from edgar import set_identity
set_identity("Vincent Gregoire vincent@codes.finance")In the field of finance, the application of machine learning, especially text analysis, has become increasingly popular. Researchers are constantly seeking out rich datasets to mine for insights, with company filings offering a treasure trove of information. One of the most comprehensive sources of such data is the Edgar database, maintained by the Securities and Exchange Commission (SEC). This publicly available resource contains a vast array of filings from companies, making it an invaluable tool for empirical finance research.
In this tutorial, I will show you how to scrape financial data from the SEC Edgar database using Python and the edgartools library.
Video tutorial
This post is also available as a video tutorial on YouTube.
SEC Edgar API
While the Edgar database is freely accessible to anyone interested in browsing company filings, the manual retrieval of data can be time-consuming and inefficient. For researchers and analysts looking to conduct large-scale studies or apply complex algorithms, a more programmatic approach is necessary. This is where the SEC’s APIs come into play, allowing automated access to Edgar’s wealth of data.
However, even with API access, the task of scraping, parsing, and processing the data remains a challenge. The raw data requires significant cleaning and manipulation before it can be effectively used in research. This is a hurdle that has long stood in the way of efficient data utilization from Edgar. This is where the edgartools Python library comes in.
Getting started with edgartools
Installation
edgartools is a Python library designed to simplify the process of accessing and working with data from the SEC’s Edgar database. Installing edgartools is straightforward and can be done using either pip or poetry. Open your terminal or command prompt and enter one of the following commands:
pip install edgartoolsor, if you’re using poetry:
poetry add edgartoolsedgartools leverages several powerful libraries, including pyarrow and pandas, to manage data efficiently. It also means that the data you retrieve is easily available as pandas dataframes, which makes it simple to work with and integrate into your existing data analysis workflows. These dependencies are automatically installed with edgartools, so you don’t need to worry about setting them up separately.
Basic usage
Once edgartools is installed, you can begin by importing the necessary components from the library. The first step in interacting with the Edgar API through edgartools is to set your identity. The SEC requires all API users to provide a name and email address. This requirement is easily met with edgartools as shown below:
With your identity set, you’re now ready to start querying the Edgar database programmatically. Whether you’re interested in specific company filings, financial summaries, or historical data, edgartools provides a streamlined, efficient pathway to obtaining this information.
In the following sections, we’ll dive deeper into how to retrieve company information, access filings, and work with the data to extract valuable insights for your research.
Retrieving company filings
Querying Company Data
To begin working with a specific company, you need to define a Company object in edgartools. This object serves as your gateway to a wealth of information about the company, including its filings, financial summaries, and historical data. You can define a company object using either the company’s ticker symbol or its Central Index Key (CIK) code.
from edgar import Company
apple = Company("AAPL")
apple╭─────────────────────────────────────────────── Apple Inc. (AAPL) ───────────────────────────────────────────────╮ │ │ │ CIK Category Industry Incorporated │ │ ──────────────────────────────────────────────────────────────────────── │ │ 320193 Large accelerated filer Electronic Computers CA │ │ │ │ ╭───────── ✉ Mailing Address ──────────╮ ╭──────── 🏢 Business Address ─────────╮ │ │ │ ONE APPLE PARK WAY │ │ ONE APPLE PARK WAY │ │ │ │ CUPERTINO, CA 95014 │ │ CUPERTINO, CA 95014 │ │ │ ╰──────────────────────────────────────╯ ╰──────────────────────────────────────╯ │ ╰─────────────────────────────────────────────────────────────────────────────────────────────────────────────────╯
Once you have a company object, you can easily retrieve basic company information, financial summaries, former names, and other metadata. Here are some examples:
apple.financialsBalance Sheet 2023-09-30 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ASSETS: CURRENT ASSETS: Cash and Cash Equivalents 29,965,000,000 Other Current Assets 14,695,000,000 Current Assets 143,566,000,000 NONCURRENT ASSETS: Marketable Securities 100,544,000,000 Property, Plant and Equipment 43,715,000,000 Other Noncurrent Assets 64,758,000,000 Total Noncurrent Assets 209,017,000,000 Total Assets 352,583,000,000 LIABILITIES AND STOCKHOLDERS' EQUITY: CURRENT LIABILITIES: Accounts Payable 62,611,000,000 Other Current Liabilities 58,829,000,000 Deferred Revenue 8,061,000,000 Commercial Paper 5,985,000,000 Term Debt 9,822,000,000 Total Current Liabilities 145,308,000,000 NONCURRENT LIABILITIES: Non-current Long Term Debt 95,281,000,000 Other Noncurrent Liabilities 49,848,000,000 Total Noncurrent Liabilities 145,129,000,000 Total Liabilities 290,437,000,000 STOCKHOLDERS' EQUITY: Common Stock and paid-in Capital 73,812,000,000 Retained Earnings -214,000,000 Accumulated Other Comprehensive Income -11,452,000,000 Total Stockholders' Equity 62,146,000,000 Total Liabilities and Stockholders' Equity 352,583,000,000 Cashflow Statement 2023-09-30 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ OPERATING ACTIVITIES: Net Income 96,995,000,000 Depreciation and Amortization 11,519,000,000 Stock-based Compensation 10,833,000,000 Other Noncash Income/Expense 2,227,000,000 Changes in Accounts Payable -1,889,000,000 Changes in Inventories 1,618,000,000 Net Cash Provided by Operating Activities 110,543,000,000 INVESTING ACTIVITIES: Purchases of Marketable Securities 29,513,000,000 Proceeds from Maturities of Marketable Securities 39,686,000,000 Proceeds from Sale of Marketable Securities 5,828,000,000 Purchases of Property, Plant and Equipment 10,959,000,000 Other Investing Activities 1,337,000,000 Net Cash Provided by Investing Activities 3,705,000,000 FINANCING ACTIVITIES: Payments of Tax for Share-based Compensation 5,431,000,000 Dividends Paid 15,025,000,000 Repurchases of Common Stock 77,550,000,000 Repayments of Long-term Debt 11,151,000,000 Net Cash Provided by Financing Activities -108,488,000,000 Changes in Cash, cash equivalents and restricted cash 5,760,000,000 Cash, cash equivalents and restricted cash 30,737,000,000 Consolidated Statement of Operations 2023-09-30 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Total Net Sales 383,285,000,000 COST OF SALES: Cost Goods and Services Sold 214,137,000,000 Gross Profit 169,148,000,000 OPERATING EXPENSES: Research and Development Expenses 29,915,000,000 Selling General and Administrative Expenses 24,932,000,000 Total Operating Expenses 54,847,000,000 Operating Income 114,301,000,000 OTHER INCOME/EXPENSE: Interest Expense 3,933,000,000 Nonoperating Income -565,000,000 Income Before Taxes 113,736,000,000 Income Tax Expense 16,741,000,000 Net Income 96,995,000,000 EARNINGS PER SHARE: Basic 6.16 Diluted 6.13 WEIGHTED AVERAGE SHARES OUTSTANDING: Basic 15,744,231,000 Diluted 15,812,547,000
apple.former_names[{'name': 'APPLE INC',
'from': '2007-01-10T00:00:00.000Z',
'to': '2019-08-05T00:00:00.000Z'},
{'name': 'APPLE COMPUTER INC',
'from': '1994-01-26T00:00:00.000Z',
'to': '2007-01-04T00:00:00.000Z'},
{'name': 'APPLE COMPUTER INC/ FA',
'from': '1997-07-28T00:00:00.000Z',
'to': '1997-07-28T00:00:00.000Z'}]Company Filings
You can also use this Company object to access the company’s filings. The get_filings method allows you to retrieve a list of filings for the company, filtered by form type, date range, and other criteria. Here’s an example of how to retrieve the 10-Q filings (quarterly earnings) for a company:
filings = apple.get_filings(form="10-Q")
filings╭──────────────────────────────────────── Filings for Apple Inc. [320193] ────────────────────────────────────────╮ │ │ │ form filed accession_number xbrl │ │ ────────────────────────────────────────────────────── │ │ 0 10-Q 2024-02-02 0000320193-24-000006 ✓ │ │ 1 10-Q 2023-08-04 0000320193-23-000077 ✓ │ │ 2 10-Q 2023-05-05 0000320193-23-000064 ✓ │ │ 3 10-Q 2023-02-03 0000320193-23-000006 ✓ │ │ 4 10-Q 2022-07-29 0000320193-22-000070 ✓ │ │ 5 10-Q 2022-04-29 0000320193-22-000059 ✓ │ │ 6 10-Q 2022-01-28 0000320193-22-000007 ✓ │ │ 7 10-Q 2021-07-28 0000320193-21-000065 ✓ │ │ 8 10-Q 2021-04-29 0000320193-21-000056 ✓ │ │ 9 10-Q 2021-01-28 0000320193-21-000010 ✓ │ │ 10 10-Q 2020-07-31 0000320193-20-000062 ✓ │ │ 11 10-Q 2020-05-01 0000320193-20-000052 ✓ │ │ 12 10-Q 2020-01-29 0000320193-20-000010 ✓ │ │ 13 10-Q 2019-07-31 0000320193-19-000076 ✓ │ │ 14 10-Q 2019-05-01 0000320193-19-000066 ✓ │ │ 15 10-Q 2019-01-30 0000320193-19-000010 ✓ │ │ 16 10-Q 2018-08-01 0000320193-18-000100 ✓ │ │ 17 10-Q 2018-05-02 0000320193-18-000070 ✓ │ │ 18 10-Q 2018-02-02 0000320193-18-000007 ✓ │ │ 19 10-Q 2017-08-02 0000320193-17-000009 ✓ │ │ 20 10-Q 2017-05-03 0001628280-17-004790 ✓ │ │ 21 10-Q 2017-02-01 0001628280-17-000717 ✓ │ │ 22 10-Q 2016-07-27 0001628280-16-017809 ✓ │ │ 23 10-Q 2016-04-27 0001193125-16-559625 ✓ │ │ 24 10-Q 2016-01-27 0001193125-16-439878 ✓ │ │ 25 10-Q 2015-07-22 0001193125-15-259935 ✓ │ │ 26 10-Q 2015-04-28 0001193125-15-153166 ✓ │ │ 27 10-Q 2015-01-28 0001193125-15-023697 ✓ │ │ 28 10-Q 2014-07-23 0001193125-14-277160 ✓ │ │ 29 10-Q 2014-04-24 0001193125-14-157311 ✓ │ │ 30 10-Q 2014-01-28 0001193125-14-024487 ✓ │ │ 31 10-Q 2013-07-24 0001193125-13-300670 ✓ │ │ 32 10-Q 2013-04-24 0001193125-13-168288 ✓ │ │ 33 10-Q 2013-01-24 0001193125-13-022339 ✓ │ │ 34 10-Q 2012-07-25 0001193125-12-314552 ✓ │ │ 35 10-Q 2012-04-25 0001193125-12-182321 ✓ │ │ 36 10-Q 2012-01-25 0001193125-12-023398 ✓ │ │ 37 10-Q 2011-07-20 0001193125-11-192493 ✓ │ │ 38 10-Q 2011-04-21 0001193125-11-104388 ✓ │ │ 39 10-Q 2011-01-19 0001193125-11-010144 ✓ │ │ 40 10-Q 2010-07-21 0001193125-10-162840 ✓ │ │ 41 10-Q 2010-04-21 0001193125-10-088957 ✓ │ │ 42 10-Q 2010-01-25 0001193125-10-012085 ✓ │ │ 43 10-Q 2009-07-22 0001193125-09-153165 ✓ │ │ 44 10-Q 2009-04-23 0001193125-09-085781 │ │ 45 10-Q 2009-01-23 0001193125-09-009937 │ │ 46 10-Q 2008-07-23 0001193125-08-156421 │ │ 47 10-Q 2008-05-01 0001193125-08-097759 │ │ 48 10-Q 2008-02-01 0001193125-08-017426 │ │ 49 10-Q 2007-08-08 0001104659-07-059873 │ │ │ │ Showing 50 filings of 90 total │ ╰─────────────────────────────────────────────────────────────────────────────────────────────────────────────────╯
