APPLE September 30, 2017 5 Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 29, 2018 ASSETS Current anics Cash and cash equivalents 25,913 Marketable securities Accounts receivable.net 23.186 Inventarios 3.956 Vendor non-trade receivables 25,809 Other current 12.07 Total current ass 13.119 Non-current ass Marketable securities 170,799 Property, plant and equipment, et 41,104 Other non-current 22,23 Total non current sets 234,386 Total assets 165,725 20,789 53.892 17.874 4555 17,290 136 194,714 33.785 18,177 246,67 375.119 $ LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable Other current liabilities Deferred revenue Commercial paper Term debe Total current liabilities Non-current liabilities Deferred revenue 55. 12.657 7.540 11.964 8.784 116,866 30,551 7.518 11.977 6,496 100814 2.797 93.735 2.836 07.2007 93,735 45.180 141,712 258578 97 40,415 140.454 241,272 Term debt Other non-current liabilities Total non-current libilities Total liabilities Commitments and contingencies Shareholders' equity Common stock and additional paid-in capital, 0.0000 per value: 12.600,000 shares authorized: 4,754.986 und 5.126.201 shares istud and outstanding, respectively Retained earnings Accumulated other comprehensive income (los) Total shareholders' equity Totals and sturcholders' equity See accompanying Notes to Com 60 Consolidated Financial Sutements, 40,201 70,400 13.454) 107,147 365,725 35.367 98330 (150) 134.047 375319 Page A- September 24, 2016 $ 215,699 176 . Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (in million, except number of shares which we geflected in thon and pershare amounts) Years ended September 29, 2018 September 30, 2017 Net sales S 265,595 5 329,214 Cost of sales 163,756 1410 Gross margin 10109 88,16 Operating expenses Research and development 14,236 11.581 Selling general and administrative 16,705 15.261 Total operating expenses 30,941 26,842 Operating income 70.898 2.005 Other income (expense, net 2,745 Income before provision for income taxes 72,903 64,089 13,372 15,738 Provision for income tales 59,831 4N, SI Net income 10.045 14.04 1.14 61,372 15.685 45.67 12.01 Earnings per share Basic Diluted 11.91 9.21 Shares used in computing earnings per share Basic 4,955,377 5.217.242 Diluted 5.000.109 5.251,692 See accompanying Notes to Consolidated Financial Statements $4470,820 5.500 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Years ended September 29, 2018 September 30, 2017 September 24, 2016 Net income 59,5315 4351 5 15,687 Other comprehensive income Change in foreign currency wanition, et of tax effects of (1). $177) and respectively 0525) 224 75 Change in un caldainoses on derivative Instruments Change in fair value of derivatives, set of tax benefit expense of (149), 5(478) and (7), respectively 323 1.IS 2 Adformet (and) os alive and included in set income net of tax expense cene of 104,5475 and 131.pectively 182 (1.4477 Total change in unecalized inosses on derivative instruments, net of tax 205 (162) (74) Change in unrealised gins/losses comarcable securities Change in fair value of marketable securities, net of tax benefit expense of S1,156, 5425 and S(163) respectively 0.407) Adjustment for not (gime realized and included in net income, net of tax expense benefit of $21.535 and SG31), respectively 36 Total change in unrealized invises on marketable securities, net of tax (3.400) 020) 19 Total other comprehensive income doss) Total comprehensive income 56.3055 See accompanying Notes to Consolidated Financial Statements Page A-3 16.66 Pagerang Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY in the Total Shareholders Equity 119355 979 12. IXXI (29/0001 (1.235) 170 128349 Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (in millions except number of shares which reflected in Accumulated Common Stock and Other Additional Paid In Capital Retained Comprehe Shares Am Earnings Income (Low (1) Balances is of September 26, 2015 5.578,753 27,416 92.2845 (345) Net Income 3567 Other comprehensive income (s) 979 Dividends and dividend equivalents declared at $2.18 per she or RSU Repurchase of common stock 279,6091 (29.000 Share-based compensation 4263 Common stock wed, net of sures withheld for employees 37,022 (806) (419) Tax bericht from equity awards, including transfer pricing adjustments 379 Balances as of September 24, 2016 3.136.166 31.251 96,364 634 Nel come 1,351 Other comprensive income 786 Dividends and dividend equivalent declared 52.40 per store or RSU (12.03 Repurchase of common stock (246,4%) 3,001) Share-ecompensation Common stock, net of shares withheld for employee tunes (913) 381 Tax benefit from equity awards, including 620 under pricing adjustment 5,126,201 98330 35.667 Balances as of September 20, 2017 (150) Cumulative effect of change in 278 C273 5953 No income