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Apple Inc (AAPL) SEC Filing 10-K Annual report for the fiscal year ending Saturday, September 30, 2017

Apple Inc

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CIK: 320193 Ticker: AAPL


Exhibit 99.1


Apple Reports Fourth Quarter Results

Revenue Up 12 Percent and EPS Up 24 Percent to New September Quarter Records

Services Revenue Reaches All-Time High

CUPERTINO, California — November 2, 2017 — Apple
® today announced financial results for its fiscal 2017 fourth quarter ended September 30, 2017. The Company posted quarterly revenue of $52.6 billion, an increase of 12 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.07, up 24 percent. International sales accounted for 62 percent of the quarter’s revenue.

“We’re happy to report a very strong finish to a great fiscal 2017, with record fourth quarter revenue, year-over-year growth for all our product categories, and our best quarter ever for Services,” said Tim Cook, Apple’s CEO. “With fantastic new products including iPhone 8 and iPhone 8 Plus, Apple Watch Series 3, and Apple TV 4K joining our product lineup, we’re looking forward to a great holiday season, and with the launch of iPhone X getting underway right now, we couldn’t be more excited as we begin to deliver our vision for the future with this stunning device.”

“Apple’s year-over-year revenue growth rate accelerated for the fourth consecutive quarter and drove EPS growth of 24 percent in the September quarter,” said Luca Maestri, Apple’s CFO. “We also generated strong operating cash flow of $15.7 billion and returned $11 billion to investors through our capital return program.”

Apple is providing the following guidance for its fiscal 2018 first quarter:

•
revenue between $84 billion and $87 billion
•
gross margin between 38 percent and 38.5 percent
•
operating expenses between $7.65 billion and $7.75 billion
•
other income/(expense) of $600 million
•
tax rate of 25.5 percent

Apple’s board of directors has declared a cash dividend of $0.63 per share of the Company’s common stock. The dividend is payable on November 16, 2017 to shareholders of record as of the close of business on November 13, 2017.

Apple will provide live streaming of its Q4 2017 financial results conference call beginning at 2:00 p.m. PDT on November 2, 2017 at www.apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.


The following information was filed by Apple Inc (AAPL) on Thursday, November 2, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Apple Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Shareholders' Equity
Acquired Intangible Assets
Acquired Intangible Assets (tables)
Acquired Intangible Assets - Additional Information (details)
Acquired Intangible Assets - Components Of Gross And Net Intangible Asset Balances (details)
Acquired Intangible Assets - Expected Annual Amortization Expense Related To Acquired Intangible Assets (details)
Benefit Plans
Benefit Plans (tables)
Benefit Plans - Additional Information (details)
Benefit Plans - Restricted Stock Units Activity And Related Information (details)
Benefit Plans - Summary Of Share-based Compensation Expense (details)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (details)
Commitments And Contingencies - Changes In Accrued Warranties And Related Costs (details)
Commitments And Contingencies - Future Minimum Lease Payments Under Noncancelable Operating Leases (details)
Commitments And Contingencies - Future Payments Under Unconditional Purchase Obligations (details)
Comprehensive Income
Comprehensive Income (tables)
Comprehensive Income - Change In Aoci By Component (details)
Comprehensive Income - Pre-tax Amounts Reclassified From Aoci Into Consolidated Statements Of Operations (details)
Consolidated Financial Statement Details
Consolidated Financial Statement Details (tables)
Consolidated Financial Statement Details - Other Income/(expense), Net (details)
Consolidated Financial Statement Details - Other Non-current Liabilities (details)
Consolidated Financial Statement Details - Property, Plant And Equipment, Net (details)
Debt
Debt (tables)
Debt - Additional Information (details)
Debt - Future Principal Payments For Term Debt (details)
Debt - Summary Of Cash Flows Associated With Commercial Paper (details)
Debt - Summary Of Term Debt (details)
Financial Instruments
Financial Instruments (tables)
Financial Instruments - Additional Information (details)
Financial Instruments - Cash, Cash Equivalents And Marketable Securities (details)
Financial Instruments - Derivative Instruments At Gross Fair Value (details)
Financial Instruments - Notional Amounts And Credit Risk Amounts Associated With Derivative Instruments (details)
Financial Instruments - Pre-tax Gains And Losses Of Derivative And Non-derivative Instruments Designated As Hedges (details)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (details)
Income Taxes - Aggregate Changes In Gross Unrecognized Tax Benefits, Excluding Interest And Penalties (details)
Income Taxes - Provision For Income Taxes (details)
Income Taxes - Reconciliation Of The Provision For Income Taxes (details)
Income Taxes - Significant Components Of Deferred Tax Assets And Liabilities (details)
Segment Information And Geographic Data
Segment Information And Geographic Data (tables)
Segment Information And Geographic Data - Long-lived Assets (details)
Segment Information And Geographic Data - Net Sales (details)
Segment Information And Geographic Data - Net Sales By Product (details)
Segment Information And Geographic Data - Reconciliation Of Segment Operating Income To Consolidated Statements Of Operations (details)
Segment Information And Geographic Data - Summary Information By Operating Segment (details)
Selected Quarterly Financial Information (unaudited)
Selected Quarterly Financial Information (unaudited) (tables)
Selected Quarterly Financial Information (unaudited) - Summary Of Quarterly Financial Information (details)
Shareholders' Equity
Shareholders' Equity (tables)
Shareholders' Equity - Accelerated Share Repurchase Activity And Related Information (details)
Shareholders' Equity - Additional Information (details)
Shareholders' Equity - Repurchases Of Common Shares In Open Market (details)
Shareholders' Equity - Summary Of Dividends Declared And Paid (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (details)
Summary Of Significant Accounting Policies - Computation Of Basic And Diluted Earnings Per Share (details)
Ticker: AAPL
CIK: 320193
Form Type: 10-K Annual Report
Accession Number: 0000320193-17-000070
Submitted to the SEC: Fri Nov 03 2017 8:01:37 AM EST
Accepted by the SEC: Fri Nov 03 2017
Period: Saturday, September 30, 2017
Industry: Electronic Computers

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