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As Of Filer Filing For·On·As Docs:Size 5/01/19 Apple Inc. 10-Q 3/30/19 72:10M |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 1.34M 2: EX-31.1 Certification -- §302 - SOA'02 HTML 30K 3: EX-31.2 Certification -- §302 - SOA'02 HTML 30K 4: EX-32.1 Certification -- §906 - SOA'02 HTML 27K 11: R1 Document and Entity Information HTML 49K 12: R2 Condensed Consolidated Statements of Operations HTML 81K (Unaudited) 13: R3 Condensed Consolidated Statements of Comprehensive HTML 63K Income (Unaudited) 14: R4 Condensed Consolidated Balance Sheets (Unaudited) HTML 117K 15: R5 Condensed Consolidated Balance Sheets (Unaudited) HTML 32K (Parenthetical) 16: R6 Condensed Consolidated Statements of Shareholders' HTML 71K Equity (Unaudited) 17: R7 Condensed Consolidated Statements of Cash Flows HTML 123K (Unaudited) 18: R8 Summary of Significant Accounting Policies HTML 67K 19: R9 Revenue Recognition HTML 64K 20: R10 Financial Instruments HTML 396K 21: R11 Condensed Consolidated Financial Statement Details HTML 61K 22: R12 Income Taxes HTML 30K 23: R13 Debt HTML 178K 24: R14 Shareholders' Equity HTML 27K 25: R15 Comprehensive Income HTML 85K 26: R16 Benefit Plans HTML 57K 27: R17 Commitments and Contingencies HTML 63K 28: R18 Segment Information and Geographic Data HTML 100K 29: R19 Summary of Significant Accounting Policies HTML 87K (Policies) 30: R20 Summary of Significant Accounting Policies HTML 54K (Tables) 31: R21 Revenue Recognition (Tables) HTML 51K 32: R22 Financial Instruments (Tables) HTML 372K 33: R23 Condensed Consolidated Financial Statement Details HTML 63K (Tables) 34: R24 Debt (Tables) HTML 174K 35: R25 Comprehensive Income (Tables) HTML 86K 36: R26 Benefit Plans (Tables) HTML 53K 37: R27 Commitments and Contingencies (Tables) HTML 41K 38: R28 Segment Information and Geographic Data (Tables) HTML 101K 39: R29 Summary of Significant Accounting Policies - HTML 40K Additional Information (Details) 40: R30 Summary of Significant Accounting Policies - HTML 48K Computation of Basic and Diluted Earnings Per Share (Details) 41: R31 Revenue Recognition - Additional Information HTML 27K (Details) 42: R32 Revenue Recognition - Deferred Revenue, Expected HTML 33K Timing of Realization, Percentage (Details) 43: R33 Revenue Recognition - Deferred Revenue, Expected HTML 31K Timing of Realization, Period (Details) 44: R34 Revenue Recognition - Net Sales Disaggregated by HTML 40K Significant Products and Services (Details) 45: R35 Financial Instruments - Cash, Cash Equivalents and HTML 98K Marketable Securities (Details) 46: R36 Financial Instruments - Additional Information HTML 95K (Details) 47: R37 Financial Instruments - Marketable Securities in a HTML 38K Continuous Unrealized Loss Position (Details) 48: R38 Financial Instruments - Restricted Cash (Details) HTML 39K 49: R39 Financial Instruments - Derivative Instruments at HTML 51K Gross Fair Value (Details) 50: R40 Financial Instruments - 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Document |
California | 94-2404110 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S.
Employer Identification No.) | |
One Apple Park Way | ||
(Address of principal executive offices) | (Zip
Code) |
Large accelerated filer | ☒ | Accelerated filer | ☐ | |||
Non-accelerated
filer | ☐ | Smaller reporting company | ☐ | |||
Emerging growth company | ☐ |
Page | ||
Three
Months Ended | Six Months Ended | ||||||||||||||
Net sales: | |||||||||||||||
Products | $ | i 46,565 | $ | i 51,287 | $ | i 120,000 | $ | i 130,451 | |||||||
Services | i 11,450 | i 9,850 | i 22,325 | i 18,979 | |||||||||||
Total
net sales | i 58,015 | i 61,137 | i 142,325 | i 149,430 | |||||||||||
Cost
of sales: | |||||||||||||||
Products | i 32,047 | i 33,936 | i 80,285 | i 84,511 | |||||||||||
Services | i 4,147 | i 3,779 | i 8,188 | i 7,585 | |||||||||||
Total
cost of sales | i 36,194 | i 37,715 | i 88,473 | i 92,096 | |||||||||||
Gross
margin | i 21,821 | i 23,422 | i 53,852 | i 57,334 | |||||||||||
Operating
expenses: | |||||||||||||||
Research and development | i 3,948 | i 3,378 | i 7,850 | i 6,785 | |||||||||||
Selling,
general and administrative | i 4,458 | i 4,150 | i 9,241 | i 8,381 | |||||||||||
Total
operating expenses | i 8,406 | i 7,528 | i 17,091 | i 15,166 | |||||||||||
Operating
income | i 13,415 | i 15,894 | i 36,761 | i 42,168 | |||||||||||
Other
income/(expense), net | i 378 | i 274 | i 938 | i 1,030 | |||||||||||
Income
before provision for income taxes | i 13,793 | i 16,168 | i 37,699 | i 43,198 | |||||||||||
Provision
for income taxes | i 2,232 | i 2,346 | i 6,173 | i 9,311 | |||||||||||
Net
income | $ | i 11,561 | $ | i 13,822 | $ | i 31,526 | $ | i 33,887 | |||||||
Earnings
per share: | |||||||||||||||
Basic | $ | i 2.47 | $ | i 2.75 | $ | i 6.70 | $ | i 6.69 | |||||||
Diluted | $ | i 2.46 | $ | i 2.73 | $ | i 6.66 | $ | i 6.63 | |||||||
Shares
used in computing earnings per share: | |||||||||||||||
Basic | i 4,674,071 | i 5,024,877 | i 4,704,945 | i 5,068,877 | |||||||||||
Diluted | i 4,700,646 | i 5,068,493 | i 4,736,949 | i 5,113,140 |
Three
Months Ended | Six Months Ended | ||||||||||||||
Net income | $ | i 11,561 | $ | i 13,822 | $ | i 31,526 | $ | i 33,887 | |||||||
Other
