Why might the detail of required principal payments be of interest to investors?
According to the consolidated statements of cash flows, how much did Apple receive from the issuance of term debt in fiscal year 2017?
Just before Note 8, Apple presents a table providing information about Apples repurchases of shares in the open market. How many shares did Apple repurchase on the open market in fiscal year 2017? How much did Apple pay in total in fiscal year 2017 for these open market repurchases?
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 Number of Shares (in thousands) Average Repurchase Price Per Share Amount in millions) 2017 Fourth quarter Third quarter Second quarter First quarter 29,073 $ 30,356 $ 31,070 $ 44,333 $ 154.78 $ 48.24 128.74 112.78 4,500 4,500 4,001 5,000 18,001 Total open market common stock repurchases 134,832 2016: Fourth quarter Third quarter Second quarter First quarter 28,579 $ 41,238$ 71,766 $ 25,984 $ 104.97 $ 97.00 97.54 115.45 3,000 4,000 7,000 3,000 17,000 Total open market common stock repurchases 167,567
