Question
find the following information for Apple, Inc. for the latest available quarter Total Sales Net Income Equity Total Assets June 30, 2018 July 1, 2017
find the following information for Apple, Inc. for the latest available quarter
Total Sales
Net Income
Equity
Total Assets
June 30, 2018 |
| July 1, 2017 |
| June 30, 2018 |
| July 1, 2017 | |||||||||
Net sales | $ | 53,265 |
|
| $ | 45,408 |
|
| $ | 202,695 |
|
| $ | 176,655 |
|
Cost of sales | 32,844 |
|
| 27,920 |
|
| 124,940 |
|
| 108,400 |
| ||||
Gross margin | 20,421 |
|
| 17,488 |
|
| 77,755 |
|
| 68,255 |
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Operating expenses: |
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Research and development | 3,701 |
|
| 2,937 |
|
| 10,486 |
|
| 8,584 |
| ||||
Selling, general and administrative | 4,108 |
|
| 3,783 |
|
| 12,489 |
|
| 11,447 |
| ||||
Total operating expenses | 7,809 |
|
| 6,720 |
|
| 22,975 |
|
| 20,031 |
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Operating income | 12,612 |
|
| 10,768 |
|
| 54,780 |
|
| 48,224 |
| ||||
Other income/(expense), net | 672 |
|
| 540 |
|
| 1,702 |
|
| 1,948 |
| ||||
Income before provision for income taxes | 13,284 |
|
| 11,308 |
|
| 56,482 |
|
| 50,172 |
| ||||
Provision for income taxes | 1,765 |
|
| 2,591 |
|
| 11,076 |
|
| 12,535 |
| ||||
Net income | $ | 11,519 |
|
| $ | 8,717 |
|
| $ | 45,406 |
|
| $ | 37,637 |
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Earnings per share: |
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|
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Basic | $ | 2.36 |
|
| $ | 1.68 |
|
| $ | 9.07 |
|
| $ | 7.18 |
|
Diluted | $ | 2.34 |
|
| $ | 1.67 |
|
| $ | 8.99 |
|
| $ | 7.14 |
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Shares used in computing earnings per share: |
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Basic | 4,882,167 |
|
| 5,195,088 |
|
| 5,006,640 |
|
| 5,239,847 |
| ||||
Diluted | 4,926,609 |
|
| 5,233,499 |
|
| 5,050,963 |
|
| 5,274,394 |
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Cash dividends declared per share | $ | 0.73 |
|
Current assets: |
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Cash and cash equivalents | $ | 31,971 |
|
| $ | 20,289 |
|
Short-term marketable securities | 38,999 |
|
| 53,892 |
| ||
Accounts receivable, net | 14,104 |
|
| 17,874 |
| ||
Inventories | 5,936 |
|
| 4,855 |
| ||
Vendor non-trade receivables | 12,263 |
|
| 17,799 |
| ||
Other current assets | 12,488 |
|
| 13,936 |
| ||
Total current assets | 115,761 |
|
| 128,645 |
| ||
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Long-term marketable securities | 172,773 |
|
| 194,714 |
| ||
Property, plant and equipment, net | 38,117 |
|
| 33,783 |
| ||
Other non-current assets | 22,546 |
|
| 18,177 |
| ||
Total assets | $ | 349,197 |
|
| $ | 375,319 |
|
|
|
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LIABILITIES AND SHAREHOLDERS EQUITY: | |||||||
Current liabilities: |
|
|
| ||||
Accounts payable | $ | 38,489 |
|
| $ | 49,049 |
|
Accrued expenses | 25,184 |
|
| 25,744 |
| ||
Deferred revenue | 7,403 |
|
| 7,548 |
| ||
Commercial paper | 11,974 |
|
| 11,977 |
| ||
Current portion of long-term debt | 5,498 |
|
| 6,496 |
| ||
Total current liabilities | 88,548 |
|
| 100,814 |
| ||
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Deferred revenue, non-current | 2,878 |
|
| 2,836 |
| ||
Long-term debt | 97,128 |
|
| 97,207 |
| ||
Other non-current liabilities | 45,694 |
|
| 40,415 |
| ||
Total liabilities | 234,248 |
|
| 241,272 |
| ||
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Commitments and contingencies |
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Shareholders equity: |
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|
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Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 4,842,917 and 5,126,201 shares issued and outstanding, respectively | 38,624 |
|
| 35,867 |
| ||
Retained earnings | 79,436 |
|
| 98,330 |
| ||
Accumulated other comprehensive income/(loss) | (3,111 | ) |
| (150 | ) | ||
Total shareholders equity | 114,949 |
|
| 134,047 |
| ||
Total liabilities and shareholders equity | $ | 349,197 |
|
| $ | 375,319 |
|
See accompanying Notes to Condensed Consolidated Financial Statements.
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