...//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. Review MGT/521 Management Week Five Individual Assignment Apple Inc. has been noted as one of the most positive growing companies in the technology field today. The question is, How do we know this and how do we measure this? The answer is through three major financial business statements; The Income Statement, Balance Sheet, and Cash Flow Statement. All of these statements may seem to be redundant in what they portray but all of them are necessary in bringing to light the actual financial standing of any company. These statements are how a financial analyst can put together an honest analysis of the how the company is doing financially. Statements: The Income Statement for any company is a statement that shows the year-to-date profits and losses. In today’s world of the internet, it can be pulled as frequently as daily, weekly, monthly, quarterly, or just yearly. The balance sheet for a company gives a snapshot of the financial condition at any given moment but is usually generated at the end of an accounting time period (often at the end of the month or quarter). This sheet shows the assets, liabilities, and equity of the company to give a rounded idea of how the company is doing financially. A balance sheet is much like balancing a personal checkbook in that it is a way to log everything to do with the company including detailed costs and profits. The Cash Flow statement is another statement used to measure the amount...
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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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...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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...Individual: Financial Reporting Problem, Part 1 University of Phoenix Individual: Financial Reporting Problem, Part 1 According to Forbes.com, they may not currently be the leading publicly traded company in the world, but Apple Inc. has definitely established themselves as the current leading publicly traded company brands in the world (Forbes.com, 2013). As of September 28th, 2013, Apple Inc. has reported $207,000,000 in total assets. This number is important because it displays how much the business owns and what it is currently worth. When comparing the total assets to the end of the previous annual reporting period of September 29th, 2012, Apple Inc. had reported $176,064,000. That was an increase of $30,936,000. The total amount of cash and cash equivalents that Apple Inc. had at the end of its most recent annual reporting period of September 28th, 2013 was $14,259,000. The total amount of accounts payable that Apple Inc. had at the end of its most recent annual reporting period of September 28th, 2013 was $22,367,000. The total amount of accounts payable that Apple Inc. had at the end of the previous annual reporting of September 29th, 2012 was $21,175,000. That was an increase of $1,192,000. Apple Inc.’s net revenues for the last three annual reporting periods were significantly different. On the most recent reporting period of September 28th, 2013, Apple Inc.’s net revenue was $170,910,000. The annual reporting period before September 28th, 2013, on September...
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...FINANCIAL STATEMENT ANALYSIS OF APPLE INC. INTERMAITE ACCOUNTING 312 PROFESSOR BRODERICK MARTINEZ BY: MURTAZA MOIZ TABLE OF CONTENT Cover Page Pg. 1 Table of Contents Pg. 2 Introduction Pg. 3 History Pg. 3 Financial Statement Breakdown Pg. 4 Conclusion Pg. 11 Financial Statements Pg. 12 Work Cited Pg. 16 INTRODUCTION Today this Financial Analysis will serve its purpose as a company which is one of the top leading in making computer manufacturing parts. I chose Apple for my course project mainly based on the fact that they release all their records to the public and they have excellent accounting practices. Apple Inc. is the popular name on almost 1 out of 5 people in the world, whom speak of it. It is by far one of the...
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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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...Interpreting Financial Results FIN 571 May 18th, 2015 Eric Hohl Apple Inc. Apple Inc. is one of the most reputable electronic companies on the market today. Their competitors are Samsung, Motorola, and LG. Of those three Samsung is one of their most important competitor. Looking over the financial statement from 2011 to 2014 they have been seeing a huge increase in revenue, cost of goods sold, their gross profit, and operating income. They began to see an additional expense in 2013 and 2014. Apple Inc. seen a huge loss in 2014 on sales of investments. The other areas that Apple Inc. began to see a huge trend would be EBT, Income Tax Expense, Earnings from Continuing Operations, and Net Income. According to their financial statements they are above their industry competitors in return on assets, gross margin, EBITDA Margin, Growth over Prior Year, and Diluted EPS before Extra. The areas where they were lower in industry comparison would be return on equity, return on capital, SG&A Margin, Accounts Receivable Turnover, Fixed Assets Turnover, Inventory Turnover, Current Ratio, Quick Ratio, Total Liabilities/Total Assets, Receivables, Inventory over prior year, Capital Expenditures, and Levered Free Cash Flow. In some of these area of inventory comparisons from Apple Inc. Samsung was actually holding up better in their receivables, Capital Expenditures, Inventory, and Return on Equity. Apple Inc. Financial Statement |Currency in |As...
