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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  Six Months Ended  March 26, 2022  March 27, 2021  March 26, 2022  March 27, 2021 Net sales:           Products /dollarsign 77,457   /dollarsign 72,683   /dollarsign 181,886   /dollarsign 168,361     Services  19,821    16,901    39,337    32,662  Total  net  sal es (1)  97,278    89,584    221,223    201,023  Cost of sales:           Products  49,290    46,447    113,599    108,577     Services  5,429    5,058    10,822    10,039  Total  cost  of  sal es  54,719    51,505    124,421    118,616  Gross margin  42,559    38,079    96,802    82,407          Operating expenses:        Research and development  6,387    5,262    12,693    10,425  Selling, general and administrative  6,193    5,314    12,642    10,945  Total  operat i ng expenses  12,580    10,576    25,335    21,370          Operating income  29,979    27,503    71,467    61,037  Other income/(expense), net  160    508    (87)   553  Income before provision for income taxes  30,139    28,011    71,380    61,590  Provision for income taxes  5,129    4,381    11,740    9,205  Net income /dollarsign 25,010   /dollarsign 23,630   /dollarsign 59,640   /dollarsign 52,385          Earnings per share:        Basic /dollarsign 1.54   /dollarsign 1.41   /dollarsign 3.65   /dollarsign 3.11  Diluted /dollarsign 1.52   /dollarsign 1.40   /dollarsign 3.62   /dollarsign 3.08  Shares used in computing earnings per share:        Basic  16,278,802    16,753,476    16,335,263    16,844,298  Diluted  16,403,316    16,929,157    16,461,304    17,021,423          (1) Net sales by reportable segment:        Americas /dollarsign 40,882   /dollarsign 34,306   /dollarsign 92,378   /dollarsign 80,616  Europe  23,287    22,264    53,036    49,570  Greater China  18,343    17,728    44,126    39,041  Japan  7,724    7,742    14,831    16,027  Rest of Asia Pacific  7,042    7,544    16,852    15,769  Total  net  sal es /dollarsign 97,278   /dollarsign 89,584   /dollarsign 221,223   /dollarsign 201,023          (1) Net sales by category:        iPhone /dollarsign 50,570   /dollarsign 47,938   /dollarsign 122,198   /dollarsign 113,535  Mac  10,435    9,102    21,287    17,777  iPad  7,646    7,807    14,894    16,242  Wearables, Home and Accessories  8,806    7,836    23,507    20,807  Services  19,821    16,901    39,337    32,662  Total  net  sal es /dollarsign 97,278   /dollarsign 89,584   /dollarsign 221,223   /dollarsign 201,023  

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Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except number of shares which are reflected in thousands and par value)   March 26, 2022  September 25, 2021 ASSETS: Current assets:    Cash and cash equivalents /dollarsign 28,098   /dollarsign 34,940  Marketable securities  23,413    27,699  Accounts receivable, net  20,815    26,278  Inventories  5,460    6,580  Vendor non-trade receivables  24,585    25,228  Other current assets  15,809    14,111  Total  cur rent  assets  118,180    134,836      Non-current assets:    Marketable securities  141,219    127,877  Property, plant and equipment, net  39,304    39,440  Other non-current assets  51,959    48,849  Total  non-current assets  232,482    216,166  Total  assets /dollarsign 350,662   /dollarsign 351,002      LIABILITIES AND SHAREHOLDERS’ EQUITY: Current liabilities:    Accounts payable /dollarsign 52,682   /dollarsign 54,763  Other current liabilities  50,248    47,493  Deferred revenue  7,920    7,612  Commercial paper  6,999    6,000  Ter m debt  9,659    9,613  Total  cur rent  l i abi l i t i es  127,508    125,481      Non-current liabilities:    Ter m debt  103,323    109,106  Other non-current liabilities  52,432    53,325  Total  non-current liabilities  155,755    162,431  Total  l i abi l i t i es  283,263    287,912      Commitments and contingencies        Shareholders’ equity:    Common stock and additional paid-in capital, /dollarsign0.00001 par value: 50,400,000 shares authorized; 16,207,568 and 16,426,786 shares issued and outstanding, respectively  61,181    57,365  Retained earnings  12,712    5,562  Accumulated other comprehensive income/(loss)  (6,494)   163  Total  sharehol ders’  equi t y  67,399    63,090  Total  l i abi l i t i es and sharehol ders’  equi t y /dollarsign 350,662   /dollarsign 351,002    

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Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions)   Six Months Ended  March 26, 2022  March 27, 2021 Cash, cash equivalents and restricted cash, beginning balances /dollarsign 35,929   /dollarsign 39,789  Operating activities:    Net income  59,640    52,385  Adjustments to reconcile net income to cash generated by operating activities:    Depreciation and amortization  5,434    5,463  Share-based compensation expense  4,517    4,001  Deferred income tax expense/(benefit)  1,088    (207) Other  (20)   (474) Changes in operating assets and liabilities:    Accounts receivable, net  5,542    (2,347) Inventories  1,065    (1,226) Vendor non-trade receivables  643    6,792  Other current and non-current assets  (3,542)   (4,333) Accounts payable  (1,750)   (1,997) Deferred revenue  627    1,642  Other current and non-current liabilities  1,888    3,045  Cash generated by operating activities  75,132    62,744  Investing activities:    Purchases of marketable securities  (61,987)   (74,424) Proceeds from maturities of marketable securities  18,000    39,605  Proceeds from sales of marketable securities  24,668    21,645  Payments for acquisition of property, plant and equipment  (5,317)   (5,769) Payments made in connection with business acquisitions, net  (167)   (9) Other  (568)   —  Cash used in investing activities  (25,371)   (18,952) Financing activities:    Payments for taxes related to net share settlement of equity awards  (3,218)   (3,160) Payments for dividends and dividend equivalents  (7,327)   (7,060) Repurchases of common stock  (43,109)   (43,323) Proceeds from issuance of term debt, net  —    13,923  Repayments of term debt  (3,750)   (4,500) Proceeds from commercial paper, net  999    22  Other  (105)   523  Cash used in financing activities  (56,510)   (43,575) Increase/(Decrease) in cash, cash equivalents and restricted cash  (6,749)   217  Cash, cash equivalents and restricted cash, ending balances /dollarsign 29,180   /dollarsign 40,006  Supplemental cash flow disclosure:    Cash paid for income taxes, net /dollarsign 9,301   /dollarsign 10,276  Cash paid for interest /dollarsign 1,406   /dollarsign 1,327   
  