Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Apple.
Income Statement
| Breakdown | September 30, 2024 | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 | September 30, 2019 | September 30, 2018 | September 30, 2017 | September 30, 2016 | September 30, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $391.04B | $383.29B | $394.33B | $365.82B | $274.51B | $260.17B | $265.60B | $229.23B | $215.64B | $233.72B |
| Cost of Revenue | $210.35B | $214.14B | $223.55B | $212.98B | $169.56B | $161.78B | $163.76B | $141.05B | $131.38B | $140.09B |
| Gross Profit | $180.68B | $169.15B | $170.78B | $152.84B | $104.96B | $98.39B | $101.84B | $88.19B | $84.26B | $93.63B |
| Gross Profit Ratio | 46.21% | 44.10% | 43.31% | 41.80% | 38.23% | 37.82% | 38.34% | 38.47% | 39.08% | 40.06% |
| Research and Development Expenses | $31.37B | $29.91B | $26.25B | $21.91B | $18.75B | $16.22B | $14.24B | $11.58B | $10.04B | $8.07B |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $16.70B | $15.26B | $14.19B | $14.33B |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $26.10B | $24.93B | $25.09B | $21.97B | $19.92B | $18.25B | $16.70B | $15.26B | $14.19B | $14.33B |
| Other Expenses | $- | $- | $-334.00M | $258.00M | $803.00M | $1.81B | $2.00B | $2.75B | $1.35B | $1.28B |
| Operating Expenses | $57.47B | $54.85B | $51.34B | $43.89B | $38.67B | $34.46B | $30.94B | $26.84B | $24.24B | $22.40B |
| Cost and Expenses | $267.82B | $268.98B | $274.89B | $256.87B | $208.23B | $196.24B | $194.70B | $167.89B | $155.62B | $162.49B |
| Interest Income | $- | $3.75B | $2.83B | $2.84B | $3.76B | $4.96B | $5.69B | $5.20B | $4.00B | $2.92B |
| Interest Expense | $- | $3.93B | $2.93B | $2.65B | $2.87B | $3.58B | $3.24B | $2.32B | $1.46B | $733.00M |
| Depreciation and Amortization | $11.45B | $11.52B | $11.10B | $11.28B | $11.06B | $12.55B | $10.90B | $10.16B | $10.51B | $11.26B |
| EBITDA | $134.66B | $125.82B | $130.54B | $120.23B | $77.34B | $76.48B | $81.80B | $71.50B | $70.53B | $82.49B |
| EBITDA Ratio | 34.44% | 32.83% | 33.10% | 32.87% | 28.17% | 29.39% | 30.80% | 31.19% | 32.71% | 35.29% |
| Operating Income | $123.22B | $114.30B | $119.44B | $108.95B | $66.29B | $63.93B | $70.90B | $61.34B | $60.02B | $71.23B |
| Operating Income Ratio | 31.51% | 29.82% | 30.29% | 29.78% | 24.15% | 24.57% | 26.69% | 26.76% | 27.84% | 30.48% |
| Total Other Income Expenses Net | $269.00M | $-565.00M | $-334.00M | $258.00M | $803.00M | $1.81B | $2.00B | $2.75B | $1.35B | $1.28B |
| Income Before Tax | $123.48B | $113.74B | $119.10B | $109.21B | $67.09B | $65.74B | $72.90B | $64.09B | $61.37B | $72.52B |
| Income Before Tax Ratio | 31.58% | 29.67% | 30.20% | 29.85% | 24.44% | 25.27% | 27.45% | 27.96% | 28.46% | 31.03% |
| Income Tax Expense | $29.75B | $16.74B | $19.30B | $14.53B | $9.68B | $10.48B | $13.37B | $15.74B | $15.69B | $19.12B |
| Net Income | $93.74B | $97.00B | $99.80B | $94.68B | $57.41B | $55.26B | $59.53B | $48.35B | $45.69B | $53.39B |
| Net Income Ratio | 23.97% | 25.31% | 25.31% | 25.88% | 20.91% | 21.24% | 22.41% | 21.09% | 21.19% | 22.85% |
| EPS | $6.11 | $6.16 | $6.15 | $5.67 | $3.31 | $2.99 | $3.00 | $2.32 | $2.09 | $2.32 |
