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AAPL » Topics » Item 6. Selected Financial Data

This excerpt taken from the AAPL 10-K filed Nov 5, 2008.

Item 6. Selected Financial Data

The information set forth below for the five fiscal years ended September 27, 2008, is not necessarily indicative of results of future operations, and should be read in conjunction with Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the Consolidated Financial Statements and related notes thereto included in Item 8 of this Form 10-K to fully understand factors that may affect the comparability of the information presented below (in millions, except share amounts which are reflected in thousands and per share amounts).

 

     2008    2007    2006    2005    2004

Net sales

    $ 32,479    $ 24,006    $ 19,315    $ 13,931    $ 8,279

Net income

    $ 4,834    $ 3,496    $ 1,989    $ 1,328    $ 266

Earnings per common share:

               

Basic

    $ 5.48    $ 4.04    $ 2.36    $ 1.64    $ 0.36

Diluted

    $ 5.36    $ 3.93    $ 2.27    $ 1.55    $ 0.34

Cash dividends declared per common share

    $ —    $ —    $ —    $ —    $ —

Shares used in computing earnings per share:

               

Basic

      881,592      864,595      844,058      808,439      743,180

Diluted

      902,139      889,292      877,526      856,878      774,776

Cash, cash equivalents, and short-term investments

    $ 24,490    $ 15,386    $ 10,110    $ 8,261    $ 5,464

Total assets

    $ 39,572    $ 25,347    $ 17,205    $ 11,516    $ 8,039

Long-term debt

    $ —    $ —    $ —    $ —    $ —

Total liabilities

    $ 18,542    $ 10,815    $ 7,221    $ 4,088    $ 2,976

Shareholders’ equity

    $ 21,030    $ 14,532    $ 9,984    $ 7,428    $ 5,063

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