Cash flow Apple Inc.

Equities

AAPL

US0378331005

Phones & Handheld Devices

Market Closed - Nasdaq Other stock markets 21:00:00 06/09/2024 BST			5-day change	1st Jan Change
220.82 ^USD	-0.70%		-3.57%	+14.69%

09-07	New iPhone will use Arm's chip technology for AI, FT reports	RE
09-06	Apple's iPhone 16 Launch to Trigger 'Biggest Upgrade Cycle' Yet, Wedbush Reiterates	MT

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Published financial data: APPLE INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2019	2020	2021	2022	2023
Revenues	260B	275B	366B	394B	383B
Total Revenues	260B	275B	366B	394B	383B
Cost of Goods Sold, Total	162B	170B	213B	224B	214B
Gross Profit	98.39B	105B	153B	171B	169B
Selling General & Admin Expenses, Total	18.24B	19.92B	21.97B	25.09B	24.93B
R&D Expenses	16.22B	18.75B	21.91B	26.25B	29.92B
Other Operating Expenses, Total	34.46B	38.67B	43.89B	51.34B	54.85B
Operating Income	63.93B	66.29B	109B	119B	114B
Interest Expense, Total	-3.58B	-2.87B	-2.64B	-2.93B	-3.93B
Interest And Investment Income	4.96B	3.76B	2.84B	2.82B	3.75B
Net Interest Expenses	1.38B	890M	198M	-106M	-183M
Currency Exchange Gains (Loss)	-784M	604M	-	-	-
Other Non Operating Income (Expenses)	1.24B	-773M	60M	-228M	-382M
EBT, Excl. Unusual Items	65.77B	67.01B	109B	119B	114B
Gain (Loss) On Sale Of Investments	-31M	82M	-	-	-
EBT, Incl. Unusual Items	65.74B	67.09B	109B	119B	114B
Income Tax Expense	10.48B	9.68B	14.53B	19.3B	16.74B
Earnings From Continuing Operations	55.26B	57.41B	94.68B	99.8B	97B
Net Income to Company	55.26B	57.41B	94.68B	99.8B	97B
Net Income - (IS)	55.26B	57.41B	94.68B	99.8B	97B
Net Income to Common Incl Extra Items	55.26B	57.41B	94.68B	99.8B	97B
Net Income to Common Excl. Extra Items	55.26B	57.41B	94.68B	99.8B	97B
Per Share Items
Net EPS - Basic	2.99	3.31	5.67	6.15	6.16
Basic EPS - Continuing Operations	2.99	3.31	5.67	6.15	6.16
Basic Weighted Average Shares Outstanding	18.47B	17.35B	16.7B	16.22B	15.74B
Net EPS - Diluted	2.97	3.28	5.61	6.11	6.13
Diluted EPS - Continuing Operations	2.97	3.28	5.61	6.11	6.13
Diluted Weighted Average Shares Outstanding	18.6B	17.53B	16.86B	16.33B	15.81B
Normalized Basic EPS	2.23	2.41	4.09	4.59	4.51
Normalized Diluted EPS	2.21	2.39	4.05	4.56	4.5
Dividend Per Share	0.75	0.8	0.85	0.9	0.94
Payout Ratio	25.55	24.53	15.28	14.87	15.49
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	76.48B	77.34B	120B	131B	126B
EBITA	63.93B	66.29B	109B	119B	114B
EBIT	63.93B	66.29B	109B	119B	114B
EBITDAR	77.78B	88.14B	135B	147B	142B
Total Revenues (As Reported)	260B	275B	366B	394B	383B
Effective Tax Rate - (Ratio)	15.94	14.43	13.3	16.2	14.72
Current Domestic Taxes	6.86B	6.76B	9.88B	9.41B	11.02B
Current Foreign Taxes	3.96B	3.13B	9.42B	9B	8.75B
Total Current Taxes	10.82B	9.9B	19.3B	18.4B	19.76B
Deferred Domestic Taxes	-3.01B	-3.6B	-7.51B	-2.18B	-3.69B
Deferred Foreign Taxes	2.67B	3.38B	2.74B	3.08B	669M
Total Deferred Taxes	-340M	-215M	-4.77B	895M	-3.02B
Normalized Net Income	41.1B	41.88B	68.25B	74.44B	71.08B
Interest on Long-Term Debt	3.2B	2.8B	2.6B	2.8B	3.7B
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	16.22B	18.75B	21.91B	26.25B	29.92B
Net Rental Expense, Total	1.3B	10.8B	14.6B	16.8B	15.9B
Imputed Operating Lease Interest Expense	334M	2.16B	2.39B	2.93B	3.9B
Imputed Operating Lease Depreciation	966M	8.64B	12.21B	13.87B	12B
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., R&D Exp. (Total)	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	6.07B	6.83B	7.91B	9.04B	10.83B
Total Stock-Based Compensation	6.07B	6.83B	7.91B	9.04B	10.83B