| EPS Diluted | $6.08 | $6.13 | $6.11 | $5.61 | $3.28 | $2.97 | $2.98 | $2.30 | $2.08 | $2.31 |
| Weighted Average Shares Outstanding | 15.34B | 15.74B | 16.22B | 16.70B | 17.35B | 18.47B | 19.82B | 20.87B | 21.88B | 23.01B |
| Weighted Average Shares Outstanding Diluted | 15.41B | 15.81B | 16.33B | 16.86B | 17.53B | 18.60B | 20.00B | 21.01B | 22.00B | 23.17B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | September 30, 2024 | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 | September 30, 2019 | September 30, 2018 | September 30, 2017 | September 30, 2016 | September 30, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $29.94B | $29.96B | $23.65B | $34.94B | $38.02B | $48.84B | $25.91B | $20.29B | $20.48B | $21.12B |
| Short Term Investments | $35.23B | $31.59B | $24.66B | $27.70B | $52.93B | $51.71B | $40.39B | $53.89B | $46.67B | $20.48B |
| Cash and Short Term Investments | $65.17B | $61.55B | $48.30B | $62.64B | $90.94B | $100.56B | $66.30B | $74.18B | $67.16B | $41.60B |
| Net Receivables | $66.24B | $60.98B | $60.93B | $51.51B | $37.45B | $45.80B | $48.99B | $35.67B | $29.30B | $30.34B |
| Inventory | $7.29B | $6.33B | $4.95B | $6.58B | $4.06B | $4.11B | $3.96B | $4.86B | $2.13B | $2.35B |
| Other Current Assets | $14.29B | $14.70B | $21.22B | $14.11B | $11.26B | $12.35B | $12.09B | $13.94B | $8.28B | $15.09B |
| Total Current Assets | $152.99B | $143.57B | $135.41B | $134.84B | $143.71B | $162.82B | $131.34B | $128.65B | $106.87B | $89.38B |
| Property Plant Equipment Net | $45.68B | $43.72B | $42.12B | $39.44B | $36.77B | $37.38B | $41.30B | $33.78B | $27.01B | $22.47B |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $5.72B | $5.41B | $5.12B |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $2.30B | $3.21B | $3.89B |
| Goodwill and Intangible Assets | $- | $- | $-15.38B | $- | $- | $- | $- | $8.02B | $8.62B | $9.01B |
| Long Term Investments | $91.48B | $100.54B | $120.81B | $127.88B | $100.89B | $105.34B | $170.80B | $194.71B | $170.43B | $164.06B |
| Tax Assets | $19.50B | $17.85B | $15.38B | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $55.34B | $46.91B | $54.43B | $48.85B | $42.52B | $32.98B | $22.28B | $10.16B | $8.76B | $5.56B |
| Total Non-Current Assets | $211.99B | $209.02B | $217.35B | $216.17B | $180.18B | $175.70B | $234.39B | $246.67B | $214.82B | $201.10B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $364.98B | $352.58B | $352.75B | $351.00B | $323.89B | $338.52B | $365.73B | $375.32B | $321.69B | $290.48B |
| Account Payables | $68.96B | $62.61B | $64.11B | $54.76B | $42.30B | $46.24B | $55.89B | $44.24B | $37.29B | $35.49B |
| Short Term Debt | $20.88B | $17.38B | $22.77B | $17.14B | $15.23B | $16.24B | $20.75B | $18.47B | $11.61B | $11.00B |
| Tax Payables | $26.60B | $8.82B | $6.55B | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $8.25B | $8.06B | $7.91B | $7.61B | $6.64B | $5.52B | $7.54B | $7.55B | $8.08B | $8.94B |
| Other Current Liabilities | $51.70B | $48.44B | $52.63B | $45.97B | $41.22B | $37.72B | $32.69B | $30.55B | $22.03B | $25.18B |
| Total Current Liabilities | $176.39B | $145.31B | $153.98B | $125.48B | $105.39B | $105.72B | $116.87B | $100.81B | $79.01B | $80.61B |