comprehensive income/(loss): | |||||||||||||||
Change in foreign currency translation, net of tax | i 174 | i 263 | i 96 | i 303 | |||||||||||
Change
in unrealized gains/losses on derivative instruments, net of tax: | |||||||||||||||
Change in fair value of derivatives | ( i 50 | ) | ( i 27 | ) | ( i 384 | ) | i 61 | ||||||||
Adjustment
for net (gains)/losses realized and included in net income | ( i 105 | ) | ( i 207 | ) | ( i 63 | ) | ( i 105 | ) | |||||||
Total
change in unrealized gains/losses on derivative instruments | ( i 155 | ) | ( i 234 | ) | ( i 447 | ) | ( i 44 | ) | |||||||
Change
in unrealized gains/losses on marketable securities, net of tax: | |||||||||||||||
Change in fair value of marketable securities | i 2,042 | ( i 2,003 | ) | i 2,152 | ( i 2,849 | ) | |||||||||
Adjustment
for net (gains)/losses realized and included in net income | i 28 | i 29 | i 65 | ( i 46 | ) | ||||||||||
Total
change in unrealized gains/losses on marketable securities | i 2,070 | ( i 1,974 | ) | i 2,217 | ( i 2,895 | ) | |||||||||
Total
other comprehensive income/(loss) | i 2,089 | ( i 1,945 | ) | i 1,866 | ( i 2,636 | ) | |||||||||
Total
comprehensive income | $ | i 13,650 | $ | i 11,877 | $ | i 33,392 | $ | i 31,251 |
ASSETS: | |||||||
Current assets: | |||||||
Cash and cash equivalents | $ | i 37,988 | $ | i 25,913 | |||
Marketable
securities | i 42,104 | i 40,388 | |||||
Accounts
receivable, net | i 15,085 | i 23,186 | |||||
Inventories | i 4,884 | i 3,956 | |||||
Vendor
non-trade receivables | i 11,193 | i 25,809 | |||||
Other
current assets | i 12,092 | i 12,087 | |||||
Total
current assets | i 123,346 | i 131,339 | |||||
Non-current
assets: | |||||||
Marketable securities | i 145,319 | i 170,799 | |||||
Property,
plant and equipment, net | i 38,746 | i 41,304 | |||||
Other
non-current assets | i 34,587 | i 22,283 | |||||
Total
non-current assets | i 218,652 | i 234,386 | |||||
Total
assets | $ | i 341,998 | $ | i 365,725 | |||
LIABILITIES
AND SHAREHOLDERS’ EQUITY: | |||||||
Current liabilities: | |||||||
Accounts payable | $ | i 30,443 | $ | i 55,888 | |||
Other
current liabilities | i 35,368 | i 33,327 | |||||
Deferred
revenue | i 5,532 | i 5,966 | |||||
Commercial
paper | i 11,924 | i 11,964 | |||||
Term
debt | i 10,505 | i 8,784 | |||||
Total
current liabilities | i 93,772 | i 115,929 | |||||
Non-current
liabilities: | |||||||
Term debt | i 90,201 | i 93,735 | |||||
Other
non-current liabilities | i 52,165 | i 48,914 | |||||
Total
non-current liabilities | i 142,366 | i 142,649 | |||||
Total
liabilities | i 236,138 | i 258,578 | |||||
Commitments
and contingencies | i | i | |||||
Shareholders’
equity: | |||||||
Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 4,607,284 and 4,754,986 shares issued and outstanding, respectively | i 42,801 | i 40,201 | |||||
Retained
earnings | i 64,558 | i 70,400 | |||||
Accumulated
other comprehensive income/(loss) | ( i 1,499 | ) | ( i 3,454 | ) | |||
Total
shareholders’ equity | i 105,860 | i 107,147 | |||||
Total
liabilities and shareholders’ equity | $ | i 341,998 | $ | i 365,725 |
Three
Months Ended | Six Months Ended | ||||||||||||||
Total shareholders’ equity, beginning balances | $ | i 117,892 | $ | i 140,199 | $ | i 107,147 | $ | i 134,047 | |||||||
Common
stock and additional paid-in capital: | |||||||||||||||
Beginning balances | i 40,970 | i 36,447 | i 40,201 | i 35,867 | |||||||||||
Common
stock issued | i 390 | i 327 | i 390 | i 327 | |||||||||||
Common
stock withheld related to net share settlement of equity awards | ( i 105 | ) | ( i 107 | ) | ( i 927 | ) | ( i 845 | ) | |||||||
Share-based
compensation | i 1,546 | i 1,377 | i 3,137 | i 2,695 | |||||||||||
Ending
balances | i 42,801 | i 38,044 | i 42,801 | i 38,044 | |||||||||||
Retained
earnings: | |||||||||||||||
Beginning balances | i 80,510 | i 104,593 | i 70,400 | i 98,330 | |||||||||||
Net
income | i 11,561 | i 13,822 | i 31,526 | i 33,887 | |||||||||||
Dividends
and dividend equivalents declared | ( i 3,499 | ) | ( i 3,239 | ) | ( i 7,025 | ) | ( i 6,539 | ) | |||||||
Common
stock withheld related to net share settlement of equity awards | ( i 14 | ) | ( i 56 | ) | ( i 608 | ) | ( i 449 | ) | |||||||
Common
stock repurchased | ( i 24,000 | ) | ( i 23,500 | ) | ( i 32,236 | ) | ( i 33,609 | ) | |||||||
Cumulative
effects of changes in accounting principles | i — | i 278 | i 2,501 | i 278 | |||||||||||
Ending
balances | i 64,558 | i 91,898 | i 64,558 | i 91,898 | |||||||||||
Accumulated
other comprehensive income/(loss): | |||||||||||||||
Beginning balances | ( i 3,588 | ) | ( i 841 | ) | ( i 3,454 | ) | ( i 150 | ) | |||||||
Other
comprehensive income/(loss) | i 2,089 | ( i 1,945 | ) | i 1,866 | ( i 2,636 | ) | |||||||||
Cumulative
effects of changes in accounting principles | i — | ( i 278 | ) | i 89 | ( i 278 | ) | |||||||||
Ending
balances | ( i 1,499 | ) | ( i 3,064 | ) | ( i 1,499 | ) | ( i 3,064 | ) | |||||||
Total
shareholders’ equity, ending balances | $ | i 105,860 | $ | i 126,878 | $ | i 105,860 | $ | i 126,878 | |||||||
Dividends
and dividend equivalents declared per share or RSU | $ | i 0.73 | $ | i 0.63 | $ | i 1.46 | $ | i 1.26 |
Six
Months Ended | |||||||
Cash, cash equivalents and restricted cash, beginning balances | $ | i 25,913 | $ | i 20,289 | |||
Operating
