What method direct or indirect does Apple use to report its Cash generated by operating activities?
What amounts of amortization and depreciation did Apple report for each of the three years? Why are these amounts added to net income when calculating cash provided by operations?
How much cash did Apple receive as proceeds from sales of marketable securities in each of the three years?
How much cash did Apple pay for acquisition of property, plant and equipment in each of the three years?
How much cash did Apple pay to repurchase its common stock in each of the three years?
How much did Apple pay in income taxes in fiscal year 2017? How much interest Apple pay in fiscal year 2017?
Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Years ended September 30, 2017 September 24, 2016 September 26, 2015 Cash and cash equivalents, beginning of the year 20,484 S 21,120 S 13,844 Operating activities: Net income 48,351 45,687 53,394 Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization Share-based compensation expense Deferred income tax expense Other 10,157 4,840 5,966 (166) 10,505 4,210 4,938 486 11,257 3,586 1,382 385 Changes in operating assets and liabilities: Accounts receivable, net (2,093) (2,723) (4,254) (5,318) 9,618 (626) (154) 63,598 527 417 (238) (3,735) (283) 5,001 1,042 9,058 81,266 217 Vendor non-trade receivables Other current and non-current assets Accounts payable Deferred revenue Other current and non-current liabilities 1,055 1,837 (1,554) Cash generated by operating activities 65,824 Investing activities: Purchases of marketable securities Proceeds from maturities of marketable securities Proceeds from sales of marketable securities Payments made in connection with business acquisitions, net Payments for acquisition of property, plant and equipment Payments for acquisition of intangible assets Payments for strategic investments, net Other (159,486) 31,775 94,564 (329) (12,451) (344) (395) 220 (46,446) (166,402) 14,538 107,447 (343) (11,247) (241) (142,428) 21,258 90,536 (297) (12,734) (814) (1,388) 110 (45,977) 26 Cash used in investing activities (56,274) Financing activities Proceeds from issuance of common stock Excess tax benefits from equity awards Payments for taxes related to net share settlement of equity awards Payments for dividends and dividend equivalents Repurchases of common stock Proceeds from issuance of term debt, net Repayments of term debt Change in commercial paper, net 627 (1,874) (12,769) (32,900) 28,662 (3,500) 3,852 (17,347) 195 495 407 (1,570) (12,150) (29,722) 24,954 (2,500) 543 749 (1,499) (11,561) (35,253) 27,114 2,191 (17,716) 7,276 21,120 Cash used in financing activities (20,483) 636 Increase/(Decrease) in cash and cash equivalents Cash and cash equivalents, end of the year 20,289 S 20,484 S Supplemental cash flow disclosure: Cash paid for income taxes, net Cash paid for interest 10,444 S 11,591 S 2,092 S 13,252 1,316 S 514 See accompanying Notes to Consolidated Financial Statements. Apple Inc. | 2017 Form 10-K | 43 Item 6. Selected Financial Data The information set forth below for the five years ended September 30, 2017, is not necessarily indicative of results of future operations, and should be read in conjunction with Part tem 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the consolidated financial statements and related notes thereto included in Part II, Item 8 of this Form 10-K to fully understand factors that may affect the comparability of the information presented below (in millions, except number of shares, which are reflected in thousands, and per share amounts) 2017 2016 2015 2014 2013 Net sales 229,234 $ 48,351 $ 215,639 233,715 $182,795 $170,910 37,037 Net income 45,687 $ 53,394 $ 39,510 $ Earnings per share Basic 9.27$ 9.21 $ 8.35 $ 8.31 $ 9.28 S 9.22 $ 6.49 $ 6.45 $ 5.72 5.68 Diluted Cash dividends declared per share 2.40 $ 2.18 $ 1.98 S 1.82 $ 1.64 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 6,085,572 6,122,663 6,477,320 6,521,634 Total cash, cash equivalents and marketable securities Total assets Commercial paper Total term debt (1) Other long-term obligations (2) Total liabilities Total shareholders' equity 268,895 $ 375,319 $ 11,977 $ 103,703 $ 40,415 $ 241,272 $ 134,047 $ 237,585 $ 205,666 $ 155,239 $ 146,761 321,686 $290,345 $231,839 $207,000 6,308 $ 28,987 $ 24,826 $ 93,437$170,990 120,292 $ 16,960 20,208 83,451 128,249 $119,355 $ 111,547 $123,549 8,105 $ 78,927 $ 36,074 S 8,499 $ 55,829 S 33,427 $ (1) (2) Includes current and long-term portion of term debt. Excludes non-current deferred revenue
