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.

Cash Flow Balance Sheet Income Statement

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

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.

Net Income Gross Profit

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.

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

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.

Selling General Administrative Gross Profit Other Operating Expenses

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.

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.

	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

Interest Expense Depreciation And Amortization

Apple income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Extraordinary Items	Net Income From Continuing Ops	Non Operating Income Net Other	Selling And Marketing Expenses	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.73	0.88	0.87	0.8	0.91	0.79	0.79	0.82	0.91	0.81	0.79	-0.1	0.79	0.63	0.75	-0.69	0.74	-0.05	0.71	-0.15	-0.59	-0.21	0.59
Interest Expense	0.73		0.89	0.85	0.85	0.86	0.79	0.8	0.81	0.84	0.92	0.8	-0.07	0.81	0.6	0.93	-0.28	0.71	-0.31	0.67	-0.04	-0.79	-0.15	0.85
Selling General Administrative	0.88	0.89		0.99	0.98	0.99	0.96	0.96	0.97	0.98	0.99	0.96	0.06	0.96	0.74	0.96	-0.52	0.88	-0.4	0.72	0.05	-0.86	-0.43	0.74
Total Revenue	0.87	0.85	0.99		0.99	0.99	0.98	0.98	0.99	0.99	0.98	0.98	0.09	0.99	0.76	0.94	-0.56	0.91	-0.4	0.7	0.09	-0.85	-0.46	0.69
Gross Profit	0.8	0.85	0.98	0.99		0.96	0.99	0.99	0.99	0.96	0.98	0.99	0.16	0.99	0.8	0.96	-0.47	0.9	-0.51	0.7	0.19	-0.88	-0.51	0.69
Other Operating Expenses	0.91	0.86	0.99	0.99	0.96		0.95	0.95	0.96	0.99	0.97	0.95	0.04	0.96	0.7	0.94	-0.55	0.9	-0.33	0.71	0.01	-0.83	-0.42	0.7
Operating Income	0.79	0.79	0.96	0.98	0.99	0.95		1.0	1.0	0.95	0.95	1.0	0.19	0.99	0.83	0.93	-0.5	0.9	-0.51	0.69	0.24	-0.85	-0.53	0.63
Ebit	0.79	0.8	0.96	0.98	0.99	0.95	1.0		1.0	0.95	0.96	1.0	0.17	0.99	0.83	0.93	-0.5	0.9	-0.5	0.69	0.23	-0.85	-0.52	0.64
Ebitda	0.82	0.81	0.97	0.99	0.99	0.96	1.0	1.0		0.97	0.96	1.0	0.15	0.99	0.82	0.93	-0.53	0.9	-0.47	0.7	0.2	-0.84	-0.5	0.65
Cost Of Revenue	0.91	0.84	0.98	0.99	0.96	0.99	0.95	0.95	0.97		0.95	0.96	0.02	0.97	0.71	0.91	-0.62	0.91	-0.31	0.68	-0.01	-0.81	-0.42	0.68
Total Operating Expenses	0.81	0.92	0.99	0.98	0.98	0.97	0.95	0.96	0.96	0.95		0.96	0.13	0.96	0.74	0.99	-0.41	0.87	-0.49	0.72	0.11	-0.91	-0.45	0.76
Income Before Tax	0.79	0.8	0.96	0.98	0.99	0.95	1.0	1.0	1.0	0.96	0.96		0.16	0.99	0.83	0.92	-0.51	0.9	-0.49	0.69	0.23	-0.84	-0.51	0.64
Total Other Income Expense Net	-0.1	-0.07	0.06	0.09	0.16	0.04	0.19	0.17	0.15	0.02	0.13	0.16		0.15	0.2	0.16	0.21	0.09	-0.68	0.14	0.38	-0.33	-0.51	0.0
Net Income	0.79	0.81	0.96	0.99	0.99	0.96	0.99	0.99	0.99	0.97	0.96	0.99	0.15		0.74	0.93	-0.5	0.94	-0.49	0.63	0.14	-0.88	-0.53	0.66
Income Tax Expense	0.63	0.6	0.74	0.76	0.8	0.7	0.83	0.83	0.82	0.71	0.74	0.83	0.2	0.74		0.7	-0.45	0.57	-0.39	0.78	0.51	-0.54	-0.33	0.41
