A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Consider the Apple Inc. fiscal year 2014 10-K, for example. Apple recorded annual net income of $ billion and net cash flows from operating activities of $ billion. This includes a $ billion adjustment for depreciation and amortization, a $ billion adjustment for share-based compensation expense and $ billion for deferred income tax expense. Changes in operating assets and liabilities include a $ billion cash outflow for accounts receivable, which corresponds to an increase of equal value in the accounts receivable asset on the balance sheet , indicating a net increase in charged sales which have not yet been collected by Apple. Similarly, there is a $ billion cash inflow from accounts payable. This corresponds to an increase in accounts payable liability on the balance sheet, indicating a net increase in expenses charged to Apple that have not yet been paid.