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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-K
(Mark One)
ÈANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended September 28, 2013
Or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission file number: 000-10030
APPLE INC.
(Exact name of registrant as specified in its charter)
California 94-2404110
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
1 Infinite Loop
Cupertino, California 95014
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (408) 996-1010
Securities registered pursuant to Section 12(b) of the Act:
Common Stock, no par value The NASDAQ Stock Market LLC
(Title of class) (Name of exchange on which registered)
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes ÈNo
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
Yes No È
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes ÈNo
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every
Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during
the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
Yes ÈNo
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not
contained herein, and will not be contained, to the best of the registrant’s knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. È
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in
Rule 12b-2 of the Exchange Act.
Large accelerated filer ÈAccelerated filer
Non-accelerated filer (Do not check if a smaller reporting company) Smaller reporting company
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).
Yes No È
The aggregate market value of the voting and non-voting stock held by non-affiliates of the registrant, as of March 29, 2013, the last
business day of the registrant’s most recently completed second fiscal quarter, was approximately $416,005,000,000. Solely for
purposes of this disclosure, shares of common stock held by executive officers and directors of the registrant as of such date have
been excluded because such persons may be deemed to be affiliates. This determination of executive officers and directors as
affiliates is not necessarily a conclusive determination for any other purposes.
899,738,000 shares of common stock were issued and outstanding as of October 18, 2013.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the registrant’s definitive proxy statement relating to its 2014 annual meeting of shareholders (the “2014 Proxy
Statement”) are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. The 2014 Proxy
Statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscal year to which
this report relates.

Table of contents

  • Page 1
    ... number, including area code: (408) 996-1010 Securities registered pursuant to Section 12(b) of the Act: Common Stock, no par value The NASDAQ Stock Market LLC (Title of class) (Name of exchange on which registered) Securities registered pursuant to Section 12(g) of the Act: None Indicate by check...

  • Page 2
    ... ...Properties ...Legal Proceedings ...Mine Safety Disclosures ...Part II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities ...Item 6. Selected Financial Data ...Item 7. Management's Discussion and Analysis of Financial Condition and...

  • Page 3
    ... iPod®, Apple TV®, a portfolio of consumer and professional software applications, the iOS and OS X® operating systems, iCloud®, and a variety of accessory, service and support offerings. The Company also sells and delivers digital content and applications through the iTunes Store®, App Store...

  • Page 4
    ... 2013, the Company's iWork productivity suite of apps for OS X became available as free downloads with all new Macs. iPod The Company's iPod line of portable digital music and media players includes iPod touch, iPod nano®, iPod shuffle® and iPod classic®. All iPods work with iTunes to purchase...

  • Page 5
    ...; Contacts; Calendar; Mail; automatic downloads and purchase history for content, applications and books; and iCloud Backup for iOS devices. Users can sign up for free access to iCloud using a device running qualifying versions of iOS or OS X. Operating System Software iOS iOS is the Company's Multi...

  • Page 6
    iTunes Store. In addition to Mail, Safari web browser, Messages, Calendars, Reminders, Contacts and the iLife® suite of software apps, Mavericks also includes a new Maps app and a new iBooks app that both work with their iOS counterparts. Application Software iLife iLife for Mac is the Company's ...

  • Page 7
    ... sample code. The Company's Developer Programs also provide developers with access tools and information for submitting their apps to the App Store and the Mac App Store. Product Support and Services AppleCare® offers a range of support options for the Company's customers. These include assistance...

  • Page 8
    ... the hardware (iPhone, iPad, Mac, and iPod), software (iOS, OS X and iTunes), online services, and distribution of digital content and applications (iTunes Store, App Store, iBooks Store and Mac App Store). Some of the Company's current and potential competitors have substantial resources and may be...

  • Page 9
    ... services and technologies to the marketplace. The Company continues to develop new technologies to enhance existing products and to expand the range of its product offerings through research and development, licensing of intellectual property and acquisition of third-party businesses and technology...

  • Page 10
    ...or financial performance. Warranty The Company offers a limited parts and labor warranty on most of its hardware products. The basic warranty period is typically one year from the date of purchase by the original end-user. The Company also offers a 90-day basic warranty for its service parts used to...

  • Page 11
    ... unemployment, financial market volatility, government austerity programs, negative financial news, declines in income or asset values and/or other factors. These worldwide and regional economic conditions could have a material adverse effect on demand for the Company's products and services. Demand...

