Apple 2005 Annual Report Download - page 97

Download and view the complete annual report

Please find page 97 of the 2005 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.

Page out of 152

  • 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
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 11—Segment Information and Geographic Data (Continued)
A reconciliation of the Company’s segment operating income and assets to the consolidated financial statements follows (in millions):
(a)
Represents the excess of the Retail segment’s cost of sales over the Company’s standard cost of sales for products sold through the
Retail segment.
(b)
Corporate expenses include research and development, corporate marketing expenses, manufacturing costs and variances not
included in standard costs, and other separately managed general and administrative expenses including certain corporate expenses
associated with support of the Retail segment.
No single customer accounted for more than 10% of net sales in 2005, 2004, or 2003. Net sales and long
-lived assets related to operations in
the U.S., Japan, and other foreign countries are as follows (in millions):
95
2005
2004
2003
Segment operating income
$
1,661
$
989
$
620
Retail manufacturing margin (a)
435
213
106
Corporate expenses, net (b)
(446
)
(853
)
(701
)
Restructuring costs
—
(
23
)
(26
)
Consolidated operating income (loss)
$
1,650
$
326
$
(1
)
Segment assets
$
1,881
$
1,411
$
1,197
Corporate assets
9,670
6,639
$
5,618
Consolidated assets
$
11,551
$
8,050
$
6,815
Segment depreciation, amortization, and accretion
$
58
$
49
$
39
Corporate depreciation, amortization, and accretion
121
101
74
Consolidated depreciation, amortization, and accretion
$
179
$
150
$
113
2005
2004
2003
Net Sales:
U.S.
$
8,194
$
4,893
$
3,627
Japan
1,021
738
698
Other Countries
4,716
2,648
1,882
Total Net Sales
$
13,931
$
8,279
$
6,207
Long
-
Lived Assets:
U.S.
$
738
$
637
$
635
Japan
63
52
19
Other Countries
112
72
60
Total Long-Lived Assets
$
913
$
761
$
714