AAPL FY 2021 Earnings Report — Apple Inc. Revenue & Financial Results | Market Cap Arena

FY 2021 Earnings

Reported October 28, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$365.8B	—	$274.5B	—	33.3%
Op. Income	$108.9B	—	$66.3B	—	64.4%
Gross Margin	41.8%	—	38.2%	—	3.5pp
Net Margin	25.9%	—	20.9%	—	5.0pp
EPS (Diluted)	$5.61	—	$3.28	—	71.0%
Free Cash Flow	$93.0B	—	$73.4B	—	26.7%

Revenue Flow

Item	Amount
REVENUE	$365.8B
Cost of Revenue	$213.0B
GROSS PROFIT	$152.8B
R&D Expenses	$21.9B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$22.0B
Other Expenses	$0
Operating Expenses	$43.9B
Cost & Expenses	$256.9B
OPERATING INCOME	$108.9B
Interest Income	$2.8B
Interest Expense	$2.6B
Other Income/Expenses	$258M
INCOME BEFORE TAX	$109.2B
Income Tax Expense	$14.5B
Net Income from Continuing Ops	$94.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$94.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$94.7B
D&A	$11.3B
EBIT	$111.9B
EBITDA	$123.1B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$365.8B
Cost of Revenue	$213.0B
GROSS PROFIT	$152.8B
R&D Expenses	$21.9B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$22.0B
Other Expenses	$0
Operating Expenses	$43.9B
Cost & Expenses	$256.9B
OPERATING INCOME	$108.9B
Interest Income	$2.8B
Interest Expense	$2.6B
Other Income/Expenses	$258M
INCOME BEFORE TAX	$109.2B
Income Tax Expense	$14.5B
Net Income from Continuing Ops	$94.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$94.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$94.7B
D&A	$11.3B
EBIT	$111.9B
EBITDA	$123.1B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$94.7B
Depreciation & Amortization	$11.3B
Stock-Based Compensation	$7.9B
Deferred Income Tax	-$4.8B
Other Non-Cash Items	-$147M
Change in Working Capital	-$4.9B
OPERATING CASH FLOW	$104.0B
Capital Expenditure	-$11.1B
Acquisitions (Net)	-$33M
Purchases of Investments	-$109.6B
Sales/Maturities of Investments	$106.5B
Other Investing Activities	-$352M
NET CASH FROM INVESTING	-$14.5B
Net Debt Issuance	$12.7B
Common Stock Repurchased	-$86.0B
Common Dividends Paid	-$14.5B
Other Financing Activities	-$6.7B
NET CASH FROM FINANCING	-$93.4B
FREE CASH FLOW	$93.0B
Net Change in Cash	-$3.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$34.9B
Short-Term Investments	$27.7B
Net Receivables	$51.5B
Inventory	$6.6B
Other Current Assets	$14.1B
TOTAL CURRENT ASSETS	$134.8B
PP&E (Net)	$49.5B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$127.9B
Tax Assets	$0
Other Non-Current Assets	$38.8B
TOTAL NON-CURRENT ASSETS	$216.2B
TOTAL ASSETS	$351.0B
Account Payables	$54.8B
Short-Term Debt	$15.6B
Deferred Revenue	$7.6B
Other Current Liabilities	$46.0B
TOTAL CURRENT LIABILITIES	$125.5B
Long-Term Debt	$109.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$43.0B
TOTAL NON-CURRENT LIABILITIES	$162.4B
TOTAL LIABILITIES	$287.9B
Common Stock	$57.4B
Additional Paid-In Capital	$0
Retained Earnings	$5.6B
Treasury Stock	$0
Accum. Other Comp. Income	$163M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$63.1B
Minority Interest	$0
TOTAL EQUITY	$63.1B
TOTAL LIABILITIES & EQUITY	$351.0B
Total Debt	$136.5B
Net Debt	$101.6B