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Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and per-share amounts)  Three Months Ended  Nine Months Ended  June 29, 2024  July 1, 2023  June 29, 2024  July 1, 2023 Net sales:           Products $ 61,564   $ 60,584   $ 224,908   $ 230,901     Services  24,213    21,213    71,197    62,886  Total net sales (1)  85,777    81,797    296,105    293,787  Cost of sales:           Products  39,803    39,136    140,667    146,696     Services  6,296    6,248    18,634    18,370  Total cost of sales  46,099    45,384    159,301    165,066  Gross margin  39,678    36,413    136,804    128,721          Operating expenses:        Research and development  8,006    7,442    23,605    22,608  Selling, general and administrative  6,320    5,973    19,574    18,781  Total operating expenses  14,326    13,415    43,179    41,389          Operating income  25,352    22,998    93,625    87,332  Other income/(expense), net  142    (265)   250    (594) Income before provision for income taxes  25,494    22,733    93,875    86,738  Provision for income taxes  4,046    2,852    14,875    12,699  Net income $ 21,448   $ 19,881   $ 79,000   $ 74,039          Earnings per share:        Basic $ 1.40   $ 1.27   $ 5.13   $ 4.69  Diluted $ 1.40   $ 1.26   $ 5.11   $ 4.67  Shares used in computing earnings per share:        Basic  15,287,521    15,697,614    15,401,047    15,792,497  Diluted  15,348,175    15,775,021    15,463,175    15,859,263          (1) Net sales by reportable segment:        Americas $ 37,678   $ 35,383   $ 125,381   $ 122,445  Europe  21,884    20,205    76,404    71,831  Greater China  14,728    15,758    51,919    57,475  Japan  5,097    4,821    19,126    18,752  Rest of Asia Pacific  6,390    5,630    23,275    23,284  Total net sales $ 85,777   $ 81,797   $ 296,105   $ 293,787          (1) Net sales by category:        iPhone $ 39,296   $ 39,669   $ 154,961   $ 156,778  Mac  7,009    6,840    22,240    21,743  iPad  7,162    5,791    19,744    21,857  Wearables, Home and Accessories  8,097    8,284    27,963    30,523  Services  24,213    21,213    71,197    62,886  Total net sales $ 85,777   $ 81,797   $ 296,105   $ 293,787   

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Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and par value)   June 29, 2024  September 30, 2023 ASSETS: Current assets:    Cash and cash equivalents $ 25,565   $ 29,965  Marketable securities  36,236    31,590  Accounts receivable, net  22,795    29,508  Vendor non-trade receivables  20,377    31,477  Inventories  6,165    6,331  Other current assets  14,297    14,695  Total current assets  125,435    143,566      Non-current assets:    Marketable securities  91,240    100,544  Property, plant and equipment, net  44,502    43,715  Other non-current assets  70,435    64,758  Total non-current assets  206,177    209,017  Total assets $ 331,612   $ 352,583      LIABILITIES AND SHAREHOLDERS’ EQUITY: Current liabilities:    Accounts payable $ 47,574   $ 62,611  Other current liabilities  60,889    58,829  Deferred revenue  8,053    8,061  Commercial paper  2,994    5,985  Term debt  12,114    9,822  Total current liabilities  131,624    145,308      Non-current liabilities:    Term debt  86,196    95,281  Other non-current liabilities  47,084    49,848  Total non-current liabilities  133,280    145,129  Total liabilities  264,904    290,437      Commitments and contingencies        Shareholders’ equity:    Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 15,222,259 and 15,550,061 shares issued and outstanding, respectively  79,850    73,812  Accumulated deficit  (4,726)   (214) Accumulated other comprehensive loss  (8,416)   (11,452) Total shareholders’ equity  66,708    62,146  Total liabilities and shareholders’ equity $ 331,612   $ 352,583   

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Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions)   Nine Months Ended  June 29, 2024  July 1, 2023 Cash, cash equivalents and restricted cash, beginning balances $ 30,737   $ 24,977      Operating activities:    Net income  79,000    74,039  Adjustments to reconcile net income to cash generated by operating activities:    Depreciation and amortization  8,534    8,866  Share-based compensation expense  8,830    8,208  Other  (1,964)   (1,651) Changes in operating assets and liabilities:    Accounts receivable, net  6,697    7,609  Vendor non-trade receivables  11,100    13,111  Inventories  41    (2,570) Other current and non-current assets  (5,626)   (4,863) Accounts payable  (15,171)   (16,790) Other current and non-current liabilities  2    2,986  Cash generated by operating activities  91,443    88,945      Investing activities:    Purchases of marketable securities  (38,074)   (20,956) Proceeds from maturities of marketable securities  39,838    27,857  Proceeds from sales of marketable securities  7,382    3,959  Payments for acquisition of property, plant and equipment  (6,539)   (8,796) Other  (1,117)   (753) Cash generated by investing activities  1,490    1,311      Financing activities:    Payments for taxes related to net share settlement of equity awards  (5,163)   (5,119) Payments for dividends and dividend equivalents  (11,430)   (11,267) Repurchases of common stock  (69,866)   (56,547) Proceeds from issuance of term debt, net  —    5,228  Repayments of term debt  (7,400)   (11,151) Repayments of commercial paper, net  (2,985)   (5,971) Other  (191)   (508) Cash used in financing activities  (97,035)   (85,335)     Increase/(Decrease) in cash, cash equivalents and restricted cash  (4,102)   4,921  Cash, cash equivalents and restricted cash, ending balances $ 26,635   $ 29,898      Supplemental cash flow disclosure:    Cash paid for income taxes, net $ 19,230   $ 7,020   