apple - income statement

Apple Inc | Income Statement | Thomson Reuters Eikon 15-Oct-2013 22:30

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Income StatementAnnual Standardised in Thousands of U.S. Dollars

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012Earnings Quality Score 89 94 99 95 97 97 97 91 67 67

Period End Date 27-Sep-2003 25-Sep-2004 24-Sep-2005 30-Sep-2006 29-Sep-2007 27-Sep-2008 26-Sep-2009 25-Sep-2010 24-Sep-2011 29-Sep-2012Reporting Unit Millions Millions Millions Millions Millions Millions Millions Millions Millions Millions

Reporting Currency U.S. Dollar U.S. Dollar U.S. Dollar U.S. Dollar U.S. Dollar U.S. Dollar U.S. Dollar U.S. Dollar U.S. Dollar U.S. Dollar Revenue 6,207,000 8,279,000 13,931,000 19,315,000 24,578,000 37,491,000 42,905,000 65,225,000 108,249,000 156,508,000

Net Sales 6,207,000 8,279,000 13,931,000 19,315,000 24,578,000 37,491,000 42,905,000 65,225,000 108,249,000 156,508,000

Other Revenue, Total -- -- -- -- -- -- -- -- -- --

Total Revenue 6,207,000 8,279,000 13,931,000 19,315,000 24,578,000 37,491,000 42,905,000 65,225,000 108,249,000 156,508,000

Cost of Revenue, Total 4,499,000 6,022,000 9,889,000 13,717,000 16,426,000 24,294,000 25,683,000 39,541,000 64,431,000 87,846,000

Cost of Revenue 4,499,000 6,022,000 9,889,000 13,717,000 16,426,000 24,294,000 25,683,000 39,541,000 64,431,000 87,846,000

Gross Profit 1,708,000 2,257,000 4,042,000 5,598,000 8,152,000 13,197,000 17,222,000 25,684,000 43,818,000 68,662,000

Selling/General/Admin. Expenses, Total 1,212,000 1,430,000 1,864,000 2,433,000 2,963,000 3,761,000 4,149,000 5,517,000 7,599,000 10,040,000

Selling/General/Administrative Expense 1,212,000 1,430,000 1,864,000 2,433,000 2,963,000 3,761,000 4,149,000 5,517,000 7,599,000 10,040,000

Labor & Related Expense 0 -- -- -- -- -- -- -- -- --

Research & Development 471,000 491,000 535,000 712,000 782,000 1,109,000 1,333,000 1,782,000 2,429,000 3,381,000

Depreciation/Amortization -- -- -- -- -- -- -- -- -- --

Interest Expense, Net - Operating -- -- -- -- -- -- -- -- -- --

Interest/Investment Income - Operating -- -- -- -- -- -- -- -- -- --

Interest Expense(Income) - Net Operating -- -- -- -- -- -- -- -- -- --

Interest Exp.(Inc.),Net-Operating, Total -- -- -- -- -- -- -- -- -- --

Unusual Expense (Income) 26,000 23,000 0 0 -- -- -- -- -- --

Purchased R&D Written-Off 0 -- -- -- -- -- -- -- -- --

Restructuring Charge 26,000 23,000 0 0 -- -- -- -- -- --

Other Operating Expenses, Total -- -- -- -- -- -- -- -- -- --

AAPL.O - Apple Inc

Total Operating Expense 6,208,000 7,966,000 12,288,000 16,862,000 20,171,000 29,164,000 31,165,000 46,840,000 74,459,000 101,267,000

Operating Income (1,000) 313,000 1,643,000 2,453,000 4,407,000 8,327,000 11,740,000 18,385,000 33,790,000 55,241,000

Interest Expense, Net Non-Operating (8,000) (3,000) 0 0 -- -- -- -- -- --

Interest Expense - Non-Operating (8,000) (3,000) 0 0 -- -- -- -- -- --

Interest/Invest Income - Non-Operating 100,000 68,000 183,000 394,000 647,000 653,000 407,000 311,000 519,000 1,088,000

Interest Income - Non-Operating 69,000 64,000 183,000 394,000 647,000 653,000 407,000 311,000 519,000 1,088,000

