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.
Paying user area
Try for free
Apple Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
- Analysis of Debt
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Apple Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Apple Inc., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-06-27), 10-Q (reporting date: 2026-03-28), 10-Q (reporting date: 2025-12-27), 10-K (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-K (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 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).
The analysis of the cash flow performance exhibits a pattern of robust operating cash generation and an aggressive capital return strategy, characterized by significant share repurchases and consistent dividend payments.
- Operating Activities
- Net income demonstrates a recurring seasonal peak in the December quarter of each fiscal year, reflecting higher year-end sales. A long-term upward trajectory is observed, with the December 2025 quarter reaching a peak of 42,097 million US$. Cash generated by operating activities consistently exceeds net income, bolstered by steady depreciation and amortization expenses and a rising trend in share-based compensation, which grew from approximately 1,700 million US$ in 2019 to over 3,400 million US$ by mid-2026. Working capital fluctuations are significant, particularly within accounts receivable and accounts payable, which introduce short-term volatility to the quarterly cash flow from operations.
- Investing Activities
- Investment behavior is dominated by the active management of a large marketable securities portfolio. Large-scale purchases of securities are frequently offset by maturities and sales, resulting in highly variable net cash flows from investing activities. Capital expenditures for property, plant, and equipment remain relatively stable, typically ranging between 2,000 million US$ and 3,500 million US$ per quarter, indicating a disciplined approach to infrastructure and equipment investment relative to the overall scale of operations.
- Financing Activities
- Financing activities are consistently negative, driven by a primary objective of returning capital to shareholders. Repurchases of common stock represent the most significant cash outflow, frequently exceeding 20,000 million US$ per quarter, although a notable dip to 12,288 million US$ occurred in March 2026. Dividend payments exhibit remarkable stability, remaining within a tight range of 3,300 million US$ to 4,000 million US$ per quarter. Debt management is characterized by periodic issuances of term debt to optimize the capital structure, balanced by consistent repayments of term debt and commercial paper.
- Overall Liquidity and Cash Position
- The net change in cash fluctuates quarterly due to the timing of security maturities and large-scale share buybacks. However, the substantial cash generated from operations provides ample coverage for both capital expenditures and the aggressive financing outflows. The organization maintains a high degree of liquidity, allowing for continued investment in growth and shareholder returns without compromising operational stability.