why Apple's Common stock issued while Common stock outstanding decrease

Question

Here is picture 1 which show Apple's Common stock and additional paid-in capital changes from 2023 to 2024, which shows 1,423 millions dollar Common stock issued.

Here is picture 2 which show Apple's Common stock outstanding from 2023 to 2024.

My question is why they are unmatched in the following respects:

1. Given $0.00001 par value according to Apple 2024 financial statements, the common stock issued in these two picture are unmatched
2. If common stock issued = total_number_of_stocks * par_value, why does the common stock issued increase by 1,423 while Common Stock Outstanding decrease.

Answer 1

The key is "and additional paid-in capital". When shares are issued, any amount the company receives above the par amount is "paid-in capital" and depends on the price at which the shares were initially sold (it is not adjusted based on secondary market price).

So the "common stock" balance is not just # of shares * par but indicates how much cash was actually received in total - essentially it's # of shares * avg price received per share.

The share repurchase is accounted for under "Retained Earnings" in the second group of items (which you do not show) on the Equity Statement.