| { | |
| "_id": "d4aa0660c", | |
| "title": "", | |
| "text": "Apple.\n sales 316,199,392 220\n Services 78,129 68,425 53,768\n,328 365,817 274,515\n 201,471 192,266\n 22,075 20,715 18,273\n 223,546 212,981 169,559\n margin 170,782 152,836\n expenses Research development 26,251 21,914 18\n 25,094 21,973\n 51,345 43,887 38,668\n income 119,437 108,949 66,288\n 119,103 109,207 67,091\n 99,803 94,680\n.\n.\n 16,215,963 16,701,272 17,352\n Financial Statements.\n." | |
| } | |
| { | |
| "_id": "d4aa04834", | |
| "title": "", | |
| "text": "\n losses claims.\n laws\n liabilities costs adverse effects.\n operations antitrust\n privacy consumer protection advertising sales billing e financial\n liability property digital platforms\n media third-party\n labor employment anticorruption import export trade foreign exchange cash\n anti–money laundering foreign ownership investment tax health safety\n" | |
| } | |
| { | |
| "_id": "d4aa01288", | |
| "title": "", | |
| "text": "operations risks industrial accidents suppliers contract manufacturers.\n suppliers maintain safe environments industrial accident\n injuries disruption business harm reputation.\n public health issues COVID-19\n Company impact global economy demand consumer products\n public safety measures travel freight\n disruptions supply chain sales\n channels interruptions delays production new.\n" | |
| } | |
| { | |
| "_id": "d4aa0a270", | |
| "title": "", | |
| "text": "election consent vacancy\n removal requires consent majority outstanding shares.\n amendment Bylaws Articles adopted by majority\n shares. amendment fixed directors\n maximum minimum board adopted by\n shareholders amendment\n directors less than five if votes against equal\n 16 2/3% shares. Exhibit 4. 1" | |
| } | |
| { | |
| "_id": "d4aa09b4a", | |
| "title": "", | |
| "text": "August 2020\n. 550% 2025. 25%\n 2030. 400% 2050. 550% 2060.\n. Certificate February 8 2021\n. 700% 2026. 200%\n 2028. 650% 2031. 375% 2041. 650%\n 2051. 800% 2061.\n. Certificate August 5 2021\n" | |
| } | |
| { | |
| "_id": "d4aa00266", | |
| "title": "", | |
| "text": "consumers businesses.\n competitors aggressive pricing low cost\n products intellectual property.\n products services technologies. designs develops\n hardware services.\n competitive factors price features\n performance quality reliability design innovation third-party software\n accessories marketing distribution service support corporate reputation.\n Apple Inc. 2022 Form 10-K" | |
| } | |
| { | |
| "_id": "d4aa0dc22", | |
| "title": "", | |
| "text": "•modify provisions Indenture waiver defaults\n covenants increase percentage vote\n provide other provisions without\n consent holder Notes\n change right convert exchange debt security\n rate increases conversion price\n unless permitted by terms\n •modify provisions.\n trustee without consent holders modify amend terms Indentures\n series Notes\n add covenants benefit holders Notes" | |
| } | |
| { | |
| "_id": "d4aa017ba", | |
| "title": "", | |
| "text": "patent coverage rapid issuance new\n Company’s products services infringe patents intellectual property rights.\n Company notified patents rights third parties.\n believes licenses third-party intellectual property\n obtained reasonable terms. no licenses\n. Failure-party intellectual property\n preclude selling products\n business financial condition.\n Apple Inc. 2022 Form 10-K" | |
| } | |
| { | |
| "_id": "d4aa09cb2", | |
| "title": "", | |
| "text": "\n Plan September 26, 2017. 9/30/17\n. Restricted Stock Award Non-Employee Director\n February 13, 2018. 3/31/18\n. Award\n August 21, 2018./29/18\n. Performance Award\n August 21, 2018./29/18\n. Award\n September 29, 2019./28/19\n. Performance Award\n" | |
| } | |
| { | |
| "_id": "d4aa071ba", | |
| "title": "", | |
| "text": "hedge. Changes fair value\n recognized OCI.\n Gains losses derivative instruments\n recognized Consolidated Statements Operations.\n Company presents assets liabilities fair values Balance Sheets.\n cash flows derivative instruments operating activities\n.\n money funds equity securities based quoted prices\n identical assets. valuation techniques debt instruments\n financial instruments" | |
| } | |
| { | |
| "_id": "d4aa0a0ea", | |
| "title": "", | |
| "text": "Directors\n Chair Chief Executive Officer holders\n cast (10%) votes record date\n Bylaws satisfy.\n California corporation subject Section 1203\n California General Corporation Law fairness opinion shareholders\n reorganization transaction.\n Common Stock Nasdaq Stock Market\n “AAPL.\n" | |
| } | |
| { | |
| "_id": "d4aa197ca", | |
| "title": "", | |
| "text": "“future. statements not guarantees performance results differ. Factors differences include Part I Item 1A Form 10-K “Risk Factors. Company no obligation revise update statements except required law. information based fiscal calendar references years quarters months periods refer September. “Company” “Apple” Apple Inc. subsidiaries. I Item 1. Company designs manufactures markets smartphones personal computers tablets wearables accessories sells services. fiscal year 52- or 53-week ends last Saturday September. iPhone smartphones iOS. Pro 13, SE 12 11. Mac personal computers macOS. laptops Air Pro desktops iMac Mac mini StudioTM Pro. iPad tablets iPadOS. Pro Air mini.Wearables Home Accessories AirPods wireless headphones Pro MaxTM Apple TV media streaming gaming device 4K HD Apple Watch smartwatches 8 SE Beats HomePod mini accessories. Apple Inc. 2022 Form 10-K Services Advertising third-party licensing advertising platforms. AppleCare fee-based service support products. priority Apple technical support global Apple service network repair replacement additional coverage accidental damage theft loss. Cloud Services content up-to-date Apple devices Windows computers. Digital Content platforms App Store applications digital content. subscription-based services Apple Arcade Apple Fitness+ Apple Music Apple News+ Apple TV+ live sports. Payment Services Apple Card Apple Pay cashless. Markets Distribution customers consumer small mid-sized business education enterprise government markets.Company sells third-party consumers businesses education enterprise government retail online stores direct sales force. employs indirect distribution channels carriers wholesalers retailers resellers. 2022 net sales 38% 62% total net sales. markets products competitive aggressive price competition pressure gross margins new short life cycles evolving standards rapid technological advancements price. competitors aggressive pricing low cost structures intellectual property. innovative new products services technologies. designs develops hardware software services. competitive factors price features performance quality reliability design innovation third software accessories ecosystem marketing distribution capability service support corporate reputation. Apple. expanding market opportunities smartphones computers tablets wearables accessories services. competition resources hardware software large customer bases.competitors have broader lines lower-priced larger devices. Competition intense cut prices lowered margins. competitors resources provide products little profit loss. services compete with free illegitimate. faces competition competitors imitate features applications solutions. Supply Components essential available from multiple certain single limited sources. competes for components with smartphones computers tablets wearables accessories. subject to shortage commodity pricing fluctuations. uses custom components new products utilize custom components one source. new technologies capacity constraints exist until suppliers’ yields manufacturing capacities increased. availability if suppliers common components. agreements for supply components no guarantee. hardware products manufactured by outsourcing partners in Asia some computers in U. S. Ireland.Research Development industries Company rapid technological advances depends flow competitive products services technologies marketplace. technologies enhance products services offerings research" | |
