Cash flow Apple Inc.

Equities

AAPL

US0378331005

Phones & Handheld Devices

Market Closed - Nasdaq Other stock markets 01:30:00 14/09/2024 am IST			5-day change	1st Jan Change
222.50 ^USD	-0.12%		+0.76%	+15.57%

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Published financial data: APPLE INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2019	2020	2021	2022	2023
Revenues	26TCr	27TCr	37TCr	39TCr	38TCr
Total Revenues	26TCr	27TCr	37TCr	39TCr	38TCr
Cost of Goods Sold, Total	16TCr	17TCr	21TCr	22TCr	21TCr
Gross Profit	9.84TCr	10TCr	15TCr	17TCr	17TCr
Selling General & Admin Expenses, Total	1.82TCr	1.99TCr	2.2TCr	2.51TCr	2.49TCr
R&D Expenses	1.62TCr	1.88TCr	2.19TCr	2.63TCr	2.99TCr
Other Operating Expenses, Total	3.45TCr	3.87TCr	4.39TCr	5.13TCr	5.48TCr
Operating Income	6.39TCr	6.63TCr	11TCr	12TCr	11TCr
Interest Expense, Total	-357.6Cr	-287.3Cr	-264.5Cr	-293.1Cr	-393.3Cr
Interest And Investment Income	496.1Cr	376.3Cr	284.3Cr	282.5Cr	375Cr
Net Interest Expenses	138.5Cr	89Cr	20Cr	-11Cr	-18Cr
Currency Exchange Gains (Loss)	-78Cr	60Cr	-	-	-
Other Non Operating Income (Expenses)	123.7Cr	-77Cr	6Cr	-23Cr	-38Cr
EBT, Excl. Unusual Items	6.58TCr	6.7TCr	11TCr	12TCr	11TCr
Gain (Loss) On Sale Of Investments	-3.1Cr	8.2Cr	-	-	-
EBT, Incl. Unusual Items	6.57TCr	6.71TCr	11TCr	12TCr	11TCr
Income Tax Expense	1.05TCr	968Cr	1.45TCr	1.93TCr	1.67TCr
Earnings From Continuing Operations	5.53TCr	5.74TCr	9.47TCr	9.98TCr	9.7TCr
Net Income to Company	5.53TCr	5.74TCr	9.47TCr	9.98TCr	9.7TCr
Net Income - (IS)	5.53TCr	5.74TCr	9.47TCr	9.98TCr	9.7TCr
Net Income to Common Incl Extra Items	5.53TCr	5.74TCr	9.47TCr	9.98TCr	9.7TCr
Net Income to Common Excl. Extra Items	5.53TCr	5.74TCr	9.47TCr	9.98TCr	9.7TCr
Per Share Items
Net EPS - Basic	2.99	3.31	5.67	6.15	6.16
Basic EPS - Continuing Operations	2.99	3.31	5.67	6.15	6.16
Basic Weighted Average Shares Outstanding	1.85TCr	1.74TCr	1.67TCr	1.62TCr	1.57TCr
Net EPS - Diluted	2.97	3.28	5.61	6.11	6.13
Diluted EPS - Continuing Operations	2.97	3.28	5.61	6.11	6.13
Diluted Weighted Average Shares Outstanding	1.86TCr	1.75TCr	1.69TCr	1.63TCr	1.58TCr
Normalized Basic EPS	2.23	2.41	4.09	4.59	4.51
Normalized Diluted EPS	2.21	2.39	4.05	4.56	4.5
Dividend Per Share	0.75	0.8	0.85	0.9	0.94
Payout Ratio	25.55	24.53	15.28	14.87	15.49
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	7.65TCr	7.73TCr	12TCr	13TCr	13TCr
EBITA	6.39TCr	6.63TCr	11TCr	12TCr	11TCr
EBIT	6.39TCr	6.63TCr	11TCr	12TCr	11TCr
EBITDAR	7.78TCr	8.81TCr	13TCr	15TCr	14TCr
Total Revenues (As Reported)	26TCr	27TCr	37TCr	39TCr	38TCr
Effective Tax Rate - (Ratio)	15.94	14.43	13.3	16.2	14.72
Current Domestic Taxes	685.9Cr	676.1Cr	987.7Cr	940.9Cr	1.1TCr
Current Foreign Taxes	396.2Cr	313.4Cr	942.4Cr	899.6Cr	875Cr
Total Current Taxes	1.08TCr	989.5Cr	1.93TCr	1.84TCr	1.98TCr
Deferred Domestic Taxes	-300.6Cr	-359.8Cr	-751.4Cr	-218.1Cr	-369.3Cr
Deferred Foreign Taxes	266.6Cr	338.3Cr	274Cr	307.6Cr	67Cr
Total Deferred Taxes	-34Cr	-22Cr	-477.4Cr	90Cr	-302.4Cr
Normalized Net Income	4.11TCr	4.19TCr	6.83TCr	7.44TCr	7.11TCr
Interest on Long-Term Debt	320Cr	280Cr	260Cr	280Cr	370Cr
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	1.62TCr	1.88TCr	2.19TCr	2.63TCr	2.99TCr
Net Rental Expense, Total	130Cr	1.08TCr	1.46TCr	1.68TCr	1.59TCr
Imputed Operating Lease Interest Expense	33Cr	215.54Cr	238.74Cr	292.87Cr	390.21Cr
Imputed Operating Lease Depreciation	97Cr	864.46Cr	1.22TCr	1.39TCr	1.2TCr
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., R&D Exp. (Total)	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	606.8Cr	682.9Cr	790.6Cr	903.8Cr	1.08TCr
Total Stock-Based Compensation	606.8Cr	682.9Cr	790.6Cr	903.8Cr	1.08TCr

