Apple Inc. Profile 1 Apple Park Way Cupertino, CA 95014 United States Phone : +1-408-996-1010 http://www.apple.com WELCOME Hoover's is the business information resource that delivers a unique combination of up-to-date data, broad coverage, and comprehensive information about companies, decision makers, and industries - along with powerful tools to put this information to work for your business. Hoover's offers everything you need to successfully: * Identify and evaluate potential sales leads, markets, and business partners * Deepen relationships with current customers * Assess competitive risks and eliminate threats * Build presentation-ready reports and customized lists of companies, industries, and decision makers Unlike other business information providers, only Hoover's has a full-time, in-house editorial and research team dedicated wholly to investigating, pinpointing, authenticating, and analyzing data to provide the most comprehensive, up-to-date information available on companies, industries, and executives. HIDDEN TEXT TO MARK THE BEGINNING OF THE TOC 866-541-3770 • HOOVERS.COM Aug 29, 2019 • PAGE i Table of Contents Company Overview 2 Key Information 2 Key Financials 2 Company Rankings 2 Key People 3 Company Description 4 Company History 6 Industry Information 9 People 10 People 11 Board Members 13 Biographies 13 Arthur D. (Art) Levinson 14 Jeffrey E. (Jeff) Williams 14 Luca Maestri 15 Jonathan Ive 15 Angela Ahrendts 16 Eduardo H. (Eddy) Cue 17 Craig Federighi 17 Daniel (Dan) Riccio 18 Philip W. Schiller 18 D. Bruce Sewell 19 Johny Srouji 19 Devesh Agrawal 20 Harsha Godugu 20 Kiran Kattel 20 Jinkwang Kim 20 Gershon Rosenblum 20 Andrew Vogan 20 Yun Wang 21 Yevgeny Abramovich 21 Adam Amoroso 21 Kerstin Anderson 21 Susan Andrews 21 Vivian Azeredo 21 866-541-3770 • HOOVERS.COM Aug 29, 2019 • PAGE i Ethan Brauel 21 Jennifer Brown 21 Katelyn Cabibbo 21 Maria Calleja 22 Brian Carr 22 Dina Cretaro 22 Mike Ellis 22 Diego Esposito 22 Daniel Feinberg 22 Julian Friedman 22 Elisa Gaxiola 22 Hiromi Ginepio 22 Amit Gomber 23 Noah Harbison 23 Ariel Holley 23 Pocheong Hui 23 Colby James 23 Lauren Kaufman 23 Mario Lardieri 23 Matthew Marsh 23 Matt Maurer 23 Brittany Mendoza 24 Brandon Prather 24 Paul Ramsbottom 24 Nick Santomauro 24 Jacqueline Shaw 24 CINDY TORRES 24 Company Financials 23 Financial Summary 23 Annual Income Statement 25 Quarterly Income Statement 26 Annual Balance Sheet 27 Quarterly Balance Sheet 28 Annual Cash Flow 29 Quarterly Cash Flow 30 866-541-3770 • HOOVERS.COM Aug 29, 2019 • PAGE i Financial Market Data 31 Historical Financials 32 Competition 33 Competitors List 33 Competitive Landscape 34 866-541-3770 • HOOVERS.COM Aug 29, 2019 • PAGE ii Company Overview 1 Apple Park Way Cupertino, CA 95014 United States Phone : +1-408-996-1010 http://www.apple.com Ask Siri to name the most successful company in the world and it might respond: Apple. And it's not just out of familial pride. Apple consistently ranks highly in profit, revenue, market capitalization, and consumer cachet. In 2018, the company became the first reach a trillion dollar market capitalization, however briefly. The iPhone, in its 11th year, has been the company's golden goose, generating tens of billions in revenue and profit. Other familiar Apple products and services include Mac computers and iPad tablets, as well as iTunes, the App store, and Apple Music. Primarily a consumer-oriented company, Apple has inked alliances with Accenture, General Electric, and IBM to deepen its penetration of the enterprise market. About 60% of revenue comes from outside the Americas. Key Information DUNS Number Location Type Subsidiary Status Manufacturer Company Type Plant/Facility Size (sq. ft.) Owns/Rents Foreign Trade Accountant Total Employees 1-Year Employee Growth Employees At This Location Year of Founding or Change in Control Primary Industry Primary SIC Code Primary NAICS Code Tradestyle Latitude/Longitude 060704780 Headquarters No Yes Public 18,300.00 Owns Imports / Exports Ernst & Young LLP 132,000 7.32% 2,000 1977 1568:Wireless Telecommunications Equipment 36639906:Mobile communication equipment 334220:Radio and Television Broadcasting and APPLE 37.3335 / -122.0124 Key Financials Fiscal Year-End 2018 Sales (Actual) 1-Year Sales Growth Net Income 1-Year Net Income Growth Total Assets Market Value Prescreen Score September $265,595.00M 15.86% $59,531.00M 23.12% $365,725.00M $908,309.99M Low Risk Company Rankings 3 in FORTUNE 500 (May 2019) S&P 500 Dow Jones Industrials 3 in FORTUNE 1000 (May 2019) S&P Global 100 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 2 Key People Name Title Dr. Arthur D. (Art) Levinson Chairman Mr. Jeffrey E. (Jeff) Williams COO Mr. Luca Maestri SVP and CFO Mr. Jonathan Ive Chief Design Officer Ms. Angela Ahrendts SVP Retail and Online Stores Mr. Eduardo H. (Eddy) Cue SVP Internet Software and Services Mr. Craig Federighi SVP Software Engineering Mr. Daniel (Dan) Riccio SVP Hardware Engineering Mr. Philip W. Schiller SVP Worldwide Marketing Mr. D. Bruce Sewell SVP, General Counsel, and Secretary 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 3 Company Description Operations Apple has come to rely on the iPhone for more than 60% of sales, while its other hardware products, the iPad and the Mac desktop and notebook computers, account for about 10% each. Services, which includes the App Store, iCloud, Apple Music, and Apple Pay mobile payment, is the second biggest revenue producer, supplying about 15% of revenue. The Other Products segment, which include the AppleWatch and HomePod, makes up the remaining sales. Apple's hardware products are tightly integrated with the company’s software, which helps its devices work smoothly, but in some ways limits its market reach and can frustrate users who would like to have access to more third-party products including hardware. The company’s operating systems are iOS for mobile devices, MacOS for computers, Apple WatchOS for the watch, and tvOS for Apple TV. The company generally releases generational updates of its operating systems once a year. Apple conducts virtually all research and development in the US. As for manufacturing, the company outsources substantially all production to contractors located mainly in Asia (China, Korea, and Japan), while some Mac components are made in the US and Ireland. Geographic Reach Apple, based on Cupertino, California, generates 40% of sales in the Americas market, which includes the US, while Greater China and Europe contribute about a quarter of revenue and a fifth of revenue, respectively. The company has more than 500 Apple retail stores in the US and some two dozen countries. Australia, China, Canada, and the UK are among the company’s largest retail store markets outside the US. Sales and Marketing Apple sells its products through its own retail stores and website, as well as through a direct sales force. In addition, the company distributes through indirect channels, such as third-party retailers such as Best Buy, resellers, and cellular network carriers such as Verizon, AT&T, Sprint, and T-Mobile. Indirect channels account for about 70% of Apple's revenue. Financial Performance The popularity of the iPhone fueled Apple’s strong revenue and earnings growth in the past decade. The company’s revenue and profit hit all-time highs in 2015, coming in at $234 million and $53 million, respectively. Revenue and earnings fell back in 2016 with weaker iPhone sales. Growth resumed in 2017 and 2018, when it posted record revenue and profit. In 2018 (ended September), Apple’s revenue increased 16% to $265.6 billion, about $36 billion more than 2017 revenue. Sales of the iPhone (up 18%), Services (up 24%), and Other Products (up 35%) drove the gain. The iPad and Mac categories posted declines of 2% and 1%, respectively, in 2018 from 2017. The