Dr. Diane Hamilton's Blog

A Revolution in Hiring and Working with Eva Andres of Juniper Networks

Apple and Other Top 10 Company Financial Statements

 

With all of the reports about the successes and failures of IPOs in 2012, there may be renewed interest in deciphering financial reports.  The follow are explanations of the four major financial statements.

  1. Income Statement:  One of the most important reports for a company is their Income Statement.  This may be referred to as the Statement of Income or the Profit and Loss Statement. This report shows profits and losses over a specific period of time.
  2. Balance Sheet:  The balance sheet is also referred to as the Statement of Financial Position. The balance sheet displays a company’s position at a single moment in time.
  3. Cash Flow Statement:  This may also be referred to as the Statement of Cash Flows. The Cash Flow Statement shows information about how money flows in and out of a business.  This may be helpful in determining the viability of a company.
  4. Statement of Retained Earnings:  This may also be referred to as e Statement of Changes in Equity.  This statement explains the company’s retained earnings over a period of time.  This will be reported under shareholder’s equity on the balance sheet.

The following are examples of the top 10 company financial statements:

Income Statements:

Balance Sheets:

Cash Flow Statements:

Related Articles: 

 

Researching Apple: Top 10 Most Useful Links

 

The following list was created to put all of the most useful information about Apple in one easy to find location:

  1. When Was Apple Incorporated?  “Apple was incorporated in the state of California on January 3, 1977.”
  2. When Apple Went IPO:  Apple’s initial public offering was on December 12, 1980 at $22 per share. “The stock has split three times since the IPO so on a split-adjusted basis the IPO share price was $2.75.”
  3. Apple’s Mission Statement:   Apple is committed to bringing the best personal computing experience to students, educators, creative professionals and consumers around the world through its innovative hardware, software and Internet offerings.  The Apple website officially lists their mission statement as:  “Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork, and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple reinvented the mobile phone with its revolutionary iPhone and App Store, and has recently introduced its magical iPad which is defining the future of mobile media and computing devices.”
  4. How to Find Up to the Minute Price on Apple Stock:  Apple’s ticker symbol is AAPL – click here for 20 minute delayed price.
  5. The First Apple Logo Featured Isaac Newton Newton was sitting under a tree with an apple about to fall on his head.
  6. The Name iPod Came From 2001: A Space Odyssey “As soon as I saw the white iPod, I thought 2001,” Chieco told Wired in 2006. “Open the pod bay door, Hal! Then it was just a matter of adding the ‘i’ prefix, as in ‘iMac.'”
  7. Apple Lists Detailed Information About their Environmental Footprint:  The Apple site lists their total footprint including information from manufacturing, transportation, product use, recycling and facilities.
  8. Apple’s Annual Report:   “Apple does not produce a glossy annual report. Apple’s Form 10-K is available on our website. If you require a hard copy, go to the Request Information form and select the Form 10-K.”
  9. Apple’s Dividend History:  Find Apple dividend and stock split information.  Apple has had three 2- for-1 stock splits in 1987, 2000 and 2005.
  10. Apple Press Releases: This link includes all press releases, including Steve Jobs’ Retirement Letter to the Apple Board of Directors.

Related Articles

The Future of Apple and Facebook: What Happens When Genius Leaders Pass the Torch?

via allnewsmac.com

With the recent absence of Steve Jobs, there is a lot of discussion about the future of Apple should he leave the company.  There have been examples of problems with successful companies when their founders or leaders step down. 

A classic example is the problem that Starbucks faced when Howard Schultz left.  As Starbucks became seen as too generic, he came back to rescue to the company. 

Do leaders like Jobs, Gates and others have a cult-like status?  According to Newsweek, “Michael Dell has cautioned about the importance of the founder not creating a religion around himself or herself—and he takes practical steps to avoid that. Dell says he works to make other stars visible with an institutionalized review process that exposes up-and-comers to the board of directors.”

Can companies like Facebook live without Zuckerberg?  Some companies have managed to survive without their visionary leaders and some have not fared as well. Some examples of the impact of leaders leaving include:

McDonald’s – Ray Kroc empowered his franchisees to be successful.

Disney – Walt Disney didn’t do as good of a job finding a successor. After two decades, the company did recover.

Walmart – Sam Walton  and his ideas have made Walmart still a dominating force today.

