Apple's Net Sales Rose to $182.8 Billion in 2014, CEO Tim Cook Earns $9.2 Million in Compensation

Apple's Net Sales Rose to $182.8 Billion in 2014, CEO Tim Cook Earns $9.2 Million in Compensation

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Apple has filed its Definitive Proxy Statement for 2014 revealing details about the company's performance and the incomes of its top executives.

Apple had an impressive year in 2014. Net sales rose 7%, or $11.9 billion, to $182.8 billion; operating income also rose 7%, or $3.5 billion, to $52.5 billion, compared to 2013. The company reported a cash and marketable securities balance of $155 billion at the end of 2014 and notes that it utilized $45 billion to repurchase its common stock and paid dividends and dividend equivalents of $11 billion.

The company's stock price increased 46.1% during 2014 and it had a total shareholder return (“TSR”), on a dividend-reinvested basis, of 49.4%.

During 2014, Apple added two key executives to its leadership team. Angela Ahrendts joined the Company in the newly created position of Senior Vice President, Retail and Online Stores. Also, Luca Maestri was promoted to Senior Vice President, Chief Financial Officer following Peter Oppenheimer’s retirement.

Looking at the compensation of its executives, Angela Ahrendts was awarded $73,351,124 million in total compensation partly consisting of $70,001,196 in stock awards and a $500,000 bonus. CEO Tim Cook received $9,222,638 in total compensation, $6,700,000 of which was from non-equity incentive plan compensation. Luca Maestri received $14,002,801 ($11,335,043 in stock awards), Peter Oppenheimer received $4,517,720, Eddy Cue received $24,445,739 ($20,000,900 in stock awards), and Jeff Williams received $24,403,235 ($20,000,900 in stock awards).

More details can be found in the chart below and in the full proxy statement linked below.

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Apple's Net Sales Rose to $182.8 Billion in 2014, CEO Tim Cook Earns $9.2 Million in Compensation
Android Junkie - January 23, 2015 at 4:01am
Because all of Apples products made in China and Taiwan.
Rick roll - January 23, 2015 at 11:16am
Explain the quote "designed by Apple in California, assembled in the U.S." Then.
Shi tRoll - January 24, 2015 at 2:32am
it's a big fat lie, even you are made in china. nothing is made in USA, except for white trash like You
Wtf - January 23, 2015 at 3:56am
I would have to agree with you on that one!
The Eagle Eye (J Blaze) - January 23, 2015 at 2:07am
And I ask myself, how the f*** Apple is making all this money but the unemployment rate increases monthly?!?
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