Adelaide Megard @Fall19AAPLCFO

How removing “likes” from social media could affect your mental health, via @jamie_lev for @NewsHour: apple.co/2OMOjMn

If you had bought just one share of Apple in 1980, at $22 a share, you would own 56 shares today, since the stock split four times. Those shares would be worth $14,896 at the current price of $266 per share! #Fin2209 @ProfLowell

The median company in the Information Technology sector has Total Cash And Short-Term Investments of $69.3 million. Apple's Total Cash And Short-Term Investments is significantly greater than the sector median for the most recent period. #Fin2209 @ProfLowell

Apple's Total Cash And Short-Term Investments hit its four year low in Sep 2018 of $66.3 B. Thankfully, Apple’s Short- Term investment this Sep 2019 peaked at $100.6 B. #Fin2209 @ProfLowell

Thank you New Bedford Guide for this highlight! wp.me/p122Ys-GnW

When raising capital, firms can fund their company’s by using debts, preferred stock, or common stock. Apple recently issued $7B of bonds, a form of long-term debt, to fund share buybacks, dividends, and other corporate purposes. #Fin2209 @ProfLowell

Although we have debt, we are the most cash-rich corp. in the US with over $50B in cash and $45B in short-term marketable securities, as of 6/29/19. Apple's highly leveraged capital structure should not pose a threat to the company’s solvency for the future. #Fin2209 @ProfLowell

The debt equity ratio is a measure of a company financial leverage calc. by dividing its long-term debt by stockholders’ equity. Apple debt/equity for the three month ending Sept 30, 2019 was 1.01. A debt ratio > 1 tells you we have more debt than assets. #Fin2209 @ProfLowell

Apple’s dividend growth rate over the past 5 years has been 10.84%. Over the past year is has been 7.8%. Dividend growth matters because it shows our financial health and shareholder value. #Fin2209 @ProfLowell

The payout ratio is the percentage of earnings paid to shareholders in dividends which is calculated by dividing annualized dividend per share by earnings per share. Apple’s current payout ratio is 25.90%. #Fin2209 @ProfLowell

Apple raised its quarterly dividend during its second-quarter earnings release on April 30, 2019 to $0.77 per share, good for a 5% increase. Apple’s current dividend Yield is 1.18% which is down since June where it was 1.6%. #Fin2209 @ProfLowell

AAPL current liability as of 6/29/19 were $89.7B, consisting of $29.1B in accounts payable, $13.5B in short-term notes/bonds. Long-term debt and non-current liabilities are $136B, bringing total liabilities to $225.8B, an increase of 63% the last three years. #Fin2209 @ProfLowell

AAPL total stockholder equity equals $96.5 billion as of 6/29/19.This consists of $43.4 B of common stock at par value & additional paid-in capital, and $53.7 B in retained earnings, less accumulated other comprehensive income of $639 million. Shares= 4.75B. #Fin2209 @ProfLowell

Apple’s debt-to-equity ratio determines the amount of ownership in a corporation versus the amount of money owed to creditors, Apple's debt-to-equity ratio jumped from 50% in 2016 to 112% as of 2019. #Fin2209 @ProfLowell

Apple’s stock has a Beta of 1.1 which means that they perform relatively similar to the regular market. Beta represents correlation to the stock market. If an investor has confidence in the broader market they should also have confidence in Apple. #Fin2209 @ProfLowell

Tariffs on foreign goods have been widely used and pose a risk to Apple because they can decrease their profits. As an enormous multi-national corporation, the risk of trade wars and international tension have a possibility of affecting their bottom line. #Fin2209 @ProfLowell

Apple is in a mature market and is running out of room to expand its smartphone product, especially due to the high price point. This constitutes an inherent risk in Apple’s operations. #Fin2209 @ProfLowell

Apple plans to invest $10Bn in US Data Centers over the next five years. These capital budgeting plans will support the company as they continue to grow and remain dominant in the tech industry. #Fin2209 @ProfLowell

Apple plans on opening new sites in Seattle, San Diego, and Culver City, CA over the next three years. These new campuses will create new jobs and expand their engineering, operations, finance, and sales divisions. #Fin2209 @ProfLowell

Apple is currently undertaking a $1Bn capital expenditure by building a new campus is Austin, Texas. This is a 133-acre campus with a capacity for 15,000 employees. #Fin2209 @ProfLowell