Investment Income - Non-Operating 31,000 4,000 0 0 -- -- -- -- -- --

Interest Income(Exp), Net Non-Operating -- -- -- -- -- -- -- -- -- --

Interest Inc.(Exp.),Net-Non-Op., Total 92,000 65,000 183,000 394,000 647,000 653,000 407,000 311,000 519,000 1,088,000

Gain (Loss) on Sale of Assets -- -- -- -- -- -- -- -- -- --

Other, Net 1,000 (8,000) (18,000) (29,000) (48,000) (33,000) (81,000) (156,000) (104,000) (566,000)

Other Non-Operating Income (Expense) 1,000 (8,000) (18,000) (29,000) (48,000) (33,000) (81,000) (156,000) (104,000) (566,000)

Net Income Before Taxes 92,000 370,000 1,808,000 2,818,000 5,006,000 8,947,000 12,066,000 18,540,000 34,205,000 55,763,000

Provision for Income Taxes 24,000 104,000 480,000 829,000 1,511,000 2,828,000 3,831,000 4,527,000 8,283,000 14,030,000

Net Income After Taxes 68,000 266,000 1,328,000 1,989,000 3,495,000 6,119,000 8,235,000 14,013,000 25,922,000 41,733,000

Minority Interest -- -- -- -- -- -- -- -- -- --

Equity In Affiliates -- -- -- -- -- -- -- -- -- --

U.S. GAAP Adjustment -- -- -- -- -- -- -- -- -- --

Net Income Before Extra. Items 68,000 266,000 1,328,000 1,989,000 3,495,000 6,119,000 8,235,000 14,013,000 25,922,000 41,733,000

Accounting Change 1,000 -- -- -- -- -- -- -- -- --

Discontinued Operations -- -- -- -- -- -- -- -- -- --

Extraordinary Item -- -- -- -- -- -- -- -- -- --

Tax on Extraordinary Items -- -- -- -- -- -- -- -- -- --

Total Extraordinary Items 1,000 -- -- -- -- -- -- -- -- --

Net Income 69,000 266,000 1,328,000 1,989,000 3,495,000 6,119,000 8,235,000 14,013,000 25,922,000 41,733,000

Preferred Dividends -- -- -- -- -- -- -- -- -- --

General Partners' Distributions -- -- -- -- -- -- -- -- -- --

Miscellaneous Earnings Adjustment -- -- -- -- -- -- -- -- -- --

Pro Forma Adjustment -- -- -- -- -- -- -- -- -- --

Interest Adjustment - Primary EPS -- -- -- -- -- -- -- -- -- --

Total Adjustments to Net Income -- -- -- -- -- -- -- -- -- --

Income Available to Com Excl ExtraOrd 68,000 266,000 1,328,000 1,989,000 3,495,000 6,119,000 8,235,000 14,013,000 25,922,000 41,733,000

Income Available to Com Incl ExtraOrd 69,000 266,000 1,328,000 1,989,000 3,495,000 6,119,000 8,235,000 14,013,000 25,922,000 41,733,000

Basic Weighted Average Shares 721,262 743,180 808,439 844,058 864,595 881,592 893,016 909,461 924,258 934,818

Basic EPS Excluding Extraordinary Items 0.09 0.36 1.64 2.36 4.04 6.94 9.22 15.41 28.05 44.64

Basic EPS Including Extraordinary Items 0.10 0.36 1.64 2.36 4.04 6.94 9.22 15.41 28.05 44.64

Dilution Adjustment 0 -- -- -- -- -- -- -- -- --

Diluted Net Income 69,000 266,000 1,328,000 1,989,000 3,495,000 6,119,000 8,235,000 14,013,000 25,922,000 41,733,000

Diluted Weighted Average Shares 726,932 774,776 856,878 877,526 889,292 902,139 907,005 924,712 936,645 945,355

Diluted EPS Excluding ExtraOrd Items 0.09 0.34 1.55 2.27 3.93 6.78 9.08 15.15 27.68 44.15

Diluted EPS Including ExtraOrd Items 0.09 0.34 1.55 2.27 3.93 6.78 9.08 15.15 27.68 44.15 Supplemental ($ Thousands)DPS - Common Stock Primary Issue 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.65

