Fluent Essays

As part of the simulation, you will use the GSCM - Record Sheets (Years 1-4) to document or capture the decisions and Board feedback you received. These will be used in writing the paper in Week 6. The paper centers on your overall performance in the simulation as measured by (simulation will provide this data for you): Gross Margin (dollars) Gross Margin \% Total number of votes from board member income statement samsung Fiscal year is January-December. All values KRW Millions. 2020 2019 2018 2017 2016 Sales/Revenue 236,806,988 230,400,881 243,771,415 239,575,376 201,866,745 Sales Growth 2.78\% -5.48\% 1.75\% 18.68\% - Cost of Goods Sold (COGS) incl. D&A 148,612,196 151,017,841 135,277,299 132,072,774 122,682,833 COGS excluding D&A 118,276,580 121,420,203 108,795,262 109,955,382 101,969,868 Depreciation & Amortization Expense 30,335,616 29,597,638 26,482,037 22,117,392 20,712,965 Depreciation 27,115,735 26,573,816 25,167,112 20,593,616 19,312,520 Amortization of Intangibles 3,219,881 3,023,822 1,314,925 1,523,776 1,400,445 COGS Growth -1.59\% 11.64\% 2.43\% 7.65\% - Gross Income 88,194,792 79,383,040 108,494,116 107,502,602 79,183,912 Gross Income Growth 11.10\% -26.83\% 0.92\% 35.76\% - Gross Profit Margin 37.24\% - - - - SG&A Expense 52,200,916 51,614,531 49,607,447 53,857,564 49,943,240 Research & Development 19,073,269 18,169,761 16,918,882 14,910,119 12,708,079 Other SG&A 33,127,647 33,444,770 32,688,565 38,947,445 37,235,161 SGA Growth 1.14\% 4.05\% -7.89\% 7.84\% - EBIT 35,993,876 27,768,509 58,886,669 53,645,038 29,240,672 Unusual Expense - - 1,575 366,705 872,985 Non Operating Income/Expense -1,546,734 277,052 112,497 1,757,371 1,409,977 Non-Operating Interest Income 1,974,458 2,660,024 2,297,139 1,614,223 1,504,318 Equity in Affiliates (Pretax) - - 539,845 201,442 19,501 Interest Expense 583,013 692,687 674,617 655,402 587,831 Interest Expense Growth -15.83\% 2.68\% 2.93\% 11.49\% - Gross Interest Expense 586,910 692,687 696,721 675,113 605,475 Interest Capitalized 3,897 - 22,104 19,711 17,644 Pretax Income 35,838,587 30,019,229 61,159,958 56,195,967 30,713,652 Pretax Income Growth 19.39\% -50.92\% 8.83\% 82.97\% - Pretax Margin 15.13\% - - - - Income Tax 9,937,285 8,693,324 16,815,101 14,009,220 7,987,560 Income Tax - Current Domestic 7,700,788 5,736,019 13,520,335 10,943,933 5,916,818 Income Tax - Deferred Domestic 2,236,497 2,957,305 3,294,766 3,065,287 2,070,742 Equity in Affiliates 506,530 412,960 - - - Consolidated Net Income 26,407,832 21,738,865 44,344,857 42,186,747 22,726,092 Minority Interest Expense 316,986 233,811 453,980 842,178 310,437 Net Income 26,090,846 21,505,054 43,890,877 41,344,569 22,415,655 Net Income Growth 21.32\% -51.00\% 6.16\% 84.45\% - Net Margin 11.02\% - - - - Net Income After Extraordinaries 26,090,846 21,505,054 43,890,877 41,344,569 22,415,655 Net Income Available to Common 26,090,846 21,505,054 43,890,877 41,344,569 22,415,655 EPS (Basic) 3841.03 3165.92 6460.73 5990.88 3155.64 EPS (Basic) Growth 21.32\% -51.00\% 7.84\% 89.85\% - Basic Shares Outstanding 6,793 6,793 6,793 6,901 7,103 EPS (Diluted) 3841.03 3165.92 6460.73 5990.88 3155.65 