| } | |
| { | |
| "_id": "d4aa08c36", | |
| "title": "", | |
| "text": "10% sales 2022\n. 24 25\n. 147,859 133,803 109,197\n China 74,200 68,366 40,308\n 172,269 163,648 125,010\n sales,328 365,817 274,515\n-lived. 31,119 28,203\n China 7,260 7,521\n 3,738" | |
| } | |
| { | |
| "_id": "d4aa113f4", | |
| "title": "", | |
| "text": "Exhibit 32.\n CERTIFICATIONS CHIEF EXECUTIVE OFFICER FINANCIAL OFFICER\n 18 U. S. C. SECTION 1350\n 906 SARBANES-OXLEY ACT 2002\n. Cook 18. Section 1350\n Annual Report Apple. Form 10-K year September 24 2022\n 13 Securities Exchange Act 1934\n financial condition results Apple.\n periods.\n October 27, 2022\n Timothy D. Cook\n.\n 18. Section 1350\n-Oxley Act 2002 Annual Report Apple. Form 10-K September 24 2022\n 13 Securities Exchange Act 1934\n financial condition results operations.\n periods.\n October 27, 2022\n Luca Maestri\n Financial Officer\n original statement Section 906 Apple.\n. Securities Exchange Commission." | |
| } | |
| { | |
| "_id": "d4aa067ba", | |
| "title": "", | |
| "text": "Apple.\n STATEMENTS 2020\n income $ 99,803 94,680 57,411\n foreign currency (1,511) 501\n gains instruments\n 3,212\n (1,074) 1,003 (1,264)\n 2,138 1,035\n securities\n (12,104) (694) 1,202\n 205 (273)\n gains\n (11,899 (967) 1,139\n (11,272)\n income $ 88,531 $ 95,249 $ 57,453\n Financial Statements.\n Apple. 2022 Form 10-K" | |
| } | |
| { | |
| "_id": "d4aa005d6", | |
| "title": "", | |
| "text": "Company experiences malicious attacks unauthorized access.\n attacks compromise confidentiality disrupt\n business operations impair customers\n impact stock price damage relationships expose\n litigation investigations penalties fines judgments. attacks\n expected use tools\n circumvent controls avoid detection evidence\n identify investigate recover. attacks\n escalate during diplomatic armed conflict.\n malicious attacks affect\n Company greater risk high profile\n value confidential information.\n implemented systems secure systems prevent\n unauthorized access loss sensitive data\n encryption authentication technologies. security measures not sufficient\n vulnerable to hacking ransomware employee error malfeasance system error faulty\n password management irregularities. third parties can induce\n disclosing user names passwords sensitive information\n unauthorized access.\nCompany deploys multifactor authentication monitors services systems\n unusual activity accounts suspicious\n loss orders access products.\n maintains insurance coverage data security risks\n all losses claims.\n business strategies disrupt business risks\n affect business reputation\n financial condition.\n invested" | |
| } | |
| { | |
| "_id": "d4aa05662", | |
| "title": "", | |
| "text": "35 % 19,593\n sales $ 394,328 8 % 365,817 33 % 274,515\n Americas\n sales increased 2022 higher iPhone Services Mac.\n Europe\n sales increased iPhone Services.\n weakness foreign currencies.\n.\n Greater China\n sales increased iPhone Services.\n renminbi.\n Japan\n sales decreased" | |
| } | |
| { | |
| "_id": "d4aa05d24", | |
| "title": "", | |
| "text": "Income\n 2022 2021 2020\n Interest dividend income 2,825 2,843 3,763\n expense (2,931) (2,645) (2,873\n (228)\n (334) 258 803\n decrease losses debt\n adjustments equity higher interest expense foreign exchange gains.\n" | |
| } | |
| { | |
| "_id": "d4aa00978", | |
| "title": "", | |
| "text": "Company actions recommendations\n requirements authorities. COVID-19 pandemic operational\n financial performance uncertain factors timing\n trajectory duration new variants development\n vaccines treatments public safety measures impact\n global economy demand. future impacts include\n effects demand products services supply chain\n channels strategic plans profitability cost structure.\n" | |
| } | |
| { | |
| "_id": "d4aa080e2", | |
| "title": "", | |
| "text": "payments\n leases. billion 2022 2021 2020. costs\n $14. $12. billion.\n made $1. billion cash payments 2022 2021\n. Noncash activities right-use assets\n $2. billion 2022 $3. 3 billion 2021 $10. 5 billion 2020 Financial Accounting\n Standards Board" | |
| } | |
| { | |
| "_id": "d4aa04474", | |
| "title": "", | |
| "text": ".\n Investment strategies acquisitions disrupt business risks\n affect business reputation results\n financial condition.\n invested new strategies acquisitions.\n risks uncertainties distraction\n liabilities expenses economic political legal regulatory challenges\n inadequate return capital impairment assets write-\n offs. Investment transactions risks failing\n approvals onerous conditions delay\n" | |
| } | |
| { | |
| "_id": "d4aa05306", | |
| "title": "", | |
| "text": "\n Value\n Shares\n June 26, July 30\n purchases 41,690 $ 145.\n July August 27,\n 54,669 $.\n September 24,\n 63,813 $.\n 160,172 $ 60,665\n 24 authorized Board purchase $405 billion\n common stock repurchase program April 28, 2022" | |
| } | |
| { | |
| "_id": "d4aa0985c", | |
| "title": "", | |
| "text": ". 2062. 8/8/22Incorporated\n Apple. 2022 10-K 56" | |
| } | |
| { | |
| "_id": "d4aa084de", | |
| "title": "", | |
| "text": ".\n 2014 Employee Stock Plan\n Apple. shareholder-approved equity\n grants employees officers. equity\n terms. cash bonus awards.\n third quarter 2022 terminated authority grant awards.\n Apple. 2022 Form 10-K" | |
| } | |
| { | |
| "_id": "d4aa00b94", | |
| "title": "", | |
| "text": "operations. restrictions\n advance notice mitigate adverse impacts\n. disputes escalate actions\n severe restrictive affect business. Political uncertainty trade\n international disputes consumer confidence spending\n business.\n operations facilities suppliers\n manufacturers prone to earthquakes natural disasters.\n risk interruption fire power shortages nuclear\n terrorist attacks ransomware cybersecurity attacks labor disputes public health\n pandemics events beyond control. Global climate\n change natural disasters.\n delays\n inefficiencies supply manufacturing chain slowdowns outages\n. interruption recovery\n expenditures lose sales. relies on sources\n critical components interruption\n negative consequences.\n Apple Inc. 2022 Form 10-K" | |
| } | |
| { | |
| "_id": "d4aa05798", | |
| "title": "", | |
| "text": "fourth quarter 2021.\n sales increased higher laptops.\n iPad\n decreased lower iPad Pro.\n Wearables Home Accessories\n higher Apple\n Watch AirPods.\n higher advertising cloud services\n App Store.\n Apple. 2022 Form 10-K" | |
| } | |
| { | |
| "_id": "d4aa10314", | |
| "title": "", | |
| "text": ". 000% 2025 Notes. 875% 2025 2026\n 2027 1. 375% 2029 2031 Notes. S. government\n security direct obligation German government\n German government payment\n guaranteed German government central bank\n not callable redeemable option issuer\n 13" | |
| } | |
| { | |
| "_id": "d4aa04cc6", | |
| "title": "", | |
| "text": "regulation government investigations legal actions penalties.\n Company changes App Store competition market\n legal conditions. may business changes. legislative initiatives EU\n Digital Markets Act laws jurisdictions require changes. changes include\n charges developers distribution apps outside\n Store.\n subject to antitrust investigations jurisdictions\n legal proceedings claims\n business operations financial condition. subject\n investigations Europe jurisdictions App Store terms conditions.\n fines changes\n App Store business business financial\n. subject to App Store changes\n business practices may.\n commercial relationships with companies\n investigations affect\n business\n financial condition. earns revenue from licensing arrangements\n companies search services\n subject to government investigations legal proceedings.\n Apple Inc. 2022 Form 10-K 14" | |
| } | |
| { | |
