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Apple Inc. (AAPL)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsSep-24-22Sep-25-21Sep-26-20Sep-28-19Sep-29-18Sep-30-17Sep-24-16Sep-26-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Net sales  394,328.0365,817.0274,515.0260,174.0265,595.0229,234.0215,639.0233,715.0
            Net sales growth  7.8%33.3%5.5%-2.0%15.9%6.3%-7.7%27.9%
Cost of sales  223,546.0212,981.0169,559.0161,782.0163,756.0141,048.0131,376.0140,089.0
    Gross margin  170,782.0152,836.0104,956.098,392.0101,839.088,186.084,263.093,626.0
            Gross margin  43.3%41.8%38.2%37.8%38.3%38.5%39.1%40.1%
   
Operating expenses:          
Research and development  26,251.021,914.018,752.016,217.014,236.011,581.010,045.08,067.0
Selling, general and administrative  25,094.021,973.019,916.018,245.016,705.015,261.014,194.014,329.0
    Total operating expenses  51,345.043,887.038,668.034,462.030,941.026,842.024,239.022,396.0
    Operating income  119,437.0108,949.066,288.063,930.070,898.061,344.060,024.071,230.0
            Operating margin  30.3%29.8%24.1%24.6%26.7%26.8%27.8%30.5%
Other income/(expense), net  -334.0258.0803.01,807.02,005.02,745.01,348.01,285.0
    Income before provision for income taxes  119,103.0109,207.067,091.065,737.072,903.064,089.061,372.072,515.0
Provision for income taxes  19,300.014,527.09,680.010,481.013,372.015,738.015,685.019,121.0
    Net income  99,803.094,680.057,411.055,256.059,531.048,351.045,687.053,394.0
   
Earnings per share:          
Basic (in dollars per share)  $6.15$5.67$3.31$11.97$12.01$9.27$8.35$9.28
Diluted (in dollars per share)  $6.11$5.61$3.28$11.89$11.91$9.21$8.31$9.22
   
Shares used in computing earnings per share:          
Basic (in shares)  16,216.016,701.317,352.14,617.84,955.45,217.25,470.85,753.4
Diluted (in shares)  16,325.816,864.917,528.24,648.95,000.15,251.75,500.35,793.1

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