After retrieving a list of filings, you might want to analyze the metadata or convert it into a format that’s easier to work with, such as a pandas DataFrame:
filings.to_pandas()| accession_number | filing_date | reportDate | acceptanceDateTime | act | form | fileNumber | items | size | isXBRL | isInlineXBRL | primaryDocument | primaryDocDescription | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0000320193-24-000006 | 2024-02-02 | 2023-12-30 | 2024-02-01T18:03:38.000Z | 34 | 10-Q | 001-36743 | 4984121 | 1 | 1 | aapl-20231230.htm | 10-Q | |
| 1 | 0000320193-23-000077 | 2023-08-04 | 2023-07-01 | 2023-08-03T18:04:43.000Z | 34 | 10-Q | 001-36743 | 5939898 | 1 | 1 | aapl-20230701.htm | 10-Q | |
| 2 | 0000320193-23-000064 | 2023-05-05 | 2023-04-01 | 2023-05-04T18:03:52.000Z | 34 | 10-Q | 001-36743 | 6314786 | 1 | 1 | aapl-20230401.htm | 10-Q | |
| 3 | 0000320193-23-000006 | 2023-02-03 | 2022-12-31 | 2023-02-02T18:01:30.000Z | 34 | 10-Q | 001-36743 | 5915088 | 1 | 1 | aapl-20221231.htm | 10-Q | |
| 4 | 0000320193-22-000070 | 2022-07-29 | 2022-06-25 | 2022-07-28T18:06:56.000Z | 34 | 10-Q | 001-36743 | 6109993 | 1 | 1 | aapl-20220625.htm | 10-Q | |
| ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| 85 | 0000320193-95-000011 | 1995-08-11 | 1995-06-30 | 1995-08-11T00:00:00.000Z | 10-Q | 000-10030 | 213500 | 0 | 0 | ||||
| 86 | 0000320193-95-000008 | 1995-05-15 | 1995-03-31 | 1995-05-15T00:00:00.000Z | 10-Q | 000-10030 | 111162 | 0 | 0 | ||||
| 87 | 0000320193-95-000003 | 1995-02-09 | 1994-12-30 | 1995-02-09T00:00:00.000Z | 10-Q | 000-10030 | 132577 | 0 | 0 | ||||
| 88 | 0000320193-94-000013 | 1994-08-12 | 1994-07-01 | 1994-08-12T00:00:00.000Z | 10-Q | 000-10030 | 138354 | 0 | 0 | ||||
| 89 | 0000320193-94-000002 | 1994-01-26 | 1993-12-31 | 1994-01-26T00:00:00.000Z | 10-Q | 000-10030 | 233311 | 0 | 0 |
90 rows × 13 columns
This DataFrame contains metadata about each filing, which can be invaluable for preliminary analyses or for identifying filings of interest.
Accessing Filing Data
Beyond metadata, edgartools facilitates downloading and accessing the content of filings. Let’s work with the latest filing from the list we retrieved earlier.
latest_10q = filings.latest()latest_10q╭───────────────────────────────────────── 10-Q 📊 filing for Apple Inc. ─────────────────────────────────────────╮ │ │ │ Accession Number Filing Date Company CIK │ │ ────────────────────────────────────────────────────────── │ │ 0000320193-24-000006 2024-02-02 Apple Inc. 320193 │ │ │ │ │ │ Links: 🏠 Homepage 📄 Primary Document 📜 Full Submission Text │ │ ─────────────────────────────────────────────────────────────────────────────────────────── │ │ 🏠 https://sec.gov/Archives/edgar/data/320193/0000320193-24-000006-index.html │ │ 📄 https://sec.gov/Archives/edgar/data/320193/000032019324000006/aapl-20231230.htm │ │ 📜 https://sec.gov/Archives/edgar/data/320193/000032019324000006/0000320193-24-000006.txt │ │ │ ╰─────────────────────────────────────────────────────────────────────────────────────────────────────────────────╯
To download the filing content, you can use the obj() method, which in this case will return a TenQ object. This object contains the filing’s content.
tenq = latest_10q.obj()
tenq╭─────────────────────────────────────────────────────────────────────────────────────────────────────────────────╮ │ ╭─────────────────────────────────────── 10-Q 📊 filing for Apple Inc. ───────────────────────────────────────╮ │ │ │ │ │ │ │ Accession Number Filing Date Company CIK │ │ │ │ ────────────────────────────────────────────────────────── │ │ │ │ 0000320193-24-000006 2024-02-02 Apple Inc. 320193 │ │ │ │ │ │ │ │ │ │ │ │ Links: 🏠 Homepage 📄 Primary Document 📜 Full Submission Text │ │ │ │ ─────────────────────────────────────────────────────────────────────────────────────────── │ │ │ │ 🏠 https://sec.gov/Archives/edgar/data/320193/0000320193-24-000006-index.html │ │ │ │ 📄 https://sec.gov/Archives/edgar/data/320193/000032019324000006/aapl-20231230.htm │ │ │ │ 📜 https://sec.gov/Archives/edgar/data/320193/000032019324000006/0000320193-24-000006.txt │ │ │ │ │ │ │ ╰─────────────────────────────────────────────────────────────────────────────────────────────────────────────╯ │ │ │ │ Balance Sheet │ │ │ │ 2023-12-30 │ │ ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ │ │ ASSETS: │ │ CURRENT ASSETS: │ │ Cash and Cash Equivalents 40,760,000,000 │ │ Other Current Assets 13,979,000,000 │ │ Current Assets 143,692,000,000 │ │ │ │ NONCURRENT ASSETS: │ │ Marketable Securities 99,475,000,000 │ │ Property, Plant and Equipment 43,666,000,000 │ │ Other Noncurrent Assets 66,681,000,000 │ │ Total Noncurrent Assets 209,822,000,000 │ │ │ │ Total Assets 353,514,000,000 │ │ │ │ LIABILITIES AND STOCKHOLDERS' EQUITY: │ │ CURRENT LIABILITIES: │ │ Accounts Payable 58,146,000,000 │ │ Other Current Liabilities 54,611,000,000 │ │ Deferred Revenue 8,264,000,000 │ │ Commercial Paper 1,998,000,000 │ │ Term Debt 10,954,000,000 │ │ Total Current Liabilities 133,973,000,000 │ │ │ │ NONCURRENT LIABILITIES: │ │ Non-current Long Term Debt 95,088,000,000 │ │ Other Noncurrent Liabilities 50,353,000,000 │ │ Total Noncurrent Liabilities 145,441,000,000 │ │ │ │ Total Liabilities 279,414,000,000 │ │ │ │ STOCKHOLDERS' EQUITY: │ │ Common Stock and paid-in Capital 75,236,000,000 │ │ Retained Earnings 8,242,000,000 │ │ Accumulated Other Comprehensive Income -9,378,000,000 │ │ Total Stockholders' Equity 74,100,000,000 │ │ │ │ Total Liabilities and Stockholders' Equity 353,514,000,000 │ │ │ │ Cashflow Statement │ │ │ │ 2023-12-30 │ │ ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ │ │ OPERATING ACTIVITIES: │ │ Net Income 33,916,000,000 │ │ Depreciation and Amortization 2,848,000,000 │ │ Stock-based Compensation 2,997,000,000 │ │ Other Noncash Income/Expense 989,000,000 │ │ Changes in Accounts Payable -4,542,000,000 │ │ Changes in Inventories 137,000,000 │ │ Net Cash Provided by Operating Activities 39,895,000,000 │ │ │ │ INVESTING ACTIVITIES: │ │ Purchases of Marketable Securities 9,780,000,000 │ │ Proceeds from Maturities of Marketable Securities 13,046,000,000 │ │ Proceeds from Sale of Marketable Securities 1,337,000,000 │ │ Purchases of Property, Plant and Equipment 2,392,000,000 │ │ Other Investing Activities 284,000,000 │ │ Net Cash Provided by Investing Activities 1,927,000,000 │ │ │ │ FINANCING ACTIVITIES: │ │ Payments of Tax for Share-based Compensation 2,591,000,000 │ │ Dividends Paid 3,825,000,000 │ │ Repurchases of Common Stock 20,139,000,000 │ │ Repayments of Long-term Debt 0 │ │ Net Cash Provided by Financing Activities -30,585,000,000 │ │ │ │ Changes in Cash, cash equivalents and restricted cash 11,237,000,000 │ │ Cash, cash equivalents and restricted cash 41,974,000,000 │ │ │ │ Consolidated Statement of Operations │ │ │ │ 2023-12-30 │ │ ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ │ │ Total Net Sales 119,575,000,000 │ │ │ │ COST OF SALES: │ │ Cost Goods and Services Sold 64,720,000,000 │ │ │ │ Gross Profit 54,855,000,000 │ │ │ │ OPERATING EXPENSES: │ │ Research and Development Expenses 7,696,000,000 │ │ Selling General and Administrative Expenses 6,786,000,000 │ │ Total Operating Expenses 14,482,000,000 │ │ │ │ Operating Income 40,373,000,000 │ │ │ │ OTHER INCOME/EXPENSE: │ │ Nonoperating Income -50,000,000 │ │ Income Before Taxes 40,323,000,000 │ │ │ │ Income Tax Expense 6,407,000,000 │ │ Net Income 33,916,000,000 │ │ │ │ EARNINGS PER SHARE: │ │ Basic 2.19 │ │ Diluted 2.18 │ │ WEIGHTED AVERAGE SHARES OUTSTANDING: │ │ Basic 15,509,763,000 │ │ Diluted 15,576,641,000 │ │ │ │ │ ╰─────────────────────────────────────────────────────────────────────────────────────────────────────────────────╯
The TenQ object provides access to the text content of the filing in a structured format, split by sections called “Items”. You can access the list of items in the filing using the .item attribute:
tenq.items['Item 1', 'Item 2', 'Item 3', 'Item 4', 'Item 1A', 'Item 5', 'Item 6']You can then access the text content of each item using by passing the item name in square brackets:
print(tenq["Item 2"])Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
This Item and other sections of this Quarterly Report on Form 10-Q (“Form 10-Q”) contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. For example, statements in this Form 10-Q regarding the potential future impact of macroeconomic conditions on the Company’s business and results of operations are forward-looking statements. Forward-looking statements can also be identified by words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “will,” “would,” “could,” “can,” “may,” and similar terms. Forward-looking statements are not guarantees of future performance and the Company’s actual results may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such differences include, but are not limited to, those discussed in Part I, Item 1A of the 2023 Form 10-K under the heading “Risk Factors.” The Company assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law.
