Apple Inc.

Listed Company

AAPLCIK 0000320193NasdaqLarge AcceleratedElectronic ComputersCaliforniaFY ends Sep 26

Period

FY 2025

Revenue

$416.16B

Net Income

$112.01B

Total Assets

$359.24B

Equity

$73.73B

Shares Out

14.68B

Op. Cash Flow

$111.48B

Business

Apple Inc. designs, manufactures, and markets a range of consumer electronics and related services. Its main products include smartphones (iPhone), personal computers (Mac), tablets (iPad), wearables, and accessories, alongside various services such as AppleCare and cloud services. The company operates through geographic segments, including the Americas, Europe, Greater China, Japan, and Rest of Asia Pacific, distributing its products and services directly to consumers and through third-party carriers and resellers.

Summary from filing dated 2025-10-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net sales	416,161	391,035	383,285	394,328	365,817
Cost of sales	220,960	210,352	214,137	223,546	212,981
Gross margin	195,201	180,683	169,148	170,782	152,836
Research and development	34,550	31,370	29,915	26,251	21,914
Selling, general and administrative	27,601	26,097	24,932	25,094	21,973
Total operating expenses	62,151	57,467	54,847	51,345	43,887
Operating income	133,050	123,216	114,301	119,437	108,949
Other income/(expense), net	−321	269	−565	−334	258
Income before provision for income taxes	132,729	123,485	113,736	119,103	109,207
Provision for income taxes	20,719	29,749	16,741	19,300	14,527
Net income	112,010	93,736	96,995	99,803	94,680
Basic (in dollars per share)	7.49	6.11	6.16	6.15	5.67
Diluted (in dollars per share)	7.46	6.08	6.13	6.11	5.61
Basic (in shares)	14,949	15,344	15,744	16,216	16,701
Diluted (in shares)	15,005	15,408	15,813	16,326	16,865

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	35,934	29,943	29,965	23,646	34,940
Marketable securities	18,763	35,228	31,590	24,658	27,699
Accounts receivable, net	39,777	33,410	29,508	28,184	26,278
Vendor non-trade receivables	33,180	32,833	31,477	32,748	25,228
Inventories	5,718	7,286	6,331	4,946	6,580
Other current assets	14,585	14,287	14,695	21,223	14,111
Total current assets	147,957	152,987	143,566	135,405	134,836
Marketable securities	77,723	91,479	100,544	120,805	127,877
Property, plant and equipment, net	49,834	45,680	43,715	42,117	39,440
Other non-current assets	83,727	74,834	64,758	54,428	48,849
Total non-current assets	211,284	211,993	209,017	217,350	216,166
Total assets	359,241	364,980	352,583	352,755	351,002
Accounts payable	69,860	68,960	62,611	64,115	54,763
Other current liabilities	66,387	78,304	58,829	60,845	47,493
Deferred revenue	9,055	8,249	8,061	7,912	7,612
Commercial paper	7,979	9,967	5,985	9,982	6,000
Term debt	12,350	10,912	9,822	11,128	9,613
Total current liabilities	165,631	176,392	145,308	153,982	125,481
Term debt	78,328	85,750	95,281	98,959	109,106
Other non-current liabilities	41,549	45,888	49,848	49,142	53,325
Total non-current liabilities	119,877	131,638	145,129	148,101	162,431
Total liabilities	285,508	308,030	290,437	302,083	287,912
Commitments and contingencies	—	—	—	—	—
Common stock, shares outstanding (in shares)	14,773	15,117	15,550	15,943	16,427
Common stock, shares issued (in shares)	14,773	15,117	15,550	15,943	16,427
Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 14,773,260 and 15,116,786 shares issued and outstanding, respectively	93,568	83,276	73,812	64,849	57,365
Accumulated deficit	−14,264	−19,154	−214	−3,068	5,562
Accumulated other comprehensive loss	−5,571	−7,172	−11,452	−11,109	163
Total shareholders equity	73,733	56,950	62,146	50,672	63,090
Total liabilities and shareholders equity	359,241	364,980	352,583	352,755	351,002

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	11,698	11,445	11,519	11,104	11,284
Share-based compensation expense	12,863	11,688	10,833	9,038	7,906
Other	−89	−2,266	−2,227	1,006	−4,921
Accounts receivable, net	−6,682	−3,788	−1,688	−1,823	−10,125
Vendor non-trade receivables	−347	−1,356	1,271	−7,520	−3,903
Inventories	1,400	−1,046	−1,618	1,484	−2,642
Other current and non-current assets	−9,197	−11,731	−5,684	−6,499	−8,042
Accounts payable	902	6,020	−1,889	9,448	12,326
Other current and non-current liabilities	−11,076	15,552	3,031	6,110	7,475
Cash generated by operating activities	111,482	118,254	110,543	122,151	104,038
Purchases of marketable securities	−24,407	−48,656	−29,513	−76,923	−109,558
Proceeds from maturities of marketable securities	40,907	51,211	39,686	29,917	59,023
Proceeds from sales of marketable securities	12,890	11,135	5,828	37,446	47,460
Payments for acquisition of property, plant and equipment	−12,715	−9,447	−10,959	−10,708	−11,085
Other	−1,480	−1,308	−1,337	−2,086	−385
Cash generated by investing activities	15,195	2,935	3,705	−22,354	−14,545
Payments for taxes related to net share settlement of equity awards	−5,960	−5,441	−5,431	−6,223	−6,556
Payments for dividends and dividend equivalents	−15,421	−15,234	−15,025	−14,841	−14,467
Repurchases of common stock	−90,711	−94,949	−77,550	−89,402	−85,971
Proceeds from issuance of term debt, net	4,481	0	5,228	5,465	20,393
Repayments of term debt	−10,932	−9,958	−11,151	−9,543	−8,750
Proceeds from/(Repayments of) commercial paper, net	−2,032	3,960	−3,978	3,955	1,022
Other	−111	−361	−581	−160	976
Cash used in financing activities	−120,686	−121,983	−108,488	−110,749	−93,353
Increase/(Decrease) in cash, cash equivalents, and restricted cash and cash equivalents	5,991	−794	5,760	−10,952	−3,860
Cash paid for income taxes, net	43,369	26,102	18,679	19,573	25,385

Filings

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