Apple 2014 Annual Report Download - page 72

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Additionally, the Company repurchased shares of its common stock in the open market, which were retired upon repurchase,
during the periods presented as follows:
Number of
Shares
(in thousands)
Average
Repurchase
Price Per
Share Amount
(in millions)
2014:
Fourth quarter 81,255 $98.46 $ 8,000
Third quarter 58,661 $85.23 5,000
Second quarter 79,749 $75.24 6,000
First quarter 66,847 $74.79 5,000
Total 286,512 $24,000
2013:
Fourth quarter 73,064 $68.43 $ 5,000
Third quarter 62,676 $63.82 4,000
Second quarter 0$0 0
First quarter 0$0 0
Total 135,740 $ 9,000
Note 8 – Comprehensive Income
Comprehensive income consists of two components, net income and OCI. OCI refers to revenue, expenses, and gains and
losses that under GAAP are recorded as an element of shareholders’ equity but are excluded from net income. The Company’s
OCI consists of foreign currency translation adjustments from those subsidiaries not using the U.S. dollar as their functional
currency, net deferred gains and losses on certain derivative instruments accounted for as cash flow hedges and unrealized
gains and losses on marketable securities classified as available-for-sale.
The following table shows the gross amounts reclassified from AOCI into the Consolidated Statements of Operations and the
associated financial statement line item for 2014 (in millions):
Comprehensive Income Components Financial Statement Line Item 2014
Unrecognized gains/losses on derivative instruments:
Foreign exchange contracts Revenue $ 449
Cost of sales (295)
Other income/expense, net 15
Interest rate contracts Other income/expense, net 16
185
Unrealized gains/losses on marketable securities Other income/expense, net (205)
Total amounts reclassified from AOCI $ (20)
Apple Inc. | 2014 Form 10-K | 70