← Apple Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $45.7b | $48.4b | $59.5b | $55.3b | $57.4b | $94.7b | $99.8b | $97.0b | $93.7b | $112.0b | |
| Depreciation, Depletion and Amortization | $8.3b | $8.2b | $10.9b | $12.5b | $11.1b | $11.3b | $11.1b | $11.5b | $11.4b | $11.7b | |
| Amortization of Intangible Assets | $1.5b | $1.2b | — | — | — | — | — | — | — | — | |
| Depreciation | $10.5b | $10.2b | $10.9b | $11.3b | $9.7b | $9.5b | $8.7b | $8.5b | $8.2b | $8.0b | |
| Depreciation, Amortization and Accretion, Net | $10.5b | $10.2b | $10.9b | $12.5b | $11.1b | $11.3b | $11.1b | $11.5b | $11.4b | $11.7b | |
| Deferred Income Tax Expense (Benefit) | $4.9b | $6.0b | ($32.6b) | ($340.0m) | ($215.0m) | ($4.8b) | $895.0m | — | — | — | |
| Share-based Payment Arrangement, Noncash Expense | $4.2b | $4.8b | $5.3b | $6.1b | $6.8b | $7.9b | $9.0b | $10.8b | $11.7b | $12.9b | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $1.6b | $1.9b | $2.5b | $2.8b | $3.6b | $6.6b | $6.2b | $5.4b | $5.4b | $6.0b | |
| Share-based Payment Arrangement, Expense | $4.2b | $4.8b | $5.3b | $6.1b | $6.8b | $7.9b | $9.0b | $10.8b | $11.7b | $12.9b | |
| Goodwill, Impairment Loss | $0 | $0 | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | — | — | — | — | — | — | — | — | |
| Share-based compensation expense | $4.2b | $4.8b | $5.3b | $6.1b | $6.8b | $7.9b | $9.0b | $10.8b | $11.7b | $12.9b | |
| Income Tax Expense (Benefit) | $15.7b | $15.7b | $13.4b | $10.5b | $9.7b | $14.5b | $19.3b | $16.7b | $29.7b | $20.7b | |
| Other Nonoperating Income (Expense) | ($1.2b) | ($133.0m) | ($441.0m) | $422.0m | ($87.0m) | $60.0m | ($228.0m) | ($382.0m) | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Noncash investing and financing activities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($1.1b) | $2.1b | $5.3b | ($245.0m) | ($6.9b) | $10.1b | $1.8b | $1.7b | $3.8b | $6.7b | |
| Increase (Decrease) in Inventories | ($217.0m) | $2.7b | ($828.0m) | $289.0m | $127.0m | $2.6b | ($1.5b) | $1.6b | $1.0b | ($1.4b) | |
| Increase (Decrease) in Accounts Payable | $1.8b | $9.6b | $9.2b | ($1.9b) | ($4.1b) | $12.3b | $9.4b | ($1.9b) | $6.0b | $902.0m | |
| Purchases of property and equipment, accrued but unpaid | $12.7b | $12.5b | $13.3b | $10.5b | $7.3b | $11.1b | $10.7b | $11.0b | $9.4b | $12.7b | |
| General and Administrative Expense | — | — | — | — | — | — | — | — | — | $8.1b | |
| Goodwill | $5.4b | $5.7b | — | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | $1.3b | $2.7b | $2.0b | $1.8b | $803.0m | $258.0m | ($334.0m) | ($565.0m) | $269.0m | ($321.0m) | |
| Operating Expenses | $24.2b | $26.8b | $30.9b | $34.5b | $38.7b | $43.9b | $51.3b | $54.8b | $57.5b | $62.2b | |
| Other | ($110.0m) | $220.0m | ($745.0m) | ($105.0m) | ($126.0m) | ($129.0m) | ($160.0m) | ($581.0m) | ($361.0m) | ($111.0m) | |
| Accounts receivable, net | $1.1b | ($2.1b) | ($5.3b) | $245.0m | $6.9b | ($10.1b) | ($1.8b) | ($1.7b) | ($3.8b) | ($6.7b) | |
| Vendor non-trade receivables | ($51.0m) | ($4.3b) | ($8.0b) | $2.9b | $1.6b | ($3.9b) | ($7.5b) | $1.3b | ($1.4b) | ($347.0m) | |
| Inventories | $217.0m | ($2.7b) | $828.0m | ($289.0m) | ($127.0m) | ($2.6b) | $1.5b | ($1.6b) | ($1.0b) | $1.4b | |
| Other current and non-current assets | $1.1b | ($5.3b) | ($423.0m) | $873.0m | ($9.6b) | ($8.0b) | ($6.5b) | ($5.7b) | ($11.7b) | ($9.2b) | |
| Accounts payable | $1.8b | $9.6b | $9.2b | ($1.9b) | ($4.1b) | $12.3b | $9.4b | ($1.9b) | $6.0b | $902.0m | |
| Other current and non-current liabilities | ($2.1b) | ($154.0m) | $38.5b | ($4.7b) | $8.9b | $5.8b | $5.6b | $3.0b | $15.6b | ($11.1b) | |
| Purchases of marketable securities | ($142.4b) | ($159.5b) | ($71.4b) | ($39.6b) | ($114.9b) | ($109.6b) | ($76.9b) | ($29.5b) | ($48.7b) | ($24.4b) | |
| Proceeds from maturities of marketable securities | $21.3b | $31.8b | $55.9b | $40.1b | $69.9b | $59.0b | $29.9b | $39.7b | $51.2b | $40.9b | |
| Proceeds from sales of marketable securities | $90.5b | $94.6b | $47.8b | $57.0b | $50.5b | $47.5b | $37.4b | $5.8b | $11.1b | $12.9b | |
