Question: Apple’s statement of cash flows in
Apple’s statement of cash flows in Appendix A describes changes in cash and cash equivalents for the year ended September 28, 2013. What total amount is provided (used) by investing activities? What amount is provided (used) by financing activities?
Apple’s statement of cash flows from Appendix A:
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Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) September 28, 2013 September 29, 2012 September 24, 2011 Years ended Cash and cash equivalents, beginning of the ycar 10,746 9,815 %2$ 11,261 Operating activities: Net income 37,037 41,733 25,922 Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization 6,757 3,277 1,814 Share-based compensation expense 2,253 1,740 1,168 Deferred income tax expense 1,141 4,405 2,868 Changes in operating assets and liabilities: Accounts receivable, net (2,172) (5,551) 143 Inventories (973) (15) 275 Vendor non-trade receivables 223 (1,414) (1,934) Other current and non-curent assets 1,080 (3,162) (1,391) Accounts payable 2,340 4,467 2,515 Deferred revenue 1,459 2,824 1,654 Other current and non-curent liabilities 4,521 2,552 4,495 Cash generated by operating activities 53,666 50,856 37,529 Investing activities: Purchases of marketable securities (148,489) (151,232) (102,317) Proceeds from maturities of marketable securities 20,317 13,035 20,437 Proceeds from sales of marketable securities 104,130 99,770 49,416 Payments made in connection with business acquisitions, net (496) (350) (244) Payments for acquisition of property, plant and equipment (8,165) (8,295) (4,260) Payments for acquisition of intangible assets (911) (1,107) (3,192) Other (160) (48) (259) Cash used in investing activities (33,774) (48,227) (40,419) Financing activities: Proceeds from issuance of common stock 530 665 831 Excess tax benefits from cquity awards 701 1,351 1,133 Taxes paid related to net share settlement of equity awards (1,082) (1,226) (520) Dividends and dividend equivalent rights paid (10,564) (2,488) Repurchase of common stock (22,860) Proceeds from issuance of long-term debt, net 16,896 Cash generated by/(used in) financing activities (16,379) (1,698) 1,444 Increase/(decrease) in cash and cash equivalents 3,513 931 (1,446) Cash and cash equivalents, end of the year 14,259 $ 10,746 2$ 9,815 Supplemental cash flow disclosure: Cash paid for income taxes, net 24 9,128 24 7,682 24 3,338 See accompanying Notes to Consolidated Financial Statements.
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