Fiscal Period: September	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	4.88TCr	3.8TCr	3.49TCr	2.36TCr	3TCr
Short Term Investments	5.17TCr	5.29TCr	2.77TCr	2.47TCr	3.16TCr
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	10TCr	9.09TCr	6.26TCr	4.83TCr	6.16TCr
Accounts Receivable, Total	2.29TCr	1.61TCr	2.63TCr	2.82TCr	2.95TCr
Other Receivables	2.29TCr	2.13TCr	2.52TCr	3.27TCr	3.15TCr
Total Receivables	4.58TCr	3.74TCr	5.15TCr	6.09TCr	6.1TCr
Inventory	410.6Cr	406.1Cr	658Cr	494.6Cr	633.1Cr
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	2.3Cr	3.6Cr	-	-	-
Other Current Assets, Total	1.23TCr	1.12TCr	1.41TCr	2.12TCr	1.47TCr
Total Current Assets	16TCr	14TCr	13TCr	14TCr	14TCr
Gross Property Plant And Equipment	9.6TCr	11TCr	12TCr	12TCr	13TCr
Accumulated Depreciation	-5.86TCr	-6.68TCr	-7.03TCr	-7.23TCr	-7.09TCr
Net Property Plant And Equipment	3.74TCr	4.53TCr	4.95TCr	5.25TCr	5.44TCr
Long-term Investments	11TCr	10TCr	13TCr	12TCr	10TCr
Goodwill	-	-	-	-	-
Other Intangibles, Total	-	-	-	-	-
Other Long-Term Assets, Total	3.3TCr	3.4TCr	3.88TCr	4.4TCr	5.41TCr
Total Assets	34TCr	32TCr	35TCr	35TCr	35TCr
Liabilities
Accounts Payable, Total	4.62TCr	4.23TCr	5.48TCr	6.41TCr	6.26TCr
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	598Cr	499.6Cr	600Cr	998.2Cr	598.5Cr
Current Portion of Long-Term Debt	1.03TCr	877.3Cr	961.3Cr	1.11TCr	982.2Cr
Current Portion of Leases	-	146Cr	152.8Cr	166.3Cr	157.5Cr
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	552.2Cr	664.3Cr	761.2Cr	791.2Cr	806.1Cr
Other Current Liabilities	3.77TCr	4.12TCr	4.6TCr	5.92TCr	5.73TCr
Total Current Liabilities	11TCr	11TCr	13TCr	15TCr	15TCr
Long-Term Debt	9.18TCr	9.87TCr	11TCr	9.9TCr	9.53TCr
Long-Term Leases	-	838.2Cr	1.03TCr	1.07TCr	1.13TCr
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	5.05TCr	4.61TCr	4.3TCr	3.84TCr	3.86TCr
Total Liabilities	25TCr	26TCr	29TCr	30TCr	29TCr
Common Stock, Total	4.52TCr	5.08TCr	5.74TCr	6.48TCr	7.38TCr
Retained Earnings	4.59TCr	1.5TCr	556.2Cr	-306.8Cr	-21Cr
Comprehensive Income and Other	-58Cr	-41Cr	16Cr	-1.11TCr	-1.15TCr
Total Common Equity	9.05TCr	6.53TCr	6.31TCr	5.07TCr	6.21TCr
Total Equity	9.05TCr	6.53TCr	6.31TCr	5.07TCr	6.21TCr
Total Liabilities And Equity	34TCr	32TCr	35TCr	35TCr	35TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.78TCr	1.7TCr	1.64TCr	1.59TCr	1.56TCr
ECS Total Common Shares Outstanding	1.78TCr	1.7TCr	1.64TCr	1.59TCr	1.56TCr
Book Value / Share	5.09	3.85	3.84	3.18	4
Tangible Book Value	9.05TCr	6.53TCr	6.31TCr	5.07TCr	6.21TCr
Tangible Book Value Per Share	5.09	3.85	3.84	3.18	4
Total Debt	11TCr	12TCr	14TCr	13TCr	12TCr
Net Debt	-9.79TCr	-6.96TCr	-5.4TCr	-3.66TCr	-3.82TCr
