Apple Financial Statements From 2010 to 2024

AAPL Stock  USD 234.93  0.13  0.06%   
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
0.2397
Market Capitalization
3.6 T
Enterprise Value Revenue
9.1078
Revenue
391 B
There are over one hundred nineteen 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. The value of Market Cap is estimated to slide to about 7.1 B. The Enterprise Value is projected to slide to about 6.4 B

Apple Total Revenue

410.59 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 12 B, Interest Expense of 4.7 B or Selling General Administrative of 27.4 B, as well as many indicators such as Price To Sales Ratio of 7.03, Dividend Yield of 0.0056 or PTB Ratio of 43.37. 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 Assets383.2 B365 B295.7 B
Slightly volatile
Other Current Liabilities54.3 B51.7 B33.5 B
Slightly volatile
Total Current Liabilities185.2 B176.4 B101.4 B
Slightly volatile
Total Stockholder Equity40.8 B57 B84.8 B
Slightly volatile
Property Plant And Equipment Net48 B45.7 B31.4 B
Slightly volatile
Cash31.4 B29.9 B24.3 B
Slightly volatile
Non Current Assets Total222.6 B212 B183 B
Slightly volatile
Cash And Short Term Investments68.4 B65.2 B56.1 B
Slightly volatile
Net Receivables69.6 B66.2 B19.8 B
Slightly volatile
Common Stock Shares Outstanding20.9 B15.4 B19.9 B
Slightly volatile
Liabilities And Stockholders Equity383.2 B365 B295.7 B
Slightly volatile
Non Current Liabilities Total138.2 B131.6 B108.3 B
Slightly volatile
Inventory7.7 B7.3 B3.9 B
Slightly volatile
Other Current Assets15 B14.3 B11.3 B
Slightly volatile
Total Liabilities323.4 B308 B209.7 B
Slightly volatile
Total Current Assets160.6 B153 B112.7 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 Total112 B106.6 B83.2 B
Slightly volatile
Short Term Debt21.9 B20.9 B13.8 B
Slightly volatile
Accounts Payable72.4 B69 B44.2 B
Slightly volatile
Current Deferred Revenue4.7 B8.2 B6.9 B
Pretty Stable
Short Term Investments18.3 B35.2 B30.6 B
Slightly volatile
Property Plant And Equipment Gross125.1 B119.1 B76.6 B
Slightly volatile
Accumulated Depreciation87.4 B83.2 B46.7 B
Slightly volatile
Common Stock87.4 B83.3 B43.8 B
Slightly volatile
Common Stock Total Equity78.3 B74.6 B42 B
Slightly volatile
Other Assets65.3 B62.2 B27.5 B
Slightly volatile
Long Term Debt69.4 B85.8 B68.8 B
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 Investments121.5 B91.5 B120.5 B
Pretty Stable
Non Current Liabilities Other28.4 B36.6 B28.4 B
Slightly volatile
Long Term Debt Total86.1 B110.6 B72.8 B
Slightly volatile
Short and Long Term Debt14 B20.9 B20.8 B
Slightly volatile
Net Invested Capital154.3 B163.6 B213 B
Slightly volatile
Capital Stock65.3 B83.3 B50.8 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 Amortization12 B11.4 B9.2 B
Slightly volatile
Interest Expense4.7 B4.5 B2.3 B
Slightly volatile
Selling General Administrative27.4 B26.1 B17 B
Slightly volatile
Total Revenue410.6 B391 B262.4 B
Slightly volatile
Gross Profit189.7 B180.7 B109.3 B
Slightly volatile
Other Operating Expenses281.2 B267.8 B184.4 B
Slightly volatile
Operating Income129.4 B123.2 B76.7 B
Slightly volatile
EBIT129.4 B123.2 B76.8 B
Slightly volatile
EBITDA141.4 B134.7 B85.9 B
Slightly volatile
Cost Of Revenue220.9 B210.4 B153.2 B
Slightly volatile
Total Operating Expenses60.3 B57.5 B33.1 B
Slightly volatile
Income Before Tax129.7 B123.5 B77.2 B
Slightly volatile
Net Income98.4 B93.7 B61.4 B
Slightly volatile
Income Tax Expense31.2 B29.7 B15.8 B
Slightly volatile
Research Development32.9 B31.4 B15.7 B
Slightly volatile
Net Income Applicable To Common Shares117.1 B111.5 B63.9 B
Slightly volatile
Net Income From Continuing Ops59.9 B93.7 B59.4 B
Slightly volatile
Selling And Marketing Expenses1.2 B1.3 B1.1 B
Slightly volatile
Tax Provision18.1 B29.7 B17.3 B
Very volatile
Interest IncomeB3.4 B3.8 B
Slightly volatile
Reconciled Depreciation12.4 B11.4 B10.9 B
Slightly volatile

