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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

Operating expenses:

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

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

Earnings per share:

Basic

$

2.36

$

1.68

$

9.07

$

7.18

Diluted

$

2.34

$

1.67

$

8.99

$

7.14

Shares used in computing earnings per share:

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

Cash dividends declared per share

$

0.73

Current assets:

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

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

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

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

Commitments and contingencies

Shareholders equity:

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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