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Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and per-share amounts) Twelve Months Ended Three Months Ended September 30, 2023 September 24, 2022 September 30, 2023 September 24, 2022 Net sales: Products Services Total net sales (1) Cost of sales: Products Services Total cost of sales Gross margin $ 67,184 $ 70,958 $ 298,085 $ 316,199 22,314 19,188 85,200 78,129 89,498 90,146 383,285 394,328 42,586 46,387 189,282 201,471 6,485 5,664 24,855 22,075 49,071 52,051 214,137 223,546 40,427 38,095 169,148 170,782 Operating expenses: Research and development 7,307 6,761 29,915 26,251 Selling, general and administrative 6,151 6,440 24,932 25,094 Total operating expenses 13,458 13,201 54,847 51,345 Operating income 26,969 24,894 114,301 119,437 Other income/(expense), net 29 (237) (565) (334) Income before provision for income taxes 26,998 24,657 113,736 119,103 Provision for income taxes Net income 4,042 3,936 16,741 19,300 $ 22,956 $ 20,721 $ 96,995 $ 99,803 Earnings per share: Basic Diluted Shares used in computing earnings per share: Basic Diluted (1) Net sales by reportable segment: $ 1.47 $ 1.29 $ 6.16 $ 6.15 $ 1.46 $ 1.29 $ 6.13 $ 6.11 15,599,434 15,672,400 16,030,382 16,118,465 15,744,231 15,812,547 16,215,963 16,325,819 Americas $ 40,115 $ Europe 22,463 39,808 $ 22,795 162,560 $ 169,658 94,294 95,118 Greater China 15,084 15,470 72,559 74,200 Japan 5,505 5,700 24,257 25,977 Rest of Asia Pacific 6,331 6,373 29,615 29,375 Total net sales $ 89,498 $ 90,146 $ 383,285 $ 394,328 (1) Net sales by category: iPhone Mac iPad Wearables, Home and Accessories Services Total net sales $ 43,805 $ 7,614 42,626 $ 11,508 200,583 $ 205,489 29,357 40,177 6,443 7,174 28,300 29,292 9,322 9,650 39,845 41,241 22,314 19,188 85,200 78,129 $ 89,498 $ 90,146 $ 383,285 $ 394,328 Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and per-share amounts) Twelve Months Ended Three Months Ended September 30, 2023 September 24, 2022 September 30, 2023 September 24, 2022 Net sales: Products Services Total net sales (1) Cost of sales: Products Services Total cost of sales Gross margin $ 67,184 $ 70,958 $ 298,085 $ 316,199 22,314 19,188 85,200 78,129 89,498 90,146 383,285 394,328 42,586 46,387 189,282 201,471 6,485 5,664 24,855 22,075 49,071 52,051 214,137 223,546 40,427 38,095 169,148 170,782 Operating expenses: Research and development 7,307 6,761 29,915 26,251 Selling, general and administrative 6,151 6,440 24,932 25,094 Total operating expenses 13,458 13,201 54,847 51,345 Operating income 26,969 24,894 114,301 119,437 Other income/(expense), net 29 (237) (565) (334) Income before provision for income taxes 26,998 24,657 113,736 119,103 Provision for income taxes Net income 4,042 3,936 16,741 19,300 $ 22,956 $ 20,721 $ 96,995 $ 99,803 Earnings per share: Basic Diluted Shares used in computing earnings per share: Basic Diluted (1) Net sales by reportable segment: $ 1.47 $ 1.29 $ 6.16 $ 6.15 $ 1.46 $ 1.29 $ 6.13 $ 6.11 15,599,434 15,672,400 16,030,382 16,118,465 15,744,231 15,812,547 16,215,963 16,325,819 Americas $ 40,115 $ Europe 22,463 39,808 $ 22,795 162,560 $ 169,658 94,294 95,118 Greater China 15,084 15,470 72,559 74,200 Japan 5,505 5,700 24,257 25,977 Rest of Asia Pacific 6,331 6,373 29,615 29,375 Total net sales $ 89,498 $ 90,146 $ 383,285 $ 394,328 (1) Net sales by category: iPhone Mac iPad Wearables, Home and Accessories Services Total net sales $ 43,805 $ 7,614 42,626 $ 11,508 200,583 $ 205,489 29,357 40,177 6,443 7,174 28,300 29,292 9,322 9,650 39,845 41,241 22,314 19,188 85,200 78,129 $ 89,498 $ 90,146 $ 383,285 $ 394,328
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Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
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