Apple Inc. Financial Statements — AAPL Stock

Income Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	65,225	108,249	156,508	170,910	182,795	233,715	215,639	229,234	265,595	260,174	274,515	365,817	394,328	383,285	391,035
+ Sales & Services Revenue	65,225	108,249	156,508	170,910	182,795	233,715	215,639	229,234	265,595	260,174	274,515	365,817	394,328	383,285	391,035
- Cost of Revenue	39,541	64,431	87,846	106,606	112,258	140,089	131,376	141,048	163,756	161,782	169,559	212,981	223,546	214,137	210,352
+ Cost of Goods & Services	39,541	64,431	87,846	106,606	112,258	140,089	131,376	141,048	163,756	161,782	169,559	212,981	223,546	214,137	210,352
Gross Profit	25,684	43,818	68,662	64,304	70,537	93,626	84,263	88,186	101,839	98,392	104,956	152,836	170,782	169,148	180,683
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	7,299	10,028	13,421	15,305	18,034	22,396	24,239	26,842	30,941	34,462	38,668	43,887	51,345	54,847	57,467
+ Selling, General & Admin	5,517	7,599	10,040	10,830	11,993	14,329	14,194	15,261	16,705	18,245	19,916	21,973	25,094	24,932	26,097
+ Research & Development	1,782	2,429	3,381	4,475	6,041	8,067	10,045	11,581	14,236	16,217	18,752	21,914	26,251	29,915	31,370
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	18,385	33,790	55,241	48,999	52,503	71,230	60,024	61,344	70,898	63,930	66,288	108,949	119,437	114,301	123,216
- Non-Operating (Income) Loss	-155	-415	-522	-1,156	-980	-1,285	-1,348	-2,745	-2,005	-1,807	-803	-258	334	565	-269
+ Interest Expense, Net	-311	-519	-1,088	-1,480	-1,411	-2,188	-2,543	-2,878	-2,446	-1,385	-890	-198	106	183	- -
+ Interest Expense	- -	- -	- -	136	384	733	1,456	2,323	3,240	3,576	2,873	2,645	2,931	3,933	- -
- Interest Income	311	519	1,088	1,616	1,795	2,921	3,999	5,201	5,686	4,961	3,763	2,843	2,825	3,750	- -
+ Other Non-Op (Income) Loss	156	104	566	324	431	903	1,195	133	441	-422	87	-60	228	382	-269
Pretax Income	18,540	34,205	55,763	50,155	53,483	72,515	61,372	64,089	72,903	65,737	67,091	109,207	119,103	113,736	123,485
- Income Tax Expense (Benefit)	4,527	8,283	14,030	13,118	13,973	19,121	15,685	15,738	13,372	10,481	9,680	14,527	19,300	16,741	29,749
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	14,013	25,922	41,733	37,037	39,510	53,394	45,687	48,351	59,531	55,256	57,411	94,680	99,803	96,995	93,736
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	14,013	25,922	41,733	37,037	39,510	53,394	45,687	48,351	59,531	55,256	57,411	94,680	99,803	96,995	93,736
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	14,013	25,922	41,733	37,037	39,510	53,394	45,687	48,351	59,531	55,256	57,411	94,680	99,803	96,995	93,736
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	14,013	25,922	41,733	37,037	39,510	53,394	45,687	48,351	59,531	55,256	57,411	94,680	99,803	96,995	93,736
Basic Weighted Avg Shares	25,465	25,879	26,175	25,909	24,342	23,014	21,883	20,869	19,822	18,471	17,352	16,701	16,216	15,744	15,344
Basic EPS, GAAP	0.55	1	1.59	1.43	1.62	2.32	2.09	2.32	3	2.99	3.31	5.67	6.15	6.16	6.11
Basic EPS from Cont Ops	0.55	1	1.59	1.43	1.62	2.32	2.09	2.32	3	2.99	3.31	5.67	6.15	6.16	6.11
Diluted Weighted Avg Shares	25,892	26,226	26,470	26,087	24,491	23,172	22,001	21,007	20,000	18,596	17,528	16,865	16,326	15,813	15,408
Diluted EPS, GAAP	0.54	0.99	1.58	1.42	1.61	2.3	2.08	2.3	2.98	2.97	3.28	5.61	6.11	6.13	6.08
Diluted EPS from Cont Ops	0.54	0.99	1.58	1.42	1.61	2.3	2.08	2.3	2.98	2.97	3.28	5.61	6.11	6.13	6.08
