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 |
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0000320193 | 20181105 | 10-K | 471 | Unresolved Staff Comments
None. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 472 | Apple Inc. | 2018 Form 10-K | 17
Item 2. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 473 | Properties
The Company’s headquarters are located in Cupertino, California. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 474 | As of September 29, 2018, the Company owned 16.5 million square feet and leased 24.3 million square feet of building space, primarily in the U.S. Additionally, the Company owned a total of 7,376 acres of land, primarily in the U.S.
As of September 29, 2018, the Company owned facilities and land for corporate functions,... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 475 | The Company believes its existing facilities and equipment, which are used by all reportable segments, are in good operating condition and are suitable for the conduct of its business. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 476 | The Company has invested in internal capacity and strategic relationships with outside manufacturing vendors and continues to make investments in capital equipment as needed to meet anticipated demand for its products and services. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 477 | Item 3. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 478 | Legal Proceedings
The Company is subject to legal proceedings and claims that have not been fully resolved and that have arisen in the ordinary course of business. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 479 | Except as described in Part II, Item 8 of this Form 10-K in the Notes to Consolidated Financial Statements in Note 9, “Commitments and Contingencies” under the heading “Contingencies,” in the opinion of management, there was not at least a reasonable possibility the Company may have incurred a material loss, or a mater... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 480 | The outcome of litigation is inherently uncertain. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 481 | If one or more legal matters were resolved against the Company in a reporting period for amounts in excess of management’s expectations, the Company’s financial condition and operating results for that reporting period could be materially adversely affected. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 482 | Refer to the risk factor “The Company could be impacted by unfavorable results of legal proceedings, such as being found to have infringed on intellectual property rights” in Part I, Item 1A of this Form 10-K under the heading “Risk Factors.” The Company settled certain matters during the fourth quarter of 2018 that di... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 483 | Item 4. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 484 | Mine Safety Disclosures
Not applicable. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 485 | Apple Inc. | 2018 Form 10-K | 18
PART II
Item 5. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 486 | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
The Company’s common stock is traded on The Nasdaq Stock Market LLC (“Nasdaq”) under the symbol AAPL. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 487 | Holders
As of October 26, 2018, there were 23,712 shareholders of record. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 488 | Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Share repurchase activity during the three months ended September 29, 2018 was as follows (in millions, except number of shares, which are reflected in thousands, and per share amounts):
(1)
On May 1, 2018, the Company announced the Board of Directo... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 489 | The remaining $71.0 billion in the table represents the amount available to repurchase shares under the authorized repurchase program as of September 29, 2018. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 490 | 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 | 491 | Under this program, shares may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 492 | Apple Inc. | 2018 Form 10-K | 19
Company Stock Performance
The following graph shows a comparison of cumulative total shareholder return, calculated on a dividend-reinvested basis, for the Company, the S&P 500 Index, the S&P Information Technology Index and the Dow Jones U.S. Technology Supersector Index for the five y... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 493 | The graph assumes $100 was invested in each of the Company’s common stock, the S&P 500 Index, the S&P Information Technology Index and the Dow Jones U.S. Technology Supersector Index as of the market close on September 27, 2013. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 494 | Note that historic stock price performance is not necessarily indicative of future stock price performance. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 495 | *
$100 invested on September 27, 2013 in stock or index, including reinvestment of dividends. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 496 | Data points are the last day of each fiscal year for the Company’s common stock and September 30th for indexes. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 497 | Copyright© 2018 Standard & Poor’s, a division of S&P Global. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 498 | All rights reserved. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 499 | Copyright© 2018 S&P Dow Jones Indices LLC, a division of S&P Global. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 500 | All rights reserved. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 501 | Apple Inc. | 2018 Form 10-K | 20
Item 6. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 502 | Selected Financial Data
The information set forth below for the five years ended September 29, 2018, is not necessarily indicative of results of future operations, and should be read in conjunction with Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the cons... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 503 | Apple Inc. | 2018 Form 10-K | 21
Item 7. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 504 | Management’s Discussion and Analysis of Financial Condition and Results of Operations
