivalents, end of the year Supplemental cash flow disclosure: Cash paid for income taxes, net Cash paid for interest (166,402) 14,538 107,447 (343) (11,247) (241) (26) (56,274) (217.128) 18,810 189,301 (3.765) (9.571) (242) 16 (22.579) (148,489) 20.317 104,130 (496) (8,165) (911) (160) (33.774) 543 749 (1,499) (11,561) (35,253) 27.114 2.191 (17,716) 7,276 21,120 $ 730 739 (1.158 (11,126) (45,000) 11.960 6,306 (37.549) (415) 13.844 $ 530 701 (1.082) (10,564) (22,860) 16.896 (16,379 3,513 14.259 $ $ $ 13,252 $ 514 $ 10,026 $ 339 $ 9,128 0 See accompanying Notes to Consolidated Financial Statements