Financial Statements

Apple Inc.

Apple Inc. (AAPL)

$459.63
-0.41 (-0.09%)

Income Statement

Quarter data

Balance Sheet Statement

Quarter data
Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Short-term debt -----6,308.008,499.008,105.0011,977.0011,964.005,980.00
Other Assets 4,175.007,346.0010,099.0014,519.0015,481.0017,888.0020,507.0017,040.0032,113.0034,370.0045,330.00
Total current liabilities 11,506.0020,722.0027,970.0038,542.0043,658.0063,448.0080,610.0079,006.00100,814.00115,929.00105,718.00
Cash and cash equivalents 5,263.0011,261.009,815.0010,746.0014,259.0013,844.0021,120.0020,484.0020,289.0025,913.0048,844.00
Long-term debt ----16,960.0028,987.0053,329.0075,427.0097,207.0093,735.0091,807.00
Cash and short-term investments 23,464.0025,620.0025,952.0029,129.0040,546.0025,077.0041,601.0067,155.0074,181.0066,301.00100,557.00
Total debt ----16,960.0035,295.0064,328.0087,032.00115,680.00114,483.00108,047.00
Inventories 455.001,051.00776.00791.001,764.002,111.002,349.002,132.004,855.003,956.004,106.00
Deferred revenue 10,305.002,984.004,091.005,953.007,435.008,491.008,940.008,080.007,548.007,543.005,522.00
Goodwill and Intangible Assets 559.001,083.004,432.005,359.005,756.008,758.009,009.008,620.008,015.00--
Total non-current liabilities 10,113.008,306.0013,800.0021,895.0043,246.0061,162.0090,514.00114,431.00140,458.00141,712.00142,310.00
Total non-current assets 21,608.0033,505.0071,383.00118,411.00133,714.00163,308.00201,101.00214,817.00246,674.00234,386.00175,697.00
Total liabilities 15,861.0027,392.0039,756.0057,854.0083,451.00120,292.00170,990.00193,437.00241,272.00258,578.00248,028.00
Total assets 47,501.0075,183.00116,371.00176,064.00207,000.00231,839.00290,345.00321,686.00375,319.00365,725.00338,516.00
Other comprehensive income --420.00491.00-366.001,324.00308.00-540.00-478.00-245.00-1,291.00
Short-term investments 18,201.0014,359.0016,137.0018,383.0026,287.0011,233.0020,481.0046,671.0053,892.0040,388.0051,713.00
Property, Plant & Equipment Net 2,954.004,768.007,777.0015,452.0016,597.0020,624.0022,471.0027,010.0033,783.0041,304.0037,378.00
Net Debt -5,263.00-11,261.00-9,815.00-10,746.002,701.0021,451.0043,208.0066,548.0095,391.0088,570.0059,203.00
Investments 28,729.0039,750.0071,755.00110,505.00132,502.00141,395.00184,546.00217,101.00248,606.00211,187.00157,054.00
Total shareholders equity 31,640.0047,791.0076,615.00118,210.00123,549.00111,547.00119,355.00128,249.00134,047.00107,147.0090,488.00
Retained earnings (deficit) 23,353.0037,169.0062,841.00101,289.00104,256.0087,152.0092,284.0096,364.0098,330.0070,400.0045,898.00
Long-term investments 10,528.0025,391.0055,618.0092,122.00106,215.00130,162.00164,065.00170,430.00194,714.00170,799.00105,341.00
Receivables 3,361.005,510.005,369.0010,930.0013,102.0017,460.0016,849.0015,754.0017,874.0023,186.0022,926.00
Payables 5,601.0012,015.0014,632.0021,175.0022,367.0030,196.0035,490.0037,294.0044,242.0055,888.0046,236.00
Total current assets 31,555.0041,678.0044,988.0057,653.0073,286.0068,531.0089,378.00106,869.00128,645.00131,339.00162,819.00

