Refer to the most recent 10-Ks (Year Ended in 2023) for Apple Inc. and Alphabet Inc.
NOTE: Some answers are numerical, fill-in the blanks. Please adjust all answers for the units, and include the ‘,’ separators (e.g., 11 million or 11,000 thousand should be entered as 11,000,000), if required.
Instructions for navigating the SEC website.
https://www.sec.gov/
1 – The SEC uses a database called EDGAR to store company data (Electronic Data Gathering, Analysis, and Retrieval system). To use this database, click on “COMPANY FILINGS” on the upper right corner of the website (below the search box).
2 – Search initially by the company name “Apple Inc” and “Alphabet Inc”. Do not include the “.” in the search. Some companies may not use the “.” in their name, and you will not be able to find them (i.e., Apple Inc).
3 – If you search only by the first part of the name (“Apple” or “Alphabet”) you will get a number of different filings. You should double check the CIK (Central Index Key) before you pull the incorrect filing. The CIK for Apple is 0000320193. The CIK for Alphabet is 0001652044. You can also search by CIK, but since most people don’t know the CIK off hand, you should first attempt to use the name.
4 – The filing date and the year ended are not the same! The filing date will be 1-3 months after the year end.
Question #1
Refer to the most recent 10-K (Fiscal Year Ended 2023) for Apple Inc.
The Consolidated Balance Sheets identifies the following items related to Common Stock: Par Value, Shares Authorized, and Shares Issued and Outstanding.
The par value of Apple’s Common Stock is:
Question #2
Refer to the most recent 10-K (Fiscal Year Ended 2023) for Apple Inc.
The Consolidated Balance Sheets identifies the following items related to Common Stock: Par Value, Shares Authorized, and Shares Issued and Outstanding.
The number of shares authorized for Apple’s Common Stock is (remember to look at the top, to see the number of units related to the number of shares):
Question #3
Refer to the most recent 10-K (Fiscal Year Ended 2023) for Apple Inc.
The Consolidated Balance Sheets identifies the following items related to Common Stock: Par Value, Shares Authorized, and Shares Issued and Outstanding.
The number of shares issued and outstanding for Apple’s Common Stock is (remember to look at the top, to see the number of units related to the number of shares):
Question #4
Refer to the most recent 10-K (Fiscal Year Ended 2023) for Apple Inc.
The Consolidated Statements of Cash Flows identifies the Cash Flows related to Financing Activities. One item is listed as “Repurchase of common stock.”
What was the cash outflow related to the repurchase of common stock (remember to look at the top of the statement to adjust your numbers for the units):
Question #5
Refer to the most recent 10-K (Fiscal Year Ended 2023) for Apple Inc.
The Consolidated Statements of Cash Flows identifies the Cash Flows related to Financing Activities. One item is the “Payments for dividends and dividend equivalents.”
What was the cash outflow related to the payment of dividends (remember to look at the top of the statement to adjust your numbers for the units)?
Question #6
Refer to the most recent 10-K (Fiscal Year Ended 2023) for Alphabet Inc.
The Consolidated Balance Sheets identifies the following items related to Common Stock: Par Value, Shares Authorized, and Shares Issued and Outstanding.
The par value of Alphabet Common Stock (Class A) is:
Question #7
Refer to the most recent 10-K (Fiscal Year Ended 2023) for Alphabet Inc.
The Consolidated Statements of Stockholders’ Equity identifies a number of items related to the stock of Alphabet Inc.
What was the ending balance of Shares Outstanding at fiscal year end Dec 31, 2023 (remember to look at the top, to see the number of units related to the number of shares. Also note the titles of the columns. One is for dollar value, and the other is for the number of shares.):
NOTE: This amount includes the ending value of Class A, Class B, Class C Stock and Additional Paid-In Capital.
Question #8
Refer to the most recent 10-K (Fiscal Year Ended 2023) for Alphabet Inc.
The Consolidated Statements of Stockholders’ Equity identifies a number of items related to the stock of Alphabet Inc.
What was the value of Shares Outstanding at fiscal year end Dec 31, 2023 (remember to look at the top, to see the number of units related to the number of shares. Also note the titles of the columns. One is for dollar value, and the other is for the number of shares.):
NOTE: This amount includes the ending value of Class A, Class B, Class C Stock and Additional Paid-In Capital.
Question #9
Refer to the most recent 10-K (Fiscal Year Ended 2023) for Alphabet Inc.
In the Statement of Cash Flows, for the Year Ended December 31, 2023 of Alphabet Inc.
What was the dollar amount reported for the repurchases of Capital Stock? (Remember to check your units)
Question #10
Refer to “Note 11. Stockholders’ Equity.”
For the year ended December 31, 2023, what stock class did the repurchases identified in the prior question relate to?
A. Class A Stock
B. Class B Stock
C. Class C Stock
D. A mix of each stock class
E. Class A & Class C Stock
F. Class A & Class B Stock
G. Class B & Class C Stock