Cash flow Apple Inc.

Equities

AAPL

US0378331005

Phones & Handheld Devices

Market Closed - Nasdaq Other stock markets 04:00:00 2025-01-17 pm EST			5-day change	1st Jan Change
229.98 ^USD	+0.75%		-1.89%	-8.16%

04:27am	Apple about to fall from its pedestal?
02:29am	Apple's Smartphone Sales Slump in China as Huawei Gains Market Share	DJ

591cf8d76ef4754c24170fc.FuCGfzdcUZUEjYqtOn_A8MxxO_qD1gdIDo9_eO8Y9Gk.U4f0EXo1NexV3e-VAy2anJQWDZvCu2ILfb0WP41UqxEj2eApTgwWxDTa7Q

Published financial data: APPLE INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2020	2021	2022	2023	2024
Revenues	275B	366B	394B	383B	391B
Total Revenues	275B	366B	394B	383B	391B
Cost of Goods Sold, Total	170B	213B	224B	214B	210B
Gross Profit	105B	153B	171B	169B	181B
Selling General & Admin Expenses, Total	19.92B	21.97B	25.09B	24.93B	26.1B
R&D Expenses	18.75B	21.91B	26.25B	29.92B	31.37B
Other Operating Expenses, Total	38.67B	43.89B	51.34B	54.85B	57.47B
Operating Income	66.29B	109B	119B	114B	123B
Interest Expense, Total	-2.87B	-2.64B	-2.93B	-3.93B	-
Interest And Investment Income	3.76B	2.84B	2.82B	3.75B	-
Net Interest Expenses	890M	198M	-106M	-183M	-
Currency Exchange Gains (Loss)	604M	-	-	-	-
Other Non Operating Income (Expenses)	-773M	60M	-228M	-382M	269M
EBT, Excl. Unusual Items	67.01B	109B	119B	114B	123B
Gain (Loss) On Sale Of Investments	82M	-	-	-	-
EBT, Incl. Unusual Items	67.09B	109B	119B	114B	123B
Income Tax Expense	9.68B	14.53B	19.3B	16.74B	29.75B
Earnings From Continuing Operations	57.41B	94.68B	99.8B	97B	93.74B
Net Income to Company	57.41B	94.68B	99.8B	97B	93.74B
Net Income - (IS)	57.41B	94.68B	99.8B	97B	93.74B
Net Income to Common Incl Extra Items	57.41B	94.68B	99.8B	97B	93.74B
Net Income to Common Excl. Extra Items	57.41B	94.68B	99.8B	97B	93.74B
Per Share Items
Net EPS - Basic	3.31	5.67	6.15	6.16	6.11
Basic EPS - Continuing Operations	3.31	5.67	6.15	6.16	6.11
Basic Weighted Average Shares Outstanding	17.35B	16.7B	16.22B	15.74B	15.34B
Net EPS - Diluted	3.28	5.61	6.11	6.13	6.08
Diluted EPS - Continuing Operations	3.28	5.61	6.11	6.13	6.08
Diluted Weighted Average Shares Outstanding	17.53B	16.86B	16.33B	15.81B	15.41B
Normalized Basic EPS	2.41	4.09	4.59	4.51	5.03
Normalized Diluted EPS	2.39	4.05	4.56	4.5	5.01
Dividend Per Share	0.8	0.85	0.9	0.94	0.98
Payout Ratio	24.53	15.28	14.87	15.49	16.25
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	77.34B	120B	131B	126B	135B
EBITA	66.29B	109B	119B	114B	123B
EBIT	66.29B	109B	119B	114B	123B
EBITDAR	88.14B	135B	147B	142B	150B
Total Revenues (As Reported)	275B	366B	394B	383B	391B
Effective Tax Rate - (Ratio)	14.43	13.3	16.2	14.72	24.09