Apple Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow114.2 B108.8 B68.8 B
Slightly volatile
Begin Period Cash Flow32.3 B30.7 B23.4 B
Slightly volatile
Depreciation12 B11.4 B9.5 B
Slightly volatile
Capital Expenditures9.9 B9.4 B9.7 B
Slightly volatile
Total Cash From Operating Activities124.2 B118.3 B78.8 B
Slightly volatile
Net Income98.4 B93.7 B61.5 B
Slightly volatile
End Period Cash Flow31.4 B29.9 B24.7 B
Slightly volatile
Stock Based Compensation12.3 B11.7 BB
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 Ratio7.038.93825.2941
Slightly volatile
Dividend Yield0.00560.00440.0113
Slightly volatile
PTB Ratio43.3761.372432.3196
Slightly volatile
Days Sales Outstanding58.0861.832653.4987
Slightly volatile
Book Value Per Share3.953.71163.9834
Pretty Stable
Free Cash Flow Yield0.03690.03110.0569
Slightly volatile
Operating Cash Flow Per Share7.027.7075.5251
Slightly volatile
Stock Based Compensation To Revenue0.02830.02990.0218
Slightly volatile
Capex To Depreciation0.950.82541.0859
Slightly volatile
PB Ratio43.3761.372432.3196
Slightly volatile
EV To Sales7.249.13435.531
Slightly volatile
Free Cash Flow Per Share6.337.09134.9253
Slightly volatile
ROIC0.560.57180.4312
Slightly volatile
Inventory Turnover33.8228.870748.7188
Slightly volatile
Net Income Per Share6.166.10914.3869
Slightly volatile
Days Of Inventory On Hand10.7912.64268.0159
Slightly volatile
Payables Turnover3.423.05033.5742
Slightly volatile
Sales General And Administrative To Revenue0.0630.06640.0585
Slightly volatile
Research And Ddevelopement To Revenue0.0780.08020.0606
Slightly volatile
Capex To Revenue0.02860.02420.0382
Slightly volatile
Cash Per Share3.914.24743.0657
Slightly volatile
POCF Ratio24.3829.556417.7893
Slightly volatile
Interest Coverage35.7126.1639.5507
Slightly volatile
Payout Ratio0.150.16250.1979
Slightly volatile
Capex To Operating Cash Flow0.09910.07990.1273
Slightly volatile
PFCF Ratio27.0732.122620.0052
Slightly volatile
Days Payables Outstanding107120104
Slightly volatile
Income Quality1.141.26161.3442
Slightly volatile
ROE1.561.64591.242
Slightly volatile
EV To Operating Cash Flow25.1230.204918.5242
Slightly volatile
PE Ratio27.7937.287323.2594
Slightly volatile
Return On Tangible Assets0.280.25680.2222
Slightly volatile
EV To Free Cash Flow27.8832.827420.8629
Slightly volatile
Earnings Yield0.0360.02680.0491
Slightly volatile
Intangibles To Total Assets0.01610.01920.0218
Pretty Stable
Current Ratio0.990.86731.1811
Slightly volatile
Tangible Book Value Per Share3.953.71163.8518
Pretty Stable
Receivables Turnover6.285.9036.9559
Slightly volatile
Graham Number23.3922.58718.4664
Slightly volatile
Shareholders Equity Per Share3.953.71163.9834
Pretty Stable
Debt To Equity1.791.87231.5881
Slightly volatile
Capex Per Share0.70.61570.5998
Slightly volatile
Revenue Per Share24.3425.484918.0736
Slightly volatile
Interest Debt Per Share7.316.94936.0651
Slightly volatile
Debt To Assets0.320.29220.3043
Slightly volatile
Enterprise Value Over EBITDA22.0726.524717.3921
Slightly volatile
Short Term Coverage Ratios6.995.66385.8188
Slightly volatile
Price Earnings Ratio27.7937.287323.2594
