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0000320193
20101027
10-K
1,374
A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
0001193125-10-238044/full-submission.txt
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10-K
1,375
A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are rec...
0001193125-10-238044/full-submission.txt
0000320193
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10-K
1,376
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.
0001193125-10-238044/full-submission.txt
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10-K
1,377
Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
0001193125-10-238044/full-submission.txt
0000320193
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10-K
1,378
In our opinion, Apple Inc. maintained, in all material respects, effective internal control over financial reporting as of September 25, 2010, based on the COSO criteria.
0001193125-10-238044/full-submission.txt
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10-K
1,379
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the 2010 consolidated financial statements of Apple Inc. and our report dated October 27, 2010 expressed an unqualified opinion thereon.
0001193125-10-238044/full-submission.txt
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10-K
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/s/ Ernst & Young LLP San Jose, California October 27, 2010 Report of KPMG LLP, Independent Registered Public Accounting Firm The Board of Directors and Shareholders Apple Inc.: We have audited the accompanying consolidated statements of operations, shareholders’ equity, and cash flows for the year ended September 27, ...
0001193125-10-238044/full-submission.txt
0000320193
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10-K
1,381
These consolidated financial statements are the responsibility of the Company’s management.
0001193125-10-238044/full-submission.txt
0000320193
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10-K
1,382
Our responsibility is to express an opinion on these consolidated financial statements based on our audit.
0001193125-10-238044/full-submission.txt
0000320193
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10-K
1,383
We conducted our audit in accordance with generally accepted auditing standards of the Public Company Accounting Oversight Board (United States).
0001193125-10-238044/full-submission.txt
0000320193
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10-K
1,384
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.
0001193125-10-238044/full-submission.txt
0000320193
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10-K
1,385
An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
0001193125-10-238044/full-submission.txt
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10-K
1,386
We believe that our audit provides a reasonable basis for our opinion.
0001193125-10-238044/full-submission.txt
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10-K
1,387
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the results of operations and cash flows of Apple Inc. and subsidiaries for the year ended September 27, 2008 in conformity with U.S. generally accepted accounting principles.
0001193125-10-238044/full-submission.txt
0000320193
20101027
10-K
1,388
As discussed in note 1, the consolidated financial statements for the year ended September 27, 2008 have been restated to give effect to the retrospective adoption of the Financial Accounting Standards Board’s amended accounting standards related to revenue recognition for arrangements with multiple deliverables and ar...
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10-K
1,389
/s/ KPMG LLP Mountain View, California November 4, 2008, except as to note 1, which is as of January 25, 2010 Item 9.
0001193125-10-238044/full-submission.txt
0000320193
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10-K
1,390
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure None.
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0000320193
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10-K
1,391
Item 9A.
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0000320193
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10-K
1,392
Controls and Procedures Evaluation of Disclosure 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 ...
0001193125-10-238044/full-submission.txt
0000320193
20101027
10-K
1,393
Inherent Limitations Over Internal Controls The Company’s internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP.
0001193125-10-238044/full-submission.txt
0000320193
20101027
10-K
1,394
The Company’s internal control over financial reporting includes those policies and procedures that: (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the Company’s assets; (ii) provide reasonable assurance that transactions are reco...
0001193125-10-238044/full-submission.txt
0000320193
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10-K
1,395
Management, including the Company’s Chief Executive Officer and Chief Financial Officer, does not expect that the Company’s internal controls will prevent or detect all errors and all fraud.
0001193125-10-238044/full-submission.txt
0000320193
20101027
10-K
1,396
A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met.
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0000320193
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10-K
1,397
Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs.
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0000320193
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10-K
1,398
Because of the inherent limitations in all control systems, no evaluation of internal controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected.
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0000320193
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10-K
1,399
Also, any evaluation of the effectiveness of controls in future periods are subject to the risk that those internal controls may become inadequate because of changes in business conditions, or that the degree of compliance with the policies or procedures may deteriorate.
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10-K
1,400
Management’s Annual Report on Internal Control Over Financial Reporting The Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act.
0001193125-10-238044/full-submission.txt
0000320193
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10-K
1,401
Management conducted an evaluation of the effectiveness of the Company’s internal control over financial reporting based on the criteria set forth in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”).
0001193125-10-238044/full-submission.txt
0000320193
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10-K
1,402
Based on the Company’s assessment, management has concluded that its internal control over financial reporting was effective as of September 25, 2010 to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements in accordance with U.S. generally accepted ac...
0001193125-10-238044/full-submission.txt
0000320193
20101027
10-K
1,403
The Company’s independent registered public accounting firm, Ernst & Young LLP, has issued an audit report on the Company’s internal control over financial reporting.
0001193125-10-238044/full-submission.txt
0000320193
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10-K
1,404
The report on the audit of internal control over financial reporting appears on page 84 of this Form 10-K. Changes in Internal Control Over Financial Reporting There were no changes in the Company’s internal control over financial reporting during the fourth quarter of fiscal 2010, which were identified in connection w...