Current Domestic Taxes	6.76B	9.88B	9.41B	11.02B	7.3B
Current Foreign Taxes	3.13B	9.42B	9B	8.75B	25.48B
Total Current Taxes	9.9B	19.3B	18.4B	19.76B	32.78B
Deferred Domestic Taxes	-3.6B	-7.51B	-2.18B	-3.69B	-3.38B
Deferred Foreign Taxes	3.38B	2.74B	3.08B	669M	347M
Total Deferred Taxes	-215M	-4.77B	895M	-3.02B	-3.03B
Normalized Net Income	41.88B	68.25B	74.44B	71.08B	77.18B
Interest on Long-Term Debt	2.8B	2.6B	2.8B	3.7B	-
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	18.75B	21.91B	26.25B	29.92B	31.37B
Net Rental Expense, Total	10.8B	14.6B	16.8B	15.9B	15.8B
Imputed Operating Lease Interest Expense	2.16B	2.39B	2.93B	3.9B	-
Imputed Operating Lease Depreciation	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)	6.83B	7.91B	9.04B	10.83B	11.69B
Total Stock-Based Compensation	6.83B	7.91B	9.04B	10.83B	11.69B

Fiscal Period: September	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	38.02B	34.94B	23.65B	29.96B	29.94B
Short Term Investments	52.93B	27.7B	24.66B	31.59B	35.23B
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	90.94B	62.64B	48.3B	61.56B	65.17B
Accounts Receivable, Total	16.12B	26.28B	28.18B	29.51B	33.41B
Other Receivables	21.32B	25.23B	32.75B	31.48B	32.83B
Total Receivables	37.44B	51.51B	60.93B	60.98B	66.24B
Inventory	4.06B	6.58B	4.95B	6.33B	7.29B
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	36M	-	-	-	-
Other Current Assets, Total	11.23B	14.11B	21.22B	14.7B	14.29B
Total Current Assets	144B	135B	135B	144B	153B
Gross Property Plant And Equipment	112B	120B	125B	125B	119B
Accumulated Depreciation	-66.76B	-70.28B	-72.34B	-70.88B	-73.45B
Net Property Plant And Equipment	45.34B	49.53B	52.53B	54.38B	45.68B
Long-term Investments	101B	128B	121B	101B	91.48B
Goodwill	-	-	-	-	-
Other Intangibles, Total	-	-	-	-	-
Deferred Tax Assets Long-Term	-	-	-	-	19.5B
Other Long-Term Assets, Total	33.95B	38.76B	44.01B	54.1B	55.34B
Total Assets	324B	351B	353B	353B	365B
Liabilities
Accounts Payable, Total	42.3B	54.76B	64.12B	62.61B	68.96B
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	5B	6B	9.98B	5.98B	9.97B
Current Portion of Long-Term Debt	8.77B	9.61B	11.13B	9.82B	10.91B
Current Portion of Leases	1.46B	1.53B	1.66B	1.58B	1.63B
Current Income Taxes Payable	-	-	-	-	26.6B
Unearned Revenue Current, Total	6.64B	7.61B	7.91B	8.06B	8.25B
Other Current Liabilities	41.22B	45.96B	59.18B	57.25B	50.07B
Total Current Liabilities	105B	125B	154B	145B	176B
Long-Term Debt	98.67B	109B	98.96B	95.28B	85.75B
Long-Term Leases	8.38B	10.28B	10.75B	11.27B	10.8B
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	46.11B	43.05B	38.39B	38.58B	35.09B
