INCOME STATEMENT APPLE INC.

2007 2008 2009

Revenues ### 37,491.00 42,905.00
TOTAL REVENUES ### 37,491.00 42,905.00
Cost of Goods Sold ### 24,294.00 25,683.00
GROSS PROFIT 8,152.00 13,197.00 17,222.00
Selling General & Admin Expenses, Total 2,963.00 3,761.00 4,149.00
R&D Expenses 782 1,109.00 1,333.00
OTHER OPERATING EXPENSES, TOTAL 3,745.00 4,870.00 5,482.00
OPERATING INCOME 4,407.00 8,327.00 11,740.00
Interest and Investment Income 647 653 407
NET INTEREST EXPENSE 647 653 407
Currency Exchange Gains (Loss) -- -- -94
Other Non-Operating Income (Expenses) -48 -33 13
EBT, EXCLUDING UNUSUAL ITEMS 5,006.00 8,947.00 12,066.00
EBT, INCLUDING UNUSUAL ITEMS 5,006.00 8,947.00 12,066.00
Income Tax Expense 1,511.00 2,828.00 3,831.00
Earnings from Continuing Operations 3,495.00 6,119.00 8,235.00
NET INCOME 3,495.00 6,119.00 8,235.00
NET INCOME TO COMMON INCLUDING EXTRA ITEMS 3,495.00 6,119.00 8,235.00
NET INCOME TO COMMON EXCLUDING EXTRA ITEMS 3,495.00 6,119.00 8,235.00

http://investing.businessweek.com/businessweek/research/stocks/financials/financials.asp?ticker=AAPL:US&datas
 2010
###
65,225.00
39,541.00
25,684.00
5,517.00
1,782.00
7,299.00
18,385.00
311
311
-174
18
18,540.00
18,540.00
4,527.00
14,013.00
14,013.00
14,013.00
14,013.00

asp?ticker=AAPL:US&dataset=balanceSheet&period=A&currency=native
BLANCE SHEET APPLE INC.

2007 2008 2009 2010

Assets
Cash and Equivalents 9,352.00 11,875.00 5,263.00 11,261.00
Short-Term Investments 6,034.00 10,236.00 18,201.00 14,359.00

TOTAL CASH AND SHORT TERM

INVESTMENTS ### 22,111.00 23,464.00 25,620.00
Accounts Receivable 1,637.00 2,422.00 3,361.00 5,510.00
Other Receivables 2,392.00 2,282.00 1,696.00 4,414.00
TOTAL RECEIVABLES 4,029.00 4,704.00 5,057.00 9,924.00
Inventory 346 509 455 1,051.00

Deferred Tax Assets, Current 782 1,044.00 1,135.00 1,636.00

Other Current Assets 1,413.00 1,638.00 1,444.00 3,447.00

TOTAL CURRENT ASSETS ### 30,006.00 31,555.00 41,678.00

Gross Property Plant and Equipment 2,841.00 3,747.00 4,667.00 7,234.00

Accumulated Depreciation -1,009.00 -1,292.00 -1,713.00 -2,466.00

NET PROPERTY PLANT AND EQUIPMENT 1,832.00 2,455.00 2,954.00 4,768.00

Goodwill 38 207 206 741
Long-Term Investments -- 2,379.00 10,528.00 25,391.00

Deferred Tax Assets, Long Term 88 104 -- --

Deferred Charges, Long Term 214 -- -- --

Other Intangibles 382 352 247 342
Other Long-Term Assets 837 668 2,011.00 2,263.00
TOTAL ASSETS ### 36,171.00 47,501.00 75,183.00

LIABILITIES & EQUITY

Accounts Payable 4,970.00 5,520.00 5,601.00 12,015.00
Accrued Expenses 772 649 716 832

Current Income Taxes Payable 488 506 430 210

Other Current Liabilities, Total 1,114.00 2,388.00 2,481.00 4,018.00

Unearned Revenue, Current 1,936.00 2,298.00 2,278.00 3,647.00

TOTAL CURRENT LIABILITIES 9,280.00 11,361.00 11,506.00 20,722.00

Unearned Revenue, Non-Current 849 768 853 1,139.00

Deferred Tax Liability Non-Current 619 999 2,216.00 4,300.00

Other Non-Current Liabilities 67 746 1,286.00 1,231.00

TOTAL LIABILITIES ### 13,874.00 15,861.00 27,392.00
Common Stock 5,368.00 7,177.00 8,210.00 10,668.00
Retained Earnings 9,101.00 15,129.00 23,353.00 37,169.00

Comprehensive Income and Other 63 -9 77 -46

TOTAL COMMON EQUITY ### 22,297.00 31,640.00 47,791.00
TOTAL EQUITY ### 22,297.00 31,640.00 47,791.00

TOTAL LIABILITIES AND EQUITY ### 36,171.00 47,501.00 75,183.00

 2007 2008 2009 2010

1 Short-term Solvency

Current Ratio 2.37 2.64 2.74 2.01

Quick Ratio 2.33 2.60 2.70 1.96

cash Ratio 1.66 1.95 2.04 1.24

2 Long-term Solvercy financial Leverage Ratios

Total Debt Ratio 0.43 0.38 0.33 0.36

Debt-Equity Ratio

Equity Multiplier 1.74 1.62 1.50 1.57

Times intrest earned ratio 6.81 12.75 28.85 59.12

Cash Coverage ratio 5.25 10.77 24.64 51.19

3 Asset utilization ratio

Inventory Turnover 47.47 47.73 56.45 37.62

Day's Sales in inventory 7.69 7.65 6.47 9.70

Receivables Turnover 15.01 15.48 12.77 11.84

Day's Sales in receivables 24.31 23.58 28.59 30.83

Total assets turnover 0.97 1.04 0.90 0.87

Capital intensity 1.03 0.96 1.11 1.15

4 Profitability ratios

Profit margin 0.14 0.16 0.19 0.21

Return on assets (ROA) 0.14 0.17 0.17 0.19

 Return on Equity (ROE) 0.24 0.27 0.26 0.29

ROE 0.24 0.27 0.26 0.29

5 Market Value

price-earning ratio

Market-to-book ratio