Unless otherwise stated, all information presented herein is based on the Company’s fiscal calendar, and references to particular years, quarters, months or periods refer to the Company’s fiscal years ended in September and the associated quarters, months and periods of those fiscal years.
The following discussion should be read in conjunction with the 2023 Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) and the condensed consolidated financial statements and accompanying notes included in Part I, Item 1 of this Form 10-Q.
Available Information
The Company periodically provides certain information for investors on its corporate website, www.apple.com, and its investor relations website, investor.apple.com. This includes press releases and other information about financial performance, information on environmental, social and governance matters, and details related to the Company’s annual meeting of shareholders. The information contained on the websites referenced in this Form 10-Q is not incorporated by reference into this filing. Further, the Company’s references to website URLs are intended to be inactive textual references only.
Business Seasonality and Product Introductions
The Company has historically experienced higher net sales in its first quarter compared to other quarters in its fiscal year due in part to seasonal holiday demand. Additionally, new product and service introductions can significantly impact net sales, cost of sales and operating expenses. The timing of product introductions can also impact the Company’s net sales to its indirect distribution channels as these channels are filled with new inventory following a product launch, and channel inventory of an older product often declines as the launch of a newer product approaches. Net sales can also be affected when consumers and distributors anticipate a product introduction.
Fiscal Period
The Company’s fiscal year is the 52- or 53-week period that ends on the last Saturday of September. An additional week is included in the first fiscal quarter every five or six years to realign the Company’s fiscal quarters with calendar quarters, which occurred in the first quarter of 2023. The Company’s fiscal years 2024 and 2023 span 52 and 53 weeks, respectively.
Quarterly Highlights
The Company’s first quarter of 2024 included 13 weeks, compared to 14 weeks during the first quarter of 2023.
The Company’s total net sales increased 2% or $2.4 billion during the first quarter of 2024 compared to the same quarter in 2023, driven primarily by higher net sales of iPhone and Services, partially offset by lower net sales of iPad and Wearables, Home and Accessories.
During the first quarter of 2024, the Company announced an updated MacBook Pro® 14-in., MacBook Pro 16-in. and iMac®.
The Company repurchased $20.5 billion of its common stock and paid dividends and dividend equivalents of $3.8 billion during the first quarter of 2024.
Macroeconomic Conditions
Macroeconomic conditions, including inflation, changes in interest rates, and currency fluctuations, have directly and indirectly impacted, and could in the future materially impact, the Company’s results of operations and financial condition.
Apple Inc. | Q1 2024 Form 10-Q | 13
Segment Operating Performance
The following table shows net sales by reportable segment for the three months ended December 30, 2023 and December 31, 2022 (dollars in millions):
| Three Months Ended | | ---------------------------------+--------------------+---------+----------------- | December 30,2023 | | December 31,2022 | | Change | | | | | ---------------------------------+--------------------+---------+------------------+--------+--------+---------+------+---+---+-- Net sales by reportable segment: | | | | | | | | | | ---------------------------------+--------------------+---------+------------------+--------+--------+---------+------+---+---+-- Americas | $ | 50,430 | | | $ | 49,278 | | | 2 | % ---------------------------------+--------------------+---------+------------------+--------+--------+---------+------+---+---+-- Europe | 30,397 | | | 27,681 | | | 10 | % | | ---------------------------------+--------------------+---------+------------------+--------+--------+---------+------+---+---+-- Greater China | 20,819 | | | 23,905 | | | (13) | % | | ---------------------------------+--------------------+---------+------------------+--------+--------+---------+------+---+---+-- Japan | 7,767 | | | 6,755 | | | 15 | % | | ---------------------------------+--------------------+---------+------------------+--------+--------+---------+------+---+---+-- Rest of Asia Pacific | 10,162 | | | 9,535 | | | 7 | % | | ---------------------------------+--------------------+---------+------------------+--------+--------+---------+------+---+---+-- Total net sales | $ | 119,575 | | | $ | 117,154 | | | 2 | % ---------------------------------+--------------------+---------+------------------+--------+--------+---------+------+---+---+-- Americas
Americas net sales increased 2% or $1.2 billion during the first quarter of 2024 compared to the same quarter in 2023 due primarily to higher net sales of Services and iPhone, partially offset by lower net sales of iPad. The strength in foreign currencies relative to the U.S. dollar had a net favorable year-over-year impact on Americas net sales during the first quarter of 2024.
Europe
Europe net sales increased 10% or $2.7 billion during the first quarter of 2024 compared to the same quarter in 2023 due primarily to higher net sales of iPhone. The strength in foreign currencies relative to the U.S. dollar had a net favorable year-over-year impact on Europe net sales during the first quarter of 2024.
Greater China
Greater China net sales decreased 13% or $3.1 billion during the first quarter of 2024 compared to the same quarter in 2023 due primarily to lower net sales of iPhone, iPad and Wearables, Home and Accessories. The weakness in the renminbi relative to the U.S. dollar had an unfavorable year-over-year impact on Greater China net sales during the first quarter of 2024.
Japan
Japan net sales increased 15% or $1.0 billion during the first quarter of 2024 compared to the same quarter in 2023 due primarily to higher net sales of iPhone. The weakness in the yen relative to the U.S. dollar had an unfavorable year-over-year impact on Japan net sales during the first quarter of 2024.
Rest of Asia Pacific
Rest of Asia Pacific net sales increased 7% or $627 million during the first quarter of 2024 compared to the same quarter in 2023 due primarily to higher net sales of iPhone, partially offset by lower net sales of Wearables, Home and Accessories.
Apple Inc. | Q1 2024 Form 10-Q | 14
Products and Services Performance
The following table shows net sales by category for the three months ended December 30, 2023 and December 31, 2022 (dollars in millions):
| Three Months Ended | | --------------------------------+--------------------+---------+----------------- | December 30,2023 | | December 31,2022 | | Change | | | | | --------------------------------+--------------------+---------+------------------+--------+--------+---------+------+---+---+-- Net sales by category: | | | | | | | | | | --------------------------------+--------------------+---------+------------------+--------+--------+---------+------+---+---+-- iPhone | $ | 69,702 | | | $ | 65,775 | | | 6 | % --------------------------------+--------------------+---------+------------------+--------+--------+---------+------+---+---+-- Mac | 7,780 | | | 7,735 | | | 1 | % | | --------------------------------+--------------------+---------+------------------+--------+--------+---------+------+---+---+-- iPad | 7,023 | | | 9,396 | | | (25) | % | | --------------------------------+--------------------+---------+------------------+--------+--------+---------+------+---+---+-- Wearables, Home and Accessories | 11,953 | | | 13,482 | | | (11) | % | | --------------------------------+--------------------+---------+------------------+--------+--------+---------+------+---+---+-- Services | 23,117 | | | 20,766 | | | 11 | % | | --------------------------------+--------------------+---------+------------------+--------+--------+---------+------+---+---+-- Total net sales | $ | 119,575 | | | $ | 117,154 | | | 2 | % --------------------------------+--------------------+---------+------------------+--------+--------+---------+------+---+---+-- iPhone
iPhone net sales increased 6% or $3.9 billion during the first quarter of 2024 compared to the same quarter in 2023 due primarily to higher net sales of Pro models, partially offset by lower net sales of other models.
