Apple Financial Statements From 2010 to 2024

AAPL Stock  USD 227.57  2.97  1.29%   
Apple financial statements provide useful quarterly and yearly information to potential Apple Inc investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Apple financial statements helps investors assess Apple's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Apple's valuation are summarized below:
Gross Profit
170.8 B
Profit Margin
0.2631
Market Capitalization
3.5 T
Enterprise Value Revenue
9.243
Revenue
381.6 B
There are over one hundred two available fundamental signals for Apple Inc, which can be analyzed over time and compared to other ratios. We recommend to validate Apple's prevailing fundamental drivers against the all of the trends between 2010 and 2024. Market Cap is expected to rise to about 243.8 B this year. Enterprise Value is expected to rise to about 233.1 B this year

Apple Total Revenue

462.82 Billion

Check Apple financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Apple's main balance sheet or income statement drivers, such as Depreciation And Amortization of 13.9 B, Interest Expense of 4.7 B or Selling General Administrative of 30.1 B, as well as many indicators such as Price To Sales Ratio of 6.65, Dividend Yield of 0.0061 or PTB Ratio of 40.99. Apple financial statements analysis is a perfect complement when working with Apple Valuation or Volatility modules.
  
Check out the analysis of Apple Correlation against competitors.

Apple Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets425.7 B405.5 B301.3 B
Slightly volatile
Other Current Liabilities71 B67.7 B35.7 B
Slightly volatile
Total Current Liabilities175.5 B167.1 B100.1 B
Slightly volatile
Total Stockholder Equity40.2 B71.5 B85.7 B
Slightly volatile
Property Plant And Equipment Net52.8 B50.3 B32 B
Slightly volatile
Cash36.2 B34.5 B24.9 B
Slightly volatile
Non Current Assets Total252.4 B240.4 B186.9 B
Slightly volatile
Cash And Short Term Investments74.3 B70.8 B56.9 B
Slightly volatile
Net Receivables35.6 B33.9 B15.4 B
Slightly volatile
Common Stock Shares Outstanding21 B18.2 B20.1 B
Slightly volatile
Liabilities And Stockholders Equity425.7 B405.5 B301.3 B
Slightly volatile
Non Current Liabilities Total175.2 B166.9 B113.1 B
Slightly volatile
Inventory7.6 B7.3 B3.9 B
Slightly volatile
Other Current Assets17.7 B16.9 B11.7 B
Slightly volatile
Total Liabilities350.7 B334 B213.2 B
Slightly volatile
Total Current Assets173.4 B165.1 B114.4 B
Slightly volatile
Cash And Equivalents36.2 B34.5 B24.9 B
Slightly volatile
Property Plant Equipment52.8 B50.3 B32 B
Slightly volatile
Short and Long Term Debt Total134.1 B127.8 B85.9 B
Slightly volatile
Short Term Debt19.1 B18.2 B13.4 B
Slightly volatile
Accounts Payable75.6 B72 B44.6 B
Slightly volatile
Property Plant And Equipment Gross138.4 B131.8 B78.3 B
Slightly volatile
Accumulated Depreciation87.4 B83.2 B46.7 B
Slightly volatile
Common Stock Total Equity78.3 B74.6 B42 B
Slightly volatile
Short Term Investments18.2 B36.3 B30.7 B
Slightly volatile
Common Stock89.1 B84.9 B44 B
Slightly volatile
Other Assets65.3 B62.2 B27.5 B
Slightly volatile
Long Term Debt67.6 B109.6 B70.3 B
Slightly volatile
Current Deferred Revenue5.5 B9.3 BB
Slightly volatile
Good Will6.9 B6.6 B4.8 B
Slightly volatile
Intangible Assets1.7 B2.6 B2.7 B
Slightly volatile
Other Liabilities59.3 B56.5 B36.1 B
Slightly volatile
Net Tangible Assets95.6 B58.3 B86.8 B
Slightly volatile
Deferred Long Term Liabilities2.7 B3.2 B2.7 B
Slightly volatile
Long Term Investments122.9 B115.6 B122.2 B
Pretty Stable
Non Current Liabilities Other60.2 B57.3 B31.9 B
Slightly volatile
Long Term Debt Total86.1 B110.6 B72.8 B
Slightly volatile
Short and Long Term Debt13.7 B14.2 B20.3 B
Slightly volatile
Net Invested Capital157.7 B155.9 B212.8 B
Slightly volatile
Capital Stock60.9 B84.9 B50.6 B
Slightly volatile
Capital Surpluse67.9 B84.9 B57.1 B
Slightly volatile
Capital Lease Obligations12.9 B14.8 B10.9 B
Slightly volatile