higher iPhone revenue was driven by the higher prices the company charged for models released in 2017; it sold just 966,000 units more in 2018 than it did in 2017. The company credited higher App Store and licensing revenue for the gain in the Services segment. Sales increases in geographic regions matched the overall growth rate, except for Japan’s 23% increase. Apple’s profit rose 23% to $59.5 billion in 2018 from $48.3 billion the year before as it maintained most costs at 2017 levels as a percentage of sales. The company’s coffers held about $237.1 billion in cash, equivalents, and short-term securities in 2018 compared to $268.9 billion in 2017. Operations generated $77 billion in cash and investing activities provided about $16 billion while financing activities used about $88 billion. Strategy Apple has two priorities: maintain the popularity of the iPhone and come up with a new world-changing product. In 2018 Apple released another round of iPhones with the new iPhone XS and iPhone XS Max. They run on an Apple-designed chip that uses machine learning for dealing with photos, gaming, augmented reality, and other functions and features. The cost is about $1,000 and up. Apple has been encouraged by the 2018 performances of its Services and Other Products segments. Services, which encompasses Apple Music, the App Store, and Apple Pay, grew 24% in 2018 from 2017, and accounts for a higher percentage of overall sales than the iPad and Mac segments. The company also introduced the HomePod, its entry in the home digital assistant race against Amazon’s Alexa and Google’s Google Home. The HomePod runs about $350 compared to less than $200 for the competitors’ products, but it has better sound, according to Apple. Revenue from Other Products (HomePod, Apple Watch and Apple TV) rose 35% year-to-year. The company changed the name of the segment to Wearables, Home and Accessories. With its 2019 financial reporting, Apple said it would no longer disclose the number of phones, computers, and tablets sold, and, instead, rely on sales figures to convey its performance. AR is the foundation for solving the second priority, innovation. The AR capabilities in the latest versions of the iOS make the operating system the world's largest platform for augmented reality and developers have created 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 4 more than 1,000 apps with AR features. AR could provide phone users with more information about where they are and what they’re doing. The company's history of innovation has led the media, analysts, and customers to expect big products from Apple on a regular basis. They're disappointed when it fails to deliver. Looking to increase its foothold in corporations, Apple has partnered with IBM, Salesforce, Accenture, and General Electric to develop business uses for the iPhone and iPad. With IBM, Apple developed a MobileFirst for iOS app and has signed some 240 deals with companies. It also developed offerings involving IBM’s Watson and cloud technologies. Apple is working with Salesforce and developers to build their native mobile apps for Salesforce products. Apple also has made inroads with airlines with apps and devices designed for pilots, customer service, and maintenance. It claims more than 450 airlines have adopted iOS devices. Apple has money to develop new products and services. At the end of 2018 (ended September), it has about $237 billion in cash, equivalents, and short-term securities. The company has promised shareholders it would return cash to them through stock buybacks and dividends, but it should still have enough money for R&D and manufacturing. Mergers and Acquisitions In 2019 Apple agreed to buy a majority stake Intel's smartphone modem business for about $1 billion. The deal includes about 2,200 Intel employees and some 17,000 wireless technology patents. The acquisition gives Apple control over developing modem chips for its 5G smartphones. Apple has been using Qualcomm chips and will continue to do so for six years, according to a 2019 agreement with Qualcomm chips. That should give Apple time to develop its own chips. The Intel deal is expected to close by the end of 2019. In 2018 Apple made several acquisitions to strengthen and expand several parts of its business. Apple brought much of the hardware that manages power in iPhones and Apple Watches in-house in a deal worth $600 million with Dialog Semiconductor. Dialog has supplied Power Management Integrated Circuits (PMICs) to Apple since the iPhone was introduced. In the deal, Apple paid $300 million for the 300-member Dialog engineering team that works on Apple's PMICs, PMIC patents, and offices in the UK, German, and Italy. The other $300 million went to lock in a three-year supply of PMICs and other chips. Apple's plans for augmented and virtual reality-based products took another step when the company bought Akonia Holographics, a privately held company in Longmont, Colorado. The company's holographic lens technology could be used to develop eyeglasses that show information to the wearer. The deal could advance Apple's efforts to develop a product line around augmented reality technology. Apple, in another 2018 transaction, closed its acquisition of Shazam, the music identification application for smartphones. When a user opens the Shazam app while music is playing, the app identifies the song and artist. Shazam, based in the UK, has operated since 2012 and was an early offering on Apple's app store with more than a billion downloads since. Also in 2018 Apple acquired Texture, which offers digital subscriptions to about 200 magazines for a monthly fee. The acquisition slots into Apple's services segment, which includes Apple Music. Magazines available on Texture, which has been called the Netflix of magazines, include the New Yorker, Men's Health, Time, Rolling Stone, Real Simple, and Cosmopolitan. Texture's parent company, Next Issue Media LLC, is owned publishers Condé Nast, Hearst, Meredith, and Rogers Media, and private equity firm, KKR. Other 2018 acquisitions were of Platoon, a developer of analytics tools to provide musicians with the functions record labels used to handle, and Silk Labs, which develops artificial intelligence for digital assistants, to further develop the HomePod and Siri. Company Background College dropouts Steve Jobs (1955-2011) and Steve Wozniak founded Apple in 1976 in California's Santa Clara Valley. After Jobs' first sales call brought an order for 50 units, the duo built the Apple I in his garage and sold it without a monitor, keyboard, or casing. Demand convinced Jobs there was a distinct market for small computers, and the company's name (a reference to Jobs' stint on an Oregon farm) and the computer's user-friendly look and feel set it apart from others. The company's Macintosh made a splash in the mid-1980s, driven by its Super Bowl commercial in 1984. As the company grew, Jobs was forced from the company. Apple never matched the IBM PC in total sales, but it had a cultural cachet and ease-of-use that led to its foothold in education, publishing, and other creative industries. In the 1990s, a succession of CEOs tried different strategies to increase sales, including licensing the company's technology to third-parties to produce Apple clones. The strategy never paid off. Jobs returned in the late '90s as Apple was on the brink of bankruptcy. He slashed the company's bloated product portfolio and introduced a line of eye-catching Macintosh computers. Then came the iPod music player, which led to the iPhone, which became one of the world's most successful products, and the iPad tablet. More than 2 billion devices running on Apple's mobile operating system, iOS, have been sold. While iPhone sales have been surpassed by Android devices, the premium Apple charges for its products have driven record sales and profitability. Jobs died in 2011 from pancreatic cancer. His successor, Tim Cook, has run the company since. 