Apple's 2012 Annual Report: More Employees, More Office Space, More Sales

MacRumors · Oct 31, 2012, 05:15 PM

Apple today filed its 2012 annual report with the U.S. Securities and Exchange Commission, and the document reveals a few interesting tidbits of information:

- Apple now has 72,800 "full-time equivalent" employees, up from 60,400 last year. The company also went from employing 2,900 "full-time equivalent" temporary employees and contractors to 3,300. 42,400 "full-time equivalent" employees are in the retail division, up from 36,000 last year.

- Apple went from 357 stores at the end of fiscal 2011 to 390 stores at the end of fiscal 2012, up 33 from the year prior. Apple earned an average of $51.5 million per store, up from $43.3 million last year. The average number of "full-time equivalent" employees per store grew from 100.8 to 108.7. Apple expects to open 30-35 new stores in 2013, with 75% of those located outside the US.

Quote:

The Company's headquarters are located in Cupertino, California. As of September 29, 2012, the Company owned or leased approximately 17.3 million square feet of building space, primarily in the U.S., and to a lesser extent, in Europe, Japan, Canada, and the Asia-Pacific regions. Of that amount approximately 10.9 million square feet was leased building space, which includes approximately 4.1 million square feet related to retail store space. Of the Company's owned building space, approximately 2.6 million square feet that is located in Cupertino, California will be demolished to build a second corporate campus. Additionally, the Company owns a total of 1,077 acres of land in various locations.

As of September 29, 2012, the Company owned a manufacturing facility in Cork, Ireland that also housed a customer support call center and facilities in Elk Grove, California that included warehousing and distribution operations and a customer support call center. The Company also owned land in Austin, Texas where it will build office space and a customer support call center. In addition, the Company owned facilities for research and development and corporate functions in Cupertino, California, including land for the future development of the Company's second corporate campus. The Company also owned data centers in Newark, California; Maiden, North Carolina; and Prineville, Oregon. Outside the U.S., the Company owned additional facilities for various purposes.

- As this document is designed mainly for prospective and current investors in the company, Apple also lists a number of risk factors that could affect investments in the company. These include "[Apple] could be found to have infringed on intellectual property rights", the ability to "successfully manage frequent product introductions and transitions", "the Company's ability to obtain components in sufficient quantities", and numerous more.

- Unlike last year, when Apple said it had no plans to pay a dividend, the company now "expects to pay quarterly dividends in the future."

The document is thick with financial information, including breakdowns of all sorts related to how the company makes money, invests its money, and pays taxes, among other things.

Article Link: Apple's 2012 Annual Report: More Employees, More Office Space, More Sales

JDee · Oct 31, 2012, 05:16 PM

Quote:

Apple now has 42,800 "full-time equivalent" employees, up from 60,400 last year.

Nice proof-reading.

nuckinfutz · Oct 31, 2012, 05:17 PM

That's a lot of Jobs. The overseas manufacturing can be looked past considering how many people are putting food on the table because of Apple products.

PS65 · Oct 31, 2012, 05:17 PM

Quote:

Originally Posted by JDee

Nice proof-reading.

You're reading it wrong ;-)

jlgolson · Oct 31, 2012, 05:17 PM

Quote:

Originally Posted by JDee

Nice proof-reading.

A typo. Thanks for picking it out, fixed.

the8thark · Oct 31, 2012, 05:17 PM

Quote:

Originally Posted by jlgolson

A typo. Thanks for picking it out, fixed.

Oh wow a mistake being fixed here. That's a first (in my time of being here). Hope it's kept up.
Thanks though.

DCJ001 · Oct 31, 2012, 05:18 PM

Quote:

Apple now has 42,800 "full-time equivalent" employees, up from 60,400 last year. The

Are you sure?

StuddedLeather · Oct 31, 2012, 05:18 PM

Quote:

Originally Posted by JDee

Nice proof-reading.

The thread isn't even 5 minutes old yet and this is the first post. Lol you have to love this place. So strict

A Hebrew · Oct 31, 2012, 05:19 PM

100 full time equivalent employees PER STORE!?!?

the8thark · Oct 31, 2012, 05:20 PM

Quote:

Originally Posted by StuddedLeather

The thread isn't even 5 minutes old yet and this is the first post. Lol you have to love this place. So strict

Of cause we always pick on the mistakes and pure garbage articles. Simply cause we want the best here. Good to have high standards.

GLS · Oct 31, 2012, 05:21 PM

Quote:

Originally Posted by A Hebrew

100 full time equivalent employees PER STORE!?!?

Well.....

Quote:

Apple earned an average of $51.5 million per store, up from $43.3 million last year.

JDee · Oct 31, 2012, 05:23 PM

Quote:

Originally Posted by jlgolson

A typo. Thanks for picking it out, fixed.

I'm sorry if I came across as rude.

valexa · Oct 31, 2012, 05:28 PM

Quote:

Item 4. Mine Safety Disclosures
Not applicable.

what no apple mines ? preposterous

FrizzleFryBen · Oct 31, 2012, 05:28 PM

Quote:

Originally Posted by MacRumors

The document is thick with financial information, including breakdowns of all sorts related to how the company makes money, invests its money, and pays taxes, among other things.