Total Liabilities	259B	288B	302B	290B	308B
Common Stock, Total	50.78B	57.36B	64.85B	73.81B	83.28B
Retained Earnings	14.97B	5.56B	-3.07B	-214M	-19.15B
Comprehensive Income and Other	-406M	163M	-11.11B	-11.45B	-7.17B
Total Common Equity	65.34B	63.09B	50.67B	62.15B	56.95B
Total Equity	65.34B	63.09B	50.67B	62.15B	56.95B
Total Liabilities And Equity	324B	351B	353B	353B	365B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	17B	16.41B	15.91B	15.55B	15.12B
ECS Total Common Shares Outstanding	16.98B	16.43B	15.94B	15.55B	15.12B
Book Value / Share	3.85	3.84	3.18	4	3.77
Tangible Book Value	65.34B	63.09B	50.67B	62.15B	56.95B
Tangible Book Value Per Share	3.85	3.84	3.18	4	3.77
Total Debt	122B	137B	132B	124B	119B
Net Debt	-69.55B	-53.99B	-36.63B	-38.17B	-37.59B
Debt Equivalent Oper. Leases	86.4B	117B	134B	127B	126B
Account Code - Inventory Valuation	5	5	5	5	5
Land - (BS)	17.95B	20.04B	22.13B	23.45B	24.69B
Machinery, Total	75.29B	78.66B	81.06B	78.31B	80.2B
Full Time Employees	147K	154K	164K	161K	164K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: September	2020	2021	2022	2023	2024
Net Income	57.41B	94.68B	99.8B	97B	93.74B
Depreciation & Amortization - CF	11.06B	11.28B	11.1B	11.52B	11.44B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	11.06B	11.28B	11.1B	11.52B	11.44B
Stock-Based Compensation (CF)	6.83B	7.91B	9.04B	10.83B	11.69B
Other Operating Activities, Total	-312M	-4.92B	1.01B	-2.23B	-2.27B
Change In Accounts Receivable	6.92B	-10.12B	-1.82B	-1.69B	-3.79B
Change In Inventories	-127M	-2.64B	1.48B	-1.62B	-1.05B
Change In Accounts Payable	-4.06B	12.33B	9.45B	-1.89B	6.02B
Change in Unearned Revenues	2.08B	1.68B	478M	-	-
Change in Other Net Operating Assets	881M	-6.15B	-8.39B	-1.38B	2.46B
Cash from Operations	80.67B	104B	122B	111B	118B
Capital Expenditure	-7.31B	-11.08B	-10.71B	-10.96B	-9.45B
Cash Acquisitions	-1.52B	-33M	-306M	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	5.34B	-2.82B	-9.56B	16B	13.69B
Other Investing Activities, Total	-791M	-608M	-1.78B	-1.34B	-1.31B
Cash from Investing	-4.29B	-14.54B	-22.35B	3.7B	2.94B
Short Term Debt Issued, Total	-	1.02B	3.96B	-	3.96B
Long-Term Debt Issued, Total	16.09B	20.39B	5.46B	5.23B	-
Total Debt Issued	16.09B	21.42B	9.42B	5.23B	3.96B
Short Term Debt Repaid, Total	-963M	-	-	-3.98B	-
Long-Term Debt Repaid, Total	-12.63B	-8.75B	-9.54B	-11.15B	-9.96B
Total Debt Repaid	-13.59B	-8.75B	-9.54B	-15.13B	-9.96B
Issuance of Common Stock	880M	1.1B	-	-	-
Repurchase of Common Stock	-75.99B	-92.53B	-95.62B	-82.98B	-100B
Common Dividends Paid	-14.08B	-14.47B	-14.84B	-15.02B	-15.23B
