Apple 2015 Annual Report Download - page 41

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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 26,
2015 September 27,
2014 September 28,
2013
Net sales $ 233,715 $ 182,795 $ 170,910
Cost of sales 140,089 112,258 106,606
Gross margin 93,626 70,537 64,304
Operating expenses:
Research and development 8,067 6,041 4,475
Selling, general and administrative 14,329 11,993 10,830
Total operating expenses 22,396 18,034 15,305
Operating income 71,230 52,503 48,999
Other income/(expense), net 1,285 980 1,156
Income before provision for income taxes 72,515 53,483 50,155
Provision for income taxes 19,121 13,973 13,118
Net income $ 53,394 $ 39,510 $ 37,037
Earnings per share:
Basic $ 9.28 $ 6.49 $ 5.72
Diluted $ 9.22 $ 6.45 $ 5.68
Shares used in computing earnings per share:
Basic 5,753,421 6,085,572 6,477,320
Diluted 5,793,069 6,122,663 6,521,634
Cash dividends declared per share $ 1.98 $ 1.82 $ 1.64
See accompanying Notes to Consolidated Financial Statements.
Apple Inc. | 2015 Form 10-K | 39