please see attached.
Income_Statement APPLE CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions12 Months Ended12 Months Ended% Change% Change% ChangeMICROSOFT INCOME STATEMENTS - USD ($) shares in Millions, $ in Millions12 Months Ended Sep. 30, 2016Sep. 30, 2017Sep. 29, 2018Sep. 28, 2019Jun. 30, 2016Jun. 30, 2017% ChangeJun. 30, 2018% ChangeJun. 30, 2019% Change Net sales215639 $ 229234 6.30% $ 265595 15.86% $ 260174 -2.04%Revenue84,695 $ 96571 14.02% $ 110360 14.28% $ 125843 14.03% Cost of sales131376 141048 7.36%163756 16.10%161782 -1.21%Cost of revenue32,78034261 4.52%38353 11.94%42910 11.88% Gross margin84263 88186 4.66%101839 15.48%98392 -3.38%Gross margin51,91562310 20.02%72007 15.56%82933 15.17% Operating expenses:Research and development11,98813037 8.75%14726 12.96%16876 14.60% Research and development10045 11581 15.29%14236 22.93%16217 13.92%Sales and marketing14,69715461 5.20%17469 12.99%18213 4.26% Selling, general and administrative14194 15261 7.52%16705 9.46%18245 9.22%General and administrative4,5634481 -1.80%4754 6.09%4885 2.76% Total operating expenses24239 26842 10.74%30941 15.27%34462 11.38%Restructuring1,110306 -72.43%0 -100.00%0 Operating income60024 61344 2.20%70898 15.57%63930 -9.83%Operating income20,18229025 43.82%35058 20.79%42959 22.54% Other income/(expense), net1348 2745 103.64%2005 -26.96%1807 -9.88%Other income, net-431876 -303.25%1416 -95.26%729 -48.52% Income before provision for income taxes61372 64089 4.43%72903 13.75%65737 -9.83%Income before income taxes19,75129901 -77.66%36474 726.70%43688 19.78% Provision for income taxes15685 15738 0.34%13372 -15.03%10481 -21.62%Provision for income taxes2,9534412 763.16%19903 -21.92%4448 -77.65% Net income45687 $ 48351 5.83% $ 59531 23.12% $ 55256 -7.18%Net income16,798 $ 25489 51.74%16,571-34.99% $ 39240 136.80% Earnings per share: $ 9.27 $ 12.01 29.56% $ 11.97 -0.33%Earnings per share: Basic (in dollars per share)8.35 $ 9.21 10.30% $ 11.91 29.32% $ 11.89 -0.17%Basic2.12 $ 3.29 $ 2.15 -34.65% $ 5.11 137.67% Diluted (in dollars per share)8.31Diluted2.10 $ 3.25 $ 2.13 -34.46% $ 5.06 137.56% Shares used in computing earnings per share:5217242 4955377 -5.02%4617834 -6.81%Weighted average shares outstanding: Basic (in shares)5470820 5251692 -4.01%5000109 -4.79%4648913 -7.02%Basic7,925 7700 7673 -0.35% Diluted (in shares)5500281 Diluted8,0137832 7794 -0.49%7753 -0.53% MICROSOFT COMMON SIZED INCOME STATEMENTS - USD ($) shares in Millions, $ in Millions12 Months Ended APPLE Common-Sized Income StatementSep. 30, 2016Sep. 30, 2017Common SizedSep. 29, 2018Common SizedSep. 28, 2019Common SizedJun. 30, 2016Jun. 30, 2017Common SizedJun. 30, 2018Common SizedJun. 30, 2019Commnn Sized Net sales215639 $ 229234 100% $ 265595 100.00% $ 260174 100.00%Revenue84,695 $ 96571 100.00% $ 110360 100.00% $ 125843 100.00% Cost of sales131376 141048 62%163756 61.66%161782 62.18%Cost of revenue32,78034261 35.48%38353 34.75%42910 34.10% Gross margin84263 88186 38%101839 38.34%98392 37.82%Gross margin51,91562310 64.52%72007 65.25%82933 65.90% Operating expenses:Research and development11,98813037 13.50%14726 13.34%16876 13.41% Research and development10045 11581 5%14236 5.36%16217 6.23%Sales and marketing14,69715461 16.01%17469 15.83%18213 14.47% Selling, general and administrative14194 15261 7%16705 6.29%18245 7.01%General and administrative4,5634481 4.64%4754 4.31%4885 3.88% Total operating expenses24239 26842 12%30941 11.65%34462 13.25%Restructuring1,110306 0.32%0 0.00%0 0.00% Operating income60024 61344 27%70898 26.69%63930 24.57%Operating income20,18229025 30.06%35058 31.77%42959 34.14% Other income/(expense), net2745 1%2005 0.75%1807 0.69%Other income, net-431876 0.91%1416 1.28%729 0.58% Income before provision for income taxes1348 64089 28%72903 27.45%65737 25.27%Income before income taxes19,75129901 30.96%36474 33.05%43688 34.72% Provision for income taxes61372 15738 7%13372 5.03%10481 4.03%Provision for income taxes2,9534412 4.57%19903 18.03%4448 3.53% Net income15685 $ 48351 21% $ 59531 22.41% $ 55256 21.24%Net income16,798 $ 25489 26.39% $ 16571 15.02% $ 39240 31.18% Earnings per share:45687Earnings per share: Basic (in dollars per share) $ 9.27 $ 12.01 $ 11.97 Basic $ 3.29 $ 2.15 $ 5.11 Diluted (in dollars per share) $ 9.21 $ 11.91 $ 11.89 Diluted $ 3.25 $ 2.13 $ 5.06 Shares used in computing earnings per share:Weighted average shares outstanding: Basic (in shares)5470820 5217242 4955377 4617834 Basic7746 7700 7673 Diluted (in shares)5500281 5251692 5000109 4648913 Diluted7832 7794 7753 Balance_Sheet APPLE CONSOLIDATED BALANCE SHEETS - USD ($) $ in MillionsSep. 