Apple 2014 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 27,
2014 September 28,
2013 September 29,
2012
Net sales $ 182,795 $ 170,910 $ 156,508
Cost of sales 112,258 106,606 87,846
Gross margin 70,537 64,304 68,662
Operating expenses:
Research and development 6,041 4,475 3,381
Selling, general and administrative 11,993 10,830 10,040
Total operating expenses 18,034 15,305 13,421
Operating income 52,503 48,999 55,241
Other income/(expense), net 980 1,156 522
Income before provision for income taxes 53,483 50,155 55,763
Provision for income taxes 13,973 13,118 14,030
Net income $ 39,510 $ 37,037 $ 41,733
Earnings per share:
Basic $ 6.49 $ 5.72 $ 6.38
Diluted $ 6.45 $ 5.68 $ 6.31
Shares used in computing earnings per share:
Basic 6,085,572 6,477,320 6,543,726
Diluted 6,122,663 6,521,634 6,617,483
Cash dividends declared per common share $ 1.82 $ 1.64 $ 0.38
See accompanying Notes to Consolidated Financial Statements.
Apple Inc. | 2014 Form 10-K | 45