This section and other parts of this Annual Report on Form 10-K (“Form 10-K”) contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 505 | Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 506 | Forward-looking statements can also be identified by words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “will,” “would,” “could,” “can,” “may,” and similar terms. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 507 | Forward-looking statements are not guarantees of future performance and the Company’s actual results may differ significantly from the results discussed in the forward-looking statements. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 508 | Factors that might cause such differences include, but are not limited to, those discussed in Part I, Item 1A of this Form 10-K under the heading “Risk Factors,” which are incorporated herein by reference. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 509 | The following discussion should be read in conjunction with the consolidated financial statements and notes thereto included in Part II, Item 8 of this Form 10-K. All information presented herein is based on the Company’s fiscal calendar. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 510 | Unless otherwise stated, references to particular years, quarters, months or periods refer to the Company’s fiscal years ended in September and the associated quarters, months and periods of those fiscal years. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 511 | Each of the terms the “Company” and “Apple” as used herein refers collectively to Apple Inc. and its wholly-owned subsidiaries, unless otherwise stated. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 512 | The Company assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 513 | Overview and Highlights
The Company designs, manufactures and markets mobile communication and media devices and personal computers, and sells a variety of related software, services, accessories and third-party digital content and applications. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 514 | The Company’s products and services include iPhone, iPad, Mac, Apple Watch, AirPods, Apple TV, HomePod, a portfolio of consumer and professional software applications, iOS, macOS, watchOS and tvOS operating systems, iCloud, Apple Pay and a variety of other accessory, service and support offerings. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 515 | The Company sells and delivers digital content and applications through the iTunes Store, App Store, Mac App Store, TV App Store, Book Store and Apple Music (collectively “Digital Content and Services”). | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 516 | The Company sells its products worldwide through its retail stores, online stores and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers and resellers. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 517 | In addition, the Company sells a variety of third-party Apple-compatible products, including application software and various accessories, through its retail and online stores. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 518 | The Company sells to consumers, small and mid-sized businesses and education, enterprise and government customers. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 519 | Fiscal Period
The Company’s fiscal year is the 52- or 53-week period that ends on the last Saturday of September. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 520 | The Company’s fiscal years 2018 and 2016 spanned 52 weeks each, whereas fiscal year 2017 included 53 weeks. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 521 | A 14th week was included in the first quarter of 2017, as is done every five or six years, to realign the Company’s fiscal quarters with calendar quarters. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 522 | Fiscal 2018 Highlights
Net sales increased 16% or $36.4 billion during 2018 compared to 2017, driven by higher net sales of iPhone, Services and Other Products. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 523 | Net sales increased year-over-year in each of the geographic reportable segments. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 524 | In May 2018, the Company announced a new capital return program of $100 billion and raised its quarterly dividend from $0.63 to $0.73 per share beginning in May 2018. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 525 | During 2018, the Company spent $73.1 billion to repurchase shares of its common stock and paid dividends and dividend equivalents of $13.7 billion. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 526 | Fiscal 2017 Highlights
Net sales increased 6% or $13.6 billion during 2017 compared to 2016, primarily driven by growth in Services, iPhone and Mac. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 527 | The year-over-year increase in net sales reflected growth in each of the geographic reportable segments, with the exception of Greater China. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 528 | The weakness in foreign currencies relative to the U.S. dollar had an unfavorable impact on net sales during 2017. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 529 | In May 2017, the Company announced an increase to its capital return program by raising the total size of the program from $250 billion to $300 billion. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 530 | This included increasing its share repurchase authorization from $175 billion to $210 billion and raising its quarterly dividend from $0.57 to $0.63 per share beginning in May 2017. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 531 | During 2017, the Company spent $33.0 billion to repurchase shares of its common stock and paid dividends and dividend equivalents of $12.8 billion. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 532 | The $210 billion share repurchase program was completed in the third quarter of 2018. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 533 | The Company issued $24.0 billion of U.S. dollar-denominated term debt, €2.5 billion of euro-denominated term debt and C$2.5 billion of Canadian dollar-denominated term debt during 2017. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 534 | Apple Inc. | 2018 Form 10-K | 22
Sales Data
The following table shows net sales by reportable segment and net sales and unit sales by product for 2018, 2017 and 2016 (dollars in millions and units in thousands):
(1)
Includes deferrals and amortization of related software upgrade rights and non-software services. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 535 | (2)
Includes revenue from Digital Content and Services, AppleCare, Apple Pay, licensing and other services. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 536 | Services net sales in 2018 included a favorable one-time item of $236 million in connection with the final resolution of various lawsuits. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 537 | Services net sales in 2017 included a favorable one-time adjustment of $640 million due to a change in estimate based on the availability of additional supporting information. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 538 | (3)
Includes sales of AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch and other Apple-branded and third-party accessories. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 539 | Apple Inc. | 2018 Form 10-K | 23
Product Performance
iPhone
The following table presents iPhone net sales and unit sales information for 2018, 2017 and 2016 (dollars in millions and units in thousands):
iPhone net sales increased during 2018 compared to 2017 due primarily to a different mix of iPhones resulting in high... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 540 | iPhone net sales increased during 2017 compared to 2016 due to higher iPhone unit sales and a different mix of iPhones with higher average selling prices. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 541 | The weakness in foreign currencies relative to the U.S. dollar had an unfavorable impact on iPhone net sales during 2017.