EBITDA	19,412	35,604	58,518	55,756	60,449	82,487	70,529	71,501	81,801	76,477	77,344	120,233	130,541	125,820	134,661
EBITDA Margin (%)	29.76	32.89	37.39	32.62	33.07	35.29	32.71	31.19	30.8	29.39	28.17	32.87	33.1	32.83	34.44
EBITA	18,385	33,790	55,241	48,999	52,503	71,230	60,024	61,344	70,898	63,930	66,288	108,949	119,437	114,301	123,216
EBIT	18,385	33,790	55,241	48,999	52,503	71,230	60,024	61,344	70,898	63,930	66,288	108,949	119,437	114,301	123,216
Gross Margin (%)	39.38	40.48	43.87	37.62	38.59	40.06	39.08	38.47	38.34	37.82	38.23	41.78	43.31	44.13	46.21
Operating Margin (%)	28.19	31.22	35.3	28.67	28.72	30.48	27.84	26.76	26.69	24.57	24.15	29.78	30.29	29.82	31.51
Profit Margin (%)	21.48	23.95	26.67	21.67	21.61	22.85	21.19	21.09	22.41	21.24	20.91	25.88	25.31	25.31	23.97
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	0.1	0.41	0.46	0.5	0.56	0.61	0.69	0.76	0.81	0.87	0.92	0.95	0.99
Depreciation Expense	1,027	1,814	3,277	6,757	7,946	11,257	10,505	10,157	10,903	12,547	11,056	11,284	11,104	11,519	11,445

Balance Sheet	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	41,678	44,988	57,653	73,286	68,531	89,378	106,869	128,645	131,339	162,819	143,713	134,836	135,405	143,566	152,987
+ Cash, Cash Equivalents & STI	25,620	25,952	29,129	40,546	25,077	41,601	67,155	74,181	66,301	100,557	90,943	62,639	48,304	61,555	65,171
+ Cash & Cash Equivalents	11,261	9,815	10,746	14,259	13,844	21,120	20,484	20,289	25,913	48,844	38,016	34,940	23,646	29,965	29,943
+ ST Investments	14,359	16,137	18,383	26,287	11,233	20,481	46,671	53,892	40,388	51,713	52,927	27,699	24,658	31,590	35,228
+ Accounts & Notes Receiv	9,924	11,717	18,692	20,641	27,219	30,343	29,299	35,673	48,995	45,804	37,445	51,506	60,932	60,985	66,243
+ Accounts Receivable, Net	5,510	5,369	10,930	13,102	17,460	16,849	15,754	17,874	23,186	22,926	16,120	26,278	28,184	29,508	33,410
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	4,414	6,348	7,762	7,539	9,759	13,494	13,545	17,799	25,809	22,878	21,325	25,228	32,748	31,477	32,833
+ Inventories	1,051	776	791	1,764	2,111	2,349	2,132	4,855	3,956	4,106	4,061	6,580	4,946	6,331	7,286
+ Raw Materials	- -	- -	124	683	471	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	667	1,081	1,640	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	1,051	776	- -	- -	- -	2,349	2,132	4,855	3,956	4,106	4,061	6,580	4,946	6,331	7,286
+ Other ST Assets	5,083	6,543	9,041	10,335	14,124	15,085	8,283	13,936	12,087	12,352	11,264	14,111	21,223	14,695	14,287
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	33,505	71,383	118,411	133,714	163,308	200,967	214,817	246,674	234,386	175,697	180,175	216,166	217,350	209,017	211,993
+ Property, Plant & Equip, Net	4,768	7,777	15,452	16,597	20,624	22,471	27,010	33,783	41,304	37,378	45,336	49,527	42,117	43,715	45,680
+ Property, Plant & Equip	7,234	11,768	21,887	28,519	39,015	49,257	61,245	75,076	90,403	95,957	112,096	119,810	114,457	114,599	119,128
- Accumulated Depreciation	2,466	3,991	6,435	11,922	18,391	26,786	34,235	41,293	49,099	58,579	66,760	70,283	72,340	70,884	73,448
+ LT Investments & Receivables	25,391	55,618	92,122	106,215	130,162	164,065	170,430	194,714	170,799	105,341	100,887	127,877	120,805	100,544	91,479
+ LT Investments	25,391	55,618	92,122	106,215	130,162	164,065	170,430	194,714	170,799	105,341	100,887	127,877	120,805	100,544	91,479