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 5 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 6 Company History College dropouts Steve Jobs (1955-2011) and Steve Wozniak founded Apple in 1976 in California's Santa Clara Valley. After Jobs' first sales call brought an order for 50 units, the duo built the Apple I in his garage and sold it without a monitor, keyboard, or casing. Demand convinced Jobs there was a distinct market for small computers, and the company's name (a reference to Jobs' stint on an Oregon farm) and the computer's user-friendly look and feel set it apart from others. By 1977 Wozniak added a keyboard, color monitor, and eight peripheral device slots (which gave the machine considerable versatility and inspired numerous third-party add-on devices and software). Sales jumped from $7.8 million in 1978 to $117 million in 1980, the year Apple went public. In 1983 Wozniak left the firm and Jobs hired PepsiCo's John Sculley as president. Apple rebounded from failed product introductions that year by unveiling the Macintosh in 1984. After tumultuous struggles with Sculley, Jobs left in 1985 and founded NeXT, a designer of applications for developing software. That year Sculley ignored Microsoft founder Bill Gates' appeal for Apple to license its products and make the Microsoft platform an industry standard. Apple blazed the desktop publishing trail in 1986 with its Mac Plus and LaserWriter printers. The following year it formed the software firm that later became Claris (and ultimately FileMaker). The late 1980s brought new competition from Microsoft, whose Windows operating system (OS) featured a graphical interface akin to Apple's. Apple sued but lost its claim to copyright protection in 1992. In 1993 Apple unveiled the Newton handheld computer, but sales were slow. Earnings fell drastically, so the company trimmed its workforce. (Sculley was among the departed.) In 1994 Apple cried "uncle" and began licensing clones of its OS, hoping a flurry of cheaper Mac-alikes would encourage software developers. By 1996 struggling Apple realized Mac clones were stealing sales. That year it hired Gilbert Amelio, formerly of National Semiconductor, as CEO. The company bought NeXT in 1997, but sales kept dropping and it subsequently cut about 30% of its workforce, canceled projects, and trimmed research costs. Meanwhile Apple's board ousted Amelio and Jobs took the position back on an interim basis. The CEO forged a surprising alliance with Microsoft, which included releasing a Mac version of Microsoft's popular office software. To protect market share, Jobs also stripped the cloning license from chief imitator Power Computing and put it out of business. In 1998 Apple jumped back into the race with its colorful cocktail of iMacs, and its first server software, the Mac OS X. That year the company also revamped its profitable Claris unit (by cutting 300 employees, shifting most operations to Apple, and renaming it FileMaker) and stopped making its Newton handheld device and printer products. Apple in 1999 opened a new chapter in portable computing with the introduction of its iBook laptop and (taking a cue from Dell) began selling built-to-order systems online. In 2000, after two and a half years as the semipermanent executive in charge, Jobs took the "interim" out of his title, and revamped the company's Web site around a suite of consumer Internet services. Jobs unveiled overhauled desktop lines later that year, including an eight-inch cubeshaped G4. The company ended 2000 on a sour note, as an industrywide slowdown and poor response to the G4 cube resulted in Apple's first unprofitable quarter in years. Apple opened 2001 with another round of product upgrades, including faster processors, components such as CD and DVD burners, and an ultraslim version of its PowerBook, called Titanium. The company also made a move to reclaim some of its slipping share in the education market, purchasing software maker PowerSchool. Soon Apple confirmed a long-rumored plan to open a chain of retail stores in the US. The company then acquired DVD authoring software maker Spruce Technologies. In line with its strategy to market Macs as "digital hubs" for devices such as cameras and other peripherals, Apple closed the year with the introduction of a digital music player called the iPod. In 2002 Apple introduced a new look for its iMac line; featuring a half-dome base and a flat-panel display supported by a pivoting arm, the redesign was the first departure from the original (and, at the time, radical) all-in-one design since iMac's debut in 1998. Looking to reclaim market share in the education sector, Apple then introduced the eMac -- a computer similar to the iMac to be sold only to students and educators (Apple later introduced a retail version). It continued its product push that year with the announcement that it would begin offering a rack-mount server called Xserve. In 2004, Apple debuted a streamlined iMac design powered by its G5 processor. Apple announced it would begin incorporating Intel processors into its PC lines in 2005, ending more than a decade of using PowerPC microprocessors; the transition was completed the following year. Also that year, Apple, Motorola, and Cingular Wireless (now AT&T Mobility) announced the debut of a mobile phone with iTunes functionality. Apple also unveiled the iPod nano, an updated (and even smaller) version of its miniature iPod model, as well as an iPod capable of playing video. In 2006 Apple reached a settlement in a dispute with Creative Technology over technology used in digital music players; Apple agreed to pay the company $100 million in exchange for a license to use Creative's patent related to navigation and organization. The company also launched an online movie service in 2006, and previewed a device called iTV for watching 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 7 Apple unveiled a mobile phone offering called the iPhone in 2007. To reflect the growing breadth of its product portfolio, the company announced it would change its name from Apple Computer to simply Apple. The company kicked off 2008 with the release of an updated Apple TV device in conjunction with an iTunes movie rental service. Looking toward the continued development of its mobile devices, Apple purchased P.A. Semi, a developer of lowpower processors, in 2008. In another move intended to bring more of its chip design in-house, Apple bought Intrinsity, a provider of chip design software, in 2010. After beginning 2011 with a leave of absence and then stepping down as CEO, Steve Jobs died on October 5, 2011. COO Tim Cook had been named CEO after Jobs' resignation, though Jobs retained the chairman title until his death. 