Stock Analysis on Net

Apple Inc. (NASDAQ:AAPL)

Cash Flow Statement 
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Apple Inc., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Sep 28, 2024 Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Sep 24, 2022 Jun 25, 2022 Mar 26, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018
Net income 14,736 21,448 23,636 33,916 22,956 19,881 24,160 29,998 20,721 19,442 25,010 34,630 20,551 21,744 23,630 28,755 12,673 11,253 11,249 22,236 13,686 10,044 11,561 19,965
Depreciation and amortization 2,911 2,850 2,836 2,848 2,653 3,052 2,898 2,916 2,865 2,805 2,737 2,697 2,989 2,832 2,797 2,666 2,702 2,752 2,786 2,816 3,179 2,933 3,040 3,395
Share-based compensation expense 2,858 2,869 2,964 2,997 2,625 2,617 2,686 2,905 2,278 2,243 2,252 2,265 1,945 1,960 1,981 2,020 1,724 1,698 1,697 1,710 1,499 1,496 1,514 1,559
Other (302) 7 (982) (989) (576) 81 (1,415) (317) (1,689) 1,627 219 849 (3,495) (745) (648) (33) (400) 998 (419) (491) (614) (39) (338) (1)
Accounts receivable, net (10,485) (1,030) 1,172 6,555 (9,297) (1,987) 5,321 4,275 (6,384) (981) 9,476 (3,934) (8,809) 1,031 8,598 (10,945) 1,768 (2,135) 5,269 2,015 (8,768) 919 2,964 5,130
Vendor non-trade receivables (12,456) (1,064) 7,595 4,569 (11,840) (1,674) 12,465 2,320 (12,309) 4,146 10,455 (9,812) (8,795) (1,900) 16,986 (10,194) (7,132) 762 4,021 3,902 (10,552) (1,133) 7,711 6,905
Inventories (1,087) (12) 190 (137) 952 (22) (741) (1,807) 435 (16) 384 681 (1,429) 13 (276) (950) (137) (689) 727 (28) (785) 1,502 70 (1,076)
Other current and non-current assets (6,105) (1,188) (2,981) (1,457) (821) (771) 7 (4,099) (3,210) 253 1,379 (4,921) (2,143) (1,566) (807) (3,526) (2,828) 2,106 (1,812) (7,054) 180 1,410 169 (886)
Accounts payable 21,191 1,539 (12,168) (4,542) 14,901 3,974 (14,689) (6,075) 15,556 (4,358) (21,563) 19,813 14,112 211 (23,667) 21,670 6,725 2,733 (12,431) (1,089) 17,881 220 (11,523) (8,501)
Other current and non-current liabilities 15,550 3,439 428 (3,865) 45 1,229 (2,132) 3,889 5,864 (2,269) (2,183) 4,698 5,274 (2,486) (4,613) 9,300 5,481 (3,207) 2,224 6,499 4,204 (5,716) (4,013) 200
Changes in operating assets and liabilities 6,608 1,684 (5,764) 1,123 (6,060) 749 231 (1,497) (48) (3,225) (2,052) 6,525 (1,790) (4,697) (3,779) 5,355 3,877 (430) (2,002) 4,245 2,160 (2,798) (4,622) 1,772
Adjustments to reconcile net income to cash generated by operating activities 12,075 7,410 (946) 5,979 (1,358) 6,499 4,400 4,007 3,406 3,450 3,156 12,336 (351) (650) 351 10,008 7,903 5,018 2,062 8,280 6,224 1,592 (406) 6,725
Cash generated by operating activities 26,811 28,858 22,690 39,895 21,598 26,380 28,560 34,005 24,127 22,892 28,166 46,966 20,200 21,094 23,981 38,763 20,576 16,271 13,311 30,516 19,910 11,636 11,155 26,690
Purchases of marketable securities (10,582) (13,032) (15,262) (9,780) (8,557) (9,759) (6,044) (5,153) (6,745) (8,191) (27,074) (34,913) (15,506) (19,628) (34,624) (39,800) (18,332) (30,117) (29,073) (37,416) (17,728) (8,048) (6,777) (7,077)
Proceeds from maturities of marketable securities 11,373 12,376 14,416 13,046 11,829 10,733 9,997 7,127 5,714 6,203 6,691 11,309 9,143 10,275 14,428 25,177 15,053 15,127 19,998 19,740 13,319 9,903 9,677 7,203
Proceeds from sales of marketable securities 3,753 3,068 2,977 1,337 1,869 2,062 1,388 509 3,837 8,941 13,993 10,675 10,715 15,100 12,301 9,344 10,713 11,998 20,482 7,280 7,472 26,881 12,912 9,723