Dividends per Share - Com Stock Issue 2 -- -- -- -- -- -- -- -- -- --



Special DPS - Common Stock Primary Issue -- -- -- -- -- -- -- -- -- --

Special DPS - Common Stock Issue 2 -- -- -- -- -- -- -- -- -- --



Gross Dividends - Common Stock 0 0 0 0 0 0 0 0 0 2,500,000

Pro Forma Stock Compensation Expense 166,000 105,000 73,000 -- -- -- -- -- -- --

Net Income after Stock Based Comp. Exp. (97,000) 161,000 1,255,000 -- -- -- -- -- -- --

Basic EPS after Stock Based Comp. Exp. (0.14) 0.22 1.55 -- -- -- -- -- -- --

Diluted EPS after Stock Based Comp. Exp. (0.14) 0.21 1.47 -- -- -- -- -- -- --

Stock-Based Compensation, Supplemental -- -- -- 163,000 242,000 516,000 710,000 879,000 1,168,000 1,740,000

Interest Expense, Supplemental 8,000 3,000 0 0 -- -- -- -- -- --

Interest Capitalized, Supplemental -- -- -- -- -- -- -- -- -- --

Interest Expense (Financial Oper), Suppl -- -- -- -- -- -- -- -- -- --

Net Revenues -- -- -- -- -- -- -- -- -- --

Depreciation, Supplemental 103,000 143,000 170,000 213,000 259,000 387,000 606,000 815,000 1,622,000 2,672,000

Funds From Operations - REIT -- -- -- -- -- -- -- -- -- --

(Gain) Loss on Sale of Assets, Suppl. -- -- -- -- -- -- -- -- -- --

Impairment-Assets Held for Sale, Suppl. -- -- -- -- -- -- -- -- -- --

Impairment-Assets Held for Use, Suppl. -- -- -- -- -- -- -- -- -- --

Litigation Charge, Supplemental -- -- -- -- -- -- -- -- -- --

Purchased R&D Written-Off, Supplemental -- -- -- -- -- -- -- -- -- --

Restructuring Charge, Supplemental -- -- -- -- -- -- -- -- -- --

Other Unusual Expense(Income), Suppl. -- -- -- -- -- -- -- -- -- --

Non-Recurring Items, Supplemental, Total -- -- -- -- -- -- -- -- -- --

Total Special Items 26,000 23,000 0 0 -- -- -- -- -- --

Normalized Income Before Taxes 118,000 393,000 1,808,000 2,818,000 5,006,000 8,947,000 12,066,000 18,540,000 34,205,000 55,763,000

Effect of Special Items on Income Taxes 6,783 6,465 0 0 -- -- -- -- -- --

Inc Tax Ex Impact of Sp Items 30,783 110,465 480,000 829,000 1,511,000 2,828,000 3,831,000 4,527,000 8,283,000 14,030,000

Normalized Income After Taxes 87,217 282,535 1,328,000 1,989,000 3,495,000 6,119,000 8,235,000 14,013,000 25,922,000 41,733,000

Normalized Inc. Avail to Com. 87,217 282,535 1,328,000 1,989,000 3,495,000 6,119,000 8,235,000 14,013,000 25,922,000 41,733,000

Basic Normalized EPS 0.12 0.38 1.64 2.36 4.04 6.94 9.22 15.41 28.05 44.64

Diluted Normalized EPS 0.12 0.36 1.55 2.27 3.93 6.78 9.08 15.15 27.68 44.15

Amort of Acquisition Costs, Supplemental 0 -- -- -- -- -- -- -- -- --

Amort of Intangibles, Supplemental 10,000 7,000 9,000 12,000 48,000 46,000 53,000 69,000 192,000 605,000

Rental Expense, Supplemental 97,000 103,000 140,000 138,000 151,000 207,000 231,000 271,000 338,000 488,000

Labor & Related Expense Suppl. -- -- -- -- -- -- -- -- -- --

EPS, Supplemental -- -- -- -- -- -- -- -- -- --

Advertising Expense, Supplemental 193,000 206,000 287,000 338,000 467,000 486,000 501,000 691,000 933,000 1,000,000

Equity in Affiliates, Supplemental -- -- -- -- -- -- -- -- -- --

Minority Interest, Supplemental -- -- -- -- -- -- -- -- -- --

Research & Development Exp, Supplemental 471,000 491,000 535,000 712,000 782,000 1,109,000 1,333,000 1,782,000 2,429,000 3,381,000