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 8 Industry Information Hoover's Industries > Manufacturing Sector > Telecommunications Equipment Manufacturing > Wireless Telecommunications Equipment Manufacturing ( primary ) > Audio & Video Equipment Manufacturing > Computer Manufacturing > Personal Computer Manufacturing > Computer Networking Equipment Manufacturing > Computer Peripheral Equipment Manufacturing > Control, Electromedical, Measuring & Navigational Instruments Manufacturing > Search, Detection, Navigation & Guidance System Manufacturing > Data Storage Systems Manufacturing > Media > Computer Software > Development Tools, Operating Systems & Utilities Software > Multimedia, Graphics & Publishing Software > Film & Video > TV Program Production & Distribution > Music Production & Distribution > Retail Sector > Bookstores Primary SIC Code 36639906 : Mobile communication equipment Primary NAICS Code 334220 : Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing Denotes In-depth Industry Insight by Hoover's Editorial Staff 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 9 People Employees Title Name Chairman COO SVP and CFO Chief Design Officer SVP Retail and Online Stores SVP Internet Software and Services SVP Software Engineering SVP Hardware Engineering SVP Worldwide Marketing SVP, General Counsel, and Secretary SVP Hardware Technologies CEO and Founder Principal Engineer, iCloud Principal Engineer Principle Engineer Principal Engineer, Hardware Development Principal Engineer Principal Engineer Maps Data Partner Manager, Europe Applecare Partner Relations Team Manager Partner Communications Manager Global Enterprise Partnership Operations Partner Relations Senior Spacialist Applecare Partner Relations Employee Relations Business Partner Agency Partner Relations Partner Marketing Communications Manager Employee Relations Business Partner Partner Marcom Manager, Channel Marketing Communic 866-541-3770 • HOOVERS.COM Age Salary Bonus Dr. Arthur D. (Art) Levinson Mr. Jeffrey E. (Jeff) Williams Mr. Luca Maestri Mr. Jonathan Ive Ms. Angela Ahrendts Mr. Eduardo H. (Eddy) Cue Mr. Craig Federighi Mr. Daniel (Dan) Riccio Mr. Philip W. Schiller Mr. D. Bruce Sewell Mr. Johny Srouji Mr Devesh Agrawal Mr Harsha Godugu Kiran Kattel Jinkwang Kim Mr Gershon Rosenblum -$947,596.00 --- $1,000,000.00 -$1,000,000.00 $1,000,000.00 -$1,000,000.00 $494,942.00 $1,000,000.00 ------- ------$375,000.00 -------- Mr Andrew Vogan Yun Wang Yevgeny Abramovich Mr Adam Amoroso ----- ----- Ms Kerstin Anderson Ms Susan Andrews --- --- Ms Vivian Azeredo Mr Ethan Brauel Ms Jennifer Brown ---- ---- Ms Katelyn Cabibbo Ms Maria Calleja --- --- Mr Brian Carr -- -- Ms Dina Cretaro -- -- Aug 29, 2019 • Page 10 Title Name Partner Business Development Employee Relations Business Partner Partner Technology Manager Client Partner West Applecare Partner Relations Advisor For Partner Relations At Apple Partner Applecare Partner Relations Partner Relations Manager Applecare At Home Advisor Partner Relations (Mandarin) Apple Care Partner Relations Advisor Worldwide Enterprise Partner Manager Business Partner Partner System Operations Client Partner Client Partner Partner Relations Development Support Partner Program Client Partner, Southwest And Northwest Osv Partner Manager PARTNER RELATIONS ADPS 866-541-3770 • HOOVERS.COM Age Salary Bonus Mr Mike Ellis Mr Diego Esposito --- --- Mr Daniel Feinberg Mr Julian Friedman Ms Elisa Gaxiola Ms Hiromi Ginepio ----- ----- Mr Amit Gomber Mr Noah Harbison Ms Ariel Holley Pocheong Hui ----- ----- Mr Colby James -- -- Ms Lauren Kaufman -- -- Mr Mario Lardieri Mr Matthew Marsh Mr Matt Maurer Ms Brittany Mendoza Mr Brandon Prather ------ ------ Mr Paul Ramsbottom Mr Nick Santomauro --- --- Ms Jacqueline Shaw Ms CINDY TORRES --- --- Aug 29, 2019 • Page 11 Board Members Title Name Chairman Dr. Arthur D. (Art) Levinson 866-541-3770 • HOOVERS.COM Age Aug 29, 2019 • Page 12 Biographies Arthur D. (Art) Levinson Title held since 2012 : Chairman Current Company Titles 2012 - Present : Chairman Unknown - 2012 : Director Biography Art Levinson has served as the Chief Executive Officer of Calico, a research and development company, since September 2013. Previously, Dr. Levinson served as the Chairman of Genentech, Inc. from September 1999 to September 2014 and as a director and member of the Remuneration Committee of F. Hoffman-La Roche Ltd. from March 2010 to September 2014. Dr. Levinson also served as Chief Executive Officer of Genentech from July 1995 to April 2009, and, from May 2009 to September 2013, served as an advisor to Genentechs Research and Early Development center and as a member of Genentechs external advisory group, the Scientific Resource Board. Dr. Levinson previously served as a director of NGM Biopharmaceuticals, Inc. and as Chairman of the Board of Amyris, Inc. Dr. Levinson also serves on the board of directors of the Broad Institute of Harvard and MIT, on the Board of Scientific Consultants of the Memorial Sloan-Kettering Cancer Center, on the Industrial Advisory Board of the California Institute for Quantitative Biomedical Research, on the Advisory Council for the Princeton University Department of Molecular Biology, on the Advisory Council for the LewisSigler Institute for Integrative Genomics, and on the Innovation Advisory Board of the United States Commerce Department. Among other qualifications, Dr. Levinson brings to the Board executive leadership experience, including his service as a chairman of a large public company, along with extensive financial expertise and brand marketing experience. Source : Proxy, 2015 Jeffrey E. (Jeff) Williams Title held since 2015 : COO Current Company Titles 2015 - Present : COO 2010 - 2015 : SVP Operations Current Company Compensation History Salary Bonus 2014 : 2013 : 2012 : $947,596.00 $866,061.00 $805,400.00 ---- Total $24,403,235.00 $2,632,852.00 $68,691,612.00 Biography Jeff Williams is Apples Chief Operating Officer reporting to CEO Tim Cook. Since 2010 he has overseen Apples entire supply chain, service and support, and the social responsibility initiatives which protect more than one million workers worldwide. He also oversees the development of Apple Watch, Apples most personal device yet, and is driving the companys 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 13 health initiatives including ResearchKit, which is aimed at simplifying medical and health research. Jeff joined Apple in 1998 as head of worldwide procurement and in 2004 he was named vice president of Operations. Jeff played a key role in Apples entry into the mobile phone market with the launch of iPhone, and since 2010 has led worldwide operations for all products. In 2013, he began leading the Apple Watch project. Prior to Apple, Jeff worked for the IBM Corporation from 1985 to 1998 in a number of operations and engineering roles. He holds a bachelor's degree in Mechanical Engineering from North Carolina State University and an MBA from Duke University. Source : Company Web Site, 2016 Luca Maestri Title held since 2014 : SVP and CFO Current Company Titles 2014 - Present : SVP and CFO 2013 - 2014 : VP Finance and Corporate Controller Current Company Compensation History Salary Bonus 2015 : 2014 : $1,000,000.00 $717,211.00 --- Total $25,337,977.00 $14,002,801.00 Biography Luca Maestri is Apple's senior vice president and Chief Financial Officer reporting to CEO Tim Cook. As CFO, Luca oversees the accounting, business support, financial planning and analysis, treasury, M&A, investor relations, internal audit and tax functions at Apple. Luca joined Apple in 2013 as vice president of Finance and corporate controller, and has worked closely with Apple's senior leadership since his arrival. Luca has over 25 years of experience building and leading finance teams in global companies with significant operating scale and complexity. Prior to joining Apple, Luca was CFO at Xerox and previously at Nokia Siemens Networks. He began his career with General Motors and spent 20 years in finance and operating roles in the Americas, Asia Pacific and Europe. While at GM, Luca was part of the team that established GM's regional Asia Pacific operations, including manufacturing investments in China and Thailand. He later became CFO for all of GM's operations in Europe, which spanned over 45 countries with annual net revenue of approximately $40 billion. Luca graduated from Luiss University in Rome with a bachelor's degree in Economics and earned a master's degree in Science of Management from Boston University. Source : Company Web Site, 2016 Jonathan Ive Title held since 2015 : Chief Design Officer Current Company Titles 2015 - Present : Chief Design Officer 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 14 