Cash Flow Statement

Quarter data
Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Operating Cash Flow 10,159.0018,595.0037,529.0050,856.0053,666.0059,713.0081,266.0066,231.0064,225.0077,434.0069,391.00
Free Cash Flow 8,946.0016,474.0030,077.0041,454.0044,590.0049,900.0069,778.0053,497.0051,774.0064,121.0058,896.00
Capital Expenditure -1,213.00-2,121.00-7,452.00-9,402.00-9,076.00-9,813.00-11,488.00-12,734.00-12,451.00-13,313.00-10,495.00
Depreciation & Amortization 734.001,027.001,814.003,277.006,757.007,946.0011,257.0010,505.0010,157.0010,903.0012,547.00
Acquisitions and disposals --638.00-244.00-350.00-496.00-3,765.00-343.00-297.00-329.00-721.00-624.00
Deferred income taxes 1,040.001,440.002,868.004,405.001,141.002,347.001,382.004,938.005,966.00-32,590.00-340.00
Investment purchases -46,724.00-57,811.00-102,317.00-151,232.00-22,860.00-45,000.00-35,253.00-31,110.00-33,295.00-74,609.00-107,528.00
Accounts payables 92.006,307.002,515.004,467.002,340.005,938.005,400.001,791.009,618.009,175.00-1,923.00
Sales/Maturities of investments -46,718.0020,437.0013,035.0020,317.0018,810.0014,538.0021,258.0031,775.0056,234.0098,724.00
Change in working capital -586.001,212.005,757.00-299.006,478.007,047.0011,647.00405.00-4,923.0034,694.00-3,488.00
Debt repayment 2,997.00-406.00-520.00-1,226.00-1,082.00-1,158.00-1,499.00-2,500.00-3,500.00-6,500.00-8,805.00
Other non-cash items 736.00903.001,168.001,740.002,253.002,863.003,586.004,696.004,674.004,896.005,416.00
Investing Cash Flow -17,434.00-13,854.00-40,419.00-48,227.00-33,774.00-22,579.00-56,274.00-45,977.00-46,446.0016,066.0045,896.00
Cash at beginning of period 11,875.005,263.0011,261.009,815.0010,746.0014,259.0013,844.0021,120.0020,484.0020,289.0025,913.00
Stock-based compensation 710.00879.001,168.001,740.002,253.002,863.003,586.004,210.004,840.005,340.006,068.00
Net cash flow / Change in cash -6,612.005,998.00-1,446.00931.003,513.00-415.007,276.00-636.00-195.005,624.0024,311.00
Effect of forex changes on cash -----------
Financing Cash Flow 663.001,257.001,444.00-1,698.00-16,379.00-37,549.00-17,716.00-20,890.00-17,974.00-87,876.00-90,976.00
Dividend payments ----2,488.00-10,564.00-11,126.00-11,561.00-12,150.00-12,769.00-13,712.00-14,119.00
Accounts receivables -939.00-2,142.00143.00-5,551.00-2,172.00-4,232.00611.001,095.00-2,093.00-5,322.00245.00
Cash at end of period 5,263.0011,261.009,815.0010,746.0014,259.0013,844.0021,120.0020,484.0020,289.0025,913.0050,224.00
Net cash provided by operating activities 10,159.0018,595.0037,529.0050,856.0053,666.0059,713.0081,266.0066,231.0064,225.0077,434.0069,391.00
Other working capital 16,983.0020,956.0017,018.0019,111.0029,628.005,083.008,768.0027,863.0027,831.0014,473.0057,101.00
Inventory 54.00-596.00275.00-15.00-973.00-76.00-238.00217.00-2,723.00828.00-289.00

Retained Earning Schedule

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Retained Earnings (Previous Year) 13,84523,35337,16962,841101,289104,25687,15292,28496,36498,33070,400
Net Income 8,23514,01325,92241,73337,03739,51053,39445,68748,35159,53155,256
Stock Dividends 1,273-197-250-797-23,506-45,488-36,701-29,457-33,616-73,749-65,639
Dividend Paid ----2,488-10,564-11,126-11,561-12,150-12,769-13,712-14,119
Retained Earnings 23,35337,16962,841101,289104,25687,15292,28496,36498,33070,40045,898

PPE Schedule

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gross PPE 2,4552,9544,7687,77715,45216,59720,62422,47127,01033,78341,304
Annual Depreciation 1,7123,93510,46117,07710,22113,84013,33517,27319,22420,8346,569
Capital Expenditure -1,213-2,121-7,452-9,402-9,076-9,813-11,488-12,734-12,451-13,313-10,495
Net PPE 2,9544,7687,77715,45216,59720,62422,47127,01033,78341,30437,378

Intangible and Goodwill Schedule

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Intangible and Goodwill (Previous Year) 5595591,0834,4325,3595,7568,7589,0098,6208,015-
New Purchases -46,724-57,811-102,317-151,232-22,860-45,000-35,253-31,110-33,295-74,609-107,528
Intangible and Goodwill 5591,0834,4325,3595,7568,7589,0098,6208,015--

Apple Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Apple Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.