Stock Analysis on Net

Apple Inc. (NASDAQ:AAPL)

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

Microsoft Excel
12 months ended: Sep 24, 2022 Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017
Net income 99,803 94,680 57,411 55,256 59,531 48,351
Depreciation and amortization 11,104 11,284 11,056 12,547 10,903 10,157
Share-based compensation expense 9,038 7,906 6,829 6,068 5,340 4,840
Deferred income tax expense (benefit) 895 (4,774) (215) (340) (32,590) 5,966
Other 111 (147) (97) (652) (444) (166)
Accounts receivable, net (1,823) (10,125) 6,917 245 (5,322) (2,093)
Inventories 1,484 (2,642) (127) (289) 828 (2,723)
Vendor non-trade receivables (7,520) (3,903) 1,553 2,931 (8,010) (4,254)
Other current and non-current assets (6,499) (8,042) (9,588) 873 (423) (5,318)
Accounts payable 9,448 12,326 (4,062) (1,923) 9,175 9,618
Deferred revenue 478 1,676 2,081 (625) (44) (626)
Other current and non-current liabilities 5,632 5,799 8,916 (4,700) 38,490 (154)
Changes in operating assets and liabilities 1,200 (4,911) 5,690 (3,488) 34,694 (5,550)
Adjustments to reconcile net income to cash generated by operating activities 22,348 9,358 23,263 14,135 17,903 15,247
Cash generated by operating activities 122,151 104,038 80,674 69,391 77,434 63,598
Purchases of marketable securities (76,923) (109,558) (114,938) (39,630) (71,356) (159,486)
Proceeds from maturities of marketable securities 29,917 59,023 69,918 40,102 55,881 31,775
Proceeds from sales of marketable securities 37,446 47,460 50,473 56,988 47,838 94,564
Payments for acquisition of property, plant and equipment (10,708) (11,085) (7,309) (10,495) (13,313) (12,451)
Payments made in connection with business acquisitions, net (306) (33) (1,524) (624) (721) (329)
Other (1,780) (352) (909) (445) (2,263) (519)
Cash (used in) generated by investing activities (22,354) (14,545) (4,289) 45,896 16,066 (46,446)
Payments for taxes related to net share settlement of equity awards (6,223) (6,556) (3,634) (2,817) (2,527) (1,874)
Payments for dividends and dividend equivalents (14,841) (14,467) (14,081) (14,119) (13,712) (12,769)
Repurchases of common stock (89,402) (85,971) (72,358) (66,897) (72,738) (32,900)
Proceeds from issuance of term debt, net 5,465 20,393 16,091 6,963 6,969 28,662
Repayments of term debt (9,543) (8,750) (12,629) (8,805) (6,500) (3,500)
Proceeds from (repayments of) commercial paper, net 3,955 1,022 (963) (5,977) (37) 3,852
Other (160) 976 754 676 669 1,182
Cash used in financing activities (110,749) (93,353) (86,820) (90,976) (87,876) (17,347)
Increase (decrease) in cash, cash equivalents and restricted cash (10,952) (3,860) (10,435) 24,311 5,624 (195)
Cash, cash equivalents and restricted cash, beginning balances 35,929 39,789 50,224 25,913 20,289 20,484
Cash, cash equivalents and restricted cash, ending balances 24,977 35,929 39,789 50,224 25,913 20,289

Based on: 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), 10-K (reporting date: 2017-09-30).

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 2020 to 2021 and from 2021 to 2022.
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 2020 to 2021 and from 2021 to 2022.
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 2020 to 2021 and from 2021 to 2022.