cik stringclasses 1
value | date stringlengths 8 8 | form stringclasses 4
values | sentenceCount int64 0 2.33k | sentence stringlengths 2 5.25k | filename stringlengths 40 40 |
|---|---|---|---|---|---|
0000320193 | 20181105 | 10-K | 371 | The Company may be subject to information technology system failures or network disruptions caused by natural disasters, accidents, power disruptions, telecommunications failures, acts of terrorism or war, computer viruses, physical or electronic break-ins, or other events or disruptions. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 372 | System redundancy and other continuity measures may be ineffective or inadequate, and the Company’s business continuity and disaster recovery planning may not be sufficient for all eventualities. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 373 | Such failures or disruptions could adversely impact the Company’s business by, among other things, preventing access to the Company’s online services, interfering with customer transactions or impeding the manufacturing and shipping of the Company’s products. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 374 | These events could materially adversely affect the Company’s reputation, financial condition and operating results. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 375 | There may be losses or unauthorized access to or releases of confidential information, including personally identifiable information, that could subject the Company to significant reputational, financial, legal and operational consequences. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 376 | The Company’s business requires it to use and store confidential information including, among other things, personally identifiable information (“PII”) with respect to the Company’s customers and employees. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 377 | The Company devotes significant resources to network and data security, including through the use of encryption and other security measures intended to protect its systems and data. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 378 | But these measures cannot provide absolute security, and losses or unauthorized access to or releases of confidential information occur and could materially adversely affect the Company’s reputation, financial condition and operating results. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 379 | The Company’s business also requires it to share confidential information with suppliers and other third parties. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 380 | Although the Company takes steps to secure confidential information that is provided to third parties, such measures are not always effective and losses or unauthorized access to or releases of confidential information occur and could materially adversely affect the Company’s reputation, financial condition and operati... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 381 | For example, the Company may experience a security breach impacting the Company’s information technology systems that compromises the confidentiality, integrity or availability of confidential information. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 382 | Such an incident could, among other things, impair the Company’s ability to attract and retain customers for its products and services, impact the Company’s stock price, materially damage supplier relationships, and expose the Company to litigation or government investigations, which could result in penalties, fines or... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 383 | Although malicious attacks perpetrated to gain access to confidential information, including PII, affect many companies across various industries, the Company is at a relatively greater risk of being targeted because of its high profile and the value of the confidential information it creates, owns, manages, stores and... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 384 | The Company has implemented systems and processes intended to secure its information technology systems and prevent unauthorized access to or loss of sensitive data, including through the use of encryption and authentication technologies. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 385 | As with all companies, these security measures may not be sufficient for all eventualities and may be vulnerable to hacking, employee error, malfeasance, system error, faulty password management or other irregularities. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 386 | For example, third parties attempt to fraudulently induce employees or customers into disclosing user names, passwords or other sensitive information, which may in turn be used to access the Company’s information technology systems. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 387 | To help protect customers and the Company, the Company monitors its services and systems for unusual activity and may freeze accounts under suspicious circumstances, which, among other things, may result in the delay or loss of customer orders or impede customer access to the Company’s products and services. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 388 | In addition to the risks relating to general confidential information described above, the Company may also be subject to specific obligations relating to health data and payment card data. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 389 | Health data may be subject to additional privacy, security and breach notification requirements, and the Company may be subject to audit by governmental authorities regarding the Company’s compliance with these obligations. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 390 | If the Company fails to adequately comply with these rules and requirements, or if health data is handled in a manner not permitted by law or under the Company’s agreements with healthcare institutions, the Company could be subject to litigation or government investigations, may be liable for associated investigatory e... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 391 | Apple Inc. | 2018 Form 10-K | 14
Under payment card rules and obligations, if cardholder information is potentially compromised, the Company could be liable for associated investigatory expenses and could also incur significant fees or fines if the Company fails to follow payment card industry data security standards. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 392 | The Company could also experience a significant increase in payment card transaction costs or lose the ability to process payment cards if it fails to follow payment card industry data security standards, which would materially adversely affect the Company’s reputation, financial condition and operating results. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 393 | While the Company maintains insurance coverage that is intended to address certain aspects of data security risks, such insurance coverage may be insufficient to cover all losses or all types of claims that may arise. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 394 | The Company’s business is subject to a variety of U.S. and international laws, rules, policies and other obligations regarding data protection. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 395 | The Company is subject to federal, state and international laws relating to the collection, use, retention, security and transfer of PII. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 396 | In many cases, these laws apply not only to third-party transactions, but also may restrict transfers of PII among the Company and its international subsidiaries. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 397 | Several jurisdictions have passed laws in this area, and other jurisdictions are considering imposing additional restrictions. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 398 | These laws continue to develop and may be inconsistent from jurisdiction to jurisdiction. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 399 | Complying with emerging and changing international requirements may cause the Company to incur substantial costs or require the Company to change its business practices. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 400 | Noncompliance could result in significant penalties or legal liability. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 401 | The Company makes statements about its use and disclosure of PII through its privacy policy, information provided on its website and press statements. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 402 | Any failure by the Company to comply with these public statements or with other federal, state or international privacy-related or data protection laws and regulations could result in proceedings against the Company by governmental entities or others. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 403 | In addition to reputational impacts, penalties could include ongoing audit requirements and significant legal liability. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 404 | The Company’s success depends largely on the continued service and availability of key personnel. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 405 | Much of the Company’s future success depends on the continued availability and service of key personnel, including its Chief Executive Officer, executive team and other highly skilled employees. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 406 | Experienced personnel in the technology industry are in high demand and competition for their talents is intense, especially in Silicon Valley, where most of the Company’s key personnel are located. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 407 | The Company’s business may be impacted by political events, international trade disputes, war, terrorism, natural disasters, public health issues, industrial accidents and other business interruptions. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 408 | Political events, international trade disputes, war, terrorism, natural disasters, public health issues, industrial accidents and other business interruptions could harm or disrupt international commerce and the global economy, and could have a material adverse effect on the Company and its customers, suppliers, contra... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 409 | International trade disputes could result in tariffs and other protectionist measures that could adversely affect the Company’s business. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 410 | Tariffs could increase the cost of the Company’s products and the components and raw materials that go into making them. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 411 | These increased costs could adversely impact the gross margin that the Company earns on its products. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 412 | Tariffs could also make the Company’s products more expensive for customers, which could make the Company’s products less competitive and reduce consumer demand. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 413 | Countries may also adopt other protectionist measures that could limit the Company’s ability to offer its products and services. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 414 | Political uncertainty surrounding international trade disputes and protectionist measures could also have a negative effect on consumer confidence and spending, which could adversely affect the Company’s business. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 415 | Many of the Company’s operations and facilities as well as critical business operations of the Company’s suppliers and contract manufacturers are in locations that are prone to earthquakes and other natural disasters. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 416 | In addition, such operations and facilities are subject to the risk of interruption by fire, power shortages, nuclear power plant accidents and other industrial accidents, terrorist attacks and other hostile acts, labor disputes, public health issues and other events beyond the Company’s control. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 417 | Global climate change could result in certain types of natural disasters occurring more frequently or with more intense effects. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 418 | Such events could make it difficult or impossible for the Company to manufacture and deliver products to its customers, create delays and inefficiencies in the Company’s supply and manufacturing chain, and result in slowdowns and outages to the Company’s service offerings. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 419 | Following an interruption to its business, the Company could require substantial recovery time, experience significant expenditures in order to resume operations, and lose significant revenue. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 420 | Because the Company relies on single or limited sources for the supply and manufacture of many critical components, a business interruption affecting such sources would exacerbate any negative consequences to the Company. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 421 | Apple Inc. | 2018 Form 10-K | 15
The Company’s operations are also subject to the risks of industrial accidents at its suppliers and contract manufacturers. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 422 | While the Company’s suppliers are required to maintain safe working environments and operations, an industrial accident could occur and could result in disruption to the Company’s business and harm to the Company’s reputation. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 423 | Should major public health issues, including pandemics, arise, the Company could be adversely affected by more stringent employee travel restrictions, additional limitations in freight services, governmental actions limiting the movement of products between regions, delays in production ramps of new products and disrup... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 424 | The Company expects its quarterly revenue and operating results to fluctuate. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 425 | The Company’s profit margins vary across its products, services, geographic segments and distribution channels. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 426 | For example, gross margins on the Company’s hardware products vary across product lines and can change over time as a result of product transitions, pricing and configuration changes, and component, warranty and other cost fluctuations. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 427 | The Company’s financial results may be materially adversely impacted as a result of shifts in the mix of products and services that the Company sells; shifts in the geographic, currency or channel mix of the Company’s sales; component cost increases; price competition; or the introduction of new products, including new... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 428 | The Company has typically experienced higher net sales in its first quarter compared to other quarters due in part to seasonal holiday demand. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 429 | Additionally, new product introductions can significantly impact net sales, product costs and operating expenses. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 430 | Further, the Company generates a majority of its net sales from a single product and a decline in demand for that product could significantly impact quarterly net sales. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 431 | The Company could also be subject to unexpected developments, such as lower-than-anticipated demand for the Company’s products, issues with new product introductions, information technology system failures or network disruptions, or failure of one of the Company’s logistics, components supply, or manufacturing partners... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 432 | The Company’s stock price is subject to volatility. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 433 | The Company’s stock price has experienced substantial price volatility in the past and may continue to do so in the future. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 434 | Additionally, the Company, the technology industry and the stock market as a whole have experienced extreme stock price and volume fluctuations that have affected stock prices in ways that may have been unrelated to these companies’ operating performance. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 435 | Price volatility over a given period may cause the average price at which the Company repurchases its own stock to exceed the stock’s price at a given point in time. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 436 | The Company believes its stock price should reflect expectations of future growth and profitability. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 437 | The Company also believes its stock price should reflect expectations that its cash dividend will continue at current levels or grow and that its current share repurchase program will be fully consummated. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 438 | Future dividends are subject to declaration by the Company’s Board of Directors, and the Company’s share repurchase program does not obligate it to acquire any specific number of shares. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 439 | If the Company fails to meet expectations related to future growth, profitability, dividends, share repurchases or other market expectations, its stock price may decline significantly, which could have a material adverse impact on investor confidence and employee retention. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 440 | The Company’s financial performance is subject to risks associated with changes in the value of the U.S. dollar relative to local currencies. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 441 | The Company’s primary exposure to movements in foreign currency exchange rates relates to non-U.S. dollar-denominated sales and operating expenses worldwide. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 442 | Gross margins on the Company’s products in foreign countries and on products that include components obtained from foreign suppliers could be materially adversely affected by foreign currency exchange rate fluctuations. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 443 | Weakening of foreign currencies relative to the U.S. dollar adversely affects the U.S. dollar value of the Company’s foreign currency-denominated sales and earnings, and generally leads the Company to raise international pricing, potentially reducing demand for the Company’s products. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 444 | In some circumstances, for competitive or other reasons, the Company may decide not to raise international pricing to offset the U.S. dollar’s strengthening, which would adversely affect the U.S. dollar value of the gross margins the Company earns on foreign currency-denominated sales. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 445 | Conversely, a strengthening of foreign currencies relative to the U.S. dollar, while generally beneficial to the Company’s foreign currency-denominated sales and earnings, could cause the Company to reduce international pricing and incur losses on its foreign currency derivative instruments, thereby limiting the benefi... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 446 | Additionally, strengthening of foreign currencies may increase the Company’s cost of product components denominated in those currencies, thus adversely affecting gross margins. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 447 | The Company uses derivative instruments, such as foreign currency forward and option contracts, to hedge certain exposures to fluctuations in foreign currency exchange rates. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 448 | The use of such hedging activities may not be effective to offset any, or more than a portion, of the adverse financial effects of unfavorable movements in foreign exchange rates over the limited time the hedges are in place. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 449 | Apple Inc. | 2018 Form 10-K | 16
The Company is exposed to credit risk and fluctuations in the market values of its investment portfolio. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 450 | The Company’s investments can be negatively affected by liquidity, credit deterioration, financial results, market and economic conditions, political risk, sovereign risk, interest rate fluctuations or other factors. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 451 | As a result, the value and liquidity of the Company’s cash, cash equivalents and marketable securities may fluctuate substantially. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 452 | Therefore, although the Company has not realized any significant losses on its cash, cash equivalents and marketable securities, future fluctuations in their value could result in significant realized losses and could have a material adverse impact on the Company’s financial condition and operating results. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 453 | The Company is exposed to credit risk on its trade accounts receivable, vendor non-trade receivables and prepayments related to long-term supply agreements, and this risk is heightened during periods when economic conditions worsen. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 454 | The Company distributes its products through third-party cellular network carriers, wholesalers, retailers and resellers. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 455 | The Company also sells its products directly to small and mid-sized businesses and education, enterprise and government customers. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 456 | A substantial majority of the Company’s outstanding trade receivables are not covered by collateral, third-party bank support or financing arrangements, or credit insurance. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 457 | The Company’s exposure to credit and collectibility risk on its trade receivables is higher in certain international markets and its ability to mitigate such risks may be limited. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 458 | The Company also has unsecured vendor non-trade receivables resulting from purchases of components by outsourcing partners and other vendors that manufacture sub-assemblies or assemble final products for the Company. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 459 | In addition, the Company has made prepayments associated with long-term supply agreements to secure supply of inventory components. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 460 | As of September 29, 2018, a significant portion of the Company’s trade receivables was concentrated within cellular network carriers, and its vendor non-trade receivables and prepayments related to long-term supply agreements were concentrated among a few individual vendors located primarily in Asia. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 461 | While the Company has procedures to monitor and limit exposure to credit risk on its trade and vendor non-trade receivables, as well as long-term prepayments, there can be no assurance such procedures will effectively limit its credit risk and avoid losses. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 462 | The Company could be subject to changes in its tax rates, the adoption of new U.S. or international tax legislation or exposure to additional tax liabilities. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 463 | The Company is subject to taxes in the U.S. and numerous foreign jurisdictions, including Ireland, where a number of the Company’s subsidiaries are organized. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 464 | Due to economic and political conditions, tax rates in various jurisdictions may be subject to significant change. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 465 | The Company’s effective tax rates could be affected by changes in the mix of earnings in countries with differing statutory tax rates, changes in the valuation of deferred tax assets and liabilities, or changes in tax laws or their interpretation, including in the U.S. and Ireland. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 466 | The Company is also subject to the examination of its tax returns and other tax matters by the U.S. Internal Revenue Service (the “IRS”) and other tax authorities and governmental bodies. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 467 | The Company regularly assesses the likelihood of an adverse outcome resulting from these examinations to determine the adequacy of its provision for taxes. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 468 | There can be no assurance as to the outcome of these examinations. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 469 | If the Company’s effective tax rates were to increase, particularly in the U.S. or Ireland, or if the ultimate determination of the Company’s taxes owed is for an amount in excess of amounts previously accrued, the Company’s financial condition, operating results and cash flows could be materially adversely affected. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 470 | Item 1B. | 0000320193-18-000145/full-submission.txt |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.