Apple AAPL financial statements - Excel by xvi27935

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                Apple Inc. (AAPL)                     2003       2004      2005       Q1     Q2        Q3       Q4       2006

                 SEGMENT DATA                         2003      2004      2005       Q1      Q2        Q3      Q4       2006
                                                                                                      FREE - Valuation models and historical fi
Net Sales by Operating Segment:
 Americas net sales                                   3,181     4,019     6,658     2,700    2,122    2,213     2,380     9,415
 Europe net sales                                     1,309     1,799     3,073     1,242      966      900       988     4,096
 Japan net sales                                        698       677       924       355      309      259       288     1,211
 Retail net sales                                       621     1,185     2,278     1,072      636      688       850     3,246
 Other Segments net sales                               398       599       998       380      326      310       331     1,347
Total net sales                                       6,207     8,279    13,931     5,749    4,359    4,370     4,837    19,315

Unit Sales by Operating Segment:
 Americas Mac unit sales                              1,620     1,682     2,184       515      494      642       781     2,432
 Europe Mac unit sales                                  684       773     1,138       387      316      301       342     1,346
 Japan Mac unit sales                                   339       291       313        81       82       79        62       304
 Retail Mac unit sales                                  187       314       609       193      154      216       323       886
 Other Segments Mac unit sales                          182       230       290        78       66       89       102       335
Total Mac unit sales                                  3,012     3,290     4,534     1,254    1,112    1,327     1,610     5,303

Operating income
  Americas                                              323       465       970       436      390      486       587     1,899
  Europe                                                130       280       465       174      126      162       165       627
  Japan                                                 121       115       147        53       57       47        51       208
  Retail                                                 (5)       39       396        90       29      122       359       600
  Other Segments                                         51        90       118        66       61       62        46       235
Retail manufacturing margin                             106       213                 199      128               (327)
Other corporate expenses, net                          (701)     (820)     (404)     (224)    (220)    (276)     (233)     (953)
Stock-based compensation expense                                  (46)      (49)      (44)     (42)     (37)      (40)     (163)
Restructuring costs                                     (26)      (23)
Total                                                    (1)      313     1,643       750     529       566       608     2,453

Depreciation, amortization, and accretion
 Americas                                                 5         6         6                                              6
 Europe                                                   4         4         4                                              4
 Japan                                                    3         2         3                                              3
 Retail                                                  25        35        43                                             59
 Other Segments                                           2         2         2                                              3
Corporate depreciation, amortization,                    74       101       121                                            150
Total                                                   113       150       179                                            225

Assets
 Americas                                               494       563       705                                             896
 Europe                                                 252       259       289                                             471
 Japan                                                  130       114       165                                             181
 Retail                                                 243       351       589                                             651
 Other Segments                                          78       124       133                                             180
Corporate assets                                      5,618     6,628     9,635                                          14,826
Consolidated assets                                   6,815     8,039    11,516                                          17,205

Net sales:
 U.S.                                                 3,627     4,893     8,194                                          11,486
 International                                        2,580     3,386     5,737                                           7,829
Total                                                 6,207     8,279    13,931                                          19,315

Long-lived assets:
  U.S.                                                  635       637       738                                           1,150
  International                                          79       124       175                                             218
Total                                                   714       761       913                                           1,368


Net Sales by Product:
 Desktops                                             2,475     2,373     3,436       912     833       705       869     3,319
 Portables                                            2,016     2,550     2,839       812     739     1,161     1,344     4,056
Total Mac net sales                                      4,491   4,923    6,275    1,724   1,572   1,866   2,213    7,375
 iPod                                                      345   1,306    4,540    2,906   1,714   1,497   1,559    7,676
 Other music related products and services                  36     278      899      491     485     457     452    1,885
 iPhone and related products and services                                                                      0
 Peripherals and other hardware                            691     951    1,126      303     264     236     297    1,100
 Software, service, and other sales                        644     821    1,091      325     324     314     316    1,279
Total net sales                                          6,207   8,279   13,931    5,749   4,359   4,370   4,837   19,315

