Apple was founded in 1976 and is headquartered in Cupertino, US

CEO

CFO

COO

SVP Internet Software and Services

SVP & General Counsel

SVP Hardware Engineering

SVP Software Engineering

SVP Hardware Technologies

Chief Design Officer

SVP, Worldwide Product Marketing

SVP Retail

Apple has offices in Cupertino, Austin, Kansas City, Seattle and in 23 other locations

Cupertino, US (HQ)

1 Infinite Loop

Berlin, DE

34 Markgrafenstraße

Apple's revenue was reported to be $52.9 b in Q2, 2017 which is a **32% decrease** from the previous period.

## Revenue (Q2, 2017) | $52.9 b |

## Gross profit (Q2, 2017) | $20.6 b |

## Gross profit margin (Q2, 2017), % | 39% |

## Net income (Q2, 2017) | $11 b |

## EBIT (Q2, 2017) | $14.1 b |

## Market capitalization (23-May-2017) | $801.9 b |

## Closing share price (23-May-2017) | $154 |

## Cash (30-Jun-2017) | $15.2 b |

## EV | $871.3 b |

Apple's current market capitalization is $801.9 b.

- Source: SEC Filings

FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | Q1, 2017^{} | Q2, 2017^{} | |
---|---|---|---|---|---|

## Revenue | $182.8 b | $233.7 b | $215.6 b | $78.4 b | $52.9 b |

## Revenue growth, % | 7% | 28% | (8%) | ||

## Cost of goods sold | $112.3 b | $140.1 b | $131.4 b | $48.2 b | $32.3 b |

## Gross profit | $70.5 b | $93.6 b | $84.3 b | $30.2 b | $20.6 b |

## Gross profit Margin, % | 39% | 40% | 39% | 39% | 39% |

## R&D expense | $6 b | $8.1 b | $10 b | $2.9 b | $2.8 b |

## General and administrative expense | $12 b | $14.3 b | $14.2 b | $3.9 b | $3.7 b |

## Operating expense total | $18 b | $22.4 b | $24.2 b | $6.8 b | $6.5 b |

## EBIT | $52.5 b | $71.2 b | $60 b | $24.2 b | $14.1 b |

## EBIT margin, % | 29% | 30% | 28% | 31% | 27% |

## Interest expense | $384 m | $733 m | $1.5 b | ||

## Interest income | $1.8 b | $2.9 b | $4 b | ||

## Pre tax profit | $53.5 b | $72.5 b | $61.4 b | $24.2 b | $14.7 b |

## Income tax expense | $14 b | $19.1 b | $15.7 b | ||

## Net Income | $39.5 b | $53.4 b | $45.7 b | $17.9 b | $11 b |

- Source: SEC Filings

FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | Q2, 2017^{} | |
---|---|---|---|---|---|

## Cash | $14.3 b | $13.8 b | $21.1 b | $20.5 b | $15.2 b |

## Inventories | $1.8 b | $2.1 b | $2.3 b | $2.1 b | $2.9 b |

## Current Assets | $73.3 b | $68.5 b | $89.4 b | $106.9 b | $102 b |

## PP&E | $16.6 b | $20.6 b | $22.5 b | $27 b | $27.2 b |

## Goodwill | $1.6 b | $4.6 b | $5.1 b | $5.4 b | $5.5 b |

## Total Assets | $207 b | $231.8 b | $290.5 b | $321.7 b | $334.5 b |

## Accounts Payable | $22.4 b | $30.2 b | $35.5 b | $37.3 b | $28.6 b |

## Total Debt | $17 b | $29 b | $53.5 b | $75.4 b | $84.5 b |

## Current Liabilities | $43.7 b | $63.4 b | $80.6 b | $79 b | $73.3 b |

## Retained Earnings | $104.3 b | $87.2 b | $92.3 b | $96.4 b | $100.9 b |

## Total Equity | $123.5 b | $111.5 b | $119.4 b | $128.2 b | $134.1 b |

## Debt to Equity Ratio | 0.1 x | 0.3 x | 0.4 x | 0.6 x | 0.6 x |

## Debt to Assets Ratio | 0.1 x | 0.1 x | 0.2 x | 0.2 x | 0.3 x |

## Financial Leverage | 1.7 x | 2.1 x | 2.4 x | 2.5 x | 2.5 x |

FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | Q2, 2017^{} | |
---|---|---|---|---|---|