  • Page 12
    ... to develop and sell innovative new products with attractive margins or if competitors infringe on the Company's intellectual property, the Company's ability to maintain a competitive advantage could be adversely affected. The Company markets certain mobile communication and media devices based...

  • Page 13
    ... cut prices and lowered product margins. An increasing number of Internet-enabled devices that include software applications and are smaller and simpler than traditional personal computers compete for market share with the Company's existing products. The Company's financial condition and operating...

  • Page 14
    ... periods up to 150 days. Because the Company's markets are volatile, competitive and subject to rapid technology and price changes, there is a risk the Company will forecast incorrectly and order or produce excess or insufficient amounts of components or products, or not fully utilize firm purchase...

  • Page 15
    ... disasters, information technology system failures, commercial disputes, military actions or economic, business, labor, environmental, public health, or political issues. The Company has invested in manufacturing process equipment, much of which is held at certain of its outsourcing partners, and...

  • Page 16
    ... on factors such as the market position of the Company and its products, the anticipated revenue that may be generated, continued growth of Mac sales, and the costs of developing such applications and services. If the Company's minority share of the global personal computer market causes developers...

  • Page 17
    ... restrictions, data privacy requirements, anti-competition, environmental, health, and safety. By way of example, laws and regulations related to mobile communications and media devices in the many jurisdictions in which the Company operates are extensive and subject to change. Such changes could...

  • Page 18
    ... environments in managing retail operations outside the U.S., costs associated with unanticipated fluctuations in the value of retail inventory, and the Company's inability to obtain and renew leases in quality retail locations at a reasonable cost. Investment in new business strategies and...

  • Page 19
    ...and operational consequences. The Company's business requires it to use and store customer, employee, and business partner personally identifiable information ("PII"). This may include, among other information, names, addresses, phone numbers, email addresses, contact preferences, tax identification...

  • Page 20
    ... product transitions, pricing and configuration changes, and component, warranty, and other cost fluctuations. The Company's direct sales generally have higher associated gross margins than its indirect sales through its channel partners. In addition, the Company's gross margin and operating margin...

  • Page 21
    ... accounts receivable, vendor non-trade receivables and prepayments related to long-term supply agreements, and this risk is heightened during periods when economic conditions worsen. The Company distributes its products through third-party cellular network carriers, wholesalers, retailers and value...

  • Page 22
    ... building office space and a customer support call center. In addition, the Company owned facilities for research and development and corporate functions in Cupertino, California, including land for the future development of the Company's second corporate campus. The Company also owned data centers...

  • Page 23
    ...under the heading "Risk Factors." The Company settled certain matters during the fourth quarter of 2013 that did not individually or in the aggregate have a material impact on the Company's financial condition and results of operations. The Apple iPod iTunes Antitrust Litigation (formerly Charoensak...

  • Page 24
    ... 24,710 shareholders of record. Dividends The Company paid a total of $10.5 billion and $2.5 billion in dividends during 2013 and 2012, respectively, and expects to pay quarterly dividends of $3.05 per common share each quarter, subject to declaration by the Board of Directors. Purchases of Equity...

  • Page 25
    ... in each of the Company's common stock, the S&P 500 Index, the S&P Computer Hardware Index, and the Dow Jones U.S. Technology Supersector Index as of the market close on September 30, 2008. Data points on the graph are annual. Note that historic stock price performance is not necessarily indicative...

  • Page 26
    ... of Financial Condition and Results of Operations" and the consolidated financial statements and related notes thereto included in Part II, Item 8 of this Form 10-K to fully understand factors that may affect the comparability of the information presented below (in millions, except number of shares...

  • Page 27
    ... fourth generation iPad and iPad Mini, a new MacBook Pro with Retina display, a new iPod touch, a new iMac, and expanded the rollout of iPhone 5 which began in September 2012. In June 2013 at its Worldwide Developer Conference, the Company announced iOS 7 and OS X Mavericks, announced iTunes Radio...

  • Page 28
    ...paid dividends of $10.5 billion or $11.40 per common share. In conjunction with its capital return program, in May 2013 the Company issued $17.0 billion of notes with varying maturities through 2043. Fiscal 2012 Highlights Overall net sales during 2012 increased $48.3 billion or 45% compared to 2011...

