UNITED STATES SECURITIES AND EXCHANGE COMMISSION|Quick homework help

• THE COMPANY IS APPLE INC.
• ONLY USE THE ATTACHED 10-K AS REFERENCE
• Review the instructions for the SEC 10-K project. This week’s report focuses on the Balance Sheet.
• Review the discussion board in week two on the Balance Sheet. (ATTACHED)
• Write a brief report of at least one page in whole paragraphs. You may use bullet points.
• This report will assist you in the final SEC 10-K project deliverables.
• Submit it as a Word document.

Requirements

The report should include the following:

• Sections or line items of the Balance Sheet include but are not limited to:
  • Fiscal Year End Date for the two years presented
  • Definition of Fiscal Year if not last day of the month (i.e., December 31)
  • Assets
  • Liabilities
  • Equity
  • Working Capital with an explanation of changes from the prior year
  • Identify new line items or items that do not appear in the most recent year
  • Refer to Statement of Shareholders’ Equity to describe significant changes (i.e., Retained Earnings became Accumulated Deficit).Below you will find the significant line items for Apple Inc. stating the past three years presented Shareholders Equity.

    https://www.sec.gov/ix?doc=/Archives/edgar/data/320193/000032019322000108/aapl-20220924.htm

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    The beginning balance for each year are as follows: (all information are in millions except share amounts)

    Beginning Balance

    2020: 45,174

    2021: 50,779

    2022: 64,849

    Common Stock numbers are as follows:

    2020: 50,779

    2021: 57,365

    2022: 64,849

    Retained Earnings or (Accumulated Deficit) are as follows:

    2020: 14,966

    2021: 5,562

    2022: (3,068)

    Accumulated Other Comprehensive Income or (Loss) are as follows:

    2020: (406)

    2021: 163

    2022: (11,109)

    Net income or (Loss) are as follows:

    The thing that stood out to me the most is the consistency in the common stock increase. When I first saw the assignment my initial thought was there will be a huge spike in common stock numbers for the previous years because they had a stock splits but, the numbers look pretty consistent. I’m not sure to stock splits affect the common stock but, I’ll definitely will be looking deeper into that in the future.

  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

    FORM 10-K (Mark One)

    ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 24, 2022

    or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

    For the transition period from to . Commission File Number: 001-36743

    Apple Inc. (Exact name of Registrant as specified in its charter)

    California 94-2404110 (State or other jurisdiction

    of incorporation or organization) (I.R.S. Employer Identification No.)

    One Apple Park Way Cupertino, California 95014

    (Address of principal executive offices) (Zip Code)

    (408) 996-1010 (Registrant’s telephone number, including area code)

    Securities registered pursuant to Section 12(b) of the Act:

    Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, $0.00001 par value per share AAPL The Nasdaq Stock Market LLC

    1.000% Notes due 2022 — The Nasdaq Stock Market LLC 1.375% Notes due 2024 — The Nasdaq Stock Market LLC 0.000% Notes due 2025 — The Nasdaq Stock Market LLC 0.875% Notes due 2025 — The Nasdaq Stock Market LLC 1.625% Notes due 2026 — The Nasdaq Stock Market LLC 2.000% Notes due 2027 — The Nasdaq Stock Market LLC 1.375% Notes due 2029 — The Nasdaq Stock Market LLC 3.050% Notes due 2029 — The Nasdaq Stock Market LLC 0.500% Notes due 2031 — The Nasdaq Stock Market LLC 3.600% Notes due 2042 — The Nasdaq Stock Market LLC

    Securities registered pursuant to Section 12(g) of the Act: None

    Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

    Yes ☒ No ☐

    Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

    Yes ☐ No ☒

    Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

    Yes ☒ No ☐

    Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files).

    Yes ☒ No ☐

    Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

    Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐

    Emerging growth company ☐

    If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

    Indicate by check mark whether the Registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒

    Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act).

