Common-Size Income Statement
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.|