  • Page 29
    ... App Store, the Mac App Store, and the iBooks Store, and revenue from sales of AppleCare, licensing and other services. (d) Includes sales of hardware peripherals and Apple-branded and third-party accessories for iPhone, iPad, Mac and iPod. The Company's fiscal year is the 52 or 53-week period that...

  • Page 30
    ... quarter of 2012, ongoing demand during 2012 for iPhone 4 and iPhone 3GS, and expanded distribution with new carriers and resellers. iPad The following table presents iPad net sales and unit sales information for 2013, 2012 and 2011 (net sales in millions and units in thousands): 2013 Change 2012...

  • Page 31
    ..., the Company did not introduce updated versions of its Mac desktop products in 2012. iTunes, Software and Services The following table presents net sales information of iTunes, software and services for 2013, 2012 and 2011 (in millions): 2013 Change 2012 Change 2011 iTunes, software and services...

  • Page 32
    ... and software products and similar services. Further information regarding the Company's operating segments may be found in Note 11, "Segment Information and Geographic Data." Americas The following table presents Americas net sales information for 2013, 2012 and 2011 (in millions): 2013 Change 2012...

  • Page 33
    ... the third generation iPad that was introduced by the Company in March 2012 was not launched in China until the fourth quarter of 2012. Japan The following table presents Japan net sales information for 2013, 2012 and 2011 (in millions): 2013 Change 2012 Change 2011 Net sales ...Percentage of total...

  • Page 34
    ... 2013 compared to 2012 was driven by multiple factors including introduction of new versions of existing products with higher cost structures and flat or reduced pricing; a shift in sales mix to products with lower margins; introduction of iPad mini with gross margin significantly below the Company...

  • Page 35
    ...sales. Additionally, gross margin in the second half of 2012 was also affected by the introduction of new products with flat pricing that have higher cost structures and deliver greater value to customers, price reductions on certain existing products, higher transition costs associated with product...

  • Page 36
    ... services, marketing and advertising programs, and increased variable costs associated with the overall growth of the Company's net sales. Other Income and Expense Other income and expense for 2013, 2012 and 2011 are as follows (in millions): 2013 Change 2012 Change 2011 Interest and dividend...

  • Page 37
    ... Capital Resources The following table presents selected financial information and statistics as of and for the years ended September 28, 2013, September 29, 2012 and September 24, 2011 (in millions): 2013 2012 2011 Cash, cash equivalents and marketable securities ...Property, plant and equipment...

  • Page 38
    ... table presents the Company's dividends, share repurchases and net share settlement activity for 2013 and 2012 since the start of the program (in millions): Dividends and Dividend Equivalent Rights Paid Taxes Related to Settlement of Equity Awards Accelerated Share Repurchases Open Market Share...

  • Page 39
    ... capital assets, including product tooling and manufacturing process equipment, and commitments related to advertising, research and development, Internet and telecommunications services and other obligations. The Company's other non-current liabilities in the Consolidated Balance Sheets consist...

  • Page 40
    ... the Company's critical accounting policies and estimates are those related to revenue recognition, valuation and impairment of marketable securities, inventory valuation and valuation of manufacturing-related assets and estimated purchase commitment cancellation fees, warranty costs, income taxes...

  • Page 41
    ...-sale securities are reported at fair value. Unrealized gains and losses related to changes in the fair value of securities are recognized in accumulated other comprehensive income, net of tax, in the Company's Consolidated Balance Sheets. Changes in the fair value of available-for-sale securities...

  • Page 42
    ... and build inventory in advance of product shipments and has invested in manufacturing process equipment, including capital assets held at its suppliers' facilities. In addition, the Company has made prepayments to certain of its suppliers associated with long-term supply agreements to secure supply...

  • Page 43
    ...actual product failure rates or repair costs differ from estimates, revisions to the estimated warranty liabilities would be required and could materially affect the Company's results of operations. Income Taxes The Company records a tax provision for the anticipated tax consequences of the reported...

  • Page 44
    ... and marketable securities, the fair value of those securities, as well as costs associated with hedging. The Company's investment policy and strategy are focused on preservation of capital and supporting the liquidity requirements of the Company. A portion of the Company's cash is managed by...

  • Page 45
    ..., the Company performed a sensitivity analysis using a value-at-risk ("VAR") model to assess the potential impact of fluctuations in exchange rates. The VAR model consisted of using a Monte Carlo simulation to generate thousands of random market price paths assuming normal market conditions. The...

