X hits on this document

156 views

0 shares

0 downloads

0 comments

20 / 78

Summary information by operating segment for the three- and six-month periods ended March 26, 2011 and March 27, 2010 is as follows (in millions):

Americas: Net sales Operating income

March 26,

March 27,

March 26,

March 27,

2011

2010

2011

2010

Three Months Ended

Six Months Ended

$ 9,323 $ 3,755

$ 4 , 9 9 3

$

1,674

$ 1 8 , 5 4 1 $ 6,654

$11,085

$

3,485

Europe: Net sales Operating income

$

13,283

$

5,307

$

4,050

$

1,661

$

9,074

$

3,826

$ 6,027 $ 2,551

Japan: Net sales Operating income

$

2,816

$

1,261

$

1,383

$

887

$

689

$

441

$

1,670

$

795

Asia-Pacific: Net sales Operating income

Retail: Net sales Operating income

$

1,683

$

373

$

1,886

$

892

$ 4,743 $ 2,045

$

3,191

$

807

$

9,730

$

4,087

$

7,038

$

1,837

$

3,699

$

1,712

$

3,654

$

854

A reconciliation of the Company’s six-month periods ended March 26,

segment operating income to the condensed consolidated 2011 and March 27, 2010 is as follows (in millions):

financial statements for

the three- and

March 26,

March 27,

March 26,

March 27,

2011

2010

2011

2010

$ 9,847

$ 5,041

$19,146

$10,672

(287)

(231)

(586)

(436)

(1,686)

(831)

(2,859)

(1,532)

$ 7,874

$ 3,979

$15,701

$ 8,704

Segment operating income Stock-based compensation expense Other corporate expenses, net (a)

Total operating income

Three Months Ended

Six Months Ended

(a)

Other corporate expenses include research and development, corporate marketing expenses, manufacturing costs and variances not included in standard costs, and other separately managed general and administrative expenses, including certain corporate expenses associated with support of the Retail segment.

Note 8 – Related Party Transactions and Certain Other Transactions

The Company entered into a Reimbursement Agreement with its CEO, Steve Jobs, for the reimbursement of expenses incurred by Mr. Jobs in the operation of his private plane when used for Apple business. The Company did not recognize any expenses pursuant to the Reimbursement Agreement during the three months ended March 26, 2011 and recognized a total of $15,000 in expenses pursuant to the Reimbursement Agreement during the six-month period ended March 26, 2011. The Company recognized a total of $127,000 and $143,000 in expenses pursuant to the Reimbursement Agreement during the three- and six-month periods ended March 27, 2010, respectively. All expenses recognized pursuant to the Reimbursement Agreement have been included in selling, general and administrative expenses in the Condensed Consolidated Statements of Operations.

20

Document info
Document views156
Page views156
Page last viewedSat Dec 03 15:47:27 UTC 2016
Pages78
Paragraphs2205
Words41504

Comments