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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  December 31, 2022  December 25, 2021 Net sales:       Products /dollarsign 96,388   /dollarsign 104,429     Services  20,766    19,516  Total  net  sal es (1)  117,154    123,945  Cost of sales:       Products  60,765    64,309     Services  6,057    5,393  Total  cost  of  sal es  66,822    69,702  Gross margin  50,332    54,243      Operating expenses:    Research and development  7,709    6,306  Selling, general and administrative  6,607    6,449  Total  operat i ng expenses  14,316    12,755      Operating income  36,016    41,488  Other income/(expense), net  (393)   (247) Income before provision for income taxes  35,623    41,241  Provision for income taxes  5,625    6,611  Net income /dollarsign 29,998   /dollarsign 34,630      Earnings per share:    Basic /dollarsign 1.89   /dollarsign 2.11  Diluted /dollarsign 1.88   /dollarsign 2.10  Shares used in computing earnings per share:    Basic  15,892,723    16,391,724  Diluted  15,955,718    16,519,291      (1) Net sales by reportable segment:    Americas /dollarsign 49,278   /dollarsign 51,496  Europe  27,681    29,749  Greater China  23,905    25,783  Japan  6,755    7,107  Rest of Asia Pacific  9,535    9,810  Total  net  sal es /dollarsign 117,154   /dollarsign 123,945      (1) Net sales by category:    iPhone /dollarsign 65,775   /dollarsign 71,628  Mac  7,735    10,852  iPad  9,396    7,248  Wearables, Home and Accessories  13,482    14,701  Services  20,766    19,516  Total  net  sal es /dollarsign 117,154   /dollarsign 123,945  

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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)   December 31, 2022  September 24, 2022 ASSETS: Current assets:    Cash and cash equivalents /dollarsign 20,535   /dollarsign 23,646  Marketable securities  30,820    24,658  Accounts receivable, net  23,752    28,184  Inventories  6,820    4,946  Vendor non-trade receivables  30,428    32,748  Other current assets  16,422    21,223  Total  cur rent  assets  128,777    135,405      Non-current assets:    Marketable securities  114,095    120,805  Property, plant and equipment, net  42,951    42,117  Other non-current assets  60,924    54,428  Total  non-current assets  217,970    217,350  Total  assets /dollarsign 346,747   /dollarsign 352,755      LIABILITIES AND SHAREHOLDERS’ EQUITY: Current liabilities:    Accounts payable /dollarsign 57,918   /dollarsign 64,115  Other current liabilities  59,893    60,845  Deferred revenue  7,992    7,912  Commercial paper  1,743    9,982  Ter m debt  9,740    11,128  Total  cur rent  l i abi l i t i es  137,286    153,982      Non-current liabilities:    Ter m debt  99,627    98,959  Other non-current liabilities  53,107    49,142  Total  non-current liabilities  152,734    148,101  Total  l i abi l i t i es  290,020    302,083      Commitments and contingencies        Shareholders’ equity:    Common stock and additional paid-in capital, /dollarsign0.00001 par value: 50,400,000 shares authorized; 15,842,407 and 15,943,425 shares issued and outstanding, respectively  66,399    64,849  Retained earnings/(Accumulated deficit)  3,240    (3,068) Accumulated other comprehensive income/(loss)  (12,912)   (11,109) Total  sharehol ders’  equi t y  56,727    50,672  Total  l i abi l i t i es and sharehol ders’  equi t y /dollarsign 346,747   /dollarsign 352,755  

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Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions)   Three Months Ended  December 31, 2022  December 25, 2021 Cash, cash equivalents and restricted cash, beginning balances /dollarsign 24,977  /dollarsign 35,929 Operating activities:    Net income 29,998  34,630 Adjustments to reconcile net income to cash generated by operating activities:    Depreciation and amortization 2,916  2,697 Share-based compensation expense 2,905  2,265 Other (317)  849 Changes in operating assets and liabilities:    Accounts receivable, net 4,275  (3,934) Inventories (1,807)  681 Vendor non-trade receivables 2,320  (9,812) Other current and non-current assets (4,099)  (4,921) Accounts payable (6,075)  19,813 Deferred revenue 131  462 Other current and non-current liabilities 3,758  4,236 Cash generated by operating activities 34,005  46,966 Investing activities:    Purchases of marketable securities (5,153)  (34,913) Proceeds from maturities of marketable securities 7,127  11,309 Proceeds from sales of marketable securities 509  10,675 Payments for acquisition of property, plant and equipment (3,787)  (2,803) Other (141)  (374) Cash used in investing activities (1,445)  (16,106) Financing activities:    Payments for taxes related to net share settlement of equity awards (2,316)  (2,888) Payments for dividends and dividend equivalents (3,768)  (3,732) Repurchases of common stock (19,475)  (20,478) Repayments of term debt (1,401)  — Repayments of commercial paper, net (8,214)  (1,000) Other (389)  (61) Cash used in financing activities (35,563)  (28,159) Increase/(Decrease) in cash, cash equivalents and restricted cash (3,003)  2,701 Cash, cash equivalents and restricted cash, ending balances /dollarsign 21,974  /dollarsign 38,630 Supplemental cash flow disclosure:    Cash paid for income taxes, net /dollarsign 828  /dollarsign 5,235 Cash paid for interest /dollarsign 703  /dollarsign 531  