Apple (AAPL) FY2021 results: revenue $365.8 billion, up 33.3% on the year
Apple Inc. (AAPL) reported revenue of $365.8 billion for fiscal 2021, the year ended 25 September 2021, up 33.3% on the year before. Net income was $94.7 billion, up 64.9%, and diluted earnings per share $5.61. The figures are the company's own, from the 10-K it filed with the SEC on 29 October 2021.
Revenue
$365.8 billion
+33.3% on the year
FY2014FY2021
Operating margin
29.8%
24.1% a year earlier
FY2014FY2021
Net income
$94.7 billion
+64.9% on the year
FY2014FY2021
Diluted EPS
$5.61
+71.0% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
104,038
80,674
69,391
+29.0%
Capital expenditure
11,085
7,309
10,495
+51.7%
Free cash flow
92,953
73,365
58,896
+26.7%
Free cash flow margin
25.4%
26.7%
22.6%
Cash from investing
-14,545
-4,289
45,896
Cash from financing
-93,353
-86,820
-90,976
Depreciation and amortisation
11,284
11,056
12,547
+2.1%
Share-based compensation
7,906
6,829
6,068
+15.8%
Buybacks
85,971
72,358
66,897
+18.8%
Dividends paid
14,467
14,081
14,119
+2.7%
Dividend per share
$0.85
$0.80
$0.75
+6.9%
Diluted shares, weighted
16,865m
17,528m
18,596m
-3.8%
Shares outstanding at period end
16,427m
16,977m
17,773m
-3.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
63,090
65,339
90,488
-3.4%
Debt
124,719
112,436
102,067
+10.9%
Operating lease liabilities
9,506
7,745
n/a
+22.7%
Finance lease liabilities
769
637
n/a
+20.7%
Other liabilities
152,918
137,731
145,961
+11.0%
Total liabilities and equity
351,002
323,888
338,516
+8.4%
Fixed assets
39,440
36,766
37,378
+7.3%
Investments
155,576
153,814
157,054
+1.1%
Cash and equivalents
34,940
38,016
48,844
-8.1%
Receivables
26,278
16,120
22,926
+63.0%
Inventory
6,580
4,061
4,106
+62.0%
Other assets
88,188
75,111
68,208
+17.4%
Total assets
351,002
323,888
338,516
+8.4%
10-K for the year ended 25 September 2021, filed 29 October 2021: the filing.