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Income Statement Quarterly Data

Difficulty: Beginner

The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Apple Inc., Consolidated Income Statement (quarterly data)

USD $ in millions

 
3 months ended Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Sep 24, 2016 Jun 25, 2016 Mar 26, 2016 Dec 26, 2015 Sep 26, 2015 Jun 27, 2015 Mar 28, 2015 Dec 27, 2014 Sep 27, 2014 Jun 28, 2014 Mar 29, 2014 Dec 28, 2013 Sep 28, 2013 Jun 29, 2013 Mar 30, 2013 Dec 29, 2012 Sep 29, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011
Net sales
Cost of sales
Gross margin
Research and development
Selling, general and administrative
Operating expenses
Operating income
Other income (expense), net
Income before provision for income taxes
Provision for income taxes
Net income
Source: Apple Inc., Quarterly and Annual Reports
Item Description The company
Net sales Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Apple Inc.'s net sales increased from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.
Operating income The net result for the period of deducting operating expenses from operating revenues. Apple Inc.'s operating income increased from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.
Income before provision for income taxes Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Apple Inc.'s income before provision for income taxes increased from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.
Net income The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Apple Inc.'s net income increased from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.

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