Apple Inc. (AAPL) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE APPLE PARK WAY
CUPERTINO, CA 95014
State of Incorp. CA
Fiscal Year End September 30
Industry (SIC) 3571 - Electronic Computers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments51,35548,30462,63990,943100,55725,913
Cash and cash equivalents20,53523,64634,94038,01648,84425,913
Short-term investments30,82024,65827,69952,92751,713 
Receivables54,18060,93251,50637,44545,80448,995
Inventory, net of allowances, customer advances and progress billings6,8204,9466,5804,0614,1063,956
Inventory6,8204,9466,5804,0614,1063,956
Other current assets16,42221,22314,11111,26412,35212,087
Other undisclosed current assets      40,388
Total current assets:128,777135,405134,836143,713162,819131,339
Noncurrent Assets
Property, plant and equipment42,95142,11739,44036,76637,37841,304
Long-term investments and receivables114,095120,805127,877100,887105,341 
Long-term investments114,095120,805127,877100,887105,341 
Other noncurrent assets60,92454,42848,84942,52232,97822,283
Other undisclosed noncurrent assets      170,799
Total noncurrent assets:217,970217,350216,166180,175175,697234,386
TOTAL ASSETS:346,747352,755351,002323,888338,516365,725
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities57,91864,11554,76342,29646,23655,888
Accounts payable57,91864,11554,76342,29646,23655,888
Deferred revenue7,9927,9127,6126,6435,522
Debt11,48321,11015,61313,76916,24020,748
Other liabilities59,89360,84547,49342,68437,72032,687
Other undisclosed current liabilities      7,543
Total current liabilities:137,286153,982125,481105,392105,718116,866
Noncurrent Liabilities
Long-term debt and lease obligation99,62798,959109,10698,66791,80793,735
Long-term debt, excluding current maturities99,62798,959109,10698,66791,80793,735
Liabilities, other than long-term debt53,10749,14253,32554,49050,50345,180
Other liabilities53,10749,14253,32554,49050,50345,180
Other undisclosed noncurrent liabilities      2,797
Total noncurrent liabilities:152,734148,101162,431153,157142,310141,712
Total liabilities:290,020302,083287,912258,549248,028258,578
Equity
Equity, attributable to parent, including:56,72750,67263,09065,33990,488107,147
Accumulated other comprehensive income (loss)(12,912)(11,109)163(406)(584)(3,454)
Retained earnings (accumulated deficit)3,240(3,068)5,56214,96645,89870,400
Other undisclosed equity, attributable to parent66,39964,84957,36550,77945,17440,201
Total equity:56,72750,67263,09065,33990,488107,147
TOTAL LIABILITIES AND EQUITY:346,747352,755351,002323,888338,516365,725

Income Statement (P&L) ($ in millions)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues387,537394,328365,817274,515260,174265,595
Cost of revenue
(Cost of Goods and Services Sold)
(220,666)(223,546)(212,981)(169,559)(161,782)(163,756)
Gross profit:166,871170,782152,836104,95698,392101,839
Operating expenses(52,906)(51,345)(43,887)(38,668)(34,462)(30,941)
Operating income:113,965119,437108,94966,28863,93070,898
Nonoperating income (expense)(480)(334)2588031,8072,005
Investment income, nonoperating3,0432,8252,8433,7634,9615,686
Other nonoperating income (expense)(283)(228)60(87)422(441)
Interest and debt expense(3,240)(2,931)(2,645)(2,873)(3,576)(3,240)
Income from continuing operations before equity method investments, income taxes:110,245116,172106,56264,21862,16169,663
Other undisclosed income from continuing operations before income taxes3,2402,9312,6452,8733,5763,240
Income from continuing operations before income taxes:113,485119,103109,20767,09165,73772,903
Income tax expense(18,314)(19,300)(14,527)(9,680)(10,481)(13,372)
Income from continuing operations:95,17199,80394,68057,41155,25659,531
Income before gain (loss) on sale of properties:65,17399,80394,68057,41155,25659,531
Net income available to common stockholders, diluted:95,17199,80394,68057,41155,25659,531

Comprehensive Income ($ in millions)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income:95,17199,80394,68057,41155,25659,531
Other comprehensive loss      (1)
Comprehensive income:95,17199,80394,68057,41155,25659,530
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(11,985)(11,272)569422,781(3,025)
Comprehensive income, net of tax, attributable to parent:83,18688,53195,24957,45358,03756,505

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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