| "_id": "d4aa06f44", | |
| "title": "", | |
| "text": "occurs product shipped. Revenue\n services software rights deferred recognized\n estimated. Cost sales hardware software\n warranty costs recognized sale. Costs\n rights recognized.\n long-term service arrangements Company obligations delivered.\n right bill undelivered services.\n unbilled consideration relates value undelivered services.\n revenue undelivered services.\n Apple Inc." | |
| } | |
| { | |
| "_id": "d4aa07714", | |
| "title": "", | |
| "text": "quoted prices markets\n inactive markets\n.\n September 24, 2022 September 25, 2021 marketable securities $12. 7 billion $17. 9 billion\n restricted use State Aid Decision\n agreements.\n Apple. 2022 Form 10-K" | |
| } | |
| { | |
| "_id": "d4aa051b2", | |
| "title": "", | |
| "text": "\n Epic Games\n. filed lawsuit. Northern California\n against Company alleging violations antitrust unfair competition law\n App Store. filed counterclaim breach contract.\n 2021 Northern District Court ruled favor nine\n.\n App Store Review Guidelines violate unfair competition\n issued injunction. Epic appealed decision. filed cross-appeal granted stay\n pending.\n subject legal proceedings claims\n. settled matters fourth quarter 2022\n financial condition operating results. outcome\n uncertain. legal matters resolved\n financial condition results could\n.\n. Mine Safety Disclosures\n.\n Apple Inc. 2022 Form 10-K" | |
| } | |
| { | |
| "_id": "d4aa09f6e", | |
| "title": "", | |
| "text": "\n Section 13 15(d) Securities Exchange Act 1934 Registrant caused\n report signed undersigned authorized.\n Date October 27, 2022 Apple Inc.\n Luca Maestri\n Senior Vice President\n Chief Financial Officer\n Power Attorney\n signature Timothy D. Cook Luca Maestri attorneys-in-fact power substitution\n sign amendments Annual Report Form 10-K file\n Securities Exchange Commission\n.\n Securities Exchange Act 1934 report signed\n Registrant dates\n Name Title Date Timothy D. CookChief Executive Officer Director\n.\n Luca MaestriSenior Vice President Chief Financial Officer\n Chris KondoSenior Director Corporate Accounting\n James A. Bell\n.\n Alex Gorsky Andrea Jung\n Arthur D. Levinson Director Chair\n.\nMonica Lozano\n Ronald D. Sugar\n.\n Susan. Wagner\n.\n Apple. Form 10-K" | |
| } | |
| { | |
| "_id": "d4aa110e8", | |
| "title": "", | |
| "text": "Exhibit 31.\n CERTIFICATION\n I Luca Maestri certify\n. reviewed annual report Form 10-K Apple Inc.\n. report untrue statement\n not\n misleading period\n. financial statements information present\n financial condition results operations cash flows Registrant periods\n. Registrant’s certifying officer(s) and I responsible establishing maintaining disclosure controls\n procedures Exchange Act Rules 13a-15(e) 15d-15(e) internal control over financial reporting\n Registrant\n)Designed disclosure controls procedures\n ensure information Registrant\n subsidiaries known\n report prepared\n)Designed internal control financial reporting\n reliability financial\n reporting preparation financial statements\n accounting principles\n)Evaluated effectiveness disclosure controls procedures presented\n conclusions end period\n)Disclosed change Registrant’s internal control financial reporting\nRegistrant’s recent fiscal quarter fourth\n affected internal control\n financial reporting\n. Registrant’s certifying officer(s) and I disclosed\n to Registrant’s auditors audit committee board directors\n" | |
| } | |
| { | |
| "_id": "d4aa0a52c", | |
| "title": "", | |
| "text": "maturity date. 875% 2025 1. 375% 2029 Notes\n 24 2029 months. 2031 Notes\n August 15 2031.\n" | |
| } | |
| { | |
| "_id": "d4aa09744", | |
| "title": "", | |
| "text": "preparation financial statements\n GAAP. Ernst & Young LLP issued\n report Part II Item 8 Form 10-K.\n Changes Internal Control\n no changes fourth quarter 2022\n Rules 13a-15 15d-15\n Exchange Act\n.\n Apple Inc. 2022 Form 10-K 53" | |
| } | |
| { | |
| "_id": "d4aa0d92a", | |
| "title": "", | |
| "text": "2013 Indenture holders not 25%\n 2018 Indenture holders\n 33%\n requested trustee institute proceedings default\n trustee offered indemnity against costs expenses\n liabilities\n trustee failed institute proceedings 60 days after notice request offer\n indemnity\n no direction inconsistent with request given for 60 days by holders\n majority.\n holders majority" | |
| } | |
| { | |
| "_id": "d4aa06468", | |
| "title": "", | |
| "text": "IV\n Item 15. Exhibit Financial Statement Schedules\n report\n financial statements\n Consolidated Financial Statements\n Operations September 24 2022 2021\n 26, 2020\n Comprehensive Income\n Balance Sheets 24 2022 2021\n Shareholders’ Equity 2022\n Cash Flows\n Notes Financial Statements\n Reports Independent Accounting Firm\n" | |
| } | |
| { | |
| "_id": "d4aa000e0", | |
| "title": "", | |
| "text": "smartphones iOS. 14\n 13, 12 11.\n Mac\n personal computers macOS®. laptops\n MacBook Pro® desktops iMac® StudioTM Pro®.\n iPad\n multipurpose tablets iPadOS®. Pro®\n mini®.\n Wearables Home Accessories\n wireless headphones MaxTM\n media streaming gaming device tvOS®\n 4K HD\n smartwatches watchOS®\n Ultra 8 SE®\n products HomePod mini® accessories.\n Apple Inc. 2022 Form 10-K" | |
| } | |
| { | |
| "_id": "d4aa0a66c", | |
| "title": "", | |
| "text": "\n issued €1,400,000,000 2026 Notes November 10 2014.\n maturity 10 2026 interest. 625% annum\n. October 14 2022\n €1,400,000,000.\n" | |
| } | |
| { | |
| "_id": "d4aa1530a", | |
| "title": "", | |
| "text": "present financial position Apple Inc. September 24, 2022 25, 2021 results operations cash flows three years September 24, 2022. accounting principles. audited Public Company Accounting Oversight Board Apple Inc. internal control financial reporting September 24, 2022 Internal Control – Integrated Framework report October 27, 2022 unqualified opinion. financial statements responsibility Apple. management. express opinion. audits. public accounting firm registered PCAOB independent Apple. federal securities laws rules U. Securities and Exchange Commission PCAOB. audits standards PCAOB. assurance financial statements material misstatement fraud. audits risks misstatement. evidence amounts disclosures. accounting principles estimates presentation. audits provide reasonable basis opinion.Critical Audit Matter from current period audit financial statements relates to accounts disclosures challenging complex judgments. alter our opinion on financial statements separate opinion. Uncertain Tax Positions Apple Inc. subject to taxation files returns in U. S. federal jurisdiction state foreign jurisdictions. of September 24, 2022 unrecognized tax benefits was $16. 8 billion $8. 0 billion if recognized Apple Inc. effective tax rate. for uncertain tax positions Apple. uses judgment tax laws. evaluation of tax position involves judgment on tax laws legal rulings. Apple Inc. 2022 Form 10-K | 50 Addressed tested controls evaluation uncertain tax positions assessment process development disclosures. audit procedures included management’s assumptions analysis. communications with taxing authorities.involved tax resources Apple Inc. tax positions tax laws. received legal counsel discussed advisors Apple. tax personnel. evaluated Apple. disclosure Note 5 financial statements. Ernst & Young LLP Apple Inc. auditor since 2009. San Jose California October 27, 2022 Apple. Form 10-K 51 Report Independent Public Accounting Firm Shareholders Board Directors Apple. Opinion Internal Control Financial Reporting audited Apple. internal control reporting September 24, 2022 Internal Control. Apple. maintained effective internal control. audited consolidated balance sheets Apple. 