EPS (Diluted) Growth 21.32\% -51.00\% 7.84\% 89.85\% - Diluted Shares Outstanding 6,793 6,793 6,793 6,901 7,103 EBITDA 66,329,492 57,366,147 85,368,706 75,762,430 49,953,637 EBITDA Growth 15.62\% -32.80\% 12.68\% 51.67\% - EBITDA Margin 28.01\% - - - - EBIT 35,993,876 27,768,509 58,886,669 53,645,038 29,240,672 113.7701767 82.81683791 126.543959 115.5968856 84.97958937 source https://www.google.com/search?q=apple+company+wsj&oq=apple+&aqs=chrome.1.69i59l3j69i57j46i433j69i60l3.7083j0j7&sourceid=chrome&ie=UTF-8 balance sheet Assets Fiscal year is January-December. All values KRW Millions. 2020 2019 2018 2017 2016 5-year trend Cash & Short Term Investments 124,652,843 108,779,703 100,939,943 83,184,201 88,182,313 Cash Only 29,382,578 26,885,999 30,340,505 30,545,130 32,132,983 Short-Term Investments 95,270,265 81,893,704 70,599,438 52,639,071 56,049,330 Cash & Short Term Investments Growth 0 0 0 -0 - Cash & ST Investments / Total Assets 32.96\% 30.85\% 29.74\% 27.57\% 33.63\% Total Accounts Receivable 34,569,597 39,310,463 36,948,466 31,804,956 27,800,408 Accounts Receivables, Net 3096505800.00\% 3513134300.00\% 3386773300.00\% 2769599500.00\% 2427921100.00\% Accounts Receivables, Gross 31,343,276 35,530,419 34,470,342 28,362,523 24,725,603 Bad Debt/Doubtful Accounts -378,218 -399,076 -602,609 -666,528 -446,392 Other Receivables 3,604,539 4,179,120 3,080,733 4,108,961 3,521,197 Accounts Receivable Growth -12.06\% 6.39\% 16.17\% 14.40\% - Accounts Receivable Turnover 685.00\% 586.00\% 660.00\% 753.00\% 7.26 Inventories 32,043,145 26,766,464 28,984,704 24,983,355 18,353,503 Finished Goods 10,434,289 9,132,720 9,870,054 7,304,437 5,905,339 Work in Progress 11,818,090 9,886,634 11,066,511 7,113,901 5,017,384 Raw Materials 9,790,766 7,747,110 8,048,139 10,565,017 7,430,780 Other Current Assets 9,789,024 9,654,317 10,594,527 9,289,603 10,160,057 Prepaid Expenses 2,266,100 3,833,053 5,497,974 5,588,892 4,942,021 Miscellaneous Current Assets 7,522,924 5,821,264 5,096,553 3,700,711 5,218,036 Total Current Assets 201,054,609 184,510,947 177,467,640 149,262,115 144,496,281 Net Property, Plant & Equipment 128,952,892 119,825,474 115,416,724 111,665,648 91,473,041 Property, Plant & Equipment - Gross 328,606,313 304,075,769 279,158,166 256,528,604 225,172,654 Buildings 55,026,369 48,839,439 45,033,843 41,639,045 36,474,462 Land & Improvements 9,850,942 9,828,309 9,346,285 9,409,276 7,869,679 Machinery & Equipment 233,056,501 211,416,021 206,407,913 184,392,999 155,285,378 Construction in Progress 20,175,917 23,930,019 9,705,056 13,910,749 18,773,986 Other Property, Plant & Equipment 10,496,584 10,061,981 8,665,069 7,176,535 6,769,149 Accumulated Depreciation 199,653,421 184,250,295 163,741,442 144,862,956 133,699,613 Buildings 20,474,365 18,369,819 15,687,933 13,580,889 12,098,636 Land & Improvements 78,786 53,755 - - - Machinery & Equipment 172,062,371 159,266,085 142,591,682 126,477,201 116,983,323 Other Property, Plant & Equipment 7,037,899 6,560,636 5,461,827 4,804,866 4,617,654 Total Investments and Advances 21,854,964 17,561,328 15,628,293 14,661,282 12,642,160 LT Investment - Affiliate Companies 8,076,779 