29, 2017Sep. 29, 2018% ChangeSep.. 29, 2019% ChangeMICROSOFT BALANCE SHEETS - USD ($) $ in MillionsJun. 30, 2017Jun. 30, 2018% ChangeJun. 30, 2019% Change Current assets:Current assets: Cash and cash equivalents20,28925,91327.7%48,84488.5%Cash and cash equivalents7,66311,94655.9%11,356-4.9% Marketable securities53,89240,388-25.1%51,71328.0%Short-term investments125,318121,822-2.8%122,4630.5% Accounts receivable, net17,87423,18629.7%22,926-1.1%Total cash, cash equivalents, and short-term investments132,981133,7680.6%133,8190.0% Inventories4,8553,956-18.5%4,1063.8%Accounts receivable, net of allowance for doubtful accounts of $411 and $37722,43126,48118.1%29,52411.5% Vendor non-trade receivables17,79925,80945.0%22,878-11.4%Inventories2,1812,66222.1%2,063-22.5% Other current assets13,93612,087-13.3%12,3522.2%Other5,1036,75132.3%10,14650.3% Total current assets128,645131,3392.1%162,81924.0%Total current assets162,696169,6624.3%175,5523.5% Non-current assets:Non-current assets: Long-Term Marketable Securities194,714170,799-12.3%105,341-38.3%Property and equipment, net of accumulated depreciation of $24,179 $35,330 and $29,22323,73429,46024.1%36,47723.8% Property, plant and equipment, net33,78341,30422.3%37,378-9.5%Operating lease right-of-use assets6,5556,6862.0%7,37910.4% Other non-current assets18,17722,28322.6%32,97848.0%Equity investments6,0231,862-69.1%2,64942.3% Total non-current assets246,674234,386-5.0%175,697-25.0%Goodwill35,12235,6831.6%42,02617.8% Total Assets375,319365,725-2.6%338,516-7.4%Intangible assets, net10,1068,053-20.3%7,750-3.8% Other long-term assets6,0767,44222.5%14,72397.8% Total Assets250,312258,8483.4%286,55610.7% Current liabilities:Current liabilities: Accounts payable49,04955,88813.9%46,236-17.3%Accounts payable7,3908,61716.6%9,3828.9% Short-Term Debt9,072 Other current liabilities25,74433,32729.5%37,72013.2%Current portion of long-term debt1,0493,998281.1%5,51638.0% Deferred revenue7,5485,966-21.0%5,522-7.4%Accrued compensation5,8196,1034.9%6,83011.9% Commercial paper11,97711,964-0.1%5,980-50.0%Short-term income taxes7182,121195.4%5,665167.1% Current portion of long-term debt6,4968,78435.2%10,26016.8%Short-term unearned revenue24,01328,90520.4%32,67613.0% Total current liabilities100,814115,92915.0%105,718-8.8%Other7,6848,74413.8%9,3516.9% Total current liabilities55,74558,4884.9%69,42018.7% Long-term debt97,20793,735-3.6%91,807-2.1%ERROR:#DIV/0! Other non-current liabilities40,41548,91421.0%50,5033.2%Long-term debt76,07372,242-5.0%66,662-7.7% Total non-current liabilities137,622142,6493.7%142,310-0.2%Long-term income taxes13,48530,265124.4%29,612-2.2% Total liabilities241,272258,5787.2%248,028-4.1%Long-term unearned revenue2,6433,81544.3%4,53018.7% Commitments and contingenciesDeferred income taxes5,734541-90.6%233-56.9% Operating lease liabilities5,3725,5683.6%6,18811.1% Other long-term liabilities3,5495,21146.8%7,58145.5% Total liabilities162,601176,1308.3%184,2264.6% Commitments and contingencies Shareholders’ equity:Stockholders’ equity: Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 4,443,236 and 4,754,986 shares issued and outstanding, respectively35,86740201 12.1%45,17412.4%Common stock and paid-in capital – shares authorized 24,000; outstanding 7,643 and 7,67769,31571,2232.8%78,52010.2% Retained earnings98,33070400 -28.4%45,898-34.8%Retained earnings17,76913,682-23.0%24,15076.5% Accumulated other comprehensive income/(loss)-150(3454)2202.7%-584-83.1%Accumulated other comprehensive loss627-2,187-448.8%-340-84.5% Total shareholders’ equity134,047107147 -20.1%90,488-15.5%Total stockholders’ equity87,71182,718-5.7%102,33023.7% Total liabilities and shareholders’ equity375,319 $ 365725 -2.6%338,516-7.4%Total liabilities and stockholders' equity250,312258,8483.4%286,55610.7% APPLE CONSOLIDATED BALANCE SHEETS - USD ($) $ in MillionsSep. 