0001193125-10-238044/full-submission.txt
0000320193
20101027
10-K
1,405
Item 9B.
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10-K
1,406
Other Information Not applicable.
0001193125-10-238044/full-submission.txt
0000320193
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10-K
1,407
PART III Item 10.
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10-K
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Directors, Executive Officers and Corporate Governance The information required by this Item is set forth under the heading “Directors, Executive Officers and Corporate Governance” in the Company’s 2011 Proxy Statement to be filed with the U.S. Securities and Exchange Commission (“SEC”) in connection with the solicitat...
0001193125-10-238044/full-submission.txt
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10-K
1,409
Such Proxy Statement will be filed with the SEC within 120 days after the end of the fiscal year to which this report relates.
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10-K
1,410
Item 11.
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10-K
1,411
Executive Compensation The information required by this Item is set forth under the headings “Executive Compensation” and “Compensation Discussion and Analysis” in the Company’s 2011 Proxy Statement and is incorporated herein by reference.
0001193125-10-238044/full-submission.txt
0000320193
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10-K
1,412
Item 12.
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10-K
1,413
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters The information required by this Item is set forth under the headings “Security Ownership of Certain Beneficial Owners and Management” and “Equity Compensation Plan Information” in the Company’s 2011 Proxy Statement and is in...
0001193125-10-238044/full-submission.txt
0000320193
20101027
10-K
1,414
Item 13.
0001193125-10-238044/full-submission.txt
0000320193
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10-K
1,415
Certain Relationships and Related Transactions, and Director Independence The information required by this Item is set forth under the heading “Review, Approval or Ratification of Transactions with Related Persons” in the Company’s 2011 Proxy Statement and is incorporated herein by reference.
0001193125-10-238044/full-submission.txt
0000320193
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10-K
1,416
Item 14.
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10-K
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Principal Accounting Fees and Services The information required by this Item is set forth under the heading “Fees Paid to Auditors” in the Company’s 2011 Proxy Statement and is incorporated herein by reference.
0001193125-10-238044/full-submission.txt
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10-K
1,418
PART IV Item 15.
0001193125-10-238044/full-submission.txt
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10-K
1,419
Exhibits, Financial Statement Schedules (a) Documents filed as part of this report (1) All financial statements Index to Consolidated Financial Statements Page Consolidated Statements of Operations for the three years ended September 25, 2010 Consolidated Balance Sheets as of September 25, 2010 and September 26, 2009 C...
0001193125-10-238044/full-submission.txt
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10-K
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(b) Exhibits required by Item 601 of Regulation S-K The information required by this Item is set forth on the exhibit index that follows the signature page of this report.
0001193125-10-238044/full-submission.txt
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10-K
1,421
SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, this 27th day of October 2010.
0001193125-10-238044/full-submission.txt
0000320193
20101027
10-K
1,422
APPLE INC. By: /s/ Peter Oppenheimer Peter Oppenheimer Senior Vice President, Chief Financial Officer Power of Attorney KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Steven P. Jobs and Peter Oppenheimer, jointly and severally, his attorneys-in-fact, each wit...
0001193125-10-238044/full-submission.txt
0000320193
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10-K
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Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated: Name Title Date /s/ Steven P. Jobs STEVEN P. JOBS Chief Executive Officer and Director (Principal Executive Office...
0001193125-10-238044/full-submission.txt
0000320193
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10-K
1,424
10-Q 6/27/09 3.2 By-Laws of the Registrant, as amended through May 27, 2009.
0001193125-10-238044/full-submission.txt
0000320193
20101027
10-K
1,425
8-K 6/2/09 4.1 Form of Stock Certificate of the Registrant.
0001193125-10-238044/full-submission.txt
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10-K
1,426
10-Q 12/30/06 10.1* Employee Stock Purchase Plan, as amended through March 8, 2010.
0001193125-10-238044/full-submission.txt
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10-K
1,427
10-Q 3/27/10 10.2* Form of Indemnification Agreement between the Registrant and each director and executive officer of the Registrant.
0001193125-10-238044/full-submission.txt
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10-K
1,428
10-Q 6/27/09 10.3* 1997 Employee Stock Option Plan, as amended through October 19, 2001.
0001193125-10-238044/full-submission.txt
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10-K
1,429
10-K 9/28/02 10.4* 1997 Director Stock Plan, as amended through February 25, 2010.
0001193125-10-238044/full-submission.txt
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10-K
1,430
8-K 3/1/10 10.5* 2003 Employee Stock Plan, as amended through February 25, 2010.
0001193125-10-238044/full-submission.txt
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10-K
1,431
8-K 3/1/10 10.6* Reimbursement Agreement dated as of May 25, 2001 by and between the Registrant and Steven P. Jobs.
0001193125-10-238044/full-submission.txt
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10-K
1,432
10-Q 6/29/02 10.7* Form of Option Agreement.
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10-K
1,433
10-K 9/24/05 10.8* Form of Restricted Stock Unit Award Agreement effective as of August 28, 2007.
