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)

9/30/2019
Q4
6/30/2019
Q3
3/31/2019
Q2
12/31/2018
Q1
9/30/2018
Q4
6/30/2018
Q3
3/31/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments100,55794,61480,09286,42725,91370,97087,940
Cash and cash equivalents48,84450,53037,98844,77125,91331,97145,059
Short-term investments51,71344,08442,10441,656 38,99942,881
Receivables45,80426,47426,27836,98148,99526,36722,408
Inventory, net of allowances, customer advances and progress billings4,1063,3554,8844,9883,9565,9367,662
Inventory4,1063,3554,8844,9883,9565,9367,662
Other current assets12,35210,53012,09212,43212,08712,48812,043
Other undisclosed current assets    40,388  
Total current assets:162,819134,973123,346140,828131,339115,761130,053
Noncurrent Assets
Property, plant and equipment37,37837,63638,74639,59741,30438,11735,077
Long-term investments and receivables105,341115,996145,319158,608 172,773179,286
Long-term investments105,341115,996145,319158,608 172,773179,286
Other noncurrent assets32,97833,63434,58734,68622,28322,54623,086
Other undisclosed noncurrent assets    170,799  
Total noncurrent assets:175,697187,266218,652232,891234,386233,436237,449
TOTAL ASSETS:338,516322,239341,998373,719365,725349,197367,502
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities46,23629,11530,44344,29355,88863,67361,067
Accounts payable46,23629,11530,44344,29355,88838,48934,311
Accrued liabilities     25,18426,756
Deferred revenue5,522  
Debt16,24023,48222,42921,74120,74817,47220,478
Deferred revenue and credits7,4037,775
Contract with customer, liability5,4345,5325,546   
Other liabilities37,72031,67335,36836,70332,687  
Other undisclosed current liabilities    7,543  
Total current liabilities:105,71889,70493,772108,283116,86688,54889,320
Noncurrent Liabilities
Long-term debt and lease obligation91,80784,93690,20192,98993,73597,128101,362
Long-term debt, excluding current maturities91,80784,93690,20192,98993,73597,128101,362
Liabilities, other than long-term debt50,50351,14352,16554,55545,18048,57249,942
Deferred revenue and credits2,8783,087
Other liabilities50,50351,14352,16554,55545,18045,69446,855
Other undisclosed noncurrent liabilities    2,797  
Total noncurrent liabilities:142,310136,079142,366147,544141,712145,700151,304
Total liabilities:248,028225,783236,138255,827258,578234,248240,624
Stockholders' equity
Stockholders' equity attributable to parent, including:90,48896,456105,860117,892107,147114,949126,878
Accumulated other comprehensive loss(584)(639)(1,499)(3,588)(3,454)(3,111)(3,064)
Retained earnings45,89853,72464,55880,51070,40079,43691,898
Other undisclosed stockholders' equity attributable to parent45,17443,37142,80140,97040,20138,62438,044
Total stockholders' equity:90,48896,456105,860117,892107,147114,949126,878
TOTAL LIABILITIES AND EQUITY:338,516322,239341,998373,719365,725349,197367,502

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

9/30/2019
Q4
6/30/2019
Q3
3/31/2019
Q2
12/31/2018
Q1
9/30/2018
Q4
6/30/2018
Q3
3/31/2018
Q2
Revenues64,04053,80958,01584,31062,90053,26561,137
Revenue, net53,26561,137
Cost of revenue
(Cost of Goods and Services Sold)
(39,727)(33,582)(36,194)(52,279)(38,816)(32,844)(37,715)
Gross profit:24,31320,22721,82132,03124,08420,42123,422
Operating expenses(8,688)(8,683)(8,406)(8,685)(7,966)(7,809)(7,528)
Operating income:15,62511,54413,41523,34616,11812,61215,894
Nonoperating income502367378560303672274
Investment income, nonoperating1,1061,1901,3581,3071,3111,4181,505
Other nonoperating income (expense)2064330143(140)100(439)
Interest and debt expense(810)(866)(1,010)(890)(868)(846)(792)
Income from continuing operations before equity method investments, income taxes:15,31711,04512,78323,01615,55312,43815,376
Other undisclosed income from continuing operations before income taxes8108661,010890868846792
Income from continuing operations before income taxes:16,12711,91113,79323,90616,42113,28416,168
Income tax expense(2,441)(1,867)(2,232)(3,941)(2,296)(1,765)(2,346)
Net income available to common stockholders, diluted:13,68610,04411,56119,96514,12511,51913,822

Comprehensive Income ($ in millions)

9/30/2019
Q4
6/30/2019
Q3
3/31/2019
Q2
12/31/2018
Q1
9/30/2018
Q4
6/30/2018
Q3
3/31/2018
Q2
Net income:13,68610,04411,56119,96514,12511,51913,822
Other comprehensive income (loss)    (5)(3)8
Comprehensive income:13,68610,04411,56119,96514,12011,51613,830
Other undisclosed comprehensive income (loss), net of tax, attributable to parent558602,089(223)(338)(44)(1,953)
Comprehensive income, net of tax, attributable to parent:13,74110,90413,65019,74213,78211,47211,877

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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