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 | 20131030 | 10-K | 1,219 | Certain of these outsourcing partners are the sole-sourced suppliers of components and manufacturers for many of the Company’s products. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,220 | Although the Company works closely with its outsourcing partners on manufacturing schedules, the Company’s operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,221 | The Company’s purchase commitments typically cover its requirements for periods up to 150 days. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,222 | Other Off-Balance Sheet Commitments
Lease Commitments
The Company leases various equipment and facilities, including retail space, under noncancelable operating lease arrangements. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,223 | The Company does not currently utilize any other off-balance sheet financing arrangements. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,224 | The major facility leases are typically for terms not exceeding 10 years and generally provide renewal options for terms not exceeding five additional years. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,225 | Leases for retail space are for terms ranging from five to 20 years, the majority of which are for 10 years, and often contain multi-year renewal options. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,226 | As of September 28, 2013, the Company’s total future minimum lease payments under noncancelable operating leases were $4.7 billion, of which $3.5 billion related to leases for retail space. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,227 | Rent expense under all operating leases, including both cancelable and noncancelable leases, was $645 million, $488 million and $338 million in 2013, 2012 and 2011, respectively. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,228 | Future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of September 28, 2013, are as follows (in millions):
Other Commitments
As of September 28, 2013, the Company had outstanding off-balance sheet third-party manufacturing commitments and component purchase c... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,229 | In addition to the off-balance sheet commitments mentioned above, the Company had outstanding obligations of $1.3 billion as of September 28, 2013, which consisted mainly of commitments to acquire capital assets, including product tooling and manufacturing process equipment, and commitments related to advertising, rese... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,230 | Contingencies
The Company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and that have not been fully adjudicated. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,231 | In the opinion of management, there was not at least a reasonable possibility the Company may have incurred a material loss, or a material loss in excess of a recorded accrual, with respect to loss contingencies. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,232 | However, the outcome of litigation is inherently uncertain. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,233 | Therefore, although management considers the likelihood of such an outcome to be remote, if one or more of these legal matters were resolved against the Company in a reporting period for amounts in excess of management’s expectations, the Company’s consolidated financial statements for that reporting period could be ma... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,234 | Apple Inc. v. Samsung Electronics Co., Ltd, et al. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,235 | On August 24, 2012, a jury returned a verdict awarding the Company $1.05 billion in its lawsuit against Samsung Electronics Co., Ltd and affiliated parties in the United States District Court, Northern District of California, San Jose Division. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,236 | On March 1, 2013, the District Court upheld $599 million of the jury’s award and ordered a new trial as to the remainder. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,237 | Because the award is subject to entry of final judgment, partial re-trial and appeal, the Company has not recognized the award in its results of operations. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,238 | VirnetX, Inc. v. Apple Inc. et al. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,239 | On August 11, 2010, VirnetX, Inc. filed an action against the Company alleging that certain of its products infringed on four patents relating to network communications technology. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,240 | On November 6, 2012, a jury returned a verdict against the Company, and awarded damages of $368 million. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,241 | The Company is challenging the verdict, believes it has valid defenses and has not recorded a loss accrual at this time. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,242 | Note 11 - Segment Information and Geographic Data
The Company reports segment information based on the “management” approach. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,243 | The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company’s reportable segments. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,244 | The Company manages its business primarily on a geographic basis. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,245 | The Company’s reportable operating segments consist of the Americas, Europe, Greater China, Japan, Rest of Asia Pacific and Retail operations. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,246 | The Americas segment includes both North and South America. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,247 | The Europe segment includes European countries, as well as India, the Middle East and Africa. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,248 | The Greater China segment includes China, Hong Kong and Taiwan. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,249 | The Rest of Asia Pacific segment includes Australia and Asian countries, other than those countries included in the Company’s other operating segments. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,250 | The Retail segment operates Apple retail stores in 13 countries, including the U.S. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,251 | The results of the Company’s geographic segments do not include results of the Retail segment. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,252 | Each operating segment provides similar hardware and software products and similar services. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,253 | The accounting policies of the various segments are the same as those described in Note 1, “Summary of Significant Accounting Policies.”