2012 - 2015 : SVP Design Unknown - 2012 : SVP Industrial Design Biography Jonathan Ive is Apple's Chief Design Officer, reporting to CEO Tim Cook. Jony is responsible for all design at Apple, including the look and feel of Apple hardware, user interface, packaging, major architectural projects such as Apple Campus 2 and Apple's retail stores, as well as new ideas and future initiatives. Since 1996, Jony has led Apple's design team, which is widely regarded as one of the world's best. He holds over 5,000 patents and has been recognized with numerous design awards, including the Design Museum London's first Designer of the Year in 2003, the Design and Art Direction (D&AD) President's Award in 2005 and the Cooper-Hewitt National Design Museum's Product Design Award in 2007. In 2012, D&AD named Jony and his team the Best Design Studio of the past 50 years. Their work is featured in the permanent collections of museums around the world, including the Museum of Modern Art in New York and the Pompidou in Paris. Jony earned a Bachelor of Arts degree at Newcastle Polytechnic. As an undergraduate, he twice won the Royal Society of Arts' prestigious Student Design Award, and years later the RSA awarded him the title of Royal Designer for Industry. He also holds honorary doctorates from the Royal College of Art, the Rhode Island School of Design and Northumbria University. A native of London, Sir Jonathan Ive was made a Knight Commander of the British Empire in 2013 "for services to design and enterprise." Source : Company Web Site, 2016 Angela Ahrendts Title held since 2014 : SVP Retail and Online Stores Current Company Titles 2014 - Present : SVP Retail and Online Stores Current Company Compensation History Salary Bonus 2015 : 2014 : $1,000,000.00 $411,538.00 -$500,000.00 Total $25,779,229.00 $73,351,124.00 Biography Angela Ahrendts is Apple's senior vice president of retail and online stores, reporting to CEO Tim Cook. Angela is responsible for the operation and expansion of Apple retail and online stores, which have redefined the shopping experience for hundreds of millions of customers around the world. Apple retail stores set the standard for customer service with innovative features like the Genius Bar, personal setup and one-to-one personal training to help customers get the most out of their Apple products. Angela joined Apple from Burberry, where she served as CEO and led the company through a period of outstanding global growth. Prior to Burberry, she was executive vice president at Liz Claiborne Inc., and earlier in her career she served as president of Donna Karan International. Angela holds a Marketing and Merchandising degree from Ball State University in Indiana, where she was awarded an honorary doctorate in 2010. She is also a member of the UK's Prime Minister's Business Advisory Council and was named 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 15 honorary dame commander of the British Empire in April 2014. Source : Company Web Site, 2016 Eduardo H. (Eddy) Cue Title held since 2011 : SVP Internet Software and Services Current Company Titles 2011 - Present : SVP Internet Software and Services Unknown - 2006 : VP Applications Current Company Compensation History Salary Bonus 2015 : 2014 : 2013 : 2011 : $1,000,000.00 $947,596.00 $866,061.00 $607,704.00 ----- Total $25,052,241.00 $24,445,739.00 $2,647,105.00 $52,952,975.00 Biography Eddy Cue is Apple's senior vice president of Internet Software and Services, reporting to CEO Tim Cook. Eddy oversees Apple's industry-leading content stores including the iTunes Store, the revolutionary App Store and the iBookstore, as well as Siri, Maps, iAd and Apple's innovative iCloud services. Eddy's team has an excellent track record of building and strengthening online services to meet and exceed the high expectations of Apple's customers. He is a 24-year Apple veteran and leads a large organization of amazing people. Eddy played a major role in creating the Apple online store in 1998, the iTunes Music Store in 2003 and the App Store in 2008. He also played a key role in developing Apple's award-winning iLife suite of applications. In his early years at Apple, he was a successful manager of software engineering and customer support teams. Eddy earned a bachelor's degree in Computer Science and Economics from Duke University. Source : Company Web Site, 2016 Craig Federighi Title held since 2011 : SVP Software Engineering Current Company Titles 2011 - Present : SVP Software Engineering 2009 - 2011 : VP Mac Software Engineering Biography Craig Federighi is Apple's senior vice president of Software Engineering, reporting to CEO Tim Cook. Craig oversees the development of iOS, Mac OS X and Apple's common operating system engineering teams. His teams are responsible for delivering the software at the heart of Apple's innovative products, including the user interface, applications and frameworks. Craig returned 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 16 to Apple in 2009 to lead Mac OS X engineering, working on a number of major software releases including Mountain Lion, the most successful OS X release in Apples history. Prior to his return, Craig worked at NeXT, followed by Apple, and then spent a decade at Ariba where he held several roles including chief technology officer. Craig holds a Master of Science degree in Computer Science and a Bachelor of Science in Electrical Engineering and Computer Science from the University of California, Berkeley. Source : Company Web Site, 2016 Daniel (Dan) Riccio Current Company Titles Unknown - Present : SVP Hardware Engineering Current Company Compensation History Salary Bonus 2015 : 2014 : 2013 : $1,000,000.00 $947,596.00 $866,061.00 ---- Total $25,017,626.00 $24,403,235.00 $2,632,852.00 Biography Dan Riccio is senior vice president of Hardware Engineering, reporting to the CEO. Dan leads the Mac, iPhone, iPad and iPod engineering teams which have delivered dozens of breakthrough products. Dan joined Apple in 1998 as vice president of Product Design and in 2010 was named vice president of iPad Hardware Engineering. Dan has been a key contributor to most of the company's hardware over his career and was instrumental in all of Apple's iPad products since the first generation iPad was introduced. Prior to Apple, Dan worked at Compaq as Senior Manager of Mechanical Engineering where he was responsible for the mechanical design of Compaq's Consumer PC products. He holds a bachelors degree in Mechanical Engineering from the University of Massachusetts Amherst. Source : Company Web Site, 2016 Philip W. Schiller Title held since 2005 : SVP Worldwide Marketing Current Company Titles 2005 - Present : SVP Worldwide Marketing Current Company Compensation History Salary Bonus 2006 : 2005 : $494,942.00 $402,244.00 $375,000.00 $400,239.00 Total --- Biography 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 17 Philip Schiller is Apple's senior vice president of Worldwide Marketing reporting to CEO Tim Cook. Schiller is a member of Apple's Executive Team. Since rejoining Apple in April 1997 Schiller has helped the company create the best computers in the world with the Mac, lead the digital music revolution with iPod and iTunes, reinvent mobile phones with iPhone and the App Store, and define the future of mobile computing with iPad. Schiller has over twenty five years of marketing and management experience, including twenty years at Apple in various marketing management positions; as the Vice President of Product Marketing at Macromedia, Inc. of San Francisco, CA; as the Director of Product Marketing at FirePower Systems, Inc. of Menlo Park, CA; as an Information Technology Manager at Nolan, Norton & Company of Lexington, MA; and as a Programmer and Systems Analyst at Massachusetts General Hospital in Boston, MA. Schiller graduated