7,591,612 7,313,206 6,802,351 5,837,884 Other Long-Term Investments 13,778,185 9,969,716 8,315,087 7,858,931 6,804,276 Intangible Assets 18,468,502 20,703,504 14,891,598 14,760,483 5,344,020 Net Goodwill 5,673,642 6,250,439 5,833,678 5,703,138 1,343,580 Net Other Intangibles 12,794,860 14,453,065 9,057,920 9,057,345 4,000,440 Other Assets 6,468,781 8,583,882 13,255,203 8,620,526 5,963,949 Deferred Charges 1,355,502 589,832 5,572,035 4,260,267 4,391,922 Tangible Other Assets 5,113,279 7,994,050 7,683,168 4,360,259 1,572,027 Total Assets 378,235,718 352,564,497 339,357,244 301,752,090 262,174,324 Assets - Total - Growth 0 0 0 0 - Asset Turnover 1 - - - - Return On Average Assets 7.14\% - - - - Liabilities & Shareholders Equity All values KRW Millions. 202000.00\% 2019 2018 2017 2016 5-year trend ST Debt & Current Portion LT Debt 17,269,528 15,239,558 13,620,046 16,046,238 13,979,606 Short Term Debt 16,553,429 14,393,468 13,586,660 15,767,619 12,746,789 Current Portion of Long Term Debt 716,099 846,090 33,386 278,619 1,232,817 Accounts Payable 9,739,222 8,718,222 8,479,916 9,083,907 6,485,039 Accounts Payable Growth 11.71\% 2.81\% -6.65\% 40.07\% - Income Tax Payable 4,430,272 1,387,773 8,720,050 7,408,348 2,837,353 Other Current Liabilities 44,165,329 38,437,211 38,261,498 34,636,621 31,402,097 Miscellaneous Current Liabilities 44,165,329 38,437,211 38,261,498 34,636,621 31,402,097 Total Current Liabilities 75,604,351 63,782,764 69,081,510 67,175,114 54,704,095 Current Ratio 2.66 2.89 2.57 2.22 2.64 Quick Ratio 2.24 2.47 2.15 1.85 2.31 Cash Ratio 1.65 1.71 1.46 1.24 1.61 Long-Term Debt 2,947,853 3,172,479 1,047,057 2,767,807 1,302,780 Long-Term Debt excl. Capitalized Leases 948,137 975,298 996,935 2,710,269 1,237,653 Non-Convertible Debt 948,137 975,298 996,935 2,710,269 1,237,653 Capitalized Lease Obligations - - 50,122 57,538 65,127 Provision for Risks & Charges 1,515,886 1,081,880 1,167,683 854,246 531,782 Deferred Taxes 17,374,875 15,674,446 12,464,737 8,928,745 5,038,641 Deferred Taxes - Credit 18,810,845 17,053,808 15,162,523 11,710,781 7,293,514 Deferred Taxes - Debit 1,435,970 1,379,362 2,697,786 2,782,036 2,254,873 Other Liabilities 3,408,767 4,593,145 5,145,294 4,752,714 5,379,120 Other Liabilities (excl. Deferred Income) 3,408,767 4,593,145 5,145,294 4,752,714 5,379,120 Total Liabilities 102,287,702 89,684,076 91,604,067 87,260,662 69,211,291 Total Liabilities / Total Assets 27.04\% 25.44\% 26.99\% 28.92\% 26.40\% Common Equity (Total) 267,670,331 254,915,472 240,068,993 207,213,416 186,424,328 Common Stock Par/Carry Value 897,514 897,514 897,514 897,514 897,514 Additional Paid-In Capital/Capital Surplus 4,403,893 4,403,893 4,403,893 4,403,893 4,403,893 Retained Earnings 96,328,646 86,260,026 91,179,305 76,182,005 50,079,125 Cumulative Translation Adjustment/Unrealized For. Exch. Gain -10,989,715 -5,645,769 -8,612,742 -9,192,002 -2,930,886 Unrealized Gain/Loss Marketable Securities 4,975,756 2,573,530 1,462,266 1,879,774 1,390,624 Other Appropriated Reserves -2,712,054 -1,957,019 -840,775 -364,812 142,195,663 Unappropriated Reserves 174,766,291 168,383,297 151,579,532 139,635,231 138,721 Treasury