Apple Inc. (AAPL) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments107,162100,55725,91374,18167,15541,60125,077
Cash and cash equivalents39,77148,84425,91320,28920,48421,12013,844
Short-term investments67,39151,713 53,89246,67120,48111,233
Receivables39,94645,80448,99535,67329,29930,34327,219
Inventory, net of allowances, customer advances and progress billings4,0974,1063,9564,8552,1322,3492,111
Inventory4,0974,1063,9564,8552,1322,3492,111
Deferred tax assets   5,546 
Other current assets12,02612,35212,08713,9368,2839,5399,806
Other undisclosed current assets  40,388   4,318
Total current assets:163,231162,819131,339128,645106,86989,37868,531
Noncurrent Assets
Property, plant and equipment37,03137,37841,30433,78327,01022,47120,624
Long-term investments and receivables99,899105,341 194,714170,430164,065130,162
Long-term investments99,899105,341 194,714170,430164,065130,162
Intangible assets, net (including goodwill)   8,0158,6209,0098,758
Goodwill   5,7175,4145,1164,616
Intangible assets, net (excluding goodwill)   2,2983,2063,8934,142
Other noncurrent assets40,45732,97822,28310,1628,7575,5563,764
Other undisclosed noncurrent assets  170,799    
Total noncurrent assets:177,387175,697234,386246,674214,817201,101163,308
TOTAL ASSETS:340,618338,516365,725375,319321,686290,479231,839
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities45,11146,23655,88874,79359,32160,67151,067
Accounts payable45,11146,23655,88849,04937,29435,49030,196
Accrued liabilities   25,74422,02725,18118,453
Employee-related liabilities      1,209
Taxes payable      1,209
Deferred revenue5,5735,522
Debt15,21416,24020,74818,47311,60510,9996,308
Deferred revenue and credits7,5488,0808,9409,548
Other liabilities36,26337,72032,687    
Other undisclosed current liabilities  7,543   (3,475)
Total current liabilities:102,161105,718116,866100,81479,00680,61063,448
Noncurrent Liabilities
Long-term debt and lease obligation93,07891,80793,73597,20775,42753,463 
Long-term debt, excluding current maturities93,07891,80793,73597,20775,42753,463 
Liabilities, other than long-term debt55,84850,50345,18043,25139,00470,47852,683
Deferred revenue and credits2,8362,9303,6243,031
Accounts payable and accrued liabilities     9,3654,567
Deferred tax liabilities, net   24,06220,259
Other liabilities55,84850,50345,18040,41536,07433,42724,826
Other undisclosed noncurrent liabilities  2,797  (33,427)4,161
Total noncurrent liabilities:148,926142,310141,712140,458114,43190,51456,844
Total liabilities:251,087248,028258,578241,272193,437171,124120,292
Stockholders' equity
Stockholders' equity attributable to parent, including:89,53190,488107,147134,047128,249119,355111,547
Accumulated other comprehensive income (loss)(418)(584)(3,454)(150)634(345)1,082
Retained earnings43,97745,89870,40098,33096,36492,28487,152
Other undisclosed stockholders' equity attributable to parent45,97245,17440,20135,86731,25127,41623,313
Total stockholders' equity:89,53190,488107,147134,047128,249119,355111,547
TOTAL LIABILITIES AND EQUITY:340,618338,516365,725375,319321,686290,479231,839

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenues267,683260,174265,595229,234215,639233,715182,795
Revenue, net229,234215,639233,715182,795
Cost of revenue
(Cost of Goods and Services Sold)
(166,105)(161,782)(163,756)(141,048)(131,376)(140,089)(112,258)
Gross profit:101,57898,392101,83988,18684,26393,62670,537
Operating expenses(35,425)(34,462)(30,941)(26,842)(24,239)(22,396)(18,034)
Operating income:66,15363,93070,89861,34460,02471,23052,503
Nonoperating income1,5961,8072,0052,7451,3481,285980
Investment income, nonoperating4,6994,9615,6865,2013,9992,9211,795
Other nonoperating income (expense)368422(441)(133)(1,195)(903)(431)
Interest and debt expense(3,471)(3,576)(3,240)(2,323)(1,456)(733)(384)
Income from continuing operations before equity method investments, income taxes:64,27862,16169,66361,76659,91671,78253,099
Other undisclosed income from continuing operations before income taxes3,4713,5763,2402,3231,456733384
Income from continuing operations before income taxes:67,74965,73772,90364,08961,37272,51553,483
Income tax expense(10,222)(10,481)(13,372)(15,738)(15,685)(19,121)(13,973)
Net income available to common stockholders, diluted:57,52755,25659,53148,35145,68753,39439,510

Comprehensive Income ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net income:57,52755,25659,53148,35145,68753,39439,510
Other comprehensive income (loss)  (1)(77)979(1,427)1,553
Comprehensive income:57,52755,25659,53048,27446,66651,96741,063
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3,0342,781(3,025)(707)   
Comprehensive income, net of tax, attributable to parent:60,56158,03756,50547,56746,66651,96741,063

Statements sources

The financial statements are based on the company's filings with the 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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