Does it also include all Double Irish - Dutch Sandwich info as well? Oh wait, that's hiding in the Cayman Islands...

http://en.wikipedia.org/wiki/Double_Irish_arrangement

Vasileios · Oct 31, 2012, 05:31 PM

Yeap, Apple is Doomed #Not

zbarvian · Oct 31, 2012, 05:37 PM

But...but...I thought Apple was supposed to be crumbling?

GSPice · Oct 31, 2012, 05:43 PM

Quote:

Originally Posted by JDee

I'm sorry if I came across as rude.

T-Will · Oct 31, 2012, 05:46 PM

Quote:

Originally Posted by A Hebrew

100 full time equivalent employees PER STORE!?!?

$515,000 sales per full-time employee...not bad!

zorinlynx · Oct 31, 2012, 05:53 PM

What the heck is going on with the stock price, then, if Apple is doing so well?

It's shed over $100 from its peak, and that was BEFORE Sandy f-ed everything up.

faroZ06 · Oct 31, 2012, 05:56 PM

Those big corporations are exploiting the people!

----------

Quote:

Originally Posted by zorinlynx

What the heck is going on with the stock price, then, if Apple is doing so well?

It's shed over $100 from its peak, and that was BEFORE Sandy f-ed everything up.

- bubble
- super-high expectations that weren't met
- executives got fired

So glad I saw two of these things coming and sold at $700

cuencap · Oct 31, 2012, 06:07 PM

The most interesting financial tidbit is that AAPL spent $5 Billion on Property, Plant, and Equipment in the last 3 months (Q4) alone.

Apple... · Oct 31, 2012, 06:16 PM

Sioux Falls Apple Store, please?

Peace · Oct 31, 2012, 06:16 PM

" As this document is designed mainly for prospective and current investors in the company, Apple also lists a number of risk factors that could affect investments in the company. These include "[Apple] could be found to have infringed on intellectual property rights", the ability to "successfully manage frequent product introductions and transitions", "the Company's ability to obtain components in sufficient quantities", and numerous more."

The bold parts are scary.

PaulChowHK · Oct 31, 2012, 06:20 PM

I hoping they continue doing good. We having too much bad news so nice hearing good news

ConCat · Oct 31, 2012, 06:21 PM

Quote:

Originally Posted by GSPice

Image

Smelly.

Oct 31, 2012, 05:31 PM	#15
Vasileios macrumors regular Join Date: Oct 2005 Location: Greece	Yeap, Apple is Doomed #Not __________________ Think.Design.Create.Promote
	0

Oct 31, 2012, 05:53 PM	#19
zorinlynx macrumors 65816 Join Date: May 2007 Location: Florida, USA	What the heck is going on with the stock price, then, if Apple is doing so well? It's shed over $100 from its peak, and that was BEFORE Sandy f-ed everything up. __________________ Old-school Apple ][ expert! Ask me if you have a ][ question! Apple user 1983-1992, 2003-Present -- Linux user 1995-Present Windows-free since 2003! Though I still have to deal with it at work.
	0

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Oct 31, 2012, 05:17 PM	#3
nuckinfutz macrumors 603 Join Date: Jul 2002 Location: Middle Earth	That's a lot of Jobs. The overseas manufacturing can be looked past considering how many people are putting food on the table because of Apple products.
	3

Oct 31, 2012, 05:19 PM	#9
A Hebrew macrumors 6502a Join Date: Jan 2012 Location: Minnesota	100 full time equivalent employees PER STORE!?!?
	1

Oct 31, 2012, 05:37 PM	#16
zbarvian macrumors 65816 Join Date: Jul 2011	But...but...I thought Apple was supposed to be crumbling?
	1

Oct 31, 2012, 06:07 PM	#21
cuencap macrumors newbie Join Date: Dec 2011	The most interesting financial tidbit is that AAPL spent $5 Billion on Property, Plant, and Equipment in the last 3 months (Q4) alone.
	0

Oct 31, 2012, 06:16 PM	#22
Apple... macrumors 68020 Join Date: May 2010 Location: Sioux Falls, SD, U.S.	Sioux Falls Apple Store, please?
	0

Oct 31, 2012, 06:16 PM	#23
Peace macrumors P6 Join Date: Apr 2005 Location: Space--The ONLY Frontier	" As this document is designed mainly for prospective and current investors in the company, Apple also lists a number of risk factors that could affect investments in the company. These include "[Apple] could be found to have infringed on intellectual property rights", the ability to "successfully manage frequent product introductions and transitions", "the Company's ability to obtain components in sufficient quantities", and numerous more." The bold parts are scary.
	0

Oct 31, 2012, 06:20 PM	#24
PaulChowHK macrumors regular Join Date: Jan 2011	I hoping they continue doing good. We having too much bad news so nice hearing good news
	2