Audit Fees 3,028 3,402 6,949 7,913 -- 6,809 5,907 6,300 7,697 7,081

Audit-Related Fees 145 57 47 280 -- 750 165 327 334 379

Tax Fees 1,017 785 923 821 -- 525 691 264 267 225

All Other Fees 0 0 0 0 -- 0 0 0 0 0

Reported Recurring Revenue -- -- -- -- -- -- -- -- -- --

Reported Net Premiums Written -- -- -- -- -- -- -- -- -- --

Reported Total Revenue -- -- -- -- -- -- -- -- -- --

Reported Operating Revenue -- -- -- -- -- -- -- -- -- --

Reported Total Cost of Revenue -- -- -- -- -- -- -- -- -- --

Reported Total Sales, General & Admin. -- -- -- -- -- -- -- -- -- --

Reported Gross Profit -- -- -- -- -- -- -- -- -- --

Reported Operating Profit -- -- -- -- -- -- -- -- -- --

Reported Operating Profit Margin -- -- -- -- -- -- -- -- -- --

Reported Ordinary Profit -- -- -- -- -- -- -- -- -- --

Reported Net Income After Tax -- -- -- -- -- -- -- -- -- --

Reported Basic EPS -- -- -- -- -- -- -- -- -- --

Reported Diluted EPS -- -- -- -- -- -- -- -- -- --

Reported Net Business Profits -- -- -- -- -- -- -- -- -- --

Islamic Income -- -- -- -- -- -- -- -- -- --

Zakat -- -- -- -- -- -- -- -- -- --

Islamic Section, Supplemental -- -- -- -- -- -- -- -- -- --

Normalized EBIT 25,000 336,000 1,643,000 2,453,000 4,407,000 8,327,000 11,740,000 18,385,000 33,790,000 55,241,000

Normalized EBITDA 138,000 486,000 1,822,000 2,678,000 4,714,000 8,760,000 12,399,000 19,269,000 35,604,000 58,518,000 Tax & Pension Items ($ Thousands)Current Tax - Total 43,000 85,000 430,000 776,000 1,438,000 2,430,000 2,791,000 3,087,000 5,415,000 9,625,000

Current Tax - Domestic 18,000 34,000 305,000 619,000 1,223,000 1,796,000 1,922,000 2,150,000 3,884,000 7,240,000

Current Tax - Foreign 21,000 46,000 59,000 101,000 103,000 275,000 345,000 282,000 769,000 1,203,000

Current Tax - Local 4,000 5,000 66,000 56,000 112,000 359,000 524,000 655,000 762,000 1,182,000

Deferred Tax - Total (19,000) 19,000 50,000 53,000 73,000 398,000 1,040,000 1,440,000 2,868,000 4,405,000

Deferred Tax - Domestic (7,000) 53,000 144,000 56,000 80,000 498,000 1,077,000 1,676,000 2,998,000 5,018,000

Deferred Tax - Foreign (1,000) (16,000) (3,000) (17,000) (16,000) (75,000) (35,000) (121,000) (167,000) (490,000)

Deferred Tax - Local (11,000) (18,000) (91,000) 14,000 9,000 (25,000) (2,000) (115,000) 37,000 (123,000)

Income Tax - Total 24,000 104,000 480,000 829,000 1,511,000 2,828,000 3,831,000 4,527,000 8,283,000 14,030,000

Income Tax by Region - Total -- -- -- -- -- -- -- -- -- --

Domestic Pension Plan Expense -- -- -- -- -- -- -- -- -- --

Foreign Pension Plan Expense -- -- -- -- -- -- -- -- -- --

Post-Retirement Plan Expense -- -- -- -- -- -- -- -- -- --

Total Pension Expense 21,000 24,000 28,000 33,000 39,000 50,000 59,000 72,000 90,000 114,000

Defined Contribution Expense - Domestic 21,000 24,000 28,000 33,000 39,000 50,000 59,000 72,000 90,000 114,000

Assumptions -- -- -- -- -- -- -- -- -- --

Total Plan Interest Cost -- -- -- -- -- -- -- -- -- --

Total Plan Service Cost -- -- -- -- -- -- -- -- -- --

Total Plan Expected Return -- -- -- -- -- -- -- -- -- --

Total Plan Other Expense -- -- -- -- -- -- -- -- -- --

apple - income statement

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