Apple Financials

$88.3 B

Revenue Q1, 2018

$889.4 B

Mkt cap, 16-Feb-2018
Gross profit (Q1, 2018)33.9 B
Gross profit margin (Q1, 2018), %38%
Net income (Q1, 2018)20.1 B
EBIT (Q1, 2018)26.3 B
Cash, 30-Dec-201727.5 B
EV984.3 B

Financials

Market Value

Revenue/Financials

Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017

Cash

21.1 b20.5 b20.3 b

Accounts Receivable

16.8 b15.8 b17.9 b

Inventories

2.3 b2.1 b4.9 b

Current Assets

89.4 b106.9 b128.6 b

PP&E

22.5 b27 b33.8 b

Goodwill

5.1 b5.4 b5.7 b

Total Assets

290.3 b321.7 b375.3 b

Accounts Payable

35.5 b37.3 b49 b

Short-term debt

11 b11.6 b18.5 b

Current Liabilities

80.6 b79 b100.8 b

Long-term debt

53.5 b75.4 b97.2 b

Non-Current Liabilities

90.4 b114.4 b140.5 b

Total Debt

64.5 b87 b115.7 b

Total Liabilities

171 b193.4 b241.3 b

Common Stock

27.4 b31.3 b35.9 b

Retained Earnings

92.3 b96.4 b98.3 b

Total Equity

119.4 b128.2 b134 b

EPS

9.28.39.2

Debt to Equity Ratio

0.5 x0.7 x0.9 x

Debt to Assets Ratio

0.2 x0.3 x0.3 x

Financial Leverage

2.4 x2.5 x2.8 x

    Quarterly

    USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

    Cash

    19.5 b14.5 b15.3 b16.7 b21.5 b18.2 b16.4 b15.2 b18.6 b27.5 b

    Accounts Receivable

    16.7 b10.9 b10.4 b13 b12.2 b11.7 b14.1 b11.6 b12.4 b23.4 b

    Inventories

    2.3 b2.4 b2 b2.5 b2.3 b1.8 b2.7 b2.9 b3.1 b4.4 b

    Current Assets

    83.4 b67.9 b71 b76.2 b87.6 b93.8 b103 b102 b112.9 b143.8 b

    PP&E

    20.4 b20.2 b21.1 b22.3 b23.2 b25.4 b26.5 b27.2 b29.3 b33.7 b

    Goodwill

    4.6 b4.7 b5 b5.2 b5.2 b5.3 b5.4 b5.5 b5.7 b5.9 b

    Total Assets

    262 b261 b273 b293 b305 b306 b331 b334.5 b345.2 b406.8 b

    Accounts Payable

    38 b23.2 b26.5 b33.3 b25.1 b26.3 b38.5 b28.6 b31.9 b63 b

    Short-term debt

    3.9 b3.8 b7 b9.8 b10.5 b16 b14 b14 b18.5 b18.5 b

    Current Liabilities

    73.6 b58.7 b65.3 b76.1 b68.3 b71.5 b84.1 b73.3 b81.3 b115.8 b

    Long-term debt

    32.5 b40.1 b47.4 b53.2 b69.4 b68.9 b73.6 b84.5 b89.9 b103.9 b

    Non-Current Liabilities

    65 b73.5 b82.2 b88.9 b106.6 b107.6 b114.6 b127.1 b131.4 b150.8 b

    Total Debt

    36.4 b43.9 b54.4 b63 b79.9 b84.9 b87.5 b98.5 b108.3 b122.4 b

    Total Liabilities

    138.6 b132.2 b147.5 b165 b174.8 b179.1 b198.8 b200.5 b212.7 b266.6 b

    Common Stock

    24.2 b25.4 b26.3 b28.3 b29.5 b30.1 b32.1 b33.6 b34.4 b36.4 b

    Retained Earnings

    97.2 b101 b98.3 b101 b102 b96.5 b100 b100.9 b98.5 b104.6 b

    Total Equity

    123 b129 b126 b128 b130 b127 b132 b134.1 b132.4 b140.2 b

    EPS

    3.12.31.93.31.91.43.42.11.73.9

    Debt to Equity Ratio

    0.3 x0.3 x0.4 x0.5 x0.6 x0.7 x0.7 x0.7 x0.8 x0.9 x

    Debt to Assets Ratio

    0.1 x0.2 x0.2 x0.2 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x

    Financial Leverage

    2.1 x2 x2.2 x2.3 x2.3 x2.4 x2.5 x2.5 x2.6 x2.9 x

      Cash Flow

      Annual

      USDFY, 2015FY, 2016FY, 2017

      Net Income

      53.4 b45.7 b48.4 b

      Depreciation and Amortization

      11.3 b10.5 b10.2 b

      Accounts Receivable

      611 m1.1 b(2.1 b)

      Inventories

      (238 m)217 m(2.7 b)

      Accounts Payable

      5.4 b1.8 b9.6 b

      Cash From Operating Activities

      81.3 b65.8 b63.6 b

      Purchases of PP&E

      (11.2 b)(12.7 b)(12.5 b)

      Cash From Investing Activities

      (56.3 b)(46 b)(46.4 b)

      Short-term Borrowings

      2.2 b(397 m)3.9 b

      Dividends Paid

      (11.6 b)(12.2 b)12.8 b

      Cash From Financing Activities

      (17.7 b)(20.5 b)(17.3 b)

      Net Change in Cash

      7.3 b(636 m)(195 m)