Mac
Mac net sales were relatively flat during the first quarter of 2024 compared to the same quarter in 2023.
iPad
iPad net sales decreased 25% or $2.4 billion during the first quarter of 2024 compared to the same quarter in 2023 due primarily to lower net sales of iPad Pro, iPad 9th generation and iPad Air.
Wearables, Home and Accessories
Wearables, Home and Accessories net sales decreased 11% or $1.5 billion during the first quarter of 2024 compared to the same quarter in 2023 due primarily to lower net sales of Wearables and Accessories.
Services
Services net sales increased 11% or $2.4 billion during the first quarter of 2024 compared to the same quarter in 2023 due primarily to higher net sales from advertising, video and cloud services.
Apple Inc. | Q1 2024 Form 10-Q | 15
Gross Margin
Products and Services gross margin and gross margin percentage for the three months ended December 30, 2023 and December 31, 2022 were as follows (dollars in millions):
| Three Months Ended | | -------------------+--------------------+--------+----------------- | December 30,2023 | | December 31,2022 | | | -------------------+--------------------+--------+------------------+--------+---+------- Gross margin: | | | | | | -------------------+--------------------+--------+------------------+--------+---+------- Products | $ | 38,018 | | | $ | 35,623 -------------------+--------------------+--------+------------------+--------+---+------- Services | 16,837 | | | 14,709 | | -------------------+--------------------+--------+------------------+--------+---+------- Total gross margin | $ | 54,855 | | | $ | 50,332 -------------------+--------------------+--------+------------------+--------+---+------- Gross margin percentage: | | | | ------------------------------+------+---+------+-- Products | 39.4 | % | 37.0 | % ------------------------------+------+---+------+-- Services | 72.8 | % | 70.8 | % ------------------------------+------+---+------+-- Total gross margin percentage | 45.9 | % | 43.0 | % ------------------------------+------+---+------+-- Products Gross Margin
Products gross margin increased during the first quarter of 2024 compared to the same quarter in 2023 due primarily to cost savings and a different Products mix, partially offset by the weakness in foreign currencies relative to the U.S. dollar and lower Products volume.
Products gross margin percentage increased during the first quarter of 2024 compared to the same quarter in 2023 due primarily to cost savings and a different Products mix, partially offset by the weakness in foreign currencies relative to the U.S. dollar.
Services Gross Margin
Services gross margin increased during the first quarter of 2024 compared to the same quarter in 2023 due primarily to higher Services net sales and a different Services mix.
Services gross margin percentage increased during the first quarter of 2024 compared to the same quarter in 2023 due primarily to a different Services mix.
The Company’s future gross margins can be impacted by a variety of factors, as discussed in Part I, Item 1A of the 2023 Form 10-K under the heading “Risk Factors.” As a result, the Company believes, in general, gross margins will be subject to volatility and downward pressure.
Apple Inc. | Q1 2024 Form 10-Q | 16
Operating Expenses
Operating expenses for the three months ended December 30, 2023 and December 31, 2022 were as follows (dollars in millions):
| Three Months Ended | | ------------------------------------+--------------------+--------+----------------- | December 30,2023 | | December 31,2022 | | | ------------------------------------+--------------------+--------+------------------+----+---+------- Research and development | $ | 7,696 | | | $ | 7,709 ------------------------------------+--------------------+--------+------------------+----+---+------- Percentage of total net sales | 6 | % | | 7 | % | ------------------------------------+--------------------+--------+------------------+----+---+------- Selling, general and administrative | $ | 6,786 | | | $ | 6,607 ------------------------------------+--------------------+--------+------------------+----+---+------- Percentage of total net sales | 6 | % | | 6 | % | ------------------------------------+--------------------+--------+------------------+----+---+------- Total operating expenses | $ | 14,482 | | | $ | 14,316 ------------------------------------+--------------------+--------+------------------+----+---+------- Percentage of total net sales | 12 | % | | 12 | % | ------------------------------------+--------------------+--------+------------------+----+---+------- Research and Development
Research and development (“R&D”) expense was relatively flat during the first quarter of 2024 compared to the same quarter in 2023.
Selling, General and Administrative
Selling, general and administrative expense increased 3% or $179 million during the first quarter of 2024 compared to the same quarter in 2023.
Provision for Income Taxes
Provision for income taxes, effective tax rate and statutory federal income tax rate for the three months ended December 30, 2023 and December 31, 2022 were as follows (dollars in millions):
| Three Months Ended | | ----------------------------------+--------------------+-------+----------------- | December 30,2023 | | December 31,2022 | | | ----------------------------------+--------------------+-------+------------------+------+---+------ Provision for income taxes | $ | 6,407 | | | $ | 5,625 ----------------------------------+--------------------+-------+------------------+------+---+------ Effective tax rate | 15.9 | % | | 15.8 | % | ----------------------------------+--------------------+-------+------------------+------+---+------ Statutory federal income tax rate | 21 | % | | 21 | % | ----------------------------------+--------------------+-------+------------------+------+---+------ The Company’s effective tax rate for the first quarter of 2024 was lower than the statutory federal income tax rate due primarily to a lower effective tax rate on foreign earnings, tax benefits from share-based compensation, and the impact of the U.S. federal R&D credit, partially offset by state income taxes.
The Company’s effective tax rate for the first quarter of 2024 was relatively flat compared to the same quarter in 2023.
Liquidity and Capital Resources
The Company believes its balances of cash, cash equivalents and unrestricted marketable securities, along with cash generated by ongoing operations and continued access to debt markets, will be sufficient to satisfy its cash requirements and capital return program over the next 12 months and beyond.
The Company’s contractual cash requirements have not changed materially since the 2023 Form 10-K, except for manufacturing purchase obligations.
Manufacturing Purchase Obligations
The Company utilizes several outsourcing partners to manufacture subassemblies for the Company’s products and to perform final assembly and testing of finished products. The Company also obtains individual components for its products from a wide variety of individual suppliers. As of December 30, 2023, the Company had manufacturing purchase obligations of $38.0 billion, with $37.9 billion payable within 12 months.
Apple Inc. | Q1 2024 Form 10-Q | 17
Capital Return Program
In addition to its contractual cash requirements, the Company has an authorized share repurchase program. The program does not obligate the Company to acquire a minimum amount of shares. As of December 30, 2023, the Company’s quarterly cash dividend was $0.24 per share. The Company intends to increase its dividend on an annual basis, subject to declaration by the Board of Directors.
Recent Accounting Pronouncements
Income Taxes
In December 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”), which will require the Company to disclose specified additional information in its income tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. ASU 2023-09 will also require the Company to disaggregate its income taxes paid disclosure by federal, state and foreign taxes, with further disaggregation required for significant individual jurisdictions. The Company will adopt ASU 2023-09 in its fourth quarter of 2026. ASU 2023-09 allows for adoption using either a prospective or retrospective transition method.
Segment Reporting
In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”), which will require the Company to disclose segment expenses that are significant and regularly provided to the Company’s chief operating decision maker (“CODM”). In addition, ASU 2023-07 will require the Company to disclose the title and position of its CODM and how the CODM uses segment profit or loss information in assessing segment performance and deciding how to allocate resources. The Company will adopt ASU 2023-07 in its fourth quarter of 2025 using a retrospective transition method.
Critical Accounting Estimates
The preparation of financial statements and related disclosures in conformity with GAAP and the Company’s discussion and analysis of its financial condition and operating results require the Company’s management to make judgments, assumptions and estimates that affect the amounts reported. Note 1, “Summary of Significant Accounting Policies” of the Notes to Condensed Consolidated Financial Statements in Part I, Item 1 of this Form 10-Q and in the Notes to Consolidated Financial Statements in Part II, Item 8 of the 2023 Form 10-K describe the significant accounting policies and methods used in the preparation of the Company’s condensed consolidated financial statements. There have been no material changes to the Company’s critical accounting estimates since the 2023 Form 10-K.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Share repurchase activity during the three months ended December 30, 2023 was as follows (in millions, except number of shares, which are reflected in thousands, and per-share amounts):
Periods | Total Numberof Shares Purchased | Average PricePaid Per Share | | Total Number of SharesPurchased as Part of PubliclyAnnounced Plans or Programs | | Approximate Dollar Value ofShares That May Yet Be PurchasedUnder the Plans or Programs (1) -----------------------------------------------+---------------------------------+-----------------------------+-----+--------------------------------------------------------------------------------+-------+------------------------------------------------------------------------------------------- October 1, 2023 to November 4, 2023: | | | | | | -----------------------------------------------+---------------------------------+-----------------------------+-----+--------------------------------------------------------------------------------+-------+------------------------------------------------------------------------------------------- August 2023 ASRs | 6,498 | | (2) | | 6,498 | | | -----------------------------------------------+---------------------------------+-----------------------------+-----+--------------------------------------------------------------------------------+-------+--------------------------------------------------------------------------------------------+--------+------- Open market and privately negotiated purchases | 45,970 | | $ | 174.03 | | | 45,970 | -----------------------------------------------+---------------------------------+-----------------------------+-----+--------------------------------------------------------------------------------+-------+--------------------------------------------------------------------------------------------+--------+------- November 5, 2023 to December 2, 2023: | | | | | | -----------------------------------------------+---------------------------------+-----------------------------+-----+--------------------------------------------------------------------------------+-------+------------------------------------------------------------------------------------------- Open market and privately negotiated purchases | 33,797 | | $ | 187.14 | | | 33,797 | -----------------------------------------------+---------------------------------+-----------------------------+-----+--------------------------------------------------------------------------------+-------+--------------------------------------------------------------------------------------------+--------+------- December 3, 2023 to December 30, 2023: | | | | | | -----------------------------------------------+---------------------------------+-----------------------------+-----+--------------------------------------------------------------------------------+-------+------------------------------------------------------------------------------------------- Open market and privately negotiated purchases | 31,782 | | $ | 194.29 | | | 31,782 | -----------------------------------------------+---------------------------------+-----------------------------+-----+--------------------------------------------------------------------------------+-------+--------------------------------------------------------------------------------------------+--------+------- Total | 118,047 | | | | | | $ | 53,569 -----------------------------------------------+---------------------------------+-----------------------------+-----+--------------------------------------------------------------------------------+-------+--------------------------------------------------------------------------------------------+--------+------- (1)As of December 30, 2023, the Company was authorized by the Board of Directors to purchase up to $90 billion of the Company’s common stock under a share repurchase program announced on May 4, 2023, of which $36.4 billion had been utilized. The program does not obligate the Company to acquire a minimum amount of shares. Under the program, shares may be repurchased in privately negotiated or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act.
