Apple Financial Statements From 2010 to 2024

AAPL Stock  USD 173.72  1.10  0.64%   
Apple financial statements provide useful quarterly and yearly information to potential Apple Inc investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Apple financial statements helps investors assess Apple's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Apple's valuation are summarized below:
Gross Profit
170.8 B
Profit Margin
0.2616
Market Capitalization
2.7 T
Enterprise Value Revenue
6.9985
Revenue
385.7 B
There are over one hundred nineteen available fundamental signals for Apple Inc, which can be analyzed over time and compared to other ratios. We recommend to validate Apple's prevailing fundamental drivers against the all of the trends between 2010 and 2024.
Check Apple financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Apple main balance sheet or income statement drivers, such as Depreciation And Amortization of 13.9 B, Interest Expense of 4.7 B or Selling General Administrative of 30.1 B, as well as many exotic indicators such as Short Term Coverage Ratios of 3.77, Price Earnings Ratio of 15.15 or Price To Sales Ratio of 6.67. Apple financial statements analysis is a perfect complement when working with Apple Valuation or Volatility modules.
  
This module can also supplement Apple's financial leverage analysis and stock options assessment as well as various Apple Technical models . Check out the analysis of Apple Correlation against competitors.

Apple Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets425.7 B405.5 B301.3 B
Slightly volatile
Other Current Liabilities71 B67.7 B35.7 B
Slightly volatile
Total Current Liabilities175.5 B167.1 B100.1 B
Slightly volatile
Total Stockholder Equity40.2 B71.5 B85.7 B
Slightly volatile
Property Plant And Equipment Net52.8 B50.3 B32 B
Slightly volatile
Cash36.2 B34.5 B24.9 B
Slightly volatile
Non Current Assets Total252.4 B240.4 B186.9 B
Slightly volatile
Cash And Short Term Investments74.3 B70.8 B56.9 B
Slightly volatile
Net Receivables73.6 B70.1 B40.8 B
Slightly volatile
Common Stock Shares Outstanding21 B18.2 B20.1 B
Slightly volatile
Liabilities And Stockholders Equity425.7 B405.5 B301.3 B
Slightly volatile
Non Current Liabilities Total175.2 B166.9 B113.1 B
Slightly volatile
Inventory7.6 B7.3 B3.9 B
Slightly volatile
Other Current Assets17.7 B16.9 B11.7 B
Slightly volatile
Total Liabilities350.7 B334 B213.2 B
Slightly volatile
Total Current Assets173.4 B165.1 B114.4 B
Slightly volatile
Cash And Equivalents36.2 B34.5 B24.9 B
Slightly volatile
Property Plant Equipment52.8 B50.3 B32 B
Slightly volatile
Short and Long Term Debt Total134.1 B127.8 B85.9 B
Slightly volatile
Short Term Debt19.1 B18.2 B13.4 B
Slightly volatile
Accounts Payable75.6 B72 B44.6 B
Slightly volatile
Property Plant And Equipment Gross138.4 B131.8 B78.3 B
Slightly volatile
Accumulated Depreciation87.4 B83.2 B46.7 B
Slightly volatile
Common Stock Total Equity78.3 B74.6 B42 B
Slightly volatile
Short Term Investments18.2 B36.3 B30.7 B
Slightly volatile
Common Stock89.1 B84.9 B44 B
Slightly volatile
Other Assets65.3 B62.2 B27.5 B
Slightly volatile
Long Term Debt67.6 B109.6 B70.3 B
Slightly volatile
Current Deferred Revenue5.5 B9.3 BB
Slightly volatile
Good Will6.9 B6.6 B4.8 B
Slightly volatile
Intangible Assets1.7 B2.6 B2.7 B
Slightly volatile
Other Liabilities59.3 B56.5 B36.1 B
Slightly volatile
Net Tangible Assets95.6 B58.3 B86.8 B
Slightly volatile
Deferred Long Term Liabilities2.7 B3.2 B2.7 B
Slightly volatile
Long Term Investments122.9 B115.6 B122.2 B
Pretty Stable
Non Current Liabilities Other60.2 B57.3 B31.9 B
Slightly volatile
Long Term Debt Total86.1 B110.6 B72.8 B
Slightly volatile
Short and Long Term Debt13.7 B14.2 B20.3 B
Slightly volatile
Net Invested Capital157.7 B155.9 B212.8 B
Slightly volatile
Capital Stock60.9 B84.9 B50.6 B
Slightly volatile
Capital Surpluse67.9 B84.9 B57.1 B
Slightly volatile