  • Page 46
    ..., 2011 ...Notes to Consolidated Financial Statements ...Selected Quarterly Financial Information (Unaudited) ...Reports of Ernst & Young LLP, Independent Registered Public Accounting Firm ... 45 46 47 48 49 50 78 79 All financial statement schedules have been omitted, since the required information...

  • Page 47
    CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) September 28, 2013 Years ended September 29, 2012 September 24, 2011 Net sales ...Cost of sales ...Gross margin ...Operating expenses: Research and development ......

  • Page 48
    CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) September 28, 2013 Years ended September 29, 2012 September 24, 2011 Net income ...Other comprehensive income/(loss): Change in foreign currency translation, net of tax effects of $35, $13 and $18, respectively ...Change in unrecognized ...

  • Page 49
    ... of shares which are reflected in thousands) September 28, 2013 September 29, 2012 ASSETS: Current assets: Cash and cash equivalents ...Short-term marketable securities ...Accounts receivable, less allowances of $99 and $98, respectively ...Inventories ...Deferred tax assets ...Vendor non-trade...

  • Page 50
    ... ...Share-based compensation ...Common stock issued under stock plans, net of shares withheld for employee taxes ...Tax benefit from equity awards, including transfer pricing adjustments ...Balances as of September 24, 2011 ...Net income ...Other comprehensive income/(loss) ...Dividends and dividend...

  • Page 51
    ...and amortization ...Share-based compensation expense ...Deferred income tax expense ...Changes in operating assets and liabilities: Accounts receivable, net ...Inventories ...Vendor non-trade receivables ...Other current and non-current assets ...Accounts payable ...Deferred revenue ...Other current...

  • Page 52
    ...media devices, personal computers, and portable digital music players, and sells a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company sells its products worldwide through its retail stores, online stores, and direct...

  • Page 53
    ... and online stores, and also sells gift cards redeemable on the iTunes Store for the purchase of digital content and software. The Company records deferred revenue upon the sale of the card, which is relieved upon redemption of the card by the customer. Revenue from AppleCare service and support...

  • Page 54
    ...Mac and Apple TV to receive on a when-and-if-available basis, future unspecified software upgrades and features relating to the product's essential software. The third deliverable is the non-software services to be provided to qualifying versions of iOS devices and Mac. The Company allocates revenue...

  • Page 55
    ...2012 and 2011, respectively. Share-based Compensation The Company recognizes expense related to share-based payment transactions in which it receives employee services in exchange for (a) equity instruments of the Company or (b) liabilities that are based on the fair value of the enterprise's equity...

  • Page 56
    ... nature of each security and its availability for use in current operations. The Company's marketable debt and equity securities are carried at fair value, with the unrealized gains and losses, net of taxes, reported as a component of shareholders' equity. The cost of securities sold is based upon...

  • Page 57
    ... of the accounts receivable balances, credit quality of the Company's customers, current economic conditions, and other factors that may affect customers' ability to pay. Inventories Inventories are stated at the lower of cost, computed using the first-in, first-out method, or market. If the cost of...

  • Page 58
    ... management's estimate of assumptions that market participants would use in pricing the asset or liability. The Company's valuation techniques used to measure the fair value of money market funds and certain marketable equity securities were derived from quoted prices in active markets for identical...

  • Page 59
    ... 29, 2012 are related primarily to long-term marketable securities. The Company may sell certain of its marketable securities prior to their stated maturities for strategic reasons including, but not limited to, anticipation of credit deterioration and duration management. During 2013, 2012 and 2011...

  • Page 60
    ... economic cost of hedging particular exposures. There can be no assurance the hedges will offset more than a portion of the financial impact resulting from movements in foreign currency exchange rates. The Company records all derivatives in the Consolidated Balance Sheets at fair value. The Company...

  • Page 61
    ...of net sales in the same period as the related revenue is recognized, and deferred gains and losses related to cash flow hedges of inventory purchases are recognized as a component of cost of sales in the same period as the related costs are recognized. Deferred gains and losses associated with cash...

  • Page 62
    ... values. As of September 28, 2013 and September 29, 2012, the Company posted $164 million and $278 million, respectively, of cash collateral related to the derivative instruments under its collateral security arrangements, which were recorded as other current assets in the Consolidated Balance Sheet...