(2)In August 2023, the Company entered into accelerated share repurchase agreements (“ASRs”) to purchase up to a total of $5.0 billion of the Company’s common stock. In October 2023, the purchase periods for these ASRs ended and an additional 6 million shares were delivered and retired. In total, 29 million shares were delivered under these ASRs at an average repurchase price of $174.93 per share.
Apple Inc. | Q1 2024 Form 10-Q | 20
XBRL Data
XBRL (eXtensible Business Reporting Language) data offers a standardized format for financial reporting, making it easier to compare financial information across companies. SEC has required companies to submit their financial statements in XBRL format for many years, and this data is available through the Edgar database. edgartools provides tools to access this parsed data directly:
xbrl = latest_10q.xbrl()
xbrl╭─────────────────────────────────────────────────────────────────────────────────────────────────────────────────╮ │ Form 10-Q Extracted XBRL │ │ │ │ cik form namespaces facts │ │ ───────────────────────────────────────────────── │ │ Apple Inc. 320193 10-Q 11 629 │ │ │ │ Facts │ │ │ │ namespace fact value units end_date │ │ ──────────────────────────────────────────────────────────────────────────────── │ │ 0 dei AmendmentFlag False None 2023-12-30 │ │ 1 dei DocumentFiscalYearFocus 2024 None 2023-12-30 │ │ 2 dei DocumentFiscalPeriodFocus Q1 None 2023-12-30 │ │ 3 dei EntityCentralIndexKey 0000320193 None 2023-12-30 │ │ 4 dei CurrentFiscalYearEndDate --09-28 None 2023-12-30 │ │ ... ... ... ... ... ... │ │ 624 ecd Rule10b51ArrAdoptedFlag True None 2023-12-30 │ │ 625 ecd Rule10b51ArrAdoptedFlag True None 2023-12-30 │ │ 626 ecd NonRule10b51ArrAdoptedFlag False None 2023-12-30 │ │ 627 ecd Rule10b51ArrTrmntdFlag False None 2023-12-30 │ │ 628 ecd NonRule10b51ArrTrmntdFlag False None 2023-12-30 │ │ │ │ Taxonomies │ │ │ │ taxonomy namespace │ │ ─────────────────────────────────────────────────────────── │ │ 0 aapl http://www.apple.com/20231230 │ │ 1 dei http://xbrl.sec.gov/dei/2023 │ │ 2 ecd http://xbrl.sec.gov/ecd/2023 │ │ 3 iso4217 http://www.xbrl.org/2003/iso4217 │ │ 4 lang en-US │ │ 5 link http://www.xbrl.org/2003/linkbase │ │ 6 srt http://fasb.org/srt/2023 │ │ 7 us-gaap http://fasb.org/us-gaap/2023 │ │ 8 xbrldi http://xbrl.org/2006/xbrldi │ │ 9 xlink http://www.w3.org/1999/xlink │ │ 10 xsi http://www.w3.org/2001/XMLSchema-instance │ │ │ ╰─────────────────────────────────────────────────────────────────────────────────────────────────────────────────╯
You can also access the XBRL data as a pandas DataFrame, using the .facts.data attribute:
xbrl.facts.data| namespace | fact | value | units | start_date | end_date | dimensions | period | |
|---|---|---|---|---|---|---|---|---|
| 0 | dei | AmendmentFlag | False | None | 2023-10-01 | 2023-12-30 | None | 2023-10-01 to 2023-12-30 |
| 1 | dei | DocumentFiscalYearFocus | 2024 | None | 2023-10-01 | 2023-12-30 | None | 2023-10-01 to 2023-12-30 |
| 2 | dei | DocumentFiscalPeriodFocus | Q1 | None | 2023-10-01 | 2023-12-30 | None | 2023-10-01 to 2023-12-30 |
| 3 | dei | EntityCentralIndexKey | 0000320193 | None | 2023-10-01 | 2023-12-30 | None | 2023-10-01 to 2023-12-30 |
| 4 | dei | CurrentFiscalYearEndDate | --09-28 | None | 2023-10-01 | 2023-12-30 | None | 2023-10-01 to 2023-12-30 |
| ... | ... | ... | ... | ... | ... | ... | ... | ... |
| 624 | ecd | Rule10b51ArrAdoptedFlag | True | None | 2023-10-01 | 2023-12-30 | {'ecd:IndividualAxis': 'aapl:LucaMaestriMember'} | 2023-10-01 to 2023-12-30 |
| 625 | ecd | Rule10b51ArrAdoptedFlag | True | None | 2023-10-01 | 2023-12-30 | {'ecd:IndividualAxis': 'aapl:KatherineLAdamsMe... | 2023-10-01 to 2023-12-30 |
| 626 | ecd | NonRule10b51ArrAdoptedFlag | False | None | 2023-10-01 | 2023-12-30 | None | 2023-10-01 to 2023-12-30 |
| 627 | ecd | Rule10b51ArrTrmntdFlag | False | None | 2023-10-01 | 2023-12-30 | None | 2023-10-01 to 2023-12-30 |
| 628 | ecd | NonRule10b51ArrTrmntdFlag | False | None | 2023-10-01 | 2023-12-30 | None | 2023-10-01 to 2023-12-30 |
629 rows × 8 columns
If you just wanted to access the latest XBRL data for a company, you can do so directly using the get_facts() method:
apple.get_facts().to_pandas()| namespace | fact | val | accn | end | fy | fp | form | filed | frame | start | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | dei | EntityCommonStockSharesOutstanding | 8.958168e+08 | 0001193125-09-153165 | 2009-06-27 | 2009 | Q3 | 10-Q | 2009-07-22 | CY2009Q2I | None |
| 1 | dei | EntityCommonStockSharesOutstanding | 9.006785e+08 | 0001193125-09-214859 | 2009-10-16 | 2009 | FY | 10-K | 2009-10-27 | None | None |
| 2 | dei | EntityCommonStockSharesOutstanding | 9.006785e+08 | 0001193125-10-012091 | 2009-10-16 | 2009 | FY | 10-K/A | 2010-01-25 | CY2009Q3I | None |
| 3 | dei | EntityCommonStockSharesOutstanding | 9.067946e+08 | 0001193125-10-012085 | 2010-01-15 | 2010 | Q1 | 10-Q | 2010-01-25 | CY2009Q4I | None |
| 4 | dei | EntityCommonStockSharesOutstanding | 9.099384e+08 | 0001193125-10-088957 | 2010-04-09 | 2010 | Q2 | 10-Q | 2010-04-21 | CY2010Q1I | None |
| ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| 22323 | us-gaap | IncrementalCommonSharesAttributableToShareBase... | 6.299500e+07 | 0000320193-24-000006 | 2022-12-31 | 2024 | Q1 | 10-Q | 2024-02-02 | CY2022Q4 | 2022-09-25 |
| 22324 | us-gaap | IncrementalCommonSharesAttributableToShareBase... | 6.831600e+07 | 0000320193-23-000106 | 2023-09-30 | 2023 | FY | 10-K | 2023-11-03 | CY2023 | 2022-09-25 |
| 22325 | us-gaap | IncrementalCommonSharesAttributableToShareBase... | 6.687800e+07 | 0000320193-24-000006 | 2023-12-30 | 2024 | Q1 | 10-Q | 2024-02-02 | CY2023Q4 | 2023-10-01 |
| 22326 | us-gaap | OtherAssetsMiscellaneousNoncurrent | 3.905300e+10 | 0000320193-23-000106 | 2022-09-24 | 2023 | FY | 10-K | 2023-11-03 | CY2022Q3I | None |
| 22327 | us-gaap | OtherAssetsMiscellaneousNoncurrent | 4.690600e+10 | 0000320193-23-000106 | 2023-09-30 | 2023 | FY | 10-K | 2023-11-03 | CY2023Q3I | None |
22328 rows × 11 columns
Working with 8-Ks and press releases
8-K filings are an essential source of up-to-date information about significant corporate events. These documents can contain anything from financial results to news of mergers and acquisitions, making them invaluable for financial analysis. edgartools simplifies the process of accessing these filings and extracting press releases, if available.
