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AAPL

Apple Inc.Technology
10-K for period ending 2025-09-27filed 2025-10-31accession 0000320193-25-000079filing on sec.gov ↗

answer key

fieldSEC valueXBRL conceptprinted on
Total revenue$416.2BRevenueFromContractWithCustomerExcludingAssessedTaxTotal net sales
Operating income$133.1BOperatingIncomeLossOperating income
Net income attributable to the company$112.0BNetIncomeLossNet income
Diluted EPS$7.46EarningsPerShareDilutedDiluted
Cash and cash equivalents$35.9BCashAndCashEquivalentsAtCarryingValueCash and cash equivalents
Total assets$359.2BAssetsTotal assets · Total liabilities and shareholders’ equity
Total liabilities$285.5BLiabilitiesTotal liabilities
Total shareholders' equity attributable to the company$73.7BStockholdersEquityTotal shareholders’ equity
Net cash from operating activities$111.5BNetCashProvidedByUsedInOperatingActivitiesCash generated by operating activities
Net cash from investing activities$15.2BNetCashProvidedByUsedInInvestingActivitiesCash generated by investing activities
Net cash from financing activities-$120.7BNetCashProvidedByUsedInFinancingActivitiesCash used in financing activities

Income statement

table #14 · score 49.8 vs 24.3 runner-up · in millions
Years ended
September 27,2025September 28,2024September 30,2023
Net sales:
Products307,003294,866298,085
Services109,15896,16985,200
Total net sales416,161391,035383,285
Cost of sales:
Products194,116185,233189,282
Services26,84425,11924,855
Total cost of sales220,960210,352214,137
Gross margin195,201180,683169,148
Operating expenses:
Research and development34,55031,37029,915
Selling, general and administrative27,60126,09724,932
Total operating expenses62,15157,46754,847
Operating income133,050123,216114,301
Other income/(expense), net(321)269(565)
Income before provision for income taxes132,729123,485113,736
Provision for income taxes20,71929,74916,741
Net income112,01093,73696,995
Earnings per share:
Basic7.496.116.16
Diluted7.466.086.13
Shares used in computing earnings per share:
Basic14,948,50015,343,78315,744,231
Diluted15,004,69715,408,09515,812,547

Balance sheet

table #16 · score 51.8 vs 14.3 runner-up · in millions
September 27,2025September 28,2024
ASSETS:
Current assets:
Cash and cash equivalents35,93429,943
Marketable securities18,76335,228
Accounts receivable, net39,77733,410
Vendor non-trade receivables33,18032,833
Inventories5,7187,286
Other current assets14,58514,287
Total current assets147,957152,987
Non-current assets:
Marketable securities77,72391,479
Property, plant and equipment, net49,83445,680
Other non-current assets83,72774,834
Total non-current assets211,284211,993
Total assets359,241364,980
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current liabilities:
Accounts payable69,86068,960
Other current liabilities66,38778,304
Deferred revenue9,0558,249
Commercial paper7,9799,967
Term debt12,35010,912
Total current liabilities165,631176,392
Non-current liabilities:
Term debt78,32885,750
Other non-current liabilities41,54945,888
Total non-current liabilities119,877131,638
Total liabilities285,508308,030
Commitments and contingencies
Shareholders’ equity:
Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 14,773,260 and 15,116,786 shares issued and outstanding, respectively93,56883,276
Accumulated deficit(14,264)(19,154)
Accumulated other comprehensive loss(5,571)(7,172)
Total shareholders’ equity73,73356,950
Total liabilities and shareholders’ equity359,241364,980

Cash flow statement

table #18 · score 52.3 vs 6.8 runner-up · in millions
Years ended
September 27,2025September 28,2024September 30,2023
Cash, cash equivalents, and restricted cash and cash equivalents, beginning balances29,94330,73724,977
Operating activities:
Net income112,01093,73696,995
Adjustments to reconcile net income to cash generated by operating activities:
Depreciation and amortization11,69811,44511,519
Share-based compensation expense12,86311,68810,833
Other(89)(2,266)(2,227)
Changes in operating assets and liabilities:
Accounts receivable, net(6,682)(3,788)(1,688)
Vendor non-trade receivables(347)(1,356)1,271
Inventories1,400(1,046)(1,618)
Other current and non-current assets(9,197)(11,731)(5,684)
Accounts payable9026,020(1,889)
Other current and non-current liabilities(11,076)15,5523,031
Cash generated by operating activities111,482118,254110,543
Investing activities:
Purchases of marketable securities(24,407)(48,656)(29,513)
Proceeds from maturities of marketable securities40,90751,21139,686
Proceeds from sales of marketable securities12,89011,1355,828
Payments for acquisition of property, plant and equipment(12,715)(9,447)(10,959)
Other(1,480)(1,308)(1,337)
Cash generated by investing activities15,1952,9353,705
Financing activities:
Payments for taxes related to net share settlement of equity awards(5,960)(5,441)(5,431)
Payments for dividends and dividend equivalents(15,421)(15,234)(15,025)
Repurchases of common stock(90,711)(94,949)(77,550)
Proceeds from issuance of term debt, net4,481-5,228
Repayments of term debt(10,932)(9,958)(11,151)
Proceeds from/(Repayments of) commercial paper, net(2,032)3,960(3,978)
Other(111)(361)(581)
Cash used in financing activities(120,686)(121,983)(108,488)
Increase/(Decrease) in cash, cash equivalents, and restricted cash and cash equivalents5,991(794)5,760
Cash, cash equivalents, and restricted cash and cash equivalents, ending balances35,93429,94330,737
Supplemental cash flow disclosure:
Cash paid for income taxes, net43,36926,10218,679