AAPL FY 2012 Earnings Report — Apple Inc. Revenue & Financial Results | Market Cap Arena

FY 2012 Earnings

Reported October 31, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$156.5B	—	$108.2B	—	44.6%
Op. Income	$55.2B	—	$33.8B	—	63.5%
Gross Margin	43.9%	—	40.5%	—	3.4pp
Net Margin	26.7%	—	23.9%	—	2.7pp
EPS (Diluted)	$1.58	—	$0.99	—	59.6%
Free Cash Flow	$41.5B	—	$30.1B	—	37.8%

Revenue Flow

Item	Amount
REVENUE	$156.5B
Cost of Revenue	$87.8B
GROSS PROFIT	$68.7B
R&D Expenses	$3.4B
Selling & Marketing	$1.0B
General & Administrative	$9.0B
SG&A Expenses	$10.0B
Other Expenses	$0
Operating Expenses	$13.4B
Cost & Expenses	$101.3B
OPERATING INCOME	$55.2B
Interest Income	$1.1B
Interest Expense	$0
Other Income/Expenses	$522M
INCOME BEFORE TAX	$55.8B
Income Tax Expense	$14.0B
Net Income from Continuing Ops	$41.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41.7B
D&A	$3.3B
EBIT	$55.8B
EBITDA	$59.0B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$156.5B
Cost of Revenue	$87.8B
GROSS PROFIT	$68.7B
R&D Expenses	$3.4B
Selling & Marketing	$1.0B
General & Administrative	$9.0B
SG&A Expenses	$10.0B
Other Expenses	$0
Operating Expenses	$13.4B
Cost & Expenses	$101.3B
OPERATING INCOME	$55.2B
Interest Income	$1.1B
Interest Expense	$0
Other Income/Expenses	$522M
INCOME BEFORE TAX	$55.8B
Income Tax Expense	$14.0B
Net Income from Continuing Ops	$41.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41.7B
D&A	$3.3B
EBIT	$55.8B
EBITDA	$59.0B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$41.7B
Depreciation & Amortization	$3.3B
Stock-Based Compensation	$1.7B
Deferred Income Tax	$4.4B
Other Non-Cash Items	$0
Change in Working Capital	-$299M
OPERATING CASH FLOW	$50.9B
Capital Expenditure	-$9.4B
Acquisitions (Net)	-$350M
Purchases of Investments	-$151.2B
Sales/Maturities of Investments	$112.8B
Other Investing Activities	-$48M
NET CASH FROM INVESTING	-$48.2B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$2.5B
Other Financing Activities	$125M
NET CASH FROM FINANCING	-$1.7B
FREE CASH FLOW	$41.5B
Net Change in Cash	$931M

Balance Sheet

Item	Amount
Cash & Equivalents	$10.7B
Short-Term Investments	$18.4B
Net Receivables	$18.7B
Inventory	$791M
Other Current Assets	$9.0B
TOTAL CURRENT ASSETS	$57.7B
PP&E (Net)	$15.5B
Goodwill	$1.1B
Intangible Assets	$4.2B
Long-Term Investments	$92.1B
Tax Assets	$0
Other Non-Current Assets	$5.5B
TOTAL NON-CURRENT ASSETS	$118.4B
TOTAL ASSETS	$176.1B
Account Payables	$21.2B
Short-Term Debt	$0
Deferred Revenue	$6.0B
Other Current Liabilities	$7.3B
TOTAL CURRENT LIABILITIES	$38.5B
Long-Term Debt	$0
Deferred Revenue NC	$2.6B
Deferred Tax Liabilities	$13.8B
Other Non-Current Liabilities	$2.8B
TOTAL NON-CURRENT LIABILITIES	$19.3B
TOTAL LIABILITIES	$57.9B
Common Stock	$16.4B
Additional Paid-In Capital	$0
Retained Earnings	$101.3B
Treasury Stock	$0
Accum. Other Comp. Income	$499M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$118.2B
Minority Interest	$0
TOTAL EQUITY	$118.2B
TOTAL LIABILITIES & EQUITY	$176.1B
Total Debt	$0
Net Debt	-$10.7B