Payments for acquisition of property, plant and equipment (2,908) (2,151) (1,996) (2,392) (2,163) (2,093) (2,916) (3,787) (3,289) (2,102) (2,514) (2,803) (3,223) (2,093) (2,269) (3,500) (1,784) (1,565) (1,853) (2,107) (2,777) (2,000) (2,363) (3,355)
Other (191) (388) (445) (284) (584) (506) (106) (141) (734) (617) (361) (374) (294) (82) (204) 195 (119) (608) (541) (1,165) (1,084) 766 (101) (650)
Cash (used in) generated by investing activities 1,445 (127) (310) 1,927 2,394 437 2,319 (1,445) (1,217) 4,234 (9,265) (16,106) 835 3,572 (10,368) (8,584) 5,531 (5,165) 9,013 (13,668) (798) 27,502 13,348 5,844
Payments for taxes related to net share settlement of equity awards (278) (2,288) (284) (2,591) (312) (2,385) (418) (2,316) (308) (2,697) (330) (2,888) (701) (2,695) (299) (2,861) (400) (1,668) (187) (1,379) (191) (1,199) (109) (1,318)
Payments for dividends and dividend equivalents (3,804) (3,895) (3,710) (3,825) (3,758) (3,849) (3,650) (3,768) (3,703) (3,811) (3,595) (3,732) (3,640) (3,767) (3,447) (3,613) (3,511) (3,656) (3,375) (3,539) (3,479) (3,629) (3,443) (3,568)
Repurchases of common stock (25,083) (26,522) (23,205) (20,139) (21,003) (17,478) (19,594) (19,475) (24,428) (21,865) (22,631) (20,478) (19,748) (22,900) (18,548) (24,775) (17,187) (15,891) (18,574) (20,706) (17,444) (16,955) (23,702) (8,796)
Proceeds from issuance of term debt, net 5,228 5,465 6,470 13,923 5,456 8,425 2,210 6,963
Repayments of term debt (2,558) (4,250) (3,150) (7,500) (2,250) (1,401) (2,793) (3,000) (3,750) (1,250) (3,000) (3,500) (1,000) (7,379) (4,250) (1,000) (3,305) (3,000) (2,500)
Proceeds from (repayments of) commercial paper, net 6,945 997 2 (3,984) 1,993 1,989 254 (8,214) (1,015) 3,971 1,999 (1,000) (2,000) 3,000 22 (994) (1,487) 2,497 (979) (3,951) (1,990) (42) 6
Proceeds from repurchase agreement (5,165) 2,609 2,556
Other (170) (59) (86) (46) (73) (53) (66) (389) (12) (43) (44) (61) 487 (34) 545 (22) 444 (69) 393 (14) 368 (31) 339
Cash used in financing activities (24,948) (36,017) (30,433) (30,585) (23,153) (24,048) (25,724) (35,563) (26,794) (27,445) (28,351) (28,159) (20,382) (29,396) (11,326) (32,249) (21,357) (19,116) (20,940) (25,407) (21,039) (26,804) (29,457) (13,676)
Increase (decrease) in cash, cash equivalents and restricted cash 3,308 (7,286) (8,053) 11,237 839 2,769 5,155 (3,003) (3,884) (319) (9,450) 2,701 653 (4,730) 2,287 (2,070) 4,750 (8,010) 1,384 (8,559) (1,927) 12,334 (4,954) 18,858

Based on: 10-K (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-24), 10-Q (reporting date: 2022-06-25), 10-Q (reporting date: 2022-03-26), 10-Q (reporting date: 2021-12-25), 10-K (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-Q (reporting date: 2020-12-26), 10-K (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-K (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29).

Cash flow statement item Description The company
Cash generated by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Apple Inc. cash generated by operating activities increased from Q2 2024 to Q3 2024 but then slightly decreased from Q3 2024 to Q4 2024.
Cash (used in) generated by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Apple Inc. cash (used in) generated by investing activities increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Cash used in financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Apple Inc. cash used in financing activities decreased from Q2 2024 to Q3 2024 but then increased from Q3 2024 to Q4 2024 exceeding Q2 2024 level.