Fiscal Period: September	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	48.84B	38.02B	34.94B	23.65B	29.96B
Short Term Investments	51.71B	52.93B	27.7B	24.66B	31.59B
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	101B	90.94B	62.64B	48.3B	61.56B
Accounts Receivable, Total	22.93B	16.12B	26.28B	28.18B	29.51B
Other Receivables	22.88B	21.32B	25.23B	32.75B	31.48B
Total Receivables	45.8B	37.44B	51.51B	60.93B	60.98B
Inventory	4.11B	4.06B	6.58B	4.95B	6.33B
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	23M	36M	-	-	-
Other Current Assets, Total	12.33B	11.23B	14.11B	21.22B	14.7B
Total Current Assets	163B	144B	135B	135B	144B
Gross Property Plant And Equipment	95.96B	112B	120B	125B	125B
Accumulated Depreciation	-58.58B	-66.76B	-70.28B	-72.34B	-70.88B
Net Property Plant And Equipment	37.38B	45.34B	49.53B	52.53B	54.38B
Long-term Investments	105B	101B	128B	121B	101B
Goodwill	-	-	-	-	-
Other Intangibles, Total	-	-	-	-	-
Other Long-Term Assets, Total	32.98B	33.95B	38.76B	44.01B	54.1B
Total Assets	339B	324B	351B	353B	353B
Liabilities
Accounts Payable, Total	46.24B	42.3B	54.76B	64.12B	62.61B
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	5.98B	5B	6B	9.98B	5.98B
Current Portion of Long-Term Debt	10.26B	8.77B	9.61B	11.13B	9.82B
Current Portion of Leases	-	1.46B	1.53B	1.66B	1.58B
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	5.52B	6.64B	7.61B	7.91B	8.06B
Other Current Liabilities	37.72B	41.22B	45.96B	59.18B	57.25B
Total Current Liabilities	106B	105B	125B	154B	145B
Long-Term Debt	91.81B	98.67B	109B	98.96B	95.28B
Long-Term Leases	-	8.38B	10.28B	10.75B	11.27B
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	50.5B	46.11B	43.05B	38.39B	38.58B
Total Liabilities	248B	259B	288B	302B	290B
Common Stock, Total	45.17B	50.78B	57.36B	64.85B	73.81B
Retained Earnings	45.9B	14.97B	5.56B	-3.07B	-214M
Comprehensive Income and Other	-584M	-406M	163M	-11.11B	-11.45B
Total Common Equity	90.49B	65.34B	63.09B	50.67B	62.15B
Total Equity	90.49B	65.34B	63.09B	50.67B	62.15B
Total Liabilities And Equity	339B	324B	351B	353B	353B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	17.77B	17B	16.41B	15.91B	15.55B
ECS Total Common Shares Outstanding	17.77B	16.98B	16.43B	15.94B	15.55B
Book Value / Share	5.09	3.85	3.84	3.18	4
Tangible Book Value	90.49B	65.34B	63.09B	50.67B	62.15B
Tangible Book Value Per Share	5.09	3.85	3.84	3.18	4
Total Debt	108B	122B	137B	132B	124B
Net Debt	-97.85B	-69.55B	-53.99B	-36.63B	-38.17B
Debt Equivalent Oper. Leases	10.4B	86.4B	117B	134B	127B
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Land - (BS)	17.08B	17.95B	20.04B	22.13B	23.45B
Machinery, Total	69.8B	75.29B	78.66B	81.06B	78.31B
Full Time Employees	137K	147K	154K	164K	161K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: September	2019	2020	2021	2022	2023
Net Income	55.26B	57.41B	94.68B	99.8B	97B
Depreciation & Amortization - CF	12.55B	11.06B	11.28B	11.1B	11.52B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	12.55B	11.06B	11.28B	11.1B	11.52B
Stock-Based Compensation (CF)	6.07B	6.83B	7.91B	9.04B	10.83B
Other Operating Activities, Total	-992M	-312M	-4.92B	1.01B	-2.23B
Change In Accounts Receivable	245M	6.92B	-10.12B	-1.82B	-1.69B
Change In Inventories	-289M	-127M	-2.64B	1.48B	-1.62B
Change In Accounts Payable	-1.92B	-4.06B	12.33B	9.45B	-1.89B
Change in Unearned Revenues	-625M	2.08B	1.68B	478M	-
Change in Other Net Operating Assets	-896M	881M	-6.15B	-8.39B	-1.38B
Cash from Operations	69.39B	80.67B	104B	122B	111B
Capital Expenditure	-10.5B	-7.31B	-11.08B	-10.71B	-10.96B
Cash Acquisitions	-624M	-1.52B	-33M	-306M	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	58.09B	5.34B	-2.82B	-9.56B	16B
Other Investing Activities, Total	-1.08B	-791M	-608M	-1.78B	-1.34B
Cash from Investing	45.9B	-4.29B	-14.54B	-22.35B	3.7B
Short Term Debt Issued, Total	-	-	1.02B	3.96B	-
Long-Term Debt Issued, Total	6.96B	16.09B	20.39B	5.46B	5.23B
Total Debt Issued	6.96B	16.09B	21.42B	9.42B	5.23B
Short Term Debt Repaid, Total	-5.98B	-963M	-	-	-3.98B
Long-Term Debt Repaid, Total	-8.8B	-12.63B	-8.75B	-9.54B	-11.15B
Total Debt Repaid	-14.78B	-13.59B	-8.75B	-9.54B	-15.13B
Issuance of Common Stock	781M	880M	1.1B	-	-
Repurchase of Common Stock	-69.71B	-75.99B	-92.53B	-95.62B	-82.98B
Common Dividends Paid	-14.12B	-14.08B	-14.47B	-14.84B	-15.02B
Common & Preferred Stock Dividends Paid	-14.12B	-14.08B	-14.47B	-14.84B	-15.02B
Other Financing Activities, Total	-105M	-126M	-129M	-160M	-581M
Cash from Financing	-90.98B	-86.82B	-93.35B	-111B	-108B
Net Change in Cash	24.31B	-10.44B	-3.86B	-10.95B	5.76B
Supplemental Items
Cash Interest Paid	3.42B	3B	2.69B	2.86B	3.8B
Cash Income Tax Paid (Refund)	15.26B	9.5B	25.38B	19.57B	18.68B
Levered Free Cash Flow	42.91B	60.39B	73.3B	90.22B	82.18B
Unlevered Free Cash Flow	45.15B	62.18B	74.95B	92.05B	84.64B
Change In Net Working Capital	2.93B	-10.18B	1.25B	-7.96B	-1.81B
Net Debt Issued / Repaid	-7.82B	2.5B	12.66B	-123M	-9.9B