| Long Term Debt | $85.75B | $106.55B | $109.71B | $119.38B | $107.05B | $91.81B | $93.73B | $97.21B | $75.43B | $53.46B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $2.80B | $2.84B | $2.93B | $3.62B |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $426.00M | $31.50B | $26.02B | $24.06B |
| Other Non-Current Liabilities | $45.89B | $38.58B | $38.39B | $43.05B | $46.11B | $50.50B | $44.75B | $8.91B | $10.05B | $9.37B |
| Total Non-Current Liabilities | $131.64B | $145.13B | $148.10B | $162.43B | $153.16B | $142.31B | $141.71B | $140.46B | $114.43B | $90.51B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $308.03B | $290.44B | $302.08B | $287.91B | $258.55B | $248.03B | $258.58B | $241.27B | $193.44B | $171.12B |
| Preferred Stock | $- | $- | $61.78B | $62.93B | $65.75B | $91.07B | $- | $- | $- | $- |
| Common Stock | $83.28B | $73.81B | $64.85B | $57.37B | $50.78B | $45.17B | $40.20B | $35.87B | $31.25B | $27.42B |
| Retained Earnings | $-19.15B | $-214.00M | $-3.07B | $5.56B | $14.97B | $45.90B | $70.40B | $98.33B | $96.36B | $92.28B |
| Accumulated Other Comprehensive Income Loss | $-7.17B | $-11.45B | $-11.11B | $163.00M | $-406.00M | $-584.00M | $-3.45B | $-150.00M | $634.00M | $-345.00M |
| Other Total Stockholders Equity | $- | $- | $-61.78B | $-62.93B | $-65.75B | $-91.07B | $- | $- | $- | $- |
| Total Stockholders Equity | $56.95B | $62.15B | $50.67B | $63.09B | $65.34B | $90.49B | $107.15B | $134.05B | $128.25B | $119.36B |
| Total Equity | $56.95B | $62.15B | $50.67B | $63.09B | $65.34B | $90.49B | $107.15B | $134.05B | $128.25B | $119.36B |
| Total Liabilities and Stockholders Equity | $364.98B | $352.58B | $352.75B | $351.00B | $323.89B | $338.52B | $365.73B | $375.32B | $321.69B | $290.48B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $364.98B | $352.58B | $352.75B | $351.00B | $323.89B | $338.52B | $365.73B | $375.32B | $321.69B | $290.48B |
| Total Investments | $126.71B | $132.13B | $145.46B | $155.58B | $153.81B | $157.05B | $211.19B | $248.61B | $217.10B | $184.55B |
| Total Debt | $106.63B | $123.93B | $120.07B | $124.72B | $112.44B | $108.05B | $114.48B | $115.68B | $87.03B | $64.46B |
| Net Debt | $76.69B | $93.97B | $96.42B | $89.78B | $74.42B | $59.20B | $88.57B | $95.39B | $66.55B | $43.34B |
Cash Flow Statement
| Breakdown | September 30, 2024 | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 | September 30, 2019 | September 30, 2018 | September 30, 2017 | September 30, 2016 | September 30, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $93.74B | $97.00B | $99.80B | $94.68B | $57.41B | $55.26B | $59.53B | $48.35B | $45.69B | $53.39B |
| Depreciation and Amortization | $11.45B | $11.52B | $11.10B | $11.28B | $11.06B | $12.55B | $10.90B | $10.16B | $10.51B | $11.26B |
| Deferred Income Tax | $- | $- | $895.00M | $-4.77B | $-215.00M | $-340.00M | $-32.59B | $5.97B | $4.94B | $1.38B |
| Stock Based Compensation | $11.69B | $10.83B | $9.04B | $7.91B | $6.83B | $6.07B | $5.34B | $4.84B | $4.21B | $3.59B |
| Change in Working Capital | $3.65B | $-6.58B | $1.20B | $-4.91B | $5.69B | $-3.49B | $34.69B | $-5.55B | $484.00M | $11.65B |
