Apple Inc (AAPL) SEC Filing 10-K Annual report for the fiscal year ending Saturday, September 27, 2014

Apple Inc

CIK: 320193 Ticker: AAPL

Exhibit 99.1

Apple Reports Fourth Quarter Results

Strong iPhone, Mac & App Store Sales Drive Record September Quarter Revenue & Earnings

CUPERTINO, California—October 20, 2014—Apple

® today announced financial results for its fiscal 2014 fourth quarter ended September 27, 2014. The Company posted quarterly revenue of $42.1 billion and quarterly net profit of $8.5 billion, or $1.42 per diluted share. These results compare to revenue of $37.5 billion and net profit of $7.5 billion, or $1.18 per diluted share, in the year-ago quarter. Gross margin was 38 percent compared to 37 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.

Apple’s board of directors has declared a cash dividend of $.47 per share of the Company’s common stock. The dividend is payable on November 13, 2014, to shareholders of record as of the close of business on November 10, 2014.

“Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus,” said Tim Cook, Apple’s CEO. “With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple’s strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015.”

“Our strong business performance drove EPS growth of 20 percent and a record $13.3 billion in cash flow from operations in the September quarter,” said Luca Maestri, Apple’s CFO. “We continued to execute aggressively against our capital return program, spending over $20 billion in the quarter and bringing cumulative returns to $94 billion.”

Apple is providing the following guidance for its fiscal 2015 first quarter:


  revenue between $63.5 billion and $66.5 billion


  gross margin between 37.5 percent and 38.5 percent


  operating expenses between $5.4 billion and $5.5 billion


  other income/(expense) of $325 million


  tax rate of 26.5 percent

Apple will provide live streaming of its Q4 2014 financial results conference call beginning at 2:00 p.m. PDT on October 20, 2014 at 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 20, 2014 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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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
Accelerated Share Repurchase Arrangements (detail)
Accelerated Share Repurchase Arrangements (parenthetical) (detail)
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)
Change In Accumulated Other Comprehensive Income By Component (detail)
Changes In Accrued Warranties And Related Costs (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (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 (tables)
Debt - Additional Information (detail)
Debt Instrument Future Principal Payments (detail)
Derivative Instruments At Gross Fair Value As Reflected In 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)
Gross Amounts Reclassified From Aoci Into Consolidated Statements Of Operations (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Inventory (detail)
Long-lived Assets (detail)
Net Sales (detail)
Net Sales By Product (detail)
Non-current Liabilities (detail)
Notional 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, Net Investment And Fair Value Hedges (detail)
Property, Plant And Equipment (detail)
Provision For Income Taxes (detail)
Reconciliation Of Segment Operating Income To Consolidated Statements Of Operations (detail)
Reconciliation Of The Provision For Income Taxes (detail)
Repurchases Of Common Shares In Open Market (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)
Summary Information By Operating Segment (detail)
Summary Of Cash Flows Associated With Issuance And Maturities Of Commercial Paper (detail)
Summary Of Dividends Declared And Paid (detail)
Summary Of Long-term Debt (detail)
Summary Of Long-term Debt (parenthetical) (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 Balance Sheets (detail)
Ticker: AAPL
CIK: 320193
Form Type: 10-K Annual Report
Accession Number: 0001193125-14-383437
Submitted to the SEC: Mon Oct 27 2014 5:11:55 PM EST
Accepted by the SEC: Mon Oct 27 2014
Period: Saturday, September 27, 2014
Industry: Electronic Computers

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