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
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments62,48255,87251,35548,30448,23151,511
Cash and cash equivalents28,40824,68720,53523,64627,50228,098
Short-term investments34,07431,18530,82024,65820,72923,413
Receivables39,18635,89954,18060,93242,24245,400
Inventory, net of allowances, customer advances and progress billings7,3517,4826,8204,9465,4335,460
Inventory7,3517,4826,8204,9465,4335,460
Other current assets13,64013,66016,42221,22316,38615,809
Total current assets:122,659112,913128,777135,405112,292118,180
Noncurrent Assets
Property, plant and equipment43,55043,39842,95142,11740,33539,304
Long-term investments and receivables104,061110,461114,095120,805131,077141,219
Long-term investments104,061110,461114,095120,805131,077141,219
Other noncurrent assets64,76865,38860,92454,42852,60551,959
Total noncurrent assets:212,379219,247217,970217,350224,017232,482
TOTAL ASSETS:335,038332,160346,747352,755336,309350,662
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities46,69942,94557,91864,11548,34352,682
Accounts payable46,69942,94557,91864,11548,34352,682
Deferred revenue8,1588,1317,9927,9127,7287,920
Debt11,20912,57411,48321,11024,99116,658
Other liabilities58,89756,42559,89360,84548,81150,248
Total current liabilities:124,963120,075137,286153,982129,873127,508
Noncurrent Liabilities
Long-term debt and lease obligation98,07197,04199,62798,95994,700103,323
Long-term debt, excluding current maturities98,07197,04199,62798,95994,700103,323
Liabilities, other than long-term debt51,73052,88653,10749,14253,62952,432
Other liabilities51,73052,88653,10749,14253,62952,432
Total noncurrent liabilities:149,801149,927152,734148,101148,329155,755
Total liabilities:274,764270,002290,020302,083278,202283,263
Equity
Equity, attributable to parent, including:60,27462,15856,72750,67258,10767,399
Accumulated other comprehensive loss(11,801)(11,746)(12,912)(11,109)(9,297)(6,494)
Retained earnings (accumulated deficit)1,4084,3363,240(3,068)5,28912,712
Other undisclosed equity, attributable to parent70,66769,56866,39964,84962,11561,181
Total equity:60,27462,15856,72750,67258,10767,399
TOTAL LIABILITIES AND EQUITY:335,038332,160346,747352,755336,309350,662

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

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Revenues81,79794,836117,15490,14682,95997,278
Cost of revenue
(Cost of Goods and Services Sold)
(45,384)(52,860)(66,822)(52,051)(47,074)(54,719)
Gross profit:36,41341,97650,33238,09535,88542,559
Operating expenses(13,415)(13,658)(14,316)(13,201)(12,809)(12,580)
Operating income:22,99828,31836,01624,89423,07629,979
Nonoperating income (expense)(265)64(393)(237)(10)160
Investment income, nonoperating980918868753722700
Other nonoperating income (expense)(247)76(258)(163)(13)151
Interest and debt expense(998)(930)(1,003)(827)(719)(691)
Income from continuing operations before equity method investments, income taxes:21,73527,45234,62023,83022,34729,448
Other undisclosed income from continuing operations before income taxes9989301,003827719691
Income from continuing operations before income taxes:22,73328,38235,62324,65723,06630,139
Income tax expense(2,852)(4,222)(5,625)(3,936)(3,624)(5,129)
Income from continuing operations:19,88124,16029,99820,72119,44225,010
Income before gain (loss) on sale of properties:20,72119,44225,010
Net income available to common stockholders, diluted:19,88124,16029,99820,72119,44225,010

Comprehensive Income ($ in millions)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Net income:19,88124,16029,99820,72119,44225,010
Comprehensive income:19,88124,16029,99820,72119,44225,010
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(55)1,166(1,803)(1,812)(2,803)(5,567)
Comprehensive income, net of tax, attributable to parent:19,82625,32628,19518,90916,63919,443

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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