activities: | |||||||
Net income | i 31,526 | i 33,887 | |||||
Adjustments
to reconcile net income to cash generated by operating activities: | |||||||
Depreciation and amortization | i 6,435 | i 5,484 | |||||
Share-based
compensation expense | i 3,073 | i 2,644 | |||||
Deferred
income tax benefit | ( i 124 | ) | ( i 34,235 | ) | |||
Other | ( i 215 | ) | ( i 151 | ) | |||
Changes
in operating assets and liabilities: | |||||||
Accounts receivable, net | i 8,094 | i 3,523 | |||||
Inventories | ( i 1,006 | ) | ( i 2,807 | ) | |||
Vendor
non-trade receivables | i 14,616 | i 9,715 | |||||
Other
current and non-current assets | ( i 717 | ) | ( i 1,053 | ) | |||
Accounts
payable | ( i 20,024 | ) | ( i 12,004 | ) | |||
Deferred
revenue | ( i 540 | ) | i 394 | ||||
Other
current and non-current liabilities | ( i 3,273 | ) | i 38,026 | ||||
Cash
generated by operating activities | i 37,845 | i 43,423 | |||||
Investing
activities: | |||||||
Purchases of marketable securities | ( i 13,854 | ) | ( i 48,449 | ) | |||
Proceeds
from maturities of marketable securities | i 16,880 | i 31,884 | |||||
Proceeds
from sales of marketable securities | i 22,635 | i 38,942 | |||||
Payments
for acquisition of property, plant and equipment | ( i 5,718 | ) | ( i 7,005 | ) | |||
Payments
made in connection with business acquisitions, net | ( i 291 | ) | ( i 305 | ) | |||
Purchases
of non-marketable securities | ( i 490 | ) | ( i 163 | ) | |||
Other | i 30 | i 216 | |||||
Cash
generated by investing activities | i 19,192 | i 15,120 | |||||
Financing
activities: | |||||||
Proceeds from issuance of common stock | i 390 | i 327 | |||||
Payments
for taxes related to net share settlement of equity awards | ( i 1,427 | ) | ( i 1,190 | ) | |||
Payments
for dividends and dividend equivalents | ( i 7,011 | ) | ( i 6,529 | ) | |||
Repurchases
of common stock | ( i 32,498 | ) | ( i 32,851 | ) | |||
Proceeds
from issuance of term debt, net | i — | i 6,969 | |||||
Repayments
of term debt | ( i 2,500 | ) | ( i 500 | ) | |||
Other | ( i 87 | ) | i 1 | ||||
Cash
used in financing activities | ( i 43,133 | ) | ( i 33,773 | ) | |||
Increase
in cash, cash equivalents and restricted cash | i 13,904 | i 24,770 | |||||
Cash,
cash equivalents and restricted cash, ending balances | $ | i 39,817 | $ | i 45,059 | |||
Supplemental
cash flow disclosure: | |||||||
Cash paid for income taxes, net | $ | i 9,497 | $ | i 6,340 | |||
Cash
paid for interest | $ | i 1,762 | $ | i 1,356 |
Three Months Ended | Six
Months Ended | ||||||||||||||
Numerator: | |||||||||||||||
Net
income | $ | i 11,561 | $ | i 13,822 | $ | i 31,526 | $ | i 33,887 | |||||||
Denominator: | |||||||||||||||
Weighted-average
basic shares outstanding | i 4,674,071 | i 5,024,877 | i 4,704,945 | i 5,068,877 | |||||||||||
Effect
of dilutive securities | i 26,575 | i 43,616 | i 32,004 | i 44,263 | |||||||||||
Weighted-average
diluted shares | i 4,700,646 | i 5,068,493 | i 4,736,949 | i 5,113,140 | |||||||||||
Basic
earnings per share | $ | i 2.47 | $ | i 2.75 | $ | i 6.70 | $ | i 6.69 | |||||||
Diluted
earnings per share | $ | i 2.46 | $ | i 2.73 | $ | i 6.66 | $ | i 6.63 |
Three Months Ended | Six
Months Ended | ||||||||||||||
iPhone (1) | $ | i 31,051 | $ | i 37,559 | $ | i 83,033 | $ | i 98,663 | |||||||
Mac
(1) | i 5,513 | i 5,776 | i 12,929 | i 12,600 | |||||||||||
iPad (1) | i 4,872 | i 4,008 | i 11,601 | i 9,763 | |||||||||||
Wearables,
Home and Accessories (1)(2) | i 5,129 | i 3,944 | i 12,437 | i 9,425 | |||||||||||
Services
(3) | i 11,450 | i 9,850 | i 22,325 | i 18,979 | |||||||||||
Total
net sales (4) | $ | i 58,015 | $ | i 61,137 | $ | i 142,325 | $ | i 149,430 |
(1) | Products
net sales include amortization of the deferred value of unspecified software upgrade rights, which are bundled in the sales price of the respective product. |
(2) | Wearables, Home and Accessories net sales include sales of AirPods®, Apple TV®, Apple Watch®, Beats® products, HomePod™, iPod touch® and Apple-branded and third-party accessories. |
(3) | Services net sales include sales from the Company’s digital content stores and streaming services,
AppleCare®, Apple Pay®, licensing and other services. Services net sales also include amortization of the deferred value of Maps, Siri and free iCloud services, which are bundled in the sales price of certain products. |
(4) | Includes $ i 1.9 billion and $ i 2.2
billion of revenue recognized in the three months ended March 30, 2019 and March 31, 2018, respectively, and $ i 3.8 billion and $ i 3.5
billion of revenue recognized in the six months ended March 30, 2019 and March 31, 2018, respectively, that was included in deferred revenue at the beginning of each respective period. |
Adjusted Cost | Unrealized Gains | Unrealized Losses | Fair Value | Cash and Cash Equivalents | Short-Term Marketable Securities | Long-Term Marketable Securities | |||||||||||||||||||||
Cash | $ | i 11,751 | $ | i — | $ | i — | $ | i 11,751 | $ | i 11,751 | $ | i — | $ | i — | |||||||||||||
Level
1 (1): | |||||||||||||||||||||||||||
Money
market funds | i 8,719 | i — | i — | i 8,719 | i 8,719 | i — | i — | ||||||||||||||||||||
Subtotal | i 8,719 | i — | i — | i 8,719 | i 8,719 | i — | i — | ||||||||||||||||||||
Level
2 (2): | |||||||||||||||||||||||||||
U.S.
