cik stringclasses 1
value | date stringlengths 8 8 | form stringclasses 4
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0000320193 | 20031219 | 10-K | 1,752 | These amounts were insignificant in fiscal 2001. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,753 | Third, a portion of the operating expenses associated with certain high profile retail stores are allocated from the Retail segment to corporate marketing expense. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,754 | Allocation of these expenses reflects the unique nature of these stores which, given their larger size and extraordinary design elements, function as vehicles for general corporate marketing, corporate sales and marketing events, and brand awareness. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,755 | Allocated operating costs are those in excess of operating costs incurred by one of the Company's more typical retail locations. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,756 | Stores were open in three such high profile locations in New York, Los Angeles, and Chicago as of September 27, 2003. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,757 | Expenses allocated to corporate marketing resulting from the operations of these three stores were $6 million and $1 million in fiscal 2003 and 2002, respectively. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,758 | Summary information by operating segment follows (in millions):
(a)The Americas asset figures do not include fixed assets held in the United States. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,759 | Such fixed assets are not allocated specifically to the Americas segment and are included in the corporate assets figures below. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,760 | (b)Retail segment depreciation and asset figures reflect the cost and related depreciation of its retail stores and related infrastructure. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,761 | Retail store construction-in-progress, which is not subject to depreciation, is reflected in corporate assets. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,762 | (c)Other Segments consists of Asia-Pacific and FileMaker. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,763 | Certain amounts in prior fiscal periods related to recent acquisitions and Internet services have been reclassified from Other Segments to the Americas segment to conform to the 2003 presentation. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,764 | A reconciliation of the Company's segment operating income and assets to the consolidated financial statements follows (in millions):
A large portion of the Company's net sales is derived from its international operations. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,765 | Also, a majority of the raw materials used in the Company's products is obtained from sources outside of the United States, and a majority of the products sold by the Company is assembled internationally in the Company's facility in Cork, Ireland or by third-party vendors in Taiwan, Korea, the Netherlands, the People's... | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,766 | As a result, the Company is subject to risks associated with foreign operations, such as obtaining governmental permits and approvals, currency exchange fluctuations, currency restrictions, political instability, labor problems, trade restrictions, and changes in tariff and freight charges. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,767 | No single customer accounted for more than 10% of net sales in 2003, 2002 or 2001. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,768 | Net sales and long-lived assets related to operations in the United States, Japan, and other foreign countries are as follows (in millions):
Information regarding net sales by product is as follows (in millions):
(a)Power Macintosh figures include server sales. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,769 | (b)Net sales of peripherals and other hardware include sales of iPod, Apple-branded and third-party displays, and other hardware accessories. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,770 | (c)Net sales of software include sales of Apple-branded operating system and application software and sales of third-party software. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,771 | Note 12-Related Party Transactions and Certain Other Transactions
During the first quarter of 2000, the Company's Board of Directors approved a special executive bonus for the Company's Chief Executive Officer for past services in the form of an aircraft with a total cost to the Company of approximately $90 million, th... | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,772 | Approximately half of the total charge was for the cost of the aircraft. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,773 | The other half represented all other costs and taxes associated with the bonus. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,774 | In the fourth quarter of 2002, all significant work and payments associated with the aircraft were completed. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,775 | Of the original $90 million accrual, $2.4 million remained unspent at the end of fiscal 2002 and was reversed. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,776 | In March 2002, the Company entered into a Reimbursement Agreement with its Chief Executive Officer, Mr. Steven P. Jobs, for the reimbursement of expenses incurred by Mr. Jobs in the operation of his private plane when used for Apple business. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,777 | The Reimbursement Agreement is effective for expenses incurred by Mr. Jobs for Apple business purposes since he took delivery of the plane in May 2001. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,778 | The Company recognized a total of $404,000 in expenses pursuant to the Reimbursement Agreement during fiscal 2003. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,779 | For fiscal 2002, the Company recognized a total of $1,168,000 in expenses pursuant to the Reimbursement Agreement related to expenses incurred by Mr. Jobs during 2001 and 2002. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,780 | All expenses recognized pursuant to the Reimbursement Agreement have been included by the Company in selling, general, and administrative expenses. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,781 | In connection with a relocation assistance package, the Company loaned Mr. Ronald B. Johnson, Senior Vice President, Retail, $1.5 million for the purchase of his principal residence. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,782 | The loan is secured by a deed of trust and is due and payable in May 2004. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,783 | Under the terms of the loan, Mr. Johnson agreed that should he exercise any of his stock options prior to the due date of the loan, he would pay the Company an amount equal to the lesser of (1) an amount equal to 50% of the total net gain realized from the exercise