Other compete income.co Dividends and dividend equivalent 13.733 declared $2.72 per share or RSU 1405,549 Repulse of common sed (121) 033/.001) 4,99 129 531 134012 59,331 (12,735 23.00 (405549) 07.06 5461 Repurchase of common Share based compensation Common stock des of the weld se employees Balances as of September 29, 2018 0.4915 HOT2 14 47540 $ 20,400 Se coming Notes to Comedical met Page 14 September 24, 2016 31.120 15 45.07 10.505 10 4933 Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS mil Yeurs ended September 29, 2018 September, 2017 Chudash equivalentning of the ye 20 2014 Operating activities Net income Adjuments to reconcile income opened hyperating activities Depreciation and amortization 10.903 10,157 Share compensation expen 5, Deferred income tax experience 02.590) 5,966 Other (1 Changes in operating sets and liabilities Accommet 15.3223 93 Investories 13 KOLON Other current de cette (423 IK Accomhle 9,175 Deferred revenue (626) Olier current documentos 190 1:13 Caended by operating activities 77.444 017 51 1055 2017 13.558) 10 16231 Purchases of marketable securities Procesorties of the securities Proceeds from sales of marble securities (71.15 55,11 47. (1596) 3775 94561 11.25 36 (130 (1.87 35 7433 1024) 445,677 16.00 4.416 Payments made income Purchase orice marketable securities Proxeeds tum non-marketable securities Other Cathered try and investigative Financing actitles Peeted from of commock Payments for manera tona share settlement of ourty wande Payments for dividends and dividend equivalent Repurchases of Proceeds from of term deb, Repayments of term debit Change in commercial paper, Cish used in the lecrease (decrease in cash and cash equivalents Cast and cuts, end of the year 000 . (11712) 72,738 555 1741 (12.70 32.00 2.62 0.500 3.2 (17974 (195) 20 495 . (12.1509 (29.7223 24,954 (1.500 16.500 097 187876 5664 3.913 5 (630) 30,44 Supplemental cash flow disco Cash paid for income Cashpold for interest $ 5 11,591 2.092 5 5 10 1316 10417 3,002 See accompanying Notes to Comolidited Financial Sutem Page AS APPLE INC. SELECTED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Basis of Presentation and Preparation In the opinion of the Company's management, the consolidated financial statements reflect all adjustments, which are normal and recurring in nature, necessary for fair financial statement presentation The Company's fiscal year is the 52- or 53-week period that ends on the last Saturday of September. The Company's fiscal years 2018 and 2016 spanned 52 weeks each, whereas fiscal year 2017 included 53 weeks. A 14th week was included in the first fiscal quarter of 2017, as is done every five or six years, to realign the Company's fiscal quarters with calendar quarters Unless otherwise stated, references to particular years, quarters, months and periods refer to the Company's fiscal years ended in vilabus People ARC Canvas Help ARC Resources ARC Tutoring Connect with Starfish Background and practice Start your research by referring to Apple's fiscal 2018 September 29, 2018) in Appendix A of our textbook. Find the financial statement that lists the number of shares of common stock authorized, issued and outstanding. Note the name of that financial statement to include in your post. For example, here are the number of share information you should locate in the textbook Appendix A Number of Shores Authorized 12,600,000 Number of Shares sued and outstanding 9/29/2018 4.754.986 Number of Shares sped and outstandinu 9/30/2017 5.126,201 Your Post Search the internet to find Apple's fiscal year 2019 annual financial statements. Suggested steps to follow when doing your internet search Search for Apple Investor Relations from there select SEC Filings, from the pull down select Annual Filings, then locate the 10k. Once you have arrived there, see the index to help to locate the financial statements Watch the dates, that is important For fiscal year end 9/28/2019 and 9/29/2018 answer the following questions 1. Name of the financial statement where you located the number of shares authorized 2. How many shares of common stock are authorized for fiscal year end 9/28/2019 and 9/29/2018? 3. What is the total number of shares of common stock issued and outstandings of 9/28/2019? 4. What is the total number of shares of common stock sued and outstanding as of 9/29/2018? 5. View the Report of Independent Registered Public Accounting Firm. What company completed the audit and signed the audit report? 6. Why does Apple's fiscal year end fall on different dates, why isn't each year end dated September 302 Hint: to research this review Apple's 10K Part I. Item 1. Explain clearly why the dates are different. 7. What year was Apple established, and in what state? Hint to research this review Apple's 10-K Part 1, Item 1