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AAPL » Topics » Property, Plant, and Equipment

These excerpts taken from the AAPL 10-K filed Jan 25, 2010.

Property, Plant and Equipment

Property, plant and equipment are stated at cost. Depreciation is computed by use of the straight-line method over the estimated useful lives of the assets, which for buildings is the lesser of 30 years or the remaining life of the underlying building, up to five years for equipment, and the shorter of lease terms or ten years for leasehold improvements. The Company capitalizes eligible costs to acquire or develop internal-use software that are incurred subsequent to the preliminary project stage. Capitalized costs related to internal-use software are amortized using the straight-line method over the estimated useful lives of the assets, which range from three to five years. Depreciation and amortization expense on property and equipment was $606 million, $387 million and $259 million during 2009, 2008 and 2007, respectively.

 

28

Table of Contents

Property, Plant and Equipment

 

      2009     2008  

Land and buildings

    $ 955      $ 810   

Machinery, equipment and internal-use software

      1,932        1,491   

Office furniture and equipment

      115        122   

Leasehold improvements

      1,665        1,324   
                

Gross property, plant and equipment

      4,667        3,747   

Accumulated depreciation and amortization

      (1,713 )      (1,292 ) 
                

Net property, plant and equipment

    $ 2,954      $ 2,455   
                
These excerpts taken from the AAPL 10-K filed Oct 27, 2009.

Property, Plant and Equipment

Property, plant and equipment are stated at cost. Depreciation is computed by use of the straight-line method over the estimated useful lives of the assets, which for buildings is the lesser of 30 years or the remaining life of the underlying building, up to five years for equipment, and the shorter of lease terms or ten years for leasehold improvements. The Company capitalizes eligible costs to acquire or develop internal-use software that are incurred subsequent to the preliminary project stage. Capitalized costs related to internal-use software are amortized using the straight-line method over the estimated useful lives of the assets, which range from three to five years. Depreciation and amortization expense on property and equipment was $577 million, $363 million and $249 million during 2009, 2008 and 2007, respectively.

Property, Plant and Equipment

 

     2009     2008  

Land and buildings

    $    955      $    810   

Machinery, equipment and internal-use software

    1,932      1,491   

Office furniture and equipment

    115      122   

Leasehold improvements

    1,665      1,324   
            

Gross property, plant and equipment

    4,667      3,747   

Accumulated depreciation and amortization

    (1,713 )    (1,292 ) 
            

Net property, plant and equipment

    $ 2,954      $ 2,455   
            

 

73

Table of Contents
This excerpt taken from the AAPL 10-Q filed Apr 23, 2009.

Property, Plant, and Equipment

 

        March 28, 2009        September 27, 2008  

Land and buildings

    $ 899     $ 810  

Machinery, equipment, and internal-use software

      1,679       1,491  

Office furniture and equipment

      131       122  

Leasehold improvements

      1,388       1,324  
                
     4,097       3,747  

Accumulated depreciation and amortization

      (1,551 )     (1,292 )
                

Net property, plant, and equipment

    $ 2,546     $ 2,455  
                

 

13

This excerpt taken from the AAPL 10-Q filed Jan 23, 2009.

Property, Plant, and Equipment

 

     December 27, 2008     September 27, 2008  

Land and buildings

    $ 888     $ 810  

Machinery, equipment, and internal-use software

      1,624       1,491  

Office furniture and equipment

      126       122  

Leasehold improvements

      1,359       1,324  
                
     3,997       3,747  

Accumulated depreciation and amortization

      (1,417 )     (1,292 )
                

Net property, plant, and equipment

    $ 2,580     $ 2,455  
                
These excerpts taken from the AAPL 10-K filed Nov 5, 2008.

