Apple Inc. - Condensed Consolidated Financial Statements - Q4 FY18 Consolidated Financial Statement

Sep 20, 2026

Uploaded by Quinn

Apple Inc. provides condensed consolidated financial statements (unaudited) covering three months and twelve months ended September 29, 2018 and September 30, 2017. The statements detail net sales, cost of sales, gross margin, operating expenses, operating income, other income/(expense), net, income before tax, income taxes, net income, and earnings per share. The report also includes condensed consolidated balance sheets with assets, liabilities, commitments and contingencies, and shareholders’ equity, as well as condensed consolidated cash flows by operating, investing, and financing activities.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages3

Reading Time8 min

AccessFree to download

Condensed Consolidated Statements of Operations (Unaudited)

Three Months Ended and Twelve Months Ended

Condensed Consolidated Balance Sheets (Unaudited)

Assets and Liabilities, Shareholders’ Equity

Condensed Consolidated Statements of Cash Flows (Unaudited)

Operating, Investing, and Financing Activities

Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In millions, except number of shares which are reflected in thousands and per share amounts) Three Months Ended Twelve Months Ended Net sales $ 62,900 $ 52,579 $ 265,595 $ 229,234 Cost of sales (1) 38,816 32,648 163,756 141,048 Gross margin 24,084 19,931 101,839 88,186 Operating expenses: Research and development (1) 3,750 2,997 14,236 11,581 Selling, general and administrative (1) 4,216 3,814 16,705 15,261 Total operating expenses 7,966 6,811 30,941 26,842 Operating income 16,118 13,120 70,898 61,344 Other income/(expense), net 303 797 2,005 2,745 Income before provision for income taxes 16,421 13,917 72,903 64,089 Provision for income taxes 2,296 3,203 13,372 15,738 Net income $ 14,125 $ 10,714 $ 59,531 $ 48,351 Earnings per share: Basic $ 2.94 $ 2.08 $ 12.01 $ 9.27 Diluted $ 2.91 $ 2.07 $ 11.91 $ 9.21 Shares used in computing earnings per share: Basic 4,801,589 5,149,428 4,955,377 5,217,242 Diluted 4,847,547 5,183,585 5,000,109 5,251,692 Cash dividends declared per share $ 0.73 $ 0.63 $ 2.72 $ 2.40 | (1) Includes share-based compensation expense as follows: | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Cost of sales | $ | 251 | $ | 215 | $ | 1,010 | $ | 877 | | Research and development | $ | 681 | $ | 569 | $ | 2,668 | $ | 2,299 | | Selling, general and administrative | $ | 413 | $ | 390 | $ | 1,662 | $ | 1,664 | Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except number of shares which are reflected in thousands and par value) September 29, 2018 September 30, 2017 ASSETS: Current assets: Cash and cash equivalents $ 25,913 $ 20,289 Marketable securities 40,388 53,892 Accounts receivable, net 23,186 17,874 Inventories 3,956 4,855 Vendor non-trade receivables 25,809 17,799 Other current assets 12,087 13,936 Total current assets 131,339 128,645 Non-current assets: | Marketable securities | 170,799 | 194,714 | | --- | --- | --- | | Property, plant and equipment, net | 41,304 | 33,783 | | Other non-current assets | 22,283 | 18,177 | | Total non-current assets | 234,386 |
246,674 | | Total assets |
$ 365,725 $ 375,319 | | | --- | --- | --- | | | | | | LIABILITIES AND SHAREHOLDERS’EQUITY: | | | | Current liabilities: | | | | Accounts payable | $ 55,888 | $ 44,242 | | Other current liabilities | 32,687 30,551 | | | Deferred revenue | 7,543 | 7,548 | | Commercial paper | 11,964 11,977 | | | Term debt | 8,784 | 6,496 | | Total current liabilities |
116,866 100,814 | | | | | | | Non-current liabilities: | | | | Deferred revenue | 2,797 | 2,836 | | Term debt | 93,735 97,207 | | | Other non-current liabilities | 45,180 | 40,415 | | Total non-current liabilities |
141,712 140,458 | | | Total liabilities | 258,578 | 241,272 | | | | | | Commitments and contingencies | | | | | | | | Shareholders’equity: | | | | Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 4,754,986 and 5,126,201 shares issued and outstanding, respectively | 40,201 35,867 | | | Retained earnings | 70,400 | 98,330 | | Accumulated other comprehensive income/(loss) | (3,454) (150) | | Total shareholders’equity 107,147 134,047 Total liabilities and shareholders’equity $ 365,725 $ 375,319 Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions) Twelve Months Ended September 29, 2018 September 30, 2017 | Cash and cash equivalents, beginning of the period | $ 20,289 | $ 20,484 | | --- | --- | --- | | Operating activities: | | | | Net income | 59,531 | 48,351 | | Adjustments to reconcile net income to cash generated by operating activities: | | | | Depreciation and amortization | 10,903 | 10,157 | | Share-based compensation expense | 5,340 | 4,840 | | Deferred income tax expense/(benefit) | (32,590) | 5,966 | | Oth

FAQs

What financial statements are included in the document?

The document includes condensed consolidated statements of operations, condensed consolidated balance sheets, and condensed consolidated statements of cash flows, all marked as unaudited.

What periods does the statements of operations cover?

The statements of operations cover three months ended and twelve months ended for September 29, 2018 and September 30, 2017.

How is cash flow presented in the cash flow statements?

Cash flows are presented by operating activities, investing activities, and financing activities, including net changes such as purchases and proceeds from marketable securities and repurchases of common stock.

Sep 20, 2026

Uploaded by Quinn