Treasury securities | i 48,215 | i 6 | ( i 401 | ) | i 47,820 | i 8,815 | i 6,957 | i 32,048 | |||||||||||||||||||
U.S.
agency securities | i 6,458 | i — | ( i 19 | ) | i 6,439 | i 4,354 | i 526 | i 1,559 | |||||||||||||||||||
Non-U.S.
government securities | i 21,572 | i 132 | ( i 108 | ) | i 21,596 | i 243 | i 3,992 | i 17,361 | |||||||||||||||||||
Certificates
of deposit and time deposits | i 3,472 | i — | i — | i 3,472 | i 1,980 | i 1,372 | i 120 | ||||||||||||||||||||
Commercial
paper | i 2,150 | i — | i — | i 2,150 | i 2,122 | i 28 | i — | ||||||||||||||||||||
Corporate
debt securities | i 106,837 | i 228 | ( i 730 | ) | i 106,335 | i 4 | i 28,164 | i 78,167 | |||||||||||||||||||
Municipal
securities | i 946 | i 4 | ( i 2 | ) | i 948 | i — | i 75 | i 873 | |||||||||||||||||||
Mortgage-
and asset-backed securities | i 16,438 | i 15 | ( i 272 | ) | i 16,181 | i — | i 990 | i 15,191 | |||||||||||||||||||
Subtotal | i 206,088 | i 385 | ( i 1,532 | ) | i 204,941 | i 17,518 | i 42,104 | i 145,319 | |||||||||||||||||||
Total
(3) | $ | i 226,558 | $ | i 385 | $ | ( i 1,532 | ) | $ | i 225,411 | $ | i 37,988 | $ | i 42,104 | $ | i 145,319 |
Adjusted Cost | Unrealized Gains | Unrealized Losses | Fair Value | Cash
and Cash Equivalents | Short-Term Marketable Securities | Long-Term Marketable Securities | |||||||||||||||||||||
Cash | $ | i 11,575 | $ | i — | $ | i — | $ | i 11,575 | $ | i 11,575 | $ | i — | $ | i — | |||||||||||||
Level
1 (1): | |||||||||||||||||||||||||||
Money
market funds | i 8,083 | i — | i — | i 8,083 | i 8,083 | i — | i — | ||||||||||||||||||||
Mutual
funds | i 799 | i — | ( i 116 | ) | i 683 | i — | i 683 | i — | |||||||||||||||||||
Subtotal | i 8,882 | i — | ( i 116 | ) | i 8,766 | i 8,083 | i 683 | i — | |||||||||||||||||||
Level
2 (2): | |||||||||||||||||||||||||||
U.S.
Treasury securities | i 47,296 | i — | ( i 1,202 | ) | i 46,094 | i 1,613 | i 7,606 | i 36,875 | |||||||||||||||||||
U.S.
agency securities | i 4,127 | i — | ( i 48 | ) | i 4,079 | i 1,732 | i 360 | i 1,987 | |||||||||||||||||||
Non-U.S.
government securities | i 21,601 | i 49 | ( i 250 | ) | i 21,400 | i — | i 3,355 | i 18,045 | |||||||||||||||||||
Certificates
of deposit and time deposits | i 3,074 | i — | i — | i 3,074 | i 1,247 | i 1,330 | i 497 | ||||||||||||||||||||
Commercial
paper | i 2,573 | i — | i — | i 2,573 | i 1,663 | i 910 | i — | ||||||||||||||||||||
Corporate
debt securities | i 123,001 | i 152 | ( i 2,038 | ) | i 121,115 | i — | i 25,162 | i 95,953 | |||||||||||||||||||
Municipal
securities | i 946 | i — | ( i 12 | ) | i 934 | i — | i 178 | i 756 | |||||||||||||||||||
Mortgage-
and asset-backed securities | i 18,105 | i 8 | ( i 623 | ) | i 17,490 | i — | i 804 | i 16,686 | |||||||||||||||||||
Subtotal | i 220,723 | i 209 | ( i 4,173 | ) | i 216,759 | i 6,255 | i 39,705 | i 170,799 | |||||||||||||||||||
Total
(3) | $ | i 241,180 | $ | i 209 | $ | ( i 4,289 | ) | $ | i 237,100 | $ | i 25,913 | $ | i 40,388 | $ | i 170,799 |
(1) | Level
1 fair value estimates are based on quoted prices in active markets for identical assets or liabilities. |
(2) | i Level 2 fair value estimates are based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable
or can be corroborated by observable market data for substantially the full term of the assets or liabilities. |
(3) | As of March 30, 2019 and September 29, 2018, total cash, cash equivalents and marketable securities included $ i 19.3
billion and $ i 20.3 billion, respectively, that was restricted from general use, related to the State Aid Decision (refer to Note 5, “Income Taxes”) and other agreements. |
Continuous Unrealized Losses | |||||||||||
Less than 12 Months | 12 Months or Greater | Total | |||||||||
Fair value of marketable debt securities | $ | i 18,814 | $ | i 131,393 | $ | i 150,207 | |||||
Unrealized
losses | $ | ( i 87 | ) | $ | ( i 1,445 | ) | $ | ( i 1,532 | ) |
Continuous Unrealized Losses | |||||||||||
Less than 12 Months | 12 Months or Greater | Total | |||||||||
Fair value of marketable securities | $ | i 126,238 | $ | i 60,599 | $ | i 186,837 | |||||
Unrealized
losses | $ | ( i 2,400 | ) | $ | ( i 1,889 | ) | $ | ( i 4,289 | ) |
Cash and cash equivalents | $ | i 37,988 | |
Restricted cash included in other current assets | i 341 | ||
Restricted
cash included in other non-current assets | i 1,488 | ||
Cash, cash equivalents and restricted cash | $ | i 39,817 |
Fair
Value of Derivatives Designated as Hedge Instruments | Fair Value of Derivatives Not Designated as Hedge Instruments | Total Fair Value | |||||||||
Derivative assets (1): | |||||||||||
Foreign
exchange contracts | $ | i 1,364 | $ | i 216 | $ | i 1,580 | |||||
Interest
rate contracts | $ | i 68 | $ | i — | $ | i 68 | |||||
Derivative
liabilities (2): | |||||||||||
Foreign exchange contracts | $ | i 649 | $ | i 273 | $ | i 922 | |||||
Interest
rate contracts | $ | i 402 | $ | i — | $ | i 402 |
Fair Value of Derivatives Designated as Hedge Instruments | Fair Value of Derivatives Not Designated as Hedge Instruments | Total Fair Value | |||||||||
