...//myComment The file has graphs and tables. Write me and I will send you .docx file Analysis of Apple Inc.'s financial statements for the period from 2013 to 2014 using finstanon.com This report analyzes the balance sheets and income statements of APPLE INC.. Trends for the major balance sheet and income statement items and ratio analysis are used to understand the financial position and financial effectiveness of the company. The report studied the 2013 - 2014 period. 1. The Common-Size Analysis of the Assets, Liabilities and Shareholders' Equity Table 1. Assets Trend Analysis, in million USD Indicators | 2013 | 2014 | Absolute change, +/- | Percentage change, % | Cash, cash equivalents | 14259 | 13844 | -415 | -2.91 | Marketable securities (short-term investments) | 26287 | 11233 | -15054 | -57.27 | Receivables, net, current | 20641 | 27219 | 6578 | 31.87 | Inventory, net | 1764 | 2111 | 347 | 19.67 | Other assets, current | 10335 | 14124 | 3789 | 36.66 | CURRENT ASSETS (TOTAL) | 73286 | 68531 | -4755 | -6.49 | Property, plant and equipment, net | 16597 | 20624 | 4027 | 24.26 | Long-term investments, net | 106215 | 130162 | 23947 | 22.55 | Goodwill | 1577 | 4616 | 3039 | 192.71 | Intangible assets, net (excluding goodwill) | 4179 | 4142 | -37 | -0.89 | Other assets, noncurrent | 5146 | 3764 | -1382 | -26.86 | NONCURRENT ASSETS (TOTAL) | 133714 | 163308 | 29594 | 22.13 ...
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...Apple Inc Financial Report Analysis FINC 330 Business finance instructor: Philip Bradley Prepared by: Table of Contents Page 1) Company Description……………………………………………….…...... 2 Company background………………………………………..….. 2 Industry analysis………………………………………………..... 2 Products and services…………………………………….…......2 Investment strategy…………………………………….……...…3 2) Market Analysis……………….………………………………................... 3 Direct competitors…………………......…………………………. 3 Financial performance comparison…………………......………3 Growth comparison…………………......…………………...…...4 Trailing total returns comparison…………………......…………4 Ratio comparison…………………......…………………………. .5 Detailed ration comparison…………………......……………5 3) Financial Performance Analysis………………………………………...... 6 Ratio analysis........................................................................... 6 Detailed analysis................................................................. 7 4) Recommendations ……………………………………………………..… ..8 5) Conclusions……………………………………………............................ ..9 6) Reference…………………………………………………………………...10 7) Appendix……………………………………………………………….....…11 Income statement....................................................................11 Balance sheet.......................................................................... 12 Cash flow........................................................................
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...GESTÃO FINANCEIRA 2012/2013 Joanna Słomowicz 5620 Marta Malinowska 5571 Maja Rudecka 5621 Paulina Daczko 5624 1. Apple Inc. is currently a well known growing company that has been reporting lately high levels of profitability at various levels of its corporate reality. Do you agree with this statement? Support your answer using financial management terminology and numerical inputs to build appropriate ratios of analysis, using the information available in the company’s financial statements for the five year period. ROE (Return on Equity Ratio): 2010: 29.32142 % 2009: 26.027181 % 2008: 27.4431538 % 2007: 24.050372 % 2006: 19.921875 % ROA (Return on Assets Ratio): 2010: 18.638522 % 2009: 17.336477 % 2008: 16.9168671 % 2007: 13.788614 % 2006: 11.560593 % Gross (Profit Margin Ratio): 2010: 25684 2009: 17222 2008: 13197 2007: 8152 2006: 5598 We agree with the statement. We have tree major Profitability Ratios: ROE, ROA and Gross Profit Margin ratio. As we can see ROE has grown since 2006-2010 systematically from 19.921875 to 29.32142. Follows from the definition of the Return on Equity Ratio, it shows how well a company uses investment funds to generate profit growth. ROEs over 15% is considered very good. Also ROA has risen significantly from 11.56% to 18.64%. ROA shows how profitable a company’s assets are in generating revenue. And the last one Gross Profit Margin Ratio tells us difference between revenue and cost before accounting for certain other costs. It directly tells...
