AAPL FY 2018 Earnings Report — Apple Inc. Revenue & Financial Results | Market Cap Arena

FY 2018 Earnings

Reported November 5, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$265.6B	—	$229.2B	—	15.9%
Op. Income	$70.9B	—	$61.3B	—	15.6%
Gross Margin	38.3%	—	38.5%	—	-0.1pp
Net Margin	22.4%	—	21.1%	—	1.3pp
EPS (Diluted)	$2.98	—	$2.30	—	29.6%
Free Cash Flow	$64.1B	—	$51.4B	—	24.7%

Revenue Flow

Item	Amount
REVENUE	$265.6B
Cost of Revenue	$163.8B
GROSS PROFIT	$101.8B
R&D Expenses	$14.2B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$16.7B
Other Expenses	$0
Operating Expenses	$30.9B
Cost & Expenses	$194.7B
OPERATING INCOME	$70.9B
Interest Income	$5.7B
Interest Expense	$3.2B
Other Income/Expenses	$2.0B
INCOME BEFORE TAX	$72.9B
Income Tax Expense	$13.4B
Net Income from Continuing Ops	$59.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$59.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$59.5B
D&A	$10.9B
EBIT	$76.1B
EBITDA	$87.0B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$265.6B
Cost of Revenue	$163.8B
GROSS PROFIT	$101.8B
R&D Expenses	$14.2B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$16.7B
Other Expenses	$0
Operating Expenses	$30.9B
Cost & Expenses	$194.7B
OPERATING INCOME	$70.9B
Interest Income	$5.7B
Interest Expense	$3.2B
Other Income/Expenses	$2.0B
INCOME BEFORE TAX	$72.9B
Income Tax Expense	$13.4B
Net Income from Continuing Ops	$59.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$59.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$59.5B
D&A	$10.9B
EBIT	$76.1B
EBITDA	$87.0B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$59.5B
Depreciation & Amortization	$10.9B
Stock-Based Compensation	$5.3B
Deferred Income Tax	-$32.6B
Other Non-Cash Items	-$444M
Change in Working Capital	$34.7B
OPERATING CASH FLOW	$77.4B
Capital Expenditure	-$13.3B
Acquisitions (Net)	-$721M
Purchases of Investments	-$73.2B
Sales/Maturities of Investments	$104.1B
Other Investing Activities	-$745M
NET CASH FROM INVESTING	$16.1B
Net Debt Issuance	$432M
Common Stock Repurchased	-$72.7B
Common Dividends Paid	-$13.7B
Other Financing Activities	-$2.5B
NET CASH FROM FINANCING	-$87.9B
FREE CASH FLOW	$64.1B
Net Change in Cash	$5.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$25.9B
Short-Term Investments	$40.4B
Net Receivables	$49.0B
Inventory	$4.0B
Other Current Assets	$12.1B
TOTAL CURRENT ASSETS	$131.3B
PP&E (Net)	$41.3B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$170.8B
Tax Assets	$0
Other Non-Current Assets	$22.3B
TOTAL NON-CURRENT ASSETS	$234.4B
TOTAL ASSETS	$365.7B
Account Payables	$55.9B
Short-Term Debt	$20.7B
Deferred Revenue	$6.0B
Other Current Liabilities	$33.3B
TOTAL CURRENT LIABILITIES	$115.9B
Long-Term Debt	$93.7B
Deferred Revenue NC	$2.8B
Deferred Tax Liabilities	$426M
Other Non-Current Liabilities	$45.7B
TOTAL NON-CURRENT LIABILITIES	$142.6B
TOTAL LIABILITIES	$258.6B
Common Stock	$40.2B
Additional Paid-In Capital	$0
Retained Earnings	$70.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$3.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$107.1B
Minority Interest	$0
TOTAL EQUITY	$107.1B
TOTAL LIABILITIES & EQUITY	$365.7B
Total Debt	$114.5B
Net Debt	$88.6B