Unit Sales by Product:
 Desktops                                                1,761   1,625    2,520      667     614     529     624    2,434
 Portables                                               1,251   1,665    2,014      587     498     798     986    2,869
Total Mac unit sales                                     3,012   3,290    4,534    1,254   1,112   1,327   1,610    5,303

Net sales per Mac unit sold                              1,491   1,496    1,384    1,375   1,414   1,406   1,375    1,391

iPod unit sales                                           939    4,416   22,497   14,043   8,526   8,111   8,729   39,409
Net sales per iPod unit sold                              367      296      202      207     201     185     179      195

iPhone unit sales

Americas:
Net sales                                                                                                           9,415
Operating income                                                                                                    1,899
Depreciation, amortization, and accretion                                                                               6
Segment assets (a)                                                                                                    896

Europe:
Net sales                                                                                                           4,096
Operating income                                                                                                      627
Depreciation, amortization, and accretion                                                                               4
Segment assets                                                                                                        471

Japan:
Net sales                                                                                                           1,211
Operating income                                                                                                      208
Depreciation, amortization, and accretion                                                                               3
Segment assets                                                                                                        181

Retail:
Net sales                                                                                                           3,246
Operating income                                                                                                      600
Depreciation, amortization, and accretion                                                                              59
(b)
Segment assets (b)                                                                                                   651

Other Segments (c):
Net sales                                                                                                           1,347
Operating income                                                                                                      235
Depreciation, amortization, and accretion                                                                               3
Segment assets                                                                                                        180

                                                                                                                    2,006
Segment operating income                                                                                            3,569
Other corporate expenses, net (a)                                                                                    (953)
Stock-based compensation expense                                                                                     (163)
Total operating income                                                                                              2,453

Segment assets                                                                                                      2,379
Corporate assets                                                                                                   14,826
Consolidated assets                                                                                                17,205


Segment depreciation, amortization, and accretion                                                                     75
Corporate depreciation, amortization, and accretion                                                                  150
Consolidated depreciation, amortization, and accretion                                                               225
                    INCOME STATEMENT                 2003       2004     2005     Q1        Q2         Q3      Q4       2006
                                                                                                      FREE - Valuation models and historical fi

Net product sales                                     6,207      8,279   13,931    5,749     4,359     4,370    4,837    19,315
Net product cost of sales                             4,499      6,022    9,889    4,185     3,062     3,045    3,425    13,717

Gross margin                                          1,708      2,257    4,042    1,564     1,297     1,325    1,412     5,598

Research and development                                471        491      535     182       176        175      179       712
Selling, general, and administrative (1)              1,212      1,430    1,864     632       592        584      625     2,433
Restructuring costs                                      26         23
                          Total operating expenses    1,709      1,944    2,399     814       768        759      804     3,145
Operating income                                         -1        313    1,643     750       529        566      608     2,453

Other income and expense                                 93        57      165         81        76       95      113       365

Income (loss) before income tax                          92       370     1,808     831       605        661      721     2,818
                                                                                                                    0
Provision for income taxes                                24      104      480      266       195        189      179       829
                                                           1
Cumulative effects of accounting changes, net of income taxes

Net income (loss)                                        69       266     1,328     565       410        472      542     1,989

Income per share of common stock (Basic)             $0.10      $0.36    $1.64    $0.68     $0.49     $0.55     $0.64    $2.36
Income per share of common stock (Diluted)           $0.09      $0.34    $1.55    $0.65     $0.47     $0.54     $0.62    $2.27

                                                       721
Weighted average number of common shares outstanding (Basic) 743           808      831       841        851      844       844
                                                       727
Weighted average number of common shares outstanding (Diluted) 775         857      874       879        876      878       878
(1) Includes stock-based compensation expense as follows:

Cost of sales                                                                                                                21
Research and development                                                                                                     53
Selling, general, and administrative                                                                                         89

                     BALANCE SHEET                   2003       2004     2005     Q1        Q2         Q3      Q4       2006
                                                                                                      FREE - Valuation models and historical fi

