write a paragraph analyzing the statement of cash flows identifying the following items:
the method used to prepare the statement
cash from operations
cash from investment
cash from financing
Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) In millions, except number of shares which are reflected in thousands and per share amounts) This Months Enstead December 26, December 28, 2020 2019 Net sains Products $ 95.678 $ 79.104 Services 15.261 12215 Total net sales 111,439 91.819 Cost of sales Products 82.130 52.075 Services 4981 4527 Total cost of sales 67111 56502 Gross margin 44,328 35217 5.163 5631 10,794 4,451 5,197 9,848 Operating expenses Research and development Selling, general and administrative Total operating expenses Operating income Other income/expensel.net Income before provision for income taxes Provision for income taxes Net income 33,534 45 33.579 4824 28,7555 25,569 349 25,918 3682 22.236 1705 1.68 $ 126 125 Earnings per share Basic Diluted Shares used in computing earnings per share Basic Diluted 16.935.119 17.113.688 17,660,160 17818 417 Net sales by reportable segment Americas Europe Greater China Joan Rest of Asia Pacific Total net sales 463105 27306 21313 8285 8225 111439 $ 41367 23.273 13.578 6.223 7378 91,819 Net sales by Category: Phone Mac iPad Wearables. Home and Accessories Services Total net sales 85.597 $ 8.675 8.435 12.971 15.251 111439 55 957 7,160 5.977 10.010 12.15 91.819 Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) in millions, except number of shares which are reflected in thousands and par value) December 26, 2020 September 26, 2020 ASSETS Current assets Cash and cash equivalents Marketable securities Accounts receivable.net Inventories Vendor non-trade receivables Other current assets Total current assets 36,0105 40,816 27,101 4973 31,519 13.687 154 106 38,016 52.927 16,120 4,061 21.325 11264 143,713 118,745 37933 Non-current assets: Marketable securities Property, blant and equipment, net Other non-current assets Total non-current assets Total assets 100.887 36.766 42.522 180125 323 888 199.968 354054 LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities 63,8465 48.504 7.395 5.000 42.296 42.684 6.643 4996 8.773 105,392 132,507 Non-current liabilities: Term debt Other non-current liabilities Total non-current liabilities Total liabilities 99,281 56,042 155,323 282830 98.667 54.490 153,157 258,549 Commitments and contingencies 50,779 Shareholders' equity Common stock and additional paid in capital, 50.00001 par value:50.400.000 shares authorized: 16,823,263 and 16,976,763 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income/loss Total shareholders' equity Total liabilities and shareholders' equity 51.744 14 301 179 14.966 (406) 65,339 323,888 66.224 354,054 $ Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH ROWS (Unaudited) in millions Three Months Ended December 26 December 28 2012 39.789 $ 50 224 28.755 22.236 2666 2.020 (581 25 2.816 1710 (3491 (10.9451 19501 110,194) (3,5261 21670 1341 7959 38.763 2015 1281 3,902 07.054) 11.0891 985 5514 30,516 Cash, cash equivalents and restricted cash, beginning balances Operating activities Net income Adiustments to reconcile net income to cash cenerated by operating activities Depreciation and amortization Share-based compensation expense Deferred income tax benefit Other Changes in operating assets and liabilities: Accounts receivable.net Inventories Vendor non-trade receivables Other current and non-current assets Accounts payable Deferred revenue Other current and non-current liabilities Cash generated by operating activities Investing activities Purchases of marketable securities Proceeds from maturities of marketable securities Proceeds from sales of marketable securities Payments for acquisition of property.plant and equipment Payments made in connection with business acuisitions, net Other Cash used in investing activities Financing activities: Proceeds from issuance of common stock 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 Proceeds from/Pepayments ot) commercial paper, net Other Cash used in financing activities Decrease in cash, cash equivalents and restricted cash Cash, cash equivalents and restricted cash, ending balances Supplemental cash flow disclosure Cash paid for income taxes, net Cash paid for interest (39.8001 25,177 9.344 3.500 191 2014 18.584) (37.416) 19.740 7.280 12.107 1958 12071 113,668) 12.861 13,6131 (24.7751 11.379 (3.539 (20,706) 2.210 11.000 (979) 110001 22 132.249) (2.070) 37,719 (25,407 8,559) 41.665 1787 $ 6195 4,393 771