Apple Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization13.9 B13.2 B9.7 B
Slightly volatile
Interest Expense4.7 B4.5 B2.3 B
Slightly volatile
Selling General Administrative30.1 B28.7 B17.5 B
Slightly volatile
Total Revenue462.8 B440.8 B269.2 B
Slightly volatile
Gross Profit204.2 B194.5 B111.1 B
Slightly volatile
Other Operating Expenses324.8 B309.3 B191.7 B
Slightly volatile
Operating Income138 B131.4 B77.8 B
Slightly volatile
EBIT138 B131.4 B77.6 B
Slightly volatile
EBITDA151.9 B144.7 B87.3 B
Slightly volatile
Cost Of Revenue258.6 B246.3 B158.1 B
Slightly volatile
Total Operating Expenses66.2 B63.1 B33.6 B
Slightly volatile
Income Before Tax137.3 B130.8 B78.2 B
Slightly volatile
Net Income117.1 B111.5 B63.9 B
Slightly volatile
Income Tax Expense20.2 B19.3 B14.4 B
Slightly volatile
Research Development36.1 B34.4 B16.1 B
Slightly volatile
Net Income Applicable To Common Shares117.1 B111.5 B63.9 B
Slightly volatile
Net Income From Continuing Ops57 B111.5 B60.4 B
Slightly volatile
Non Operating Income Net Other1.1 B649.8 M1.1 B
Very volatile
Tax Provision12 B15.1 B15.9 B
Slightly volatile
Interest Income156.5 M164.7 M3.1 B
Slightly volatile
Reconciled Depreciation12.3 B13.2 B11 B
Slightly volatile

Apple Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow120.2 B114.5 B69.6 B
Slightly volatile
Begin Period Cash Flow30.2 B28.7 B23.1 B
Slightly volatile
Depreciation13.9 B13.2 B9.7 B
Slightly volatile
Dividends Paid18.1 B17.3 B12.2 B
Slightly volatile
Capital Expenditures13.2 B12.6 B10.2 B
Slightly volatile
Total Cash From Operating Activities133.5 B127.1 B80 B
Slightly volatile
Net Income117.1 B111.5 B63.9 B
Slightly volatile
End Period Cash Flow37.1 B35.3 B25.4 B
Slightly volatile
Stock Based Compensation13.1 B12.5 B6.1 B
Slightly volatile
Issuance Of Capital Stock944.6 M1.3 B836.2 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio6.656.336.2831
Slightly volatile
Dividend Yield0.00610.00640.0061
Very volatile
PTB Ratio40.9939.0446.7393
Slightly volatile
Days Sales Outstanding55.7966.7957.1639
Slightly volatile
Book Value Per Share3.733.553.2483
Slightly volatile
Free Cash Flow Yield0.04210.03320.044
Slightly volatile
Invested Capital1.691.612.2348
Slightly volatile
Operating Cash Flow Per Share6.646.327.3583
Slightly volatile
Stock Based Compensation To Revenue0.02670.02540.0237
Slightly volatile
PB Ratio40.9939.0446.7393
Slightly volatile
EV To Sales6.876.556.5241
Slightly volatile
Free Cash Flow Per Share5.985.696.6976
Slightly volatile
ROIC0.530.510.5758
Slightly volatile
Inventory Turnover43.6930.4443.3548
Slightly volatile
Net Income Per Share5.825.546.0917
Slightly volatile
Days Of Inventory On Hand11.7912.418.7933
Slightly volatile
Payables Turnover5.683.933.658
Slightly volatile
Research And Ddevelopement To Revenue0.05780.08980.0683
Slightly volatile
Cash Per Share3.693.523.1243
Slightly volatile
POCF Ratio12.0721.9519.8697
Pretty Stable
Interest Coverage13.1426.1637.1571
Slightly volatile
Payout Ratio0.160.140.1493
Pretty Stable
PFCF Ratio25.5824.3622.645
Slightly volatile
Days Payables Outstanding63.9796.05102
Slightly volatile
Income Quality0.931.031.1858
Slightly volatile
ROE1.471.41.8711
Slightly volatile
EV To Operating Cash Flow23.8322.721.391
Slightly volatile
PE Ratio15.0625.0124.0775
Pretty Stable
Return On Tangible Assets0.260.250.2787
Slightly volatile
EV To Free Cash Flow26.4625.223.5137
Slightly volatile
Earnings Yield0.02560.03240.039
Slightly volatile
Intangibles To Total Assets0.0160.01920.0234
Slightly volatile
Net Debt To EBITDA0.80.840.7492
Slightly volatile
Current Ratio1.081.140.9174
Slightly volatile
Tangible Book Value Per Share3.733.553.2483
Slightly volatile
Receivables Turnover6.025.666.3749
Slightly volatile
Graham Number22.121.0521.0776
Slightly volatile
Shareholders Equity Per Share3.733.553.2483
Slightly volatile
Debt To Equity1.691.612.2348
Slightly volatile
Revenue Per Share23.0121.9124.0714
Slightly volatile
Interest Debt Per Share6.96.587.4538
Slightly volatile
Debt To Assets0.30.280.332
Slightly volatile
Enterprise Value Over EBITDA20.9419.9419.7427
Slightly volatile
Short Term Coverage Ratios3.776.295.766
Pretty Stable
Price Earnings Ratio15.0625.0124.0775
Pretty Stable
Operating Cycle83.7379.267.0339
Slightly volatile
Price Book Value Ratio40.9939.0446.7393
Slightly volatile
Price Earnings To Growth Ratio16215434.726
Slightly volatile
Days Of Payables Outstanding63.9796.05102
Slightly volatile
Dividend Payout Ratio0.160.140.1493
Pretty Stable
Price To Operating Cash Flows Ratio12.0721.9519.8697
Pretty Stable
Price To Free Cash Flows Ratio25.5824.3622.645
Slightly volatile
Pretax Profit Margin0.280.270.2981
Slightly volatile
Ebt Per Ebit1.161.141.0174
Slightly volatile
Operating Profit Margin0.280.270.2989
Slightly volatile
Effective Tax Rate0.30.170.1708
Slightly volatile
Company Equity Multiplier5.365.116.6455
Slightly volatile
Long Term Debt To Capitalization0.570.540.6434
Slightly volatile
Total Debt To Capitalization0.610.580.6847
Slightly volatile
Return On Capital Employed0.520.50.5855
Slightly volatile
Debt Equity Ratio1.691.612.2348
Slightly volatile
Ebit Per Revenue0.280.270.2989
Slightly volatile
Quick Ratio1.780.970.8071
Slightly volatile
Dividend Paid And Capex Coverage Ratio32.8331.2729.7298
Slightly volatile
Net Income Per E B T0.580.770.8172
Slightly volatile
Cash Ratio0.230.240.1679
Slightly volatile
Operating Cash Flow Sales Ratio0.140.260.2937
Slightly volatile
Days Of Inventory Outstanding11.7912.418.7933
Slightly volatile
Days Of Sales Outstanding55.7966.7957.1639
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.580.810.8826
Slightly volatile
Cash Flow Coverage Ratios1.851.141.0795
Slightly volatile
Price To Book Ratio40.9939.0446.7393
Slightly volatile
Fixed Asset Turnover14.310.089.7
Slightly volatile
Price Cash Flow Ratio12.0721.9519.8697
Pretty Stable
Enterprise Value Multiple20.9419.9419.7427
Slightly volatile
Debt Ratio0.30.280.332
Slightly volatile
Cash Flow To Debt Ratio1.851.141.0795
Slightly volatile
Price Sales Ratio6.656.336.2831
Slightly volatile
Return On Assets0.260.250.2787
Slightly volatile
Asset Turnover1.341.251.1394
Slightly volatile
Net Profit Margin0.240.230.2507
Slightly volatile
Gross Profit Margin0.410.510.4372
Pretty Stable
Price Fair Value40.9939.0446.7393
Slightly volatile
Return On Equity1.471.41.8711
Slightly volatile