Common & Preferred Stock Dividends Paid	-14.08B	-14.47B	-14.84B	-15.02B	-15.23B
Other Financing Activities, Total	-126M	-129M	-160M	-581M	-361M
Cash from Financing	-86.82B	-93.35B	-111B	-108B	-122B
Net Change in Cash	-10.44B	-3.86B	-10.95B	5.76B	-794M
Supplemental Items
Cash Interest Paid	3B	2.69B	2.86B	3.8B	-
Cash Income Tax Paid (Refund)	9.5B	25.38B	19.57B	18.68B	26.1B
Levered Free Cash Flow	60.39B	73.3B	90.22B	82.18B	111B
Unlevered Free Cash Flow	62.18B	74.95B	92.05B	84.64B	111B
Change In Net Working Capital	-10.18B	1.25B	-7.96B	-1.81B	-20.15B
Net Debt Issued / Repaid	2.5B	12.66B	-123M	-9.9B	-6B

Fiscal Period: September	2020	2021	2022	2023	2024
Profitability
Return on Assets	12.51	20.18	21.21	20.26	21.46
Return on Total Capital	21.46	35.17	39	38.7	42.54
Return On Equity %	73.69	147.44	175.46	171.95	157.41
Return on Common Equity	73.69	147.44	175.46	171.95	157.41
Margin Analysis
Gross Profit Margin %	38.23	41.78	43.31	44.13	46.21
SG&A Margin	7.25	6.01	6.36	6.5	6.67
EBITDA Margin %	28.17	32.87	33.1	32.83	34.44
EBITA Margin %	24.15	29.78	30.29	29.82	31.51
EBIT Margin %	24.15	29.78	30.29	29.82	31.51
Income From Continuing Operations Margin %	20.91	25.88	25.31	25.31	23.97
Net Income Margin %	20.91	25.88	25.31	25.31	23.97
Net Avail. For Common Margin %	20.91	25.88	25.31	25.31	23.97
Normalized Net Income Margin	15.26	18.66	18.88	18.55	19.74
Levered Free Cash Flow Margin	22	20.04	22.88	21.44	28.35
Unlevered Free Cash Flow Margin	22.65	20.49	23.34	22.08	28.35
Asset Turnover
Asset Turnover	0.83	1.08	1.12	1.09	1.09
Fixed Assets Turnover	6.64	7.71	7.73	7.17	8.75
Receivables Turnover (Average Receivables)	14.06	17.26	14.48	13.29	12.43
Inventory Turnover (Average Inventory)	41.52	40.03	38.79	37.98	30.9
Short Term Liquidity
Current Ratio	1.36	1.07	0.88	0.99	0.87
Quick Ratio	1.22	0.91	0.71	0.84	0.75
Operating Cash Flow to Current Liabilities	0.77	0.83	0.79	0.76	0.67
Days Sales Outstanding (Average Receivables)	25.89	21.09	25.14	27.92	29.28
Days Outstanding Inventory (Average Inventory)	8.77	9.09	9.38	9.77	11.78
Average Days Payable Outstanding	95.05	81.97	97.5	109.07	113.32
Cash Conversion Cycle (Average Days)	-60.4	-51.78	-62.98	-71.38	-72.26
Long Term Solvency
Total Debt/Equity	187.14	216.39	261.45	199.42	209.06
Total Debt / Total Capital	65.17	68.39	72.33	66.6	67.64
LT Debt/Equity	163.84	189.22	216.5	171.45	169.53
Long-Term Debt / Total Capital	57.06	59.81	59.9	57.26	54.85
Total Liabilities / Total Assets	79.83	82.03	85.64	82.37	84.4
EBIT / Interest Expense	23.07	41.19	40.75	29.06	-
EBITDA / Interest Expense	30.68	50.98	50.27	36.03	-