iPad
The following table presents iPad net sales and unit sales information for 2018, 2017 and 2016 (dollars in millions and units in thousands):
iPad net sales decreased during 2018 compared to 201... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 542 | The strength in foreign currencies relative to the U.S. dollar had a favorable impact on iPad net sales during 2018.
iPad net sales decreased during 2017 compared to 2016 due to lower iPad unit sales and a different mix of iPads with lower average selling prices. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 543 | The weakness in foreign currencies relative to the U.S. dollar had an unfavorable impact on iPad net sales during 2017. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 544 | Mac
The following table presents Mac net sales and unit sales information for 2018, 2017 and 2016 (dollars in millions and units in thousands):
Mac net sales decreased during 2018 compared to 2017 due primarily to lower Mac unit sales, partially offset by a different mix of Macs with higher average selling prices. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 545 | The strength in foreign currencies relative to the U.S. dollar had a favorable impact on Mac net sales during 2018. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 546 | Mac net sales increased during 2017 compared to 2016 due primarily to a different mix of Macs with higher average selling prices and higher Mac unit sales. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 547 | The weakness in foreign currencies relative to the U.S. dollar had an unfavorable impact on Mac net sales during 2017. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 548 | Apple Inc. | 2018 Form 10-K | 24
Services
The following table presents Services net sales information for 2018, 2017 and 2016 (dollars in millions):
The year-over-year growth in Services net sales in 2018 was due primarily to licensing, App Store and AppleCare. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 549 | During 2018, the Company recognized a favorable one-time item of $236 million in connection with the final resolution of various lawsuits. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 550 | The year-over-year growth in Services net sales in 2017 was due primarily to increases in App Store and licensing sales. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 551 | Services net sales in 2017 included a favorable one-time adjustment of $640 million due to a change in estimate based on the availability of additional supporting information. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 552 | Segment Operating Performance
The Company manages its business primarily on a geographic basis. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 553 | The Company’s reportable segments consist of the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 554 | Americas includes both North and South America. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 555 | Europe includes European countries, as well as India, the Middle East and Africa. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 556 | Greater China includes China, Hong Kong and Taiwan. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 557 | Rest of Asia Pacific includes Australia and those Asian countries not included in the Company’s other reportable segments. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 558 | Although the reportable segments provide similar hardware and software products and similar services, each one is managed separately to better align with the location of the Company’s customers and distribution partners and the unique market dynamics of each geographic region. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 559 | Further information regarding the Company’s reportable segments can be found in Part II, Item 8 of this Form 10-K in the Notes to Consolidated Financial Statements in Note 10, “Segment Information and Geographic Data.”
Americas
The following table presents Americas net sales information for 2018, 2017 and 2016 (dollars... | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 560 | Americas net sales increased during 2017 compared to 2016 due primarily to higher net sales of iPhone, Services and Mac. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 561 | Europe
The following table presents Europe net sales information for 2018, 2017 and 2016 (dollars in millions):
Europe net sales increased during 2018 compared to 2017 due primarily to higher net sales of iPhone and Services. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 562 | The strength in foreign currencies relative to the U.S. dollar had a favorable impact on Europe net sales during 2018. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 563 | Europe net sales increased during 2017 compared to 2016 due primarily to higher net sales of iPhone and Services. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 564 | The weakness in foreign currencies relative to the U.S. dollar had an unfavorable impact on Europe net sales during 2017. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 565 | Apple Inc. | 2018 Form 10-K | 25
Greater China
The following table presents Greater China net sales information for 2018, 2017 and 2016 (dollars in millions):
Greater China net sales increased during 2018 compared to 2017 due primarily to higher net sales of iPhone and Services. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 566 | The strength in foreign currencies relative to the U.S. dollar had a favorable impact on Greater China net sales during 2018. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 567 | Greater China net sales decreased during 2017 compared to 2016 due primarily to lower net sales of iPhone, partially offset by higher net sales of Services. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 568 | The weakness in foreign currencies relative to the U.S. dollar had an unfavorable impact on Greater China net sales during 2017. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 569 | Japan
The following table presents Japan net sales information for 2018, 2017 and 2016 (dollars in millions):
Japan net sales increased during 2018 compared to 2017 due primarily to higher net sales of iPhone and Services. | 0000320193-18-000145/full-submission.txt |
0000320193 | 20181105 | 10-K | 570 | The year-over-year increase in Japan net sales in 2017 was due to higher net sales of Services and the strength in the Japanese yen relative to the U.S. dollar. | 0000320193-18-000145/full-submission.txt |
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