Refer to the Apple financials in the last page of this exam. Based on those, how much did Apple pay in dividends in 2018? Apple Financial Statements PLEASE NOTE THE ORDER OF THE COLUMNS BELOW Income Statements (All dollars in millions) Year 2018 2020 2019 2017 2016 2015 Total Revenue -Cost of Goods Sold Gross Margin Research & Development -Selling. General and Administrative - Depreciation Earings Before Interest and Taxes Interest Expense Earnings Before Taxes -Income Tax Expense Net Income 274,515 169,559 104,956 18,752 17,516 2,400 66,288 2,873 63,415 9,680 53,735 260,174 161,782 98,392 16,217 15,745 2,500 63,930 3,576 60,354 10,481 49,873 265,595 229,234 215,639 233,715 163,756 141,048 131,376 140,089 101,839 88,186 84,263 93,626 14,236 11,581 10,045 8,067 14,005 8,771 9,498 10,059 2,700 2,200 2,000 1,700 70,898 65,634 62,720 73,800 3,240 1,545 1,348 1,285 67,658 64,089 61,372 72,515 8,127 15,738 15,685 19,121 59,531 48,351 45,687 53,394 Balance Sheets (All dollars in millions) Year End (Dec 31) 2018 2017 2020 2019 2016 2015 Current Assets Cash And Cash Equivalents Short Term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets 38.106 52.927 16,120 40,161 11,264 158,578 48,844 25,913 51,713 40,388 22.926 23,186 4,106 3,956 12,352 12.087 139,941 105,530 20,289 53,892 35,673 4,855 13,936 128,645 20.484 46,671 29,299 2,132 8,283 106,869 21,120 20,481 30,343 2,349 15.085 89,378 Long-term Assets Long Term investments Property Plant and Equipment Other Assets Total Assets 86,022 36,766 42,522 323,888 128,219 201,610 37,378 41,304 32.978 17,283 338,516 365,727 194,714 170,430 164,065 33,783 27,010 22,471 18.177 17377 14.431 375,319 321,686 290,345 Current des Accounts Payable Notes Payable & other ST Debt Other Current Lates Total Current Labies 42.296 13.769 46.236 16,240 76,616 30.687 9,543 116,866 74,793 16 473 7548 100,814 59.321 11.605 8.000 79,006 60,671 10,999 8,940 80,610 105,392 105,718 Long term Liabilities Lone Term Debe Others Deferred to be Totales 98.667 10.010 91,802 35 200 11,719 247.444 91.735 45.180 97207 40,415 2.8.16 241,272 25,427 52 36074 31.427 2.930 3,624 193,437 170,990 2140 258,578 100% -Cost of Goods Sold Gross Margin -Research & Development -Selling General and Administrative - Depreciation Earnings Before Interest and Taxes -interest Expense Earnings Before Taxes -Income Tax Expense Net Income 169,559 104,956 18,752 17,516 2,400 66,288 2,873 63,415 9,680 53,735 161,782 98,392 16,217 15,745 2,500 63,930 3,576 60,354 10,481 49,873 163,756 141,048 101,839 88,186 14,236 11,581 14,005 8,771 2,700 2,200 70,898 65,634 3,240 1,545 67,658 64,089 8,127 15,738 59,531 48,351 131,376 84,263 10,045 9,498 2,000 62,720 1,348 61,372 15,685 45,687 140,089 93,626 8,067 10,059 1,700 73,800 1,285 72,515 19,121 53,394 Balance Sheets (All dollars in millions) Year End (Dec 31) 2018 2017 2020 2019 2016 2015 Current Assets Cash And Cash Equivalents Short Term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets 38,106 52,927 16,120 40,161 11,264 158,578 48,844 51,713 22,926 4,106 12,352 139,941 25,913 40,388 23,186 3,956 12,087 105,530 20.289 53,892 35,673 4,855 13,936 128,645 20,484 46,671 29,299 2,132 8,283 106,869 21,120 20,481 30,343 2,349 15,085 89,378 Long-term Assets Long Term Investments Property Plant and Equipment Other Assets Total Assets 86,022 36,766 42.522 323,888 128,219 201,610 37,378 41,304 32,978 17,283 338,516 365,727 194,714 33,783 18.177 375,319 170,430 164,065 27,010 22,471 17,377 14,431 321,686 290,345 Current Liabilities Accounts Payable Notes Payable & other ST Debt Other Current Liabilities Total Current Liabilities 42,296 13,769 46,236 16,240 76,636 30,687 9543 116,866 74,793 18,473 7,548 100,814 59,321 11,605 8.080 79,006 60,671 10.999 8,940 80,610 105,392 105,718 Long term Liabilities Long Term Debt Other Liabilities Deferred Long Term Liabilities Total Liabilities 98,667 30,010 91,807 38.200 11,719 247,444 93,735 45.180 2,797 258,578 97.207 40.415 2,836 241,272 75,427 36,074 2.930 193,437 53,329 31.427 3.624 170,990 234,069 Stockholders' Equity Common Stock Retained Earrings Total Stockholder Equity Total Liabilities and Stockholder Equity 50,779 39040 89,819 323,88 45,174 36,742 45 898 20.400 91,072 107,147 338,516 365,725 35,217 98.3 10 134,047 375,319 31885 27,071 96 164 92,284 128,249 119,355 321,686 290,345 Statements are mostly Apple actuals added lok made up some details to make them more closely match com discussed in class Source Yahoo France, Mination
