The financial statements of Apple Inc. are presented in Appendix A.

Instructions for accessing and using the companys complete annual report, including the notes to the financial statements, are also provided in Appendix

What was the amount of net cash provided by operating activities for the year ended September 26, 2015? For the year ended September 27, 2014? (Enter answers in millions.)

What was the amount of increase or decrease in cash and cash equivalents for the year ended September 26, 2015? For the year ended September 27, 2014? (Enter answers in millions.)

References Appendix A Specimen Financial Statements: Apple Inc. Once each year, a corporation communicates to its stockholders and other interested parties by issuing a complete set of audited financial statements. The annual report, as this communication is called, summarizes the financial results of the company's operations for the year and its plans for the future. Many annual reports are attractive, multicolored, glossy public relations pieces, containing pictures of corporate officers and directors as well as photos and descriptions of new products and new buildings. Yet the basic function of every annual report is to report financial information, almost all of which is a product of the corporation's accounting system. The content and organization of corporate annual reports have become fairly standardized. Excluding the public relations part of the report (pictures, products, etc.), the following are the traditional financial portions of the annual report: Financial Highlights Letter to the Stockholders Management's Discussion and Analysis Financial Statements Notes to the Financial Statements Management's Responsibility for Financial Reporting Management's Report on Internal Control over Financial Reporting Report of Independent Registered Public Accounting Firm Selected Financial Data The official SEC filing of the annual report is called a Form 10-K, which often omits the public relations picccs found in most standard annual reports. On the following pages, we present Apple Inc.'s financial statements taken from the company's 2015 Form 10-K. To access Apple's Form 10-K, including notes to the financial statements, follow these steps: 1. Go to www.apple.com. 2. Select Investors near the bottom of the page, then select Financial Information. 3. Select the 10-K annual report dated September 26, 2015. 4. The Notes to Consolidated Financial Statements begin on page 44. CLOSE CONSOUDATED STATEMENTSTOF OPERATIONS China silicone communitin band e de se afleiriin heame dhar Amenic Bespicamber 26. 20115 $ 2,715 140,089 Yersenderd September 27, 2014 $ 18,795 112,258 $ picnika 2 2019 17010 106,606 64301 14,329 10,830 Nette Cost of sales Chessrsrgin Operating expenses: merhand two quererti Selling, general and administrative Foscaring expenses Operating income Cihear incarcare, Income before provision for income taxes Aremiersican file w roczone scars Net income 6041 11,993 18,034 52,503 71,230 1,285 72,515 10,121 53,394 53,483 1497 39,510 48,999 1,156 50,155 1118 37,037 $ $ $ Farmingpcherer Basic 9.28 9. $ $ 6.49 45 $ $ 5.72 5.68 $ Shares used in computing earnings per share: vac 1/W41 5,793,069 5 12 6,122,663 HALT00 6,521,634 Diluted Cadh cliniclandes deux preardhestra 1.64 *** Drury Na ileCaneller iredited Silicarneania. CONSOLIDAN SAMMENS OF COMPREHENSIVE INCOME en million Stapicembar26. 2015 6339 Yexuscanderd Sepicantbrer27 2014 3 510 Stapicentar , 2013 $ 3706W (411) (134) (112 Net income Other comprehensive income/(loss): Cihringpin iconeign cuanto iuremalion, met aliita calibracicspon. H an especiwedly Change in unrealized gains/losses on derivative instruments: Chenge in sir waluno decimetimes, indi oli tax beansiipeana) 441)..0/) and(351), respectively Adjustment for net (gains) losses realized and included in net income, net of tax expense/(benefit) of $630, $(36) and $255, respectively llolellchisingin umilivrad grainyor an darivaliwe insinumanis, ineal 1,300 (3,497) 149 (458) Change in unrealized gains/losses on marketable securities: Cahingpinsirwellusoikeredescuniae, incaloilo kancanexprima di $264,413) and $448, especially Adjustment for net (gains) losses realized and included in net income, net of tax expense/(benefit) of $(32), $71 and $82, respectively Hotell chisingin unelivrad graines on instinkerbosracunies, net altex Total other comprehensive income/(loss) Toell comarchandises income (131) 1992 59 424 (1,427) 51,066 (134) 151 1,553 41,063 (970) $ $ 36,067 So stromanwing Nueiko Consdickimdi inancial Sesicamente CONSOUDAND BALANCE SHES (In millione, except inundbaroissies which are cabeciked in thousands and per welur September 26. 2015 September 27, 2014 ASSEIS $ Current assets: (stah endlcastehouveslenia Short-term marketable securities Microcounts receivable, based owsinoR Inventories 21,120 20,481 16,80 2,349 a nd 86 respectively 13_844. 