AAPL FY 2014 Earnings Report — Apple Inc. Revenue & Financial Results | Market Cap Arena

FY 2014 Earnings

Reported October 27, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$182.8B	—	$170.9B	—	7.0%
Op. Income	$52.5B	—	$49.0B	—	7.2%
Gross Margin	38.6%	—	37.6%	—	1.0pp
Net Margin	21.6%	—	21.7%	—	-0.1pp
EPS (Diluted)	$1.61	—	$1.42	—	13.4%
Free Cash Flow	$49.9B	—	$44.6B	—	11.9%

Revenue Flow

Item	Amount
REVENUE	$182.8B
Cost of Revenue	$112.3B
GROSS PROFIT	$70.5B
R&D Expenses	$6.0B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$12.0B
Other Expenses	$0
Operating Expenses	$18.0B
Cost & Expenses	$130.3B
OPERATING INCOME	$52.5B
Interest Income	$1.8B
Interest Expense	$384M
Other Income/Expenses	$980M
INCOME BEFORE TAX	$53.5B
Income Tax Expense	$14.0B
Net Income from Continuing Ops	$39.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39.5B
D&A	$7.9B
EBIT	$53.9B
EBITDA	$61.8B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$182.8B
Cost of Revenue	$112.3B
GROSS PROFIT	$70.5B
R&D Expenses	$6.0B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$12.0B
Other Expenses	$0
Operating Expenses	$18.0B
Cost & Expenses	$130.3B
OPERATING INCOME	$52.5B
Interest Income	$1.8B
Interest Expense	$384M
Other Income/Expenses	$980M
INCOME BEFORE TAX	$53.5B
Income Tax Expense	$14.0B
Net Income from Continuing Ops	$39.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39.5B
D&A	$7.9B
EBIT	$53.9B
EBITDA	$61.8B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$39.5B
Depreciation & Amortization	$7.9B
Stock-Based Compensation	$2.9B
Deferred Income Tax	$2.3B
Other Non-Cash Items	$0
Change in Working Capital	$7.0B
OPERATING CASH FLOW	$59.7B
Capital Expenditure	-$9.8B
Acquisitions (Net)	-$3.8B
Purchases of Investments	-$217.1B
Sales/Maturities of Investments	$208.1B
Other Investing Activities	$26M
NET CASH FROM INVESTING	-$22.6B
Net Debt Issuance	$12.0B
Common Stock Repurchased	-$45.0B
Common Dividends Paid	-$11.1B
Other Financing Activities	$7.8B
NET CASH FROM FINANCING	-$37.5B
FREE CASH FLOW	$49.9B
Net Change in Cash	-$415M

Balance Sheet

Item	Amount
Cash & Equivalents	$13.8B
Short-Term Investments	$11.2B
Net Receivables	$27.2B
Inventory	$2.1B
Other Current Assets	$14.1B
TOTAL CURRENT ASSETS	$68.5B
PP&E (Net)	$20.6B
Goodwill	$4.6B
Intangible Assets	$4.1B
Long-Term Investments	$130.2B
Tax Assets	$0
Other Non-Current Assets	$3.8B
TOTAL NON-CURRENT ASSETS	$163.3B
TOTAL ASSETS	$231.8B
Account Payables	$30.2B
Short-Term Debt	$6.3B
Deferred Revenue	$8.5B
Other Current Liabilities	$81M
TOTAL CURRENT LIABILITIES	$63.4B
Long-Term Debt	$29.0B
Deferred Revenue NC	$3.0B
Deferred Tax Liabilities	$20.3B
Other Non-Current Liabilities	$4.6B
TOTAL NON-CURRENT LIABILITIES	$56.8B
TOTAL LIABILITIES	$120.3B
Common Stock	$23.3B
Additional Paid-In Capital	$0
Retained Earnings	$87.2B
Treasury Stock	$0
Accum. Other Comp. Income	$1.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$111.5B
Minority Interest	$0
TOTAL EQUITY	$111.5B
TOTAL LIABILITIES & EQUITY	$231.8B
Total Debt	$35.3B
Net Debt	$21.5B