Apple 2001 Annual Report Download - page 32

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See accompanying notes to consolidated financial statements.
40
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
Change in unrealized gain on
available
-
for
-
sale securities, net of tax
—
—
—
—
—
—
142
142
Total comprehensive income
746
Common stock issued under stock option
and purchase plans — —
8,428
86
— — —
86
Common stock issued in connection with
the Company's redemption of long term
debt — —
45,284
654
— — —
654
Common stock repurchased
—
—
(
2,500
)
(75
)
—
—
—
(
75
)
Tax benefit related to disqualifying
dispositions of stock options — — —
51
— — —
51
Balances as of September 25, 1999
150
150
321,598
1,349
1,499
—
106
3,104
Components of comprehensive income:
Net income
786
786
Foreign currency translation — — — — — — (
17
)
(17
)
Change in unrealized gain on
available
-
for
-
sale securities, net of tax
—
—
—
—
—
—
155
155
Total comprehensive income
924
Common stock issued under stock option
and purchase plans
—
—
7,632
85
—
—
—
85
Conversion of Series A preferred stock
(74
)
(74
)
9,000
74
— — — —
Common stock repurchased — — (
2,553
)
(116
) — — — (
116
)
Tax benefit related to disqualifying
dispositions of stock options
—
—
—
110
—
—
—
110
Balances as of September 30, 2000
76
76
335,677
1,502
2,285
—
244
4,107
Components of comprehensive income
(loss):
Net income(loss)
(25
)
(25
)
Foreign currency translation — — — — — — (
3
)
(3
)
Change in unrealized gain on
available
-
for
-
sales ecurities, net of tax
—
—
—
—
—
—
(
267
)
(267
)
Change in unrealized gain on
derivative investments, net of tax — — — — — —
4
4
Total comprehensive income
(loss)
(291
)
Issuance of common stock and
assumption of stock options in connection
with acquisition — —
2,403
66
— (
13
) —
53
Amortization of acquisition-related
deferred stock compensation — — — — —
2
—
2
Common stock issued under stock option
and purchase plans — —
3,660
42
— —
42
Conversion of Series A preferred stock
(76
)
(76
)
9,182
76
— — — —
Tax benefit related to disqualifying
dispositions of stock options — — —
7
— — —
7
Balances as of September 29, 2001 — $ —
350,922
$
1,693
$
2,260
$
(11
) $
(22
) $
3,920
Three fiscal years ended September 29, 2001
2001
2000
1999
Cash and cash equivalents, beginning of the year
$
1,191
$
1,326
$
1,481
Operating:
Net income (loss)
(25
)
786
601
Cumulative effect of accounting change, net of taxes
(12
)
—
—
Adjustments to reconcile net income to cash generated by operating activities: