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Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions) Cash, cash equivalents and restricted cash, beginning balances Operating activities: Net income Twelve Months Ended September 30, September 24, 2022 2023 $ 24,977 $ 35,929 96,995 99,803 Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization Share-based compensation expense Other 11,519 11,104 10,833 9,038 (2,227) 1,006 Changes in operating assets and liabilities: Accounts receivable, net Vendor non-trade receivables Inventories (1,688) (1,823) 1,271 (7,520) (1,618) 1,484 Other current and non-current assets (5,684) (6,499) Accounts payable (1,889) 9,448 Other current and non-current liabilities 3,031 6,110 Cash generated by operating activities 110,543 122,151 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 Other (29,513) (76,923) 39,686 29,917 5,828 37,446 (10,959) (10,708) (1,337) (2,086) 3,705 (22,354) Cash generated by/(used in) investing activities Financing activities: Payments for taxes related to net share settlement of equity awards (5,431) (6,223) Payments for dividends and dividend equivalents (15,025) (14,841) Repurchases of common stock (77,550) (89,402) Proceeds from issuance of term debt, net 5,228 5,465 Repayments of term debt (11,151) (9,543) Proceeds from/(Repayments of) commercial paper, net (3,978) 3,955 Other Cash used in financing activities Increase/(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 (581) (108,488) (160) (110,749) 5,760 (10,952) 30,737 $ 24,977 $ 18,679 $ 19,573 $ 3,803 $ 2,865

Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions) Cash, cash equivalents and restricted cash, beginning balances Operating activities: Net income Twelve Months Ended September 30, September 24, 2022 2023 $ 24,977 $ 35,929 96,995 99,803 Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization Share-based compensation expense Other 11,519 11,104 10,833 9,038 (2,227) 1,006 Changes in operating assets and liabilities: Accounts receivable, net Vendor non-trade receivables Inventories (1,688) (1,823) 1,271 (7,520) (1,618) 1,484 Other current and non-current assets (5,684) (6,499) Accounts payable (1,889) 9,448 Other current and non-current liabilities 3,031 6,110 Cash generated by operating activities 110,543 122,151 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 Other (29,513) (76,923) 39,686 29,917 5,828 37,446 (10,959) (10,708) (1,337) (2,086) 3,705 (22,354) Cash generated by/(used in) investing activities Financing activities: Payments for taxes related to net share settlement of equity awards (5,431) (6,223) Payments for dividends and dividend equivalents (15,025) (14,841) Repurchases of common stock (77,550) (89,402) Proceeds from issuance of term debt, net 5,228 5,465 Repayments of term debt (11,151) (9,543) Proceeds from/(Repayments of) commercial paper, net (3,978) 3,955 Other Cash used in financing activities Increase/(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 (581) (108,488) (160) (110,749) 5,760 (10,952) 30,737 $ 24,977 $ 18,679 $ 19,573 $ 3,803 $ 2,865

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.2AP
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Use the cash flow statement of Apple inc company to develop a cash budget for three months which is October, November and December.  Assume and shows all your calculations or it going to decrease or increase with what percentages.

Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions) Cash, cash equivalents and restricted cash, beginning balances Operating activities: Net income Twelve Months Ended September 30, September 24, 2022 2023 $ 24,977 $ 35,929 96,995 99,803 Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization Share-based compensation expense Other 11,519 11,104 10,833 9,038 (2,227) 1,006 Changes in operating assets and liabilities: Accounts receivable, net Vendor non-trade receivables Inventories (1,688) (1,823) 1,271 (7,520) (1,618) 1,484 Other current and non-current assets (5,684) (6,499) Accounts payable (1,889) 9,448 Other current and non-current liabilities 3,031 6,110 Cash generated by operating activities 110,543 122,151 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 Other (29,513) (76,923) 39,686 29,917 5,828 37,446 (10,959) (10,708) (1,337) (2,086) 3,705 (22,354) Cash generated by/(used in) investing activities Financing activities: Payments for taxes related to net share settlement of equity awards (5,431) (6,223) Payments for dividends and dividend equivalents (15,025) (14,841) Repurchases of common stock (77,550) (89,402) Proceeds from issuance of term debt, net 5,228 5,465 Repayments of term debt (11,151) (9,543) Proceeds from/(Repayments of) commercial paper, net (3,978) 3,955 Other Cash used in financing activities Increase/(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 (581) (108,488) (160) (110,749) 5,760 (10,952) 30,737 $ 24,977 $ 18,679 $ 19,573 $ 3,803 $ 2,865
Transcribed Image Text:Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions) Cash, cash equivalents and restricted cash, beginning balances Operating activities: Net income Twelve Months Ended September 30, September 24, 2022 2023 $ 24,977 $ 35,929 96,995 99,803 Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization Share-based compensation expense Other 11,519 11,104 10,833 9,038 (2,227) 1,006 Changes in operating assets and liabilities: Accounts receivable, net Vendor non-trade receivables Inventories (1,688) (1,823) 1,271 (7,520) (1,618) 1,484 Other current and non-current assets (5,684) (6,499) Accounts payable (1,889) 9,448 Other current and non-current liabilities 3,031 6,110 Cash generated by operating activities 110,543 122,151 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 Other (29,513) (76,923) 39,686 29,917 5,828 37,446 (10,959) (10,708) (1,337) (2,086) 3,705 (22,354) Cash generated by/(used in) investing activities Financing activities: Payments for taxes related to net share settlement of equity awards (5,431) (6,223) Payments for dividends and dividend equivalents (15,025) (14,841) Repurchases of common stock (77,550) (89,402) Proceeds from issuance of term debt, net 5,228 5,465 Repayments of term debt (11,151) (9,543) Proceeds from/(Repayments of) commercial paper, net (3,978) 3,955 Other Cash used in financing activities Increase/(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 (581) (108,488) (160) (110,749) 5,760 (10,952) 30,737 $ 24,977 $ 18,679 $ 19,573 $ 3,803 $ 2,865
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