Debt Equivalent Oper. Leases	1.04TCr	8.64TCr	12TCr	13TCr	13TCr
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Land - (BS)	1.71TCr	1.8TCr	2TCr	2.21TCr	2.34TCr
Machinery, Total	6.98TCr	7.53TCr	7.87TCr	8.11TCr	7.83TCr
Full Time Employees	1L	1L	2L	2L	2L
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: September	2019	2020	2021	2022	2023
Net Income	5.53TCr	5.74TCr	9.47TCr	9.98TCr	9.7TCr
Depreciation & Amortization - CF	1.25TCr	1.11TCr	1.13TCr	1.11TCr	1.15TCr
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	1.25TCr	1.11TCr	1.13TCr	1.11TCr	1.15TCr
Stock-Based Compensation (CF)	606.8Cr	682.9Cr	790.6Cr	903.8Cr	1.08TCr
Other Operating Activities, Total	-99Cr	-31Cr	-492.1Cr	100.6Cr	-222.7Cr
Change In Accounts Receivable	24Cr	691.7Cr	-1.01TCr	-182.3Cr	-168.8Cr
Change In Inventories	-29Cr	-13Cr	-264.2Cr	148.4Cr	-161.8Cr
Change In Accounts Payable	-192.3Cr	-406.2Cr	1.23TCr	944.8Cr	-188.9Cr
Change in Unearned Revenues	-62Cr	208.1Cr	167.6Cr	48Cr	-
Change in Other Net Operating Assets	-90Cr	88Cr	-614.6Cr	-838.7Cr	-138.2Cr
Cash from Operations	6.94TCr	8.07TCr	10TCr	12TCr	11TCr
Capital Expenditure	-1.05TCr	-730.9Cr	-1.11TCr	-1.07TCr	-1.1TCr
Cash Acquisitions	-62Cr	-152.4Cr	-3.3Cr	-31Cr	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	5.81TCr	533.5Cr	-281.9Cr	-956Cr	1.6TCr
Other Investing Activities, Total	-107.8Cr	-79Cr	-61Cr	-178Cr	-133.7Cr
Cash from Investing	4.59TCr	-428.9Cr	-1.45TCr	-2.24TCr	370.5Cr
Short Term Debt Issued, Total	-	-	102.2Cr	395.5Cr	-
Long-Term Debt Issued, Total	696.3Cr	1.61TCr	2.04TCr	546.5Cr	522.8Cr
Total Debt Issued	696.3Cr	1.61TCr	2.14TCr	942Cr	522.8Cr
Short Term Debt Repaid, Total	-597.7Cr	-96Cr	-	-	-397.8Cr
Long-Term Debt Repaid, Total	-880.5Cr	-1.26TCr	-875Cr	-954.3Cr	-1.12TCr
Total Debt Repaid	-1.48TCr	-1.36TCr	-875Cr	-954.3Cr	-1.51TCr
Issuance of Common Stock	78Cr	88Cr	110.5Cr	-	-
Repurchase of Common Stock	-6.97TCr	-7.6TCr	-9.25TCr	-9.56TCr	-8.3TCr
Common Dividends Paid	-1.41TCr	-1.41TCr	-1.45TCr	-1.48TCr	-1.5TCr
Common & Preferred Stock Dividends Paid	-1.41TCr	-1.41TCr	-1.45TCr	-1.48TCr	-1.5TCr
Other Financing Activities, Total	-10Cr	-13Cr	-13Cr	-16Cr	-58Cr
Cash from Financing	-9.1TCr	-8.68TCr	-9.34TCr	-11TCr	-11TCr
Net Change in Cash	2.43TCr	-1.04TCr	-386Cr	-1.1TCr	576Cr
Supplemental Items
Cash Interest Paid	342.3Cr	300.2Cr	268.7Cr	286.5Cr	380.3Cr
Cash Income Tax Paid (Refund)	1.53TCr	950.1Cr	2.54TCr	1.96TCr	1.87TCr
Levered Free Cash Flow	4.29TCr	6.04TCr	7.33TCr	9.02TCr	8.22TCr
Unlevered Free Cash Flow	4.51TCr	6.22TCr	7.49TCr	9.2TCr	8.46TCr
Change In Net Working Capital	292.7Cr	-1.02TCr	125Cr	-796.5Cr	-180.7Cr
Net Debt Issued / Repaid	-781.9Cr	249.9Cr	1.27TCr	-12Cr	-990.1Cr