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	3,346	7,988	10,837	10,902	12,522	14,431	17,377	18,177	22,283	32,978	33,952	38,762	54,428	64,758	74,834
+ Total Intangible Assets	1,083	4,432	5,359	5,756	8,758	9,009	8,620	8,015	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	741	896	1,135	1,577	4,616	5,116	5,414	5,717	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	342	3,536	4,224	4,179	4,142	3,893	3,206	2,298	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	2,263	3,556	5,478	5,146	3,764	5,422	8,757	10,162	22,283	32,978	33,952	38,762	54,428	64,758	74,834
Total Assets	75,183	116,371	176,064	207,000	231,839	290,345	321,686	375,319	365,725	338,516	323,888	351,002	352,755	352,583	364,980
+ Payables & Accruals	13,382	17,610	25,258	27,825	48,649	60,671	59,321	44,242	55,888	46,236	42,296	54,763	70,667	71,430	95,561
+ Accounts Payable	12,015	14,632	21,175	22,367	30,196	35,490	37,294	44,242	55,888	46,236	42,296	54,763	64,115	62,611	68,960
+ Accrued Taxes	210	1,140	1,535	1,200	1,209	- -	- -	- -	- -	- -	- -	- -	6,552	8,819	26,601
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1,157	1,838	2,548	4,258	17,244	25,181	22,027	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	- -	- -	- -	- -	6,308	10,999	11,605	18,473	20,748	16,240	15,229	17,141	22,773	15,807	20,879
+ ST Borrowings	- -	- -	- -	- -	6,308	10,999	11,605	18,473	20,748	16,240	13,769	15,613	21,110	15,807	20,879
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,460	1,528	1,663	1,575	- -
+ Other ST Liabilities	7,340	10,360	13,284	15,833	8,491	8,940	8,080	38,099	39,293	43,242	47,867	53,577	60,542	58,071	59,952
+ Deferred Revenue	2,984	4,091	5,953	7,435	8,491	8,940	8,080	7,548	5,966	5,522	6,643	7,612	7,912	8,061	8,249
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	4,356	6,269	7,331	8,398	- -	- -	- -	30,551	33,327	37,720	41,224	45,965	52,630	50,010	51,703
Total Current Liabilities	20,722	27,970	38,542	43,658	63,448	80,610	79,006	100,814	115,929	105,718	105,392	125,481	153,982	145,308	176,392
+ LT Debt	- -	- -	- -	16,960	28,987	53,329	75,427	97,207	93,735	91,807	107,049	119,381	109,707	95,281	85,750
+ LT Borrowings	- -	- -	- -	16,960	28,987	53,329	75,427	97,207	93,735	91,807	98,667	109,106	98,959	95,281	85,750
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8,382	10,275	10,748	11,267	- -
+ Other LT Liabilities	6,670	11,786	19,312	22,833	27,857	37,051	39,004	43,251	48,914	50,503	46,108	43,050	38,394	49,848	45,888
+ Accrued Liabilities	5,439	9,845	16,495	19,114	23,290	27,686	28,949	34,340	3,223	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	1,231	1,941	2,817	3,719	4,567	9,365	10,055	8,911	45,691	50,503	46,108	43,050	38,394	49,848	45,888
Total Noncurrent Liabilities	6,670	11,786	19,312	39,793	56,844	90,380	114,431	140,458	142,649	142,310	153,157	162,431	148,101	145,129	131,638
Total Liabilities	27,392	39,756	57,854	83,451	120,292	170,990	193,437	241,272	258,578	248,028	258,549	287,912	302,083	290,437	308,030
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	10,668	13,331	16,422	19,764	23,313	27,416	31,251	35,867	40,201	45,174	50,779	57,365	64,849	73,812	83,276
+ Common Stock	10,668	13,331	16,422	19,764	23,313	27,416	31,251	35,867	40,201	45,174	50,779	57,365	64,849	73,812	83,276
+ Additional Paid in Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	37,169	62,841	101,289	104,256	87,152	92,284	96,364	98,330	70,400	45,898	14,966	5,562	-3,068	-214	-19,154
