Adjustments to Financial Statements
Advanced level
Adjustments to Total Assets
Apple Inc., adjusted total assets
US$ in millions
|
|
Sep 26, 2020 |
Sep 28, 2019 |
Sep 29, 2018 |
Sep 30, 2017 |
Sep 24, 2016 |
Sep 26, 2015 |
|
As Reported |
|
|
Total assets |
323,888 | 338,516 | 365,725 | 375,319 | 321,686 | 290,479 |
|
Adjustments |
|
|
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 |
— | 8,535 | 7,973 | 8,069 | 6,540 | 5,572 |
|
|
Less: Noncurrent deferred tax assets, net2 |
8,157 | 8,045 | 5,834 | — | — | — |
|
After Adjustment |
|
|
Adjusted total assets |
315,731 |
339,006 |
367,864 |
383,388 |
328,226 |
296,051 |
Based on:
10-K (filing date: 2020-10-30),
10-K (filing date: 2019-10-31),
10-K (filing date: 2018-11-05),
10-K (filing date: 2017-11-03),
10-K (filing date: 2016-10-26),
10-K (filing date: 2015-10-28).
1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »
2 Noncurrent deferred tax assets, net. See details »
Adjustments to Current Liabilities
Apple Inc., adjusted current liabilities
US$ in millions
|
|
Sep 26, 2020 |
Sep 28, 2019 |
Sep 29, 2018 |
Sep 30, 2017 |
Sep 24, 2016 |
Sep 26, 2015 |
|
As Reported |
|
|
Current liabilities |
105,392 | 105,718 | 116,866 | 100,814 | 79,006 | 80,610 |
|
Adjustments |
|
|
Less: Deferred revenue, current |
6,643 | 5,522 | 7,543 | 7,548 | 8,080 | 8,940 |
|
After Adjustment |
|
|
Adjusted current liabilities |
98,749 |
100,196 |
109,323 |
93,266 |
70,926 |
71,670 |
Based on:
10-K (filing date: 2020-10-30),
10-K (filing date: 2019-10-31),
10-K (filing date: 2018-11-05),
10-K (filing date: 2017-11-03),
10-K (filing date: 2016-10-26),
10-K (filing date: 2015-10-28).
Adjustments to Total Liabilities
Apple Inc., adjusted total liabilities
US$ in millions
|
|
Sep 26, 2020 |
Sep 28, 2019 |
Sep 29, 2018 |
Sep 30, 2017 |
Sep 24, 2016 |
Sep 26, 2015 |
|
As Reported |
|
|
Total liabilities |
258,549 | 248,028 | 258,578 | 241,272 | 193,437 | 171,124 |
|
Adjustments |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
— | 8,535 | 7,973 | 8,069 | 6,540 | 5,572 |
|
|
Less: Noncurrent deferred tax liabilities2 |
— | — | — | 27,588 | 21,906 | 16,260 |
|
|
Less: Deferred revenue |
10,200 | 8,100 | 10,340 | 10,384 | 11,010 | 12,564 |
|
|
Less: Accrued warranty and related costs |
3,354 | 3,570 | 3,692 | 3,834 | 3,702 | 4,780 |
|
After Adjustment |
|
|
Adjusted total liabilities |
244,995 |
244,893 |
252,519 |
207,535 |
163,359 |
143,092 |
Based on:
10-K (filing date: 2020-10-30),
10-K (filing date: 2019-10-31),
10-K (filing date: 2018-11-05),
10-K (filing date: 2017-11-03),
10-K (filing date: 2016-10-26),
10-K (filing date: 2015-10-28).
1 Operating lease liability (before adoption of FASB Topic 842). See details »
2 Noncurrent deferred tax liabilities. See details »
Adjustments to Stockholders’ Equity
Apple Inc., adjusted shareholders’ equity
US$ in millions
|
|
Sep 26, 2020 |
Sep 28, 2019 |
Sep 29, 2018 |
Sep 30, 2017 |
Sep 24, 2016 |
Sep 26, 2015 |
|
As Reported |
|
|
Shareholders’ equity |
65,339 | 90,488 | 107,147 | 134,047 | 128,249 | 119,355 |
|
Adjustments |
|
|
Less: Net deferred tax assets (liabilities)1 |
8,157 | 8,045 | 5,834 | (27,588) | (21,906) | (16,260) |
|
|
Add: Deferred revenue |
10,200 | 8,100 | 10,340 | 10,384 | 11,010 | 12,564 |
|
|
Add: Accrued warranty and related costs |
3,354 | 3,570 | 3,692 | 3,834 | 3,702 | 4,780 |
|
After Adjustment |
|
|
Adjusted shareholders’ equity |
70,736 |
94,113 |
115,345 |
175,853 |
164,867 |
152,959 |
Based on:
10-K (filing date: 2020-10-30),
10-K (filing date: 2019-10-31),
10-K (filing date: 2018-11-05),
10-K (filing date: 2017-11-03),
10-K (filing date: 2016-10-26),
10-K (filing date: 2015-10-28).
