Stock Analysis on Net

Apple Inc. (NASDAQ:AAPL)

$24.99

Common-Size Income Statement

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Apple Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Sep 30, 2023 Sep 24, 2022 Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018
Products
Services
Net sales
Products
Services
Cost of sales
Gross margin
Research and development
Selling, general and administrative
Operating expenses
Operating income
Interest and dividend income
Interest expense
Other income (expense), net
Other income (expense), net
Income before provision for income taxes
Provision for income taxes
Net income

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Apple Inc. operating income as a percentage of net sales increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Income before provision for income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Apple Inc. income before provision for income taxes as a percentage of net sales increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Apple Inc. net income as a percentage of net sales decreased from 2021 to 2022 and from 2022 to 2023.