Apple Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap243.8 B232.2 B238.2 B
Slightly volatile
Enterprise Value233.1 B222 B227.7 B
Slightly volatile

Apple Fundamental Market Drivers

Forward Price Earnings30.6748
Cash And Short Term Investments61.6 B

Apple Upcoming Events

2nd of May 2024
Upcoming Quarterly Report
View
1st of August 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
7th of November 2024
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
30th of September 2023
Last Financial Announcement
View

About Apple Financial Statements

Apple investors utilize fundamental indicators, such as revenue or net income, to predict how Apple Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue9.3 B5.5 B
Total Revenue440.8 B462.8 B
Cost Of Revenue246.3 B258.6 B
Stock Based Compensation To Revenue 0.03  0.03 
Research And Ddevelopement To Revenue 0.09  0.06 
Capex To Revenue(0.03)(0.03)
Revenue Per Share 21.91  23.01 
Ebit Per Revenue 0.27  0.28 

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Additional Information and Resources on Investing in Apple Stock

When determining whether Apple Inc is a strong investment it is important to analyze Apple's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Apple's future performance. For an informed investment choice regarding Apple Stock, refer to the following important reports:
Is Technology Hardware, Storage & Peripherals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Apple. If investors know Apple will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Apple listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.007
Dividend Share
0.96
Earnings Share
6.43
Revenue Per Share
24.537
Quarterly Revenue Growth
(0.04)
The market value of Apple Inc is measured differently than its book value, which is the value of Apple that is recorded on the company's balance sheet. Investors also form their own opinion of Apple's value that differs from its market value or its book value, called intrinsic value, which is Apple's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Apple's market value can be influenced by many factors that don't directly affect Apple's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Apple's value and its price as these two are different measures arrived at by different means. Investors typically determine if Apple is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apple's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.