The Company evaluates the performance of its operating segments based on net sales and operating income. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,254 | Net sales for geographic segments are generally based on the location of customers, while Retail segment net sales are based on sales through the Company’s retail stores. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,255 | Operating income for each segment includes net sales to third parties, related cost of sales and operating expenses directly attributable to the segment. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,256 | Advertising expenses are generally included in the geographic segment in which the expenditures are incurred. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,257 | Operating income for each segment excludes other income and expense and certain expenses managed outside the operating segments. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,258 | Costs excluded from segment operating income include various corporate expenses such as research and development, corporate marketing expenses, share-based compensation expense, income taxes, various nonrecurring charges, and other separately managed general and administrative costs and certain manufacturing period exp... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,259 | The Company does not include intercompany transfers between segments for management reporting purposes. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,260 | Segment assets include receivables and inventories, and for the Retail segment also includes capital assets. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,261 | Segment assets exclude corporate assets, such as cash and cash equivalents, short-term and long-term marketable securities, vendor non-trade receivables, other long-term investments, manufacturing and corporate facilities, product tooling and manufacturing process equipment, miscellaneous corporate infrastructure, good... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,262 | Except for the Retail segment, capital asset purchases for long-lived assets are not reported to management by segment and therefore are excluded from the geographic segment assets and instead included in corporate assets. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,263 | Cash payments for capital asset purchases by the Retail segment were $495 million, $858 million and $612 million for 2013, 2012 and 2011, respectively. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,264 | The Company’s total depreciation and amortization was $6.8 billion, $3.3 billion and $1.8 billion in 2013, 2012 and 2011, respectively, of which $382 million, $319 million and $273 million was related to the Retail segment in the respective years. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,265 | Depreciation and amortization on segment assets included in the geographic segments was not significant. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,266 | The following table shows information by operating segment for 2013, 2012 and 2011 (in millions):
A reconciliation of the Company’s segment operating income to the consolidated financial statements for 2013, 2012 and 2011, is as follows (in millions):
The following table shows total assets by segment and a reconciliati... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,267 | There was no single customer that accounted for more than 10% of net sales in 2013, 2012 or 2011. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,268 | Net sales for 2013, 2012 and 2011 and long-lived assets as of September 28, 2013 and September 29, 2012 are as follows (in millions):
(a) China includes Hong Kong. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,269 | Long-lived assets located in China consist primarily of product tooling and manufacturing process equipment and assets related to retail stores and related infrastructure. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,270 | Information regarding net sales by product for 2013, 2012 and 2011, is as follows (in millions):
(a) Includes deferrals and amortization of related non-software services and software upgrade rights. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,271 | (b) Includes revenue from sales on the iTunes Store, the App Store, the Mac App Store, and the iBooks Store, and revenue from sales of AppleCare, licensing and other services. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,272 | (c) Includes sales of hardware peripherals and Apple-branded and third-party accessories for iPhone, iPad, Mac and iPod. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,273 | Note 12 - Selected Quarterly Financial Information (Unaudited)
The following tables show a summary of the Company’s quarterly financial information for each of the four quarters of 2013 and 2012 (in millions, except per share amounts):
(a) Basic and diluted earnings per share are computed independently for each of the ... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,274 | Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,275 | REPORT OF ERNST & YOUNG LLP, INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Shareholders of Apple Inc.
We have audited the accompanying consolidated balance sheets of Apple Inc. as of September 28, 2013 and September 29, 2012, and the related consolidated statements of operations, comprehensiv... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,276 | These financial statements are the responsibility of the Company’s management. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,277 | Our responsibility is to express an opinion on these financial statements based on our audits. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,278 | We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,279 | Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,280 | An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,281 | An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,282 | We believe that our audits provide a reasonable basis for our opinion. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,283 | In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Apple Inc. at September 28, 2013 and September 29, 2012, and the consolidated results of its operations and its cash flows for each of the three years in the period ended September... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,284 | 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 28, 2013, based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organiz... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,285 | /s/ Ernst & Young LLP
San Jose, California
October 29, 2013
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 28, 2013, based on criteria established in I... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,286 | 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. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,287 | Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,288 | We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,289 | 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. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,290 | 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... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,291 | We believe that our audit provides a reasonable basis for our opinion. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,292 | 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. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,293 | 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... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,294 | Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,295 | 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. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,296 | In our opinion, Apple Inc. maintained, in all material respects, effective internal control over financial reporting as of September 28, 2013, based on the COSO criteria. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,297 | We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the 2013 consolidated financial statements of Apple Inc. and our report dated October 29, 2013 expressed an unqualified opinion thereon. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,298 | /s/ Ernst & Young LLP
San Jose, California
October 29, 2013
Item 9. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,299 | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,300 | Item 9A. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,301 | 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 ... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,302 | 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... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,303 | 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... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,304 | 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. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,305 | 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. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,306 | 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. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,307 | 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. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,308 | 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. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,309 | 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). | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,310 | 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). | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,311 | Based on the Company’s assessment, management has concluded that its internal control over financial reporting was effective as of September 28, 2013 to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements in accordance with GAAP. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,312 | 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.
Changes in Internal Control Over Financial Reporting
There were no changes in the Company’s internal ... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,313 | Item 9B. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,314 | Other Information
Not applicable. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,315 | PART III
Item 10. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,316 | 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 2014 Proxy Statement to be filed with the U.S. Securities a... | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,317 | Item 11. | 0001193125-13-416534/full-submission.txt |
0000320193 | 20131030 | 10-K | 1,318 | 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-2013” and “Compensation Committee Interlocks and Insider Participation” under the headi... | 0001193125-13-416534/full-submission.txt |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.