110,346,000 Apple Inc. (AAPL) Income Statement Revenue 9/30/17 9/24/16 9/26/15 T
ID: 1169993 • Letter: 1
Question
110,346,000
Apple Inc. (AAPL) Income Statement Revenue 9/30/17 9/24/16 9/26/15 Total Revenue 229,234,000 215,639,000 233,715,000 Cost of Revenue 141,048,000 131,376,000 140,089,000 Gross Profit 88,186,000 84,263,000 93,626,000 Operating Expenses Research Development 11,581,000 10,045,000 8,067,000 Selling General and Administrative 15,261,000 14,194,000 14,329,000 Non Recurring - - - Others - - - Total Operating Expenses - - - Operating Income or Loss 61,344,000 60,024,000 71,230,000 Income from Continuing Operations Total Other Income/Expenses Net 2,745,000 1,348,000 1,285,000 Earnings Before Interest and Taxes 64,089,000 61,372,000 72,515,000 Interest Expense - - - Income Before Tax 64,089,000 61,372,000 72,515,000 Income Tax Expense 15,738,000 15,685,000 19,121,000 Minority Interest - - - Net Income From Continuing Ops 48,351,000 45,687,000 53,394,000 Non-recurring Events Discontinued Operations - - - Extraordinary Items - - - Effect Of Accounting Changes - - - Other Items - - - Net Income Net Income 48,351,000 45,687,000 53,394,000 Preferred Stock And Other Adjustments - - - Net Income Applicable To Common Shares 48,351,000 45,687,000 53,394,000 Income Statement All numbers in thousands Revenue 9/30/2017 9/24/2016 9/26/2015 Total Revenue 229,234,000 215,639,000 233,715,000 Cost of Revenue 141,048,000 131,376,000 140,089,000 Gross Profit 88,186,000 84,263,000 93,626,000 Operating Expenses Research Development 11,581,000 10,045,000 8,067,000 Selling General and Administrative 15,261,000 14,194,000 14,329,000 Non Recurring Others Total Operating Expenses Operating Income or Loss 61,344,000 60,024,000 71,230,000 Income from Continuing Operations Total Other Income/Expenses Net 2,745,000 1,348,000 1,285,000 Earnings Before Interest and Taxes 64,089,000 61,372,000 72,515,000 Interest Expense Income Before Tax 64,089,000 61,372,000 72,515,000 Income Tax Expense 15,738,000 15,685,000 19,121,000 Minority Interest Net Income From Continuing Ops 48,351,000 45,687,000 53,394,000Explanation / Answer
Particular 9/30/17 9/24/16 9/26/15 Sales 100% 100% 100% Cost of Goods 61.53% 60.92% 59.94% Gross profit 38.47% 39.07% 40.06% Selling & marketing 5.05% 4.66% 3.45% Administration expenses 6.66% 6.58% 6.13% Depriciation 4.43% 4.85% 4.81% Total operating expenses 11.71% 11.24% 9.58% Operating income 26.76% 27.83% 30.48% Interest expenses - - - Earning before tax 27.96% 28.46% 31.03% Income tax 27.96% 28.46% 31.03% Net income 21.09% 21.19% 22.85% Earning per share 1.35 1.46 1.95 Divident per share $0.36 $0.39 $0.42 Number of share outstanding 35,867,000 31,251,000 27,416,000 Assets Cash 5.40% 6.36% 7.27% Account receivable 9.50% 9.1% 10.45% Inventory 1.29% 0.66% 0.81% current assets 34.27% 33.22% 30.78% Gross fixed assets 65.7% 66.77% 69.21% total assets 100% 100% 100% Laibilty Account payable 19.92% 18.44% 20.89% short term laibility 4.92% 3.61% 3.78% current laibility 26.86% 24.56% 27.76% totao long term laibility 37.42% 35.57% 37.99% total debt 64.28% 60.13% 58.89% total equity 35.72% 39.87% 41.11% total debt and equity 100% 100% 100%
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