Free Cash Flow Build Up

Apple Inc

Apple Inc (AAPL)

$139.07
2.2 (+1.61%)
Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 170,910.00182,795.00233,715.00215,639.00229,234.00265,595.00260,174.00274,515.00295,187.38317,416.49341,319.57367,022.68394,661.36
EBITDA 57,048.0061,813.0084,505.0073,333.0076,569.0087,046.0081,860.0081,020.0097,600.95104,950.80112,854.13121,352.62130,491.10
EBIT 50,291.0053,867.0073,248.0062,828.0066,412.0076,143.0069,313.0069,964.0084,548.2990,915.2197,761.58105,123.53113,039.87
Tax Rate 26.15%26.13%26.37%25.56%24.56%18.34%15.94%14.43%22.18%22.18%22.18%22.18%22.18%
EBIAT 37,137.4339,793.6853,933.7246,770.8950,103.5562,176.7158,261.8559,869.4865,791.5470,745.9876,073.5281,802.2487,962.37
Depreciation 6,757.007,946.0011,257.0010,505.0010,157.0010,903.0012,547.0011,056.0013,052.6614,035.6015,092.5516,229.0917,451.23
Accounts Receivable --4,358.00611.001,095.00-2,120.00-5,312.00260.006,806.00-7,105.24-1,748.98-1,880.69-2,022.31-2,174.60
Inventories --347.00-238.00217.00-2,723.00899.00-150.0045.0059.13-301.36-324.06-348.46-374.70
Accounts Payable -7,829.005,294.001,804.0011,755.006,839.00-9,652.00-3,940.008,514.633,826.304,114.444,424.284,757.45
Capital Expenditure -9,076.00-9,813.00-11,488.00-12,734.00-12,795.00-13,313.00-10,495.007,309.00-12,347.99-13,277.85-14,277.74-15,352.93-16,509.08
UFCF 34,818.4341,050.6759,369.7247,657.8954,377.5562,192.7150,771.8581,145.4867,964.7473,279.6878,798.0284,731.9191,112.66
WACC
PV UFCF 53,500.6151,179.5248,827.6146,583.7844,443.07
SUM PV UFCF 275,614.94