Apple 2012 Annual Report Download - page 60

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Vendor Non-Trade Receivables
The Company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of
components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the
Company. The Company purchases these components directly from suppliers. Vendor non-trade receivables
from three of the Company’s vendors accounted for 45%, 21% and 12% of total non-trade receivables as of
September 29, 2012 and vendor non-trade receivables from two of the Company’s vendors accounted for 53%
and 29% of total non-trade receivables as of September 24, 2011. The Company does not reflect the sale of these
components in net sales and does not recognize any profits on these sales until the related products are sold by
the Company, at which time any profit is recognized as a reduction of cost of sales.
Note 3 –Consolidated Financial Statement Details
The following tables show the Company’s consolidated financial statement details as of September 29, 2012 and
September 24, 2011 (in millions):
Property, Plant and Equipment
2012 2011
Land and buildings ......................................................... $ 2,439 $ 2,059
Machinery, equipment and internal-use software .................................. 15,743 6,926
Officefurnitureandequipment................................................ 241 184
Leasehold improvements ..................................................... 3,464 2,599
Gross property, plant and equipment ....................................... 21,887 11,768
Accumulated depreciation and amortization ...................................... (6,435) (3,991)
Net property, plant and equipment ......................................... $15,452 $ 7,777
Accrued Expenses
2012 2011
Accrued warranty and related costs ............................................. $ 1,638 $ 1,240
Accrued taxes .............................................................. 1,535 1,140
Deferred margin on component sales ............................................ 1,492 2,038
Accrued marketing and selling expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 910 598
Accrued compensation and employee benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 735 590
Other current liabilities ....................................................... 5,104 3,641
Total accrued expenses ................................................... $11,414 $ 9,247
Non-Current Liabilities
2012 2011
Deferred tax liabilities ....................................................... $13,847 $ 8,159
Other non-current liabilities .................................................. 2,817 1,941
Total other non-current liabilities .......................................... $16,664 $10,100
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