Apple Balance Sheet - Annual (NASDAQ:AAPL)

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$184.92 $0.54 (0.29%) AAPL stock closing price Jun 22, 2018 (Closing)

The Apple balance sheet is a snapshot of the company's financial health at a given point of time, whereas the other two financial statements are for a particular accounting period. A balance sheet can help evaluate the financial performance of a company. Ratios like return on total assets and current ratio, which also uses cash on hand can be used to measure the operating efficiency of a firm, and can be used to conduct a more accurate Apple stock analysis. A company releases its balance sheet every year along with its annual results. The balance sheet shows total liabilities of $241.27B and shareholders equity of $134.05B. Apple revenue and Apple operating cash flow are important in understanding the financial capacity of the company.

View latest 10 year balance sheet data to check Apple financial performance.
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Quarterly
Annual
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Fiscal year is Oct - Sep2017201620152014201320122011201020092008
Cash20.29B20.48B21.12B13.84B14.26B10.75B9.82B11.26B5.26B11.88B
Marketable Securities53.89B46.67B20.48B11.23B26.29B18.38B16.14B14.36B18.2B12.62B
Receivables35.67B29.3B30.34B27.22B20.64B18.69B11.72B9.92B3.36B2.42B
Inventory4.86B2.13B2.35B2.11B1.76B791M776M1.05B455M509M
Raw Materials----------
Work In Progress----------
Finished Goods4.86B2.13B2.35B2.11B1.76B-----
Notes Receivable----------
Other Current Assets13.94B8.28B15.09B14.12B10.34B9.04B6.54B5.08B4.28B7.27B
Total Current Assets
128.65B106.87B89.38B68.53B73.29B57.65B44.99B41.68B31.56B34.69B
Property Plant & Equipment75.08B61.25B49.26B39.02B28.52B21.89B11.77B7.23B4.67B3.75B
Accumulated Depreciation41.29B34.24B26.79B18.39B11.92B6.44B3.99B2.47B1.71B1.29B
Net Property Plant & Equipment
33.78B27.01B22.47B20.62B16.6B15.45B7.78B4.77B2.95B2.46B
Investment & Advances194.71B170.43B164.07B130.16B106.22B92.12B55.62B25.39B10.53B-
Other Non-Current Assets----------
Deferred Charges----------
Intangibles8.02B8.62B9.01B8.76B5.76B5.36B4.43B1.08B453M492M
Deposits & Other Assets10.16B8.76B5.56B3.76B5.15B5.48B3.56B2.26B2.01B1.94B
Total Assets
375.32B321.69B290.48B231.84B207B176.06B116.37B75.18B47.5B39.57B
Notes Payable----------
Accounts Payable49.05B37.29B35.49B30.2B22.37B21.18B14.63B12.02B5.6B5.52B
Current Portion Long-Term Debt18.47B11.61B11B6.31B------
Current Portion Capital Leases----------
Accrued Expenses25.74B22.03B25.18B18.45B13.86B11.41B9.25B5.72B3.85B8.57B
Income Taxes Payable----------
Other Current Liabilities7.55B8.08B8.94B8.49B7.44B5.95B4.09B2.98B2.05B-
Total Current Liabilities
100.81B79.01B80.61B63.45B43.66B38.54B27.97B20.72B11.51B14.09B
Mortgages----------
Deferred Taxes/Income2.84B2.93B3.62B3.03B2.63B2.65B1.69B1.14B853M-
Convertible Debt----------
Long-Term Debt97.21B75.43B53.46B28.99B16.96B-----
Non-Current Capital Leases----------
Other Long-Term Liabilities40.42B36.07B33.43B24.83B20.21B16.66B10.1B5.53B3.5B4.45B
Total Liabilities
241.27B193.44B171.12B120.29B83.45B57.85B39.76B27.39B15.86B18.54B
Minority Interest----------
Preferred Stock----------
Common Stock Net35.87B31.25B27.42B23.31B19.76B16.42B13.33B10.67B8.21B7.18B
Capital Surplus----------
Retained Earnings98.33B96.36B92.28B87.15B104.26B101.29B62.84B37.17B23.35B13.85B
Treasury Stock----------
Other Liabilities-150M634M-345M1.08B-471M499M443M-46M77M8M
Shareholders Equity134.05B128.25B119.36B111.55B123.55B118.21B76.62B47.79B31.64B21.03B
Total Liabilities & Shareholders Equity375.32B321.69B290.48B231.84B207B176.06B116.37B75.18B47.5B39.57B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Apple historical stock prices and the current Apple stock price can tell you how the stock price has moved, whereas the Apple PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:

  • Assets: Anything that the Apple company owns and is a part of its books. Assets can be of three types: fixed, current and other assets which includes intangibles, advances. Internet companies typically don't have a lot of assets as there is not much investment in say machinery, equipment etc. Apple had total assets of $375.32B.
  • Liabilities: This item on the balance sheet implies the firm's, in this case Apple's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for AAPL stock stand at $241.27B.

Apple Balance Sheet - Key Ratios

Current ratio
1.46
Debt to equity ratio
0.96
Asset turnover ratio
0.63
Receivables turnover
8.13
Price to book ratio
6.96