Apple Historical Income Statement
| AAPL Stock | USD 249.26 1.49 0.60% |
Historical analysis of Apple income statement accounts such as Interest Expense of 4.7 B, Selling General Administrative of 27.4 B or Total Revenue of 410.6 B can show how well Apple Inc performed in making a profits. Evaluating Apple income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Apple's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Apple Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Apple Inc is a good buy for the upcoming year.
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About Apple Income Statement Analysis
Apple Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Apple shareholders. The income statement also shows Apple investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Apple Income Statement Chart
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Gross Profit
Gross profit is a required income statement account that reflects total revenue of Apple Inc minus its cost of goods sold. It is profit before Apple operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Apple Inc. It is also known as Apple overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Apple Inc income statement and represents the costs associated with goods and services Apple provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Apple Inc financial statement analysis. It represents the amount of money remaining after all of Apple Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Apple's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Apple Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. At this time, Apple's Other Operating Expenses is quite stable compared to the past year. Operating Income is expected to rise to about 129.4 B this year, although the value of Net Income From Continuing Ops will most likely fall to about 59.9 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.9B | 3.9B | 4.5B | 4.7B | Depreciation And Amortization | 11.1B | 11.5B | 11.4B | 12.0B |
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Apple income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 11.1B | 11.3B | 11.1B | 11.5B | 11.4B | 12.0B | |
| Interest Expense | 2.9B | 2.6B | 2.9B | 3.9B | 4.5B | 4.7B | |
| Selling General Administrative | 19.9B | 22.0B | 25.1B | 24.9B | 26.1B | 27.4B | |
| Total Revenue | 274.5B | 365.8B | 394.3B | 383.3B | 391.0B | 410.6B | |
| Gross Profit | 105.0B | 152.8B | 170.8B | 169.1B | 180.7B | 189.7B | |
| Other Operating Expenses | 208.3B | 256.8B | 275.1B | 269.0B | 267.8B | 281.2B | |
| Operating Income | 66.3B | 108.9B | 119.4B | 114.3B | 123.2B | 129.4B | |
| Ebit | 66.3B | 108.9B | 119.4B | 114.3B | 123.2B | 129.4B | |
| Ebitda | 77.3B | 120.2B | 130.5B | 125.8B | 134.7B | 141.4B | |
| Cost Of Revenue | 169.6B | 213.0B | 223.5B | 214.1B | 210.4B | 220.9B | |
| Total Operating Expenses | 38.8B | 43.8B | 51.6B | 54.8B | 57.5B | 60.3B | |
| Income Before Tax | 67.1B | 109.2B | 119.1B | 113.7B | 123.5B | 129.7B | |
| Total Other Income Expense Net | (803M) | 258M | (334M) | (565M) | 269M | 282.5M | |
| Net Income | 57.4B | 94.7B | 99.8B | 97.0B | 93.7B | 98.4B | |
| Income Tax Expense | 9.7B | 14.5B | 19.3B | 16.7B | 29.7B | 31.2B | |
| Research Development | 18.8B | 21.9B | 26.3B | 29.9B | 31.4B | 32.9B | |
| Net Income Applicable To Common Shares | 57.4B | 94.7B | 99.8B | 97.0B | 111.5B | 117.1B | |
| Net Income From Continuing Ops | 57.4B | 94.7B | 99.8B | 97.0B | 93.7B | 59.9B | |
| Non Operating Income Net Other | 803M | 258M | 334M | (382M) | (439.3M) | (417.3M) | |
| Tax Provision | 9.7B | 14.5B | 19.3B | 16.7B | 29.7B | 18.1B | |
| Net Interest Income | 890M | 198M | (106M) | (183M) | (164.7M) | (156.5M) | |
| Interest Income | 3.8B | 2.8B | 106M | 3.8B | 3.4B | 3.0B | |
| Reconciled Depreciation | 11.1B | 11.3B | 11.1B | 11.5B | 11.4B | 12.4B |
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Try AI Portfolio ArchitectCheck out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Technology Hardware, Storage & Peripherals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Apple. If investors know Apple will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Apple listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.34) | Dividend Share 0.98 | Earnings Share 6.07 | Revenue Per Share 25.485 | Quarterly Revenue Growth 0.061 |
The market value of Apple Inc is measured differently than its book value, which is the value of Apple that is recorded on the company's balance sheet. Investors also form their own opinion of Apple's value that differs from its market value or its book value, called intrinsic value, which is Apple's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Apple's market value can be influenced by many factors that don't directly affect Apple's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Apple's value and its price as these two are different measures arrived at by different means. Investors typically determine if Apple is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apple's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.