Derivative assets (1): | |||||||||||
Foreign
exchange contracts | $ | i 1,015 | $ | i 259 | $ | i 1,274 | |||||
Derivative
liabilities (2): | |||||||||||
Foreign exchange contracts | $ | i 543 | $ | i 137 | $ | i 680 | |||||
Interest
rate contracts | $ | i 1,456 | $ | i — | $ | i 1,456 |
(1) | The
fair value of derivative assets is measured using Level 2 fair value inputs and is recorded as other current assets and other non-current assets in the Condensed Consolidated Balance Sheets. |
(2) | The fair value of derivative liabilities is measured using Level 2 fair value inputs and is recorded as other current liabilities and other non-current liabilities in the Condensed Consolidated Balance Sheets. |
Three
Months Ended | Six Months Ended | ||||||||||||||
Gains/(Losses) recognized in OCI – effective portion: | |||||||||||||||
Cash flow hedges: | |||||||||||||||
Foreign
exchange contracts | $ | ( i 64 | ) | $ | i 37 | $ | ( i 542 | ) | $ | i 190 | |||||
Interest
rate contracts | i — | i — | i — | i 1 | |||||||||||
Total | $ | ( i 64 | ) | $ | i 37 | $ | ( i 542 | ) | $ | i 191 | |||||
Net
investment hedges: | |||||||||||||||
Foreign currency debt | $ | ( i 7 | ) | $ | ( i 33 | ) | $ | ( i 23 | ) | $ | ( i 31 | ) | |||
Gains/(Losses)
reclassified from AOCI into net income – effective portion: | |||||||||||||||
Cash flow hedges: | |||||||||||||||
Foreign
exchange contracts | $ | i 134 | $ | i 287 | $ | i 16 | $ | i 163 | |||||||
Interest
rate contracts | ( i 2 | ) | i 2 | ( i 3 | ) | i 3 | |||||||||
Total | $ | i 132 | $ | i 289 | $ | i 13 | $ | i 166 | |||||||
Gains/(Losses)
on derivative instruments: | |||||||||||||||
Fair value hedges: | |||||||||||||||
Foreign
exchange contracts | $ | i 243 | $ | i — | $ | i 645 | $ | i — | |||||||
Interest
rate contracts | i 465 | ( i 674 | ) | i 1,122 | ( i 948 | ) | |||||||||
Total | $ | i 708 | $ | ( i 674 | ) | $ | i 1,767 | $ | ( i 948 | ) | |||||
Gains/(Losses)
related to hedged items: | |||||||||||||||
Fair value hedges: | |||||||||||||||
Marketable
securities | $ | ( i 242 | ) | $ | i — | $ | ( i 644 | ) | $ | i — | |||||
Fixed-rate
debt | ( i 465 | ) | i 674 | ( i 1,122 | ) | i 948 | |||||||||
Total | $ | ( i 707 | ) | $ | i 674 | $ | ( i 1,766 | ) | $ | i 948 |
Notional Amount | Credit Risk Amount | Notional Amount | Credit
Risk Amount | ||||||||||||
Instruments designated as accounting hedges: | |||||||||||||||
Foreign exchange contracts | $ | i 52,660 | $ | i 1,364 | $ | i 65,368 | $ | i 1,015 | |||||||
Interest
rate contracts | $ | i 33,250 | $ | i 68 | $ | i 33,250 | $ | i — | |||||||
Instruments
not designated as accounting hedges: | |||||||||||||||
Foreign exchange contracts | $ | i 63,477 | $ | i 216 | $ | i 63,062 | $ | i 259 |
Land and buildings | $ | i 16,308 | $ | i 16,216 | |||
Machinery,
equipment and internal-use software | i 68,139 | i 65,982 | |||||
Leasehold
improvements | i 8,589 | i 8,205 | |||||
Gross
property, plant and equipment | i 93,036 | i 90,403 | |||||
Accumulated
depreciation and amortization | ( i 54,290 | ) | ( i 49,099 | ) | |||
Total
property, plant and equipment, net | $ | i 38,746 | $ | i 41,304 |
Long-term taxes payable | $ | i 30,986 | $ | i 33,589 | |||
Other
non-current liabilities | i 21,179 | i 15,325 | |||||
Total
other non-current liabilities | $ | i 52,165 | $ | i 48,914 |
Three
Months Ended | Six Months Ended | ||||||||||||||
Interest and dividend income | $ | i 1,358 | $ | i 1,505 | $ | i 2,665 | $ | i 2,957 | |||||||
Interest
expense | ( i 1,010 | ) | ( i 792 | ) | ( i 1,900 | ) | ( i 1,526 | ) | |||||||
Other
income/(expense), net | i 30 | ( i 439 | ) | i 173 | ( i 401 | ) | |||||||||
Total
other income/(expense), net | $ | i 378 | $ | i 274 | $ | i 938 | $ | i 1,030 |
Six Months Ended | |||||||
Maturities 90 days or less: | |||||||
Proceeds from/(Repayments of) commercial paper, net | $ | ( i 2,484 | ) | $ | i 4,070 | ||
Maturities
greater than 90 days: | |||||||
Proceeds from commercial paper | i 10,235 | i 5,550 | |||||
Repayments
of commercial paper | ( i 7,787 | ) | ( i 9,619 | ) | |||
Proceeds
from/(Repayments of) commercial paper, net | i 2,448 | ( i 4,069 | ) | ||||
Total
proceeds from/(repayments of) commercial paper, net | $ | ( i 36 | ) | $ | i 1 |
Maturities (calendar
year) | |||||||||||||||||||||||
Amount (in millions) | Effective Interest Rate | Amount (in
millions) | Effective Interest Rate | ||||||||||||||||||||
2013 debt issuance of $17.0 billion: | |||||||||||||||||||||||
Fixed-rate
2.400% – 3.850% notes | i 2023 | – | i 2043 | $ | i 8,500 | i 2.44% | – | i 3.91 | % | $ | i 8,500 | i 2.44% | – | i 3.91 | % | ||||||||
2014
debt issuance of $12.0 billion: | |||||||||||||||||||||||
Floating-rate
notes | i 2019 | i 1,000 | i 3.03 | % | i 1,000 | i 2.64 | % | ||||||||||||||||
Fixed-rate
2.100% – 4.450% notes | i 2019 | – | i 2044 | i 8,500 | i 3.03% | – | i 4.48 | % | i 8,500 | i 2.64% | – | i 4.48 | % | ||||||||||
2015
debt issuances of $27.3 billion: | |||||||||||||||||||||||
Floating-rate
