Does Apple have an annual report?

Does Apple have an annual report?

The Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and amendments to reports filed pursuant to Sections 13(a) and 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are filed with the Securities and Exchange Commission (the “SEC”).

What is the time period covered for the company’s manufacturing purchase obligations?

150 days

The Company’s manufacturing purchase obligations typically cover its requirements for periods up to 150 days.

What is Apple’s fiscal year end policy?

The Company’s fiscal year is the 52 or 53-week period that ends on the last Saturday of September.

What is a 10k annual report?

A 10-K is a comprehensive report filed annually by public companies about their financial performance. The report is required by the U.S. Securities and Exchange Commission (SEC) and is far more detailed than the annual report.

Does Apple have a strong balance sheet?

How Strong Is Apple’s Balance Sheet? The latest balance sheet data shows that Apple had liabilities of US$127.5b due within a year, and liabilities of US$155.8b falling due after that. On the other hand, it had cash of US$51.5b and US$45.4b worth of receivables due within a year.

Is Apple financially stable?

Currently, Apple has cash reserves of $178 billion with which the company could theoretically buy 480 out of 500 S+P 500 companies. The equity ratio and the current cash reserves give the company an extremely high financial stability.

Does Apple use GAAP or IFRS?

Apple reports its consolidated results under U.S. GAAP but prepares and files local entity statutory financial statements in many jurisdictions around the world. Many of these local statutory filings are prepared in accordance with IFRS.

What accounting method does Apple use?

Apple undertook a non-GAAP accounting principle in the first quarter of 2010 (Adhikari, 2010). Non-GAP financial measures that Apple included in its reports were “adjusted sales,” “adjusted cost of sales,” “adjusted gross margin,” etc.

What are the dates for fiscal year 2022?

Because the fiscal year straddles two different calendar years, the calendar year and fiscal year will not always match. For example, Fiscal Year 2022 runs from July 1, 2021 – June 30, 2022.

What is Apple Inc’s debt ratio as of its 2021 fiscal year?

Apple’s debt / equity, adjusted for fiscal years ending September 2017 to 2021 averaged 143.2%. Apple’s operated at median debt / equity, adjusted of 119.4% from fiscal years ending September 2017 to 2021. Looking back at the last five years, Apple’s debt / equity, adjusted peaked in September 2021 at 216.4%.

How do I find a company’s 10-K report?

To find a particular company’s Form 10-K filings, use the Company Search for the SEC’s EDGAR database. On the returned listing of filings for the company, enter “10-K” in the Filing Type box near the top of the page to filter for only Forms 10-K that have been filed.

Why is a 10-K important?

A Form 10-K is an annual report that all public companies must file with the Securities and Exchange Commission. It gives investors a detailed picture of a company’s financial situation, and also can highlight future risks.

What is Apple’s biggest asset?

The App Store is Apple’s most valuable asset, but also its biggest liability.

Is Apple undervalued?

Price/Fair Value Winner: Microsoft Stock
A stock trading below 1.0 is undervalued; a stock trading around 1.0 is fairly valued; and a stock trading above 1.0 is overvalued. As of this writing, we think Microsoft’s stock is about 20% undervalued, while Apple’s stock is 25% overvalued.

Why does Apple use non GAAP?

Apple demonstrated that the non-GAAP measures were used only for the operational results. The accounting system showed an increased sales of products of the companies like the iPhone and Apple TV.
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References.

What accounting standards are used in Apple?

(Apple) are prepared under the conventions of US GAAP. However, the company also prepares statutory financial statements in many other countries, where they are prepared in accordance with the rules of IFRS.

Does Apple use FIFO or LIFO?

Apple uses FIFO
Following the FIFO model, Apple sells the units of its older models first.

What is Q1 Q2 Q3 Q4?

The standard calendar quarters that make up the year are as follows: January, February, and March (Q1) April, May, and June (Q2) July, August, and September (Q3) October, November, and December (Q4)

What is FY 2022 mean?

FY 2022 is the City’s Fiscal Year 2022, which begins July 1, 2021 and ends June 30, 2022.

Why is Apple so highly leveraged?

Leverage. Due to the zero interest rate policy (ZIRP) environment, Apple began issuing its first bonds and notes in 2013, underwriting a total of $64.46 billion worth of debt. Apple made this move not because it needed the capital but because it was essentially receiving free money.

Why is Apple debt so high?

Apple’s debt utilization is first in class:
As revenues started growing exponentially, Apple diverted cash to foreign subsidiaries. This was Apple’s strategy to minimize taxes as the company didn’t want to repatriate its cash hoard at the 35% tax rate at the time.

Where can I access 10-K?

To find a particular company’s Form 10-K filings, use the Company Search for the SEC’s EDGAR database.

How do I access EDGAR database?

For example: https://www.sec.gov/Archives/edgar/vprr/1403/index.html. https://www.sec.gov/Archives/edgar/vprr/1403/index.xml.
Virtual Private Reference Room (VPRR)

1. html (the directory listing you see in the browser)
2. xml.
3. json.

How long does it take to read a 10-K?

Reading Time by Word Counts

Why is it called 10-K?

10-K is short for Form 10-K, which is a document the SEC requires all public companies to file each year. The form presents a financial picture of the company, detailing its revenues, assets, and liabilities for the previous year.