  • Page 63
    ... Operations for the year ended September 29, 2012. Accounts Receivable Trade Receivables The Company has considerable trade receivables outstanding with its third-party cellular network carriers, wholesalers, retailers, value-added resellers, small and mid-sized businesses, and education, enterprise...

  • Page 64
    ... 21,887 (6,435) $ 15,452 Accrued Expenses 2013 2012 Accrued warranty and related costs ...Accrued taxes ...Deferred margin on component sales ...Accrued marketing and selling expenses ...Accrued compensation and employee benefits ...Other current liabilities ...Total accrued expenses ... $ 2,967...

  • Page 65
    ...gross carrying amount of goodwill was $1.6 billion and $1.1 billion as of September 28, 2013 and September 29, 2012, respectively. The Company did not have any goodwill impairment during 2013, 2012 or 2011. Amortization expense related to acquired intangible assets was $960 million, $605 million and...

  • Page 66
    ...) 602 $ 8,283 The foreign provision for income taxes is based on foreign pre-tax earnings of $30.5 billion, $36.8 billion and $24.0 billion in 2013, 2012 and 2011, respectively. The Company's consolidated financial statements provide for any related tax liability on undistributed earnings that the...

  • Page 67
    ... price. For RSUs, the Company receives an income tax benefit upon the award's vesting equal to the tax effect of the underlying stock's fair market value. The Company had net excess tax benefits from equity awards of $643 million, $1.4 billion and $1.1 billion in 2013, 2012 and 2011, respectively...

  • Page 68
    ... liabilities in the Consolidated Balance Sheets. In connection with tax matters, the Company recognized interest and penalty expense in 2013, 2012 and 2011 of $189 million, $140 million and $14 million, respectively. The Company is subject to taxation and files income tax returns in the U.S. federal...

  • Page 69
    ... quarter of 2012. Future dividends are subject to declaration by the Board of Directors. In 2012, the Company's Board of Directors authorized a program to repurchase up to $10 billion of the Company's common stock beginning in 2013. In April 2013, the Company's Board of Directors increased the share...

  • Page 70
    ... $1.95 billion was accounted for as a reduction to shareholders' equity in the Company's Consolidated Balance Sheet in the first quarter of 2013. In April 2013, the Company entered into a new ASR program with two financial institutions to purchase up to $12 billion of the Company's common stock. In...

  • Page 71
    ... the Board of Directors to prospectively change the relative mixture of stock options and RSUs for the initial and annual award grants and the methodology for determining the number of shares of the Company's common stock subject to these grants without shareholder approval. Each share issued with...

  • Page 72
    ... Company's closing stock price. Total payments for the employees' tax obligations to taxing authorities were $1.1 billion, $1.2 billion and $520 million in 2013, 2012 and 2011, respectively, and are reflected as a financing activity within the Consolidated Statements of Cash Flows. These net-share...

  • Page 73
    ... of the Company's stock option activity and related information for 2013, 2012 and 2011, is as follows: Outstanding Options WeightedAverage Weighted- Remaining Average Contractual Exercise Term Price (in years) Number of Options (in thousands) Aggregate Intrinsic Value (in millions) Balance at...

  • Page 74
    ... of its operating system and application software against legal claims that the software infringes third-party intellectual property rights. Other agreements entered into by the Company sometimes include indemnification provisions under which the Company could be subject to costs and/or damages in...

  • Page 75
    ...the Company's financial condition and operating results. The Company uses some custom components that are not commonly used by its competitors, and new products introduced by the Company often utilize custom components available from only one source. When a component or product uses new technologies...

  • Page 76
    ... obligations of $1.3 billion as of September 28, 2013, which consisted mainly of commitments to acquire capital assets, including product tooling and manufacturing process equipment, and commitments related to advertising, research and development, Internet and telecommunications services and other...

  • Page 77
    ..., vendor non-trade receivables, other long-term investments, manufacturing and corporate facilities, product tooling and manufacturing process equipment, miscellaneous corporate infrastructure, goodwill and other acquired intangible assets. Except for the Retail segment, capital asset purchases for...

  • Page 78
    ... reconciliation of the Company's segment operating income to the consolidated financial statements for 2013, 2012 and 2011, is as follows (in millions): 2013 2012 2011 Segment operating income ...Other corporate expenses, net ...Share-based compensation expense ...Total operating income ... $58,980...

