Apple (AAPL) FY2015 results: revenue $233.7 billion, up 27.9% on the year
Apple Inc. (AAPL) reported revenue of $233.7 billion for fiscal 2015, the year ended 26 September 2015, up 27.9% on the year before. Net income was $53.4 billion, up 35.1%, and diluted earnings per share $2.31. The figures are the company's own, from the 10-K it filed with the SEC on 28 October 2015.
Revenue
$233.7 billion
+27.9% on the year
FY2008FY2015
Operating margin
30.5%
28.7% a year earlier
FY2008FY2015
Net income
$53.4 billion
+35.1% on the year
FY2008FY2015
Diluted EPS
$2.31
+42.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
233,715
182,795
170,910
+27.9%
Cost of revenue
140,089
112,258
106,606
+24.8%
Gross profit
93,626
70,537
64,304
+32.7%
Gross margin
40.1%
38.6%
37.6%
Research and development
8,067
6,041
4,475
+33.5%
Selling, general and administrative
14,329
11,993
10,830
+19.5%
Operating income
71,230
52,503
48,999
+35.7%
Operating margin
30.5%
28.7%
28.7%
Interest expense
733
384
136
+90.9%
Pre-tax income
72,515
53,483
50,155
+35.6%
Income tax
19,121
13,973
13,118
+36.8%
Effective tax rate
26.4%
26.1%
26.2%
Net income
53,394
39,510
37,037
+35.1%
Net margin
22.8%
21.6%
21.7%
Diluted EPS
$2.31
$1.61
$1.42
+42.9%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
81,266
59,713
53,666
+36.1%
Capital expenditure
11,247
9,571
8,165
+17.5%
Free cash flow
70,019
50,142
45,501
+39.6%
Free cash flow margin
30.0%
27.4%
26.6%
Cash from investing
-56,274
n/a
-33,774
Cash from financing
-17,716
n/a
-16,379
Depreciation and amortisation
9,200
6,900
5,800
+33.3%
Share-based compensation
3,586
2,863
2,253
+25.3%
Buybacks
35,253
45,000
22,860
-21.7%
Dividends paid
11,561
11,031
10,528
+4.8%
Dividend per share
$0.49
$0.46
$0.41
+8.8%
Diluted shares, weighted
23,172m
24,491m
26,087m
-5.4%
Shares outstanding at period end
22,315m
23,465m
25,178m
-4.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
119,355
111,547
123,549
+7.0%
Debt
64,328
35,295
16,960
+82.3%
Other liabilities
106,796
84,997
66,491
+25.6%
Total liabilities and equity
290,479
231,839
207,000
+25.3%
Fixed assets
22,471
20,624
16,597
+9.0%
Goodwill
5,116
4,616
1,577
+10.8%
Intangible assets
3,893
4,142
4,179
-6.0%
Investments
184,546
141,395
132,502
+30.5%
Cash and equivalents
21,120
13,844
14,259
+52.6%
Receivables
16,849
17,460
13,102
-3.5%
Inventory
2,349
2,111
1,764
+11.3%
Other assets
34,135
27,647
23,020
+23.5%
Total assets
290,479
231,839
207,000
+25.3%
10-K for the year ended 26 September 2015, filed 28 October 2015: the filing.