Apple 1999 Annual Report Download - page 11

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PART II
ITEM 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY AND RELATED SHAREHOLDER MATTERS
The Company's common stock is traded on the over-the-
counter market and is quoted on the Nasdaq National Market under the symbol AAPL,
on the Tokyo Stock Exchange under the symbol APPLE, and on the Frankfurt Stock Exchange under the symbol APCD. As of December 10,
1999, there were 25,279 shareholders of record.
The Company did not pay cash dividends in either fiscal 1999 or 1998. The Company anticipates that, for the foreseeable future, it will retain
any earnings for use in the operation of its business.
The price range per share of common stock represents the highest and lowest prices for the Company's common stock on the Nasdaq National
Market during each quarter.
ITEM 6. SELECTED FINANCIAL DATA
The following selected financial information has been derived from the audited consolidated financial statements. The information set forth
below is not necessarily indicative of results of future operations, and should be read in conjunction with Item 7, "Management's Discussion
and Analysis of Financial Condition and Results of Operations" and the consolidated financial statements and related notes thereto included in
Item 8 of this Form 10-K in order to fully understand factors that may affect the comparability of the information presented below.
Net gains before taxes resulting from sales of an equity investment of $230 million and $40 million were recognized in 1999 and 1998,
respectively. Net charges related to Company restructuring actions of $27 million, $217 million and $179 million were recognized in 1999,
1997, and 1996, respectively. In fiscal 1997, the Company acquired NeXT, resulting in the allocation to in-process research and development
of a charge of $375 million for acquired in-process technologies with no alternative future use.
8
FOURTH QUARTER THIRD QUARTER SECOND QUARTER FIRST QUARTER
-------------- ------------- -------------- -------------
Fiscal 1999 price range per common
share............................ $80.13-$42.38 $50.00-$33.44 $47.31-$32.00 $41.31-$28.50
Fiscal 1998 price range per common
share............................ $43.75-$28.06 $31.63-$24.69 $28.00-$12.75 $24.75-$12.94
FIVE FISCAL YEARS ENDED SEPTEMBER 25, 1999 1999 1998 1997 1996 1995
(In millions, except share and per share amounts) -------- -------- -------- -------- --------
Net sales.................................... $ 6,134 $ 5,941 $ 7,081 $ 9,833 $ 11,062
Net income (loss)............................ $ 601 $ 309 $ (1,045) $ (816) $ 424
Earnings (loss) per common share:
Basic...................................... $ 4.20 $ 2.34 $ (8.29) $ (6.59) $ 3.50
Diluted.................................... $ 3.61 $ 2.10 $ (8.29) $ (6.59) $ 3.45
Cash dividends declared per common share..... $ -- $ -- $ -- $ 0.12 $ 0.48
Shares used in computing earnings (loss) per
share (in thousands):
Basic...................................... 143,157 131,974 126,062 123,734 121,192
Diluted.................................... 174,164 167,917 126,062 123,734 123,047
Cash, cash equivalents, and short-term
investments................................ $ 3,226 $ 2,300 $ 1,459 $ 1,745 $ 952
Total assets................................. $ 5,161 $ 4,289 $ 4,233 $ 5,364 $ 6,231
Long-term debt............................... $ 300 $ 954 $ 951 $ 949 $ 303
Shareholders' equity......................... $ 3,104 $ 1,642 $ 1,200 $ 2,058 $ 2,901