Apple (AAPL) FY2023 results: revenue $383.3 billion, down 2.8% on the year
Apple Inc. (AAPL) reported revenue of $383.3 billion for fiscal 2023, the year ended 30 September 2023, down 2.8% on the year before. Net income was $97.0 billion, down 2.8%, and diluted earnings per share $6.13. The figures are the company's own, from the 10-K it filed with the SEC on 3 November 2023.
Revenue
$383.3 billion
-2.8% on the year
FY2016FY2023
Operating margin
29.8%
30.3% a year earlier
FY2016FY2023
Net income
$97.0 billion
-2.8% on the year
FY2016FY2023
Diluted EPS
$6.13
+0.3% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
110,543
122,151
104,038
-9.5%
Capital expenditure
10,959
10,708
11,085
+2.3%
Free cash flow
99,584
111,443
92,953
-10.6%
Free cash flow margin
26.0%
28.3%
25.4%
Cash from investing
3,705
-22,354
-14,545
Cash from financing
-108,488
-110,749
-93,353
Depreciation and amortisation
11,519
11,104
11,284
+3.7%
Share-based compensation
10,833
9,038
7,906
+19.9%
Buybacks
77,550
89,402
85,971
-13.3%
Dividends paid
15,025
14,841
14,467
+1.2%
Dividend per share
$0.94
$0.90
$0.85
+4.4%
Diluted shares, weighted
15,813m
16,326m
16,865m
-3.1%
Shares outstanding at period end
15,550m
15,943m
16,427m
-2.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
62,146
50,672
63,090
+22.6%
Debt
111,088
120,069
124,719
-7.5%
Operating lease liabilities
10,408
9,936
9,506
+4.8%
Finance lease liabilities
859
812
769
+5.8%
Other liabilities
168,082
171,266
152,918
-1.9%
Total liabilities and equity
352,583
352,755
351,002
-0.0%
Fixed assets
43,715
42,117
39,440
+3.8%
Investments
132,134
145,463
155,576
-9.2%
Cash and equivalents
29,965
23,646
34,940
+26.7%
Receivables
29,508
28,184
26,278
+4.7%
Inventory
6,331
4,946
6,580
+28.0%
Other assets
110,930
108,399
88,188
+2.3%
Total assets
352,583
352,755
351,002
-0.0%
10-K for the year ended 30 September 2023, filed 3 November 2023: the filing.