Apple (AAPL) FY2022 results: revenue $394.3 billion, up 7.8% on the year
Apple Inc. (AAPL) reported revenue of $394.3 billion for fiscal 2022, the year ended 24 September 2022, up 7.8% on the year before. Net income was $99.8 billion, up 5.4%, and diluted earnings per share $6.11. The figures are the company's own, from the 10-K it filed with the SEC on 28 October 2022.
Revenue
$394.3 billion
+7.8% on the year
FY2015FY2022
Operating margin
30.3%
29.8% a year earlier
FY2015FY2022
Net income
$99.8 billion
+5.4% on the year
FY2015FY2022
Diluted EPS
$6.11
+8.9% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
122,151
104,038
80,674
+17.4%
Capital expenditure
10,708
11,085
7,309
-3.4%
Free cash flow
111,443
92,953
73,365
+19.9%
Free cash flow margin
28.3%
25.4%
26.7%
Cash from investing
-22,354
-14,545
-4,289
Cash from financing
-110,749
-93,353
-86,820
Depreciation and amortisation
11,104
11,284
11,056
-1.6%
Share-based compensation
9,038
7,906
6,829
+14.3%
Buybacks
89,402
85,971
72,358
+4.0%
Dividends paid
14,841
14,467
14,081
+2.6%
Dividend per share
$0.90
$0.85
$0.80
+5.9%
Diluted shares, weighted
16,326m
16,865m
17,528m
-3.2%
Shares outstanding at period end
15,943m
16,427m
16,977m
-2.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
50,672
63,090
65,339
-19.7%
Debt
120,069
124,719
112,436
-3.7%
Operating lease liabilities
9,936
9,506
7,745
+4.5%
Finance lease liabilities
812
769
637
+5.6%
Other liabilities
171,266
152,918
137,731
+12.0%
Total liabilities and equity
352,755
351,002
323,888
+0.5%
Fixed assets
42,117
39,440
36,766
+6.8%
Investments
145,463
155,576
153,814
-6.5%
Cash and equivalents
23,646
34,940
38,016
-32.3%
Receivables
28,184
26,278
16,120
+7.3%
Inventory
4,946
6,580
4,061
-24.8%
Other assets
108,399
88,188
75,111
+22.9%
Total assets
352,755
351,002
323,888
+0.5%
10-K for the year ended 24 September 2022, filed 28 October 2022: the filing.