  • Page 79
    ... process equipment and assets related to retail stores and related infrastructure. Information regarding net sales by product for 2013, 2012 and 2011, is as follows (in millions): 2013 2012 2011 Net Sales by Product: iPhone (a) ...iPad (a) ...Mac (a) ...iPod (a) ...iTunes, Software and Services...

  • Page 80
    ...summary of the Company's quarterly financial information for each of the four quarters of 2013 and 2012 (in millions, except per share amounts): Fourth Quarter Third Quarter Second Quarter First Quarter 2013 Net sales ...Gross margin ...Net income ...Earnings per share (a): Basic ...Diluted ... $37...

  • Page 81
    ... PUBLIC ACCOUNTING FIRM The Board of Directors and Shareholders of Apple Inc. We have audited the accompanying consolidated balance sheets of Apple Inc. as of September 28, 2013 and September 29, 2012, and the related consolidated statements of operations, comprehensive income, shareholders' equity...

  • Page 82
    ...Management's Annual Report on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on the Company's internal control over financial reporting based on our audit. We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board...

  • Page 83
    ... procedures may deteriorate. Management's Annual Report on Internal Control Over Financial Reporting The Company's management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Management conducted...

  • Page 84
    ... Control Over Financial Reporting There were no changes in the Company's internal control over financial reporting during the fourth quarter of 2013, which were identified in connection with management's evaluation required by paragraph (d) of rules 13a-15 and 15d-15 under the Exchange Act, that...

  • Page 85
    ... "Security Ownership of Certain Beneficial Owners and Management" and "Equity Compensation Plan Information" in the Company's 2014 Proxy Statement to be filed with the SEC within 120 days after September 28, 2013 and is incorporated herein by reference. Item 13. Certain Relationships and Related...

  • Page 86
    ... ended September 28, 2013, September 29, 2012 and September 24, 2011 ...Notes to Consolidated Financial Statements ...Selected Quarterly Financial Information (Unaudited) ...Reports of Ernst & Young LLP, Independent Registered Public Accounting Firm ...(2) Financial Statement Schedules 45 46 47 48...

  • Page 87
    ... or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. APPLE INC. Date: October 29, 2013 By: /s/ Peter Oppenheimer Peter Oppenheimer Senior Vice President, Chief Financial Officer Power of...

  • Page 88
    Name Title Date /s/ Arthur D. Levinson ARTHUR D. LEVINSON /s/ Ronald D. Sugar RONALD D. SUGAR Director October 29, 2013 Director October 29, 2013 86

  • Page 89
    ... Agreements outstanding as of April 5, 2012. Computation of Ratio of Earnings to Fixed Charges. Subsidiaries of the Registrant. Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm. Power of Attorney (included on the Signatures page of this Annual Report on Form 10-K). Rule...

  • Page 90
    Exhibit Number Exhibit Description Incorporated by Reference Filing Date/ Period End Form Exhibit Date 101.INS** 101.SCH** 101.CAL** ... Definition Linkbase Document. XBRL Taxonomy Extension Label Linkbase Document. XBRL Taxonomy Extension Presentation Linkbase Document. * Indicates management ...

  • Page 91
    ...Apple Inc. Computation of Ratio of Earnings to Fixed Charges (In millions, except ratios) Years ended September 28, September 29, September 24, September 25, September 26, 2013 2012 2011 2010 2009 Earnings Earnings before income taxes... of rental expense that management believes is representative of ...

  • Page 92
    Exhibit 21.1 SUBSIDIARIES OF APPLE INC.* Jurisdiction of Incorporation Apple Sales International ...Apple Operations International ...Apple Operations Europe ...Braeburn Capital, Inc...* Ireland Ireland Ireland Nevada, U.S. Pursuant to Item 601(b)(21)(ii) of Regulation S-K, the names of other ...

  • Page 93
    ...-125148) pertaining to Employee Stock Purchase Plan and 2003 Employee Stock Plan, and (9) Registration Statement (Form S-8 No. 333-75930) pertaining to 1997 Employee Stock Option Plan; of our reports dated October 29, 2013 with respect to the consolidated financial statements of Apple Inc., and the...

  • Page 94
    ... financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules...

  • Page 95
    ... financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules...

  • Page 96
    ... for the fiscal year ended September 28, 2013 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Form 10-K fairly presents in all material respects the financial condition and results of operations of Apple Inc...