Stock - - - -6,228,187 -9,750,326 Common Equity / Total Assets 70.77\% 72.30\% 70.74\% 68.67\% 71.11\% Total Shareholders Equity 267,670,331 254,915,472 240,068,993 207,213,416 186,424,328 Total Shareholders Equity / Total Assets 70.77\% 72.30\% 70.74\% 68.67\% 71.11\% Accumulated Minority Interest 8,277,685 7,964,949 7,684,184 7,278,012 6,538,705 Total Equity 275,948,016 262,880,421 247,753,177 214,491,428 192,963,033 Liabilities & Shareholders Equity 378,235,718 352,564,497 339,357,244 301,752,090 262,174,324 Debt ratio= 0.2704337458 0.2543763673 0.2699340256 0.2891799755 0.263989585 0.3821406041 0.3518188806 0.3815739211 0.4211149243 0.3712567546 26090846 21505054 43890877 41344569 22415655 roa 0.06898038646 0.06099608492 0.1293353178 0.1370150212 0.08549904757 0.09747380631 0.08436150945 0.182826097 0.1995265065 0.1202399667 ie 583,013 692,687 674,617 655,402 587,831 tie FALSE 113.7701767 source https://www.google.com/search?q=apple+company+wsj&oq=apple+&aqs=chrome.1.69i59l3j69i57j46i433j69i60l3.7083j0j7&sourceid=chrome&ie=UTF-8 cashflow samsung Operating Activities Fiscal year is January-December. All values KRW Millions. 2020 2019 2018 2017 2016 Net Income before Extraordinaries 26,407,832 21,738,865 44,344,857 42,186,747 22,726,092 Net Income Growth 21.48\% -50.98\% 5.12\% 85.63\% - Depreciation, Depletion & Amortization 30,335,616 29,597,638 26,482,037 22,117,392 20,712,965 Depreciation and Depletion 27,115,735 26,573,816 25,167,112 20,593,616 19,312,520 Amortization of Intangible Assets 3,219,881 3,023,822 1,314,925 1,523,776 1,400,445 Other Funds 8,421,137 -3,407,832 6,129,335 8,478,449 5,127,540 Funds from Operations 65,164,585 47,928,671 76,956,229 72,782,588 48,566,597 Changes in Working Capital 122,424 -2,545,756 -9,924,366 -10,620,547 -1,180,953 Receivables 1,741,016 1,828,591 4,513,604 -7,676,175 1,313,276 Inventories -7,540,656 2,134,632 -5,979,475 -8,444,506 -2,830,602 Accounts Payable 3,885,742 -1,269,177 -533,609 4,006,410 200,240 Other Accruals 5,332,676 -1,707,265 501,536 1,292,420 1,136,440 Other Assets/Liabilities -3,296,354 -3,532,537 -8,426,422 201,304 -1,000,307 Net Operating Cash Flow 65,287,009 45,382,915 67,031,863 62,162,041 47,385,644 Net Operating Cash Flow Growth 43.86\% -32.30\% 7.83\% 31.18\% - Net Operating Cash Flow / Sales 27.57\% 19.70\% 27.50\% 25.95\% 23.47\% Investing Activities All values KRW Millions. 2020 2019 2018 2017 2016 Capital Expenditures -40,271,813 -28,617,670 -30,576,923 -43,775,974 -25,190,641 Capital Expenditures (Fixed Assets) -37,592,034 -25,367,756 -29,556,406 -42,792,234 -24,142,973 Capital Expenditures (Other Assets) -2,679,779 -3,249,914 -1,020,517 -983,740 -1,047,668 Capital Expenditures Growth -40.72\% 6.41\% 30.15\% -73.78\% - Capital Expenditures / Sales -17.01\% -12.42\% -12.54\% -18.27\% -12.48\% Net Assets from Acquisitions -49,420 -1,021,105 -99,108 -8,754,268 -622,050 Sale of Fixed Assets & Businesses 384,931 513,265 565,044 1,562,858 284,106 Purchase/Sale of Investments -13,633,932 -10,877,650 -22,131,041 1,615,560 -4,143,738 Purchase of Investments -26,913,224 -16,236,889 -22,483,388 -1,569,896 -12,234,162 Sale/Maturity of Investments 13,279,292 5,359,239 352,347 3,185,456 8,090,424 Other Uses -57,197 - -2,289 -28,455 - Other Sources 7,027 53,289 11,935 733 26,880 Net Investing Cash Flow -53,620,404 -39,949,871 -52,232,382 -49,379,546 -29,645,443 Net Investing Cash Flow Growth -34.22\% 23.52\% -5.78\% -66.57\% - Net Investing Cash Flow / Sales -22.64\% -17.34\% -21.43\% -20.61\% -14.69\% Financing Activities All values KRW Millions. 