Current assets:
Cash and cash equivalents                             3,396      2,969    3,491    4,150     6,346     8,013    6,392     6,392
Short-term investments                                1,170      2,495    4,770    4,557     1,880     1,163    3,718     3,718
Accounts receivable, less allowances                    766        774      895    1,331       861     1,089    1,252     1,252
Inventories                                              56        101      165      244       204       213      270       270
Deferred tax assets                                     190        231      331      471       459       491      607       607
Other current assets                                    309        485      648    1,409     1,536     1,522    2,270     2,270
                                                                                                                    0
Total current assets                                  5,887      7,055   10,300   12,162    11,286    12,491   14,509    14,509
                                                                                                                    0
Property, plant, and equipment, net                     669       707      817       855     1,005     1,197    1,281     1,281
Goodwill                                                 85        80       69        69        69        38       38        38
Acquired intangible assets, net                          24        17       27        24        41        37      139       139
Other assets                                            150       191      303     1,071     1,510     1,351    1,238     1,238
                                                                                                                    0
Total assets                                          6,815      8,050   11,516   14,181    13,911    15,114   17,205    17,205
                                                                                                                    0
Current liabilities:                                                                                                0
Accounts payable                                      1,154      1,451    1,779    2,896     2,108     2,513    3,390     3,390
Accrued expenses                                        899      1,200    1,708    2,164     2,348     2,510    3,053     3,053
Current debt                                            304                                                         0
                                                                                                                    0
Total current liabilities                             2,357      2,651    3,487    5,060     4,456     5,023    6,443     6,443
                                                                                                                    0
Non-current liabilities                                 235       323      601      741       773        761      778       778
                                                                                                                    0
Total liabilities                                     2,592      2,974    4,088    5,801     5,229     5,784    7,221     7,221
Shareholders' equity:                                                                                                  0
                                                                                                                       0
Common stock, no par value; 1,800,000,000               1,926     2,514      3,564     3,815    4,014    4,249     4,355    4,355
Retained earnings                                       2,394     2,670      3,925     4,570    4,673    5,065     5,607    5,607
Accumulated other comprehensive income                    -35       -15                   -5       -5       16        22       22
Deferred stock compensation                               -62       -93        -61                                     0
                                                                                                                       0
Total stockholders equity                               4,223     5,076      7,428     8,380    8,682    9,330     9,984    9,984
                                                                                                                       0
Total liabilities and stockholders equity               6,815     8,050     11,516    14,181   13,911   15,114    17,205   17,205

                    CASH FLOW                          2003      2004      2005       3MOS     6MOS     9MOS 12MOS        2006
                                                                                                        FREE - Valuation models and historical fi

Cash flows from operating activities:
Net income applicable to common stock                     69       266      1,328       565      975     1,447     1,989    1,989
Adjustments to reconcile net income to net cash provided by operating activities:                                      0
Cumulative effects of accounting changes, net of taxes    -1
 Depreciation, amortization and accretion                113       150         179       52      102       159       225      225
 Stock-based compensation expense                         16        46          49       44       86       123       163      163
 Non-cash restructuring                                   12
 Provision for deferred income taxes                     -11        19          50       70       83       201        53        53
 Excess tax benefits from stock options                    7        83         428
 Gain on sale of PowerSchool net assets                                                                      -4        0
 Loss on disposition of property, plant, and equipment     2          7           9                3          5       15        15
 Gains on sales of investments, net                      -31         -5
 Gain on forward purchase agreement                       -6
Changes in operating assets and liabilities:
 Accounts receivable, net                               -201         -8       -121      -436       34      -194     -357      -357
 Inventories                                             -11       -45         -64       -79      -39       -48     -105      -105
 Other current assets                                    -34      -176        -150      -757     -892      -880   -1,626    -1,626
 Other assets                                            -30       -25         -35      -771   -1,195    -1,113   -1,040    -1,040
 Accounts payable                                        243       297         328     1,117      329       734    1,611     1,611
   Deferred revenue                                                                                                           319
 Other liabilities                                       152       325         534      478      672       735       973      973

Net cash provided by operating activities                 289       934      2,535      283      158     1,165     1,901    2,220

