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APPLE THREE-YEAR FINANCIAL HISTORY

Results of Operations
($ millions, except shares in thousands and per share amounts)

FY 2013

FY 2012

FY 2011

Net sales:
Domestic
International
Total net sales

$66,197
104,713
170,910

$60,949
95,559
156,508

$41,812
66,437
108,249

Cost of sales
Gross margin

106,606
64,304

87,846
68,662

64,431
43,818

Operating Expenses:
Research and development (R&D)
Selling, general and administrative (SG&A)
Total operating expenses

4,475
10,830
15,305

3,381
10,040
13,421

2,429
7,599
10,028

Operating income
Other income/(expense), net
Income before provision for income taxes
Provision for income taxes

48,999
1,156
50,155
13,118

55,241
522
55,763
14,030

33,790
415
34,205
8,283

Net income

$37,037

$41,733

$25,922

Diluted earnings per share


Shares used in computing diluted earnings per share
Cash dividends declared per common share

$39.75
931,662
$11.40

$44.15
945,355
$2.65

$27.68
936,645
$0.00

September 28, 2013

September 29, 2012

September 24, 2011

$146,761
$13,102
$1,764
$16,597
$207,000
$43,658
$39,793
$123,549

$121,251
$10,930
$791
$15,452
$176,064
$38,542
$19,312
$118,210

$81,570
$5,369
$776
$7,777
$116,371
$27,970
$11,786
$76,615

September 28, 2013

September 29, 2012

September 24, 2011

80,300
4,100
84,400

72,800
3,300
76,100

60,400
2,900
63,300

Financial Position
($ millions)
Cash, cash equivalents and marketable securities
Accounts receivable, net
Inventories
Property, plant and equipment, net
Total assets
Current liabilities
Non-current liabilities
Shareholders' equity
Other Data (Unaudited)
Regular employees
Temporary employees and contractors
Total headcount

FY 2013
International net sales as a percentage of total net sales
Gross margin as a percentage of net sales
R&D as a percentage of net sales
SG&A as a percentage of net sales
Operating income as a percentage of net sales
Net income as a percentage of net sales
Price range per common share

61%
37.6%
3%
6%
28.7%
21.7%
$385.10 - $676.75

FY 2012
61%
43.9%
2%
6%
35.3%
26.7%
$354.24 - $705.07

FY 2011
61%
40.5%
2%
7%
31.2%
23.9%
$275.00 - $422.86

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