Research Development	0.75	0.93	0.96	0.94	0.96	0.94	0.93	0.93	0.93	0.91	0.99	0.92	0.16	0.93	0.7		-0.29	0.84	-0.55	0.7	0.14	-0.93	-0.45	0.78
Extraordinary Items	-0.69	-0.28	-0.52	-0.56	-0.47	-0.55	-0.5	-0.5	-0.53	-0.62	-0.41	-0.51	0.21	-0.5	-0.45	-0.29		-0.5	-0.24	-0.36	0.19	0.14	0.02	-0.15
Net Income From Continuing Ops	0.74	0.71	0.88	0.91	0.9	0.9	0.9	0.9	0.9	0.91	0.87	0.9	0.09	0.94	0.57	0.84	-0.5		-0.42	0.57	0.15	-0.82	-0.53	0.53
Non Operating Income Net Other	-0.05	-0.31	-0.4	-0.4	-0.51	-0.33	-0.51	-0.5	-0.47	-0.31	-0.49	-0.49	-0.68	-0.49	-0.39	-0.55	-0.24	-0.42		-0.25	-0.49	0.73	0.61	-0.36
Selling And Marketing Expenses	0.71	0.67	0.72	0.7	0.7	0.71	0.69	0.69	0.7	0.68	0.72	0.69	0.14	0.63	0.78	0.7	-0.36	0.57	-0.25		0.44	-0.54	-0.14	0.46
Tax Provision	-0.15	-0.04	0.05	0.09	0.19	0.01	0.24	0.23	0.2	-0.01	0.11	0.23	0.38	0.14	0.51	0.14	0.19	0.15	-0.49	0.44		-0.16	-0.32	-0.18
Net Interest Income	-0.59	-0.79	-0.86	-0.85	-0.88	-0.83	-0.85	-0.85	-0.84	-0.81	-0.91	-0.84	-0.33	-0.88	-0.54	-0.93	0.14	-0.82	0.73	-0.54	-0.16		0.63	-0.76
Interest Income	-0.21	-0.15	-0.43	-0.46	-0.51	-0.42	-0.53	-0.52	-0.5	-0.42	-0.45	-0.51	-0.51	-0.53	-0.33	-0.45	0.02	-0.53	0.61	-0.14	-0.32	0.63		-0.17
Reconciled Depreciation	0.59	0.85	0.74	0.69	0.69	0.7	0.63	0.64	0.65	0.68	0.76	0.64	0.0	0.66	0.41	0.78	-0.15	0.53	-0.36	0.46	-0.18	-0.76	-0.17

Click cells to compare fundamentals

Apple Account Relationship Matchups

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

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

When determining whether Apple Inc is a strong investment it is important to analyze Apple's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Apple's future performance. For an informed investment choice regarding Apple Stock, refer to the following important reports:

How To Invest In Apple

Details

Is Apple Stock a good investment?

Details

What is Apple's Net Worth?

Details

Largest Technology Hardware, Storage & Peripherals Companies

View

Largest Technology Hardware & Equipment Companies

View

You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Apple Historical Income Statement

About Apple Income Statement Analysis

Apple Income Statement Chart

Gross Profit

Other Operating Expenses

Apple income statement Correlations

Apple Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Apple income statement Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Ebit	+ 1.0	Operating Income
Ebitda	+ 1.0	Operating Income
Income Before Tax	+ 1.0	Operating Income
Ebitda	+ 1.0	Ebit
Income Before Tax	+ 1.0	Ebit
Income Before Tax	+ 1.0	Ebitda

Net Interest Income	- 0.93	Research Development
Net Interest Income	- 0.91	Total Operating Expenses
Net Interest Income	- 0.88	Net Income
Net Interest Income	- 0.88	Gross Profit
Net Interest Income	- 0.86	Selling General Administrative
Net Interest Income	- 0.85	Ebit