| Cash generated by investing activities | ($46.0b) | ($46.4b) | $16.1b | $45.9b | ($4.3b) | ($14.5b) | ($22.4b) | $3.7b | $2.9b | $15.2b | |
| Payments for taxes related to net share settlement of equity awards | ($1.6b) | ($1.9b) | ($2.5b) | ($2.8b) | ($3.6b) | ($6.6b) | ($6.2b) | ($5.4b) | ($5.4b) | ($6.0b) | |
| Proceeds from/(Repayments of) commercial paper, net | ($397.0m) | $3.9b | ($37.0m) | ($6.0b) | ($963.0m) | $1.0b | $4.0b | ($4.0b) | $4.0b | ($2.0b) | |
| Cash used in financing activities | ($20.5b) | ($17.3b) | ($87.9b) | ($91.0b) | ($86.8b) | ($93.4b) | ($110.7b) | ($108.5b) | ($122.0b) | ($120.7b) | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $741.0m | $1.5b | ($382.0m) | ($23.0m) | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $65.8b | $63.6b | $77.4b | $69.4b | $80.7b | $104.0b | $122.2b | $110.5b | $118.3b | $111.5b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $12.7b | $12.5b | $13.3b | $10.5b | $7.3b | $11.1b | $10.7b | $11.0b | $9.4b | $12.7b | |
| Payments for acquisition of property, plant and equipment | ($12.7b) | ($12.5b) | ($13.3b) | ($10.5b) | ($7.3b) | ($11.1b) | ($10.7b) | ($11.0b) | ($9.4b) | ($12.7b) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $297.0m | $329.0m | $721.0m | $624.0m | $1.5b | $33.0m | $306.0m | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | $110.0m | ($220.0m) | $745.0m | $1.1b | $791.0m | $608.0m | $1.8b | $1.3b | $1.3b | $1.5b | |
| Net Cash Provided by (Used in) Investing Activities | — | ($46.4b) | $16.1b | $45.9b | ($4.3b) | ($14.5b) | ($22.4b) | $3.7b | $2.9b | $15.2b | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $25.0b | $28.7b | $7.0b | $7.0b | $16.1b | $20.4b | $5.5b | $5.2b | $0 | $4.5b | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $21.3b | $31.8b | $55.9b | $40.1b | $69.9b | $59.0b | $29.9b | $39.7b | $51.2b | $40.9b | |
| Proceeds from issuance of term debt, net | $25.0b | $28.7b | $7.0b | $7.0b | $16.1b | $20.4b | $5.5b | $5.2b | $0 | $4.5b | |
| Repayments of Long-term Debt | $2.5b | $3.5b | $6.5b | $8.8b | $12.6b | $8.8b | $9.5b | $11.2b | $10.0b | $10.9b | |
| Repayments of term debt | ($2.5b) | ($3.5b) | ($6.5b) | ($8.8b) | ($12.6b) | ($8.8b) | ($9.5b) | ($11.2b) | ($10.0b) | ($10.9b) | |
| Proceeds from Issuance of Common Stock | $495.0m | $555.0m | $669.0m | $781.0m | $880.0m | $1.1b | — | — | — | — | |
| Payments for Repurchase of Common Stock | $29.7b | $32.9b | $72.7b | $66.9b | $72.4b | $86.0b | $89.4b | $77.5b | $94.9b | $90.7b | |
| Payments of Ordinary Dividends, Common Stock | $12.0b | $12.6b | $13.7b | $14.1b | $14.1b | $14.5b | $14.8b | $15.0b | $15.2b | $15.4b | |
| Repurchases of common stock | ($29.7b) | ($32.9b) | ($72.7b) | ($66.9b) | ($72.4b) | ($86.0b) | ($89.4b) | ($77.5b) | ($94.9b) | ($90.7b) | |
| Payments for dividends and dividend equivalents | ($12.2b) | $12.8b | $13.7b | $14.1b | ($14.1b) | ($14.5b) | ($14.8b) | ($15.0b) | ($15.2b) | ($15.4b) | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | ($105.0m) | ($126.0m) | ($129.0m) | ($160.0m) | ($581.0m) | ($361.0m) | ($111.0m) | |
| Net Cash Provided by (Used in) Financing Activities | — | ($17.3b) | ($87.9b) | ($91.0b) | ($86.8b) | ($93.4b) | ($110.7b) | ($108.5b) | ($122.0b) | ($120.7b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $24.3b | ($10.4b) | ($3.9b) | ($11.0b) | $5.8b | ($794.0m) | $6.0b | |
| Increase/(Decrease) in cash, cash equivalents, and restricted cash and cash equivalents | — | ($195.0m) | $5.6b | $24.3b | ($10.4b) | ($3.9b) | ($11.0b) | $5.8b | ($794.0m) | $6.0b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $50.2b | $39.8b | $35.9b | $25.0b | $30.7b | $29.9b | $35.9b | |
| Cash, cash equivalents, and restricted cash and cash equivalents, beginning balances | — | $20.3b | $25.9b | $50.2b | $39.8b | $35.9b | $25.0b | $30.7b | $29.9b | $35.9b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $3.0b | $3.4b | $3.0b | $2.7b | $2.9b | $3.8b | — | — | |
| Income Taxes Paid, Net | $10.4b | $11.6b | $10.4b | $15.3b | $9.5b | $25.4b | $19.6b | $18.7b | $26.1b | $43.4b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.