2022 2021 statements operations income shareholders’ equity cash flows three years report October 27, 2022 unqualified opinion. Apple. management responsible internal control. responsibility express opinion. audit. public accounting firm registered PCAOB independent Apple.U. S. federal securities laws rules regulations U. S. Securities and Exchange Commission PCAOB. conducted audit standards PCAOB. standards require assurance internal control financial reporting. audit included understanding risk material weakness testing design effectiveness other procedures. audit provides basis opinion. Definition Limitations Internal Control Over Financial Reporting control assurance reliability financial reporting preparation financial statements. accounting principles. includes policies procedures maintenance records transactions dispositions assets transactions recorded preparation financial statements. receipts expenditures authorizations management directors unauthorized acquisition use disposition assets financial statements. may not prevent detect misstatements. future risk compliance deteriorate. Ernst & Young LLP San Jose, California October 27, 2022 Apple Inc. 2022 Form 10-K 52 Item 9.Disagreements Accountants Financial Disclosure. Item 9A. Controls Procedures Evaluation Disclosure Controls evaluation management financial officer disclosure controls procedures Rules 13a-15 15d-15 Exchange Act effective September 24, 2022 information recorded processed summarized reported" | |
| } | |
| { | |
| "_id": "d4aa1b854", | |
| "title": "", | |
| "text": "2018 Indenture add change eliminate provisions one series debt securities effective no outstanding security prior supplemental indenture entitled benefit cure ambiguity omission defect inconsistency change other provision adversely affect interests holders debt securities 2013 Indenture 2018 Indenture outstanding series supplement provisions Indenture defeasance discharge of series Notes not adversely affect interests holders Notes comply with rules securities exchange automated quotation system add change eliminate provisions Indenture necessary amendments Trust Indenture Act of 1939 2013 Indenture action adversely affect rights interests holder debt securities. holders of majority of outstanding Notes series may waive compliance with restrictive provisions Indentures.holders of majority Notes series may waive past default consequences under Indenture except default principal premium interest or covenant without consent holder. waiver default cured no waiver to subsequent default rights. Discharge Defeasance Covenant discharge obligations to holders Notes not delivered for cancellation due payable within one year by depositing funds in U. S. dollars to entire indebtedness including principal premium interest to date deposit or maturity redemption date. direct trustee to invest funds in U. S. Treasury securities maturity one year or less or money market fund short-term U. S. Treasury securities.Indentures provide elect defease from obligations Notes series (except register transfer exchange replace temporary lost stolen Notes maintain office agency hold moneys for payment trust (“legal defeasance”) or released from obligations covenants omission not default clauses (3) (6) no applied (“covenant defeasance”). Legal defeasance conditioned upon irrevocable deposit with trustee of amount in U. S. dollars or. government obligations applicable Notes payment interest money pay principal premium interest due dates. If covenant defeasance amount in U. dollars. government obligations deposit sufficient accountants pay amounts due Notes at maturity may not sufficient acceleration default. remain liable to payment amounts due at time acceleration. 2022 2024. 2025.875% 2025 Notes 2026 2027 Notes 1. 375% 2029 Notes 2031 Notes. S. government security direct German government payment guaranteed central bank not callable redeemable option issuer 13 certificates depositary receipts instruments direct ownership obligations clause (x)(i) specific principal interest payments. 3. 050% 2029 Notes 2042 Notes. S. government security direct obligation United Kingdom government payment guaranteed central bank not callable redeemable option issuer certificates depositary receipts instruments direct ownership obligations clause (x)(i)) specific principal interest payments. deliver trustee opinion counsel deposit defeasance cause holders Notes recognize income gain loss federal income tax. legal defeasance opinion ruling U. S. Internal Revenue Service change law.exercise legal defeasance option prior. Book-Entry Settlement Notes issued book-entry represented global notes deposited common depositary Euroclear Clearstream registered depositary nominee. certificated notes issued interests global notes. exchangeable minimum denominations €100,000 multiples €1,000 2022 2024.%. 875% 2026 2027. 375% 2031 minimum denominations £100,000 multiples £1,000 excess 3. 050% 2029 2042. common depositary unwilling continue" | |
| } | |
| { | |
| "_id": "d4aa08ad8", | |
| "title": "", | |
| "text": "Share-Based Compensation\n table shows expense income tax benefit Consolidated\n Statements Operations 2022 2021 2020\n Share compensation expense $ 9,038 $\n Income tax benefit $ (4,002) (4,056) (2,476)\n September 24, 2022 total unrecognized compensation cost RSUs stock options $16. 7\n billion expects 2. 6 years.\n Commitments Contingencies\n Sources Supply Materials\n components multiple\n single. competes\n smartphones computers tablets wearables accessories.\n shortage commodity pricing fluctuations.\n uses custom components new products\n source.\n capacity constraints yields manufacturing capacities\n.\n.\n hardware products manufactured outsourcing partners\n Asia Mac computers U. S. Ireland.\n Unconditional Purchase Obligations\n commitments future purchase goods\n.obligations\n content creation. Future payments\n 24 2022 2023 13,488\n 2024 4,876\n 1,418\n 2026 6,780\n 2027 312\n 27,286\n" | |
| } | |
| { | |
| "_id": "d4aa0b1f2", | |
| "title": "", | |
| "text": "000% 2025 0. 875% 2025 1. 375% 2029 2031\n option Par Call Date\n redemption price equal\n principal Notes\n present remaining scheduled payments principal interest\n Notes matured Par Call Date\n interest discounted date redemption\n Comparable Government Bond Rate\n 10 basis points. 000% 2025 Notes 15 points\n 0. 875% 2025 Notes 2031 Notes 20 points 2029 Notes.\n Call.% 2025 Notes August 15, 2025\n maturity. 875% 2025 February 24, 2025\n. 1. 375% 2029 Notes\n 24, 2029. 2031 Notes\n August 15, 2031.\n" | |
| } | |
| { | |
| "_id": "d4aa18e92", | |
| "title": "", | |
| "text": "UNITED STATES SECURITIES EXCHANGE COMMISSION Washington. 20549 FORM 10-K ANNUAL REPORT SECTION 13 SECURITIES EXCHANGE ACT 1934 fiscal year September 24 2022 TRANSITION REPORT SECTION 13 1934 transition period. File-36743 Apple Inc. Registrant California 94-2404110. Employer Identification. Apple Park Way Cupertino California 95014 offices Code (408) 996-1010 telephone number area code Securities Section 12(b Act Title Trading symbol exchange Common Stock. 00001 share Nasdaq Stock Market LLC.% 2022. 375% 2024. 875%. 625%.% 375% 2029. 050%. 500%. 600% 2042 Section 12(g) Act Registrant-known issuer Rule 405 Securities Act.Yes No Registrant not required file reports Section 13 or 15(d) Act. filed reports Section 13 15(d) Securities Exchange Act 1934 preceding 12 months subject filing requirements past 90 days. submitted electronically Interactive Data File Rule 405 Regulation S-T (§232. 405 12 months. Registrant large accelerated non-accelerated filer smaller reporting emerging growth company. definitions Rule 12b-2 Exchange Act. Large Non-accelerated Smaller Emerging growth company not use extended transition period new financial accounting standards Section 13(a) Exchange Act. filed report internal control financial reporting Section 404(b) Sarbanes-Oxley Act (15 U. S. C. 7262(b)) accounting firm. Registrant company Rule 12b-2.market value non-voting stock non Registrant March 25, 2022 $2,830,067,000,000. common stock executive officers directors excluded. not conclusive. 