Apple 1996 Annual Report Download - page 29
Download and view the complete annual report
Please find page 29 of the 1996 Apple annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19 -
20 -
21 -
22 -
23 -
24 -
25 -
26 -
27 -
28 -
29 -
30 -
31 -
32 -
33 -
34 -
35 -
36 -
37 -
38 -
39 -
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
 |
 |
Consolidated Statements of Operations
(Dollars in millions, except per share amounts)
See accompanying notes.
27
Three fiscal years ended September 27, 1996 1996 1995 1994
Net sales $ 9,833 $11,062 $ 9,189
Costs and expenses:
Cost of sales 8,865 8,204 6,846
Research and development 604 614 564
Selling, general and administrative 1,568 1,583 1,384
Restructuring costs 179 (23) (127)
11,216 10,378 8,667
Operating income (loss) (1,383) 684 522
Interest and other income (expense), net 88 (10) (22)
Income (loss) before provision (benefit)
for income taxes (1,295) 674 500
Provision (benefit) for income taxes (479) 250 190
Net income (loss) $ (816) $ 424 $ 310
Earnings (loss) per common and
common equivalent share $(6.59) $ 3.45 $ 2.61
Common and common equivalent shares used in
the calculations of earnings(loss) per share
(in thousands) 123,734 123,047 118,735