with a Bachelor of Science degree in Biology from Boston College in 1982. Source : Company Web Site, 2015 D. Bruce Sewell Title held since 2009 : SVP, General Counsel, and Secretary Current Company Titles 2009 - Present : SVP, General Counsel, and Secretary Current Company Compensation History Salary Bonus 2015 : 2010 : $1,000,000.00 $650,012.00 --- Total $25,017,626.00 $29,739,609.00 Biography Bruce Sewell is Apple's general counsel and senior vice president of Legal and Government Affairs, reporting to CEO Tim Cook. Sewell serves on the company's executive team and oversees all legal matters, including corporate governance, intellectual property, litigation and securities compliance, as well as government affairs. Sewell joined Apple from Intel Corporation in September 2009. At Intel, he was responsible for leading all of Intel's legal, corporate affairs and corporate social responsibility programs, managing attorneys and policy professionals located in over 30 countries around the world. He joined Intel in 1995 as a senior attorney assigned to counsel various business groups in areas such as antitrust compliance, licensing and intellectual property. In 2001, Sewell was promoted to vice president and deputy general counsel, managing Intel's litigation portfolio, and handled corporate transactions including M&A activities. Prior to joining Intel, Sewell was a partner in the litigation firm of Brown & Bain P.C. He was admitted to the California Bar in 1986 and to the Washington D.C. Bar in 1987. He is also admitted to practice before the United States Court of Appeals for the Federal Circuit. Sewell received his J.D. from George Washington University in 1986, and a Bachelor of Science degree from the University of Lancaster, in the United Kingdom, in 1979. Source : Company Web Site, 2015 Johny Srouji 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 18 Title held since 2015 : SVP Hardware Technologies Current Company Titles 2015 - Present : SVP Hardware Technologies Biography Johny Srouji serves as senior vice president of Hardware Technologies at Apple, reporting to CEO Tim Cook. Johny has built one of the worlds strongest and most innovative teams of silicon and technology engineers, overseeing breakthrough custom silicon and hardware technologies including batteries, application processors, storage controllers, sensors silicon, display silicon and other chipsets across Apples entire product line. Johny joined Apple in 2008 to lead development of the A4, the first Apple-designed system on a chip. Prior to Apple, Johny held senior positions at Intel and IBM in the area of processor development and design. He earned both a bachelors and masters degree in Computer Science from Technion, Israels Institute of Technology. Source : Company Web Site, 2016 Devesh Agrawal Current Company Titles Unknown - Present : CEO and Founder Harsha Godugu Current Company Titles Unknown - Present : Principal Engineer, iCloud Kiran Kattel Current Company Titles Unknown - Present : Principal Engineer Jinkwang Kim Current Company Titles Unknown - Present : Principle Engineer Gershon Rosenblum Current Company Titles Unknown - Present : Principal Engineer, Hardware Development Andrew Vogan Current Company Titles 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 19 Unknown - Present : Principal Engineer Yun Wang Current Company Titles Unknown - Present : Principal Engineer Yevgeny Abramovich Current Company Titles Unknown - Present : Maps Data Partner Manager, Europe Adam Amoroso Current Company Titles Unknown - Present : Applecare Partner Relations Team Manager Kerstin Anderson Current Company Titles Unknown - Present : Partner Communications Manager Susan Andrews Current Company Titles Unknown - Present : Global Enterprise Partnership Operations Vivian Azeredo Current Company Titles Unknown - Present : Partner Relations Senior Spacialist Ethan Brauel Current Company Titles Unknown - Present : Applecare Partner Relations Jennifer Brown Current Company Titles Unknown - Present : Employee Relations Business Partner Katelyn Cabibbo Current Company Titles 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 20 Unknown - Present : Agency Partner Relations Maria Calleja Current Company Titles Unknown - Present : Partner Marketing Communications Manager Brian Carr Current Company Titles Unknown - Present : Employee Relations Business Partner Dina Cretaro Current Company Titles Unknown - Present : Partner Marcom Manager, Channel Marketing Communic Mike Ellis Current Company Titles Unknown - Present : Partner Business Development Diego Esposito Current Company Titles Unknown - Present : Employee Relations Business Partner Daniel Feinberg Current Company Titles Unknown - Present : Partner Technology Manager Julian Friedman Current Company Titles Unknown - Present : Client Partner West Elisa Gaxiola Current Company Titles Unknown - Present : Applecare Partner Relations Hiromi Ginepio Current Company Titles 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 21 Unknown - Present : Advisor For Partner Relations At Apple Amit Gomber Current Company Titles Unknown - Present : Partner Noah Harbison Current Company Titles Unknown - Present : Applecare Partner Relations Ariel Holley Current Company Titles Unknown - Present : Partner Relations Manager Pocheong Hui Current Company Titles Unknown - Present : Applecare At Home Advisor Partner Relations (Mandarin) Colby James Current Company Titles Unknown - Present : Apple Care Partner Relations Advisor Lauren Kaufman Current Company Titles Unknown - Present : Worldwide Enterprise Partner Manager Mario Lardieri Current Company Titles Unknown - Present : Business Partner Matthew Marsh Current Company Titles Unknown - Present : Partner System Operations Matt Maurer Current Company Titles 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 22 Unknown - Present : Client Partner Brittany Mendoza Current Company Titles Unknown - Present : Client Partner Brandon Prather Current Company Titles Unknown - Present : Partner Relations Development Support Paul Ramsbottom Current Company Titles Unknown - Present : Partner Program Nick Santomauro Current Company Titles Unknown - Present : Client Partner, Southwest And Northwest Jacqueline Shaw Current Company Titles Unknown - Present : Osv Partner Manager CINDY TORRES Current Company Titles Unknown - Present : PARTNER RELATIONS ADPS 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 23 Company Financials Financial Summary Company Type Fiscal Year-End 2018 Sales (Actual) 1-Year Sales Growth 2018 Net Income 1-Year Net Income Growth Prescreen Score Auditor 866-541-3770 • HOOVERS.COM Public NASDAQ: AAPL Headquarters September $265,595.00M 15.86% $59,531.00M 23.12% Low Risk Ernst & Young LLP Aug 29, 2019 • Page 24 Annual Income Statement All amounts in millions of US Dollars except per share amounts. Revenue Cost of Goods Sold Gross Profit Gross Profit Margin SG&A Expense Depreciation and Amortization Operating Income Operating Margin Nonoperating Income Nonoperating Expenses Income Before Taxes Income Taxes Net Income After Taxes Continuing Operations Discontinued Operations Total Operations Total Net Income Net Profit Margin Diluted EPS from Continuing Operations Diluted EPS from Total Operations Diluted EPS from Total Net Income Dividends per Share 866-541-3770 • HOOVERS.COM Sep 2018 265,595.00 163,756.00 101,839.00 38.34% 16,705.00 -70,898.00 26.69% --72,903.00 13,372.00 59,531.00 59,531.00 -59,531.00 59,531.00 22.41% 11.91 11.91 11.91 2.72 Sep 2017 229,234.00 141,048.00 88,186.00 38.47% 15,261.00 61,344.00 26.76% -- Sep 2016 215,639.00 131,376.00 84,263.00 39.08% 14,194.00 60,024.00 27.84% -- Sep 2015 233,715.00 140,089.00 93,626.00 40.06% 14,329.00 71,230.00 30.48% -- Sep 2014 182,795.00 112,258.00 70,537.00 38.59% 11,993.00 52,503.00 28.72% -- 64,089.00 