AAPL FY 2010 Earnings Report — Apple Inc. Revenue & Financial Results | Market Cap Arena

FY 2010 Earnings

Reported October 27, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$65.2B	—	$42.9B	—	52.0%
Op. Income	$18.4B	—	$11.7B	—	56.6%
Gross Margin	39.4%	—	40.1%	—	-0.8pp
Net Margin	21.5%	—	19.2%	—	2.3pp
EPS (Diluted)	$0.54	—	$0.32	—	66.5%
Free Cash Flow	$16.5B	—	$8.9B	—	84.1%

Revenue Flow

Item	Amount
REVENUE	$65.2B
Cost of Revenue	$39.5B
GROSS PROFIT	$25.7B
R&D Expenses	$1.8B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.5B
Other Expenses	$0
Operating Expenses	$7.3B
Cost & Expenses	$46.8B
OPERATING INCOME	$18.4B
Interest Income	$311M
Interest Expense	$0
Other Income/Expenses	$155M
INCOME BEFORE TAX	$18.5B
Income Tax Expense	$4.5B
Net Income from Continuing Ops	$14.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14.0B
D&A	$1.0B
EBIT	$18.4B
EBITDA	$19.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$65.2B
Cost of Revenue	$39.5B
GROSS PROFIT	$25.7B
R&D Expenses	$1.8B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.5B
Other Expenses	$0
Operating Expenses	$7.3B
Cost & Expenses	$46.8B
OPERATING INCOME	$18.4B
Interest Income	$311M
Interest Expense	$0
Other Income/Expenses	$155M
INCOME BEFORE TAX	$18.5B
Income Tax Expense	$4.5B
Net Income from Continuing Ops	$14.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14.0B
D&A	$1.0B
EBIT	$18.4B
EBITDA	$19.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$14.0B
Depreciation & Amortization	$1.0B
Stock-Based Compensation	$879M
Deferred Income Tax	$1.4B
Other Non-Cash Items	$0
Change in Working Capital	$1.2B
OPERATING CASH FLOW	$18.6B
Capital Expenditure	-$2.1B
Acquisitions (Net)	-$638M
Purchases of Investments	-$57.8B
Sales/Maturities of Investments	$46.7B
Other Investing Activities	-$20M
NET CASH FROM INVESTING	-$13.9B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$345M
NET CASH FROM FINANCING	$1.3B
FREE CASH FLOW	$16.5B
Net Change in Cash	$6.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$11.3B
Short-Term Investments	$14.4B
Net Receivables	$9.9B
Inventory	$1.1B
Other Current Assets	$5.1B
TOTAL CURRENT ASSETS	$41.7B
PP&E (Net)	$4.8B
Goodwill	$741M
Intangible Assets	$342M
Long-Term Investments	$25.4B
Tax Assets	$0
Other Non-Current Assets	$2.3B
TOTAL NON-CURRENT ASSETS	$33.5B
TOTAL ASSETS	$75.2B
Account Payables	$12.0B
Short-Term Debt	$0
Deferred Revenue	$3.0B
Other Current Liabilities	$4.4B
TOTAL CURRENT LIABILITIES	$20.7B
Long-Term Debt	$0
Deferred Revenue NC	$1.1B
Deferred Tax Liabilities	$4.3B
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$6.7B
TOTAL LIABILITIES	$27.4B
Common Stock	$10.7B
Additional Paid-In Capital	$0
Retained Earnings	$37.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$46M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$47.8B
Minority Interest	$0
TOTAL EQUITY	$47.8B
TOTAL LIABILITIES & EQUITY	$75.2B
Total Debt	$0
Net Debt	-$11.3B