Apple 2014 Annual Report Download - page 70

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Future principal payments for the Company’s Notes as of September 27, 2014, are as follows (in millions):
2015 $0
2016 2,500
2017 2,500
2018 6,000
2019 3,000
Thereafter 15,000
Total $29,000
As of September 27, 2014 and September 28, 2013, the fair value of the Company’s Notes, based on Level 2 inputs, was
$28.5 billion and $15.9 billion, respectively.
Note 7 – Shareholders’ Equity
Preferred and Common Stock
During the second quarter of 2014, the Company’s shareholders approved amendments (the “Amendments”) to the
Company’s Restated Articles of Incorporation. The Amendments included the elimination of the Board of Directors’ authority to
issue preferred stock and established a par value for the Company’s common stock of $0.00001 per share.
Dividends
The Company declared and paid cash dividends per common share during the periods presented as follows:
Dividends
Per Share Amount
(in millions)
2014:
Fourth quarter $0.47 $ 2,807
Third quarter 0.47 2,830
Second quarter 0.44 2,655
First quarter 0.44 2,739
Total $1.82 $11,031
2013:
Fourth quarter $0.44 $ 2,763
Third quarter 0.44 2,789
Second quarter 0.38 2,490
First quarter 0.38 2,486
Total $1.64 $10,528
The Company paid cash dividends of $0.38 per share, totaling $2.5 billion, during the fourth quarter of 2012. Future dividends
are subject to declaration by the Board of Directors.
Apple Inc. | 2014 Form 10-K | 68