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0000320193
20141027
10-K
1,326
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Apple Inc. at September 27, 2014 and September 28, 2013, and the consolidated results of its operations and its cash flows for each of the three years in the period ended September...
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,327
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Apple Inc.’s internal control over financial reporting as of September 27, 2014, based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organiz...
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,328
/s/ Ernst & Young LLP San Jose, California October 27, 2014 Apple Inc. | 2014 Form 10-K | 81 REPORT OF ERNST & YOUNG LLP, INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM The Board of Directors and Shareholders of Apple Inc. We have audited Apple Inc.’s internal control over financial reporting as of September 27, 2014, b...
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,329
Apple Inc.’s management is responsible for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting included in the accompanying Management’s Annual Report on Internal Control Over Financial Reporting.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,330
Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,331
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States).
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,332
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,333
Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in...
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,334
We believe that our audit provides a reasonable basis for our opinion.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,335
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.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,336
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...
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,337
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,338
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.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,339
In our opinion, Apple Inc. maintained, in all material respects, effective internal control over financial reporting as of September 27, 2014, based on the COSO criteria.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,340
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the 2014 consolidated financial statements of Apple Inc. and our report dated October 27, 2014 expressed an unqualified opinion thereon.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,341
/s/ Ernst & Young LLP San Jose, California October 27, 2014 Apple Inc. | 2014 Form 10-K | 82 Item 9.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,342
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure None.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,343
Item 9A.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,344
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 ...
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,345
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 U.S. generally accepted accounting princip...
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,346
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...
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,347
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.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,348
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.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,349
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.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,350
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.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,351
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.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,352
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).
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,353
Management conducted an assessment 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 (1992 framework).
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,354
Based on the Company’s assessment, management has concluded that its internal control over financial reporting was effective as of September 27, 2014 to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements in accordance with GAAP.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,355
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, which appears in Part II, Item 8 of this Form 10-K. Apple Inc. | 2014 Form 10-K | 83 Changes in Internal Control Over Financial Reporting There were no c...
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,356
Item 9B.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,357
Other Information Not applicable.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,358
PART III Item 10.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,359
Directors, Executive Officers and Corporate Governance The information required by this Item is set forth under the headings “Directors, Executive Officers and Corporate Governance” and “Section 16(a) Beneficial Ownership Reporting Compliance” in the Company’s 2015 Proxy Statement to be filed with the U.S. Securities a...
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,360
Item 11.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,361
Executive Compensation The information required by this Item is set forth under the heading “Executive Compensation” and under the subheadings “Board Oversight of Risk Management,” “Compensation of Directors,” “Director Compensation-2014” and “Compensation Committee Interlocks and Insider Participation” under the headi...
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,362
Item 12.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,363
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 2015 Proxy Statement to be fil...
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,364
Item 13.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,365
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” and under the subheading “Board Committees” under the heading “Directors, Executive Officers and Corporat...
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,366
Item 14.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,367
Principal Accounting Fees and Services The information required by this Item is set forth under the subheadings “Fees Paid to Auditors” and “Policy on Audit Committee Pre-Approval of Audit and Non-Audit Services Performed by the Independent Registered Public Accounting Firm” under the proposal “Ratification of Appointm...
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,368
Apple Inc. | 2014 Form 10-K | 84 PART IV Item 15.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,369
Exhibits, Financial Statement Schedules (a) Documents filed as part of this report (1) All financial statements (2) Financial Statement Schedules All financial statement schedules have been omitted, since the required information is not applicable or is not present in amounts sufficient to require submission of the sch...
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,370
Date: October 27, 2014 APPLE INC. By: /s/ Luca Maestri Luca Maestri 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 Timothy D. Cook and Luca Maestri, jointly and severally, his or her attorneys-i...
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,371
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/ Timothy D. Cook TIMOTHY D. COOK Chief Executive Officer and Director (Principal Executive Offi...
