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Apple Inc (AAPL) SEC Filing 10-K Annual report for the fiscal year ending Saturday, September 29, 2018

Apple Inc

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CIK: 320193 Ticker: AAPL


Exhibit 99.1


Apple Reports Fourth Quarter Results

Revenue Up 20 Percent and EPS Up 41 Percent to New September Quarter Records

Services Revenue of $10 Billion Reaches New All-Time High

CUPERTINO, California — November 1, 2018 — Apple
® today announced financial results for its fiscal 2018 fourth quarter ended September 29, 2018. The Company posted quarterly revenue of $62.9 billion, an increase of 20 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.91, up 41 percent. International sales accounted for 61 percent of the quarter’s revenue.

Services revenue reached an all-time high of $10 billion. Excluding a one-time favorable adjustment of $640 million recognized in the fourth quarter of fiscal 2017, Services revenue grew from $7.9 billion in the fourth quarter of fiscal 2017 to $10 billion in the fourth quarter of fiscal 2018, an increase of 27 percent.

“We’re thrilled to report another record-breaking quarter that caps a tremendous fiscal 2018, the year in which we shipped our 2 billionth iOS device, celebrated the 10th anniversary of the App Store and achieved the strongest revenue and earnings in Apple’s history,” said Tim Cook, Apple’s CEO. “Over the past two months, we’ve delivered huge advancements for our customers through new versions of iPhone, Apple Watch, iPad and Mac as well as our four operating systems, and we enter the holiday season with our strongest lineup of products and services ever.”

“We concluded a record year with our best September quarter ever, growing double digits in every geographic segment. We set September quarter revenue records for iPhone and Wearables and all-time quarterly records for Services and Mac,” said Luca Maestri, Apple’s CFO. “We generated $19.5 billion in operating cash flow and returned over $23 billion to shareholders in dividends and share repurchases in the September quarter, bringing total capital returned in fiscal 2018 to almost $90 billion.”

Apple is providing the following guidance for its fiscal 2019 first quarter:

•
revenue between $89 billion and $93 billion
•
gross margin between 38 percent and 38.5 percent
•
operating expenses between $8.7 billion and $8.8 billion
•
other income/(expense) of $300 million
•
tax rate of approximately 16.5 percent before discrete items

Apple’s board of directors has declared a cash dividend of $0.73 per share of the Company’s common stock. The dividend is payable on November 15, 2018 to shareholders of record as of the close of business on November 12, 2018.

Apple will provide live streaming of its Q4 2018 financial results conference call beginning at 2:00 p.m. PDT on November 1, 2018 at www.apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.

Apple periodically provides information for investors on its corporate website, apple.com, and its investors relations website, investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance and details related to its annual meeting of shareholders.


The following information was filed by Apple Inc (AAPL) on Thursday, November 1, 2018 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
Consolidated Statements Of Shareholders' Equity Consolidated Statements Of Shareholders' Equity (Parenthetical)
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 - Marketable Securities In A Continuous Unrealized Loss Position (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 Reportable 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 - Additional Information (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: 0000320193-18-000145
Submitted to the SEC: Mon Nov 05 2018 3:01:40 AM EST
Accepted by the SEC: Mon Nov 05 2018
Period: Saturday, September 29, 2018
Industry: Electronic Computers

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