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Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 28, 2019 September 20, 2018 ASSETS: $ Current assets: Cash and cash equivalents Markotable secunties Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets 48,844 $ 51713 22,926 4,106 22,878 12352 162,819 25.913 40,388 23,186 3,956 25,809 12,087 131339 Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets 105,341 37 378 32,978 175,697 $|||||338,516 S 170,799 41,304 22,283 234,386 365,725 LIABILITIES AND SHAREHOLDERS' EQUITY: $ Current liabides Accounts payable Other current liabilities Deferred revenue Commercial paper Temm debt Total current abilities 46.236 $ 37.720 5.522 5.980 10,200 105,718 55,888 33,327 5,966 11,964 8.784 115.929 Non-current liabilities: Temm debt Other non-current liabilities Total non-current liabilities Total liabilities 91 807 50.503 142.310 248,028 93,735 48,914 142.649 258,578 Commitments and contingencios Shareholders equity: Common stock and additional paid-in capital, 80.00001 par value. 12,000,000 shares authorized: 4 443,236 and 4754,986 shares issued and outstanding, respectively Retained oamings Accumulated other comprehensive income foss) Total shareholders' equilty Total liabilities and shareholders equity 45,174 45,898 (584) 90.488 338,5165 40.201 70.400 (3.454) 107,147 365,725 See accompanying Notes to Consolidated Financial Statements TIT 11. Apple Inc CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) 1852) 25 Year ended September 28, September 20 September 2010 2010 2017 Cash, cash equivalents and restricted cash beginning balances $ 25.913 $ 20,289 $ 20.454 Operating activities Net Income 55.255 59.531 18.381 Adjustments to reconcle net income to cash generated by operating activities Depreciation and amortization 12547 10.903 10,157 Share-based compensation expense 6. DGB 5.340 4,840 Deferred income tax expense benefit) (340) (32 590 5.956 Other (444) (166 Changes in operating assets and abilities: Accounts receivable net 15.322) (2,093) Inventories (289) 28 2,723 Vendor non-trade receivables 2,831 8,010) (4254) Other current and non-current assets 873 (128) 15318 Accounts payable (1.823) 9,175 8.366 Deferred revenue 695) 13 (593 Other Ourrent and non-curred liabilities (4.700 38,449 1.092 Cash generated by operating activities 69,391 77.434 64 225 Investing activities Purchases of marketable Securities 39.630) (71,356) (159.486) Proceeds from maturities of marketable securities 40.102 55,881 31.775 Proceeds from sales of marketable securities 56.988 4738 94564 Payments for acquisition of property, plant and equipment (10,495) (13.313) Payments made in connection with business tions.net (12.451) 1624 721) Purchases of non-markable securities (1.001) (1871) 5211 Proceeds from non-markable securities 1634 353 120 Other (1.076) (745) (126 Cash generated by used in) investing activities 45,896 16.066 Financing activities Proceeds from issuince of common stock 781 889 566 Payments for taxes med tonet share settlement of equity awards (2817) 12.5271 (8.874 Payments for dividends and dividend equivalents (14,115) (13,712 (12,759 Repurchases of common stock 66.07 (72.738) 32.900 Proceeds from issuance of term debt.net 6.963 6.969 28.662 Repayments of tarm debt (8.805 16 500) 500 Proceeds from Repayment of commercial paper.net 15,977 37) Omer (105) Cash used in financing activities 190.976) 087.875) (17910 Increase/Decrease in cash, cash equivalents and restricted cash 24311 5.624 (1351 Cash, cash equivalents and restricted cash, ending balances $ 50,2265 25.913 S Supplemental cash fow diacou Cash paid for income taxes, nel $ 15.263 5 10,417 S 11.501 Cash paid for interest S 3.423 5 310025 2.OR See accompanying Notes to consolidated Financial Statements Apple Inc. 2019 Form 10-K 133 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Yeas ended September 28 September 29, September 30, 2019 2010 2017 Net income 5 552363 59.531 $ 48,351 Other comprehensive incomo(loan): Change in foreign currency