Apple Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization13.9 B13.2 B9.7 B
Slightly volatile
Interest Expense4.7 B4.5 B2.3 B
Slightly volatile
Selling General Administrative30.1 B28.7 B17.5 B
Slightly volatile
Total Revenue462.8 B440.8 B269.2 B
Slightly volatile
Gross Profit204.2 B194.5 B111.1 B
Slightly volatile
Other Operating Expenses324.8 B309.3 B191.7 B
Slightly volatile
Operating Income138 B131.4 B77.8 B
Slightly volatile
EBIT138 B131.4 B77.6 B
Slightly volatile
EBITDA151.9 B144.7 B87.3 B
Slightly volatile
Cost Of Revenue258.6 B246.3 B158.1 B
Slightly volatile
Total Operating Expenses66.2 B63.1 B33.6 B
Slightly volatile
Income Before Tax137.3 B130.8 B78.2 B
Slightly volatile
Net Income117.1 B111.5 B63.9 B
Slightly volatile
Income Tax Expense20.2 B19.3 B14.4 B
Slightly volatile
Research Development36.1 B34.4 B16.1 B
Slightly volatile
Net Income Applicable To Common Shares117.1 B111.5 B63.9 B
Slightly volatile
Net Income From Continuing Ops57 B111.5 B60.4 B
Slightly volatile
Non Operating Income Net Other1.1 B649.8 M1.1 B
Very volatile
Tax Provision12 B15.1 B15.9 B
Slightly volatile
Interest Income156.5 M164.7 M3.1 B
Slightly volatile
Reconciled Depreciation12.3 B13.2 B11 B
Slightly volatile

Apple Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow120.2 B114.5 B69.6 B
Slightly volatile
Begin Period Cash Flow30.2 B28.7 B23.1 B
Slightly volatile
Depreciation13.9 B13.2 B9.7 B
Slightly volatile
Dividends Paid18.1 B17.3 B12.2 B
Slightly volatile
Capital Expenditures13.2 B12.6 B10.2 B
Slightly volatile
Total Cash From Operating Activities133.5 B127.1 B80 B
Slightly volatile
Net Income117.1 B111.5 B63.9 B
Slightly volatile
End Period Cash Flow37.1 B35.3 B25.4 B
Slightly volatile
Stock Based Compensation13.1 B12.5 B6.1 B
Slightly volatile
Issuance Of Capital Stock944.6 M1.3 B836.2 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Short Term Coverage Ratios3.776.295.7203
Very volatile
Price Earnings Ratio15.1525.1221.0354
Slightly volatile
Price To Sales Ratio6.676.364.9898
Slightly volatile
Dividend Yield0.00610.00640.0115
Slightly volatile
Operating Cycle83.7379.262.4466
Slightly volatile
Price Book Value Ratio41.1739.2129.6363
Slightly volatile
Days Of Payables Outstanding63.9796.0598.5726
Very volatile
Operating Cash Flow Per Share6.616.295.329
Slightly volatile
Dividend Payout Ratio0.160.140.1962
Slightly volatile
Price To Operating Cash Flows Ratio12.1522.0416.2081
Slightly volatile
Free Cash Flow Per Share5.955.674.728
Slightly volatile
Price To Free Cash Flows Ratio25.6924.4719.1638
Slightly volatile
Pretax Profit Margin0.280.270.2808
Slightly volatile
Inventory Turnover43.6930.4449.8113
Slightly volatile
Ebt Per Ebit1.161.141.0189
Slightly volatile
Payables Turnover5.683.933.8081
Very volatile
Operating Profit Margin0.280.270.2823
Slightly volatile
Effective Tax Rate0.30.170.2088
Slightly volatile
Company Equity Multiplier5.365.114.8001
Slightly volatile
Long Term Debt To Capitalization0.570.540.527
Slightly volatile
Cash Per Share3.683.52.9689
Slightly volatile
Total Debt To Capitalization0.610.580.5651
Slightly volatile
Return On Capital Employed0.520.50.4447
Slightly volatile
Payout Ratio0.160.140.1962
Slightly volatile
Debt Equity Ratio1.691.611.5584
Slightly volatile
Ebit Per Revenue0.280.270.2823
Slightly volatile
Quick Ratio1.780.971.1134
Slightly volatile
Net Income Per E B T0.580.770.7792
Very volatile
Cash Ratio0.230.240.2597
Slightly volatile
Operating Cash Flow Sales Ratio0.140.260.2837
Pretty Stable
Days Of Inventory Outstanding11.7912.417.9435
Slightly volatile
Days Of Sales Outstanding55.7966.7953.4264
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.580.810.8422
Very volatile
Cash Flow Coverage Ratios1.851.140.9751
Slightly volatile
Price To Book Ratio41.1739.2129.6363
Slightly volatile
Current Ratio1.081.141.2136
Slightly volatile
Fixed Asset Turnover14.4810.089.7649
Very volatile
Price Cash Flow Ratio12.1522.0416.2081
Slightly volatile
Enterprise Value Multiple20.9419.9516.6936
Slightly volatile
Debt Ratio0.30.280.304
Slightly volatile
Cash Flow To Debt Ratio1.851.140.9751
Slightly volatile
Price Sales Ratio6.676.364.9898
Slightly volatile
Return On Assets0.260.250.2206
Slightly volatile
Receivables Turnover6.025.666.9475
Slightly volatile
Asset Turnover1.341.250.9961
Slightly volatile
Net Profit Margin0.240.230.2265
Slightly volatile
Gross Profit Margin0.410.510.4136
Slightly volatile
Price Fair Value41.1739.2129.6363
Slightly volatile
Return On Equity1.471.41.2139
Slightly volatile

Apple Fundamental Market Drivers

Forward Price Earnings26.455
Cash And Short Term Investments61.6 B

Apple Upcoming Events

2nd of May 2024
Upcoming Quarterly Report
View
1st of August 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
7th of November 2024
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
30th of September 2023
Last Financial Announcement
View

About Apple Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Apple income statement, its balance sheet, and the statement of cash flows. Apple investors use historical funamental indicators, such as Apple's revenue or net income, to determine how well the company is positioned to perform in the future. Although Apple investors may use each financial statement separately, they are all related. The changes in Apple's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Apple's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Apple Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Apple. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Current Deferred Revenue9.3 B5.5 B
Total Revenue440.8 B462.8 B
Cost Of Revenue246.3 B258.6 B
Ebit Per Revenue 0.27  0.28 

Pair Trading with Apple

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Apple position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Apple will appreciate offsetting losses from the drop in the long position's value.

Moving together with Apple Stock

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Moving against Apple Stock

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The ability to find closely correlated positions to Apple could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apple when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Apple - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Apple Inc to buy it.
The correlation of Apple is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Apple moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apple Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Apple can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Apple Inc is a strong investment it is important to analyze Apple's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Apple's future performance. For an informed investment choice regarding Apple Stock, refer to the following important reports:

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When running Apple's price analysis, check to measure Apple's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Apple is operating at the current time. Most of Apple's value examination focuses on studying past and present price action to predict the probability of Apple's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apple's price. Additionally, you may evaluate how the addition of Apple to your portfolios can decrease your overall portfolio volatility.
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Is Apple's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Apple. If investors know Apple will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Apple listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.16
Dividend Share
0.95
Earnings Share
6.44
Revenue Per Share
24.648
Quarterly Revenue Growth
0.021
The market value of Apple Inc is measured differently than its book value, which is the value of Apple that is recorded on the company's balance sheet. Investors also form their own opinion of Apple's value that differs from its market value or its book value, called intrinsic value, which is Apple's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Apple's market value can be influenced by many factors that don't directly affect Apple's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Apple's value and its price as these two are different measures arrived at by different means. Investors typically determine if Apple is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apple's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.