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tal shareholders' equity, beginning balances mmon stock and additional paid-in capital: $ September 25, 2021 65,339 $ Years ended September 26, 2020 90,488 $ Sept

tal shareholders' equity, beginning balances mmon stock and additional paid-in capital: $ September 25, 2021 65,339 $ Years ended September 26, 2020 90,488 $ Sept

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Make an analysis of the Consolidated Statements of operations. Are the sales increasing or decreasing? Is the net income increasing or decreasing? Are the basic Earnings Per Share increasing or decreasing? (Also connect with the Consolidated Statements of Shareholders’ Equity). Consider the reasonableness of your answer.

Total shareholders' equity, beginning balances Common stock and additional paid-in capital: Beginning balances Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except per share amounts) Common stock issued Common stock withheld related to net share settlement of equity awards Share-based compensation Ending balances Retained earnings: Beginning balances Net income Dividends and dividend equivalents declared Common stock withheld related to net share settlement of equity awards Common stock repurchased Cumulative effects of changes in accounting principles Ending balances Accumulated other comprehensive income/(loss): Beginning balances Other comprehensive income/(loss) Cumulative effects of changes in accounting principles Ending balances Total shareholders' equity, ending balances Dividends and dividend equivalents declared per share or RSU $ $ 60 September 25, 2021 65,339 50,779 1,105 (2,627) 8,108 57,365 14,966 94,680 (14,431) (4,151) (85,502) 5,562 (406) 569 163 $ 63,090 $ 0.85 $ Years ended September 26, 2020 90,488 45,174 880 (2,250) 6,975 50,779 45,898 57,411 (14,087) (1,604) (72,516) (136) 14,966 (584) 42 136 (406) $ 65,339 $ 0.795 $ September 28, 2019 107,147 40,201 781 (2,002) 6,194 45,174 70,400 55,256 (14,129) (1,029) (67,101) 2,501 45,898 (3,454) 2,781 89 (584) 90,488 0.75
Transcribed Image Text:Total shareholders' equity, beginning balances Common stock and additional paid-in capital: Beginning balances Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except per share amounts) Common stock issued Common stock withheld related to net share settlement of equity awards Share-based compensation Ending balances Retained earnings: Beginning balances Net income Dividends and dividend equivalents declared Common stock withheld related to net share settlement of equity awards Common stock repurchased Cumulative effects of changes in accounting principles Ending balances Accumulated other comprehensive income/(loss): Beginning balances Other comprehensive income/(loss) Cumulative effects of changes in accounting principles Ending balances Total shareholders' equity, ending balances Dividends and dividend equivalents declared per share or RSU $ $ 60 September 25, 2021 65,339 50,779 1,105 (2,627) 8,108 57,365 14,966 94,680 (14,431) (4,151) (85,502) 5,562 (406) 569 163 $ 63,090 $ 0.85 $ Years ended September 26, 2020 90,488 45,174 880 (2,250) 6,975 50,779 45,898 57,411 (14,087) (1,604) (72,516) (136) 14,966 (584) 42 136 (406) $ 65,339 $ 0.795 $ September 28, 2019 107,147 40,201 781 (2,002) 6,194 45,174 70,400 55,256 (14,129) (1,029) (67,101) 2,501 45,898 (3,454) 2,781 89 (584) 90,488 0.75
Net sales: Products Services Total net sales Cost of sales: Products Services Total cost of sales Gross margin Operating expenses: Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Research and development Selling, general and administrative Total operating expenses Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income Earnings per share: Basic Diluted Shares used in computing earnings per share: Basic Diluted $ $ $ $ September 25, 2021 297,392 68,425 365,817 192,266 20,715 212,981 152,836 21,914 21,973 43,887 $ 108,949 258 109,207 14,527 94,680 $ 5.67 $ 5.61 $ 16,701,272 16,864,919 Years ended September 26, 2020 220,747 $ 53,768 274,515 151,286 18,273 169,559 104,956 18,752 19,916 38,668 66,288 803 67,091 9,680 57,411 $ 3.31 $ 3.28 $ 17,352,119 17,528,214 September 28, 2019 213,883 46,291 260,174 144,996 16,786 161,782 98,392 16,217 18,245 34,462 63,930 1,807 65,737 10,481 55,256 2.99 2.97 18,471,336 18,595,651
Transcribed Image Text:Net sales: Products Services Total net sales Cost of sales: Products Services Total cost of sales Gross margin Operating expenses: Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Research and development Selling, general and administrative Total operating expenses Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income Earnings per share: Basic Diluted Shares used in computing earnings per share: Basic Diluted $ $ $ $ September 25, 2021 297,392 68,425 365,817 192,266 20,715 212,981 152,836 21,914 21,973 43,887 $ 108,949 258 109,207 14,527 94,680 $ 5.67 $ 5.61 $ 16,701,272 16,864,919 Years ended September 26, 2020 220,747 $ 53,768 274,515 151,286 18,273 169,559 104,956 18,752 19,916 38,668 66,288 803 67,091 9,680 57,411 $ 3.31 $ 3.28 $ 17,352,119 17,528,214 September 28, 2019 213,883 46,291 260,174 144,996 16,786 161,782 98,392 16,217 18,245 34,462 63,930 1,807 65,737 10,481 55,256 2.99 2.97 18,471,336 18,595,651
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