Cash flows from investing activities:                                                                                  0
Purchases of short-term investments                    -2,648   -3,270 -11,470        -3,185   -3,792    -4,393   -7,255    -7,255
Proceeds from maturities of short-term investments      2,446    1,141    8,609        3,396    6,683     7,827    7,226     7,226
Proceeds from sales of investments                      1,161      806      586                             175    1,086     1,086
Purchases of long-term investments                                                                          -12      -25       -25
Payments made in connection with business acquisitions, net of cash acquired
Proceeds from sale of PowerSchool net assets                                                                40         0
Payment for acquisition of property, plant, and equipment-164     -176     -260          -82     -275     -512      -657      -657
Payment for acquisition of intangible assets                                                                         -28       (28)
Other                                                      33       11       -21         -36      -61       -39       10        10

Net cash used in investing activities                     828     -1,488    -2,556       93     2,555    3,086       357      357

Cash flows from financing activities:                                                                                  0
Proceeds from issuance of common stock                     53       427        543      134       212      286       318      318
Excess tax benefits from stock-based compensation                                       149       283      339       361      361
Repurchases of common stock                               -26                                    -353     -354         0
Payment of long-term debt                                           -300                                               0
Cash used to net share settle equity awards                                                                                  (355)
Net cash provided by (used in) financing activities        27       127        543      283      142       271       679       324
                                                                                                                       0
Increase (decrease) in cash and cash equivalents        1,144      -427        522       659    2,855    4,522     2,937    2,901
Cash and cash equivalents, beginning of period          2,252     3,396      2,969     3,491    3,491    3,491     3,491    3,491
Cash and cash equivalents, end of period                3,396     2,969      3,491     4,150    6,346    8,013     6,428    6,392
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            Q1        Q2        Q3        Q4        2007        Q1       Q2       Q3       Q4      2008

           Q1         Q2         Q3       Q4         2007        Q1      Q2       Q3       Q4      2008
models and historical financial statements - http://www.allfactors.com

           3,521     2,467     2,680      2,928     11,596     4,298     3,268    3,435    3,572   14,573
           1,712     1,249     1,160      1,339      5,460     2,471     1,780    1,648    1,723    7,622
             285       284       258        255      1,082       400       424      365      320    1,509
           1,115       834       915      1,251      4,115     1,701     1,451    1,445    1,718    6,315
             482       430       397        444      1,753       738       589      571      562    2,460
           7,115     5,264     5,410      6,217     24,006     9,608     7,512    7,464    7,895   32,479


             625       605       824        965      3,019       841       884    1,134    1,121    3,980
             491       433       393        499      1,816       705       627      576      611    2,519
              70        79        81         72        302        91       118      102       78      389
             308       275       330        473      1,386       504       458      476      596    2,034
             112       125       136        155        528       178       202      208      205      793
           1,606     1,517     1,764      2,164      7,051     2,319     2,289    2,496    2,611    9,715


             928       635       711        675      2,949     1,173      918      962
             390       298       308        352      1,348       760      485      549
              55        55        59         63        232       108      125      127
             259       164       184        268        875       405      334      297
              99        93        94        102        388       199      143      154
                                              0
            (363)     (196)     (250)      (332)     (1,141)    (110)     (558)    (564)
             (46)      (63)      (65)       (68)       (242)    (409)     (132)    (133)

           1,322       986     1,041      1,060      4,409     2,126     1,315    1,392


                                                         9
                                                         6
                                                         3
                                                        88
                                                         3
                                                       208
                                                       317


                                                     1,497
                                                       595
                                                       159
                                                     1,085
                                                       252
                                                    21,759
                                                    25,347


                                                    14,128                                         18,469
                                                     9,878                                         14,010
                                                    24,006                                         32,479


                                                     1,752                                          2,269
                                                       260                                            410
                                                     2,012                                          2,679



             955       914       956      1,195      4,020     1,515     1,352    1,373    1,363    5,603
           1,455     1,354     1,577      1,908      6,294     2,037     2,142    2,237    2,257    8,673
 2,410    2,268   2,533    3,103   10,314     3,552    3,494    3,610    3,620   14,276
 3,427    1,689   1,570    1,619    8,305     3,997    1,818    1,678    1,660    9,153
   634      653     608      601    2,496       808      881      819      832    3,340
                      5      118      123       241      378      419      806    1,844
   297      309     308      346    1,260       382      412      437      428    1,659
   347      345     386      430    1,508       628      529      501      549    2,207
 7,115    5,264   5,410    6,217   24,006     9,608    7,512    7,464    7,895   32,479


