Last10K.com

Apple Inc (AAPL) SEC Filing 10-K Annual report for the fiscal year ending Saturday, September 28, 2013

Apple Inc

CIK: 320193 Ticker: AAPL

Exhibit 99.1

Apple Reports Fourth Quarter Results

iPhone Sales Grow 26% to Establish New September Quarter Record

CUPERTINO, California—October 28, 2013—Apple

® today announced financial results for its fiscal 2013 fourth quarter ended September 28, 2013. The Company posted quarterly revenue of $37.5 billion and quarterly net profit of $7.5 billion, or $8.26 per diluted share. These results compare to revenue of $36 billion and net profit of $8.2 billion, or $8.67 per diluted share, in the year-ago quarter. Gross margin was 37 percent compared to 40 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.

The Company sold 33.8 million iPhones, a record for the September quarter, compared to 26.9 million in the year-ago quarter. Apple also sold 14.1 million iPads during the quarter, compared to 14 million in the year-ago quarter. The Company sold 4.6 million Macs, compared to 4.9 million in the year-ago quarter.

Apple’s Board of Directors has declared a cash dividend of $3.05 per share of the Company’s common stock. The dividend is payable on November 14, 2013, to shareholders of record as of the close of business on November 11, 2013.

“We’re pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones,” said Tim Cook, Apple’s CEO. “We’re excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS.”

“We generated $9.9 billion in cash flow from operations and returned an additional $7.8 billion in cash to shareholders through dividends and share repurchases during the September quarter, bringing cumulative payments under our capital return program to $36 billion,” said Peter Oppenheimer, Apple’s CFO.

Apple is providing the following guidance for its fiscal 2014 first quarter:

 

 

revenue between $55 billion and $58 billion

 

gross margin between 36.5 percent and 37.5 percent

 

operating expenses between $4.4 billion and $4.5 billion

 

other income/(expense) of $200 million

 

tax rate of 26.25 percent

Apple will provide live streaming of its Q4 2013 financial results conference call beginning at 2:00 p.m. PDT on October 28, 2013 at www.apple.com/quicktime/qtv/earningsq413. This webcast will also be available for replay for approximately two weeks thereafter.


The following information was filed by Apple Inc (AAPL) on Monday, October 28, 2013 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.

View differences made from one year to another to evaluate Apple Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Apple Inc.

Continue

Assess how Apple Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Apple Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2013 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

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
Accrued Expenses (detail)
Aggregate Changes In The Balance Of Gross Unrecognized Tax Benefits, Which Excludes Interest And Penalties (detail)
Benefit Plans
Benefit Plans (tables)
Benefit Plans - Additional Information (detail)
Cash And Available-for-sale Securities' Adjusted Cost, Gross Unrealized Gains, Gross Unrealized Losses And Fair Value Recorded As Cash And Cash Equivalents Or Short-term Or Long-term Marketable Securities (detail)
Changes In Accrued Warranties And Related Costs (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Components Of Accumulated Other Comprehensive Income, Net Of Taxes (detail)
Components Of Gross And Net Intangible Asset Balances (detail)
Comprehensive Income
Comprehensive Income (tables)
Computation Of Basic And Diluted Earnings Per Share (detail)
Consolidated Financial Statement Details
Consolidated Financial Statement Details (tables)
Debt Instrument Future Principal Payments (detail)
Debt Instruments Principal Amounts Associated With Interest Rates (detail)
Debt Instruments Principal Amounts Associated With Interest Rates (parenthetical) (detail)
Derivative Instruments At Gross Fair Value As Reflected In Condensed Consolidated Balance Sheets (detail)
Expected Annual Amortization Expense Related To Acquired Intangible Assets (detail)
Financial Instruments
Financial Instruments (tables)
Financial Instruments - Additional Information (detail)
Future Minimum Lease Payments Under Noncancelable Operating Leases (detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (tables)
Goodwill And Other Intangible Assets - Additional Information (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Inventory (detail)
Long-term Debt
Long-term Debt (tables)
Long-term Debt - Additional Information (detail)
Net Sales And Long-lived Assets (detail)
Net Sales By Product (detail)
Non-current Liabilities (detail)
Notional Principal Amounts Of Outstanding Derivative Instruments And Credit Risk Amounts Associated With Outstanding Or Unsettled Derivative Instruments (detail)
Other Income And Expense (detail)
Pre-tax Effect Of Derivative Instruments Designated As Cash Flow And Net Investment Hedges (detail)
Pre-tax Effect Of Derivative Instruments Designated As Cash Flow And Net Investment Hedges (parenthetical) (detail)
Property, Plant And Equipment (detail)
Provision For Income Taxes (detail)
Reconciliation Of Segment Operating Income To Condensed Consolidated Financial Statements (detail)
Reconciliation Of The Provision For Income Taxes (detail)
Restricted Stock Units Activity And Related Information (detail)
Segment Information And Geographic Data
Segment Information And Geographic Data (tables)
Segment Information And Geographic Data - Additional Information (detail)
Selected Quarterly Financial Information (unaudited)
Selected Quarterly Financial Information (unaudited) (tables)
Shareholders' Equity
Shareholders' Equity (tables)
Shareholders' Equity - Additional Information (detail)
Significant Components Of The Company's Deferred Tax Assets And Liabilities (detail)
Stock Option Activity And Related Information (detail)
Summary Information By Operating Segment (detail)
Summary Of Dividends Declared And Paid (detail)
Summary Of Quarterly Financial Information (detail)
Summary Of Share-based Compensation Expense (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (detail)
Total Assets By Segment And Reconciliation To Consolidated Financial Statements (detail)
Ticker: AAPL
CIK: 320193
Form Type: 10-K Annual Report
Accession Number: 0001193125-13-416534
Submitted to the SEC: Tue Oct 29 2013 8:38:28 PM EST
Accepted by the SEC: Wed Oct 30 2013
Period: Saturday, September 28, 2013
Industry: Electronic Computers

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/aapl/0001193125-13-416534.htm