Stock Analysis on Net

Apple Inc. (NASDAQ:AAPL)

Cash Flow Statement
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Sep 24, 2022 Jun 25, 2022 Mar 26, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017
Net income 33,916 22,956 19,881 24,160 29,998 20,721 19,442 25,010 34,630 20,551 21,744 23,630 28,755 12,673 11,253 11,249 22,236 13,686 10,044 11,561 19,965 14,125 11,519 13,822 20,065
Depreciation and amortization 2,848 2,653 3,052 2,898 2,916 2,865 2,805 2,737 2,697 2,989 2,832 2,797 2,666 2,702 2,752 2,786 2,816 3,179 2,933 3,040 3,395 2,754 2,665 2,739 2,745
Share-based compensation expense 2,997 2,625 2,617 2,686 2,905 2,278 2,243 2,252 2,265 1,945 1,960 1,981 2,020 1,724 1,698 1,697 1,710 1,499 1,496 1,514 1,559 1,345 1,351 1,348 1,296
Other (989) (576) 81 (1,415) (317) (1,689) 1,627 219 849 (3,495) (745) (648) (33) (400) 998 (419) (491) (614) (39) (338) (1) 485 867 (638) (33,748)
Accounts receivable, net 6,555 (9,297) (1,987) 5,321 4,275 (6,384) (981) 9,476 (3,934) (8,809) 1,031 8,598 (10,945) 1,768 (2,135) 5,269 2,015 (8,768) 919 2,964 5,130 (9,078) 233 9,093 (5,570)
Vendor non-trade receivables 4,569 (11,840) (1,674) 12,465 2,320 (12,309) 4,146 10,455 (9,812) (8,795) (1,900) 16,986 (10,194) (7,132) 762 4,021 3,902 (10,552) (1,133) 7,711 6,905 (13,546) (4,179) 19,375 (9,660)
Inventories (137) 952 (22) (741) (1,807) 435 (16) 384 681 (1,429) 13 (276) (950) (137) (689) 727 (28) (785) 1,502 70 (1,076) 1,942 1,693 (3,241) 434
Other current and non-current assets (1,457) (821) (771) 7 (4,099) (3,210) 253 1,379 (4,921) (2,143) (1,566) (807) (3,526) (2,828) 2,106 (1,812) (7,054) 180 1,410 169 (886) (358) 988 (856) (197)
Accounts payable (4,542) 14,901 3,974 (14,689) (6,075) 15,556 (4,358) (21,563) 19,813 14,112 211 (23,667) 21,670 6,725 2,733 (12,431) (1,089) 17,881 220 (11,523) (8,501) 20,314 2,081 (27,808) 14,588
Other current and non-current liabilities (3,865) 45 1,229 (2,132) 3,889 5,864 (2,269) (2,183) 4,698 5,274 (2,486) (4,613) 9,300 5,481 (3,207) 2,224 6,499 4,204 (5,716) (4,013) 200 1,540 (2,730) 1,296 38,340
Changes in operating assets and liabilities 1,123 (6,060) 749 231 (1,497) (48) (3,225) (2,052) 6,525 (1,790) (4,697) (3,779) 5,355 3,877 (430) (2,002) 4,245 2,160 (2,798) (4,622) 1,772 814 (1,914) (2,141) 37,935
Adjustments to reconcile net income to cash generated by operating activities 5,979 (1,358) 6,499 4,400 4,007 3,406 3,450 3,156 12,336 (351) (650) 351 10,008 7,903 5,018 2,062 8,280 6,224 1,592 (406) 6,725 5,398 2,969 1,308 8,228
Cash generated by operating activities 39,895 21,598 26,380 28,560 34,005 24,127 22,892 28,166 46,966 20,200 21,094 23,981 38,763 20,576 16,271 13,311 30,516 19,910 11,636 11,155 26,690 19,523 14,488 15,130 28,293
Purchases of marketable securities (9,780) (8,557) (9,759) (6,044) (5,153) (6,745) (8,191) (27,074) (34,913) (15,506) (19,628) (34,624) (39,800) (18,332) (30,117) (29,073) (37,416) (17,728) (8,048) (6,777) (7,077) (15,223) (7,684) (7,177) (41,272)
Proceeds from maturities of marketable securities 13,046 11,829 10,733 9,997 7,127 5,714 6,203 6,691 11,309 9,143 10,275 14,428 25,177 15,053 15,127 19,998 19,740 13,319 9,903 9,677 7,203 9,591 14,406 17,836 14,048
Proceeds from sales of marketable securities 1,337 1,869 2,062 1,388 509 3,837 8,941 13,993 10,675 10,715 15,100 12,301 9,344 10,713 11,998 20,482 7,280 7,472 26,881 12,912 9,723 6,224 2,672 22,141 16,801