## Net Income | $37 b | $39.5 b | $53.4 b | $45.7 b | $11 b |

## Accounts Receivable | ($2.2 b) | ($4.2 b) | $611 m | $1.1 b | $7.4 b |

## Inventories | ($973 m) | ($76 m) | ($238 m) | $217 m | ($198 m) |

## Accounts Payable | $2.3 b | $5.9 b | $5.4 b | $1.8 b | ($9.3 b) |

## Cash From Operating Activities | $53.7 b | $59.7 b | $81.3 b | $65.8 b | $12.5 b |

## Purchases of PP&E | ($8.2 b) | ($9.6 b) | ($11.2 b) | ($12.7 b) | ($3 b) |

## Cash From Investing Activities | ($33.8 b) | ($22.6 b) | ($56.3 b) | ($46 b) | ($14.2 b) |

## Dividends Paid | ($10.6 b) | ($11.1 b) | ($11.6 b) | ($12.2 b) | ($3 b) |

## Cash From Financing Activities | ($16.4 b) | ($37.5 b) | ($17.7 b) | ($20.5 b) | $465 m |

## Income Taxes Paid | $9.1 b | $10 b | $13.3 b | $10.4 b | $3.4 b |

Y, 2017 | |
---|---|

## EV/EBIT | 61.8 x |

## EV/CFO | 69.6 x |

## Debt/Equity | 0.6 x |

## Debt/Assets | 0.3 x |

## Financial Leverage | 2.5 x |

FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | Q1, 2017 | Q2, 2017 | |
---|---|---|---|---|---|---|

## Mobile Phones Sold | 150.26 m^{} | 169.22 m^{} | 231.22 m^{} | 211.88 m^{} | 78.29 m^{} | 50.76 m^{} |

## Tablets Sold | 71.03 m^{} | 67.98 m^{} | 54.86 m^{} | 45.59 m^{} | 13.08 m^{} | 8.92 m^{} |

## Computers Sold | 16.34 m^{} | 18.91 m^{} | 20.59 m^{} | 18.48 m^{} | 5.37 m^{} | 4.2 m^{} |

## Wearables Sold | ^{} | ^{} | ^{} | ^{} | 3.5 m^{} | ^{} |

- Source: Telegraph, MacRumors, SEC Filings

Acquired Company | Date | Deal Size |
---|---|---|

Beddit | May 09, 2017 | |

tuplejump | September 23, 2016 | |

Turi | August 05, 2016 | |

Flyby Media | January 29, 2016 | |

LearnSprout | January 28, 2016 | |

Emotient | January 07, 2016 | |

VocalIQ | October 02, 2015 | |

Mapsense | September 15, 2015 | $25 m |

Privaris | June 26, 2015 | |

metaio | May 28, 2015 | |

Dryft | April 08, 2015 | |

FoundationDB | March 24, 2015 | |

Semetric | January 21, 2015 | |

Union Bay Networks | November 03, 2014 | |

Prss | September 23, 2014 | |

Concept.io | July 28, 2014 | $30 m |

Booklamp | July 25, 2014 | |

Spotsetter | June 06, 2014 | |

Beats Electronics | May 28, 2014 | $3 b |

Novauris | April 04, 2014 | |

Burstly | February 21, 2014 | |

SnappyLabs | January 06, 2014 | |

BroadMap | December 23, 2013 | |

Topsy Labs | December 02, 2013 | $200 m |

Acunu | December 01, 2013 | |

Cue | October 04, 2013 | $50 m |

AlgoTrim | August 28, 2013 | |

Embark1 | August 22, 2013 | |

Matcha | August 13, 2013 | |

Locationary | July 19, 2013 | |

PrimeSense | July 18, 2013 | $345 m |

Catch.com | July 01, 2013 | |

WiFiSLAM | March 24, 2013 | $20 m |

Color Labs | November 12, 2012 | $7 m |

Particle | October 18, 2012 | |

AuthenTec | July 27, 2012 | $356 m |

MOG | July 02, 2012 | |

Chomp | February 23, 2012 | |

Anobit Technologies | December 13, 2011 | $450 m |

Polar Rose | September 20, 2010 | $29 m |

Poly9 | July 01, 2010 | |

imsense | July 01, 2010 | |

Siri | April 28, 2010 | |

Intrinsity | April 27, 2010 | $121 m |

Quattro Wireless | January 05, 2010 | $275 m |

Lala | December 05, 2009 | $17 m |

Placebase | July 01, 2009 | |

PowerSchool | March 13, 2001 | |

Raycer Graphics | November 02, 1999 |

Apple's employees are reported to be approximately 32% female and 68% male.

Source: 5.5 k public H-1B filings from Apple