Apple Revenue, Profits - AAPL Annual Income Statement

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$150.58 $1.31 (0.86%) AAPL stock closing price Sep 25, 2017 (Closing)

Financial analysis of Apple involves more than just checking the Apple stock price, by looking at the financial statements of the company in detail. The income statement is a summary of the revenue or sales, expenses and profitability (shown as Net Income) or lack of it. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has decreased from $233.72B to $215.64B and how operating and non operating activities have impacted the AAPL stock. The operating expenses (also check: Apple assets and Apple free cash flow) as shown in the Apple profit and loss statement 2016 total to $155.62B. This line item shows decreased from $162.49B compared with last year. Apple revenue for 2016 is 215.64B. View revenue and profit details for latest and last 10 financial years.

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Quarterly
Annual
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Fiscal year is Oct - Sep.2016201520142013201220112010200920082007
Apple Net Sales or Revenues
215.64B233.72B182.8B170.91B156.51B108.25B65.23B42.91B32.48B24.01B
Cost Of Goods Sold (COGS)131.38B140.09B112.26B106.61B87.85B64.43B39.54B25.68B21.33B15.85B
Apple Gross Profit
84.26B93.63B70.54B64.3B68.66B43.82B25.68B17.22B11.15B8.15B
Research & Development Expense10.05B8.07B6.04B4.48B3.38B2.43B1.78B1.33B1.11B782M
Selling General & Admin Expense14.19B14.33B11.99B10.83B10.04B7.6B5.52B4.15B3.76B2.96B
Income Before Depreciation Depletion Amortization60.02B71.23B52.5B49B55.24B33.79B18.39B11.74B6.28B4.41B
Depreciation Depletion Amortization----------
Non Operating Income1.35B1.29B980M1.16B522M415M155M326M620M599M
Interest Expense----------
Apple Pretax Income
61.37B72.52B53.48B50.16B55.76B34.21B18.54B12.07B6.9B5.01B
Provision for Income Taxes15.69B19.12B13.97B13.12B14.03B8.28B4.53B3.83B2.06B1.51B
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations45.69B53.39B39.51B37.04B41.73B25.92B14.01B8.24B4.83B3.5B
Extraordinary Items & Discontinued Operations----------
Apple Net Income (Profit/Loss)
45.69B53.39B39.51B37.04B41.73B25.92B14.01B8.24B4.83B3.5B
Average Shares used to compute Diluted EPS5.5B5.79B6.12B6.52B6.62B6.56B6.47B6.35B6.31B6.23B
Average Shares used to compute Basic EPS5.47B5.75B6.09B6.48B6.54B6.47B6.37B6.25B6.17B6.05B
Income Before Nonrecurring Items45.69B53.39B39.51B37.04B41.73B25.92B14.01B5.7B4.83B3.5B
Income from Nonrecurring Items----------
Apple Earnings Per Share Basic Net
8.359.286.495.726.384.012.200.910.780.58
Apple Earnings Per Share Diluted Net
8.319.226.455.686.313.952.160.900.770.56
EPS Diluted Before Nonrecurring Items8.319.226.455.686.313.952.160.900.770.56
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common2.181.981.811.630.38-----
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Apple stock analysis. It helps to look at the following income statement items:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that AAPL stock has a topline or revenue of $215.64B for 2016 as per this Apple revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: This refers to the last line in a profit and loss statement and denotes the net profit or loss for a particular period. The figure currently stands at $45.69B for Apple for 2016. This figure is arrived at after deducting all operating expenses, interest, and taxes from revenue.
The income statement is also called statement of revenue and expense. The AAPL financials along with Apple historical stock prices provide a lot of details about the firm .

Apple Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
17.26
PS Ratio (price sales ratio)
3.53
Operating Margin
23.7
Net Profit Margin
19.2
Dividend Yield
1.54%