    Yes ☐ No ☒

    The aggregate market value of the voting and non-voting stock held by non-affiliates of the Registrant, as of March 25, 2022, the last business day of the Registrant’s most recently completed second fiscal quarter, was approximately $2,830,067,000,000. Solely for purposes of this disclosure, shares of common stock held by executive officers and directors of the Registrant as of such date have been excluded because such persons may be deemed to be affiliates. This determination of executive officers and directors as affiliates is not necessarily a conclusive determination for any other purposes.

    15,908,118,000 shares of common stock were issued and outstanding as of October 14, 2022.

    DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant’s definitive proxy statement relating to its 2023 annual meeting of shareholders are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. The Registrant’s definitive proxy statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates.

    Apple Inc.

    Form 10-K

    For the Fiscal Year Ended September 24, 2022

    TABLE OF CONTENTS

    Page Part I

    Item 1. Business 1 Item 1A. Risk Factors 5 Item 1B. Unresolved Staff Comments 17 Item 2. Properties 17 Item 3. Legal Proceedings 17 Item 4. Mine Safety Disclosures 17

    Part II Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 18 Item 6. [Reserved] 19 Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations 20 Item 7A. Quantitative and Qualitative Disclosures About Market Risk 26 Item 8. Financial Statements and Supplementary Data 28 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 53 Item 9A. Controls and Procedures 53 Item 9B. Other Information 54 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 54

    Part III Item 10. Directors, Executive Officers and Corporate Governance 54 Item 11. Executive Compensation 54 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 54 Item 13. Certain Relationships and Related Transactions, and Director Independence 54 Item 14. Principal Accountant Fees and Services 54

    Part IV Item 15. Exhibit and Financial Statement Schedules 55 Item 16. Form 10-K Summary 57

    This Annual Report on Form 10-K (“Form 10-K”) contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Many of the forward-looking statements are located in Part I, Item 1 of this Form 10-K under the heading “Business” and Part II, Item 7 of this Form 10-K under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. For example, statements in this Form 10-K regarding the potential future impact of the COVID-19 pandemic on the Company’s business and results of operations are forward-looking statements. Forward-looking statements can also be identified by words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “will,” “would,” “could,” “can,” “may,” and similar terms. Forward-looking statements are not guarantees of future performance and the Company’s actual results may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such differences include, but are not limited to, those discussed in Part I, Item 1A of this Form 10-K under the heading “Risk Factors.” The Company assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law.

    Unless otherwise stated, all information presented herein is based on the Company’s fiscal calendar, and references to particular years, quarters, months or periods refer to the Company’s fiscal years ended in September and the associated quarters, months and periods of those fiscal years. Each of the terms the “Company” and “Apple” as used herein refers collectively to Apple Inc. and its wholly owned subsidiaries, unless otherwise stated.

    PART I

    Item 1. Business

    Company Background

    The Company designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. The Company’s fiscal year is the 52- or 53-week period that ends on the last Saturday of September.

    Products

    iPhone

    iPhone is the Company’s line of smartphones based on its iOS operating system. The iPhone line includes iPhone 14 Pro, iPhone 14, iPhone 13, iPhone SE , iPhone 12 and iPhone 11.

    Mac

    Mac is the Company’s line of personal computers based on its macOS operating system. The Mac line includes laptops MacBook Air and MacBook Pro , as well as desktops iMac , Mac mini , Mac Studio™ and Mac Pro .

    iPad

    iPad is the Company’s line of multipurpose tablets based on its iPadOS operating system. The iPad line includes iPad Pro , iPad Air , iPad and iPad mini .

    Wearables, Home and Accessories

    Wearables, Home and Accessories includes:

    • AirPods , the Company’s wireless headphones, including AirPods, AirPods Pro and AirPods Max™; • Apple TV , the Company’s media streaming and gaming device based on its tvOS operating system, including Apple TV 4K and Apple TV HD; • Apple Watch , the Company’s line of smartwatches based on its watchOS operating system, including Apple Watch Ultra™, Apple Watch Series 8 and

SOLUTION