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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||Jun 30, 2018||Mar 31, 2018||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|
|Cost of sales|
|Research and development|
|Selling, general and administrative|
|Other income (expense), net|
|Income before provision for income taxes|
|Provision for income taxes|
|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 declined from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.|
|Operating income||The net result for the period of deducting operating expenses from operating revenues.||Apple Inc.'s operating income declined from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 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 declined from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 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 declined from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.|