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,372
8-K 3.1 6/6/14 3.2 Amended and Restated Bylaws of the Registrant effective as of February 28, 2014.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,373
8-K 3.2 3/5/14 4.1 Form of Common Stock Certificate of the Registrant.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,374
10-Q 4.1 12/30/06 4.2 Indenture, dated as of April 29, 2013, between the Registrant and The Bank of New York Mellon Trust Company, N.A., as Trustee.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,375
S-3 4.1 4/29/13 4.3 Officer’s Certificate of the Registrant, dated as of May 3, 2013, including forms of global notes representing the Floating Rate Notes due 2016, Floating Rate Notes due 2018, 0.45% Notes due 2016, 1.00% Notes due 2018, 2.40% Notes due 2023 and 3.85% Notes due 2043.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,376
8-K 4.1 5/3/13 4.4 Officer’s Certificate of the Registrant, dated as of May 6, 2014, including forms of global notes representing the Floating Rate Notes due 2017, Floating Rate Notes due 2019, 1.05% Notes due 2017, 2.10% Notes due 2019, 2.85% Notes due 2021, 3.45% Notes due 2024 and 4.45% Notes due 2044.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,377
8-K 4.1 5/6/14 10.1* Amended Employee Stock Purchase Plan, effective as of March 8, 2010.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,378
10-Q 10.1 3/27/10 10.2* Form of Indemnification Agreement between the Registrant and each director and executive officer of the Registrant.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,379
10-Q 10.2 6/27/09 10.3* 1997 Director Stock Plan, as amended through August 23, 2012.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,380
10-Q 10.3 12/28/13 10.4* 2003 Employee Stock Plan, as amended through February 25, 2010.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,381
8-K 10.1 3/1/10 10.5* Form of Restricted Stock Unit Award Agreement under 2003 Employee Stock Plan effective as of November 16, 2010.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,382
10-Q 10.10 12/25/10 10.6* Form of Restricted Stock Unit Award Agreement under 2003 Employee Stock Plan effective as of April 6, 2012.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,383
10-Q 10.8 3/31/12 10.7* Summary Description of Amendment, effective as of May 24, 2012, to certain Restricted Stock Unit Award Agreements outstanding as of April 5, 2012.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,384
10-Q 10.8 6/30/12 10.8* 2014 Employee Stock Plan.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,385
8-K 10.1 3/5/14 10.9* Form of Restricted Stock Unit Award Agreement under 2014 Employee Stock Plan as of February 28, 2014.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,386
8-K 10.2 3/5/14 10.10* Form of Performance Award Agreement under 2014 Employee Stock Plan effective as of February 28, 2014.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,387
8-K 10.3 3/5/14 10.11*, ** Form of Restricted Stock Unit Award Agreement under 2014 Employee Stock Plan effective as of August 26, 2014.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,388
10.12*, ** Form of Performance Award Agreement under 2014 Employee Stock Plan effective as of August 26, 2014.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,389
10.13*, ** Form of Amendment, effective as of August 26, 2014, to Restricted Stock Unit Award Agreements and Performance Award Agreements outstanding as of August 26, 2014.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,390
12.1** Computation of Ratio of Earnings to Fixed Charges.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,391
21.1** Subsidiaries of the Registrant.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,392
Apple Inc. | 2014 Form 10-K | 87 Incorporated by Reference Exhibit Number Exhibit Description Form Exhibit Filing Date/ Period End Date 23.1** Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,393
24.1** Power of Attorney (included on the Signatures page of this Annual Report on Form 10-K).
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,394
31.1** Rule 13a-14(a) / 15d-14(a) Certification of Chief Executive Officer.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,395
31.2** Rule 13a-14(a) / 15d-14(a) Certification of Chief Financial Officer.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,396
32.1*** Section 1350 Certifications of Chief Executive Officer and Chief Financial Officer.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,397
101.INS** XBRL Instance Document.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,398
101.SCH** XBRL Taxonomy Extension Schema Document.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,399
101.CAL** XBRL Taxonomy Extension Calculation Linkbase Document.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,400
101.DEF** XBRL Taxonomy Extension Definition Linkbase Document.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,401
101.LAB** XBRL Taxonomy Extension Label Linkbase Document.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,402
101.PRE** XBRL Taxonomy Extension Presentation Linkbase Document.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,403
* Indicates management contract or compensatory plan or arrangement.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,404
** Filed herewith.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,405
*** Furnished herewith.
0001193125-14-383437/full-submission.txt
0000320193
20141027
10-K
1,406
Apple Inc. | 2014 Form 10-K | 88
0001193125-14-383437/full-submission.txt
0000320193
20131030
10-K
0
10-K d590790d10k.htm FORM 10-K Form 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 28, 2013 Or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)...
0001193125-13-416534/full-submission.txt
0000320193
20131030
10-K
1
Employer Identification No.)
0001193125-13-416534/full-submission.txt
0000320193
20131030
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, no par value The NASDAQ Stock Market LLC (Title of class) (Name of exchange on which regi...
0001193125-13-416534/full-submission.txt
0000320193
20131030
10-K
3
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.
0001193125-13-416534/full-submission.txt
0000320193
20131030
10-K
4
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...
0001193125-13-416534/full-submission.txt
0000320193
20131030
10-K
5
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...
0001193125-13-416534/full-submission.txt
0000320193
20131030
10-K
6
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...
0001193125-13-416534/full-submission.txt
0000320193
20131030
10-K
7
See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
0001193125-13-416534/full-submission.txt
0000320193
20131030
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).
0001193125-13-416534/full-submission.txt
0000320193
20131030
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 29, 2013, the last business day of the registrant’s most recently completed second fiscal quarter, was approximately $416,005,000,000.
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0000320193
20131030
10-K
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.
0001193125-13-416534/full-submission.txt
0000320193
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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.
0001193125-13-416534/full-submission.txt
0000320193
20131030
10-K
12
899,738,000 shares of common stock were issued and outstanding as of October 18, 2013.
0001193125-13-416534/full-submission.txt
0000320193
20131030
10-K
13
DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive proxy statement relating to its 2014 annual meeting of shareholders (the “2014 Proxy Statement”) are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated.
0001193125-13-416534/full-submission.txt
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10-K
14
The 2014 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.
0001193125-13-416534/full-submission.txt
0000320193
20131030
10-K
15
Apple Inc. Form 10-K For the Fiscal Year Ended September 28, 2013 Page Part I Item 1. Business Item 1A.
0001193125-13-416534/full-submission.txt
0000320193
20131030
10-K
16
Risk Factors Item 1B.
0001193125-13-416534/full-submission.txt
0000320193
20131030
10-K
17
Unresolved Staff Comments Item 2.
0001193125-13-416534/full-submission.txt
0000320193
20131030
10-K
18
Properties Item 3.
0001193125-13-416534/full-submission.txt