Fiscal Period: September	2019	2020	2021	2022	2023
Profitability
Return on Assets	11.35	12.51	20.18	21.21	20.26
Return on Total Capital	19.02	21.46	35.17	39	38.7
Return On Equity %	55.92	73.69	147.44	175.46	171.95
Return on Common Equity	55.92	73.69	147.44	175.46	171.95
Margin Analysis
Gross Profit Margin %	37.82	38.23	41.78	43.31	44.13
SG&A Margin	7.01	7.25	6.01	6.36	6.5
EBITDA Margin %	29.39	28.17	32.87	33.1	32.83
EBITA Margin %	24.57	24.15	29.78	30.29	29.82
EBIT Margin %	24.57	24.15	29.78	30.29	29.82
Income From Continuing Operations Margin %	21.24	20.91	25.88	25.31	25.31
Net Income Margin %	21.24	20.91	25.88	25.31	25.31
Net Avail. For Common Margin %	21.24	20.91	25.88	25.31	25.31
Normalized Net Income Margin	15.8	15.26	18.66	18.88	18.55
Levered Free Cash Flow Margin	16.49	22	20.04	22.88	21.44
Unlevered Free Cash Flow Margin	17.35	22.65	20.49	23.34	22.08
Asset Turnover
Asset Turnover	0.74	0.83	1.08	1.12	1.09
Fixed Assets Turnover	6.61	6.64	7.71	7.73	7.17
Receivables Turnover (Average Receivables)	11.28	14.06	17.26	14.48	13.29
Inventory Turnover (Average Inventory)	40.13	41.52	40.03	38.79	37.98
Short Term Liquidity
Current Ratio	1.54	1.36	1.07	0.88	0.99
Quick Ratio	1.38	1.22	0.91	0.71	0.84
Operating Cash Flow to Current Liabilities	0.66	0.77	0.83	0.79	0.76
Days Sales Outstanding (Average Receivables)	32.26	25.89	21.09	25.14	27.92
Days Outstanding Inventory (Average Inventory)	9.07	8.77	9.09	9.38	9.77
Average Days Payable Outstanding	114.78	95.05	81.97	97.5	109.07
Cash Conversion Cycle (Average Days)	-73.45	-60.4	-51.78	-62.98	-71.38
Long Term Solvency
Total Debt/Equity	119.4	187.14	216.39	261.45	199.42
Total Debt / Total Capital	54.42	65.17	68.39	72.33	66.6
LT Debt/Equity	101.46	163.84	189.22	216.5	171.45
Long-Term Debt / Total Capital