Posted: July 22nd, 2015

FINANCIAL ANALYSIS FOR APPLE INC

FINANCIAL ANALYSIS FOR APPLE INC

Financial Statement Analysis Course
and my part is that : to analyze the balance sheet of apple inc. from their 10-K for the last two years by doing analysis to these points:

1. analysis of the account receivables and the allowance accounts.

2. a description of the types of the liabilities that company is incurred ( specify which liabilities are the most significant to the company )

3. a summary that includes the most important points that in your assessment of the balance sheet.

September 27,
2014               September 28,
2013

ASSETS:
Current assets:
Cash and cash equivalents          $    13,844                $    14,259
Short-term marketable securities               11,233                     26,287
Accounts receivable, less allowances of $86 and $99, respectively               17,460                     13,102
Inventories               2,111                     1,764
Deferred tax assets               4,318                     3,453
Vendor non-trade receivables               9,759                     7,539
Other current assets               9,806                     6,882

Total current assets               68,531                     73,286
Long-term marketable securities               130,162                     106,215
Property, plant and equipment, net               20,624                     16,597
Goodwill               4,616                     1,577
Acquired intangible assets, net               4,142                     4,179
Other assets               3,764                     5,146

Total assets          $        231,839                $        207,000

LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current liabilities:
Accounts payable          $    30,196                $    22,367
Accrued expenses               18,453                     13,856
Deferred revenue               8,491                     7,435
Commercial paper               6,308                     0

Total current liabilities               63,448                     43,658
Deferred revenue – non-current               3,031                     2,625
Long-term debt               28,987                     16,960
Other non-current liabilities               24,826                     20,208

Total liabilities               120,292                     83,451

Commitments and contingencies
Shareholders’ equity:
Common stock and additional paid-in capital, $0.00001 par value; 12,600,000 shares authorized; 5,866,161 and 6,294,494 shares issued and outstanding, respectively               23,313                     19,764
Retained earnings               87,152                     104,256
Accumulated other comprehensive income/(loss)               1,082                     (471    )

Total shareholders’ equity               111,547                     123,549

Total liabilities and shareholders’ equity          $    231,839                $    207,000

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