0001193125-10-238044/full-submission.txt
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10-K
1,434
10-K 9/29/07 10.9* Form of Restricted Stock Unit Award Agreement effective as of November 11, 2008.
0001193125-10-238044/full-submission.txt
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10-K
1,435
10-Q 12/27/08 14.1** Business Conduct Policy of the Registrant dated July 2010.
0001193125-10-238044/full-submission.txt
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10-K
1,436
21.1** Subsidiaries of the Registrant.
0001193125-10-238044/full-submission.txt
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23.1** Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm.
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23.2** Consent of KPMG LLP, Independent Registered Public Accounting Firm.
0001193125-10-238044/full-submission.txt
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1,439
24.1** Power of Attorney (included on the Signature Page of this Annual Report on Form 10-K).
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10-K
1,440
31.1** Rule 13a-14(a) / 15d-14(a) Certification of Chief Executive Officer.
0001193125-10-238044/full-submission.txt
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1,441
31.2** Rule 13a-14(a) / 15d-14(a) Certification of Chief Financial Officer.
0001193125-10-238044/full-submission.txt
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10-K
1,442
32.1*** Section 1350 Certifications of Chief Executive Officer and Chief Financial Officer.
0001193125-10-238044/full-submission.txt
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10-K
1,443
101.INS**** XBRL Instance Document 101.SCH**** XBRL Taxonomy Extension Schema Document 101.CAL**** XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF**** XBRL Taxonomy Extension Definition Linkbase Document 101.LAB**** XBRL Taxonomy Extension Label Linkbase Document 101.PRE**** XBRL Taxonomy Extension Presen...
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10-K
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** Filed herewith.
0001193125-10-238044/full-submission.txt
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*** Furnished herewith.
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10-K
1,446
**** Pursuant to applicable securities laws and regulations, the Company is deemed to have complied with the reporting obligation relating to the submission of interactive data files in such exhibits and is not subject to liability under any anti-fraud provisions of the federal securities laws as long as the Company ha...
0001193125-10-238044/full-submission.txt
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10-K
1,447
Users of this data are advised that, pursuant to Rule 406T, these interactive data files are deemed not filed and otherwise are not subject to liability.
0001193125-10-238044/full-submission.txt
0000320193
20141027
10-K
0
10-K d783162d10k.htm 10-K 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 27, 2014 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SE...
0001193125-14-383437/full-submission.txt
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10-K
1
Employer Identification No.)
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10-K
2
1 Infinite Loop Cupertino, California (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (408) 996-1010 Securities registered pursuant to Section 12(b) of the Act: Common Stock, $0.00001 par value per share The NASDAQ Stock Market LLC (Title of class) (Name of exchan...
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Yes x No ¨ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
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10-K
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Yes ¨ No x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing...
0001193125-14-383437/full-submission.txt
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Yes x No ¨ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period...
0001193125-14-383437/full-submission.txt
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Yes x No ¨ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of the registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of thi...
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10-K
7
See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
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10-K
8
Large accelerated filer x Accelerated filer ¨ Non-accelerated filer ¨ (Do not check if a smaller reporting company) Smaller reporting company ¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).
0001193125-14-383437/full-submission.txt
0000320193
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10-K
9
Yes ¨ No x The aggregate market value of the voting and non-voting stock held by non-affiliates of the registrant, as of March 28, 2014, the last business day of the registrant’s most recently completed second fiscal quarter, was approximately $462,522,000,000.
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10
Solely for purposes of this disclosure, shares of common stock held by executive officers and directors of the registrant as of such date have been excluded because such persons may be deemed to be affiliates.
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10-K
11
This determination of executive officers and directors as affiliates is not necessarily a conclusive determination for any other purposes.
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10-K
12
5,864,840,000 shares of common stock were issued and outstanding as of October 10, 2014.
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10-K
13
DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive proxy statement relating to its 2015 annual meeting of shareholders (the “2015 Proxy Statement”) are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated.
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10-K
14
The 2015 Proxy Statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates.
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10-K
15
Apple Inc. Form 10-K For the Fiscal Year Ended September 27, 2014 This Annual Report on Form 10-K (“Form 10-K”) contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties.
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16
Many of the forward-looking statements are located in Part II, Item 7 of this Form 10-K under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any stateme...
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Forward-looking statements can also be identified by words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “will,” “would,” “could,” “can,” “may,” and similar terms.
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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.
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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.
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All information presented herein is based on the Company’s fiscal calendar.
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21
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.
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Each of the terms the “Company” and “Apple” as used herein refers collectively to Apple Inc. and its wholly-owned subsidiaries, unless otherwise stated.
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23
The Company assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law.
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10-K
24
PART I Item 1. Business Company Background The Company designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players, and sells a variety of related software, services, accessories, networking solutions, and third-party digital content and applications...
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The Company’s products and services include iPhone®, iPad®, Mac®, iPod®, Apple TV®, a portfolio of consumer and professional software applications, the iOS and OS X® operating systems, iCloud®, and a variety of accessory, service and support offerings.
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