Cash Flow Statement

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

US$ in millions

12 months ended:	Sep 30, 2023	Sep 24, 2022	Sep 25, 2021	Sep 26, 2020	Sep 28, 2019	Sep 29, 2018
Net income	96,995)	99,803)	94,680)	57,411)	55,256)	59,531)
Depreciation and amortization	11,519)	11,104)	11,284)	11,056)	12,547)	10,903)
Share-based compensation expense	10,833)	9,038)	7,906)	6,829)	6,068)	5,340)
Other	(2,227)	1,006)	(4,921)	(312)	(992)	(33,034)
Accounts receivable, net	(1,688)	(1,823)	(10,125)	6,917)	245)	(5,322)
Vendor non-trade receivables	1,271)	(7,520)	(3,903)	1,553)	2,931)	(8,010)
Inventories	(1,618)	1,484)	(2,642)	(127)	(289)	828)
Other current and non-current assets	(5,684)	(6,499)	(8,042)	(9,588)	873)	(423)
Accounts payable	(1,889)	9,448)	12,326)	(4,062)	(1,923)	9,175)
Other current and non-current liabilities	3,031)	6,110)	7,475)	10,997)	(5,325)	38,446)
Changes in operating assets and liabilities	(6,577)	1,200)	(4,911)	5,690)	(3,488)	34,694)
Adjustments to reconcile net income to cash generated by operating activities	13,548)	22,348)	9,358)	23,263)	14,135)	17,903)
Cash generated by operating activities	110,543)	122,151)	104,038)	80,674)	69,391)	77,434)
Purchases of marketable securities	(29,513)	(76,923)	(109,558)	(114,938)	(39,630)	(71,356)
Proceeds from maturities of marketable securities	39,686)	29,917)	59,023)	69,918)	40,102)	55,881)
Proceeds from sales of marketable securities	5,828)	37,446)	47,460)	50,473)	56,988)	47,838)
Payments for acquisition of property, plant and equipment	(10,959)	(10,708)	(11,085)	(7,309)	(10,495)	(13,313)
Other	(1,337)	(2,086)	(385)	(2,433)	(1,069)	(2,984)
Cash (used in) generated by investing activities	3,705)	(22,354)	(14,545)	(4,289)	45,896)	16,066)
Payments for taxes related to net share settlement of equity awards	(5,431)	(6,223)	(6,556)	(3,634)	(2,817)	(2,527)
Payments for dividends and dividend equivalents	(15,025)	(14,841)	(14,467)	(14,081)	(14,119)	(13,712)
Repurchases of common stock	(77,550)	(89,402)	(85,971)	(72,358)	(66,897)	(72,738)
Proceeds from issuance of term debt, net	5,228)	5,465)	20,393)	16,091)	6,963)	6,969)
Repayments of term debt	(11,151)	(9,543)	(8,750)	(12,629)	(8,805)	(6,500)
Proceeds from (repayments of) commercial paper, net	(3,978)	3,955)	1,022)	(963)	(5,977)	(37)
Other	(581)	(160)	976)	754)	676)	669)
Cash used in financing activities	(108,488)	(110,749)	(93,353)	(86,820)	(90,976)	(87,876)
Increase (decrease) in cash, cash equivalents and restricted cash	5,760)	(10,952)	(3,860)	(10,435)	24,311)	5,624)
Cash, cash equivalents and restricted cash, beginning balances	25,977)	35,929)	39,789)	50,224)	25,913)	20,289)
Cash, cash equivalents and restricted cash, ending balances	31,737)	24,977)	35,929)	39,789)	50,224)	25,913)

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).

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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 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
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 decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
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 2021 to 2022 but then slightly increased from 2022 to 2023.

Apple Inc. (NASDAQ:AAPL)

Cash Flow Statement