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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  April 1, 2023  March 26, 2022  April 1, 2023  March 26, 2022 Net sales:           Products /dollarsign 73,929   /dollarsign 77,457   /dollarsign 170,317   /dollarsign 181,886     Services  20,907    19,821    41,673    39,337  Total  net  sal es (1)  94,836    97,278    211,990    221,223  Cost of sales:           Products  46,795    49,290    107,560    113,599     Services  6,065    5,429    12,122    10,822  Total  cost  of  sal es  52,860    54,719    119,682    124,421  Gross margin  41,976    42,559    92,308    96,802          Operating expenses:        Research and development  7,457    6,387    15,166    12,693  Selling, general and administrative  6,201    6,193    12,808    12,642  Total  operat i ng expenses  13,658    12,580    27,974    25,335          Operating income  28,318    29,979    64,334    71,467  Other income/(expense), net  64    160    (329)  (87) Income before provision for income taxes  28,382    30,139    64,005    71,380  Provision for income taxes  4,222    5,129    9,847     11,740  Net income /dollarsign 24,160   /dollarsign 25,010   /dollarsign 54,158   /dollarsign 59,640          Earnings per share:        Basic /dollarsign 1.53   /dollarsign 1.54   /dollarsign 3.42   /dollarsign 3.65  Diluted /dollarsign 1.52   /dollarsign 1.52   /dollarsign 3.41   /dollarsign 3.62  Shares used in computing earnings per share:        Basic  15,787,154    16,278,802    15,839,939    16,335,263  Diluted  15,847,050    16,403,316    15,901,384    16,461,304          (1) Net sales by reportable segment:        Americas /dollarsign  37,784   /dollarsign 40,882   /dollarsign 87,062   /dollarsign 92,378  Europe  23,945    23,287    51,626    53,036  Greater China    17,812    18,343     41,717    44,126  Japan   7,176    7,724    13,931    14,831  Rest of Asia Pacific   8,119    7,042    17,654    16,852  Total  net  sal es /dollarsign 94,836   /dollarsign 97,278   /dollarsign 211,990   /dollarsign 221,223          (1) Net sales by category:        iPhone /dollarsign 51,334   /dollarsign 50,570   /dollarsign 117,109   /dollarsign 122,198  Mac   7,168    10,435    14,903    21,287  iPad  6,670    7,646    16,066    14,894  Wearables, Home and Accessories  8,757    8,806    22,239    23,507  Services  20,907    19,821    41,673    39,337  Total  net  sal es /dollarsign 94,836   /dollarsign 97,278   /dollarsign 211,990   /dollarsign 221,223   

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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)   April 1, 2023  September 24, 2022 ASSETS: Current assets:    Cash and cash equivalents /dollarsign 24,687   /dollarsign 23,646  Marketable securities  31,185    24,658  Accounts receivable, net  17,936    28,184  Inventories  7,482    4,946  Vendor non-trade receivables  17,963    32,748  Other current assets  13,660    21,223  Total  cur rent  assets  112,913    135,405      Non-current assets:    Marketable securities  110,461    120,805  Property, plant and equipment, net  43,398    42,117  Other non-current assets  65,388    54,428  Total  non-current assets  219,247    217,350  Total  assets /dollarsign 332,160   /dollarsign 352,755      LIABILITIES AND SHAREHOLDERS’ EQUITY: Current liabilities:    Accounts payable /dollarsign 42,945   /dollarsign 64,115  Other current liabilities  56,425    60,845  Deferred revenue  8,131    7,912  Commercial paper  1,996    9,982  Ter m debt  10,578    11,128  Total  cur rent  l i abi l i t i es  120,075    153,982      Non-current liabilities:    Ter m debt  97,041    98,959  Other non-current liabilities  52,886    49,142  Total  non-current liabilities  149,927    148,101  Total  l i abi l i t i es  270,002    302,083      Commitments and contingencies        Shareholders’ equity:    Common stock and additional paid-in capital, /dollarsign0.00001 par value: 50,400,000 shares authorized; 15,723,406 and 15,943,425 shares issued and outstanding, respectively  69,568    64,849  Retained earnings/(Accumulated deficit)  4,336    (3,068) Accumulated other comprehensive income/(loss)  (11,746)   (11,109) Total  sharehol ders’  equi t y  62,158    50,672  Total  l i abi l i t i es and sharehol ders’  equi t y /dollarsign 332,160   /dollarsign 352,755   

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Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions)   Six Months Ended  April 1, 2023  March 26, 2022 Cash, cash equivalents and restricted cash, beginning balances /dollarsign 24,977   /dollarsign 35,929      Operating activities:    Net income  54,158    59,640  Adjustments to reconcile net income to cash generated by operating activities:    Depreciation and amortization  5,814    5,434  Share-based compensation expense  5,591    4,517  Other  (1,732)   1,068  Changes in operating assets and liabilities:    Accounts receivable, net  9,596    5,542  Inventories  (2,548)   1,065  Vendor non-trade receivables  14,785    643  Other current and non-current assets  (4,092)   (3,542) Accounts payable  (20,764)   (1,750) Other current and non-current liabilities  1,757    2,515  Cash generated by operating activities  62,565    75,132      Investing activities:    Purchases of marketable securities  (11,197)   (61,987) Proceeds from maturities of marketable securities  17,124    18,000  Proceeds from sales of marketable securities  1,897    24,668  Payments for acquisition of property, plant and equipment  (6,703)   (5,317) Other  (247)   (735) Cash generated by/(used in) investing activities  874    (25,371)     Financing activities:    Payments for taxes related to net share settlement of equity awards  (2,734)   (3,218) Payments for dividends and dividend equivalents  (7,418)   (7,327) Repurchases of common stock  (39,069)   (43,109) Repayments of term debt  (3,651)   (3,750) Proceeds from/(Repayments of) commercial paper, net  (7,960)   999  Other  (455)   (105) Cash used in financing activities  (61,287)   (56,510)     Increase/(Decrease) in cash, cash equivalents and restricted cash  2,152    (6,749) Cash, cash equivalents and restricted cash, ending balances /dollarsign 27,129   /dollarsign 29,180      Supplemental cash flow disclosure:    Cash paid for income taxes, net /dollarsign 4,894   /dollarsign 9,301  Cash paid for interest /dollarsign 1,873   /dollarsign 1,406   