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Analysis Apple Company

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Statements of Cash flows
The beginning of 2014, cash and cash equivalent is 14.26 billion, and at the end of the year, cash and cash equivalent is 13.84 billion. The net decrease cash is 415 million. Compare with last two years, in 2013 the cash increase about 3.5 billion and in 2012 the net cash increase about 931 million. As the show of figure 3.1, the main reason is that the cash used in financing activities have a substantial increase.
During 2014, cash generated from operating activities of 59.7 billion was a result of 39.5 billion of net income, non-cash adjustments to net income of 13.2 billion and an increase in net change in operating assets and liabilities for 7 billion. Cash used in investing activities of 22.6 billion was result of cash used for purchases of marketable securities and net of sales and maturities for 9 billion, cash used to acquire property, plant and equipment for 9.6 billion, and cash paid for business acquisitions, net of cash acquired for 3.8 billion. Cash used in financing activities of 37.5 billion consisted primarily of cash used to repurchase common stock of 45.0 billion and cash used to pay dividends and dividend equivalents of 11.1 billion, partially offset by net proceeds from the issuance of long-term debt for 12.0 billion and commercial paper for 6.3 billion.
In 2014, the Apple Inc. use their huge cash flow to spend 45 billion to repurchase of their common stock. It takes up a lot of cash expenditures and it also make their Stock prices rose more than 43% in the whole year. Currently, the Apple Inc. is the world's largest company by market capitalization, has reached 758.7 billion.

Ratio Analysis
Liquidity and Efficiency a. Working capital and current ratio: (in million) | sep 27, 2014 | sep 28, 2013 | current assets | 68,531 | 73,286 | current liabilities | 63,448 | 43,658 | working capital | 5,083 | 29,628

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