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How Do I find How many shares of Apple common stock are issued and outstanding at ( a ) September 28, 2019, and ( b
How Do I find How many shares of Apple common stock are issued and outstanding at (a) September 28, 2019, and (b) September 29, 2018?
AA 13-1 Company Analysis LO C2, A1 Use Apple's financial statements in Appendix A to answer the following. 1. How many shares of Apple common stock are issued and outstanding at (a) September 28, 2019, and (b) September 29, 2018? 2. What is the total amount of cash dividends paid to common stockholders for the years ended (a) September 28, 2019, and (b) September 29, 2018? 3. Identify basic earnings per share (EPS) amounts for fiscal years (a) 2019 and (b) 2018. 4. Is Apple's earnings per share (EPS) on a favorable or unfavorable trend from 2018 to 2019? 5. If Apple buys back outstanding shares from investors, would you expect earnings per share (EPS) to increase or decrease from the buyback? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 How many shares of Apple common stock are issued and outstanding at (a) September 28, 2019, and (b) September 29, 2018? (Enter the number of shares in thousands.) Common Stock 90.488 (a) September 28, 2019 (b) September 29, 2018 107,147 Appendix A Financial Statement Information A-3 APPLE September 30, 2017 S 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 107,147 134,047 Common stock and additional paid-in capital Beginning balances 40,201 35,867 Common stock issued 781 669 Common stock withheld related to net share settlement of equity awards (2.002) (1.778) Share-based compensation 6,194 5,443 Tax benefit from equity awards, including transfer pricing adjustments Ending balances 45,174 40,201 Retained earnings Beginning balances 70,400 98,330 Net income 55,256 59,531 Dividends and dividend equivalents 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 Ending balances 45.898 70,400 Accumulated other comprehensive income (loss) Beginning balances (3.454) (150) Other comprehensive income (loss) 2,781 (3,026) Cumulative effects of changes in accounting principles 89 (278) Ending balances (584) (3,454) Total shareholders' equity, ending balances 90,488 107,147 96,364 48,351 (12.803) (581) (33,001) 98,330 634 (784) (150) 134,047 $ s See accompanying Notes to Consolidated Financial StatementsStep by Step Solution
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