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Apple Inc. (AAPL) SEC Filing 10-K Annual report for the fiscal year ending Saturday, September 28, 2019

Apple Inc

CIK: 320193 Ticker: AAPL


Exhibit 99.1


Apple Reports Fourth Quarter Results

Services Revenue Reaches All-Time High of $12.5 Billion

EPS Sets New Fourth Quarter Record of $3.03

CUPERTINO, California — October 30, 2019 — Apple
® today announced financial results for its fiscal 2019 fourth quarter ended September 28, 2019. The Company posted quarterly revenue of $64 billion, an increase of 2 percent from the year-ago quarter, and quarterly earnings per diluted share of $3.03, up 4 percent. International sales accounted for 60 percent of the quarter’s revenue.

“We concluded a groundbreaking fiscal 2019 with our highest Q4 revenue ever, fueled by accelerating growth from Services, Wearables and iPad,” said Tim Cook, Apple’s CEO. “With customers and reviewers raving about the new generation of iPhones, today’s debut of new, noise-cancelling AirPods Pro, the hotly-anticipated arrival of Apple TV+ just two days away, and our best lineup of products and services ever, we’re very optimistic about what the holiday quarter has in store.”

“Our strong business performance drove record Q4 EPS of $3.03 and record Q4 operating cash flow of $19.9 billion,” said Luca Maestri, Apple’s CFO. “We also returned over $21 billion to shareholders, including almost $18 billion in share repurchases and $3.5 billion in dividends and equivalents, as we continue on our path to reaching a net cash neutral position over time.”

Apple is providing the following guidance for its fiscal 2020 first quarter:

revenue between $85.5 billion and $89.5 billion
gross margin between 37.5 percent and 38.5 percent
operating expenses between $9.6 billion and $9.8 billion
other income/(expense) of $200 million
tax rate of approximately 16.5 percent

Apple’s board of directors has declared a cash dividend of $0.77 per share of the Company’s common stock. The dividend is payable on November 14, 2019 to shareholders of record as of the close of business on November 11, 2019.

Apple will provide live streaming of its Q4 2019 financial results conference call beginning at 2:00 p.m. PDT on October 30, 2019 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 Wednesday, October 30, 2019 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

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Shareholders' Equity
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 And The Related Income Tax Benefit (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)
Financial Instruments - Restricted Cash (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)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Additional Information (Details)
Revenue Recognition - Deferred Revenue, Expected Timing Of Realization, Percentage (Details)
Revenue Recognition - Deferred Revenue, Expected Timing Of Realization, Period (Details)
Revenue Recognition - Net Sales Disaggregated By Significant Products And Services (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 - 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 (Tables)
Shareholders' Equity - Additional Information (Details)
Shareholders' Equity - Shares Of Common Stock (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: 0000320193-19-000119
Submitted to the SEC: Wed Oct 30 2019 2:12:36 PM EST
Accepted by the SEC: Thu Oct 31 2019
Period: Saturday, September 28, 2019
Industry: Electronic Computers

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