15,738.00 48,351.00 61,372.00 15,685.00 45,687.00 72,515.00 19,121.00 53,394.00 53,483.00 13,973.00 39,510.00 48,351.00 -48,351.00 48,351.00 21.09% 45,687.00 -45,687.00 45,687.00 21.19% 53,394.00 -53,394.00 53,394.00 22.85% 39,510.00 -39,510.00 39,510.00 21.61% 9.21 9.21 9.21 2.40 8.31 8.31 8.31 2.18 9.22 9.22 9.22 1.98 6.45 6.45 6.45 1.81 Aug 29, 2019 • Page 25 Quarterly Income Statement All amounts in millions of US Dollars except per share amounts. Quarter Ending Revenue Cost of Goods Sold Gross Profit Gross Profit Margin SG&A Expense Depreciation and Amortization Operating Income Operating Margin Nonoperating Income Nonoperating Expenses Income Before Taxes Income Taxes Net Income After Taxes Continuing Operations Discontinued Operations Total Operations Total Net Income Net Profit Margin Diluted EPS from Continuing Operations Diluted EPS from Total Operations Diluted EPS from Total Net Income Dividends per Share 866-541-3770 • HOOVERS.COM Jun 2019 53,809.00 33,582.00 20,227.00 37.59% 4,426.00 -11,544.00 21.45% --11,911.00 1,867.00 10,044.00 Mar 2019 58,015.00 36,194.00 21,821.00 37.61% 4,458.00 Dec 2018 84,310.00 52,279.00 32,031.00 37.99% 4,783.00 Sep 2018 62,900.00 38,816.00 24,084.00 38.29% 4,216.00 Jun 2018 53,265.00 32,844.00 20,421.00 38.34% 4,108.00 13,415.00 23.12% -- 23,346.00 27.69% -- 16,118.00 25.62% -- 12,612.00 23.68% -- 13,793.00 2,232.00 11,561.00 23,906.00 3,941.00 19,965.00 16,421.00 2,296.00 14,125.00 13,284.00 1,765.00 11,519.00 10,044.00 -10,044.00 10,044.00 18.67% 11,561.00 -11,561.00 11,561.00 19.93% 19,965.00 -19,965.00 19,965.00 23.68% 14,125.00 -14,125.00 14,125.00 22.46% 11,519.00 -11,519.00 11,519.00 21.63% 2.18 2.18 2.18 0.77 2.46 2.46 2.46 0.73 4.18 4.18 4.18 0.73 2.91 2.91 2.91 0.73 2.34 2.34 2.34 0.73 Aug 29, 2019 • Page 26 Annual Balance Sheet All amounts in millions of US Dollars except per share amounts. Assets Current Assets Cash Net Receivables Inventories Other Current Assets Total Current Assets Net Fixed Assets Other Noncurrent Total Assets Sep 2018 Sep 2017 Sep 2016 Sep 2015 Sep 2014 25,913.00 20,289.00 20,484.00 21,120.00 13,844.00 23,186.00 3,956.00 12,087.00 131,339.00 41,304.00 17,874.00 4,855.00 13,936.00 128,645.00 33,783.00 15,754.00 2,132.00 8,283.00 106,869.00 27,010.00 16,849.00 2,349.00 15,085.00 89,378.00 22,471.00 17,460.00 2,111.00 9,806.00 68,531.00 20,624.00 22,283.00 365,725.00 18,177.00 375,319.00 8,757.00 321,686.00 5,422.00 290,345.00 3,764.00 231,839.00 Sep 2018 Sep 2017 Sep 2016 Sep 2015 Sep 2014 -40,201.00 107,147.00 4,754.99 -35,867.00 134,047.00 5,126.20 -31,251.00 128,249.00 5,336.17 -27,416.00 119,355.00 5,578.75 -23,313.00 111,547.00 5,866.16 Sep 2018 Sep 2017 Sep 2016 Sep 2015 Sep 2014 55,888.00 20,748.00 32,687.00 116,866.00 44,242.00 18,473.00 30,551.00 100,814.00 37,294.00 11,605.00 -79,006.00 35,490.00 10,999.00 -80,610.00 30,196.00 6,308.00 -63,448.00 93,735.00 11,165.00 258,578.00 97,207.00 8,654.00 241,272.00 75,427.00 10,055.00 193,437.00 53,329.00 9,365.00 170,990.00 28,987.00 4,567.00 120,292.00 Shareholder's Equity Preferred Stock Equity Common Stock Equity Total Equity Shares Outstanding (M) Liabilities Current Liabilities Accounts Payable Short-Term Debt Other Current Liabilities Total Current Liabilities Long-Term Debt Other Noncurrent Total Liabilities 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 27 Quarterly Balance Sheet All amounts in millions of US Dollars except per share amounts. Assets Quarter Ending Current Assets Cash Net Receivables Inventories Other Current Assets Total Current Assets Net Fixed Assets Other Noncurrent Total Assets Jun 2019 Mar 2019 50,530.00 37,988.00 44,771.00 25,913.00 31,971.00 14,148.00 3,355.00 10,530.00 134,973.00 37,636.00 15,085.00 4,884.00 12,092.00 123,346.00 38,746.00 18,077.00 4,988.00 12,432.00 140,828.00 39,597.00 23,186.00 3,956.00 12,087.00 131,339.00 41,304.00 14,104.00 5,936.00 12,488.00 115,761.00 38,117.00 33,634.00 322,239.00 34,587.00 341,998.00 34,686.00 373,719.00 22,283.00 365,725.00 22,546.00 349,197.00 Shareholder's Equity Quarter Ending Jun 2019 Mar 2019 Dec 2018 Sep 2018 Jun 2018 Preferred Stock Equity Common Stock Equity Total Equity Shares Outstanding (M) -43,371.00 96,456.00 4,531.40 -42,801.00 105,860.00 4,607.28 -40,970.00 117,892.00 4,729.80 -40,201.00 107,147.00 4,754.99 -38,624.00 114,949.00 4,842.92 Jun 2019 Mar 2019 Dec 2018 Sep 2018 Jun 2018 29,115.00 23,482.00 31,673.00 89,704.00 30,443.00 22,429.00 35,368.00 93,772.00 44,293.00 21,741.00 36,703.00 108,283.00 55,888.00 20,748.00 32,687.00 116,866.00 38,489.00 17,472.00 -88,548.00 84,936.00 20,622.00 225,783.00 90,201.00 21,179.00 236,138.00 92,989.00 23,607.00 255,827.00 93,735.00 11,165.00 258,578.00 97,128.00 11,267.00 234,248.00 Liabilities Quarter Ending Current Liabilities Accounts Payable Short-Term Debt Other Current Liabilities Total Current Liabilities Long-Term Debt Other Noncurrent Total Liabilities 866-541-3770 • HOOVERS.COM Dec 2018 Sep 2018 Jun 2018 Aug 29, 2019 • Page 28 Annual Cash Flow All amounts in millions of US Dollars except per share amounts. Cash and Cash Equivalents at the Beginning of Year Net Cash Provided in Operating Activities Net Cash Provided by Investing Activities Net Cash Provided by Financing Activities Net Increase/Decrease in Cash and Cash Equivalents Cash and Cash Equivalents at the End of Year 866-541-3770 • HOOVERS.COM Sep 2018 Sep 2017 Sep 2016 Sep 2015 Sep 2014 20,289.00 20,484.00 21,120.00 13,844.00 14,259.00 77,434.00 16,066.00 (87,876.00) 5,624.00 64,225.00 (46,446.00) (17,974.00) (195.00) 66,231.00 (45,977.00) (20,890.00) (636.00) 81,266.00 (56,274.00) (17,716.00) 7,276.00 59,713.00 (22,579.00) (37,549.00) (415.00) 25,913.00 20,289.00 20,484.00 21,120.00 13,844.00 Aug 29, 2019 • Page 29 Quarterly Cash Flow All amounts in millions of US Dollars except per share amounts. Quarter Ending Cash and Cash Equivalents at the Beginning of Year Net Cash Provided in Operating Activities Net Cash Provided by Investing Activities Net Cash Provided by Financing Activities Net Increase/Decrease in Cash and Cash Equivalents Cash and Cash Equivalents at the End of Year 866-541-3770 • HOOVERS.COM Jun 2019 Mar 2019 Dec 2018 Sep 2018 Jun 2018 37,988.00 44,771.00 25,913.00 31,971.00 45,059.00 11,636.00 27,502.00 (26,804.00) 12,334.00 11,155.00 13,348.00 (29,457.00) (4,954.00) 26,690.00 5,844.00 (13,676.00) 18,858.00 19,523.00 (3,001.00) (22,580.00) (6,058.00) 14,488.00 3,947.00 (31,523.00) (13,088.00) 50,530.00 37,988.00 44,771.00 25,913.00 31,971.00 Aug 29, 2019 • Page 30 Financial Market Data Current Information Last Close (29-Sep-2018) 52-Week High 52-Week Low 60-Month Beta Market Cap Shares Outstanding Dividend Rate Dividend Yield # of Institutional Holders Latest Short Interest Ratio $200.99 $233.47 $142.00 1.25 $908,309.99M 4,519.18M 3.08 1.47% 4,411 -- Price/Sales Ratio Price/Book Ratio Price/Earnings Ratio Price/Cash Flow Ratio Return on Assets Return on Equity Current Ratio Long-Term Debt/Equity % Owned by Institutions Latest Net Insider Transactions 4.50 9.34 20.41 19.60 16.07% 49.36% 1.50 1.07 78.88% 1 Growth 12 Month 36 Month 60 Month Revenue Growth EPS Growth Dividend Growth 15.86% 29.56% 13.33% 4.35% 8.97% 11.17% 9.22% 15.99% 10.80% 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 31 Historical Financials Income Statement Year Revenue ($ M) Net Income ($ M) Net Profit Margin Employees Sep 2018 Sep 2017 Sep 2016 Sep 2015 Sep 2014 Sep 2013 Sep 2012 Sep 2011 Sep 2010 Sep 2009 265,595.00 229,234.00 215,639.00 233,715.00 182,795.00 170,910.00 156,508.00 108,249.00 65,225.00 42,905.00 59,531.00 48,351.00 45,687.00 53,394.00 39,510.00 37,037.00 41,733.00 25,922.00 14,013.00 8,235.00 22.41% 21.09% 21.19% 22.85% 21.61% 21.67% 26.67% 23.95% 21.48% 19.19% 132,000 123,000 116,000 110,000 97,000 84,400 76,100 63,300 49,400 36,800 2018 Year-End Financials Debt Ratio Return