Property, Plant, and Equipment

 

     2008     2007  

Land and buildings

    $ 810     $ 762  

Machinery, equipment, and internal-use software

      1,491       954  

Office furniture and equipment

      122       106  

Leasehold improvements

      1,324       1,019  
                
     3,747       2,841  

Accumulated depreciation and amortization

      (1,292 )     (1,009 )
                

Net property, plant, and equipment

    $ 2,455     $ 1,832  
                

Property, Plant, and Equipment

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 






























































































































   2008  2007 

Land and buildings

  $810  $762 

Machinery, equipment, and internal-use software

   1,491   954 

Office furniture and equipment

   122   106 

Leasehold improvements

   1,324   1,019 
         
   3,747   2,841 

Accumulated depreciation and amortization

   (1,292)  (1,009)
         

Net property, plant, and equipment

  $2,455  $1,832 
         
This excerpt taken from the AAPL 10-Q filed Jul 23, 2008.

Property, Plant, and Equipment

 

          June 28, 2008          September 29, 2007  

Land and buildings

    $ 807     $ 762  

Machinery, equipment, and internal-use software

      1,253       954  

Office furniture and equipment

      119       106  

Leasehold improvements

      1,218       1,019  
                
     3,397       2,841  

Accumulated depreciation and amortization

      (1,220 )     (1,009 )
                

Net property, plant, and equipment

    $ 2,177     $ 1,832  
                
This excerpt taken from the AAPL 10-Q filed May 1, 2008.

Property, Plant, and Equipment

 

         March 29, 2008         September 29, 2007  

Land and buildings

    $ 796     $ 762  

Machinery, equipment, and internal-use software

      1,082       954  

Office furniture and equipment

      117       106  

Leasehold improvements

      1,118       1,019  
                
     3,113       2,841  

Accumulated depreciation and amortization

      (1,151 )     (1,009 )
                

Net property, plant, and equipment

    $ 1,962     $ 1,832  
                
This excerpt taken from the AAPL 10-Q filed Feb 1, 2008.

Property, Plant, and Equipment

 

     December 29, 2007     September 29, 2007  

Land and buildings

    $ 774     $ 762  

Machinery, equipment, and internal-use software

      1,003       954  

Office furniture and equipment

      110       106  

Leasehold improvements

      1,044       1,019  
                
     2,931       2,841  

Accumulated depreciation and amortization

      (1,061 )     (1,009 )
                

Net property, plant, and equipment

    $ 1,870     $ 1,832  
                
These excerpts taken from the AAPL 10-K filed Nov 15, 2007.

Property, Plant, and Equipment

 
   2007
   2006
  
Land and buildings   $ 762   $ 626  
Machinery, equipment, and internal-use software     954     595  
Office furniture and equipment     106     94  
Leasehold improvements     1,019     760  
   
 
 
      2,841     2,075  

Accumulated depreciation and amortization
 
 
(1,009
)
 
(794
)
   
 
 
Net property, plant, and equipment   $ 1,832   $ 1,281  
   
 
 

Property, Plant, and Equipment











































































































 
 2007
 2006
 
Land and buildings $762 $626 
Machinery, equipment, and internal-use software  954  595 
Office furniture and equipment  106  94 
Leasehold improvements  1,019  760 
  
 
 
   2,841  2,075 


Accumulated depreciation and amortization
 
 

(1,009
)
 

(794
)
  
 
 
Net property, plant, and equipment $1,832 $1,281 
  
 
 




This excerpt taken from the AAPL 10-Q filed Feb 2, 2007.

Property, Plant, and Equipment

 

12/30/06

 

9/30/06

 

Land and buildings

 

$

674

 

$

626

 

Machinery, equipment, and internal-use software

 

631

 

595

 

Office furniture and equipment

 

96

 

94

 

Leasehold improvements

 

799

 

760

 

 

 

2,200

 

2,075

 

Accumulated depreciation and amortization

 

(838

)

(794

)

 

 

 

 

 

 

Net property, plant, and equipment

 

$

1,362

 

$

1,281

 

 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Jan 25, 2010
10-K (2 sections)
Oct 27, 2009
10-Q
Apr 23, 2009
10-Q
Jan 23, 2009
10-K (2 sections)
Nov 5, 2008
10-Q
Jul 23, 2008
10-Q
May 1, 2008
10-Q
Feb 1, 2008
10-K (2 sections)
Nov 15, 2007
10-Q
Feb 2, 2007

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