   637      626     634      817    2,714       977      856      943      936    3,712
   969      891   1,130    1,347    4,337     1,342    1,433    1,553    1,675    6,003
 1,606    1,517   1,764    2,164    7,051     2,319    2,289    2,496    2,611    9,715

 1,501    1,495   1,436    1,434    1,463     1,532    1,526    1,446    1,386    1,469

21,066   10,549   9,815   10,200   51,630    22,121   10,644   11,011   11,052   54,828
   163      160     160      159      161       181      171      152      150      167

                   270     1,119    1,389     2,315    1,703     717     6,892   11,627


                                   11,596                                        14,573
                                    2,949                                         4,051
                                        9                                             9
                                    1,497                                         3,039


                                    5,460                                         7,622
                                    1,348                                         2,313
                                        6                                             6
                                      595                                         1,775


                                    1,082                                         1,509
                                      232                                           440
                                        3                                             2
                                      159                                           302


                                    4,115                                         6,315
                                      875                                         1,337
                                       88                                           108

                                    1,085                                         1,869


                                    1,753                                         2,460
                                      388                                           615
                                        3                                             4
                                      252                                           534

                                    2,007                                         2,008
                                    5,792                                         8,756
                                   (1,141)                                       (1,965)
                                     (242)                                         (516)
                                    4,409                                         6,275

                                    3,588                                         7,519
                                   21,759                                        32,053
                                   25,347                                        39,572


                                     109                                           129
                                     208                                           344
                                     317                                           473
           Q1         Q2         Q3       Q4         2007        Q1      Q2       Q3       Q4       2008
models and historical financial statements - http://www.allfactors.com

            7,115     5,264     5,410      6,217     24,006     9,608     7,512    7,464    7,895   32,479
            4,895     3,415     3,415      4,127     15,852     6,276     5,038    4,864    5,156   21,334

            2,220     1,849     1,995      2,090      8,154     3,332     2,474    2,600    2,739    11,145

              184       183       208        207        782       246      273      292      298     1,109
              714       680       746        823      2,963       960      886      916      999     3,761

              898       863       954      1,030      3,745     1,206     1,159    1,208    1,297     4,870
            1,322       986     1,041      1,060      4,409     2,126     1,315    1,392    1,442     6,275

              126       148       155        170        599       200      162      118      140       620

            1,448     1,134     1,196      1,230      5,008     2,326     1,477    1,510    1,582    6,895

              444       364       378        326      1,512       745      432      438      446     2,061


            1,004       770       818        904      3,496     1,581     1,045    1,072    1,136     4,834

           $1.17     $0.89     $0.94      $1.05      $4.04     $1.81     $1.19    $1.21    $1.28     $5.48
           $1.14     $0.87     $0.92      $1.02      $3.93     $1.76     $1.16    $1.19    $1.25     $5.36

              858       863       867        865        865       876      880      884      887       882
              883       887       891        889        889       900      899      903      906       902


                                                        35                                              80
                                                        77                                             185
                                                       130                                             251

           Q1         Q2         Q3       Q4         2007        Q1      Q2       Q3       Q4       2008
models and historical financial statements - http://www.allfactors.com