Retrieving 8-K Filings
To start, you’ll need to query the Edgar database for 8-K filings for a specific company:
latest_8ks = apple.get_filings(form="8-K")
latest_8ks╭──────────────────────────────────────── Filings for Apple Inc. [320193] ────────────────────────────────────────╮ │ │ │ form filed accession_number xbrl │ │ ────────────────────────────────────────────────────── │ │ 0 8-K 2024-02-28 0001140361-24-010155 ✓ │ │ 1 8-K 2024-02-01 0000320193-24-000005 ✓ │ │ 2 8-K 2023-11-02 0000320193-23-000104 ✓ │ │ 3 8-K 2023-08-03 0000320193-23-000075 ✓ │ │ 4 8-K 2023-05-10 0001140361-23-023909 ✓ │ │ 5 8-K 2023-05-04 0000320193-23-000063 ✓ │ │ 6 8-K 2023-03-10 0001140361-23-011192 ✓ │ │ 7 8-K 2023-02-02 0000320193-23-000005 ✓ │ │ 8 8-K 2022-11-07 0001193125-22-278435 ✓ │ │ 9 8-K 2022-10-27 0000320193-22-000107 ✓ │ │ 10 8-K 2022-08-19 0001193125-22-225365 ✓ │ │ 11 8-K 2022-08-08 0001193125-22-214914 ✓ │ │ 12 8-K 2022-07-28 0000320193-22-000069 ✓ │ │ 13 8-K 2022-04-28 0000320193-22-000058 ✓ │ │ 14 8-K 2022-03-04 0001193125-22-066169 ✓ │ │ 15 8-K 2022-01-27 0000320193-22-000006 ✓ │ │ 16 8-K 2021-11-12 0001193125-21-328151 ✓ │ │ 17 8-K 2021-10-28 0000320193-21-000104 ✓ │ │ 18 8-K 2021-08-05 0001193125-21-237787 ✓ │ │ 19 8-K 2021-07-27 0000320193-21-000063 ✓ │ │ 20 8-K 2021-04-28 0000320193-21-000055 ✓ │ │ 21 8-K 2021-02-24 0001193125-21-054710 ✓ │ │ 22 8-K 2021-02-08 0001193125-21-032394 ✓ │ │ 23 8-K 2021-01-27 0000320193-21-000009 ✓ │ │ 24 8-K 2021-01-05 0001193125-21-001982 ✓ │ │ 25 8-K 2020-10-29 0000320193-20-000094 ✓ │ │ 26 8-K 2020-08-20 0001193125-20-225672 ✓ │ │ 27 8-K 2020-08-07 0001193125-20-213158 ✓ │ │ 28 8-K 2020-07-30 0000320193-20-000060 ✓ │ │ 29 8-K 2020-05-11 0001193125-20-139112 ✓ │ │ 30 8-K 2020-04-30 0000320193-20-000050 ✓ │ │ 31 8-K 2020-02-27 0001193125-20-050884 ✓ │ │ 32 8-K 2020-02-18 0001193125-20-039203 ✓ │ │ 33 8-K 2020-01-28 0000320193-20-000008 ✓ │ │ 34 8-K 2019-11-15 0001193125-19-292676 ✓ │ │ 35 8-K 2019-10-30 0000320193-19-000117 ✓ │ │ 36 8-K 2019-09-13 0000320193-19-000093 ✓ │ │ 37 8-K 2019-09-11 0001193125-19-242975 ✓ │ │ 38 8-K 2019-07-30 0000320193-19-000073 │ │ 39 8-K 2019-04-30 0000320193-19-000063 │ │ 40 8-K 2019-03-04 0000320193-19-000032 │ │ 41 8-K 2019-02-06 0000320193-19-000026 │ │ 42 8-K 2019-01-29 0000320193-19-000007 │ │ 43 8-K 2019-01-02 0000320193-19-000002 │ │ 44 8-K 2018-11-01 0000320193-18-000142 │ │ 45 8-K 2018-07-31 0000320193-18-000098 │ │ 46 8-K 2018-05-07 0001193125-18-154515 │ │ 47 8-K 2018-05-01 0000320193-18-000067 │ │ 48 8-K 2018-02-14 0001193125-18-045761 │ │ 49 8-K 2018-02-01 0000320193-18-000005 │ │ │ │ Showing 50 filings of 210 total │ ╰─────────────────────────────────────────────────────────────────────────────────────────────────────────────────╯
You can then access the content of the latest 8-K filing using the obj() method, which returns an EightK object:
eightk = [x.obj() for x in latest_8ks.latest(10)]Extracting press releases
Not all 8-K filings will include press releases. To filter out the filings that contain press releases, you will need to inspect each filing individually using the has_press_release attribute. Here’s a simplified approach to identify and collect filings with press releases:
eightks = [x for x in eightk if x.has_press_release]len(eightks)7To access the press release content, you can use the press_releases attribute of the EightK object, which is an object of type PressReleases:
pr = eightks[0].press_releases
prDescription Document Type Size ──────────────────────────────────────────────────────────────────── 1 EX-99.1 a8-kex991q1202412302023.htm EX-99.1 137.4 KB
This object contains a list of press releases in the attachments attribute. Most will only have one press release, but some may have multiple attachments:
pr.attachmentsDescription Document Type Size ──────────────────────────────────────────────────────────────────── 1 EX-99.1 a8-kex991q1202412302023.htm EX-99.1 137.4 KB
You can open the press release in a browser to read its content using the open() method:
pr.attachments[0].open()Alternatively, you can access the text content of the attachement directly using the download() method:
text = pr.attachments.get(0).download()In most cases, the press release will be in HTML format embedded into a XML file. To extract the text content from the HTML, you will need to do some extra work using libraries like BeautifulSoup.
print(text)<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a8-kex991q1202412302023.htm
<DESCRIPTION>EX-99.1
<TEXT>
<html><head>
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<title>Document</title></head><body><div id="id9d7b63400cc4428a185fcc5dc6707e0_1"></div><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Exhibit 99.1</font></div><div style="margin-top:6pt"><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:15pt;font-weight:700;line-height:120%">Apple reports first quarter results</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Services revenue reaches new all-time record</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:11pt;font-weight:700;line-height:120%">EPS up 16 percent to new all-time high</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:112%">CUPERTINO, CALIFORNIA — Apple</font><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:5.85pt;font-weight:400;line-height:112%;position:relative;top:-3.15pt;vertical-align:baseline">®</font><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:112%"> today announced financial results for its fiscal 2024 first quarter ended December 30, 2023. The Company posted quarterly revenue of $119.6 billion, up 2 percent year over year, and quarterly earnings per diluted share of $2.18, up 16 percent year over year.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:112%">“Today Apple is reporting revenue growth for the December quarter fueled by iPhone sales, and an all-time revenue record in Services,” said Tim Cook, Apple’s CEO. “We are pleased to announce that our installed base of active devices has now surpassed 2.2 billion, reaching an all-time high across all products and geographic segments. And as customers begin to experience the incredible Apple Vision Pro tomorrow, we are committed as ever to the pursuit of groundbreaking innovation — in line with our values and on behalf of our customers.”</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:112%">“Our December quarter top-line performance combined with margin expansion drove an all-time record EPS of $2.18, up 16 percent from last year,” said Luca Maestri, Apple’s CFO. “During the quarter, we generated nearly $40 billion of operating cash flow, and returned almost $27 billion to our shareholders. We are confident in our future, and continue to make significant investments across our business to support our long-term growth plans.”</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:112%">Apple’s board of directors has declared a cash dividend of $0.24 per share of the Company’s common stock. The dividend is payable on February 15, 2024 to shareholders of record as of the close of business on February 12, 2024.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:112%">Based on the Company’s fiscal calendar, the Company’s fiscal 2024 first quarter had 13 weeks, while the Company’s fiscal 2023 first quarter had 14 weeks.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:112%">Apple will provide live streaming of its Q1 2024 financial results conference call beginning at 2:00 p.m. PT on February 1, 2024 at apple.com/investor/earnings-call. The webcast will be available for replay for approximately two weeks thereafter.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:112%">Apple periodically provides information for investors on its corporate website, apple.com, and its investor relations website, investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders.</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:112%">This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation those about payment of the Company’s quarterly dividend. These statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by the forward-looking statements. Risks and uncertainties include without limitation: effects of global and regional economic conditions, including as a result of government policies, war, terrorism, natural disasters, and public health issues; risks relating to the design, manufacture, introduction, and transition of products and services in highly competitive and rapidly changing markets, including from reliance on third parties for components, technology, manufacturing, applications, and content; risks relating to information technology system failures, network disruptions, and failure to protect, loss of, or unauthorized access to, or release of, data; and effects of unfavorable legal proceedings, government investigations, and complex and changing laws and regulations. More information on these risks and other potential factors that could affect the Company’s business, reputation, results of operations, financial condition, and stock price is included in the Company’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date they are made.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:112%">Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Press Contact:</font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Josh Rosenstock</font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Apple</font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">jrosenstock@apple.com</font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(408) 862-1142</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Investor Relations Contact:</font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Suhasini Chandramouli</font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Apple</font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">suhasini@apple.com</font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(408) 974-3123</font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or email Apple’s Media Helpline at media.help@apple.com.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:8pt;font-weight:400;line-height:120%">© 2024 Apple Inc. All rights reserved. Apple and the Apple logo are trademarks of Apple. Other company and product names may be trademarks of their respective owners.</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><div id="id9d7b63400cc4428a185fcc5dc6707e0_4"></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Apple Inc.</font></div><div style="margin-top:9pt;text-align:center"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:120%">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(In millions, except number of shares, which are reflected in thousands, and per-share amounts)</font></div><div style="margin-top:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.976%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.496%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.498%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 30,<br>2023</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31,<br>2022</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net sales:</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">   Products</font></td><td style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">96,458 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">96,388 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">   Services</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23,117 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20,766 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:18pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total net sales </font><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">119,575 </font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">117,154 </font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cost of sales:</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">   Products</font></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">58,440 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">60,765 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">   Services</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,280 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,057 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total cost of sales</font></td><td colspan="2" style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">64,720 </font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">66,822 </font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 46pt;text-align:left;text-indent:-9pt;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gross margin</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">54,855 </font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">50,332 </font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating expenses:</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Research and development</font></div></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,696 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,709 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Selling, general and administrative</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,786 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,607 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:45pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total operating expenses</font></div></td><td colspan="2" style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14,482 </font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14,316 </font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating income</font></div></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">40,373 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36,016 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other income/(expense), net</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(50)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(393)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income before provision for income taxes</font></div></td><td colspan="2" style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">40,323 </font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">35,623 </font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Provision for income taxes</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,407 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,625 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net income</font></div></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">33,916 </font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">29,998 </font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Earnings per share:</font></div></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Basic</font></div></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.19 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.89 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Diluted</font></div></td><td style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.18 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.88 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Shares used in computing earnings per share:</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Basic</font></div></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,509,763 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,892,723 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Diluted</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,576,641 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,955,718 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> Net sales by reportable segment:</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Americas</font></div></td><td style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">50,430 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">49,278 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Europe</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">30,397 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">27,681 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Greater China</font></div></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20,819 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23,905 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Japan</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,767 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,755 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Rest of Asia Pacific</font></div></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,162 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,535 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:45pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total net sales</font></div></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">119,575 </font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">117,154 </font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> Net sales by category:</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">iPhone</font></div></td><td style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">69,702 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">65,775 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mac</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,780 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,735 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">iPad</font></div></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,023 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,396 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Wearables, Home and Accessories</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11,953 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,482 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Services</font></div></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23,117 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20,766 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:45pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total net sales</font></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">119,575 </font></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">117,154 </font></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="height:40.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><div id="id9d7b63400cc4428a185fcc5dc6707e0_7"></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Apple Inc.