2020 2019 2018 2017 2016 Cash Dividends Paid - Total -9,676,760 -9,639,202 -10,193,695 -6,804,297 -3,114,742 Common Dividends -9,676,760 -9,639,202 -10,193,695 -6,804,297 -3,114,742 Change in Capital Stock - - -875,111 -8,350,424 -7,707,938 Repurchase of Common & Preferred Stk. - - -875,111 -8,350,424 -7,707,938 Issuance/Reduction of Debt, Net 1,340,730 156,392 -4,029,490 2,588,180 2,139,930 Change in Current Debt 2,191,186 865,792 -2,046,470 2,730,676 1,351,037 Change in Long-Term Debt -850,452 -709,400 -1,983,017 -142,492 788,897 Issuance of Long-Term Debt 14,495 - 3,580 998,311 1,041,743 Reduction in Long-Term Debt -864,947 -709,400 -1,986,597 -1,140,803 -252,846 Net Financing Cash Flow -8,336,026 -9,482,810 -15,098,293 -12,566,537 -8,682,746 Net Financing Cash Flow Growth 12.09\% 37.19\% -20.15\% -44.73\% - Net Financing Cash Flow / Sales -3.52\% -4.12\% -6.19\% -5.25\% -4.30\% Exchange Rate Effect -833,861 595,260 94,187 -1,782,270 417,243 Net Change in Cash 2,496,718 -3,454,506 -204,625 -1,566,312 9,474,698 Free Cash Flow 27,694,975 20,015,159 37,475,457 19,369,807 23,242,671 Free Cash Flow Growth 38.37\% -46.59\% 93.47\% -16.66\% - Free Cash Flow Yield 3.27\% - - - - source https://www.google.com/search?q=apple+company+wsj&oq=apple+&aqs=chrome.1.69i59l3j69i57j46i433j69i60l3.7083j0j7&sourceid=chrome&ie=UTF-8 is-apple Apple Inc. Consolidated Income Statement US$ in millions 12 months ended: Sep 26, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Sep 24, 2016 Products 220,747 213,883 225,847 196,534 — Services 53,768 46,291 39,748 32,700 — Net sales (legacy) — — — — 215,639 Net sales 274,515 260,174 265,595 229,234 215,639 Products (151,286) (144,996) (148,164) (126,337) — Services (18,273) (16,786) (15,592) (14,711) — Cost of sales (legacy) — — — — (131,376) Cost of sales (169,559) (161,782) (163,756) (141,048) (131,376) Gross margin 104,956 98,392 101,839 88,186 84,263 Research and development (18,752) (16,217) (14,236) (11,581) (10,045) Selling, general and administrative (19,916) (18,245) (16,705) (15,261) (14,194) Operating expenses (38,668) (34,462) (30,941) (26,842) (24,239) Operating income 66,288 63,930 70,898 61,344 60,024 Interest and dividend income 3,763 4,961 5,686 5,201 3,999 Interest expense (2,873) (3,576) (3,240) (2,323) (1,456) Other income (expense), net (87) 422 (441) (133) (1,195) Other income (expense), net 803 1,807 2,005 2,745 1,348 Income before provision for income taxes 67,091 65,737 72,903 64,089 61,372 Provision for income taxes (9,680) (10,481) (13,372) (15,738) (15,685) Net income 57,411 55,256 59,531 48,351 45,687 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). -23.35224504 -18.38282998 -22.50092593 -27.58889367 -42.1510989 source https://www.google.com/search?q=apple+company+wsj&oq=apple+&aqs=chrome.1.69i59l3j69i57j46i433j69i60l3.7083j0j7&sourceid=chrome&ie=UTF-8 bs-apple Assets Fiscal year is October-September. All values USD Millions. 