APPLE INC. AppleInc.
CONDENSEDCONSOLIDATEDSTATEMENTSOFOPERATIONS(Unaudited)
(Inmillions,except numberof shareswhicharereflectedinthousandsandper shareamounts)
Net sales:
Products
Services
Total net sales(1)
Cost of sales:
Products
Services
Total cost of sales
Grossmargin
Operatingexpenses:
Researchanddevelopment
Selling,general andadministrative
Total operatingexpenses
Operatingincome
Other income/(expense),net
Incomebeforeprovisionfor incometaxes Provisionfor incometaxes
Net income
Earningsper share:
Basic
Diluted
Sharesusedincomputingearningsper share: Basic
Diluted
-
Net salesbyreportablesegment: Americas
Europe Greater China Japan
Rest of AsiaPacific Total net sales
- Net salesbycategory: iPhone
Mac iPad
Wearables,HomeandAccessories Services
Total net sales
ThreeMonthsEnded | SixMonthsEnded | ||||||||
April1, | March26, | April1, | March26, | ||||||
2023 | 2022 | 2023 | 2022 | ||||||
73,929 | 77,457 | 170,317 | 181,886 | ||||||
20,907 | 19,821 | 41,673 | 39,337 | ||||||
94,836 | 97,278 | 211,990 | 221,223 | ||||||
46,795 | 49,290 | 107,560 | 113,599 | ||||||
6,065 | 5,429 | 12,122 | 10,822 | ||||||
52,860 | 54,719 | 119,682 | 124,421 | ||||||
41,976 | 42,559 | 92,308 | 96,802 | ||||||
7,457 | 6,387 | 15,166 | 12,693 | ||||||
6,201 | 6,193 | 12,808 | 12,642 | ||||||
13,658 | 12,580 | 27,974 | 25,335 | ||||||
28,318 | 29,979 | 64,334 | 71,467 | ||||||
64 | 160 | (329) | (87) | ||||||
28,382 | 30,139 | 64,005 | 71,380 | ||||||
4,222 | 5,129 | 9,847 | 11,740 | ||||||
24,160 | 25,010 | 54,158 | 59,640 | ||||||
1.53 | 1.54 | 3.42 | 3.65 | ||||||
1.52 | 1.52 | 3.41 | 3.62 | ||||||
15,787,154 | 16,278,802 | 15,839,939 | 16,335,263 | ||||||
15,847,050 | 16,403,316 | 15,901,384 | 16,461,304 | ||||||
37,784 | 40,882 | 87,062 | 92,378 | ||||||
23,945 | 23,287 | 51,626 | 53,036 | ||||||
17,812 | 18,343 | 41,717 | 44,126 | ||||||
7,176 | 7,724 | 13,931 | 14,831 | ||||||
8,119 | 7,042 | 17,654 | 16,852 | ||||||
94,836 | 97,278 | 211,990 | 221,223 | ||||||
51,334 | 50,570 | 117,109 | 122,198 | ||||||
7,168 | 10,435 | 14,903 | 21,287 | ||||||
6,670 | 7,646 | 16,066 | 14,894 | ||||||
8,757 | 8,806 | 22,239 | 23,507 | ||||||
20,907 | 19,821 | 41,673 | 39,337 | ||||||
94,836 | 97,278 | 211,990 | 221,223 | ||||||
AppleInc.
