Apple 2000 Annual Report Download - page 13

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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 1,
2000, there were 24,998 shareholders of record.
On June 21, 2000, the Company effected a two-for-one stock split in the form of a Common Stock dividend to shareholders of record as of
May 19, 2000. All share price and per share data and numbers of Common shares have been retroactively adjusted to reflect the stock split.
The Company did not pay cash dividends in either fiscal 2000 or 1999. 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 $367 million, $230 million, and $40 million were recognized in 2000,
1999, and 1998, respectively. Net charges related to Company
10
FOURTH QUARTER THIRD QUARTER SECOND QUARTER FIRST QUARTER
-------------- ------------- -------------- -------------
Fiscal 2000 price range per common
share............................ $64.13-$25.38 $69.75-$40.19 $75.19-$43.25 $59.00-$28.72
Fiscal 1999 price range per common
share............................ $40.07-$21.19 $25.00-$16.72 $23.66-$16.00 $20.66-$14.25
FIVE FISCAL YEARS ENDED SEPTEMBER 30, 2000 2000 1999 1998 1997 1996
(In millions, except share and per share amounts) -------- -------- -------- -------- --------
Net sales.................................... $ 7,983 $ 6,134 $ 5,941 $ 7,081 $ 9,833
Net income (loss)............................ $ 786 $ 601 $ 309 $ (1,045) $ (816)
Earnings (loss) per common share:
Basic...................................... $ 2.42 $ 2.10 $ 1.17 $ (4.15) $ (3.30)
Diluted.................................... $ 2.18 $ 1.81 $ 1.05 $ (4.15) $ (3.30)
Cash dividends declared per common share..... $ -- $ -- $ -- $ -- $ 0.12
Shares used in computing earnings (loss) per
share (in thousands):
Basic...................................... 324,568 286,314 263,948 252,124 247,468
Diluted.................................... 360,324 348,328 335,834 252,124 247,468
Cash, cash equivalents, and short-term
investments................................ $ 4,027 $ 3,226 $ 2,300 $ 1,459 $ 1,745
Total assets................................. $ 6,803 $ 5,161 $ 4,289 $ 4,233 $ 5,364
Long-term debt............................... $ 300 $ 300 $ 954 $ 951 $ 949
Shareholders' equity......................... $ 4,107 $ 3,104 $ 1,642 $ 1,200 $ 2,058