notes | i 2019 | – | i 2020 | i 1,497 | i 1.87% | – | i 2.99 | % | i 1,507 | i 1.87% | – | i 2.64 | % | ||||||||||
Fixed-rate
0.350% – 4.375% notes | i 2019 | – | i 2045 | i 24,178 | i 0.28% | – | i 4.51 | % | i 24,410 | i 0.28% | – | i 4.51 | % | ||||||||||
2016
debt issuances of $24.9 billion: | |||||||||||||||||||||||
Floating-rate
notes | i 2019 | – | i 2021 | i 850 | i 2.88% | – | i 3.78 | % | i 1,350 | i 2.48% | – | i 3.44 | % | ||||||||||
Fixed-rate
1.100% – 4.650% notes | i 2019 | – | i 2046 | i 22,038 | i 1.13% | – | i 4.78 | % | i 23,059 | i 1.13% | – | i 4.78 | % | ||||||||||
2017
debt issuances of $28.7 billion: | |||||||||||||||||||||||
Floating-rate
notes | i 2020 | – | i 2022 | i 2,750 | i 2.77% | – | i 3.20 | % | i 3,250 | i 2.41% | – | i 2.84 | % | ||||||||||
Fixed-rate
0.875% – 4.300% notes | i 2019 | – | i 2047 | i 24,929 | i 1.54% | – | i 4.30 | % | i 25,617 | i 1.54% | – | i 4.30 | % | ||||||||||
2018
debt issuance of $7.0 billion: | |||||||||||||||||||||||
Fixed-rate
1.800% – 3.750% notes | i 2019 | – | i 2047 | i 7,000 | i 1.83% | – | i 3.80 | % | i 7,000 | i 1.83% | – | i 3.80 | % | ||||||||||
Total
term debt | i 101,242 | i 104,193 | |||||||||||||||||||||
Unamortized
premium/(discount) and issuance costs, net | ( i 202 | ) | ( i 218 | ) | |||||||||||||||||||
Hedge
accounting fair value adjustments | ( i 334 | ) | ( i 1,456 | ) | |||||||||||||||||||
Less:
Current portion of term debt | ( i 10,505 | ) | ( i 8,784 | ) | |||||||||||||||||||
Total
non-current portion of term debt | $ | i 90,201 | $ | i 93,735 |
Three
Months Ended | Six Months Ended | |||||||||||||||||
Comprehensive Income Components | Financial Statement Line Item | |||||||||||||||||
Unrealized (gains)/losses on derivative instruments: | ||||||||||||||||||
Foreign
exchange contracts | Total net sales | $ | ( i 97 | ) | $ | i 87 | $ | ( i 34 | ) | $ | i 271 | |||||||
Total
cost of sales | ( i 76 | ) | i 21 | ( i 451 | ) | ( i 6 | ) | |||||||||||
Other
income/(expense), net | i 52 | ( i 390 | ) | i 448 | ( i 423 | ) | ||||||||||||
Interest
rate contracts | Other income/(expense), net | i 2 | ( i 2 | ) | i 3 | ( i 3 | ) | |||||||||||
( i 119 | ) | ( i 284 | ) | ( i 34 | ) | ( i 161 | ) | |||||||||||
Unrealized
(gains)/losses on marketable securities | Other income/(expense), net | i 36 | i 36 | i 83 | ( i 80 | ) | ||||||||||||
Total
amounts reclassified from AOCI | $ | ( i 83 | ) | $ | ( i 248 | ) | $ | i 49 | $ | ( i 241 | ) |
Cumulative Foreign Currency Translation | Unrealized
Gains/Losses on Derivative Instruments | Unrealized Gains/Losses on Marketable Securities | Total | ||||||||||||
Balances as of September 29, 2018 | $ | ( i 1,055 | ) | $ | i 810 | $ | ( i 3,209 | ) | $ | ( i 3,454 | ) | ||||
Other
comprehensive income/(loss) before reclassifications | i 90 | ( i 533 | ) | i 2,734 | i 2,291 | ||||||||||
Amounts
reclassified from AOCI | i — | ( i 34 | ) | i 83 | i 49 | ||||||||||
Tax
effect | i 6 | i 120 | ( i 600 | ) | ( i 474 | ) | |||||||||
Other
comprehensive income/(loss) | i 96 | ( i 447 | ) | i 2,217 | i 1,866 | ||||||||||
Cumulative
effect of change in accounting principle (1) | i — | i — | i 89 | i 89 | |||||||||||
Balances
as of March 30, 2019 | $ | ( i 959 | ) | $ | i 363 | $ | ( i 903 | ) | $ | ( i 1,499 | ) |
(1) | Refer
to Note 1, “Summary of Significant Accounting Policies” for more information on the Company’s adoption of ASU 2016-01 at the beginning of the first quarter of 2019. |
Number of RSUs (in thousands) | Weighted-Average Grant
Date Fair Value Per RSU | Aggregate Fair Value (in millions) | ||||||||
Balance as of September 29, 2018 | i 92,155 | $ | i 134.60 | |||||||
RSUs
granted | i 32,252 | $ | i 218.06 | |||||||
RSUs
vested | ( i 20,988 | ) | $ | i 125.84 | ||||||
RSUs
canceled | ( i 2,302 | ) | $ | i 157.83 | ||||||
Balance
as of March 30, 2019 | i 101,117 | $ | i 162.51 | $ | i 19,207 |
Three Months Ended | Six
Months Ended | ||||||||||||||
Share-based compensation expense | $ | i 1,514 | $ | i 1,348 | $ | i 3,073 | $ | i 2,644 | |||||||
Income
tax benefit related to share-based compensation expense | $ | ( i 331 | ) | $ | ( i 347 | ) | $ | ( i 1,081 | ) | $ | ( i 978 | ) |
Three
Months Ended | Six Months Ended | ||||||||||||||
Beginning accrued warranty and related costs | $ | i 3,819 | $ | i 4,323 | $ | i 3,692 | $ | i 3,834 | |||||||
Cost
of warranty claims | ( i 915 | ) | ( i 933 | ) | ( i 1,911 | ) | ( i 1,915 | ) | |||||||
Accruals
for product warranty | i 583 | i 640 | i 1,706 | i 2,111 | |||||||||||
Ending
accrued warranty and related costs | $ | i 3,487 | $ | i 4,030 | $ | i 3,487 | $ | i 4,030 |
Three Months Ended | Six Months Ended | ||||||||||||||
Americas: | |||||||||||||||
Net
sales | $ | i 25,596 | $ | i 24,841 | $ | i 62,536 | $ | i 60,034 | |||||||
Operating
income | $ | i 7,687 | $ | i 7,768 | $ | i 18,887 | $ | i 19,084 | |||||||
Europe: | |||||||||||||||
Net
sales | $ | i 13,054 | $ | i 13,846 | $ | i 33,417 | $ | i 34,900 | |||||||
Operating
income | $ | i 4,026 | $ | i 4,259 | $ | i 10,684 | $ | i 11,152 | |||||||