(EBITDA - Capex) / Interest Expense	28.14	46.79	46.62	33.25	-
Total Debt / EBITDA	1.39	1.01	0.9	0.87	0.79
Net Debt / EBITDA	-0.79	-0.4	-0.25	-0.27	-0.25
Total Debt / (EBITDA - Capex)	1.51	1.1	0.97	0.95	0.84
Net Debt / (EBITDA - Capex)	-0.86	-0.44	-0.27	-0.29	-0.27
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.51	33.26	7.79	-2.8	2.02
Gross Profit, 1 Yr. Growth %	6.67	45.62	11.74	-0.96	6.82
EBITDA, 1 Yr. Growth %	1.13	55.45	8.57	-3.62	7.03
EBITA, 1 Yr. Growth %	3.69	64.36	9.63	-4.3	7.8
EBIT, 1 Yr. Growth %	3.69	64.36	9.63	-4.3	7.8
Earnings From Cont. Operations, 1 Yr. Growth %	3.9	64.92	5.41	-2.81	-3.36
Net Income, 1 Yr. Growth %	3.9	64.92	5.41	-2.81	-3.36
Normalized Net Income, 1 Yr. Growth %	1.89	62.77	9.06	-4.51	8.57
Diluted EPS Before Extra, 1 Yr. Growth %	10.44	71.04	8.91	0.33	-0.82
Accounts Receivable, 1 Yr. Growth %	-29.69	63.01	7.25	4.7	13.22
Inventory, 1 Yr. Growth %	-1.1	62.03	-24.83	28	15.08
Net Property, Plant and Equip., 1 Yr. Growth %	21.29	9.24	6.07	3.51	4.5
Total Assets, 1 Yr. Growth %	-4.32	8.37	0.5	-0.05	3.52
Tangible Book Value, 1 Yr. Growth %	-27.79	-3.44	-19.68	22.64	-8.36
Common Equity, 1 Yr. Growth %	-27.79	-3.44	-19.68	22.64	-8.36
Cash From Operations, 1 Yr. Growth %	16.26	28.96	17.41	-9.5	6.98
Capital Expenditures, 1 Yr. Growth %	-30.36	51.66	-3.4	2.34	-13.8
Levered Free Cash Flow, 1 Yr. Growth %	40.72	21.37	23.09	-8.91	30.96
Unlevered Free Cash Flow, 1 Yr. Growth %	37.73	20.53	22.81	-8.05	30.96
Dividend Per Share, 1 Yr. Growth %	6	6.92	5.88	4.44	4.26
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.67	18.58	19.85	2.36	-0.42
Gross Profit, 2 Yr. CAGR %	1.52	24.63	27.56	5.2	2.86
EBITDA, 2 Yr. CAGR %	-2.76	25.39	29.92	2.3	1.57
EBITA, 2 Yr. CAGR %	-3.31	30.54	34.23	2.43	1.57
EBIT, 2 Yr. CAGR %	-3.31	30.54	34.23	2.43	1.57
Earnings From Cont. Operations, 2 Yr. CAGR %	-1.8	30.9	31.85	1.22	-3.09
Net Income, 2 Yr. CAGR %	-1.8	30.9	31.85	1.22	-3.09
Normalized Net Income, 2 Yr. CAGR %	-4.13	28.89	33.24	2.05	1.82
Diluted EPS Before Extra, 2 Yr. CAGR %	4.91	37.44	36.48	4.53	-0.25
Accounts Receivable, 2 Yr. CAGR %	-16.62	7.06	32.23	5.97	8.88
Inventory, 2 Yr. CAGR %	1.32	26.59	10.36	-1.91	21.37
Net Property, Plant and Equip., 2 Yr. CAGR %	4.77	15.11	7.65	4.78	-6.75
Total Assets, 2 Yr. CAGR %	-5.89	1.83	4.36	0.22	1.72
Tangible Book Value, 2 Yr. CAGR %	-21.91	-16.5	-11.94	-0.75	6.01
Common Equity, 2 Yr. CAGR %	-21.91	-16.5	-11.94	-0.75	6.01
Cash From Operations, 2 Yr. CAGR %	2.07	22.45	23.05	3.08	-1.61
Capital Expenditures, 2 Yr. CAGR %	-25.9	2.77	21.04	-0.57	-6.07
Levered Free Cash Flow, 2 Yr. CAGR %	12.77	30.69	22.23	5.89	9.74