</font></div><div style="margin-top:9pt;text-align:center"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:120%">CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(In millions, except number of shares, which are reflected in thousands, and par value)</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.976%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.496%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.498%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 30,<br>2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:8pt;font-weight:700;line-height:100%">September 30,<br>2023</font></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:100%">ASSETS:</font></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Current assets:</font></div></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></div></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">40,760 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">29,965 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Marketable securities</font></div></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">32,340 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">31,590 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Accounts receivable, net</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23,194 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">29,508 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Vendor non-trade receivables</font></div></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">26,908 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">31,477 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Inventories</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,511 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,331 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other current assets</font></div></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,979 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14,695 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:45pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total current assets</font></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">143,692 </font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">143,566 </font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Non-current assets:</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Marketable securities</font></div></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">99,475 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100,544 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Property, plant and equipment, net</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">43,666 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">43,715 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other non-current assets</font></div></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">66,681 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">64,758 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:45pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total non-current assets</font></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">209,822 </font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">209,017 </font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:63pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total assets</font></div></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">353,514 </font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">352,583 </font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="12" style="background-color:#efefef;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:100%">LIABILITIES AND SHAREHOLDERS’ EQUITY:</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Current liabilities:</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Accounts payable</font></div></td><td style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">58,146 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">62,611 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other current liabilities</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">54,611 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">58,829 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Deferred revenue</font></div></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,264 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,061 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Commercial paper</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,998 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,985 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Term debt</font></div></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,954 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,822 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:45pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total current liabilities</font></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">133,973 </font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">145,308 </font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Non-current liabilities:</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Term debt</font></div></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">95,088 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">95,281 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other non-current liabilities</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">50,353 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">49,848 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:45pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total non-current liabilities</font></div></td><td colspan="2" style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">145,441 </font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">145,129 </font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:63pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total liabilities</font></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">279,414 </font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">290,437 </font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Commitments and contingencies</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Shareholders’ equity:</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 15,460,223 and 15,550,061 shares issued and outstanding, respectively</font></div></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">75,236 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">73,812 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Retained earnings/(Accumulated deficit)</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,242 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(214)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Accumulated other comprehensive loss</font></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(9,378)</font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11,452)</font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:45pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total shareholders’ equity</font></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">74,100 </font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">62,146 </font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:63pt;text-indent:-9pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total liabilities and shareholders’ equity</font></div></td><td style="background-color:#efefef;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">353,514 </font></td><td style="background-color:#efefef;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td style="background-color:#efefef;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">352,583 </font></td><td style="background-color:#efefef;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="height:40.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><div id="id9d7b63400cc4428a185fcc5dc6707e0_10"></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Apple Inc.</font></div><div style="margin-top:9pt;text-align:center"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:120%">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(In millions)</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.976%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.496%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.498%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 30,<br>2023</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31,<br>2022</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash, cash equivalents and restricted cash, beginning balances</font></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">30,737 </font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">24,977 </font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating activities:</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net income</font></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">33,916 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">29,998 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjustments to reconcile net income to cash generated by operating activities:</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation and amortization</font></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,848 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,916 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Share-based compensation expense</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,997 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,905 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other</font></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(989)</font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(317)</font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Changes in operating assets and liabilities:</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Accounts receivable, net</font></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,555 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,275 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Vendor non-trade receivables</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,569 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,320 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Inventories</font></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(137)</font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,807)</font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other current and non-current assets</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,457)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4,099)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Accounts payable</font></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4,542)</font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6,075)</font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other current and non-current liabilities</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3,865)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,889 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash generated by operating activities</font></td><td colspan="2" style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">39,895 </font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">34,005 </font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Investing activities:</font></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Purchases of marketable securities</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(9,780)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5,153)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Proceeds from maturities of marketable securities</font></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,046 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,127 </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Proceeds from sales of marketable securities</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,337 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">509 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Payments for acquisition of property, plant and equipment</font></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,392)</font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3,787)</font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(284)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(141)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash generated by/(used in) investing activities</font></td><td colspan="2" style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,927 </font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,445)</font></td><td style="background-color:#efefef;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Financing activities:</font></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Payments for taxes related to net share settlement of equity awards</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,591)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,316)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Payments for dividends and dividend equivalents</font></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3,825)</font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3,768)</font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Repurchases of common stock</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(20,139)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(19,475)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Repayments of term debt</font></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,401)</font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Repayments of commercial paper, net</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3,984)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8,214)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other</font></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(46)</font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="2" style="background-color:#efefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(389)</font></td><td style="background-color:#efefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash used in financing activities</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(30,585)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(35,563)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Increase/(Decrease) in cash, cash equivalents and restricted cash</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11,237 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3,003)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash, cash equivalents and restricted cash, ending balances</font></td><td style="background-color:#efefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">41,974 </font></td><td style="background-color:#efefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td style="background-color:#efefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#efefef;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21,974 </font></td><td style="background-color:#efefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#efefef;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Supplemental cash flow disclosure:</font></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td><td colspan="3" style="background-color:#efefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash paid for income taxes, net</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,255 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:100%">828 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="height:40.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
Scraping Edgar at scale
Using get_filings() to retrieve filings
Large-scale data analysis requires collecting significant amounts of data from Edgar, a task that edgartools facilitates through the get_filings() method. This method allows for broad and targeted scraping activities, enabling researchers to gather extensive datasets for their empirical analyses.Here’s a basic example of how to use it to retrieve all 10-K filings for a specific year and quarter:
from edgar import get_filingsfilings = get_filings(year=2024, quarter=1, form="10-K")
filings╭──────────────────────────────────────────────────── Filings ────────────────────────────────────────────────────╮ │ │ │ form company cik filing_date accession_number │ │ ──────────────────────────────────────────────────────────────────────────────────────────────────────── │ │ 0 10-K 1895 Bancorp of Wisconsin, Inc. /MD/ 1847360 2024-03-29 0000950170-24-038577 │ │ 1 10-K 374Water Inc. 933972 2024-03-29 0001654954-24-003957 │ │ 2 10-K AB Private Credit Investors Corp 1634452 2024-03-29 0001193125-24-081951 │ │ 3 10-K AEMETIS, INC 738214 2024-03-29 0001437749-24-010002 │ │ 4 10-K AEON Biopharma, Inc. 1837607 2024-03-29 0001837607-24-000015 │ │ 5 10-K AMBARELLA INC 1280263 2024-03-29 0000950170-24-038555 │ │ 6 10-K AN2 Therapeutics, Inc. 1880438 2024-03-29 0000950170-24-038681 │ │ 7 10-K ARYA Sciences Acquisition Corp IV 1838821 2024-03-29 0001140361-24-016377 │ │ 8 10-K ASPAC I Acquisition Corp. 1868775 2024-03-29 0001213900-24-027387 │ │ 9 10-K ASPAC II Acquisition Corp. 1876716 2024-03-29 0001213900-24-027570 │ │ 10 10-K ATHENA GOLD CORP 1304409 2024-03-29 0001683168-24-001836 │ │ 11 10-K AUGUSTA GOLD CORP. 1448597 2024-03-29 0001213900-24-027397 │ │ 12 10-K Accelerate Diagnostics, Inc 727207 2024-03-29 0001628280-24-013670 │ │ 13 10-K Achari Ventures Holdings Corp. I 1844507 2024-03-29 0001213900-24-028085 │ │ 14 10-K Actinium Pharmaceuticals, Inc. 1388320 2024-03-29 0001213900-24-028038 │ │ 15 10-K Akari Therapeutics Plc 1541157 2024-03-29 0000950170-24-038661 │ │ 16 10-K AltC Acquisition Corp. 1849056 2024-03-29 0001410578-24-000365 │ │ 17 10-K Altegris Winton Futures Fund, L.P. 1198415 2024-03-29 0001683168-24-001869 │ │ 18 10-K Altisource Asset Management Corp 1555074 2024-03-29 0001555074-24-000013 │ │ 19 10-K Annovis Bio, Inc. 1477845 2024-03-29 0001558370-24-004393 │ │ 20 10-K Atlantic Coastal Acquisition Corp. II 1893219 2024-03-29 0001193125-24-081194 │ │ 21 10-K Avalo Therapeutics, Inc. 1534120 2024-03-29 0001628280-24-013786 │ │ 22 10-K BANK 2017-BNK5 1706303 2024-03-29 0001888524-24-005208 │ │ 23 10-K BANK 2017-BNK8 1718322 2024-03-29 0001888524-24-005184 │ │ 24 10-K BANK 2018-BNK11 1731627 2024-03-29 0001888524-24-005222 │ │ 25 10-K BANK 2018-BNK14 1749973 2024-03-29 0001888524-24-005182 │ │ 26 10-K BANK 2019-BNK17 1769961 2024-03-29 0001888524-24-005225 │ │ 27 10-K BANK 2019-BNK20 1784958 2024-03-29 0001888524-24-005194 │ │ 28 10-K BANK 2019-BNK23 1792414 2024-03-29 0001888524-24-005198 │ │ 29 10-K BANK 2020-BNK26 1803308 2024-03-29 0001888524-24-005318 │ │ 30 10-K BANK 2020-BNK29 1830315 2024-03-29 0001888524-24-005228 │ │ 31 10-K BANK 2021-BNK32 1848411 2024-03-29 0001888524-24-005233 │ │ 32 10-K BANK 2021-BNK35 1872347 2024-03-29 0001888524-24-005323 │ │ 33 10-K BANK 2021-BNK38 1895567 2024-03-29 0001888524-24-005330 │ │ 34 10-K BANK 2022-BNK41 1920442 2024-03-29 0001888524-24-005328 │ │ 35 10-K BANK 2022-BNK44 1950141 2024-03-29 0001888524-24-005332 │ │ 36 10-K BANK5 2023-5YR2 1979748 2024-03-29 0001888524-24-005350 │ │ 37 10-K BENCHMARK 2018-B3 COMMERCIAL MORTGAGE TRUST 1734103 2024-03-29 0000950170-24-038358 │ │ 38 10-K BENCHMARK 2018-B6 MORTGAGE TRUST 1751874 2024-03-29 0000950170-24-038337 │ │ 39 10-K BENCHMARK 2019-B9 MORTGAGE TRUST 1764759 2024-03-29 0000950170-24-038247 │ │ 40 10-K BENCHMARK 2020-B19 MORTGAGE TRUST 1821946 2024-03-29 0000950170-24-038347 │ │ 41 10-K BENCHMARK 2021-B23 MORTGAGE TRUST 1840644 2024-03-29 0000950170-24-038315 │ │ 42 10-K BENCHMARK 2021-B27 MORTGAGE TRUST 1862080 2024-03-29 0000950170-24-038316 │ │ 43 10-K BENCHMARK 2021-B31 MORTGAGE TRUST 1894714 2024-03-29 0000950170-24-038327 │ │ 44 10-K BENCHMARK 2022-B35 MORTGAGE TRUST 1921064 2024-03-29 0001888524-24-005316 │ │ 45 10-K BMO 2022-C1 Mortgage Trust 1903688 2024-03-29 0001888524-24-005311 │ │ 46 10-K BMO 2022-C2 Mortgage Trust 1932997 2024-03-29 0001888524-24-005308 │ │ 47 10-K BMO 2022-C3 Mortgage Trust 1942599 2024-03-29 0001888524-24-005312 │ │ 48 10-K BMO 2023-5C1 Mortgage Trust 1984246 2024-03-29 0001888524-24-005300 │ │ 49 10-K BMO 2023-5C2 Mortgage Trust 1994754 2024-03-29 0001888524-24-005302 │ │ │ │ Showing 50 of 5,149 filings │ ╰─────────────────────────────────────────────────────────────────────────────────────────────────────────────────╯
Handling the SEC API rate limit
The SEC imposes rate limits on its APIs to prevent excessive use that could impact system performance. When scraping Edgar at scale, it’s crucial to be aware of these limits to avoid service interruptions. edgartools is quite good at respecting these limits, but I have found that it does happen that you might get denied access to the API for time to time. This is why it’s important to handle these exceptions gracefully in your code, and to properly log and monitor your scraping activities so that you can revisit any filings that were missed due to rate limiting or other errors.