      Interest Paid

      514 m1.3 b2.1 b

      Income Taxes Paid

      13.3 b10.4 b11.6 b

        Quarterly

        USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

        Net Income

        18 b31.6 b42.3 b18.4 b28.9 b36.7 b17.9 b28.9 b37.6 b20.1 b

        Depreciation and Amortization

        2.6 b5.1 b8.1 b3 b5.4 b8 b3 b5.3 b7.7 b2.7 b

        Accounts Receivable

        751 m6.6 b7.1 b3.9 b4.6 b5.1 b1.7 b4.2 b3.4 b(5.6 b)

        Inventories

        (172 m)(285 m)69 m(102 m)68 m518 m(580 m)(778 m)(1 b)434 m

        Accounts Payable

        9 b(5.4 b)(3.3 b)(852 m)(9.4 b)(9.6 b)2.5 b(6.9 b)(5.2 b)14.6 b

        Cash From Operating Activities

        33.7 b52.8 b67.8 b27.5 b39.1 b49.7 b27.1 b39.6 b47.9 b28.3 b

        Purchases of PP&E

        (3.2 b)(5.6 b)(7.6 b)(3.6 b)(5.9 b)(8.8 b)(3.3 b)(6.3 b)(8.6 b)(2.8 b)

        Cash From Investing Activities

        (21.2 b)(43.5 b)(54.9 b)(20.5 b)(34.1 b)(38.6 b)(19.1 b)(33.3 b)(36.5 b)(13.6 b)

        Short-term Borrowings

        (2.4 b)(2.5 b)(1.8 b)(1.2 b)(503 m)4 b2.4 b1.9 b3.9 b2 m

        Long-term Borrowings

        (2.5 b)(3.5 b)

        Dividends Paid

        (2.8 b)(5.5 b)(8.6 b)(3 b)(5.9 b)(9.1 b)(3.1 b)(6.1 b)(9.5 b)(3.3 b)

        Cash From Financing Activities

        (6.9 b)(8.7 b)(11.4 b)(11.4 b)(4.6 b)(14 b)(12 b)(11.6 b)(13.4 b)(7.5 b)

        Net Change in Cash

        5.6 b645 m1.5 b(4.4 b)394 m(2.9 b)(4.1 b)(5.3 b)(1.9 b)7.2 b

        Interest Paid

        202 m220 m427 m396 m565 m892 m497 m1 b1.5 b623 m

        Income Taxes Paid

        3.9 b7.1 b10.6 b3.4 b6.6 b9 b3.5 b6.9 b9.8 b3.6 b

          Ratios

          Y, 2017

          EV/EBIT

          37.5 x

          EV/CFO

          34.8 x

          Debt/Equity

          0.9 x

          Debt/Assets

          0.3 x

          Financial Leverage

          2.9 x

          Operating Metrics

          Apple's Mobile Phones Sold was reported to be 77.3 m in Q1, 2018. Apple's Stores was reported to be 496 in May, 2017
          FY, 2013FY, 2014Q1, 2015Q2, 2015Apr, 2015Q3, 2015Aug, 2015Q4, 2015FY, 2015Q1, 2016Dec, 2015Mar, 2016Q2, 2016May, 2016Q3, 2016Jul, 2016Q4, 2016FY, 2016Sep, 2016Q1, 2017Q2, 2017Apr, 2017May, 2017Jun, 2017Q3, 2017Jul, 2017Sep, 2017Q4, 2017FY, 2017Q1, 2018

          Mobile Phones Sold

          150.26 m169.22 m74.47 m61.17 m47.53 m48.05 m231.22 m74.78 m51.19 m40.4 m45.51 m211.88 m78.29 m50.76 m41.03 m46.68 m216.76 m77.32 m

          Tablets Sold

          71.03 m67.98 m21.42 m12.62 m10.93 m9.88 m54.86 m16.12 m10.25 m9.95 m9.27 m45.59 m13.08 m8.92 m11.42 m10.33 m43.75 m13.17 m

          Computers Sold

          16.34 m18.91 m5.52 m4.56 m4.8 m5.71 m20.59 m5.31 m4.03 m4.25 m4.89 m18.48 m5.37 m4.2 m4.29 m5.39 m19.25 m5.11 m

          Apple Watch Applications

          3 k14 k19 k

          Mobile Applications

          1.5 m

          Registered Devices

          1 b

          Virtual Assistant Monthly Unique Users

          48.7 m41.4 m

          Mobile Applications Downloaded

          140 b

          Wearables Sold

          3.5 m2.8 m

          Active Mac Users

          100 m

          Stores

          496

          Countries

          21

          Weekly Visitors (App Store)

          500 m

          Paying Subscribers (Apple Music)

          27 m30 m

          Virtual Assistant Monthly Active Users

          375 m

          Customers (Music Service)

          27 m30 m

          Customers (iTunes)

          800 m

          Human Capital

          We estimate that Apple's current employees are approximately 32% female and 68% male.
          Y, 2017Y, 2016Y, 2015Q2, 2015Y, 2014
          Female32 %32 %31 %29.6 %30 %
          Male68 %68 %69 %70.4 %70 %
          Y, 2016Q2, 2015Y, 2014
          Hispanic12.1 %11 %
          White56.6 %6.1 %55 %
          Black9.1 %7 %
          Asian19.2 %15 %
          Other3 %93.9 %12 %
          Q2, 2015
          Operations21.5 %
          Business / Sales76.8 %
          Other1.7 %