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...Table of Contents Reporting of Financial Statements……………………………………… Assets and Liabilities…………………………………………………….. Income Statement………………………………………………………… Summary of Apple Inc……………………………………………………. An Analysis of the Financial Status of Apple Inc. “Apple's recent success in the marketplace is founded on a philosophy that derives its insights at the intersection of technology and consumer values” (Wingfield, 2007). A prestige young owned company with its very own creative viewpoint to the way things should be done was founded by Apple Inc. in 1976. Apple has created among the most amazing technology mankind has ever known. Their three major products: Mac computers, iPod music player, and the iPhone. Database software, operating systems, and developer tools are all additional offerings Apple Inc. provides to their customers. Apple is a global product which has produced approximately 40% of sales from international operations. Rather than licensing the mac operating system to PC makers, as Microsoft did, apple chose to be the sole producer of its mac hardware, in the 1980's. Financially, Apple has grown into a large organization with profit growth each year. This company has taken its’ toll on how technology should be produced. Their financial status in the year 2010 and moving forward shows their growth in income and sales as well as Apple’s performance overall. This report will discuss Apple Inc.’s financial statements, assets and liabilities towards the company...
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...Business Analysis Part II MGT521 November 14, 2011 James Bingel Business Analysis Part II Introduction This paper will provide a review of Motorola Mobility Inc.'s (MMI) financial statements to determine the financial health of the company. MMI's financial health will be compared to that of Nokia and Research in Motion (RIM), two companies within the large-cap range ($5 - $50B). A benchmarking analysis will also be performed, using Apple as the benchmark for it products, processes, and best practices. Financials Income Statement - A review of MMI's income statement reveals that it has been operating at a net loss for the last three quarters, from a net loss of eighty one million dollars for the quarter ending April 2, 2011, to a thirty two million dollar loss for the quarter ending in October 1, 2011. While it is operating at a loss, the amount of the loss has decreased the last three quarters, while revenues have been relatively flat, indicating that MMI is moving toward reducing their expenses, and may look to operate at a profit for the fourth quarter of 2011. Comparatively, Nokia has also been operating at a loss for the 2nd and 3rd quarters of 2011, and RIM has been averaging $722M in profit over the last five quarters. RIM however has had a decline in total revenue, from $5.4B for the period November 27, 2010 to $4.2B for the period August 27, 2011. Balance Sheet - MMI's balance sheet reveals the company has almost nine and a half billion dollars in total...
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...Business Analysis of Apple Inc. Apple Inc., founded in 1976 by Steve Jobs and Steve Wozniak were looking to create a new type of computer. Thirty years later not only have they become one of the leading computer companies, but have also become successful in many other technological areas. Apple has branched out in computers (iMac, Macbook, Macbook Air, iPad), music industry (iPod, iTunes), cellular phone (iPhone), and have become leaders in these areas as well. To make an informed decision of whether or not to invest in Apple Inc., a business analysis must be done to determine the financial health of the company. The United States has been enduring an economic downturn since December 2007, according to The National Bureau of Economic Research (Isidore, 2008). Despite the recent economic downturn, Apple Inc. has turned a substantial profit for the past five years and is consistently one of the top performing firms in the Fortune 500. A review of their financial statement shows the extent of their success through the country’s struggles. Apple Inc.’s balance sheet, which is provides detailed information about a company’s assets, liabilities, and shareholder’s equity (U.S. Securities and Exchange Commission, 2007). Apple Inc. has reported steady grains of their assest from the preverious years. They reported a gain of 150% in 2007, 16% in 2008, 1% in 2009 and 11% in 2010. Apple Inc.’s total current assets went from $14 billion in September 2006 to $41 billion in September...
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...Apple Inc. Apple Inc. formerly Apple Computer, Inc., is an American multinational corporation headquartered in Cupertino, California that creates and retails consumer electronics, computer software, and personal computers. Apple’s mission and vision summarizes its committed efforts in bringing the best user experience to its customers through its advanced hardware, software, peripherals, and services along with a unique ability to design and develop its own operating system, hardware, application, software, and services, in order to provide its customers new products and solutions with superior case-of-use, seamless integration, an innovative design (“Apple Inc. Form 10-K Annual Report”, 1, 2012). Company’s mission and vision statements against the performance of the organization Apple’s mission and vision statements and objectives are neither interchangeable nor autonomous. Without objectives, the mission and vision statements are impractical. Without the mission and vision statement the objectives have no relevance. Both statements are too broad to be measurable, and the objectives are too definite to provide the big picture. When properly coordinated they strike a balance that helps to shape the business operations and service strategy. Apple Inc.'s mission statement is as follows - Apple is committed to bringing the best personal computing experience to students, educators, creative professionals and consumers around the world through innovative hardware, software and...
