Apple Historical Income Statement Analysis

Historical analysis of Apple income statement accounts such as Cost of Revenue of 131.4 B, Earning Before Interest and Taxes EBIT of 61.4 B or Gross Profit of 84.3 B can show how well Apple Inc performed in making a profits. Evaluating Apple income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Apple future profits or losses. Financial Statement Analysis is much more than just reviewing and examining Apple Inc latest accounting reports in order to predict its past. Macroaxis encourages investors to analyze financial statement over time for various trends across multiple indicators and accounts to determine whether Apple Inc is a good buy for the upcoming year. Check also Trending Equities.
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Apple Inc Income Statement Chart

Cost of Revenue    Earning Before Interest and Taxes USD    Gross Profit    Net Income    Net Income Common Stock    Net Income Common Stock USD    Operating Expenses    Operating Income    Revenues    Revenues USD    Research and Development Expense    Selling General and Administrative Expense    Weighted Average Shares    Weighted Average Shares Diluted    Income Tax Expense    

Cost of Revenue

Cost of Revenue is found on Apple Inc income statement and represents the costs associated with goods and services Apple provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities. The aggregate cost of goods produced and sold and services rendered during the reporting period.

Earning Before Interest and Taxes USD

Earning Before Interest and Taxes EBIT in USD, converted by [FXUSD].

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Apple Inc minus its cost of goods sold. It is profit before Apple operating expenses, interest payments and taxes. Gross profit is also known as gross margin. Aggregate revenue Revenues less cost of revenue Cost of Revenue directly attributable to the revenue generation activity.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Apple Inc financial statement analysis. It represents the amount of money remaining after all of Apple Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent after the deduction of [NETINCNCI] from Consolidated Income, and before the deduction of [PREFDIVIS].

Net Income Common Stock

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Typically differs from Net Income to the parent entity due to the deduction of [PREFDIVIS].

Net Income Common Stock USD

Net Income Common Stock in USD, converted by [FXUSD].

Operating Expenses

Operating expenses represents the total expenditure on Selling General and Administrative Expense, Research and Development Expense and other operating expense items, it excludes Cost of Revenue.

Operating Income

Operating Income is the amount of profit realized from Apple Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Apple Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Operating income is a measure of financial performance before the deduction of [INTEXP], Income Tax Expense and other Non-Operating items. It is calculated as Gross Profit minus Operating Expenses.

Revenues

Revenues refers to the total amount of money received by Apple for goods sold or services provided during a certain time period. It also includes all of Apple Inc sales as well as any other increase in Apple Inc equity.Revenues are reported on Apple Inc income statement and calculated before any expenses are subtracted. Amount of Revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses.

Revenues USD

Revenues in USD, converted by [FXUSD].

Research and Development Expense

A component of Operating Expenses representing the aggregate costs incurred in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service.

Selling General and Administrative Expense

A component of Operating Expenses representing the aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.

Weighted Average Shares

The weighted average number of shares or units issued and outstanding that are used by the company to calculate Earnings per Basic Share, determined based on the timing of issuance of shares or units in the period.

Weighted Average Shares Diluted

The weighted average number of shares or units issued and outstanding that are used by the company to calculate Earnings per Diluted Share, determined based on the timing of issuance of shares or units in the period.

Income Tax Expense

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.