Rwp – #6 – EPS

This is your sixth Real World Assignment. Using the Apple & Alphabet FY 2023 10-Ks that you used for previous RWPs, answer the following questions:NOTE: Some answers are numerical, fill-in the blanks. Please adjust all answers for the units (e.g., 11 million or 11,000 thousand should be entered as 11,000,000), if required. 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 “Consolidated Statements of Operations” for Apple Inc.

What amount did Apple report as its Basic EPS for FYE September 30, 2023 (do not include dollar signs in your answer)?

Question 2:Refer to the “Consolidated Statements of Operations” for Apple Inc.

What amount did Apple report as its DilutedEPS for FYE September 30, 2023 (do not include dollar signs in your answer)?

Question 3:Refer to the “Consolidated Statements of Operations” for Apple Inc.

What amount did Apple report as the weighted average shares outstanding to calculate Basic EPS for FYE September 30, 2023 (remember to adjust this number for the units)?

NOTE: Take a look at the text in parenthesis, below the title. What units are shares in?

Questions 4:Refer to the “Consolidated Statements of Operations” for Apple Inc.

What amount did Apple report as the weighted average shares outstanding to calculate Diluted EPS for FYE September 30, 2023 (remember to adjust this number for the units)?

NOTE: Take a look at the text in parenthesis, below the title. What units are shares in?

Question 5:Refer to the “Consolidated Statements of Income” for Alphabet Inc.

What amount did Alphabet report as the Basic EPS for its Class A, B & C stock at FYE December 31, 2023 (do not include dollar signs in your answer)?

Question 6:Refer to the “Consolidated Statements of Income” for Alphabet Inc.

What amount did Alphabet report as the Diluted EPS for its Class A, B & C stock at FYE December 31, 2023 (do not include dollar signs in your answer)?

Question 7:Refer to Note 12. Net Income Per Share for Alphabet Inc.

What amount did Alphabet report as the weighted average shares outstanding to calculate Class A Diluted EPS for 2023 (remember to adjust this number for the units, and ensure that you look at the dates for each table)?

Question 8:Refer to Note 12. Net Income Per Share for Alphabet Inc.

What line item caused an adjustment to net income in the calculation of the Year-Ended December 31, 2023 Class A Diluted EPS?

A. Rellocation of undistributed earnings

B. Conversion of Class B to Class A common shares outstanding

C. Restricted stock units and other contingently issuable shares

D. No adjustment to the numerator was made

Question 9:Refer to Note 12. Net Income Per Share for Alphabet Inc.

What is the difference in the calculation of DILUTED EPS for Class A and Class B stock?

A. No differences in the calculation of DEPS for Class A and Class B stock exists.

B. DEPS for Class B includes the conversion of Class A shares, while DEPS for Class A shares does not assume conversion

C. DEPS for Class A includes the conversion of Class B shares, while DEPS for Class B shares does not assume conversion