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...Executive Summary This paper provides the historical background and financial data of two of the leading information technology (IT) corporations in the United States. Going beyond their humble beginnings to the present, an analysis is made of their current financial performance. This serves to compare and contrast the differing business strategies of the two financial juggernauts. The two companies are direct competitors in the IT market place. Developing cutting edge software that is futuristic and enticing is what Apple does best. Apple has the ability to offer a diverse product line that caters to a wide variety of consumers, especially tech savvy earlier adapters. Dell’s marketing approach is to create a product line that is affordable and easily used by the general computing public. Audit reports, ratios, cash flows and income statements are analyzed to gain a clearer picture of which marketing strategy is proving to be the more successful. Corporate Histories and Strategies: In 1976, high school friends Steven Jobs and Stephen Wozniak shared a common love and interest in electronics. In their early stages, Apple I & II were designed as a hobby. Apple I was actually created in Steven’s bedroom. “They would showcase the computers at the Homebrew Computer Club (of which they were members) as a demonstration (Apple Museum, 2011)”. The highlights were the video screens, and the fact that it used few chips...
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...Material Financial Statement Review What is the net income for the current fiscal year? Is it up or down from the prior year? Why would this information be important to investors? APPLE Inc. net income as September, 27 2014 is $39,510 millions( p26) which is up from the prior year ( $37,037 millions). This information is important for investors because It determines the efficiency and profitability of a company. The net income is usually used in Ratio analysis, where you can determine how efficient a company utilities its assets and equity. It should also be noted that operational income, net income before and net income after tax are used in the fundamental analysis of companies. Using these to determine different ratios enables the user or investor to determine how effective a company is internally. Factors like operational efficiency, meaning productivity per dollar spent on Labour and other operational costs, can be determined this way. It also helps determining financing efficiency, thus functioning at optimal interest rates and also Tax efficiency thus paying as little as possible tax. There are many factors looked at when determining if whether a company is a good investment or not, the net income is one of the most important as it determines the profitability and provides a good perspective on determining if whether a company is making money on an adequate scale. If an investment is not going to provide a higher return than interest from a zero risk financial asset...
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...Apple SWOT Analysis II MGT/521 Management October 31, 2011 Erick Espinosa Abstract Apple is a company that concerned of the environment and has been working for more than 20 years to minimize the impact their products have on the environment. Apple has developed and formulate an environmental policy in 1990 and since then, Apple has continue making their products more energy efficient, eliminating toxic substances. Apple is also the only organization that all the products they sell not only meets but exceeds the firm energy guidelines of the ENERGY STAR specification. In 2009 become the first company to report their total carbon footprint giving the opportunity to their clients to see Apple progress and efforts. Studying the financial statements of Apple investors and also costumers can determinate the health of the company, with the statements investors can decide if is a good investment risk by studying them in depth because the financial statements inform all of the business assets and liabilities and also include information about how much shareholders would receive as dividends from each share of stock. Companies calculate the earnings per share by dividing their net income by the total number of outstanding stock. Apple SWOT Analysis The environment of Apple is unique in this type of industry, because they focus on all the steps that their products pass through, Apple calculate their carbon footprint establishing the impact the company has in the planet...
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...Case Analysis – Strategic Management – Apple, Inc. Introduction The purpose of this paper is to explain the definition of Strategic Management and why it is critical to the success of an organization in meeting its goals and mission. The analysis will The paper will include a brief analysis of the situation and pending decision problem, as presented in the case and in relevance to the answer. In addition, the major issues will be surrounding the organization or individuals involved with the organization. Included will be alternate courses of action to address the issues identified. Next, will be the decision or recommendation for action, with the appropriate supporting arguments if any. Statement of the Problem(s): Thousands of people were laid off at Apple, Inc. It does not look like Apple, Inc. spent much time working on its management and marketing strategies from the beginning. It was not until better marketers such as Jobs and Sculley came into the picture, before the company started to expand to better markets with acquisitions and joint ventures. The problem was not changing their strategy sooner. The jobs are what contribute to a company’s effectiveness (Mello, 2011, p. 115) and if they kept their employees it might have contributed to earlier success. It is human capital that helps companies to strive. For Apple, Inc. to lay off employees to help their financial statement for stakeholders may have been part of the cause of the problem (Yoffie...
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...Apple Incorporation Business Analysis Antonio Hayes 521 September 27, 2011 Sally Walters Apple Incorporation Business Analysis For the past three years Apple has been known by fortune as the world’s most admired company. They are known for elegant product design, innovation, customer loyalty, brand-building marketing, and secrecy (Gauging Corporate financial results, 2010.) The financial statement projected that the company will continue to grow because of their product design to meet the consumer needs. The company has seen an increase in demand of products and service. Based on the company historical and projected future earnings and cash flow growth rates, any person who is looking for a smart short to medium term investment, Apple stock would be the right decision. Its steady growth in earnings and dividends can be viewed as acquiring moderate to risky equity. On December 29, 1994, Apple inventory increased to $1 billion. That was the inventory turnover for Apple. Their total revenue rose from $9.8 billion in 1996 to above 19.3 billion in 2006, which is a substantial increase of 96.43% (Shlinds, 2007.) On July 19, 2011 Apple, announced financial results for its fiscal 2011 third quarter ended June 25, 2011. The company earned quarterly revenue of $28.57 billion and earned a quarterly net profit of $7.31 billion. Those billions of dollars in sales had much to do with the sales of the Macs, iPhone, and iPad. The company sold 3.95 million Macs during the...