            7,159     7,095     7,118      9,352      9,352     9,162     9,070    9,373   11,875   11,875
            4,710     5,482     6,649      6,034      6,034     9,286    10,378   11,401   12,615   12,615
            1,621       928     1,410      1,637      1,637     1,939     1,593    1,603    2,422    2,422
              303       208       251        346        346       459       364      545      509      509
              648       640       687        782        782       993     1,060    1,131    1,447    1,447
            2,223     1,676     2,630      3,805      3,805     4,350     4,271    3,945    5,822    5,822
                                               0
           16,664    16,029   18,745      21,956     21,956    26,189    26,736   27,998   34,690    34,690
                                               0
            1,362     1,409     1,626      1,832      1,832     1,870     1,962    2,177    2,455    2,455
               38        38        38         38         38        38        38       38      207      207
              146       240       237        299        299       311       300      291      285      285
            1,251       995     1,001      1,222      1,222     1,631     1,435    1,205    1,935    1,935
                                               0
           19,461    18,711   21,647      25,347     25,347    30,039    30,471   31,709   39,572    39,572
                                               0
                                               0
            3,885     2,403     3,660      4,970      4,970     5,366     4,154    3,683    5,520    5,520
            3,452     3,082     3,332      4,310      4,310     5,169     5,480    5,535    8,572    8,572
                                               0
                                               0
            7,337     5,485     6,992      9,280      9,280    10,535     9,634    9,218   14,092    14,092
                                               0
              896       965     1,251      1,535      1,535     2,700     2,784    2,869    4,450    4,450
                                               0
            8,233     6,450     8,243     10,815     10,815    13,235    12,418   12,087   18,542    18,542
                                               0
                                               0
            4,594     4,848     5,149      5,368      5,368     6,046     6,342      6,831      7,177    7,177
            6,611     7,381     8,199      9,101      9,101    10,684    11,642     12,714     13,845   13,845
               23        32        56         63         63        74        69         77          8        8
                                               0
                                               0
           11,228    12,261   13,404      14,532     14,532    16,804    18,053     19,622     21,030    21,030
                                               0
           19,461    18,711   21,647      25,347     25,347    30,039    30,471     31,709     39,572    39,572

         3MOS       6MOS       9MOS     12MOS        2007       3MOS     6MOS       9MOS      12MOS     2008
models and historical financial statements - http://www.allfactors.com


            1,004     1,774     2,592      3,496      3,496     1,581     2,626      3,698      4,834     4,834
                                               0

               74       143       224        317        317       106       222        339       473       473
               46       109       174        242        242       110       242        375       516       516

               73       122       206         78         78        22           6       41       -368     (368)


                 5        6         7         12         12        14        10         15        22           22


                                               0
             -369       324      -158       -385       -385      -302        44          34      -785      (785)
              -33        62        19        -76        -76      -113       -18        -199      -163      (163)
               36       589      -363     -1,540     -1,540      -550      -444        -100    -1,958    (1,958)
               28       261       254         81         81      -253      -150         101      -492      (492)
              495      -987       270      1,494      1,494       484      -740      -1,226       596       596
              199       235       523                1,139      1,048     1,585       1,823     5,642     5,642
              255       -91        26        612       612        640       597         400     1,279     1,279

            1,813     2,547     3,774      4,331      5,470     2,787     3,980      5,301      9,596     9,596

                                               0
           -2,581    -6,223    -9,587    -11,719    -11,719    -6,127    -12,740    -17,153   -22,965   (22,965)
              934     2,961     4,246      6,483      6,483     2,129      6,683      9,378    11,804    11,804
              655     1,505     2,420      2,941      2,941       758      1,676      2,367     4,439     4,439
                         -5        -6        -17        -17        -9        -17        -31       -38       (38)
                                                                                                 -220      (220)

             -142      -247      -530       -735       -735      -224      -384       -688     -1,091    (1,091)
             -115      -216      -222       -251       -251        -8       -63        -89       -108      (108)
               15        13        34         49         49        19        21         20        -10       (10)

           -1,234    -2,212    -3,645     -3,249     -3,249    -3,462     -4,824     -6,196    -8,189    -8,189

                                               0
              101       176       294        365        365       179       233        411       483       483
               87       192       303        377        377       315       445        621       757       757
                                               0
                                               0
                                                         (3)       -9      -116       -116       -124     (124)
              188       368       597        742        739       485       562        916      1,116     1,116
                                               0
              767       703       726      1,824      2,960      -190      -282         21      2,523     2,523
            6,392     6,392     6,392      6,392      6,392     9,352     9,352      9,352      9,352     9,352
            7,159     7,095     7,118      8,216      9,352     9,162     9,070      9,373     11,875    11,875
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