15,908,118,000 shares common stock issued outstanding October 14, 2022. proxy statement 2023 annual meeting Part III Annual Report Form 10-K. filed U. Securities Exchange Commission 120 days fiscal year. Apple. Form 10-K September 24, 2022 TABLE CONTENTS. Business Risk Factors. Staff Comments. Properties. Legal Proceedings. Mine Safety Disclosures II. Registrant’s Common Equity Stockholder Matters Issuer Purchases Equity Securities. Financial Condition Results Operations. Market Risk. Financial Statements Data. Financial Disclosure Controls Procedures. Foreign Jurisdictions. Directors Executive Officers Corporate Governance.Executive Compensation Item 12. Security Ownership Owners Management Stockholder Matters 13. Relationships Transactions Director Independence 14. Principal Accountant Fees Services Part IV Item 15. Exhibit Financial Statement Schedules 16. Form 10-K Summary Annual Report 10-K forward-looking statements Private Securities Litigation Reform Act 1995 risks uncertainties.-looking statements Part I Item 1 Part II Item 7 Discussion Analysis Financial Condition Results Operations. statements expectations future events. impact COVID-19 business. not guarantees performance results differ. Factors differences Part I Item" | |
| } | |
| { | |
| "_id": "d4aa0d740", | |
| "title": "", | |
| "text": "Consolidation Merger Sale Assets\n Indentures provide consolidate merge sell\n transfer lease convey properties assets\n conditions satisfied\n continuing entity surviving transferee “Successor”)\n not corporate co-issuer\n debt securities under laws United States\n District Columbia Successor assume\n obligations under debt securities Indenture\n conversion" | |
| } | |
| { | |
| "_id": "d4aa0a7d4", | |
| "title": "", | |
| "text": "2027 Notes\n issued €1,000,000,000 September 17, 2015.\n maturity interest 2.% annum paid\n September 17. October 14, 2022\n €1,000,000,000.\n. 375% 2029 Notes\n issued €1,250,000,000. May 24 2017.\n maturity. interest. 375% annum\n 24" | |
| } | |
| { | |
| "_id": "d4aa09172", | |
| "title": "", | |
| "text": "September 24, 2022 25, 2021\n consolidated statements operations income equity cash flows three years\n report October 27, 2022 unqualified\n opinion.\n Apple. management internal control financial reporting\n Annual Report\n. express opinion Apple.\n audit. public accounting firm PCAOB independent\n Apple. U federal securities laws" | |
| } | |
| { | |
| "_id": "d4aa079c6", | |
| "title": "", | |
| "text": "table shows value non-current debt securities maturity\n September 24, 2022\n Due after 1 5 years $ 87,031\n 5 10 years 16,429\n 10 years 17,345\n $ 120,805\n Derivative Instruments Hedging\n instruments offset foreign exchange interest rate risk.\n accounting\n cost. hedges offset\n impact foreign exchange.\n Foreign Exchange Risk\n forward contracts\n option contracts cash flow hedges.\n foreign currency exposure revenue inventory purchases\n 12 months.\n foreign currency–denominated debt\n forward contracts cross-currency swaps.\n cash flow fair value hedges. September 24, 2022 maximum\n hedging\n 20 years.\n derivative instruments hedges protect\n offset gains\n losses remeasurement assets liabilities non-functional currencies.\n Interest Rate Risk\n interest rate swaps options instruments.Company designates cash\n hedges.\n instruments September 24 25\n Foreign exchange contracts 102,670 76,475\n Interest rate contracts $ 20,125 16,875\n contracts 185,381 126,918\n" | |
| } | |
| { | |
| "_id": "d4aa10710", | |
| "title": "", | |
| "text": "Exhibit 21.\n Subsidiaries\n Apple Inc.\n Jurisdiction Incorporation Apple Asia Hong Kong\n Delaware.\n Canada.\n Trading.\n Distribution\n India Insurance Company. Arizona\n Japan.\n Korea Operations Europe Mexico.\n Sales South Asia\n Vietnam\n Braeburn Capital. Nevada.\n. Japan\n Item" | |
| } | |
| { | |
| "_id": "d4aa0af90", | |
| "title": "", | |
| "text": "governmental agreement\n implementation sections Code\n combination items (1) (9).\n Notes subject tax fiscal law regulation administrative judicial\n interpretation. Except Additional\n Amounts Company required Tax government\n political subdivision taxing authority.\n Tax Reasons “United means\n" | |
| } | |
| { | |
| "_id": "d4aa18744", | |
| "title": "", | |
| "text": "Accounts receivable,125 Inventories 1,484 non-trade receivables (3,903) assets Accounts payable 9,448 12,326 (4,062) Deferred revenue liabilities 5 8,916,151 104,038 80,674 Purchases (76,923) (109,558) (114,938) 29,917 59,023 69,918 sales 37,446 47,460 50,473 property (10,708 (11,085) (7,309) acquisitions (22,354) (14,545) (4,289 (6,556) (3,634 Repurchases common stock,402) (85,971) (72,358),465 16,091 Repayments (8,750 (12,629) commercial 3,955,749 (93,353 (10,952) (3 24,977 35,929 39,789 taxes 19,573 25,385 interest 2,865 2,6873,002 Notes Consolidated Financial Statements. Apple Inc. 2022 Form 10-K 33. 1 Accounting Policies financial statements include accounts Apple Inc. subsidiaries. Intercompany accounts transactions eliminated. preparation. accounting principles estimates assumptions. results differ. prior amounts reclassified current. fiscal year 52- or 53-week ends last Saturday September. additional week first fiscal quarter five six years first quarter fiscal year September 30, 2023. fiscal years 2022 2021 2020 52 weeks. references years quarters periods refer years ended September. Revenue Recognition Net sales iPhone Mac iPad Services. recognizes revenue control transferred customers. Control right payment title risks rewards ownership. Products transfers shipped. Services sales delivered. Payment collected following transfer control delivery.Company records reductions sales future returns price protection customer incentive programs expectations experience. arrangements multiple performance obligations allocates revenue based-alone selling prices. uses observable prices SSPs. SSPs estimates prices. process estimating SSPs without considers factors prices market trends business objectives estimated cost. three performance obligations in sale iPhone Mac iPad products. first hardware software delivered. second right receive product-related bundled services iCloud Siri Maps. third future software upgrades. allocates revenue discounts to obligations based on SSPs. observable prices for undelivered performance obligations allocation based on estimated SSPs. Revenue delivered hardware bundled software recognized when control customer. Revenue product-related bundled services software upgrade rights deferred recognized estimated period.sales hardware software warranty costs recognized at sale. Costs services software upgrade rights recognized as sales. long-term service arrangements Company performance obligations for services not delivered. right bill undelivered services. unbilled consideration relates to value undelivered. revenue disclose amounts undelivered services. Apple Inc. 2022 Form 10-K 34 sale third-party products control recognizes revenue based gross amount billed. considers factors price inventory risk acceptability. third-party applications App Store digital content control before. accounts sales commission. records revenue net taxes governmental authorities" | |
| } | |
| { | |
| "_id": "d4aa1afee", | |
| "title": "", | |