2020 2019 2018 2017 2016 5-year trend Cash & Short Term Investments 90,979 100,580 66,301 74,181 67,155 Cash Only 19,980 28,124 19,658 14,516 12,267 Short-Term Investments 70,999 72,456 46,643 59,665 54,888 Cash & Short Term Investments Growth -9.55\% 51.70\% -10.62\% 10.46\% - Cash & ST Investments / Total Assets 28.09\% 29.71\% 18.13\% 19.76\% 20.88\% Total Accounts Receivable 37,445 45,804 48,995 35,673 29,299 Accounts Receivables, Net 16,120 22,926 23,186 17,874 15,754 Accounts Receivables, Gross 16,120 22,926 23,186 17,932 15,807 Bad Debt/Doubtful Accounts - - - -58 -53 Other Receivables 21,325 22,878 25,809 17,799 13,545 Accounts Receivable Growth -18.25\% -6.51\% 37.34\% 21.76\% - Accounts Receivable Turnover 7.32 5.68 5.43 6.41 7.31 Inventories 4,061 4,106 3,956 4,855 2,132 Finished Goods 4,061 4,106 3,956 4,855 2,132 Other Current Assets 11,228 12,329 12,087 13,936 8,283 Miscellaneous Current Assets 11,228 12,329 12,087 13,936 8,283 Total Current Assets 143,713 162,819 131,339 128,645 106,869 Net Property, Plant & Equipment 45,336 37,378 41,304 33,783 27,010 Property, Plant & Equipment - Gross 112,096 95,957 90,403 75,076 61,245 Buildings 17,952 17,085 16,216 13,587 10,185 Machinery & Equipment 75,291 69,797 65,982 54,210 44,543 Other Property, Plant & Equipment 10,283 9,075 8,205 7,279 6,517 Accumulated Depreciation 66,760 58,579 49,099 41,293 34,235 Total Investments and Advances 102,624 106,698 170,799 194,714 170,430 Other Long-Term Investments 102,624 106,698 170,799 194,714 170,430 Intangible Assets - - - 8,015 8,620 Net Goodwill - - - 5,717 5,414 Net Other Intangibles - - - 2,298 3,206 Other Assets 32,215 31,621 22,283 10,162 8,757 Tangible Other Assets 32,215 31,621 22,283 10,162 8,757 Total Assets 323,888 338,516 365,725 375,319 321,686 Assets - Total - Growth -4.32\% -7.44\% -2.56\% 16.67\% - Asset Turnover 0.83 - - - - Return On Average Assets 17.33\% - - - - Liabilities & Shareholders Equity All values USD Millions. 2020 2019 2018 2017 2016 5-year trend ST Debt & Current Portion LT Debt 15,229 16,240 20,748 18,473 11,605 Short Term Debt 6,432 5,980 11,964 11,977 8,105 Current Portion of Long Term Debt 8,797 10,260 8,784 6,496 3,500 Accounts Payable 42,296 46,236 55,888 49,049 37,294 Accounts Payable Growth -8.52\% -17.27\% 13.94\% 31.52\% - Other Current Liabilities 47,867 43,242 40,230 33,292 30,107 Miscellaneous Current Liabilities 47,867 43,242 40,230 33,292 30,107 Total Current Liabilities 105,392 105,718 116,866 100,814 79,006 Current Ratio 1.36 1.54 1.12 1.28 1.35 Quick Ratio 1.33 1.5 1.09 1.23 1.33 Cash Ratio 0.86 0.95 0.57 0.74 0.85 Long-Term Debt 107,049 91,807 93,735 97,207 75,427 Long-Term Debt excl. Capitalized Leases 98,667 91,807 93,735 97,207 75,427 Non-Convertible Debt 98,667 91,807 93,735 97,207 75,427 Capitalized Lease Obligations 637 - - - - Provision for Risks & Charges 28,170 29,545 33,589 - - Deferred Taxes - 16,919 11,520 39,911 34,719 Deferred Taxes - Credit - 16,919 11,520 39,911 34,719 Other Liabilities 17,938 4,039 2,868 3,340 4,285 Other Liabilities (excl. Deferred Income) 17,938 4,039 71 504 1,355 Deferred Income - - 2,797 2,836 2,930 Total Liabilities 258,549 248,028 258,578 241,272 193,437 Total Liabilities / Total Assets 79.83\% 73.27\% 70.70\% 64.28\% 60.13\% Common Equity (Total) 65,339 90,488 107,147 134,047 128,249 Common Stock Par/Carry Value 50,779 45,174 40,201 35,867 31,251 Retained Earnings 14,966 45,898 70,400 98,330 96,364 Cumulative Translation Adjustment/Unrealized For. Exch. Gain -1,375 -1,463 -1,055 -354 -578 Unrealized Gain/Loss Marketable Securities 1,846 707 -3,209 328 1,174 Other Appropriated Reserves -877 172 810 -124 38 Common Equity / Total Assets 20.17\% 26.73\% 29.30\% 35.72\% 39.87\% Total Shareholders Equity 65,339 90,488 107,147 134,047 128,249 Total Shareholders Equity / Total Assets 20.17\% 26.73\% 29.30\% 35.72\% 39.87\% Total Equity 65,339 90,488 107,147 134,047 128,249 Liabilities & Shareholders Equity 323,888 338,516 365,725 375,319 321,686 source https://www.google.com/search?q=apple+company+wsj&oq=apple+&aqs=chrome.1.69i59l3j69i57j46i433j69i60l3.7083j0j7&sourceid=chrome&ie=UTF-8 cs-apple Operating Activities Fiscal year is October-September. All values USD Millions. 2020 2019 2018 2017 2016 5-year trend Net Income before Extraordinaries 57,411 55,256 59,531 48,351 45,687 Net Income Growth 3.90\% -7.18\% 23.12\% 5.83\% - Depreciation, Depletion & Amortization 11,056 12,547 10,903 10,157 10,505 Depreciation and Depletion 11,056 12,547 10,903 - - Deferred Taxes & Investment Tax Credit -215 -340 -32,590 5,966 4,938 Deferred Taxes -215 -340 -32,590 5,966 4,938 Other Funds 6,732 5,416 4,896 4,674 4,210 Funds from Operations 74,984 72,879 42,740 69,148 65,340 Changes in Working Capital 5,690 -3,488 34,694 -5,550 484 Receivables 8,470 3,176 -13,332 -6,347 1,044 Inventories -127 -289 828 -2,723 217 Accounts Payable -4,062 -1,923 9,175 9,618 1,791 Other Assets/Liabilities 1,409 -4,452 38,023 -6,098 -2,568 Net Operating Cash Flow 80,674 69,391 77,434 63,598 65,824 Net Operating Cash Flow Growth 16.26\% -10.39\% 21.76\% -3.38\% - Net Operating Cash Flow / Sales 29.43\% 26.69\% 29.13\% 27.82\% 30.73\% Investing Activities All values USD Millions. 2020 2019 2018 2017 2016 5-year trend Capital Expenditures -7,309 -10,495 -13,313 -12,795 -13,548 Capital Expenditures (Fixed Assets) -7,309 -10,495 -13,313 -12,451 -12,734 Capital Expenditures (Other Assets) - - - -344 -814 Capital Expenditures Growth 30.36\% 21.17\% -4.05\% 5.56\% - Capital Expenditures / Sales -2.67\% -4.04\% -5.01\% -5.60\% -6.32\% Net Assets from Acquisitions -1,524 -624 -721 -329 -297 Purchase/Sale of Investments 5,335 58,093 30,845 -33,147 -30,634 Purchase of Investments -115,148 -40,631 -73,227 -159,486 -142,428 Sale/Maturity of Investments 120,483 98,724 104,072 126,339 111,794 Other Uses -791 -1,078 -745 -395 -1,498 Other Sources - - - 220 - Net Investing Cash Flow -4,289 45,896 16,066 -46,446 -45,977 Net Investing Cash Flow Growth -109.35\% 185.67\% 134.59\% -1.02\% - Net Investing Cash Flow / Sales -1.56\% 17.65\% 6.04\% -20.32\% -21.46\% Financing Activities All values USD Millions. 