+ Other Equity	-46	443	499	-471	1,082	-345	634	-150	-3,454	-584	-406	163	-11,109	-11,452	-7,172
Equity Before Minority Interest	47,791	76,615	118,210	123,549	111,547	119,355	128,249	134,047	107,147	90,488	65,339	63,090	50,672	62,146	56,950
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	47,791	76,615	118,210	123,549	111,547	119,355	128,249	134,047	107,147	90,488	65,339	63,090	50,672	62,146	56,950
Total Liabilities & Equity	75,183	116,371	176,064	207,000	231,839	290,345	321,686	375,319	365,725	338,516	323,888	351,002	352,755	352,583	364,980
Shares Outstanding	25,647	26,020	26,298	25,178	23,465	22,315	21,345	20,505	19,020	17,773	16,977	16,427	15,943	15,550	15,117
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9,842	11,803	12,411	12,842	- -
Net Debt	-11,261	-9,815	-10,746	2,701	21,451	43,208	66,548	95,391	88,570	59,203	74,420	89,779	96,423	81,123	76,686
Net Debt to Equity	-23.56	-12.81	-9.09	2.19	19.23	36.2	51.89	71.16	82.66	65.43	113.9	142.3	190.29	130.54	134.65
Tangible Common Equity Ratio	63.03	64.48	66.11	58.53	46.08	39.22	38.21	34.31	29.3	26.73	20.17	17.97	14.36	17.63	15.6
Current Ratio	2.01	1.61	1.5	1.68	1.08	1.11	1.35	1.28	1.13	1.54	1.36	1.07	0.88	0.99	0.87
Cash Conversion Cycle	-48.33	-52.28	-52.12	-43.83	-48.38	-52.83	-67.46	-67.69	-74.17	-73.66	-60.57	-51.93	-63.15	-70.23	-72.46
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	14,013	25,922	41,733	37,037	39,510	53,394	45,687	48,351	59,531	55,256	57,411	94,680	99,803	96,995	93,736
+ Depreciation & Amortization	1,027	1,814	3,277	6,757	7,946	11,257	10,505	10,157	10,903	12,547	11,056	11,284	11,104	11,519	11,445
+ Non-Cash Items	2,319	4,036	6,145	3,394	5,210	5,353	9,634	10,640	-27,694	5,076	6,517	2,985	10,044	8,606	9,422
+ Stock-Based Compensation	879	1,168	1,740	2,253	2,863	3,586	4,210	4,840	5,340	6,068	6,829	7,906	9,038	10,833	11,688
+ Deferred Income Taxes	1,440	2,868	4,405	1,141	2,347	1,382	4,938	5,966	-32,590	-340	-215	-4,774	895	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	- -	- -	- -	- -	385	486	-166	-444	-652	-97	-147	111	-2,227	-2,266
+ Chg in Non-Cash Work Cap	1,236	5,757	-299	6,478	7,047	11,262	405	-4,923	34,694	-3,488	5,690	-4,911	1,200	-6,577	3,651
+ (Inc) Dec in Accts Receiv	-4,860	-1,791	-6,965	-1,949	-6,452	-3,318	476	-6,347	-13,332	3,176	8,470	-14,028	-9,343	-417	-5,144
+ (Inc) Dec in Inventories	-596	275	-15	-973	-76	-238	217	-2,723	828	-289	-127	-2,642	1,484	-1,618	-1,046
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	6,307	2,515	4,467	2,340	5,938	5,001	2,117	8,966	9,175	-1,923	-4,062	12,326	9,448	-1,889	6,020
+ Inc (Dec) in Other	385	4,758	2,214	7,060	7,637	9,817	-2,405	-4,819	38,023	-4,452	1,409	-567	-389	-2,653	3,821
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	18,595	37,529	50,856	53,666	59,713	81,266	66,231	64,225	77,434	69,391	80,674	104,038	122,151	110,543	118,254
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-2,121	-7,452	-9,402	-9,076	-9,813	-11,488	-13,548	-12,795	-13,313	-10,495	-7,309	-11,085	-10,708	-10,959	-9,447
+ Acq of Fixed Prod Assets	-2,005	-4,260	-8,295	-8,165	-9,571	-11,247	-12,734	-12,451	-13,313	-10,495	-7,309	-11,085	-10,708	-10,959	-9,447
+ Acq of Intangible Assets	-116	-3,192	-1,107	-911	-242	-241	-814	-344	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-11,075	-32,464	-38,427	-24,042	-9,027	-44,417	-32,022	-33,542	30,845	58,093	5,453	-3,075	-9,560	16,001	13,690