| "text": "Floating Rate 2016, 2018. 45%. 40% 2023. 85% 2043. Officer’s Certificate Registrant May 6 2014, Rate 2017 2019. 05%. 10%. 85% 2021. 45% 2024. 45% 2044. Certificate Registrant November 10 2014,. 000% 2022. 625% 2026. Certificate February 9 2015, Floating Rate 2020. 55%. 15% 2022. 50% 2025. 45% 2045. Certificate Registrant May 13, 2015, Floating Rate 2017 2020. 900%.%. 700% 2022. 200% 2025. 375% 2045. Officer’s Certificate Registrant July 31, 2015, 3. 05% 2029. 60% 2042. Certificate Registrant September 17, 2015, global notes. 375% 2024.2027. 8-K. Apple Inc. 2022 10-K Exhibit Date Period. Officer’s Certificate Registrant February 23, 2016, global notes Floating Rate 2019 2021. 300% 2018. 700%. 250% 2021. 850% 2023. 250% 2026. 500% 2036. 650% 2046. Supplement. Officer’s Certificate March 24 2016. Certificate August 4 2016, Floating Rate 2019. 100%. 550% 2021. 450% 2026. 850% 2046. Certificate February 9 2017 2022. 550%. 900%. 500%.% 2024. 350% 2027 4. 250% 2047. Officer’s Certificate Registrant May 11 2017 Floating Rate 2020 2022. 800%. 300%. 850%. 200% 2027.. Certificate May 24 2017 global notes. 875% 2025. 375% 2029. Certificate June 20 2017 global 3. 000% 2027. August 18 2017. 513% 2024. September 12 2017 global notes. 500% 2019. 100% 2022. 900% 2027 3. 750% 2047. Certificate November 13, 2017 notes. 800% 2019. 000% 2020. 400% 2023. 750% 2025 3. 000% 2027. 750% 2047. Indenture November 5 2018 Registrant Bank New York Mellon Trust Company. 21 Certificate September 11 2019 global notes. 700% 2022. 800% 2024. 050% 2026. 200% 2029. 950% 2049.Officer’s Certificate November 15 2019 global. 2025. 500% 2031. May 11 2020. 750% 2023. 125% 2025. 650% 2030. 650% 2050. August 20 2020. 550% 2025. 25% 2030. 400% 2050. 550% 2060. February 8 2021. 700% 2026. 200% 2028. 650% 2031. 375% 2041. 650% 2051. 800% 2061. Certificate August 5 2021 global. 400% 2028. 700% 2031. 700% 2051. 850% 2061. Indenture October 28, 2021 Registrant Bank New York Mellon Trust Company" | |
| } | |
| { | |
| "_id": "d4aa06a44", | |
| "title": "", | |
| "text": "Apple.\n equity balances 63,090 65,339 90,488\n stock capital balances 57,365 50,779 45,174\n issued 1,175 (2,971) compensation 9,280 8,108\n balances 64,849 57,365 50,779\n earnings\n" | |
| } | |
| { | |
| "_id": "d4aa0a9e6", | |
| "title": "", | |
| "text": ". 875% Notes 2025\n. 1 625% 2026 2. 000% Notes 2027\n 1. 375% Notes 2029. 3. 050% Notes.\n. 500% Notes 2031 3. 600% 2042\n 2022 2024. 000% 2025. 875%" | |
| } | |
| { | |
| "_id": "d4aa06b84", | |
| "title": "", | |
| "text": "federal 21%\n tax $ 25,012 22,933 14,089\n State taxes 1,518 1,151 423\n Act 542\n Earnings foreign subsidiaries (4,366\n income deduction (296)\n Research development credit (1,153 (1,033)\n Excess tax equity awards" | |
| } | |
| { | |
| "_id": "d4aa124fc", | |
| "title": "", | |
| "text": "Hedge accounting value adjustments (1,363) 1,036 Current debt (11,128) (9,613) non-current $ 98,959 109,106 rate risk. foreign currency risk. interest rates include amortization adjustments hedging. $2. 8 billion $2. 6 billion $2. 8 billion interest expense term debt 2022 2021 2020. 10-K future principal payments 2023 11,139 2024 2025 10,645 2026 11,209 2027 59,290 debt $ 111,824 2021 fair value Notes $98. 8 billion $125. 3 billion. Shareholders’ Equity Share Repurchase Program repurchased 569 million shares common stock $90. 2 billion. obligate. market Securities Exchange Act 1934.Stock table shows changes 2022 2021 2020 16,426,786 16,976,763 17,772,945 repurchased (568,589) (656,340) (917,270) issued withheld taxes 85,228 106,363 121,088 balances 15,943,425 16,426,786 16,976,763 Benefit Plans 2022 Employee Stock Plan 2022 approved Apple Inc. 2022 Employee Stock Plan equity grants restricted stock units stock grants performance-based awards options appreciation rights. RSUs vest four years settled common stock. reduce shares grant. canceled. dividend rights same dividend value. same vesting terms conditions. 1. 3 billion shares authorized issuance March 4, 2022. 2014 Employee Stock Plan Apple. 2014 shareholder-approved equity grants employees.2014 Plan permitted same equity awards terms 2022 Plan. permitted cash bonus awards. third quarter 2022 Company terminated authority grant awards. Apple Inc. 2022 Form 10-K. Non-Employee Director Stock Plan. shareholder-approved permits RSUs stock options non-employee directors automatic initial grants director annual grants change value mixture stock options RSUs methodology common stock. RSUs granted reduce shares grant two times. Plan expires November 12, 2027. RSUs granted entitled subject same vesting terms conditions underlying RSUs. 45 million shares authorized issuance last amended November 9, 2021.Employee Stock Purchase Plan shareholder-approved employees common stock 85% market values. payroll deductions 10% compensation more $25,000. 230 million shares authorized March 10, 2015. 401(k) Plan tax-qualified deferred compensation. employees contribute earnings. matches 50% to 100% contributions 6% earnings. Restricted Stock Units activity 2022 2021 2020-Average Date Value Balance September 28, 2019 326,068 $. granted 156,800 $. vested (157,743). 29 canceled (14,347). September 26, 2020 310,778 $ 51. granted 89,363 $. vested (145,766). canceled (13,948). September 25, 2021 240,427 $. granted 91,674. 70 vested (115,861).RSUs canceled (14,739. Balance September 24 2022 201,501. 30,312 value $18. $19. $10. 8 billion 2021." | |
| } | |
| { | |
| "_id": "d4aa07b56", | |
| "title": "", | |
| "text": "derivative assets liabilities September 24, 2022\n assets\n Foreign exchange contracts $ 4,317 $ 2,819 $ 7,136\n liabilities contracts $ 2,205 $ 2,547 $\n Interest rate contracts $ 1,367\n assets Level 2 included\n Consolidated Balance Sheets.\n liabilities 2" | |
| } | |
| { | |
| "_id": "d4aa01ecc", | |
| "title": "", | |
| "text": "unauthorized access releases confidential information\n reputational financial legal operational consequences.\n business requires confidential information\n customers employees. devotes resources network data security\n encryption measures.\n absolute security losses releases\n affect business reputation financial condition.\n information with suppliers third parties.\n relies on global suppliers exposed ransomware attacks.\n information\n measures not always effective losses releases\n. affect business\n reputation financial condition.\n Apple Inc. 2022 Form 10-K" | |
| } | |
| { | |
| "_id": "d4aa06274", | |
| "title": "", | |
| "text": "\n estimates 95%-day loss $1. 0 billion\n September 24 2022 $550 million September 25, 2021.\n foreign currency losses\n offset increases exposures.\n future gains losses investment portfolio debt positions differ\n analyses 24 2022 limitations\n interest rates\n.\n Apple Inc. 2022 Form 10-K" | |
| } | |
| { | |
| "_id": "d4a9ffd70", | |
| "title": "", | |
| "text": "Registrant filed report\n control financial reporting Section 404 Sarbanes-Oxley Act (15 U. S. C 7262(b) accounting\n.\n Registrant company Rule 12b-2.\n aggregate market value voting non-voting stock non March 25, 2022\n $2,830,0" | |
| } | |
| { | |
| "_id": "d4aa06da0", | |
| "title": "", | |
| "text": "week\n first fiscal quarter five six years\n first quarter fiscal year September 30, 2023. fiscal years 2022 2021\n 2020 52 weeks. references years quarters refer\n years September.\n Revenue Recognition\n sales iPhone Mac iPad Services products. recognizes revenue\n control transferred customers.\n right payment title risks rewards" | |
| } | |
| { | |
| "_id": "d4aa07336", | |
| "title": "", | |
| "text": "\n sales 169,658 153,306 124,556\n 62,683 53,382 37,722\n 95,118 89,307 68,640\n 35,233 32,505\n China\n 74,200 68,366 40\n 31,153 28,504,261\n Japan 25,977 28,482 21,418\n 12,257,798\n 29,375" | |
| } | |
| { | |
| "_id": "d4aa11cbe", | |
| "title": "", | |
