Apple 2013 Annual Report Download - page 47

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CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except number of shares which are reflected in thousands and per share amounts)
Years ended
September 28, 2013 September 29, 2012 September 24, 2011
Net sales ..................................... $170,910 $156,508 $108,249
Cost of sales .................................. 106,606 87,846 64,431
Gross margin .............................. 64,304 68,662 43,818
Operating expenses:
Research and development ................... 4,475 3,381 2,429
Selling, general and administrative ............. 10,830 10,040 7,599
Total operating expenses ................. 15,305 13,421 10,028
Operating income .............................. 48,999 55,241 33,790
Other income/(expense), net ...................... 1,156 522 415
Income before provision for income taxes ........... 50,155 55,763 34,205
Provision for income taxes ....................... 13,118 14,030 8,283
Net income ................................... $ 37,037 $ 41,733 $ 25,922
Earnings per share:
Basic .................................... $ 40.03 $ 44.64 $ 28.05
Diluted ................................... $ 39.75 $ 44.15 $ 27.68
Shares used in computing earnings per share:
Basic .................................... 925,331 934,818 924,258
Diluted ................................... 931,662 945,355 936,645
Cash dividends declared per common share .......... $ 11.40 $ 2.65 $ 0.00
See accompanying Notes to Consolidated Financial Statements.
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