Section 3: Balance Sheet 3a: The Basic Accounting Equation 3b: Largest Current and Non-Current Assets and Liabilities Updated 2/14/23 Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of sha For Gross Profit Calculation 8 , use Net Sales: Products - Cost of Sales Products Apple inc. CONSOLIDATED BALANCE SHEETS (In milions, except number of shares which are reflected in thousands and par value) ASSETS: Current assets: Cash and cash equivalents Markotable securities Accounts recelvable, net Inventories Vendor non-trade recelvables Other current assets Total current assets Non-current assets. Marketabie securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets \begin{tabular}{rr} 120,805 & 127,877 \\ 42,117 & 39,440 \\ 54,428 & 48,849 \\ \hline 217,350 \\ \hline 5 & 216,166 \\ \hline \end{tabular} LABILTTES AND SHAREHOLDERS' ECUITY: Current liabilities: Accounts psyable Other cumrent liablities Delerred revenue Commercial paper Torm debt Total current liabilities Non-current liabilities: Term debt Other non-curtent liabilities Total non-current fiabilities Total liabetios \begin{tabular}{rr} 88,859 & 109,106 \\ 49,142 \\ \hline 148,101 \\ \hline 302,083 \\ \hline \end{tabular} Commitments and contingencies Shareholdors' oquity: Common stock and additional paid-in capital, 50.00001 par value: 50,400,000 shares authorized; 15,943,425 and 16,426,786 shares issued and outstanding, respectively Retained eamings/(Aocumulated deficit) Accumulated other comprehensive incomellloss) Total shareholders' equity Total liabilities and sharoholders' oquity See acoompanying Notes to Consolidated Financlal Statements. Apple inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except per share amounts) Total shareholders' equity, beginning balances Common stock and additional paid-in capital: Beginning balances Common stock issued Common stock withheld related to net share settlement of equity awards Share-based compensation Ending balances \begin{tabular}{rrr} 57,365 & 50,779 & 45,174 \\ 1,175 & 1,105 & 880 \\ (2,971) & (2,627) & (2,250) \\ 9,280 & 8,108 & 6,975 \\ \hline 64,849 & 57,365 \\ \hline \end{tabular} Retained eamings/(Accumulated deficit): Beginning balances Net income Dividends and dividend equivalents declared Common stock withheld related to net share settiement of equily awards Common stock repurchased Cumulative effect of change in accounting principle Ending balances \begin{tabular}{|r|rr} \hline 5,562 & 14,966 & 45,898 \\ 99,803 & 94,680 & 57,411 \\ (14,793) & (14,431) & (14,087) \\ (3,454) & (4,151) & (1,604) \\ (90,186) & (85,502) & (72,516) \\ - & - & (136) \\ \hline(3,068) & 5,562 & 14,966 \\ \hline & \\ \hline \end{tabular} Accumulated other comprehensive income/(loss): Beginning balancos Other comprehensive income/(loss) Cumulative effect of change in accounting principle Ending balances Total shareholders' equity, ending balances Dividends and dividend equivalents declared per share or ASU See accompanying Notes to Consolidated Financial Statements. Apple Ine. CONSOLDATED STATEMENTE NE ANEU m AaA
