Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Apple Inc., adjusted total assets

US$ in millions

	Sep 30, 2023	Sep 24, 2022	Sep 25, 2021	Sep 26, 2020	Sep 28, 2019	Sep 29, 2018
As Reported
Total assets	352,583)	352,755)	351,002)	323,888)	338,516)	365,725)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	8,535)	7,973)
Less: Deferred tax assets²	17,852)	15,375)	13,073)	8,157)	8,045)	5,834)
After Adjustment
Adjusted total assets	334,731)	337,380)	337,929)	315,731)	339,006)	367,864)

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

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Apple Inc., adjusted current liabilities

US$ in millions

	Sep 30, 2023	Sep 24, 2022	Sep 25, 2021	Sep 26, 2020	Sep 28, 2019	Sep 29, 2018
As Reported
Current liabilities	145,308)	153,982)	125,481)	105,392)	105,718)	116,866)
Adjustments
Less: Current deferred revenue	8,061)	7,912)	7,612)	6,643)	5,522)	7,543)
After Adjustment
Adjusted current liabilities	137,247)	146,070)	117,869)	98,749)	100,196)	109,323)

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

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Apple Inc., adjusted total liabilities

US$ in millions

	Sep 30, 2023	Sep 24, 2022	Sep 25, 2021	Sep 26, 2020	Sep 28, 2019	Sep 29, 2018
As Reported
Total liabilities	290,437)	302,083)	287,912)	258,549)	248,028)	258,578)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	8,535)	7,973)
Less: Deferred tax liabilities²	601)	838)	—)	—)	—)	—)
Less: Deferred revenue	12,100)	12,400)	11,900)	10,200)	8,100)	10,340)
After Adjustment
Adjusted total liabilities	277,736)	288,845)	276,012)	248,349)	248,463)	256,211)

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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Apple Inc., adjusted shareholders’ equity

US$ in millions

	Sep 30, 2023	Sep 24, 2022	Sep 25, 2021	Sep 26, 2020	Sep 28, 2019	Sep 29, 2018
As Reported
Shareholders’ equity	62,146)	50,672)	63,090)	65,339)	90,488)	107,147)
Adjustments
Less: Net deferred tax assets (liabilities)¹	17,251)	14,537)	13,073)	8,157)	8,045)	5,834)
Add: Deferred revenue	12,100)	12,400)	11,900)	10,200)	8,100)	10,340)
After Adjustment
Adjusted shareholders’ equity	56,995)	48,535)	61,917)	67,382)	90,543)	111,653)

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

¹ Net deferred tax assets (liabilities). See details »

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Apple Inc., adjusted capitalization table

US$ in millions

	Sep 30, 2023	Sep 24, 2022	Sep 25, 2021	Sep 26, 2020	Sep 28, 2019	Sep 29, 2018
As Reported
Current portion of finance leases	165)	129)	79)	24)	—)	—)
Commercial paper	5,985)	9,982)	6,000)	4,996)	5,980)	11,964)
Current portion of term debt	9,822)	11,128)	9,613)	8,773)	10,260)	8,784)
Non-current portion of term debt	95,281)	98,959)	109,106)	98,667)	91,807)	93,735)
Non-current portion of finance leases	859)	812)	769)	637)	—)	—)
Total reported debt	112,112)	121,010)	125,567)	113,097)	108,047)	114,483)
Shareholders’ equity	62,146)	50,672)	63,090)	65,339)	90,488)	107,147)
Total reported capital	174,258)	171,682)	188,657)	178,436)	198,535)	221,630)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	8,535)	7,973)
Add: Lease liabilities, operating leases (included in Other current liabilities)²	1,410)	1,534)	1,449)	1,436)	—)	—)
Add: Lease liabilities, operating leases (included in Other non-current liabilities)³	10,408)	9,936)	9,506)	7,745)	—)	—)
Adjusted total debt	123,930)	132,480)	136,522)	122,278)	116,582)	122,456)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	17,251)	14,537)	13,073)	8,157)	8,045)	5,834)
Add: Deferred revenue	12,100)	12,400)	11,900)	10,200)	8,100)	10,340)
Adjusted shareholders’ equity	56,995)	48,535)	61,917)	67,382)	90,543)	111,653)
After Adjustment
Adjusted total capital	180,925)	181,015)	198,439)	189,660)	207,125)	234,109)

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Lease liabilities, operating leases (included in Other current liabilities). See details »

³ Lease liabilities, operating leases (included in Other non-current liabilities). See details »

⁴ Net deferred tax assets (liabilities). See details »

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Apple Inc., adjusted net sales

US$ in millions

12 months ended:	Sep 30, 2023	Sep 24, 2022	Sep 25, 2021	Sep 26, 2020	Sep 28, 2019	Sep 29, 2018
As Reported
Net sales	383,285)	394,328)	365,817)	274,515)	260,174)	265,595)
Adjustment
Add: Increase (decrease) in deferred revenue	(300)	500)	1,700)	2,100)	(700)	(44)
After Adjustment
Adjusted net sales	382,985)	394,828)	367,517)	276,615)	259,474)	265,551)

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

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Apple Inc., adjusted net income

US$ in millions

12 months ended:	Sep 30, 2023	Sep 24, 2022	Sep 25, 2021	Sep 26, 2020	Sep 28, 2019	Sep 29, 2018
As Reported
Net income	96,995)	99,803)	94,680)	57,411)	55,256)	59,531)
Adjustments
Add: Deferred income tax expense (benefit)¹	(3,024)	895)	(4,774)	(215)	(340)	(32,590)
Add: Increase (decrease) in deferred revenue	(300)	500)	1,700)	2,100)	(700)	(44)
Add: Other comprehensive income (loss)	(343)	(11,272)	569)	42)	2,781)	(3,026)
After Adjustment
Adjusted net income	93,328)	89,926)	92,175)	59,338)	56,997)	23,871)

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

¹ Deferred income tax expense (benefit). See details »

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Apple Inc. (NASDAQ:AAPL)

Adjustments to Financial Statements

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income