Unlevered Free Cash Flow, 2 Yr. CAGR %	12.07	28.84	21.67	6.27	9.74
Dividend Per Share, 2 Yr. CAGR %	8.13	6.46	6.4	5.16	4.35
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.19	11.26	14.87	11.77	2.25
Gross Profit, 3 Yr. CAGR %	5.97	14.49	20.18	17.24	5.74
EBITDA, 3 Yr. CAGR %	2.65	13.7	19.51	17.61	3.85
EBITA, 3 Yr. CAGR %	2.62	15.4	23.16	19.91	4.19
EBIT, 3 Yr. CAGR %	2.62	15.4	23.16	19.91	4.19
Earnings From Cont. Operations, 3 Yr. CAGR %	5.89	16.73	21.78	19.1	-0.33
Net Income, 3 Yr. CAGR %	5.89	16.73	21.78	19.1	-0.33
Normalized Net Income, 3 Yr. CAGR %	1.5	14.42	21.91	19.24	4.18
Diluted EPS Before Extra, 3 Yr. CAGR %	12.52	23.48	27.18	23.18	2.72
Accounts Receivable, 3 Yr. CAGR %	-3.38	4.26	7.13	22.33	8.33
Inventory, 3 Yr. CAGR %	-5.78	18.48	6.4	15.95	3.46
Net Property, Plant and Equip., 3 Yr. CAGR %	10.3	6.24	12.01	6.25	-2.66
Total Assets, 3 Yr. CAGR %	-4.79	-1.36	1.38	2.87	1.31
Tangible Book Value, 3 Yr. CAGR %	-21.3	-16.18	-17.58	-1.66	-3.36
Common Equity, 3 Yr. CAGR %	-21.3	-16.18	-17.58	-1.66	-3.36
Cash From Operations, 3 Yr. CAGR %	7.9	10.35	20.74	11.07	4.36
Capital Expenditures, 3 Yr. CAGR %	-16.27	-5.92	0.67	14.46	-5.19
Levered Free Cash Flow, 3 Yr. CAGR %	15.08	15.57	28.1	10.82	14.78
Unlevered Free Cash Flow, 3 Yr. CAGR %	14.82	14.82	26.8	10.82	13.93
Dividend Per Share, 3 Yr. CAGR %	9.83	7.72	6.27	5.74	4.86
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.27	11.15	11.46	7.61	8.49
Gross Profit, 5 Yr. CAGR %	2.31	12.65	14.13	10.68	12.93
EBITDA, 5 Yr. CAGR %	-1.28	11.26	12.79	8.99	11.98
EBITA, 5 Yr. CAGR %	-1.78	12.66	14.25	10.02	14.02
EBIT, 5 Yr. CAGR %	-1.43	12.66	14.25	10.02	14.02
Earnings From Cont. Operations, 5 Yr. CAGR %	1.46	15.69	15.6	10.26	11.15
Net Income, 5 Yr. CAGR %	1.46	15.69	15.6	10.26	11.15
Normalized Net Income, 5 Yr. CAGR %	-1.57	12.22	13.2	9.3	13.44
Diluted EPS Before Extra, 5 Yr. CAGR %	7.31	21.98	21.55	15.52	15.41
Accounts Receivable, 5 Yr. CAGR %	-0.88	10.77	9.54	4.94	7.82
Inventory, 5 Yr. CAGR %	11.57	25.28	0.37	9.86	12.15
Net Property, Plant and Equip., 5 Yr. CAGR %	15.07	12.89	9.23	5.65	4.09
Total Assets, 5 Yr. CAGR %	2.21	1.76	-1.23	-0.73	1.52
Tangible Book Value, 5 Yr. CAGR %	-9.95	-12.01	-17.68	-10.32	-8.84
Common Equity, 5 Yr. CAGR %	-11.35	-13.23	-17.68	-10.32	-8.84
Cash From Operations, 5 Yr. CAGR %	-0.15	9.45	13.72	7.38	11.25
Capital Expenditures, 5 Yr. CAGR %	-8.26	-2.74	-2.97	-3.82	-2.08
Levered Free Cash Flow, 5 Yr. CAGR %	1.57	10.72	17.89	11.6	20.9
Unlevered Free Cash Flow, 5 Yr. CAGR %	2	10.76	17.51	11.32	19.68
Dividend Per Share, 5 Yr. CAGR %	9.94	9.3	8.45	6.69	5.5