| Accounts Receivables | $-5.14B | $-1.69B | $-1.82B | $-10.12B | $6.92B | $245.00M | $-5.32B | $-2.09B | $1.09B | $611.00M |
| Inventory | $-1.05B | $-1.62B | $1.48B | $-2.64B | $-127.00M | $-289.00M | $828.00M | $-2.72B | $217.00M | $-238.00M |
| Accounts Payables | $6.02B | $-1.89B | $9.45B | $12.33B | $-4.06B | $-1.92B | $9.18B | $9.62B | $1.79B | $5.40B |
| Other Working Capital | $3.82B | $-1.38B | $-7.91B | $-4.47B | $2.96B | $-1.52B | $30.01B | $-10.35B | $-2.62B | $5.87B |
| Other Non Cash Items | $-2.27B | $-2.23B | $111.00M | $-147.00M | $-97.00M | $-652.00M | $-444.00M | $-166.00M | $5.99B | $7.81B |
| Net Cash Provided by Operating Activities | $118.25B | $110.54B | $122.15B | $104.04B | $80.67B | $69.39B | $77.43B | $63.60B | $65.82B | $81.27B |
| Investments in Property Plant and Equipment | $-9.45B | $-10.96B | $-10.71B | $-11.09B | $-7.31B | $-10.49B | $-13.31B | $-12.79B | $-13.55B | $-11.49B |
| Acquisitions Net | $- | $- | $-306.00M | $-33.00M | $-1.52B | $-624.00M | $-721.00M | $-329.00M | $-297.00M | $-343.00M |
| Purchases of Investments | $-48.66B | $-29.51B | $-76.92B | $-109.56B | $-115.15B | $-40.63B | $-73.23B | $-159.88B | $-143.82B | $-166.40B |
| Sales Maturities of Investments | $62.35B | $45.51B | $67.36B | $106.48B | $120.48B | $98.72B | $104.07B | $126.34B | $111.79B | $121.98B |
| Other Investing Activities | $-1.31B | $-1.34B | $-1.78B | $-352.00M | $-791.00M | $-1.08B | $-745.00M | $220.00M | $-110.00M | $-26.00M |
| Net Cash Used for Investing Activities | $2.94B | $3.71B | $-22.35B | $-14.54B | $-4.29B | $45.90B | $16.07B | $-46.45B | $-45.98B | $-56.27B |
| Debt Repayment | $-6.00B | $-9.90B | $-123.00M | $12.66B | $2.50B | $-7.82B | $432.00M | $29.01B | $22.06B | $29.30B |
| Common Stock Issued | $- | $- | $- | $1.10B | $880.00M | $781.00M | $669.00M | $555.00M | $495.00M | $543.00M |
| Common Stock Repurchased | $-94.95B | $-77.55B | $-89.40B | $-85.97B | $-72.36B | $-66.90B | $-72.74B | $-32.90B | $-29.72B | $-35.25B |
| Dividends Paid | $-15.23B | $-15.03B | $-14.84B | $-14.47B | $-14.08B | $-14.12B | $-13.71B | $-12.77B | $-12.15B | $-11.56B |
| Other Financing Activities | $-5.80B | $-6.01B | $-6.38B | $-5.58B | $-2.88B | $-2.92B | $-2.53B | $-1.25B | $-1.16B | $-750.00M |
| Net Cash Used Provided by Financing Activities | $-121.98B | $-108.49B | $-110.75B | $-93.35B | $-86.82B | $-90.98B | $-87.88B | $-17.35B | $-20.48B | $-17.72B |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-794.00M | $5.76B | $-10.95B | $-3.86B | $-10.44B | $24.31B | $5.62B | $-195.00M | $-636.00M | $7.28B |
| Cash at End of Period | $29.94B | $30.74B | $24.98B | $35.93B | $39.79B | $50.22B | $25.91B | $20.29B | $20.48B | $21.12B |
| Cash at Beginning of Period | $30.74B | $24.98B | $35.93B | $39.79B | $50.22B | $25.91B | $20.29B | $20.48B | $21.12B | $13.84B |
| Operating Cash Flow | $118.25B | $110.54B | $122.15B | $104.04B | $80.67B | $69.39B | $77.43B | $63.60B | $65.82B | $81.27B |
| Capital Expenditure | $-9.45B | $-10.96B | $-10.71B | $-11.09B | $-7.31B | $-10.49B | $-13.31B | $-12.79B | $-13.55B | $-11.49B |
| Free Cash Flow | $108.81B | $99.58B | $111.44B | $92.95B | $73.36B | $58.90B | $64.12B | $50.80B | $52.28B | $69.78B |