Adjustments to Capitalization Table
Apple Inc., adjusted capitalization table
US$ in millions
|
|
Sep 26, 2020 |
Sep 28, 2019 |
Sep 29, 2018 |
Sep 30, 2017 |
Sep 24, 2016 |
Sep 26, 2015 |
|
As Reported |
|
|
Commercial paper |
4,996 | 5,980 | 11,964 | 11,977 | 8,105 | 8,499 |
|
|
Current portion of term debt |
8,773 | 10,260 | 8,784 | 6,496 | 3,500 | 2,500 |
|
|
Non-current portion of term debt |
98,667 | 91,807 | 93,735 | 97,207 | 75,427 | 53,463 |
|
|
Total reported debt |
112,436 |
108,047 |
114,483 |
115,680 |
87,032 |
64,462 |
|
|
Shareholders’ equity |
65,339 | 90,488 | 107,147 | 134,047 | 128,249 | 119,355 |
|
|
Total reported capital |
177,775 |
198,535 |
221,630 |
249,727 |
215,281 |
183,817 |
|
Adjustments to Debt |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
— | 8,535 | 7,973 | 8,069 | 6,540 | 5,572 |
|
|
Add: Lease liabilities, operating leases (included in Other current liabilities)2 |
1,436 | — | — | — | — | — |
|
|
Add: Lease liabilities, operating leases (included in Other non-current liabilities)3 |
7,745 | — | — | — | — | — |
|
|
Adjusted total debt |
121,617 |
116,582 |
122,456 |
123,749 |
93,572 |
70,034 |
|
Adjustments to Equity |
|
|
Less: Net deferred tax assets (liabilities)4 |
8,157 | 8,045 | 5,834 | (27,588) | (21,906) | (16,260) |
|
|
Add: Deferred revenue |
10,200 | 8,100 | 10,340 | 10,384 | 11,010 | 12,564 |
|
|
Add: Accrued warranty and related costs |
3,354 | 3,570 | 3,692 | 3,834 | 3,702 | 4,780 |
|
|
Adjusted shareholders’ equity |
70,736 |
94,113 |
115,345 |
175,853 |
164,867 |
152,959 |
|
After Adjustment |
|
|
Adjusted total capital |
192,353 |
210,695 |
237,801 |
299,602 |
258,439 |
222,993 |
Based on:
10-K (filing date: 2020-10-30),
10-K (filing date: 2019-10-31),
10-K (filing date: 2018-11-05),
10-K (filing date: 2017-11-03),
10-K (filing date: 2016-10-26),
10-K (filing date: 2015-10-28).
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 »
Adjustments to Revenues
Apple Inc., adjusted net sales
US$ in millions
|
12 months ended: |
Sep 26, 2020 |
Sep 28, 2019 |
Sep 29, 2018 |
Sep 30, 2017 |
Sep 24, 2016 |
Sep 26, 2015 |
|
As Reported |
|
|
Net sales |
274,515 | 260,174 | 265,595 | 229,234 | 215,639 | 233,715 |
|
Adjustment |
|
|
Add: Increase (decrease) in deferred revenue |
2,100 | (700) | (44) | (626) | (1,554) | 1,042 |
|
After Adjustment |
|
|
Adjusted net sales |
276,615 |
259,474 |
265,551 |
228,608 |
214,085 |
234,757 |
Based on:
10-K (filing date: 2020-10-30),
10-K (filing date: 2019-10-31),
10-K (filing date: 2018-11-05),
10-K (filing date: 2017-11-03),
10-K (filing date: 2016-10-26),
10-K (filing date: 2015-10-28).
Adjustments to Reported Income
Apple Inc., adjusted net income
US$ in millions
|
12 months ended: |
Sep 26, 2020 |
Sep 28, 2019 |
Sep 29, 2018 |
Sep 30, 2017 |
Sep 24, 2016 |
Sep 26, 2015 |
|
As Reported |
|
|
Net income |
57,411 | 55,256 | 59,531 | 48,351 | 45,687 | 53,394 |
|
Adjustments |
|
|
Add: Deferred income tax expense (benefit)1 |
(215) | (340) | (32,590) | 5,966 | 4,938 | 1,382 |
|
|
Add: Increase (decrease) in deferred revenue |
2,100 | (700) | (44) | (626) | (1,554) | 1,042 |
|
|
Add: Increase (decrease) in accrued warranty and related costs |
(216) | (122) | (142) | 132 | (1,078) | 621 |
|
|
Add: Other comprehensive income (loss) |
42 | 2,781 | (3,026) | (784) | 979 | (1,427) |
|
After Adjustment |
|
|
Adjusted net income |
59,122 |
56,875 |
23,729 |
53,039 |
48,972 |
55,012 |
Based on:
10-K (filing date: 2020-10-30),
10-K (filing date: 2019-10-31),
10-K (filing date: 2018-11-05),
10-K (filing date: 2017-11-03),
10-K (filing date: 2016-10-26),
10-K (filing date: 2015-10-28).