of the options; or (2) $375,000 multiplied by the numb... | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,784 | Mr. Johnson repaid $750,000 of this loan in fiscal 2003. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,785 | The remaining $750,000 is due and payable in May 2004. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,786 | Mr. Jerome York, a member of the Board of Directors of the Company, is a member of an investment group that purchased MicroWarehouse, Inc. (MicroWarehouse) in January 2000. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,787 | Until September 7, 2003, he also served as its Chairman, President and Chief Executive Officer. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,788 | MicroWarehouse is a reseller of computer hardware, software and peripheral products, including products made by the Company. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,789 | On September 8, 2003, CDW Corporation (CDW), acquired selected North American assets of MicroWarehouse. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,790 | MicroWarehouse subsequently filed for Chapter 11 bankruptcy protection in the United States. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,791 | MicroWarehouse accounted for 2.4%, 3.3%, and 2.9% of the Company's net sales in fiscal 2003, 2002 and 2001, respectively. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,792 | Trade receivables from MicroWarehouse were $9.9 million and $20.9 million as of September 27, 2003, and September 28, 2002, respectively. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,793 | The Company has provided what it believes to be an adequate allowance on the outstanding receivable based on the Company's secured interest position in selected MicroWarehouse assets and the expected payments to unsecured creditors. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,794 | Sales to MicroWarehouse and related trade receivables were generally subject to the same terms and conditions as those with the Company's other resellers. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,795 | In addition, the Company purchases miscellaneous equipment and supplies from MicroWarehouse. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,796 | Total purchases amounted to approximately $2.3 million, $2.9 million, and $3.4 million in fiscal 2003, 2002, and 2001, respectively. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,797 | Note 13-Selected Quarterly Financial Information (Unaudited)
Basic and diluted earnings (loss) per share are computed independently for each of the quarters presented. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,798 | Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings (loss) per share. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,799 | Net income during the fourth and third quarters of 2003 included after-tax net gains related to non-current investments of $5 million and $1 million, respectively. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,800 | Net income for the fourth quarter also included settlement of the Company's forward purchase agreement resulting in a gain of $6 million and a favorable cumulative-effect type adjustment related to the adoption of SFAS 150 of $3 million. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,801 | Net income (loss)
during the second and first quarters of 2003 included restructuring charges, net of tax, of $2 million and $18 million, respectively. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,802 | Net loss for the first quarter of 2003 included an after-tax unfavorable cumulative-effect type adjustment for the adoption of SFAS No.143 of $2 million. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,803 | Net loss for the fourth quarter of 2002 included the following items, net of tax: the write-down of certain equity investments totaling $49 million; a restructuring charge of $4 million; an in-process research and development charge of approximately $1 million; and the reversal of a portion of a previous executive comp... | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,804 | Net income for the first quarter of 2002 included a restructuring charge, net of tax, of $18 million. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,805 | Net income during the first quarter of 2002 also included gains, net of tax, of $17 million related to non-current investments. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,806 | REPORT OF INDEPENDENT AUDITORS
The Board of Directors and Shareholders
Apple Computer, Inc.:
We have audited the accompanying consolidated balance sheets of Apple Computer, Inc. and subsidiaries as of September 27, 2003 and September 28, 2002, and the related consolidated statements of operations, shareholders' equity,... | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,807 | These consolidated financial statements are the responsibility of the Company's management. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,808 | Our responsibility is to express an opinion on these consolidated financial statements based on our audits. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,809 | We conducted our audits in accordance with auditing standards generally accepted in the United States of America. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,810 | Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,811 | An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,812 | An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,813 | We believe that our audits provide a reasonable basis for our opinion. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,814 | In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Apple Computer, Inc. and subsidiaries as of September 27, 2003 and September 28, 2002, and the results of their operations and their cash flows for each of the years in the three-y... | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,815 | As discussed in Note 1 to the consolidated financial statements, the Company changed its method of accounting for asset retirement obligations and for financial instruments with characteristics of both liabilities and equity in 2003, changed its method of accounting for goodwill in 2002, and changed its method of accou... | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,816 | /s/ KPMG LLP
Mountain View, California
October 14, 2003
Item 9. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,817 | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Not applicable. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,818 | Item 9A. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,819 | Controls and Procedures
Based on an evaluation under the supervision and with the participation of the Company's management, the Company's principal executive officer and principal financial officer have concluded that the Company's disclosure controls and procedures (as defined in Rules 13a-14(c) and 15d-14(c) under t... | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,820 | There were no significant changes in the Company's internal control over financial reporting identified in management's evaluation during the fourth quarter of fiscal 2003 that have materially affected or are reasonably likely to materially affect the Company's internal control over financial reporting. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,821 | PART III
Item 10. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,822 | Directors and Executive Officers of the Registrant
Directors
Listed below are the Company's six directors whose terms expire at the next annual meeting of shareholders. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,823 | William V. Campbell has been Chairman of the Board of Directors of Intuit, Inc. ("Intuit") since August 1998. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,824 | From September 1999 to January 2000, Mr. Campbell acted as Chief Executive Officer of Intuit. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,825 | From April 1994 to August 1998, Mr. Campbell was President and Chief Executive Officer and a director of Intuit. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,826 | From January 1991 to December 1993, Mr. Campbell was President and Chief Executive Officer of GO Corporation. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,827 | Mr. Campbell also serves on the board of directors of Opsware, Inc.