CONDENSEDCONSOLIDATEDBALANCESHEETS(Unaudited)
(Inmillions,except number of shareswhichare reflectedinthousandsandpar value)
ASSETS:
Current assets:
Cashandcashequivalents
Marketablesecurities
Accountsreceivable,net
Inventories
Vendor non-tradereceivables
Other current assets
Total current assets
Non-current assets:
Marketablesecurities
Property,plantandequipment,net
Other non-current assets
Total non-current assets
Total assets
LIABILITIESANDSHAREHOLDERS'EQUITY:
Current liabilities:
Accountspayable
Other current liabilities
Deferredrevenue
Commercial paper
Termdebt
Total current liabilities
Non-current liabilities:
Termdebt
Other non-current liabilities
Total non-current liabilities
Total liabilities
Commitmentsandcontingencies
Shareholders' equity:
Commonstockandadditional paid-incapital, 0.00001par value: 50,400,000shares authorized; 15,723,406and15,943,425sharesissuedandoutstanding,respectively
Retainedearnings/(Accumulateddeficit)
Accumulatedother comprehensiveincome/(loss)
Total shareholders' equity
Total liabilitiesandshareholders' equity
April1,
2023
24,687
31,185
17,936
7,482
17,963
13,660
112,913
110,461
43,398
65,388
219,247
332,160
42,945
56,425
8,131
1,996
10,578
120,075
97,041
52,886
149,927
270,002
69,568
4,336
(11,746)
62,158
332,160
September24,
2022
23,646
24,658
28,184
4,946
32,748
21,223
135,405
120,805
42,117
54,428
217,350
352,755
64,115
60,845
7,912
9,982
11,128
153,982
98,959
49,142
148,101
302,083
64,849
(3,068)
(11,109)
50,672
352,755
AppleInc.
CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS(Unaudited)
(Inmillions)
SixMonthsEnded | ||||
April1, | March26, | |||
Cash,cashequivalentsandrestrictedcash,beginningbalances | 2023 | 2022 | ||
24,977 | 35,929 | |||
Operatingactivities: | ||||
Net income | 54,158 | 59,640 | ||
Adjustmentstoreconcilenet incometocashgeneratedbyoperatingactivities: | ||||
Depreciationandamortization | 5,814 | 5,434 | ||
Share-basedcompensationexpense | 5,591 | 4,517 | ||
Other | (1,732) | 1,068 | ||
Changesinoperatingassetsandliabilities: | ||||
Accountsreceivable,net | 9,596 | 5,542 | ||
Inventories | (2,548) | 1,065 | ||
Vendor non-tradereceivables | 14,785 | 643 | ||
Other current andnon-current assets | (4,092) | (3,542) | ||
Accountspayable | (20,764) | (1,750) | ||
Other current andnon-current liabilities | 1,757 | 2,515 | ||
Cashgeneratedbyoperatingactivities | 62,565 | 75,132 | ||
Investingactivities: | ||||
Purchasesof marketablesecurities | (11,197) | (61,987) | ||
Proceeds frommaturities of marketablesecurities | 17,124 | 18,000 | ||
Proceeds fromsalesof marketablesecurities | 1,897 | 24,668 | ||
Paymentsfor acquisitionof property,plant andequipment | (6,703) | (5,317) | ||
Other | (247) | (735) | ||
Cashgeneratedby/(usedin) investingactivities | 874 | (25,371) | ||
Financingactivities: | ||||
Paymentsfor taxesrelatedtonet sharesettlement of equityawards | (2,734) | (3,218) | ||
Paymentsfor dividendsanddividendequivalents | (7,418) | (7,327) | ||
Repurchasesof commonstock | (39,069) | (43,109) | ||
Repaymentsof termdebt | (3,651) | (3,750) | ||
Proceeds from/(Repaymentsof) commercial paper,net | (7,960) | 999 | ||
Other | (455) | (105) | ||
Cashusedinfinancingactivities | (61,287) | (56,510) | ||
Increase/(Decrease) incash,cashequivalentsandrestrictedcash | 2,152 | (6,749) | ||
Cash,cashequivalentsandrestrictedcash,endingbalances | 27,129 | 29,180 | ||
Supplemental cashflowdisclosure: | ||||
Cashpaidfor incometaxes,net | 4,894 | 9,301 | ||
Cashpaidfor interest | 1,873 | 1,406 |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Apple Inc. published this content on 04 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2023 21:05:50 UTC.
