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Please answer the following questions using this information: https://www.sec.gov/Archives/edgar/data/320193/000119312515356351/d17062d10k.htm According to the consolidated balance sheets, Apple reported Long-Term Debt of $75,427 and $53,329 at the
Please answer the following questions using this information:
https://www.sec.gov/Archives/edgar/data/320193/000119312515356351/d17062d10k.htm
- According to the consolidated balance sheets, Apple reported Long-Term Debt of $75,427 and $53,329 at the ends of fiscal years 2016 and 2015, respectively.The details of these amounts appear in Note 6.
- According to Note 6, Apple issued long-term debt with a face amount of $27.3 billion in fiscal year 2015.A review of the summary table reveals that the $27.3 billion came from issuing both floating-rate notes and fixed-rate notes.What are the maturity dates, face amounts and effective interest rates of each of these issues?
- According to the consolidated statements of cash flows, how much did Apple receive from the issuance of the $27.3 billion in long-term debt in fiscal year 2015?
- Overall, was the $27.3 billion of long-term debt issued in fiscal year 2015 issued at a discount or at a premium?
- According to Note 6, what are the required principal payments for each of the next five years (2017 through 2021)?
- Why might the detail of required principal payments be of interest to investors?
- In Note 7, Apple provides information about its Shareholders Equity.
- Apple does not report any treasury stock on its balance sheet.According to the second paragraph under the section Share Repurchase Program, what happens to the shares of stock that Apple repurchases?
- Just before Note 8, Apple presents a table providing information about Apples repurchases of shares in the open market.How many shares did Apple repurchase on the open market in fiscal year 2016?How much did Apple pay in total in fiscal year 2016 for these open market repurchases?
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