Albert Gore, Jr. has served as a Senior Advisor to Google, Inc. and Vice Chairman of Metropolitan West Financial LLC since 2001. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,828 | He is a visiting professor at the University of California Los Angeles, Fisk University and Middle Tennessee State University. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,829 | Mr. Gore was inaugurated as the 45th Vice President of the United States in 1993. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,830 | He was re-elected in 1996 and served for a total of eight years as President of the Senate, a member of the cabinet and the National Security Council, and as the leader of a wide range of Administration initiatives including environmental policy, technology, science, communications and government cost reduction. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,831 | Millard S. Drexler has been Chairman and Chief Executive Officer of J. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,832 | Crew Group, Inc. since March 2003. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,833 | Previously, Mr. Drexler was Chief Executive Officer of Gap Inc. from 1995 and President from 1987 until September 2002. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,834 | Mr. Drexler was also a member of the Board of Directors of Gap Inc. from November 1983 until October 2002. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,835 | Steven P. Jobs is one of the Company's co-founders and currently serves as its Chief Executive Officer. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,836 | Mr. Jobs is also the Chairman and Chief Executive Officer of Pixar Animation Studios. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,837 | In addition, Mr. Jobs co-founded NeXT Software, Inc. ("NeXT") and served as the Chairman and Chief Executive Officer of NeXT from 1985 until 1997 when NeXT was acquired by the Company. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,838 | Arthur D. Levinson, Ph.D. has been President, Chief Executive Officer and a director of Genentech Inc. ("Genentech") since July 1995. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,839 | Dr. Levinson has been Chairman of the Board of Directors of Genentech since September 1999. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,840 | He joined Genentech in 1980 and served in a number of executive positions, including Senior Vice President of R&D from 1993 to 1995. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,841 | Jerome B. York has been Chief Executive Officer of Harwinton Capital Corporation, a private investment company which he controls, since September 2003. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,842 | From January 2000 until September 2003, Mr. York was Chairman and Chief Executive Officer of MicroWarehouse, Inc., a reseller of computer hardware, software and peripheral products. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,843 | From September 1995 to October 1999, he was Vice Chairman of Tracinda Corporation. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,844 | From May 1993 to September 1995 he was Senior Vice President and Chief Financial Officer of IBM Corporation, and served as a member of IBM's Board of Directors from January 1995 to August 1995. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,845 | Previously his career was in the automotive industry, with his last position being Executive Vice President-Finance and Chief Financial Officer and a member of the Board of Directors of Chrysler Corporation. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,846 | Mr. York is also a director of Tyco International Ltd. and Metro-Goldwyn-Mayer, Inc.
Role of the Board; Corporate Governance Matters
It is the paramount duty of the Board of Directors to oversee the Chief Executive Officer and other senior management in the competent and ethical operation of the Company on a day-to-day... | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,847 | To satisfy this duty, the directors take a proactive, focused approach to their position, and set standards to ensure that the Company is committed to business success through maintenance of the highest standards of responsibility and ethics. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,848 | Members of the Board bring to the Company a wide range of experience, knowledge and judgment. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,849 | These varied skills mean that good governance depends on far more than a "check the box" approach to standards or procedures. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,850 | The governance structure in the Company is designed to be a working structure for principled actions, effective decision-making and appropriate monitoring of both compliance and performance. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,851 | The key practices and procedures of the Board are outlined in the Corporate Governance Guidelines available on the Company's website at www.apple.com/investor. | 0001047469-03-041604/full-submission.txt |
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