LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current liabilities:
Accounts payable
$
64,115 $
54,763
Other current liabilities
60,845
47,493
Deferred revenue
7,912
7,612
Commercial paper
9,982
6,000
Term debt
11,128
9,613
Total current liabilities
153,982
125,481
Non-current liabilities:
Term debt
98,959
109,106
Other non-current liabilities
49,142
53,325
Total non-current liabilities
148,101
162,431
Total liabilities
302,083
287,912
Commitments and contingencies
Shareholders’ equity:
Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares
authorized; 15,943,425 and 16,426,786 shares issued and outstanding, respectively
64,849
57,365
Retained earnings/(Accumulated deficit)
(3,068)
5,562
Accumulated other comprehensive income/(loss)
(11,109)
163
Total shareholders’ equity
50,672
63,090
Total liabilities and shareholders’ equity
$
352,755 $
351,002
See accompanying Notes to Consolidated Financial Statements.
Apple Inc. | 2022 Form 10-K | 31
Apple Inc.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In millions, except per share amounts)
Years ended
September 24,
2022
September 25,
2021
September 26,
2020
Total shareholders’ equity, beginning balances
$
63,090 $
65,339 $
90,488
Common stock and additional paid-in capital:
Beginning balances
57,365
50,779
45,174
Common stock issued
1,175
1,105
880
Common stock withheld related to net share settlement of equity
awards
(2,971)
(2,627)
(2,250)
Share-based compensation
9,280
8,108
6,975
Ending balances
64,849
57,365
50,779
Retained earnings/(Accumulated deficit):
Beginning balances
5,562
14,966
45,898
Net income
99,803
94,680
57,411
Dividends and dividend equivalents declared
(14,793)
(14,431)
(14,087)
Common stock withheld related to net share settlement of equity
awards
(3,454)
(4,151)
(1,604)
Common stock repurchased
(90,186)
(85,502)
(72,516)
Cumulative effect of change in accounting principle
—
—
(136)
Ending balances
(3,068)
5,562
14,966
Accumulated other comprehensive income/(loss):
Beginning balances
163
(406)
(584)
Other comprehensive income/(loss)
(11,272)
569
42
Cumulative effect of change in accounting principle
—
—
136
Ending balances
(11,109)
163
(406)
Total shareholders’ equity, ending balances
$
50,672 $
63,090 $
65,339
Dividends and dividend equivalents declared per share or RSU
$
0.90 $
0.85 $
0.795
See accompanying Notes to Consolidated Financial Statements.
Apple Inc. | 2022 Form 10-K | 32
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