Fiscal Period: September	2019	2020	2021	2022	2023
Profitability
Return on Assets	11.35	12.51	20.18	21.21	20.26
Return on Total Capital	19.02	21.46	35.17	39	38.7
Return On Equity %	55.92	73.69	147.44	175.46	171.95
Return on Common Equity	55.92	73.69	147.44	175.46	171.95
Margin Analysis
Gross Profit Margin %	37.82	38.23	41.78	43.31	44.13
SG&A Margin	7.01	7.25	6.01	6.36	6.5
EBITDA Margin %	29.39	28.17	32.87	33.1	32.83
EBITA Margin %	24.57	24.15	29.78	30.29	29.82
EBIT Margin %	24.57	24.15	29.78	30.29	29.82
Income From Continuing Operations Margin %	21.24	20.91	25.88	25.31	25.31
Net Income Margin %	21.24	20.91	25.88	25.31	25.31
Net Avail. For Common Margin %	21.24	20.91	25.88	25.31	25.31
Normalized Net Income Margin	15.8	15.26	18.66	18.88	18.55
Levered Free Cash Flow Margin	16.49	22	20.04	22.88	21.44
Unlevered Free Cash Flow Margin	17.35	22.65	20.49	23.34	22.08
Asset Turnover
Asset Turnover	0.74	0.83	1.08	1.12	1.09
Fixed Assets Turnover	6.61	6.64	7.71	7.73	7.17
Receivables Turnover (Average Receivables)	11.28	14.06	17.26	14.48	13.29
Inventory Turnover (Average Inventory)	40.13	41.52	40.03	38.79	37.98
Short Term Liquidity
Current Ratio	1.54	1.36	1.07	0.88	0.99
Quick Ratio	1.38	1.22	0.91	0.71	0.84
Operating Cash Flow to Current Liabilities	0.66	0.77	0.83	0.79	0.76
Days Sales Outstanding (Average Receivables)	32.26	25.89	21.09	25.14	27.92
Days Outstanding Inventory (Average Inventory)	9.07	8.77	9.09	9.38	9.77
Average Days Payable Outstanding	114.78	95.05	81.97	97.5	109.07
Cash Conversion Cycle (Average Days)	-73.45	-60.4	-51.78	-62.98	-71.38
Long Term Solvency
Total Debt/Equity	119.4	187.14	216.39	261.45	199.42
Total Debt / Total Capital	54.42	65.17	68.39	72.33	66.6
LT Debt/Equity	101.46	163.84	189.22	216.5	171.45
Long-Term Debt / Total Capital