Slightly volatile
Operating Cycle68.8774.475161.5146
Slightly volatile
Price Book Value Ratio43.3761.372432.3196
Slightly volatile
Days Of Payables Outstanding107120104
Slightly volatile
Dividend Payout Ratio0.150.16250.1979
Slightly volatile
Price To Operating Cash Flows Ratio24.3829.556417.7893
Slightly volatile
Price To Free Cash Flows Ratio27.0732.122620.0052
Slightly volatile
Pretax Profit Margin0.30.31580.2863
Slightly volatile
Ebt Per Ebit1.01.00220.9991
Pretty Stable
Operating Profit Margin0.30.31510.2877
Slightly volatile
Effective Tax Rate0.150.24090.2096
Slightly volatile
Company Equity Multiplier5.676.40884.9568
Slightly volatile
Long Term Debt To Capitalization0.610.60090.5331
Slightly volatile
Total Debt To Capitalization0.640.65190.5727
Slightly volatile
Return On Capital Employed0.550.65340.4639
Slightly volatile
Debt Equity Ratio1.791.87231.5881
Slightly volatile
Ebit Per Revenue0.30.31510.2877
Slightly volatile
Quick Ratio0.940.8261.1477
Slightly volatile
Dividend Paid And Capex Coverage Ratio4.254.79134.344
Very volatile
Net Income Per E B T0.850.75910.7902
Slightly volatile
Cash Ratio0.210.16980.251
Slightly volatile
Operating Cash Flow Sales Ratio0.290.30240.298
Slightly volatile
Days Of Inventory Outstanding10.7912.64268.0159
Slightly volatile
Days Of Sales Outstanding58.0861.832653.4987
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.90.92010.8727
Slightly volatile
Cash Flow Coverage Ratios1.01.1090.9255
Slightly volatile
Price To Book Ratio43.3761.372432.3196
Slightly volatile
Fixed Asset Turnover7.058.56038.4117
Slightly volatile
Capital Expenditure Coverage Ratio10.0912.51769.184
Slightly volatile
Price Cash Flow Ratio24.3829.556417.7893
Slightly volatile
Enterprise Value Multiple22.0726.524717.3921
Slightly volatile
Debt Ratio0.320.29220.3043
Slightly volatile
Cash Flow To Debt Ratio1.01.1090.9255
Slightly volatile
Price Sales Ratio7.038.93825.2941
Slightly volatile
Return On Assets0.280.25680.2208
Slightly volatile
Asset Turnover1.091.07140.9666
Slightly volatile
Net Profit Margin0.250.23970.227
Slightly volatile
Gross Profit Margin0.440.46210.4139
Slightly volatile
Price Fair Value43.3761.372432.3196
Slightly volatile
Return On Equity1.561.64591.242
Slightly volatile

Apple Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap7.1 B7.5 B66.4 B
Slightly volatile
Enterprise Value6.4 B6.7 B66.1 B
Slightly volatile

Apple Fundamental Market Drivers

Forward Price Earnings31.6456
Cash And Short Term Investments65.2 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 Revenue8.2 B4.7 B
Total Revenue391 B410.6 B
Cost Of Revenue210.4 B220.9 B
Stock Based Compensation To Revenue 0.03  0.03 
Sales General And Administrative To Revenue 0.07  0.06 
Research And Ddevelopement To Revenue 0.08  0.08 
Capex To Revenue 0.02  0.03 
Revenue Per Share 25.48  24.34 
Ebit Per Revenue 0.32  0.30 

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
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
(0.34)
Dividend Share
0.98
Earnings Share
6.08
Revenue Per Share
25.485
Quarterly Revenue Growth
0.061
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.