Page 30 - 2018 Apple Annual Report

CENTRALIZED SUPPLY CHAIN SERVICES, LLC
NOTES TO FINANCIAL STATEMENTS
December 31, 2018 and 2017

2018 2017
Cash flows from operating activities
Net earnings $ 2,632,352 $ 3,448,475
Adjustment to reconcile net earnings
to net cash provided by operating activities
Depreciation 13,216 10,736
Increase (decrease) in cash from changes in
operating assets and liabilities
Accounts receivable (580,398) (129,137)
Prepaid expenses (42,469) 60,072
Accounts payable (181,750) (341,647)
Accrued payroll and related liabilities 214,671 97,793
Net cash provided by operating activities 2,055,622 3,146,292

Cash flows from financing activities
Dividends paid to members (2,960,208) (4,398,834)
Net cash used in financing activities (2,960,208) (4,398,834)

Net change in cash and cash equivalents (904,586) (1,252,542)

Cash and cash equivalents at beginning of year 4,432,970 5,685,512

Cash and cash equivalents at end of year $ 3,528,384 $ 4,432,970

See accompanying notes to financial statements.

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