If you want to make your scraping more robust, you can use tools like tenacity to automatically retry failed requests.
Exploring other form types
While 10-Ks and 10-Qs are among the most commonly analyzed filings, Edgar hosts a variety of form types, each offering unique insights into different aspects of finance research. edgartools provides a simple way to access and parse automatically a wide range of form types. At the time of writing, the library supports the following form types:
| Form | Data Object | Description |
|---|---|---|
| 10-K | TenK |
Annual report |
| 10-Q | TenQ |
Quarterly report |
| 8-K | EightK |
Current report |
| MA-I | MunicipalAdvisorForm |
Municipal advisor initial filing |
| Form 144 | Form144 |
Notice of proposed sale of securities |
| C, C-U, C-AR, C-TR | FormC |
Form C Crowdfunding Offering |
| D | FormD |
Form D Offering |
| 3,4,5 | Ownership |
Ownership reports |
| 13F-HR | ThirteenF |
13F Holdings Report |
| NPORT-P | FundReport |
Fund Report |
| EFFECT | Effect |
Notice of Effectiveness |
| And other filing with XBRL | FilingXbrl |
For example, another commonly analyzed form is the 13F-HR, which discloses institutional holdings of publicly traded companies. Here’s how you can retrieve the latest 13F-HR filing for a company:
filings = get_filings(form="13F-HR")filings╭──────────────────────────────────────────────────── Filings ────────────────────────────────────────────────────╮ │ │ │ form company cik filing_date accession_number │ │ ─────────────────────────────────────────────────────────────────────────────────────────────────────── │ │ 0 13F-HR AGINCOURT CAPITAL MANAGEMENT, LLC 1845254 2024-04-05 0001845254-24-000004 │ │ 1 13F-HR BUTENSKY & COHEN FINANCIAL SECURITY, INC 1632802 2024-04-05 0001214659-24-006203 │ │ 2 13F-HR CHICKASAW CAPITAL MANAGEMENT LLC 1276460 2024-04-05 0001276460-24-000003 │ │ 3 13F-HR CISCO SYSTEMS, INC. 858877 2024-04-05 0000950123-24-003100 │ │ 4 13F-HR CWM, LLC 1535847 2024-04-05 0001580642-24-002001 │ │ 5 13F-HR Canaan Partners IX LLC 1654586 2024-04-05 0000950123-24-003101 │ │ 6 13F-HR Canaan Partners XI LLC 1850694 2024-04-05 0000950123-24-003102 │ │ 7 13F-HR Capital Market Strategies LLC 1810158 2024-04-05 0001810158-24-000002 │ │ 8 13F-HR Carolina Wealth Advisors, LLC 1786411 2024-04-05 0001437749-24-011215 │ │ 9 13F-HR Compass Wealth Management LLC 1965653 2024-04-05 0001965653-24-000003 │ │ 10 13F-HR Davis Capital Management 1811806 2024-04-05 0001811806-24-000002 │ │ 11 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044028 │ │ 12 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044029 │ │ 13 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044030 │ │ 14 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044031 │ │ 15 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044032 │ │ 16 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044033 │ │ 17 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044034 │ │ 18 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044035 │ │ 19 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044036 │ │ 20 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044037 │ │ 21 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044038 │ │ 22 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044039 │ │ 23 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044040 │ │ 24 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044041 │ │ 25 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044043 │ │ 26 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044044 │ │ 27 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044045 │ │ 28 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044046 │ │ 29 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044047 │ │ 30 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044048 │ │ 31 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044049 │ │ 32 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044050 │ │ 33 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044051 │ │ 34 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044052 │ │ 35 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044054 │ │ 36 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044055 │ │ 37 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044056 │ │ 38 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044058 │ │ 39 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044060 │ │ 40 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044061 │ │ 41 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044062 │ │ 42 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044063 │ │ 43 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044064 │ │ 44 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044065 │ │ 45 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044066 │ │ 46 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044067 │ │ 47 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044068 │ │ 48 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044069 │ │ 49 13F-HR E. Ohman J:or Asset Management AB 2009396 2024-04-05 0001104659-24-044070 │ │ │ │ Showing 50 of 251 filings │ ╰─────────────────────────────────────────────────────────────────────────────────────────────────────────────────╯
Again, the process is the same. You get a list of filings, then retreive the actual filing content using the obj() method.
filing = filings[0]report = filing.obj()report╭─────────────── 13F-HR Holding Report for AGINCOURT CAPITAL MANAGEMENT, LLC for period 2024-03-31 ───────────────╮ │ │ │ Report Period Investment Manager Signed By Holdings Value Accession Number Filed │ │ ───────────────────────────────────────────────────────────────────────────────────────────────────────────── │ │ 2024-03-31 AGINCOURT CAPITAL Erika Banks 4 $106,224,110 0001845254-24-00… 2024-04-05 │ │ MANAGEMENT, LLC │ │ │ │ │ │ Issuer Class Cusip Ticker Value Type Shares Voting │ │ ───────────────────────────────────────────────────────────────────────────────────────────────────────────── │ │ 0 VANGUARD INTL EQUITY TT WRLD ST ETF 922042742 VT $57,443,978 Shares 519,855 519,855 │ │ INDEX F │ │ 1 ISHARES TR CORE INTL AGGR 46435G672 IAGG $22,440,537 Shares 449,260 449,260 │ │ 2 ISHARES TR CORE US AGGBD ET 464287226 AGG $15,556,300 Shares 158,835 158,835 │ │ 3 ISHARES TR CRE U S REIT ETF 464288521 USRT $10,783,295 Shares 200,433 200,433 │ │ │ ╰─────────────── 13F-HR Holding Report for AGINCOURT CAPITAL MANAGEMENT, LLC for period 2024-03-31 ───────────────╯
In the case of the 13F-HR, the holdings are stored in an infotable attribute, which is a a pandas DataFrame:
report.has_infotable()Truereport.infotable| Issuer | Class | Cusip | Value | SharesPrnAmount | Type | PutCall | InvestmentDiscretion | SoleVoting | SharedVoting | NonVoting | Ticker | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | ISHARES TR | CORE US AGGBD ET | 464287226 | 15556300 | 158835 | Shares | None | SOLE | 158835 | 0 | 0 | AGG |
| 1 | ISHARES TR | CRE U S REIT ETF | 464288521 | 10783295 | 200433 | Shares | None | SOLE | 200433 | 0 | 0 | USRT |
| 2 | ISHARES TR | CORE INTL AGGR | 46435G672 | 22440537 | 449260 | Shares | None | SOLE | 449260 | 0 | 0 | IAGG |
| 3 | VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 | 57443978 | 519855 | Shares | None | SOLE | 519855 | 0 | 0 | VT |
Final thoughts
The edgartools library is a powerful tool to access and analyze financial data from the SEC’s EDGAR database. Even with the tremendous amount of work that went into creating this library, many bugs and edge cases remain, which highlights the complexity of working with financial data. However, the library is actively maintained and updated, with bug fixes, new features, and improvements being added regularly. Dwight Gunning, the creator and maintainer, is very reponsive to issues and pull requests. Of all the (many) libraries I’ve used, edgartools is by far the best choice for working with SEC Edgar data in Python in my opinion. Note that I have not tried any of the commercial alternatives, so I can’t compare them to edgartools.