Greater
China: | |||||||||||||||
Net sales | $ | i 10,218 | $ | i 13,024 | $ | i 23,387 | $ | i 30,980 | |||||||
Operating
income | $ | i 3,607 | $ | i 4,963 | $ | i 8,921 | $ | i 11,871 | |||||||
Japan: | |||||||||||||||
Net
sales | $ | i 5,532 | $ | i 5,468 | $ | i 12,442 | $ | i 12,705 | |||||||
Operating
income | $ | i 2,390 | $ | i 2,346 | $ | i 5,404 | $ | i 5,428 | |||||||
Rest
of Asia Pacific: | |||||||||||||||
Net sales | $ | i 3,615 | $ | i 3,958 | $ | i 10,543 | $ | i 10,811 | |||||||
Operating
income | $ | i 1,096 | $ | i 1,278 | $ | i 3,656 | $ | i 3,853 |
Three
Months Ended | Six Months Ended | ||||||||||||||
Segment operating income | $ | i 18,806 | $ | i 20,614 | $ | i 47,552 | $ | i 51,388 | |||||||
Research
and development expense | ( i 3,948 | ) | ( i 3,378 | ) | ( i 7,850 | ) | ( i 6,785 | ) | |||||||
Other
corporate expenses, net | ( i 1,443 | ) | ( i 1,342 | ) | ( i 2,941 | ) | ( i 2,435 | ) | |||||||
Total
operating income | $ | i 13,415 | $ | i 15,894 | $ | i 36,761 | $ | i 42,168 |
Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
• | An
iPad Air® and an updated iPad mini®, featuring Retina® displays and Apple Pencil® compatibility. |
• | An updated iMac® with improved compute and graphics performance. |
• | Updated AirPods
with hands-free “Hey Siri” and the option of a wireless charging case. |
• | Apple News+, a subscription news and magazine service, available initially in the U.S. and Canada. |
• | Apple
Card™, a new kind of credit card designed for the iPhone, expected to be available to qualified customers in the U.S. in summer 2019. |
• | Apple Arcade™, a game subscription service, expected to launch in fall 2019. |
• | New Apple TV app and Apple TV channels, bringing together different ways to access shows, movies, sports and news in one app across devices, and allowing users to subscribe to specific third-party video services, expected to be available starting in May 2019. |
• | Apple
TV+, a new subscription service for exclusive original shows, movies and documentaries, expected to be available in fall 2019. |
Three Months Ended | Six Months Ended | ||||||||||||||||||||
Change | Change | ||||||||||||||||||||
Net
sales by category: | |||||||||||||||||||||
iPhone (1) | $ | 31,051 | $ | 37,559 | (17 | )% | $ | 83,033 | $ | 98,663 | (16 | )% | |||||||||
Mac
(1) | 5,513 | 5,776 | (5 | )% | 12,929 | 12,600 | 3 | % | |||||||||||||
iPad (1) | 4,872 | 4,008 | 22 | % | 11,601 | 9,763 | 19 | % | |||||||||||||
Wearables,
Home and Accessories (1)(2) | 5,129 | 3,944 | 30 | % | 12,437 | 9,425 | 32 | % | |||||||||||||
Services
(3) | 11,450 | 9,850 | 16 | % | 22,325 | 18,979 | 18 | % | |||||||||||||
Total
net sales | $ | 58,015 | $ | 61,137 | (5 | )% | $ | 142,325 | $ | 149,430 | (5 | )% |
(1) | Products
net sales include amortization of the deferred value of unspecified software upgrade rights, which are bundled in the sales price of the respective product. |
(2) | Wearables, Home and Accessories net sales include sales of AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch and Apple-branded and third-party accessories. |
(3) | Services net sales include sales from the Company’s digital content stores and streaming services,
AppleCare, Apple Pay, licensing and other services. Services net sales also include amortization of the deferred value of Maps, Siri and free iCloud services, which are bundled in the sales price of certain products. |
Three
Months Ended | Six Months Ended | ||||||||||||||||||||
Change | Change | ||||||||||||||||||||
Net sales by reportable segment: | |||||||||||||||||||||
Americas | $ | 25,596 | $ | 24,841 | 3 | % | $ | 62,536 | $ | 60,034 | 4 | % | |||||||||
Europe | 13,054 | 13,846 | (6 | )% | 33,417 | 34,900 | (4 | )% | |||||||||||||
Greater
China | 10,218 | 13,024 | (22 | )% | 23,387 | 30,980 | (25 | )% | |||||||||||||
Japan | 5,532 | 5,468 | 1 | % | 12,442 | 12,705 | (2 | )% | |||||||||||||
Rest
of Asia Pacific | 3,615 | 3,958 | (9 | )% | 10,543 | 10,811 | (2 | )% | |||||||||||||
Total
net sales | $ | 58,015 | $ | 61,137 | (5 | )% | $ | 142,325 | $ | 149,430 | (5 | )% |
Three
Months Ended | Six Months Ended | ||||||||||||||
Gross margin: | |||||||||||||||
Products | $ | 14,518 | $ | 17,351 | $ | 39,715 | $ | 45,940 | |||||||
Services | 7,303 | 6,071 | 14,137 | 11,394 | |||||||||||
Total
gross margin | $ | 21,821 | $ | 23,422 | $ | 53,852 | $ | 57,334 | |||||||
Gross
margin percentage: | |||||||||||||||
Products | 31.2 | % | 33.8 | % | 33.1 | % | 35.2 | % | |||||||
Services | 63.8 | % | 61.6 | % | 63.3 | % | 60.0 | % | |||||||
Total
gross margin percentage | 37.6 | % | 38.3 | % | 37.8 | % | 38.4 | % |
Three Months Ended | Six
Months Ended | ||||||||||||||
Research and development | $ | 3,948 | $ | 3,378 | $ | 7,850 | $ | 6,785 | |||||||
Percentage
of total net sales | 7 | % | 6 | % | 6 | % | 5 | % | |||||||
Selling, general and administrative | $ | 4,458 | $ | 4,150 | $ | 9,241 | $ | 8,381 | |||||||
Percentage
of total net sales | 8 | % | 7 | % | 6 | % | 6 | % | |||||||
