AAPL FY 2016 Earnings Report — Apple Inc. Revenue & Financial Results | Market Cap Arena

FY 2016 Earnings

Reported October 26, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$215.6B	—	$233.7B	—	-7.7%
Op. Income	$60.0B	—	$71.2B	—	-15.7%
Gross Margin	39.1%	—	40.1%	—	-1.0pp
Net Margin	21.2%	—	22.8%	—	-1.7pp
EPS (Diluted)	$2.08	—	$2.30	—	-9.6%
Free Cash Flow	$52.7B	—	$69.8B	—	-24.5%

Revenue Flow

Item	Amount
REVENUE	$215.6B
Cost of Revenue	$131.4B
GROSS PROFIT	$84.3B
R&D Expenses	$10.0B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$14.2B
Other Expenses	$0
Operating Expenses	$24.2B
Cost & Expenses	$155.6B
OPERATING INCOME	$60.0B
Interest Income	$4.0B
Interest Expense	$1.5B
Other Income/Expenses	$1.3B
INCOME BEFORE TAX	$61.4B
Income Tax Expense	$15.7B
Net Income from Continuing Ops	$45.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45.7B
D&A	$10.5B
EBIT	$62.8B
EBITDA	$73.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$215.6B
Cost of Revenue	$131.4B
GROSS PROFIT	$84.3B
R&D Expenses	$10.0B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$14.2B
Other Expenses	$0
Operating Expenses	$24.2B
Cost & Expenses	$155.6B
OPERATING INCOME	$60.0B
Interest Income	$4.0B
Interest Expense	$1.5B
Other Income/Expenses	$1.3B
INCOME BEFORE TAX	$61.4B
Income Tax Expense	$15.7B
Net Income from Continuing Ops	$45.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45.7B
D&A	$10.5B
EBIT	$62.8B
EBITDA	$73.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$45.7B
Depreciation & Amortization	$10.5B
Stock-Based Compensation	$4.2B
Deferred Income Tax	$4.9B
Other Non-Cash Items	$486M
Change in Working Capital	$405M
OPERATING CASH FLOW	$66.2B
Capital Expenditure	-$13.5B
Acquisitions (Net)	-$297M
Purchases of Investments	-$143.8B
Sales/Maturities of Investments	$111.8B
Other Investing Activities	-$924M
NET CASH FROM INVESTING	-$46.0B
Net Debt Issuance	$22.1B
Common Stock Repurchased	-$29.7B
Common Dividends Paid	-$12.2B
Other Financing Activities	$495M
NET CASH FROM FINANCING	-$20.9B
FREE CASH FLOW	$52.7B
Net Change in Cash	-$636M

Balance Sheet

Item	Amount
Cash & Equivalents	$20.5B
Short-Term Investments	$46.7B
Net Receivables	$29.3B
Inventory	$2.1B
Other Current Assets	$8.3B
TOTAL CURRENT ASSETS	$106.9B
PP&E (Net)	$27.0B
Goodwill	$5.4B
Intangible Assets	$3.2B
Long-Term Investments	$170.4B
Tax Assets	$0
Other Non-Current Assets	$8.8B
TOTAL NON-CURRENT ASSETS	$214.8B
TOTAL ASSETS	$321.7B
Account Payables	$37.3B
Short-Term Debt	$11.6B
Deferred Revenue	$8.1B
Other Current Liabilities	$163M
TOTAL CURRENT LIABILITIES	$79.0B
Long-Term Debt	$75.4B
Deferred Revenue NC	$2.9B
Deferred Tax Liabilities	$26.0B
Other Non-Current Liabilities	$10.1B
TOTAL NON-CURRENT LIABILITIES	$114.4B
TOTAL LIABILITIES	$193.4B
Common Stock	$31.3B
Additional Paid-In Capital	$0
Retained Earnings	$96.4B
Treasury Stock	$0
Accum. Other Comp. Income	$634M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$128.2B
Minority Interest	$0
TOTAL EQUITY	$128.2B
TOTAL LIABILITIES & EQUITY	$321.7B
Total Debt	$87.0B
Net Debt	$66.5B