AAPL FY 2015 Earnings Report — Apple Inc. Revenue & Financial Results | Market Cap Arena

FY 2015 Earnings

Reported October 28, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$233.7B	—	$182.8B	—	27.9%
Op. Income	$71.2B	—	$52.5B	—	35.7%
Gross Margin	40.1%	—	38.6%	—	1.5pp
Net Margin	22.8%	—	21.6%	—	1.2pp
EPS (Diluted)	$2.30	—	$1.61	—	42.9%
Free Cash Flow	$69.8B	—	$49.9B	—	39.8%

Revenue Flow

Item	Amount
REVENUE	$233.7B
Cost of Revenue	$140.1B
GROSS PROFIT	$93.6B
R&D Expenses	$8.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$14.3B
Other Expenses	$0
Operating Expenses	$22.4B
Cost & Expenses	$162.5B
OPERATING INCOME	$71.2B
Interest Income	$2.9B
Interest Expense	$733M
Other Income/Expenses	$1.3B
INCOME BEFORE TAX	$72.5B
Income Tax Expense	$19.1B
Net Income from Continuing Ops	$53.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53.4B
D&A	$11.3B
EBIT	$73.2B
EBITDA	$84.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$233.7B
Cost of Revenue	$140.1B
GROSS PROFIT	$93.6B
R&D Expenses	$8.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$14.3B
Other Expenses	$0
Operating Expenses	$22.4B
Cost & Expenses	$162.5B
OPERATING INCOME	$71.2B
Interest Income	$2.9B
Interest Expense	$733M
Other Income/Expenses	$1.3B
INCOME BEFORE TAX	$72.5B
Income Tax Expense	$19.1B
Net Income from Continuing Ops	$53.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53.4B
D&A	$11.3B
EBIT	$73.2B
EBITDA	$84.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$53.4B
Depreciation & Amortization	$11.3B
Stock-Based Compensation	$3.6B
Deferred Income Tax	$1.4B
Other Non-Cash Items	$385M
Change in Working Capital	$11.3B
OPERATING CASH FLOW	$81.3B
Capital Expenditure	-$11.5B
Acquisitions (Net)	-$343M
Purchases of Investments	-$166.4B
Sales/Maturities of Investments	$122.0B
Other Investing Activities	-$26M
NET CASH FROM INVESTING	-$56.3B
Net Debt Issuance	$29.3B
Common Stock Repurchased	-$35.3B
Common Dividends Paid	-$11.6B
Other Financing Activities	$1.3B
NET CASH FROM FINANCING	-$17.7B
FREE CASH FLOW	$69.8B
Net Change in Cash	$7.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$21.1B
Short-Term Investments	$20.5B
Net Receivables	$30.3B
Inventory	$2.3B
Other Current Assets	$15.1B
TOTAL CURRENT ASSETS	$89.4B
PP&E (Net)	$22.5B
Goodwill	$5.1B
Intangible Assets	$3.9B
Long-Term Investments	$164.1B
Tax Assets	$0
Other Non-Current Assets	$5.4B
TOTAL NON-CURRENT ASSETS	$201.0B
TOTAL ASSETS	$290.3B
Account Payables	$35.5B
Short-Term Debt	$11.0B
Deferred Revenue	$8.9B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$80.6B
Long-Term Debt	$53.3B
Deferred Revenue NC	$3.6B
Deferred Tax Liabilities	$24.1B
Other Non-Current Liabilities	$9.4B
TOTAL NON-CURRENT LIABILITIES	$90.4B
TOTAL LIABILITIES	$171.0B
Common Stock	$27.4B
Additional Paid-In Capital	$0
Retained Earnings	$92.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$345M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$119.4B
Minority Interest	$0
TOTAL EQUITY	$119.4B
TOTAL LIABILITIES & EQUITY	$290.3B
Total Debt	$64.3B
Net Debt	$43.2B