Total operating expenses | $ | 8,406 | $ | 7,528 | $ | 17,091 | $ | 15,166 | |||||||
Percentage
of total net sales | 14 | % | 12 | % | 12 | % | 10 | % |
Three
Months Ended | Six Months Ended | ||||||||||||||||||||
Change | Change | ||||||||||||||||||||
Interest and dividend income | $ | 1,358 | $ | 1,505 | $ | 2,665 | $ | 2,957 | |||||||||||||
Interest
expense | (1,010 | ) | (792 | ) | (1,900 | ) | (1,526 | ) | |||||||||||||
Other
income/(expense), net | 30 | (439 | ) | 173 | (401 | ) | |||||||||||||||
Total
other income/(expense), net | $ | 378 | $ | 274 | 38 | % | $ | 938 | $ | 1,030 | (9 | )% |
Three Months Ended | Six Months Ended | ||||||||||||||
Provision for income taxes | $ | 2,232 | $ | 2,346 | $ | 6,173 | $ | 9,311 | |||||||
Effective
tax rate | 16.2 | % | 14.5 | % | 16.4 | % | 21.6 | % | |||||||
Statutory federal income tax rate | 21 | % | 24.5 | % | 21 | % | 24.5 | % |
Cash, cash equivalents and marketable securities (1) | $ | 225,411 | $ | 237,100 | |||
Property, plant and equipment, net | $ | 38,746 | $ | 41,304 | |||
Commercial
paper | $ | 11,924 | $ | 11,964 | |||
Total term debt | $ | 100,706 | $ | 102,519 | |||
Working
capital | $ | 29,574 | $ | 15,410 |
Six Months Ended | |||||||
Cash generated by operating activities | $ | 37,845 | $ | 43,423 | |||
Cash generated by investing activities | $ | 19,192 | $ | 15,120 | |||
Cash
used in financing activities | $ | (43,133 | ) | $ | (33,773 | ) |
(1) | As of March 30, 2019 and September 29, 2018,
total cash, cash equivalents and marketable securities included $19.3 billion and $20.3 billion, respectively, that was restricted from general use, related to the State Aid Decision (refer to Note 5, “Income Taxes” in the Notes to Condensed Consolidated Financial Statements in Part I, Item 1 of this Form 10-Q) and other agreements. |
Item 3. | Quantitative and Qualitative Disclosures About Market Risk |
Item 4. | Controls and Procedures |
Item 1. | Legal Proceedings |
Item 1A. | Risk Factors |
Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
Periods | Total Number of Shares Purchased | Average Price Paid
Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1) | ||||||||||
Open
market and privately negotiated purchases | 28,040 | $ | 153.57 | 28,040 | ||||||||||
February 2019 ASR | 55,068 | (2) | (2) | 55,068 | (2) | |||||||||
Open
market and privately negotiated purchases | 25,556 | $ | 171.96 | 25,556 | ||||||||||
Open market and privately negotiated purchases | 18,058 | $ | 182.70 | 18,058 | ||||||||||
Total | 126,722 | $ | 38,734 |
(1) | As
of March 30, 2019, the Company had an authorized program to repurchase up to $100 billion of the Company’s common stock, of which $61.3 billion had been utilized. The remaining $38.7 billion in the table represents the amount available to repurchase shares under the authorized repurchase program as of March 30, 2019. On April 30, 2019, the
Company announced the Board of Directors had increased the share repurchase program authorization from $100 billion to $175 billion. The Company’s share repurchase program does not obligate it to acquire any specific number of shares. Under this program, shares may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act. |
(2) | In February 2019, the Company entered into a new ASR to purchase up to
$12.0 billion of the Company’s common stock. In exchange for up-front payments totaling $12.0 billion, the financial institutions that are party to the arrangement committed to deliver shares to the Company during the ASR’s purchase period, which will end in or before August 2019. The total number of shares ultimately delivered, and therefore the average price paid per share, will be determined at the end of the applicable purchase period based on the volume-weighted average price of the Company’s common stock during that period. |
Item
3. | Defaults Upon Senior Securities |
Item 4. | Mine Safety Disclosures |
Item 5. | Other Information |
Item 6. | Exhibits |
Exhibit Number | Exhibit Description | Form | Exhibit | Filing Date/ Period End Date | ||||
31.1* | ||||||||
31.2* | ||||||||
32.1** | ||||||||
101.SCH* | XBRL Taxonomy Extension Schema Document. | |||||||
101.CAL* | XBRL
Taxonomy Extension Calculation Linkbase Document. | |||||||
101.DEF* | XBRL Taxonomy Extension Definition Linkbase Document. | |||||||
101.LAB* | XBRL
Taxonomy Extension Label Linkbase Document. | |||||||
101.PRE* | XBRL Taxonomy Extension Presentation Linkbase Document. |
* |
** | Furnished herewith. |
Apple Inc. | |||
By: | /s/ Luca Maestri | ||
Senior Vice President, Chief Financial Officer |
This ‘10-Q’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on: | 5/1/19 | |||
4/30/19 | 8-K | |||
4/22/19 | ||||
4/16/19 | ||||
For Period end: | 3/30/19 | |||
3/3/19 | ||||
3/2/19 | ||||
2/3/19 | ||||
2/2/19 | ||||
1/15/19 | ||||
12/30/18 | ||||
12/29/18 | 10-Q | |||
9/29/18 | 10-K | |||
4/11/18 | ||||
4/5/18 | 4 | |||
3/31/18 | 10-Q | |||
1/20/17 | 4 | |||
9/30/16 | ||||
8/30/16 | 4 | |||
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