on Equity Cash ($ M) Current Ratio Long-Term Debt ($ M) Shares Outstanding (M) Dividend Yield Dividend Payout Market Cap ($ M) 87.48% 49.36% 25,913.00 1.12 93,735.00 4,754.99 1.47% 0.23 1,073,390.54 Stock History Year FY High Sep 2018 Sep 2017 Sep 2016 Sep 2015 Sep 2014 Sep 2013 Sep 2012 Sep 2011 Sep 2010 Sep 2009 229.67 164.94 116.18 116.89 103.74 72.56 100.72 ---- Stock Price ($) FY Low 215.30 149.16 102.53 107.36 96.14 63.89 93.71 ---- 866-541-3770 • HOOVERS.COM FY Close High P/E Low 225.74 154.12 113.05 110.30 100.75 68.11 95.30 ---- 19.28 17.91 13.98 12.68 16.08 12.77 15.96 ---- 18.08 16.20 12.34 11.64 14.91 11.25 14.85 ---- Per Share ($) Earns. Div. Book Value 11.91 9.21 8.31 9.22 6.45 5.68 6.31 3.95 2.16 1.30 8.45 7.00 5.86 4.91 3.97 3.14 0.00 0.00 0.00 0.00 2.72 2.40 2.18 1.98 1.81 1.63 0.38 0.00 0.00 0.00 Aug 29, 2019 • Page 32 Competitors List Company Acer Adobe Systems Alphabet Inc. Amazon.com AT&T Best Buy BlackBerry Bose CASIO COMPUTER Cisco Systems Comcast Ericsson Facebook Fitbit Garmin Google (Top Competitor) HP (Top Competitor) HTC Corporation IBM Lenovo LG Electronics Microsoft Netflix Nokia PayPal Philips Electronics Samsung Electronics (Top Competitor) Sonos, Inc. Sony Spotify Wal-Mart 866-541-3770 • HOOVERS.COM Gross Revenue $7,841.99M $9,030.01M $136,819.00M $232,887.00M $170,756.00M $42,879.00M $904.00M $2,616.88M $2,674.91M $49,330.00M $94,507.00M $23,212.86M $55,838.00M $1,511.98M $3,347.44M $39,127.50M $58,472.00M $768.45M $79,590.00M $51,037.94M $54,399.51M $125,843.00M $15,794.34M $25,518.47M $15,451.00M $20,494.63M $216,183.32M $1,137.01M $77,742.89M $4,899.26M $514,405.00M Net Profit Margin 1.26% 28.69% 22.46% 4.33% 11.34% 3.41% 10.29% -7.42% 0.22% 12.41% (3.10%) 39.60% (12.29%) 20.73% -9.11% 50.83% 10.97% 1.17% 1.83% 31.18% 7.67% (1.51%) 13.31% 6.02% 15.82% -10.57% -1.30% Net Operating Cash Flow ($69.01M) $4,029.30M $47,971.00M $30,723.00M $43,602.00M $2,408.00M $100.00M -$186.05M $13,666.00M $24,297.00M $1,028.54M $29,274.00M $113.21M $919.52M -$4,528.00M ($307.37M) $15,247.00M $1,472.57M $4,027.59M $52,185.00M ($2,680.48M) $407.16M $5,483.00M $2,013.16M $59,445.73M -$11,292.58M -$27,753.00M Aug 29, 2019 • Page 33 Competitive Landscape Companies listed are Top Competitors. Key Numbers Annual Sales ($ M) Employees Market Cap ($ M) Profitability Gross Profit Margin Pre-Tax Profit Net Profit Margin Return on Equity Return on Assets Return on Invested Capital Valuation Price/Sales Ratio Price/Earnings Ratio Price/Book Ratio Price/Cash Flow Operations Days of Sales Outstanding Inventory Turnover Days Cost of Goods Sold in Inventory Asset Turnover Net Receivables Turnover Flow Effective Tax Rate Apple Inc. HP Inc. $265,595.00M 132,000 $1,073,390.54M $58,472.00M 55,000 $37,658.40M Apple Inc. HP Inc. 38.34% 26.69% 22.41% 49.36% 16.07% 24.41% 18.25% 7.40% 9.11% -15.78% -- Apple Inc. HP Inc. 4.50 20.41 9.34 19.60 0.70 8.78 -10.76 Apple Inc. HP Inc. 28.2 Samsung Electronics Co., Ltd. $216,183.32M 103,023 $233,126.07M Google LLC $39,127.50M -- Samsung Electronics Co., Ltd. 45.69% 24.16% 15.82% 17.26% 12.03% 15.56% Google LLC Industry Market ------- 34.14% 0.22% 0.17% 0.32% 0.11% 0.20% 35.26% 0.11% 0.07% 0.12% 0.04% 0.08% Samsung Electronics Co., Ltd. 1.05 5.53 1.12 8.50 Google LLC Industry Market ----- 2.47 14.90 4.76 0.11 1.78 21.39 2.74 11.85 Google LLC Industry Market 29.7 Samsung Electronics Co., Ltd. 46.1 -- 42.1 52.4 37.2 9.8 8.1 45.2 4.9 74.4 --- 13.6 26.9 6.2 42.4 0.7 12.9 1.7 12.3 0.8 7.9 --- 0.6 8.7 0.6 7.0 18.34% -- 27.49% -- 22.17% 22.42% 866-541-3770 • HOOVERS.COM Aug 29, 2019 • Page 34 Financial Current Ratio Quick Ratio Leverage Ratio Total Debt/ Equity Interest Coverage Per Share Data Per Share Data Dividend Per Share Cash Flow Per Share Working Capital Per Share Long-Term Debt Per Share Book Value Per Share Total Assets Per Share Growth 12-Month Revenue 12-Month Net Income 12-Month EPS Growth 12-Month Dividend Growth 36-Month Revenue Growth 36-Month Net Income Growth 36-Month EPS Growth 36-Month Dividend Growth Apple Inc. HP Inc. 1.12 0.99 3.41 1.07 23.50 0.85 0.55 3.85 0.32 10.66 Apple Inc. HP Inc. $50.21 $2.96 $11.52 $5.72 -$24.17 $73.44 $34.42 $0.60 $2.24 ($2.39) -($1.13) $21.96 Apple Inc. HP Inc. 15.86% 23.12% 29.56% 13.33% 4.35% 3.69% 8.97% 11.17% 12.33% 110.89% 120.00% 4.97% 4.35% 5.37% 9.54% (6.05%) 866-541-3770 • HOOVERS.COM Samsung Electronics Co., Ltd. 2.53 2.00 1.41 0.06 91.66 Google LLC Industry Market ------ 1.32 1.06 -0.74 26.83 1.37 0.89 -0.94 4.82 Samsung Electronics Co., Ltd. $32.56 $1.26 $4.04 $13.26 -$30.60 $44.02 Google LLC Industry Market -------- $46.79 $0.01 $1.18 --$24.97 -- $23.39 $0.02 $19.65 --$13.58 -- Samsung Electronics Co., Ltd. 1.75% 6.16% 7.74% 66.59% 6.70% 32.91% 36.71% 49.95% Google LLC Industry Market --------- 0.09% 0.25% --0.04% 0.09% --- 0.06% 0.02% --0.03% 0.05% --- Aug 29, 2019 • Page 35 Reproduced with permission of copyright owner. Further reproduction prohibited without permission. MT140: Introduction to Management | Unit 5 Assignment Assignment Details and Rubric The Unit 5 Assignment tasks you with the synthesis of the four functions of management: planning, organizing, leading, and controlling. Using material from your first four assignment submission, you will construct a PowerPoint presentation that addresses the connection between the four functions. Using the company, you selected back in Unit 1 and referring to the readings and case studies in Units 2, 3, and 4, you will construct a slide deck that traces the organizations progress through the POLC functions. Outcomes evaluated through this assignment include MT140-02 and GEL-1.02. Assignment Checklist: • • • • • • • • • • Describe how the four functions of management relate to each other. Introduce your company and its mission. Keeping in mind the organization's mission, identify one strategic goal and trace that goal through the tactical and operational levels of planning with one specific example at each level. Specify the appropriate person in the organization responsible for managing the goals at each level (organizing function) as well as what forms of power would be most useful in each level (leading function). Describe at least one formal control that would aid in evaluating progress toward the operational goal you identified. Be sure to mention how you would measure the control. Your submission should include a title slide, main content slides, and reference list slide. For assistance formatting a reference list in APA format, please see the “Citation and Plagiarism Resources” link under “Academic Tools.” The presentation should include at least 8 slides. Once completed, submit to the Unit 5 Assignment Dropbox. Assignments are due Tuesday 11:59 p.m. ET of their assigned unit. Once completed, submit your Assignment to the Unit 5 Assignment Dropbox. Assignments are due Tuesday 11:59 p.m. ET of their assigned unit. MT140: Introduction to Management | Unit 5 Assignment MT140: Assignment Grading Rubric Item criteria Points Possible Content, Focus, Use of Text, and Research: • Describe four functions of management and relationship to each other. • Introduce chosen company and mission. • Identify one strategic, tactical, and operational goal. • Specify who will be responsible for each goal as well as what type of power would be most useful. • Describe one formal control used to measure selected operational goal. • Utilize and reference at least two external sources. 20 Analysis and Critical Thinking: Responses demonstrated critical thinking and analysis and exhibited application of information. 12 Spelling, Grammar, and Format: Clear business writing. Spelling and grammar are acceptable. Formatting follows instructions. All external sources are properly cited and included in reference list. 8 Total Points 40 Points Earned
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