translation, net of tax (408) (125) 224 Change in unreakzed painosses on derivative Instruments, net of tax Change in fair value of derivatives (661) 523 1315 Adjustment for not (guinslosses realized and included in net Income 382 (1,477) Total change in unrealized gains fosses on derivativo instruments (162) 23 3.802 (3.407) (782) Change in unrealized gains losses on marketable securities, net of tax Change in fair value of marketable securities Adjustment for net (gains losses realized and included in net income Total change in unrealized gainslosses on marketable securities 25 1 (64) 3.827 (3.406) (846) Total other comprehensive incomo/(los) Total comprehensive income 2,781 58,037 S 13,026) 56.505 $ (784) 47,567 See accompanying Notes to Consolidated Financial Statements ENTE 2018 2017 14,407 45.863 110,00 03.011 32.700 6.571 15,420 15175 ITEM B. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA INCOME STATEMENTS wins, hem Year Ended, 2010 Reven Product Service and other 66,0805 59.774 Total revenue 125.843 Cost of revenue Product 16.273 Service and other 2637 Total cost of revenue 42,910 Gross margin 12,933 Research and development 16,876 Sales and marketing 18.213 General and administrative 4,385 Restructuring Operating income 42,950 729 Other income.net 43.688 Income before income taxes 4.440 Provision for income taxes Not income 39.2405 Eamings por share 5.11 $ Basic 5.06 Duted Weighted average shares outstanding 7.673 Basic 7.753 Diluted 3,393 72.007 14,720 17,400 4,754 4.251 62.310 13.037 15.461 4.481 336 29.025 876 29.001 4,412 35,058 1410 35,474 19,903 16,571 $ 25.480 2.15$ 2.13 $ 329 325 7.700 7,794 7.746 7,832 Refer to accompanying notes PART 1 COMPREHENSIVE INCOME STATEMENTS An millions) Year Ended June 30, Net Income 2018 2019 39,240 2017 25.489 $ $ 16.571 $ Other comprehensive income (loss), net of tax Net change related to derivatives Net change related to investments Translation adjustments and other Other comprehensive income (loss) Comprehensive income (173) 2,405 (318) 1,914 (218) (1 116) 187 39 (2.717) (178) (2,856) 13.715 (1,167) 24,322 $ 41,154 $ 5 Refer to accompanying notes. Refer to Note 18 - Accumulated Other Comprehensive Income (Loss) for further information 52 PARTI BALANCE SHEETS 2019 2018 $ 11,356 $ 11,946 122,463 121,822 133,819 133,768 29,524 26,481 2,063 2,662 10,146 6,751 175,562 169,662 36,477 29,450 7,379 6.686 2,649 1,862 42,026 35,683 7,750 8,053 14.723 7.442 $ 286,556 $ 258,848 in milions) June 30, Assets Current assets Cash and cash equivalents Short-term investments Total cash, cash equivalents, and short-term investments Accounts receivable, net of allowance for doubtful accounts of 5411 and $377 Inventories Other Total current assets Property and equipment, net of accumulated depreciation of $35,330 and $29.223 Operating lease right-of-uso assets Equity investments Goodwill Intangible assets, net Other long term assets Total assets Liabilities and stockholders' equity Current liabilities: Accounts payable Current portion of long-term debt Accrued compensation Short-term income taxes Short-term uneamed revenue Other Total current liabilities Long-term debt Long-term income taxes Long-term unearned revenue Deferred income taxes Operating loaseliabilities Other long-term liabilities Total liabilities Commitments and contingencies Stockholders' equity Common stock and paid in capital --shares authorized 24,000 outstanding 7,643 and 7,677 Accumulated other comprehensive loss Total stockholders' equity Total abilities and stockholders' equity 9,382 S 8,617 5,516 3,998 6,830 6,103 5,665 2121 32,676 28.905 9,351 8,744 69.420 58,488 66,662 72.242 29,612 30.265 4,530 3.815 233 541 6,188 5,568 7.581 5.211 184.226 176,130 78,520 71.223 24,150 13.682 (340) (2.187) 102,330 82,718 $ 286,556 $ 258,848 Refer to accompanying notes 53 The first three pictures are Apple financial statement of year 2018 and 2019 and the second one is for the Microsoft Your preferred company. 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