The Big Picture Apple’s Annual Report

The Big Picture: APPLE’s Annual report (form 10-K)

Submission is not required

General

Why does Apple produce and publish an annual report?

Balance Sheets

1. Find the “Consolidated balance sheets”. What does the Balance Sheets report?

2. Does the Balance Sheets measure status as of a point in time or does it measure activities over a period of time?

3. What are the three basic elements of Apple’s Balance Sheets?

4. Which elements tell us about Apple’s “investing” activities and which tell us about Apple’s “financing activities”?

5. What is the Balance Sheets Equation?

Income Statements

1. Find Apple’s Income Statements. How does Apple call its Income Statements? What does the Income Statements report?

2. Does the Income Statements measure status as of a point in time or does it measure activities over a period of time?

3. What are the two basic elements of the Income Statements and how do they relate to measuring the Net Income (NI)?

Statements of Shareholders’ Equity

1. Find the “Consolidated Statements of Shareholders’ Equity”. What does the shareholders’ equity statement report?

2. Does the Statements of Shareholders’ Equity measure status as of a point in time or does it measure activities over a period of time?

3. What are the three general categories reported in Statements of Shareholders’ Equity?

4. What is the relation between the Statements of Shareholders’ Equity and the Income Statements?

Statements of Cash Flows

1. Find the “Consolidated Statements of Cash Flows”. What does this statement report?

2. Does the cash flows statement measure status as of a point in time or does it measure activities over a period of time?

3. How are cash flows categorized in the Statements of Cash Flows?

4. What is the connection between the Balance Sheets and the Statements of Cash Flows?

Management Discussion and Analysis (MD&A)

1. What does the MD&A report?...