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Financial Statement Analysis

Apple Inc. is a multinational technology company that designs, develops, and sells consumer electronics, computer software, and online services. Their core products include the iPhone smartphone, iPad tablet, Mac computers, and iPod. For the period ending September 28, 2013, Apple reported total revenue of $170.19 billion, net income of $37.04 billion, and total assets of $207 billion. Their largest assets are cash and short-term investments, while their largest liabilities are accounts payable.

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65 views

Financial Statement Analysis

Apple Inc. is a multinational technology company that designs, develops, and sells consumer electronics, computer software, and online services. Their core products include the iPhone smartphone, iPad tablet, Mac computers, and iPod. For the period ending September 28, 2013, Apple reported total revenue of $170.19 billion, net income of $37.04 billion, and total assets of $207 billion. Their largest assets are cash and short-term investments, while their largest liabilities are accounts payable.

Uploaded by

Raffy Roncales
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Financial

Statement Analysis

Apple Inc.

Apple Inc., formerly APPLE COMPUTER, INC., is a


multinational corporation that creates consumer
electronics, personal computers, computer software,
and commercial servers, and is a digital distributor of
media content. Apples core product lines are the
iPhone smart phones, iPad tablets computer, iPod
portable media player, and Macintosh computer line.
Founders
Steve Jobs and Steve Wozniak created Apple
Computer on April 1, 1976 and incorporated the
company on January 3, 1977, in Cupertino, California.

DETAILS
INDEX MEMBERSHIP:N/A
SECTOR:
CONSUMER GOODS
INDUSTRY:
ELECTRONIC EQUIPMENT
FULL TIME EMPLOYEES:

92,600

Apple Inc. (APPL)


Income Statement
Period ending
28 Sept. 2013
29 Sept. 2012
Total Revenue
170,190,000
156,508,000
Cost of Revenue
106,606,000
87,846,000
Gross Profit
63,304,000
68,662,000
Operating Expenses
Research Development
4,475,000
3,381,000
Selling General & Administrative 10,830,000
10,040,000
Non Recurring
__
__
______________________________________________________________________________________
Operating Income or Loss
48,999,000
55,241,000
Income from continuing operations
Total other income/expenses net1,156,000
522,000
Earnings before interest & tax 50,155,000
55,763,000
Interest expense
Income before tax
50,155,000
55,763,000
Income tax expense
13,118,000
14,030,000
Minority interest
_____________________________________________________________________________________
Net income from continuing ops

37,037,000

41,733,000

Non- recurring events


Discontinued operations
Extraordinary items
Effect of accounting changes
Other items
___________________________________________________________________________________

Net Income
37,037,000
41,733,000
Preferred stock and other Adjustment
____________________________________________________________________________
Net Income Applicable to common share
37,037,000
41,733,000

Apple Inc. (APPL)


Balance sheet
Period ending
28 Sept. 2013
29 Sept. 2012
Assets
Current assets
Cash and cash equivalents
14,259,000
10,746,000
Short term investments
26,287,000
18,383,000
Net receivables
24,094,000
21,275,000
Inventory
1,764,000
791,000
Other current assets
6,882,000
6,458,000
_______________________________________________________________________________________

Total current assets


73,286,000
57,653,000
Long term investments
106,215,000
92,122,000
Property plant and equipment
16,597,000
15,452,000
Goodwill
1,577,000
1,135,000
Intangible assets
4,179,000
4,224,000
Accumulated amortization
--Other assets
5,146,000
5,478,000
Deferred long term asset charges
_______________________________________________________________________________________

Total assets 207,000,000 176,064,000


Liabilities
Current liabilities
Accounts payable
36,223,000 32,589,000
Other current liabilities
7,435,000
5,953,000
_______________________________________________________________________________________
Total current liabilities
43,658,000 38,542,000
Long term debt
16,960,000
-Other liabilities
20,208,000 16,664,000
Deferred long term liability charges 2,625,000
2,648,000
Minority charges
Negative goodwill
_______________________________________________________________________________________
Total liabilities 43,658,000 38,542,000

Stockholders equity
Misc stocks options warrants
Redeemable preferred stock
Preferred stock
Common stock
19,764,000 16,422,000
Retained earnings
104,256,000 101,289,000
Treasury stock
Capital surplus
Other stockholders equity (471,000)
499,000
_______________________________________________________________________________________
Total stockholder equity
123,549,000
118,210,000
_______________________________________________________________________________________
Net tangible assets
117,793,000 112,851,000

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