Apple Revenue, Profits - AAPL Annual Income Statement

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$185.69 $3.05 (1.62%) AAPL stock closing price Jun 19, 2018 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking Apple stock price alone is not sufficient. In the income statement, an investor can check for important parameters like the topline or sales, the bottomline or profits, the basic EPS, dividends etc. The income statement for AAPL which shows a YOY revenue growth of 6.3% is specific to a period of time. Investors typically check YoY or QoQ revenue growth. One also needs to look at Apple assets, operating expenses and Apple free cash flow. The Apple profit and loss statement shows revenue of $229.23B for 2017. Revenue has grown by 6.3% YOY for AAPL stock.

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 - Sep2017201620152014201320122011201020092008
Apple Revenues or Net Sales
229.23B215.64B233.72B182.8B170.91B156.51B108.25B65.23B42.91B32.48B
Cost Of Goods Sold (COGS)141.05B131.38B140.09B112.26B106.61B87.85B64.43B39.54B25.68B21.33B
Apple Gross Profit
88.19B84.26B93.63B70.54B64.3B68.66B43.82B25.68B17.22B11.15B
Research & Development Expense11.58B10.05B8.07B6.04B4.48B3.38B2.43B1.78B1.33B1.11B
Selling General & Admin Expense15.26B14.19B14.33B11.99B10.83B10.04B7.6B5.52B4.15B3.76B
Income Before Depreciation Depletion Amortization61.34B60.02B71.23B52.5B49B55.24B33.79B18.39B11.74B6.28B
Depreciation Depletion Amortization----------
Non Operating Income2.75B1.35B1.29B980M1.16B522M415M155M326M620M
Interest Expense----------
Apple Pretax Income
64.09B61.37B72.52B53.48B50.16B55.76B34.21B18.54B12.07B6.9B
Provision for Income Taxes15.74B15.69B19.12B13.97B13.12B14.03B8.28B4.53B3.83B2.06B
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations48.35B45.69B53.39B39.51B37.04B41.73B25.92B14.01B8.24B4.83B
Extraordinary Items & Discontinued Operations----------
Apple Profit/ Loss (Net Income)
48.35B45.69B53.39B39.51B37.04B41.73B25.92B14.01B8.24B4.83B
Average Shares used to compute Diluted EPS5.25B5.5B5.79B6.12B6.52B6.62B6.56B6.47B6.35B6.31B
Average Shares used to compute Basic EPS5.22B5.47B5.75B6.09B6.48B6.54B6.47B6.37B6.25B6.17B
Income Before Nonrecurring Items48.35B45.69B53.39B39.51B37.04B41.73B25.92B14.01B5.7B4.83B
Income from Nonrecurring Items----------
Apple Earnings Per Share Basic Net
9.278.359.286.495.726.384.012.200.910.78
Apple Earnings Per Share Diluted Net
9.218.319.226.455.686.313.952.160.900.77
EPS Diluted Before Nonrecurring Items9.218.319.226.455.686.313.952.160.900.77
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common2.402.181.981.811.630.380.000.000.000.00
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Apple stock analysis. An investor must check the following items in an income statement:

  • Topline: A growing topline, as seen from the Apple revenue chart, as is the case with Apple indicates a growing business. One needs to compare the YoY topline or sales growth of AAPL stock with its peers like HPQ stock and LNVGY stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. AAPL stock had a healthy bottom line growth.

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)
17.92
PS Ratio (price sales ratio)
3.77
Operating Margin
26
Net Profit Margin
22.6
Dividend Yield
1.36%