| "text": ",877 189,961 1,753 (1,198) 190,516 34,940 27,699,877 Level 1 value estimates prices. Level 2 estimates inputs. September 24, 2022 September 25, 2021 marketable securities $12. 7 billion $17. 9 billion restricted State Aid Decision Note 5 agreements. Apple Inc. 2022 Form 10-K 38 table fair value non-current marketable debt securities maturity September 24, 2022 Due after 1 year 5 years $ 87,031 5 10 years 16,429 10 years 17,345 Total $ 120,805 Derivative Instruments Hedging offset foreign exchange interest rate risk. accounting cost. no hedges offset impact foreign exchange. forward contracts option contracts cash flow hedges. hedges foreign currency exposure 12 months.debt securities forward contracts cross-currency swaps instruments. instruments cash flow fair value hedges. September 2022 maximum 20 years. enter instruments protect margins offset gains losses assets. Interest Rate Risk interest rate swaps options instruments. cash flow fair value hedges. outstanding derivative instruments September 24 2022 September 25, 2021 2022 2021 Foreign exchange contracts $ 102,670 $ 76,475 Interest rate contracts $ 20,125 $ 16,875 Foreign exchange contracts $ 185,381 $ 126,918 Apple.2022 Form 10-K values derivative assets liabilities September 24, 2022 Derivatives Hedges assets Foreign exchange contracts $ 4,317 $ 2,819 $ 7,136 liabilities Foreign contracts $ 2,205 $ 2,547 $ Interest rate contracts $ 1,367 assets Level 2 value included non-current Balance Sheets. liabilities Level 2. derivative assets represent gross credit exposure if counterparties perform. risk collateral security arrangements values fluctuate. credit risk master netting arrangements single net amount payable. September 24, 2022 potential assets liabilities $7. 8 billion net derivative asset $412 million.hedged items September 24, 2022 25, 2021 2022 2021 assets marketable securities $ 13,378 $ 15,954 term debt $ (18,739) $ (17,857) Trade Receivables receivables cellular carriers wholesalers retailers resellers small businesses education enterprise government customers. collateral collateral third-party credit support limit risk. risk credit insurance third-party financing loans leases. arrangements. recourse credit risk sharing. September 24, 2022 one customer 10% trade receivables. cellular network carriers 44% 42% receivables. Vendor Non-Trade Receivables receivables manufacturing vendors. September 24 2022 two vendors 10% receivables 54% 13%. September 25, 2021 three vendors 52% 11% 11%. Apple.10-K September Property Plant Equipment Land buildings 22,126 20,041 Machinery software 81,060 78,659 improvements 11,271 property equipment 114,457,723 depreciation amortization 42,117 39,440 Liabilities taxes 16,657 24,689 liabilities 32,485 28,636" | |
| } | |
| { | |
| "_id": "d4aa099d8", | |
| "title": "", | |
| "text": ". Certificate Registrant February 23, 2016,\n 2021. 300% 2018. 700% 2019\n. 250% 2021. 850% 2023. 250% 2026\n. 500% 2036. 650% 2046.\n. Supplement. Certificate March\n 24 2016.\n. Certificate August 4 2016,\n Floating Rate 2019." | |
| } | |
| { | |
| "_id": "d4aa0550e", | |
| "title": "", | |
| "text": "Stock Performance\n graph shareholder return dividend\n Company S&P 500 Index S&P Information Technology Index Dow Jones.\n five years September 24 2022. $100 invested\n 500.\n September 29, 2017. Past not future\n.\n 5-YEAR RETURN Apple Inc. S&P 500 Index&P Technology Index.\n $100 invested September 29, 2017 dividends. last day\n year stock 30th indexes.\n Standard & Poor’s S.\n S&P Dow Jones Indices S&P.\n Apple Inc. 149 146 303 400 411\n S&P 500 Index 118 123 142 184\n S&P Information Technology Index 131 143 210 271\n Dow Jones. Technology Supersector Index 283\n.\n Apple. 10-K" | |
| } | |
| { | |
| "_id": "d4aa19d7e", | |
| "title": "", | |
| "text": ". Operating income excludes outside. marketing share compensation taxes nonrecurring charges costs. intercompany transfers. sales products services 2022 2021 2020 iPhone $ 205,489 $ 191,973 $ 137,781 Mac 40,177 35,190 28,622 iPad 29,292 31,862 23,724 Wearables Home Accessories 41,241 38,367 30,620 Services 78,129 68,425 53,768 sales $,328 $ 365,817 $ 274,515 Products software rights. Wearables Home Accessories AirPods Apple TV Watch Beats HomePod mini. Services advertising AppleCare cloud digital content payment. deferred. Includes $7. 5 billion 2022 $6. 7 billion $5. 0 billion. net sales consistent except Greater China iPhone. September 24 2022 25 2021 deferred revenue $12. 4 billion $11.billion. September 24 2022 expects 64% deferred revenue 27% 7%-three 2% three. Apple. 2022 Form 10-K Note 3 Financial Instruments Cash Equivalents Marketable Securities tables cash equivalents securities September 24 2022 25 2021 Cost Gains Losses 18,546 1 Money market funds 2,929 Mutual funds 274 3,203. Treasury securities 25,134 23,409 5,091 17,980. agency securities 5,168.securities 16,948 15,749 8,806 6,943 Certificates 2,067 Commercial paper Corporate securities 87,148 79,450 9,023 70,427 Municipal securities 266 620 Mortgage securities 22,553 19,960 161,312 147,407 24,431 120,805 183,061 Gains Losses Equivalents 17,305 Money funds Mutual funds Equity securities 1,527. Treasury securities 22,878 22,903 3,596 6,625 12,682. securities 8,949 1,775 1,930 5,182.20,201 211,311 3,091 16,830 Certificates 1,300 Commercial paper 2,639 1,776 863 Corporate 83,883 1,242 (267) 84,858 12,327 72,531 Municipal securities 851 Mortgage securities 20,529,576 19,801 162,873 1,742 (1,197) 8,027 27,514 127,877 189,961 1,753 190,516 34,940 27,699 127,877 Level 1. Level 2" | |
| } | |
| { | |
| "_id": "d4aa05ebe", | |
| "title": "", | |
| "text": "obligations internet.\n 24 2022 obligations $17. 8 billion $6. 8 billion payable 12 months.\n Tax. Tax Cuts Jobs Act\n $22. billion $5. 3 billion 12 months.\n capital return program Directors.\n shares.\n quarterly dividend $0. 23 per share. increase dividend" | |
| } | |
| { | |
| "_id": "d4aa095be", | |
| "title": "", | |
| "text": "9B.\n Rule 10b5-1 Trading Plans\n 24 2022. Adams Timothy. Cook Luca Maestri Deirdre O’Brien\n Jeffrey Williams Exchange Act equity trading plans\n Rule 10b5-1. plan\n purchases stock\n.\n 9C. Foreign Jurisdictions\n.\n 10. Directors Officers Corporate Governance\n" | |
| } | |
| { | |
| "_id": "d4aa007c0", | |
| "title": "", | |
| "text": ". operations\n global regional economic conditions.\n Adverse conditions inflation growth tariffs barriers\n trade fiscal policy tighter credit interest rates unemployment currency fluctuations\n consumer confidence spending demand products\n.\n volatility negative news real estate mortgage income\n energy shortages cost increases labor healthcare costs factors.\n uncertainty\n conditions suppliers" | |
| } | |
| { | |
| "_id": "d4a9fff3c", | |
| "title": "", | |
| "text": "Apple.\n 10-K\n Fiscal Year 24 2022\n. Business\n. Risk Factors\n. Staff Comments\n. Properties\n. Legal Proceedings\n. Safety Disclosures\n. Equity Stockholder Matters Purchases Equity\n.\n. Financial Condition Results Operations\n. Market Risk\n. Financial Statements Data\n. Financial Disclosure\n. Controls Procedures\n." | |
| } | |
| { | |
| "_id": "d4aa01cf6", | |
| "title": "", | |
| "text": "culture reputation operational flexibility.\n Company believes culture success.\n culture retain employees\n business reputation\n financial condition.\n depends on performance carriers wholesalers retailers resellers.\n distributes products services through carriers wholesalers retailers\n resellers. sells\n resells third-party products consumers businesses\n education enterprise government customers" | |
| } | |
| { | |
| "_id": "d4aa06030", | |
| "title": "", | |
| "text": "Board Directors repurchase program obligate\n shares. growth profitability\n dividends repurchases stock decline\n investor confidence employee retention.\n. Unresolved Staff Comments\n None.\n. Properties\n headquarters Cupertino California. September 24, 2022 leased\n facilities land corporate R&D data centers retail.\n. facilities\n" | |
| } | |
| { | |
| "_id": "d4aa08fa6", | |
| "title": "", | |
| "text": "Addressed\n Matter tested controls uncertain tax positions\n assessment\n benefit\n disclosures.\n Apple.\n audit procedures\n assumptions analysis. communications\n taxing authorities\n. involved tax resources assessing merits\n. positions tax laws\n experience. received\n legal counsel confirmation letters discussed advisors\n Apple. tax personnel. evaluated Apple. disclosure\n Note 5 financial statements.\n Ernst Young Apple Inc. auditor since 2009.\n San Jose California\n October 27, 2022\n. Form 10-K 51" | |
| } | |
| { | |
| "_id": "d4aa07db8", | |