29, 2017Sep. 29, 2018% of Total AssetsSep. 28, 2019% of Total AssetsMICROSOFT BALANCE SHEETS - USD ($) $ in MillionsJun. 30, 2017Jun. 30, 2018% of Total AssetsJun. 30, 2019% of Total Assets Current assets:Current assets: Cash and cash equivalents20,28925,9137.1%48,84414.4%Cash and cash equivalents7,66311,9464.6%11,3564.0% Marketable securities53,89240,38811.0%51,71315.3%Short-term investments125,318121,82247.1%122,46342.7% Accounts receivable, net17,87423,1866.3%22,9266.8%Total cash, cash equivalents, and short-term investments132,981133,76851.7%133,81946.7% Inventories4,8553,9561.1%4,1061.2%Accounts receivable, net of allowance for doubtful accounts of $411 and $37722,43126,48110.2%29,52410.3% Vendor non-trade receivables17,79925,8097.1%22,8786.8%Inventories2,1812,6621.0%2,0630.7% Other current assets13,93612,0873.3%12,3523.6%Other5,1036,7512.6%10,1463.5% Total current assets128,645131,33935.9%162,81948.1%Total current assets162,696169,66265.5%175,55261.3% Non-current assets:Non-current assets: Long-Term Marketable Securities194,714170,79946.7%105,34131.1%Property and equipment, net of accumulated depreciation of $24,179 $35,330 and $29,22323,73429,46011.4%36,47712.7% Property, plant and equipment, net33,78341,30411.3%37,37811.0%Operating lease right-of-use assets6,5556,6862.6%7,3792.6% Other non-current assets18,17722,2836.1%32,9789.7%Equity investments6,0231,8620.7%2,6490.9% Total non-current assets246,674234,38664.1%175,69751.9%Goodwill35,12235,68313.8%42,02614.7% Total Assets375,319365,725100.0%338,516100.0%Intangible assets, net10,1068,0533.1%7,7502.7% Other long-term assets6,0767,4422.9%14,7235.1% Total Assets250,312258,848100.0%286,556100.0% Current liabilities:Current liabilities: Accounts payable49,04955,88815.3%46,23613.7%Accounts payable7,3908,6173.3%9,3823.3% Short-Term Debt9,072 Other current liabilities25,74433,3279.1%37,72011.1%Current portion of long-term debt1,0493,9981.5%5,5161.9% Deferred revenue7,5485,9661.6%5,5221.6%Accrued compensation5,8196,1032.4%6,8302.4% Commercial paper11,97711,9643.3%5,9801.8%Short-term income taxes7182,1210.8%5,6652.0% Current portion of long-term debt6,4968,7842.4%10,2603.0%Short-term unearned revenue24,01328,90511.2%32,67611.4% Total current liabilities100,814115,92931.7%105,71831.2%Other7,6848,7443.4%9,3513.3% Total current liabilities55,74558,48822.6%69,42024.2% Long-term debt97,20793,73525.6%91,80727.1% Other non-current liabilities40,41548,91413.4%50,50314.9%Long-term debt76,07372,24227.9%66,66223.3% Total non-current liabilities137,622142,64939.0%142,31042.0%Long-term income taxes13,48530,26511.7%29,61210.3% Total liabilities241,272258,57870.7%248,02873.3%Long-term unearned revenue2,6433,8151.5%4,5301.6% Commitments and contingenciesDeferred income taxes5,7345410.2%2330.1% Operating lease liabilities5,3725,5682.2%6,1882.2% Other long-term liabilities3,5495,2112.0%7,5812.6% Total liabilities162,601176,13068.0%184,22664.3% Commitments and contingencies Shareholders’ equity:Stockholders’ equity: Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 4,443,236 and 4,754,986 shares issued and outstanding, respectively35,86740201 45,17413.3%Common stock and paid-in capital – shares authorized 24,000; outstanding 7,643 and 7,67769,31571,22327.5%78,52027.4% Retained earnings98,33070400 19.2%45,89813.6%Retained earnings17,76913,6825.3%24,1508.4% Accumulated other comprehensive income/(loss)-150(3454)-0.9%-584-0.2%Accumulated other comprehensive loss627-2,187-0.8%-340-0.1% Total shareholders’ equity134,047107147 29.3%90,48826.7%Total stockholders’ equity87,71182,71832.0%102,33035.7% Total liabilities and shareholders’ equity375,319 $ 365725 100.0%338,516100.0%Total liabilities and stockholders' equity250,312258,848100.0%286,556100.0% Cash_Flow APPLE CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions12 Months EndedMICROSOFT CASH FLOWS STATEMENTS - USD ($) $ in Millions12 Months Ended Sep. 30, 2017Sep