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...Apple Company Profile Operations Apple Inc. is a technology titan that is responsible for innovations such as the iPad, iPod, and Mac computers. Additionally Apple creates software, devices that operate separately from computers know as peripherals, mobile devices, digital content, and network applications (Datamonitor). Furthermore Apple is also responsible for the creation of the Mac OS X and iOS operating systems, which are software for multiple products such as the Mac, iPhone, iPad, and iPod (Datamonitor). Undoubtedly, the consistent installation of the Mac OS X and iOS operating systems allows the user a seamless synchronization between the iPhone, iPad, and iPod. The harmonious exchange between products also provides Apple with a competitive edge. This competitive edge has allowed Apple to establish retail stores not only across the U.S. but also internationally. For example Apple has a formidable store in Boston’s Prudential Center as well as a location in Beijing, China. Although Apple has global establishments it is headquartered in Cuptertino, California and has 46,600 employees in its workforce (Datamonitor). Innovations such as the iPhone and iPad provided a catalyst for Apple’s recent sales and growth. In fact the 52% increase in revenues for 2010 was largely created by the 93% growth in sales of the iPhone and iPad (Datamonitor). The company’s growth continued in 2010 when operating profit increased 56.6% from 2009 and net profit increased 70.2% from 2009 (Datamonitor)...
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...Business Analysis Business Analysis In this paper, an overall business analysis of Apple Inc. will discuss the company’s financial statements, the company’s financial health and how it compare to other companies in the industry and globalization and how it has affected the company’s business strategies. Lastly, a benchmarking analysis will be conducted in the following comparison with other companies in the same industry. Apple Inc. has the talents of Steven Jobs along with other top idealists. Having such talent clearly gives Apple the advantage over other competitors in this industry. The collaborative efforts of the leaders give Apple Inc. a clear strategic advantage. Apple main goal is to stay on top of its competition. In order to accomplish this goal, the employees have to spend long hours determining what the consumer’s want and how to design their products based on that outcome. A good example would be the development of the iPhone. The iPhone was derived from a display of information of the iPod. This included a bigger touch screen that helped in the development of the smart phone. This vision didn’t stop there; Jobs began to think in the future toward concepts of applications for the smart phone. Once it was realized that the iPhone was a personal computer, three years later Apple Inc. introduce the iPhone and its application system. According to (Bajarin, 2011) Apple raises the bar with every new generation of the iPhone. Apple’s new version of the iPad has stood...
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...Sanjin Slavuljica Professor Farooqi Corporate Finance March 16, 2016 MID TERM EXAM ALL DOLLAR AMOUNTS FOR APPLE ARE IN THOUSANDS PART 1: Financial Position Statements – ON EXCEL (Under Balance Sheet, Income Statement, and Statement of Cash Flows) PART 2: Financial Ratios and Charts– ON EXCEL (Under Balance sheet) PART 3: Industry average of ratios Apple falls in many different categories for industry type. The most common and according to Yahoo finance, Apple is in the electronic equipment industry. Following will be the industry average for all of the ratios found in part 2. Electronics Equipment average Ratios: -Current Ratio= 3.45 times -Return on Equity (ROE)= 4.16 percent -Return on Assets (ROA)= 10.14 - Profit Margin= 3.80 percent -Shares Outstanding= 47.14 million -Price to Earnings= 60.36 times -Price to Book=2.35 times -Price to Sales= 2.19 times -Revenue= $882.51 million -Gross Profit= $459.38 million -EBITDA= $106.44 million -Net Income= $33.54 million -Total Debt= $309.96 million -Debt-to-Equity= .38 -Book Value Per Share= 17.41 times -Cash Flow from Operations= $65.1 million -Short Ratio= 6.76 times -EPS= .70 -Price to Earnings to Growth .98 times -Total Asset 1.46 Billion -Market Capitalization -Current Assets= $828.48 million -Current Liabilities= $240.33 million Quick Ratio= .47 times -I could not find a cash ratio for the electronic equipment industry. -Inventory Turnover= 12.29 -Days’ Sales in inventory=...
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