+ Dec in LT Investment	46,718	69,853	112,805	124,447	208,111	121,985	111,794	126,465	104,072	98,724	120,391	106,483	67,363	45,514	62,346
+ Inc in LT Investment	-57,793	-102,317	-151,232	-148,489	-217,138	-166,402	-143,816	-160,007	-73,227	-40,631	-114,938	-109,558	-76,923	-29,513	-48,656
+ Net Cash From Acq & Div	-638	-244	-350	-496	-3,765	-343	-297	-329	-721	-624	-1,524	-33	-306	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-638	-244	-350	-496	-3,765	-343	-297	-329	-721	-624	-1,524	-33	-306	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-20	-259	-48	-160	26	-26	-110	220	-745	-1,078	-909	-352	-1,780	-1,337	-1,308
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-13,854	-40,419	-48,227	-33,774	-22,579	-56,274	-45,977	-46,446	16,066	45,896	-4,289	-14,545	-22,354	3,705	2,935
+ Dividends Paid	- -	- -	-2,488	-10,564	-11,126	-11,561	-12,150	-12,769	-13,712	-14,119	-14,081	-14,467	-14,841	-15,025	-15,234
+ Net Cash From Debt	- -	- -	- -	16,896	11,960	27,114	22,454	25,162	469	-1,842	3,462	11,643	-4,078	-5,923	-9,958
+ Cash From Debt	- -	- -	- -	16,896	11,960	27,114	24,954	28,662	6,969	6,963	16,091	20,393	5,465	5,228	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	-2,500	-3,500	-6,500	-8,805	-12,629	-8,750	-9,543	-11,151	-9,958
+ Cash (Repurchase) of Equity	912	831	665	-22,330	-44,270	-34,710	-29,227	-32,345	-72,069	-66,116	-71,478	-84,866	-89,402	-77,550	-94,949
+ Increase in Capital Stock	912	831	665	530	730	543	495	555	669	781	880	1,105	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	-22,860	-45,000	-35,253	-29,722	-32,900	-72,738	-66,897	-72,358	-85,971	-89,402	-77,550	-94,949
+ Other Financing Activities	345	613	125	-381	5,887	1,441	-1,967	1,978	-2,564	-8,899	-4,723	-5,663	-2,428	-9,990	-1,842
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	1,257	1,444	-1,698	-16,379	-37,549	-17,716	-20,890	-17,974	-87,876	-90,976	-86,820	-93,353	-110,749	-108,488	-121,983
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	5,998	-1,446	931	3,513	-415	7,276	-636	-195	5,624	24,311	-10,435	-3,860	-10,952	5,760	-794
Capital Expenditures	-2,121	-7,452	-9,402	-9,076	-9,813	-11,488	-13,548	-12,795	-13,313	-10,495	-7,309	-11,085	-10,708	-10,959	-9,447
EBITDA	19,412	35,604	58,518	55,756	60,449	82,487	70,529	71,501	81,801	76,477	77,344	120,233	130,541	125,820	134,661
EBITDA Margin (%)	29.76	32.89	37.39	32.62	33.07	35.29	32.71	31.19	30.8	29.39	28.17	32.87	33.1	32.83	34.44
Net Cash Paid for Acquisitions	638	244	350	496	3,765	343	297	329	721	624	1,524	33	306	- -	- -
Free Cash Flow	16,474	30,077	41,454	44,590	49,900	69,778	52,683	51,430	64,121	58,896	73,365	92,953	111,443	99,584	108,807
Free Cash Flow to Firm	16,474	30,077	41,454	44,690	50,184	70,318	53,767	53,183	66,767	61,902	75,823	95,246	113,899	102,938	108,807
Free Cash Flow to Equity	16,590	33,269	42,561	62,397	62,102	97,133	75,951	76,936	64,590	57,054	76,827	104,596	107,365	93,661	98,849
Free Cash Flow per Basic Share	0.65	1.16	1.58	1.72	2.05	3.03	2.41	2.46	3.23	3.19	4.23	5.57	6.87	6.33	7.09
Price/Free Cash Flow	10.69	6.7	8.86	6.14	7.87	6.22	7.18	9.85	11.84	12.6	22.52	20.37	16.78	22.14	28.08
Cash Flow to Net Income	1.33	1.45	1.22	1.45	1.51	1.52	1.45	1.33	1.3	1.26	1.41	1.1	1.22	1.14	1.26

Apple Inc.

Income Statement

Balance Sheet

Cash Flow Statement