Payments for acquisition of property, plant and equipment (2,392) (2,163) (2,093) (2,916) (3,787) (3,289) (2,102) (2,514) (2,803) (3,223) (2,093) (2,269) (3,500) (1,784) (1,565) (1,853) (2,107) (2,777) (2,000) (2,363) (3,355) (3,041) (3,267) (4,195) (2,810)
Other (284) (584) (506) (106) (141) (734) (617) (361) (374) (294) (82) (204) 195 (119) (608) (541) (1,165) (1,084) 766 (101) (650) (552) (2,180) 105 (357)
Cash (used in) generated by investing activities 1,927 2,394 437 2,319 (1,445) (1,217) 4,234 (9,265) (16,106) 835 3,572 (10,368) (8,584) 5,531 (5,165) 9,013 (13,668) (798) 27,502 13,348 5,844 (3,001) 3,947 28,710 (13,590)
Payments for taxes related to net share settlement of equity awards (2,591) (312) (2,385) (418) (2,316) (308) (2,697) (330) (2,888) (701) (2,695) (299) (2,861) (400) (1,668) (187) (1,379) (191) (1,199) (109) (1,318) (260) (1,077) (152) (1,038)
Payments for dividends and dividend equivalents (3,825) (3,758) (3,849) (3,650) (3,768) (3,703) (3,811) (3,595) (3,732) (3,640) (3,767) (3,447) (3,613) (3,511) (3,656) (3,375) (3,539) (3,479) (3,629) (3,443) (3,568) (3,530) (3,653) (3,190) (3,339)
Repurchases of common stock (20,139) (21,003) (17,478) (19,594) (19,475) (24,428) (21,865) (22,631) (20,478) (19,748) (22,900) (18,548) (24,775) (17,187) (15,891) (18,574) (20,706) (17,444) (16,955) (23,702) (8,796) (19,104) (20,783) (22,756) (10,095)
Proceeds from issuance of term debt, net 5,228 5,465 6,470 13,923 5,456 8,425 2,210 6,963 6,969
Repayments of term debt (7,500) (2,250) (1,401) (2,793) (3,000) (3,750) (1,250) (3,000) (3,500) (1,000) (7,379) (4,250) (1,000) (3,305) (3,000) (2,500) (6,000) (500)
Proceeds from (repayments of) commercial paper, net (3,984) 1,993 1,989 254 (8,214) (1,015) 3,971 1,999 (1,000) (2,000) 3,000 22 (994) (1,487) 2,497 (979) (3,951) (1,990) (42) 6 (27) (11) (1) 2
Proceeds from repurchase agreement (5,165) 2,609 2,556
Other (46) (73) (53) (66) (389) (12) (43) (44) (61) 487 (34) 545 (22) 444 (69) 393 (14) 368 (31) 339 341 1 327
Cash used in financing activities (30,585) (23,153) (24,048) (25,724) (35,563) (26,794) (27,445) (28,351) (28,159) (20,382) (29,396) (11,326) (32,249) (21,357) (19,116) (20,940) (25,407) (21,039) (26,804) (29,457) (13,676) (22,580) (31,523) (26,272) (7,501)
Increase (decrease) in cash, cash equivalents and restricted cash 11,237 839 2,769 5,155 (3,003) (3,884) (319) (9,450) 2,701 653 (4,730) 2,287 (2,070) 4,750 (8,010) 1,384 (8,559) (1,927) 12,334 (4,954) 18,858 (6,058) (13,088) 17,568 7,202

Based on: 10-Q (reporting date: 2023-12-30), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-24), 10-Q (reporting date: 2022-06-25), 10-Q (reporting date: 2022-03-26), 10-Q (reporting date: 2021-12-25), 10-K (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-Q (reporting date: 2020-12-26), 10-K (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-K (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-K (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-30).

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 decreased from Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 exceeding Q3 2023 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 increased from Q3 2023 to Q4 2023 but then slightly decreased from Q4 2023 to Q1 2024.
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 increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.