2020 2019 2018 2017 2016 5-year trend Cash Dividends Paid - Total -14,081 -14,119 -13,712 -12,769 -12,150 Common Dividends -14,081 -14,119 -13,712 -12,769 -12,150 Change in Capital Stock -71,478 -66,116 -72,069 -32,345 -29,227 Repurchase of Common & Preferred Stk. -72,358 -66,897 -72,738 -32,900 -29,722 Sale of Common & Preferred Stock 880 781 669 555 495 Proceeds from Stock Options 880 781 669 555 495 Issuance/Reduction of Debt, Net 2,499 -7,819 432 29,014 22,057 Change in Current Debt -963 -5,977 -37 3,852 -397 Change in Long-Term Debt 3,462 -1,842 469 25,162 22,454 Issuance of Long-Term Debt 16,091 6,963 6,969 28,662 24,954 Reduction in Long-Term Debt -12,629 -8,805 -6,500 -3,500 -2,500 Other Funds -3,760 -2,922 -2,527 -1,247 -1,163 Other Uses -3,760 -2,922 -2,527 -1,874 -1,570 Other Sources - - - 627 407 Net Financing Cash Flow -86,820 -90,976 -87,876 -17,347 -20,483 Net Financing Cash Flow Growth 4.57\% -3.53\% -406.58\% 15.31\% - Net Financing Cash Flow / Sales -31.67\% -35.00\% -33.06\% -7.59\% -9.56\% Net Change in Cash -10,435 24,311 5,624 -195 -636 Free Cash Flow 73,365 58,896 64,121 51,147 53,090 Free Cash Flow Growth 24.57\% -8.15\% 25.37\% -3.66\% - Free Cash Flow Yield 3.01\% - - - - source https://www.google.com/search?q=apple+company+wsj&oq=apple+&aqs=chrome.1.69i59l3j69i57j46i433j69i60l3.7083j0j7&sourceid=chrome&ie=UTF-8 ratios Financial diagnostic categories yr Samsung Apple 1.)   Liquidity of short-term assets -Current ratio 2016 2.64 1.3527 2017 2.22 1.2761 2018 2.57 1.1329 2019 2.89 1.5401 2020 2.66 1.3636 -Cash ratio 2016 1.61 0.85 2017 1.24 0.74 2018 1.46 0.57 2019 1.71 0.95 2020 1.65 0.86 -Quick ratio 2016 2.31 1.33 2017 1.85 1.23 2018 2.15 1.09 2019 2.47 1.5 2020 2.24 1.33 2.)   Long-term debt-paying ability -Debt ratio 2016 26.4 60.13 2017 28.92 64.28 2018 26.99 70.7 2019 25.44 73.27 2020 27.04 79.83 -Debt-equity ratio 2016 0.37 0.6786 2017 0.42 0.863 2018 0.38 1.0685 2019 0.35 1.194 2020 0.38 1.7208 -Times interest earned 2016 85 -42 2017 116 -28 2018 127 -23 2019 83 -18 2020 114 -23 3.)   Profitability -Net income/sales (profit margin) 2016 0 21.1868 2017 0 21.0924 2018 0 22.4142 2019 0 21.2381 2020 11.02 20.9136 -Net income/assets (ROA) 2016 0.085 14.2024 2017 0.137 12.8826 2018 0.129 16.2775 2019 0.061 16.323 2020 0.069 17.7256 -Net income/shareholder equity  (ROE) 2016 0.12 38.1906 2017 0.2 36.0702 2018 0.183 55.5601 2019 0.084 61.0645 2020 0.097 87.8664 4.)   Asset utilization/ management efficiency -Total asset turnover 2016 0 0.6703 2017 0 0.6108 2018 0 0.7262 2019 0 0.7686 2020 0.65 0.8476 -Inventory turnover   measures 2016 61.621 61.621 2017 29.0521 29.0521 2018 41.3943 41.3943 2019 39.4014 39.4014 2020 41.753 41.753 -Accounts receivable turnover 2016 7.26 7.3599 2017 7.53 6.426 2018 6.6 5.4209 2019 5.86 5.6802 2020 6.85 7.3312 5.)   Market measures -Price/earnings ratio 2016 0.56 0.15 2017 0.26 0.59 2018 0.15 0.87 2019 0.25 0.56 2020 0.47 0.25 -Earnings per common share 2016 0 0 2017 89.85 10.84 2018 7.84 29.32 2019 -51 -0.17 2020 21.32 10.23 -Dividend payout 2016 0.763 4.6 2017 0.8 2.33 2018 0.6 0.23 2019 0.233 1.4 2020 0.2 0.5