Prepare a vertical analysis of the income statement through net income for the four most recent years using Sales as the base amount.

Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Years ended September 28, September 29. September 30, 2019 2018 2017 $ 55,256 $ 59,531 $ 48,351 Net income Other comprehensive income/(loss): Change in foreign currency translation, net of tax (408) (525) 224 (661) 523 1,315 Change in unrealized gainslosses on derivative instruments, net of tax: Change in fair value of derivatives Adjustment for net (gainsy/losses realized and included in net income Total change in unrealized gains/losses on derivative instruments 23 3B2 (1,477) (638) 905 (162) 3,802 (3,407) (782) Change in unrealized gains/losses on marketable securities, net of tax: Change in fair value of marketable securities Adjustment for net (gainsy/losses realized and included in net income Total change in unrealized gains losses on marketable securities 25 1 (64) 3,827 (3,406) (846) Total other comprehensive income (loss) Total comprehensive income 2,781 58,037 $ (3,026) 56,505 $ (784) 47,567 $ See accompanying Notes to Consolidated Financial Statements. Apple Inc. I 2019 Form 10-K 130 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Years ended September 30, September 24, September 26, 2017 2016 2015 $ 48,351 $ 45,687 $ 53,394 Net income Other comprehensive income/(loss): Change in foreign currency translation, net of tax effects of $(77), $8 and $201, respectively 224 75 (411) 1,315 7 2,905 Change in unrealized gains/losses on derivative instruments: Change in fair value of derivatives, net of tax benefit:(expense) of $(478), $(7) and $(441), respectively Adjustment for net (gains)/losses realized and included in net income, net of tax expense/(benefit) of $475, $131 and $630, respectively Total change in unrealized gains/losses on derivative instruments, net of tax (1,477) (741) (3,497) (162) (734) (592) (782) 1,582 (483) Change in unrealized gains/losses on marketable securities: Change in fair value of marketable securities, net of tax benefit/ (expense) of $425, $(863) and $264, respectively Adjustment for net (gainsw'losses realized and included in net income, net of tax expense/(benefit) of $35, $(31) and $(32), respectively Total change in unrealized gains/losses on marketable securities, net of tax (64) 56 59 (846) 1,638 (424) Total other comprehensive income/(loss) Total comprehensive income (784) 47,567 $ 979 46,666 $ (1,427) 51,967 $ See accompanying Notes to Consolidated Financial Statements. Apple Inc. I 2017 Form 10-K 140 Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 28, 2019 September 29, 2018 September 30, 2017 $ Net sales: Products Services Total net sales 213,883 $ 46,291 260,174 225,847 $ 39,748 265,595 196,534 32,700 229,234 Cost of sales: Products Services Total cost of sales Gross margin 144,996 16,786 161,782 98,392 148,164 15,592 163,756 101,839 126,337 14,711 141,048 88,186 Operating expenses: Research and development Selling, general and administrative Total operating expenses 16,217 18,245 34,462 14,236 16,705 30,941 11,581 15,261 26,842 Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income 63,930 1,807 65.737 10,481 55,256 $ 70,898 2,005 72,903 13,372 59,531 $ 61,344 2,745 64,089 15,738 48,351 $ Earnings per share: Basic Diluted $ 11.97 $ 12.01 $ 9.27 $ 11.89 $ 11.91 $ 9.21 Shares used in computing earnings per share: Basic Diluted 4,617,834 4,648,913 4,955,377 5,000,109 5,217,242 5,251,692 See accompanying Notes to Consolidated Financial Statements. Apple Inc. I 2019 Form 10-K 129 sop 2016 26. Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 30. September 24, 2017 2016 Net sales $ 229,234 $ 215,639 $ 233,715 Cost of sales 141,048 131,376 140,089 Gross margin 88,186 84,263 93,626 Operating expenses: Research and development Selling, general and administrative Total operating expenses 11,581 15,261 26,842 10,045 14,194 8,067 14,329 22,396 24,239 Operating income Other income/expense), net Income before provision for income taxes Provision for income taxes Net income 61,344 2,745 64,089 15,738 48,351 $ 60,024 1,348 61,372 15,685 45,687 $ 71,230 1,285 72,515 19, 121 53,394 $ Earnings per share: Basic Diluted 9.27 $ 9.21 $ 8.35 $ 8.31 $ 9.28 9.22 $ Shares used in computing earnings per share: Basic Diluted 5,217.242 5,251,692 5,470,820 5,500,281 5,753,421 5,793,069 Cash dividends declared per share $ 2.40 $ 2.18 $ 1.98 See accompanying Notes to