Apple (AAPL) FY2012 results: revenue $156.5 billion, up 44.6% on the year
Apple Inc. (AAPL) reported revenue of $156.5 billion for fiscal 2012, the year ended 29 September 2012, up 44.6% on the year before. Net income was $41.7 billion, up 61.0%, and diluted earnings per share $1.58. The figures are the company's own, from the 10-K it filed with the SEC on 31 October 2012.
Revenue
$156.5 billion
+44.6% on the year
FY2007FY2012
Operating margin
35.3%
31.2% a year earlier
FY2007FY2012
Net income
$41.7 billion
+61.0% on the year
FY2007FY2012
Diluted EPS
$1.58
+59.5% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
156,508
108,249
65,225
+44.6%
Cost of revenue
87,846
64,431
39,541
+36.3%
Gross profit
68,662
43,818
25,684
+56.7%
Gross margin
43.9%
40.5%
39.4%
Research and development
3,381
2,429
1,782
+39.2%
Selling, general and administrative
10,040
7,599
5,517
+32.1%
Operating income
55,241
33,790
18,385
+63.5%
Operating margin
35.3%
31.2%
28.2%
Interest expense
0.0
0.0
n/a
Pre-tax income
55,763
34,205
18,540
+63.0%
Income tax
14,030
8,283
4,527
+69.4%
Effective tax rate
25.2%
24.2%
24.4%
Net income
41,733
25,922
14,013
+61.0%
Net margin
26.7%
23.9%
21.5%
Diluted EPS
$1.58
$0.99
$0.54
+59.5%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
50,856
37,529
18,595
+35.5%
Capital expenditure
8,295
4,260
2,005
+94.7%
Free cash flow
42,561
33,269
16,590
+27.9%
Free cash flow margin
27.2%
30.7%
25.4%
Cash from investing
-48,227
-40,419
-13,854
Cash from financing
-1,698
1,444
1,257
Depreciation and amortisation
2,600
1,600
815
+62.5%
Share-based compensation
1,740
1,168
879
+49.0%
Buybacks
0.0
0.0
n/a
Dividend per share
$0.09
$0.00
$0.00
Diluted shares, weighted
26,470m
26,226m
25,892m
+0.9%
Shares outstanding at period end
26,298m
26,020m
25,647m
+1.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
118,210
76,615
47,791
+54.3%
Debt
0.0
0.0
0.0
Other liabilities
57,854
39,756
27,392
+45.5%
Total liabilities and equity
176,064
116,371
75,183
+51.3%
Fixed assets
15,452
7,777
n/a
+98.7%
Goodwill
1,135
896
741
+26.7%
Intangible assets
4,224
3,536
342
+19.5%
Investments
110,505
71,755
39,750
+54.0%
Cash and equivalents
10,746
9,815
11,261
+9.5%
Receivables
10,930
5,369
5,510
+103.6%
Inventory
791
776
1,051
+1.9%
Other assets
22,281
16,447
16,528
+35.5%
Total assets
176,064
116,371
75,183
+51.3%
10-K for the year ended 29 September 2012, filed 31 October 2012: the filing.