| "title": "", | |
| "text": "liabilities 2,400\n revenue 5,742\n losses 2,913\n carryforwards 1,596 27,624 25,229\n,094 1,983 4,318\n-use 2,163\n gains 942\n 5,557 7,253\n 14,537" | |
| } | |
| { | |
| "_id": "d4aa10cc4", | |
| "title": "", | |
| "text": "Exhibit 31.\n CERTIFICATION\n Luca Maestri certify\n. reviewed annual report Form 10-K Apple Inc.\n. report untrue statement\n misleading period\n. financial statements information present\n financial condition results operations cash flows Registrant periods\n. Registrant’s certifying officer(s I responsible disclosure controls\n procedures Exchange Act" | |
| } | |
| { | |
| "_id": "d4aa068fa", | |
| "title": "", | |
| "text": ".\n 23,646 34,940\n securities 24,658\n 28,184\n Inventories\n receivables 32,748 25\n 21,223 14,111\n 135,405 134,836\n securities 120,805 127,877\n Property 42,117 39,440\n 54,428" | |
| } | |
| { | |
| "_id": "d4aa10922", | |
| "title": "", | |
| "text": ".\n" | |
| } | |
| { | |
| "_id": "d4aa01620", | |
| "title": "", | |
| "text": "new products utilize custom components one source.\n new technologies capacity constraints exist until suppliers’ yields manufacturing\n capacities increased. availability components at prices\n suppliers production common components\n customized. supply\n delayed outsourcing partner delayed shipments\n business operations financial condition affected future delays\n affect. business\n financial performance" | |
| } | |
| { | |
| "_id": "d4aa0839e", | |
| "title": "", | |
| "text": "\n Commercial Paper Repurchase Agreements\n Company issues unsecured notes.\n uses proceeds dividends\n repurchases. $10. billion $6. billion\n Paper maturities less nine months.-average interest rate\n 2. 31%. 06%.\n cash flows issuance maturities Paper\n 2022 2021 2020" | |
| } | |
| { | |
| "_id": "d4aa0822c", | |
| "title": "", | |
| "text": "\n lease liabilities 12,411 11,803\n September 24 2022\n 2023 1,758\n 2024 2025\n 2027 5,080\n liabilities 12,782 1,354 14,136\n Imputed interest,312) 11,470 12,411\n" | |
| } | |
| { | |
| "_id": "d4aa05be4", | |
| "title": "", | |
| "text": "\n gross margins products services vary change.\n volatility due\n pricing pressures increased\n competition demand compressed product\n life cycles supply shortages cost components\n quality warranty costs\n shifts services geographic currency channel mix\n changes fluctuations foreign exchange rates\n inflation macroeconomic pressures introduction new products\n.\n financial condition.\n higher net sales first quarter due\n seasonal holiday demand. new product service introductions impact net sales cost\n operating expenses. generates net sales from single product\n decline demand impact net sales. subject\n unexpected developments lower-anticipated demand issues\n introductions technology failures network disruptions failure\n logistics supply manufacturing partners.\n Apple Inc. 2022 Form 10-K" | |
| } | |
| { | |
| "_id": "d4aa093e8", | |
| "title": "", | |
| "text": "company’s internal control over financial reporting assurance\n reliability financial reporting preparation financial statements.\n accounting principles. includes policies\n procedures maintenance records transactions\n dispositions assets assurance transactions recorded\n preparation financial statements. accounting principles receipts\n expenditures authorizations management directors\n prevention unauthorized acquisition use\n disposition" | |
| } | |
| { | |
| "_id": "d4aa08664", | |
| "title": "", | |
| "text": "Director Plan\n approval. RSUs granted reduce shares\n two times. expires November 12, 2027. RSUs granted\n entitled subject same vesting terms conditions\n RSUs. 45 million shares authorized issuance\n amended November 9, 2021.\n Employee Stock Purchase Plan\n shareholder-approved\n employees purchase common stock price 85%\n" | |
| } | |
| { | |
| "_id": "d4aa087cc", | |
| "title": "", | |
| "text": "$18. billion $19. $10. 8 billion 2022 2021\n. RSUs net settled\n withheld shares\n remitted cash authorities. shares withheld 41 million 53 million 56\n million based vesting\n closing stock price. payments $6.\n billion $6. 8 billion $3. 9 billion 2022.\n Apple." | |
| } | |
| { | |
| "_id": "d4aa0b6fc", | |
| "title": "", | |
| "text": "Comparable Government Bond Rate calculation\n 2022 2024 2026 2027\n investment bank German government bond maturity closest Notes\n similar bond not\n issue other German government bond advice three\n brokers bonds\n Comparable Government Bond Rate.\n Government\n 3. 050% 2029 Notes 2042 Notes\n United Kingdom government bond maturity" | |
| } | |
| { | |
| "_id": "d4aa0a40a", | |
| "title": "", | |
| "text": "meeting shareholders nominate\n candidates directors provide notice\n specify requirements form content shareholder’s notice\n Rule 14a-19 Exchange Act\n shareholder 20 owned\n three years shares Common Stock 3%\n shares nominate proxy materials\n director nominees 20% Board Directors\n satisfy Bylaws\n cumulative voting rights\n" | |
| } | |
| { | |
| "_id": "d4aa04e60", | |
| "title": "", | |
| "text": "Tax Positions\n September 24 2022 unrecognized $16. 8 billion $8. billion\n tax rate. September 25 2021\n $15. 5 billion $6. billion tax rate.\n change tax benefits 2022 2021\n 2020\n $ 15,477 16,475 15,619\n Increases 2,284 816\n Decreases" | |
| } | |
| { | |
| "_id": "d4aa01a12", | |
| "title": "", | |
| "text": "future performance depends on support third-party software developers.\n decisions hardware products depend on availability third-party\n applications services. no third-party developers\n. If third cease\n customers may not buy.\n availability third-party software depends on\n developers’ perception benefits developing maintaining upgrading\n Android Windows\n PlayStation Nintendo Xbox" | |
| } | |
| { | |
| "_id": "d4aa075a2", | |
| "title": "", | |
| "text": "3 Financial Instruments\n Cash Equivalents Marketable Securities\n tables show cash equivalents marketable securities investment category\n September 24 2022 25 2021\n Adjusted GainsUnrealized 18,546\n Level 1\n Money market funds,929\n Mutual funds\n 3,203\n Level 2\n. Treasury securities 25,134 23,409 338 5,091 17,980\n. securities 5,168\n Non. government securities 16,948 15,749 8,806\n Certificates deposit deposits 2,067\n Commercial 718\n Corporate debt securities,148,450\n Municipal securities\n Mortgage-backed securities 22,553 19,960\n Subtotal 161,312 24,431\n 183,061\n 17,305" | |
| } | |
| { | |
| "_id": "d4aa01440", | |
| "title": "", | |
| "text": "Business Risks\n competitive stimulate demand Company manage introductions\n transitions of products services.\n volatile markets\n introduce new products services enhance\n stimulate demand manage transition\n. success introductions depends on factors\n timely development market acceptance risks\n production application software management\n purchase commitments inventory levels demand availability\n quantities costs" | |
| } | |
| { | |
| "_id": "d4aa0abd0", | |
| "title": "", | |
| "text": "Additional Amounts\n Notes state payments principal interest\n free without deduction withholding present future taxes duties\n assessments governmental charges required United\n States subdivision taxing authority unless\n required by law.\n Notes contain covenant similar\n Company exceptions pay additional interest\n Notes amounts necessary net payment\n paying agent principal\n interest holder" | |
| } | |
| { | |
| "_id": "d4aa01b7a", | |
| "title": "", | |
| "text": "Company license distribute content. owners providers distributors\n limit access increase cost. offer\n content reasonable prices usage rules.\n Company produces digital content costly competition\n appeal customers. COVID-19 pandemic\n restrictions production costs.\n third-party providers require rights management security solutions.\n requirements change develop license new technology.\n solutions reasonable cost" | |
| } | |