11,233 117,A6D 2.111 4318 9,759 QAN 68,531 130,162 20,624 13,494 Vendor non-trade receivables her cuntani w a Total current assets ang iam mesinikelde securities Property, plant and equipment, net Goodwill Acquired intangible assets, net Oihards Total assets 89,378 164065 22,471 5,116 3,893 4,142 $ 290,479 $ 231.839 UABUNI SANDSHAREHOUDERS AQUITY: $ 35,400 25,181 Quem 8,499 2400 80,610 30.196 18,453 8.491 6.308 63,448 53,463 28,987 Current liabilities: Accounts payable Accrued expenses alicned cane Commercial paper Caumanit pomnian dilong teamdebit Total current liabilities eicned venue, non cument Long-term debt Other inton cunean izdillies Total liabilities Commimnents and comingeancies Shareholders' equity: Cominton stock and additional paid incipiell S01L00100 psi Weyer 112,600,000 shislits suih cannot 65 .753 and 5 G , 11611 schemes jau datindl culturistidling, reage.chivedlo Retained earnings Accumuladahar compicshensive income Total shareholders' equity Toled liabilitsandalsichole equity 24826 120,292 171,124 2416 92,284 87,152 1,0182 111,547 119,355 290, 440 Sestcompanying INoies ko Consolidkind linkinci Sistemania. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY Aun millions excel number of sthesies which is liticiend in ilhouse CommonSodkend Additional Pkidhi Chapitel Sines Amount 16,422 0 $ Blancs sko Spiember 20, 2012 Net income Relined Fannings 101,280 37,037 ooo Acumulated Ollitar . Total Comprehensive Siridhodlans" Income Los) Equity 400 $ 1118210 0 37,037 970) (10,676) 22,90 2,253 (960) (10,676) p2.40) 0 2,253 488/3 (143) (AWALA! 0 6,294_494 0 1,232 19,764 0 104246 0 (471) 1,232 122549 39,510 39,510 0 oooo (11,215) (49000) (11,215) 47000) 2,863 0 2,863 0 Other comprehensive income (od Dividends and dividend equivalents declared turchisme of common stock Share-based compensation Commcom sekund mured, incat calharest withheld or campbyer isend Tax benefit from equity awards, including transfer pricing adjustments R anch of September 28, 2013 Net income Other comprehensive income/ Dividends and dividend equivalents declared lit purchase of common siock Share-based compensation Common slock literatured, met alles is with the ador campdbyestenes Tax benefit from equity awards, including transfer pricing adjustments dictasso Sapiember 21,2014 Net income Qher comprehensive income/ Dividends and dividend equivalents declared qurchase of common stock Share-based compensation Comino silock issuredl, inesi calitallics with dior camdbyen itse Tax benefit from equity awards, including transfer pricing adjustments Balkancano epitemwear 26, 2015 60,344 (LALA) 735 23,313 0 1,082 5,866, 161 87,192 53,394 (1,421 0 0 0 3,586 735 111,547 53,394 (142 (11,627) 646,028) 3,586 (11,627) 36.076) 37 524 (60) 0 840) 0 8. 748 27,416 $ 0 6915) $ 748 119,366 5 $ 92,284 So siccompanying INoica io Condickimdi insinca Sisicamcamisa CONSOLIDATED STATEMENTS OF CASA ALOWS din millicone Yexandled Sepicantber26. Septembar 27. Sapientber28 20115 2014 2013 $ 13,844 $ 14.250 $ 10746 39,510 31.037 11,25 3,586 7,946 2,863 2,253 1,141 (238) 2,172 (973) (179) 5,400 1,042 64.739 (76) (220) 167 5,038 1,460 6,010 59,713 1,080 2340 1,459 81,266 53,666 (166,402) Castelhandlestah excluimellentes, beginning of the yang Operating activities: Niinciome Adjustments to reconcile net income to cash generated by operating activities: precision and annorination Share-based compensation expense elche income incent Changes in operating assets and liabilities: Accounts receivable, inat Inventories Weandtarinan nederscribes Other current and non-current assets Accounts pays Deferred revenue Othercuman andinon aument liabilities Cash generated by operating activities Investing activix Purchases of marketable securities Proceedincam imesluities of marknade securities Proceeds from sales of marketable securities Myintents mescles in connecian with kavinties coquions, incat Payments for acquisition of property, plant and equipment Peymanie fior scquision of intisingidossas Other Clash wed in investing&cmer Financing activities: Proceedinom immundi common stock Excess tax benefits from equity awards Taxes pridelkicadioinst heimilanntenii calceouity swear Dividends and dividend equivalents paid Kepurch of common sinck Proceeds from issuance of term debt, net Change in commercial proper, inet Cash used in financing activities incredecit in cash and checuivistanis Cash and cash equivalents, end of the year Supplements.cathibw disclosures Cash paid for income taxes, net (shpkidor incredi (217,128) 18,810 189,301 107,447 (148,489) 20317 1 04,130 FANO (8,165) 1911) (160) (11,247) 241) (26) 66214 (9,571) 02 16 0259 130 749 739 (11,561) 701 (1,082 (10,564) 02.880) 16,896 (1.159 (11,126) 6415.000 11,960 6806 (37,549) (419) 13,844 $ 27.114 2,191 (17,716) 7,216 21,120 $ 0 (16,379) $ 14,259 10,026 $ 9,128 $ $ 13,252 $ 514 $ Sheetcicomotrying Notes ioConclickinsedili iiristncial Sesicamente 2015 2014 Net cash provided by operating activities $ million $ million eTextbook and Media Cash and cash equivalents 2015 by $ million 2014 A by $ million What was the net outflow or inflow of cash from investing activities for the year ended September 26, 2015? (Enter answer in millions.) The net cash used by investing activities in 2015 was $ million. eTextbook and Media What was the amount of income taxes paid in the year ended September 26, 2015? (Enter answer in millions.) Amount of income tax $ million eTextbook and Media