Consolidated Financial Statements. Apple Inc. I 2017 Form 10-K 139 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Years ended September 28, September 29. September 30, 2019 2018 2017 $ 55,256 $ 59,531 $ 48,351 Net income Other comprehensive income/(loss): Change in foreign currency translation, net of tax (408) (525) 224 (661) 523 1,315 Change in unrealized gainslosses on derivative instruments, net of tax: Change in fair value of derivatives Adjustment for net (gainsy/losses realized and included in net income Total change in unrealized gains/losses on derivative instruments 23 3B2 (1,477) (638) 905 (162) 3,802 (3,407) (782) Change in unrealized gains/losses on marketable securities, net of tax: Change in fair value of marketable securities Adjustment for net (gainsy/losses realized and included in net income Total change in unrealized gains losses on marketable securities 25 1 (64) 3,827 (3,406) (846) Total other comprehensive income (loss) Total comprehensive income 2,781 58,037 $ (3,026) 56,505 $ (784) 47,567 $ See accompanying Notes to Consolidated Financial Statements. Apple Inc. I 2019 Form 10-K 130 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Years ended September 30, September 24, September 26, 2017 2016 2015 $ 48,351 $ 45,687 $ 53,394 Net income Other comprehensive income/(loss): Change in foreign currency translation, net of tax effects of $(77), $8 and $201, respectively 224 75 (411) 1,315 7 2,905 Change in unrealized gains/losses on derivative instruments: Change in fair value of derivatives, net of tax benefit:(expense) of $(478), $(7) and $(441), respectively Adjustment for net (gains)/losses realized and included in net income, net of tax expense/(benefit) of $475, $131 and $630, respectively Total change in unrealized gains/losses on derivative instruments, net of tax (1,477) (741) (3,497) (162) (734) (592) (782) 1,582 (483) Change in unrealized gains/losses on marketable securities: Change in fair value of marketable securities, net of tax benefit/ (expense) of $425, $(863) and $264, respectively Adjustment for net (gainsw'losses realized and included in net income, net of tax expense/(benefit) of $35, $(31) and $(32), respectively Total change in unrealized gains/losses on marketable securities, net of tax (64) 56 59 (846) 1,638 (424) Total other comprehensive income/(loss) Total comprehensive income (784) 47,567 $ 979 46,666 $ (1,427) 51,967 $ See accompanying Notes to Consolidated Financial Statements. Apple Inc. I 2017 Form 10-K 140 Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 28, 2019 September 29, 2018 September 30, 2017 $ Net sales: Products Services Total net sales 213,883 $ 46,291 260,174 225,847 $ 39,748 265,595 196,534 32,700 229,234 Cost of sales: Products Services Total cost of sales Gross margin 144,996 16,786 161,782 98,392 148,164 15,592 163,756 101,839 126,337 14,711 141,048 88,186 Operating expenses: Research and development Selling, general and administrative Total operating expenses 16,217 18,245 34,462 14,236 16,705 30,941 11,581 15,261 26,842 Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income 63,930 1,807 65.737 10,481 55,256 $ 70,898 2,005 72,903 13,372 59,531 $ 61,344 2,745 64,089 15,738 48,351 $ Earnings per share: Basic Diluted $ 11.97 $ 12.01 $ 9.27 $ 11.89 $ 11.91 $ 9.21 Shares used in computing earnings per share: Basic Diluted 4,617,834 4,648,913 4,955,377 5,000,109 5,217,242 5,251,692 See accompanying Notes to Consolidated Financial Statements. Apple Inc. I 2019 Form 10-K 129 sop 2016 26. Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 30. September 24, 2017 2016 Net sales $ 229,234 $ 215,639 $ 233,715 Cost of sales 141,048 131,376 140,089 Gross margin 88,186 84,263 93,626 Operating expenses: Research and development Selling, general and administrative Total operating expenses 11,581 15,261 26,842 10,045 14,194 8,067 14,329 22,396 24,239 Operating income Other income/expense), net Income before provision for income taxes Provision for income taxes Net income 61,344 2,745 64,089 15,738 48,351 $ 60,024 1,348 61,372 15,685 45,687 $ 71,230 1,285 72,515 19, 121 53,394 $ Earnings per share: Basic Diluted 9.27 $ 9.21 $ 8.35 $ 8.31 $ 9.28 9.22 $ Shares used in computing earnings per share: Basic Diluted 5,217.242 5,251,692 5,470,820 5,500,281 5,753,421 5,793,069 Cash dividends declared per share $ 2.40 $ 2.18 $ 1.98 See accompanying Notes to Consolidated Financial Statements. Apple Inc. I 2017 Form 10-K 139