Visionaries have created some highly successful companies.  The key may be to have replacement leaders that are visionaries in their own right.  They will never be the founders but they may offer their own unique spin.

For now, the Jobs and Zuckerbergs of the world are showing us that there are shining star examples for people to emulate.  According to Newsweek, “we must realize that founders are not like the rest of us. We are so much better off with these creative brains than without them. After all, Sigmund Freud observed that society is changed by its discontents—the iconoclasts who challenge the status quo. They are more narrowly focused than many of us on an entrepreneurial dream, they have talents most of us lack, and they make superhuman sacrifices that benefit us all.”

What is the Status on Apple’s iAd?

MOBILE

Getty Images

Apple Chief Executive Steve Jobs unveiled plans for the iAd service during a product event in April.

image via online.wsj.com
 

This summer Apple introduced iAd, its mobile advertising network for use with iPhone and iTouch.   Since I teach a lot of marketing courses, I was curious to see if this has been successful.  WJS.com reported that the service has gotten big brands interested in these ads.  

Some are complaining about the ad rates being high, with Apple requiring a minimum of $1 million in advertising commitments.  Although the service is only currently available on iPhone and iTouch, they will be making it available to iPad soon.

Curiosity Strategies: Overcoming Environment

Your Curiosity Strategies:

 

There are nine sub-factors under this main category of environment.  After taking the Curiosity Code Index, it is important to look at the things we can do to overcome how our environment impacts us.

 

Lack Of Time To Answer Questions: Many people came from when we heard things like curiosity killed the cat or we should mind our own business. Cultures have changed, and so has our view of curiosity. Educators might have come from when they were told that kids should be seen but not heard or something equally limiting. We can’t go back and change our educators, but we can recognize their impact on our willingness to ask questions.

 

Teaching To Tests: Even if our teachers didn’t discourage us from asking questions, they might not have had the time to answer them if they were under pressure to teach specific things or focus on teaching content to allow children to pass tests. There is only so much time in a day. This might have inadvertently caused us not to explore areas that interested us as children. Think about some of the jobs you thought you wanted when you ‘grew up,’ or some of the topics you might have liked to have known more about in school. Research some of those areas and see if they still create a spark.

 

Limited Options: Most schools have a set number of courses or a predetermined curriculum. Some schools might have had time to teach one language and not any others. Consider the limitations of the schools at which you attended. An example might be if the language the school taught didn’t interest you. Was there another that might have?

Perhaps your traveling has sparked an interest in a culture you never explored in the past. Consider some of the options you might not have otherwise considered.

 

Pressure For Information: Sometimes, leaders can have a very narrow focus in work situations, and they only come to people for specific information. That might cause people to avoid a broader worldview or an expanded view of things. Perhaps we have learned how to lead-based on working for someone like that. Consider the potential opportunities that a leader missed by being close to them.

 

Past Bad Work Experience: Sometimes, companies ask for suggestions and then do nothing with them because they don’t have the means, people, human capital, etc. That doesn’t mean the ideas were not worthwhile. Sometimes it is helpful to ask about and follow up on suggestions. Why weren’t they generous? What could be done to make them more valuable? Asking questions can also remind people who might have overlooked them.

 

Potential For More Work: People might resist giving suggestions if it means they must do more work, even if they receive more pay. People can often get comfortable doing the bare minimum. However, that can get very tiresome if there is no growth. Ideas that create more work often generate more opportunities for advancement and financial rewards.

 

Easier To Do What Others Do: Families can inadvertently put a lot of pressure on 

people. For example, sometimes there are expectations that we will have specific jobs because our family always did that job. Or the family might be competitive and make fun of ideas that are unlike their own. It might be beneficial to consider what you would like to do but haven’t done because those things were not part of the family culture.

 

Want To Be Liked: Sometimes, we don’t like to upset the applecart by suggesting doing things that a group or other individuals with whom we interact would find interesting. Sometimes it is easier to do what others like to do rather than talk someone else into what we want. Sometimes it is good to find people who share our interests. But, it is also good to be sure that we don’t inadvertently shut down other people’s ideas and make them feel like they should go along with the groupthink mentality.

 

Might Impact Relationships: Conflict is inevitable in close relationships. If we constantly do things that other people want to do at the expense of what we want to do, we could end up feeling resentment. The key is to communicate our likes and dislikes appropriately and respectfully and come to mutual agreements.