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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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...Apple and Samsung Name Institutional Affiliation Apple and Samsung Apple and Samsung are leading brands in electronics and technology around the globe. Apple Inc. was launched as a computer company in 1976. It was established by Steve Jobs, Steve Wozniak and Ronald Wayne. It is considered as one of the best company that has unsurpassed products and services so far. Apple is behind products like Macintosh desktops and laptop computers, phones, iPods, iTouch, iTunes, icloud and Apple TV. Furthermore, Apple Company has its own computers and it develops its own software.Apple is the world’s most valuable company even though it faces fierce competition from its competitors. Apple has partnered with other companies like LG and Samsung for the ipad and iphone displays. All the way, they have partnered with China with a company called Foxconn which is behind manufacturing its devices. Apple operates in 13 countries and has employed over 70,000 employees around the globe. Apple is a solid company that has shown a lot of innovation and growth over the years and it is a force to be reckoned with. On the other hand, Samsung is also an important brand worldwide with its wide range of electronic appliances and technology. Samsung is a North Korean company that was established in 1983. It operates its markets mainly in the United States, Asia and Europe. The first...
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...Financial Statement Analysis Apple Inc. Muhammad Khan DeVry University Class: Acct305: Intermediate Accounting III Professor: Jodi Krausman 02-10-2013 Table of Contents Scope 3 Profile 3 Taxes 4 Deferred Tax: 4 Temporary and Permanent Tax difference: 7 Provision for Income Tax Expense: 8 Carryforward and Carryback losses: 10 Defined Benefit Plan 10 Earnings per Share (EPS) 11 Share based compensation 13 Cash Flow Statement 14 Executive Summary 16 Works Cited 17 Scope The project aims at analyzing the financial statements of Apple inc for the two periods ending September 2011 and 2012. The project will focus on specific elements of the Income statement, Balance sheet and Cash flow statements. They include Taxes, Employee benefits plans, Earning per share, Share based compensation and Cash inflows and outflows, providing detail description on each of them from the two most recent financial statements. Profile “It’s not a fruit anymore” the phrase so commonly used on the internet, whether twitter or Facebook. It is world’s most valuable company according to Dave Carpenter. It is none other than the one of the most money making company in the world Apple Inc. Apple Inc., together with subsidiaries, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players; and sells related software, services, peripherals, networking solutions, and third-party digital content and applications...
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...Apple’s Financial Health MGT 521 Ocotober 31, 2012 Apple Financial Health As stated before in my business analysis paper, Apple is a very rich, prosperous, and innovative company. Its innovations and creativity has enable Apple to keep growing, striving, and propelling itself to the top of the personal computer industry. Apples dominancy and growth is not just known by people around the world it is documented and can be proven by Apple’s financial statements. Financial Statements On apples income statement one can see that their net sales rises each year for the past three years. Starting in 2009 where net sales were just $42,905 million, in 2010 $65,225 million, and then now to 2011 $108,249 million (Apple INC, 2011). This data shows that Apple’s net sales nearly triple from 2009 to 2011. Their gross margin also substantially increases starting at 17,222 million to in 2011 43,818 millions (Apple INC, 2011). This margin represents the percent of total sales revenue that the company retains after the direct costs associated with producing goods sold for a company. This means for the past three years Apple is able to make more profit then the cost that it takes to make its products. Furthermore as with every growing company comes more expenses so their expenses have risen from 2009 to 5,482 million to 10,028 million in 2011 (Apple INC, 2011). Their expenses are counteracted and accounted for by their net income which triples from 2009-2011 from $8,235 to 25,922...
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...Assignment 3: Required Assignment 3 –Calculating Financial Ratios George L. Burga Prof. Leon Grove Financial Management Argosy University October 03, 2015 * Download a company’s balance sheet and income statement from one of the many sites where financials are available, such as Zacks Investment Research or MarketWatch. * Choose five financial ratios, one from each of the five categories described in Chapter 3 of Brigham and Ehrhardt (i.e., liquidity, asset management, financial leverage, profitability, and market value) and look at them over a three-year period. Put your findings in a table with the years across the top (horizontal axis) and the ratios along the side (vertical axis). What do the findings tell you about the financial health of the company? How does your selected company compare to the industry? * Calculate each ratio using the information from the balance sheet and income statement. Balance Sheet | | | | | | | | Period Ending | 27-Sep-14 | 28-Sep-13 | 29-Sep-12 | | | | | Assets | | | | Current Assets | | | | | | | | Cash And Cash Equivalents | 13,844,000 | 14,259,000 | 10,746,000 | Short Term Investments | 11,233,000 | 26,287,000 | 18,383,000 | Net Receivables | 31,537,000 | 24,094,000 | 21,275,000 | Inventory | 2,111,000 | 1,764,000 | 791,000 | Other Current Assets | 9,806,000 | 6,882,000 | 6,458,000 | Total Current Assets | 68,531,000 | 73,286,000 | 57,653,000 | Long term Investments...
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...Reviewing a company’s financial health and conducting a benchmark analysis are two key components for any investor when considering a potential company to invest in. We will be comparing Motorola Mobility, Apple Inc., and Nokia Corporation to specifically find where Motorola Mobility falls in line with its competition in the cellular manufacturing industry. In addition to comparing the income statements, balance sheets, and cash flow of each company we will also be looking at how Motorola Mobility compares to the competition in the realm of technology and how globalization has impacted the company. Finally, we will take a look at conducting a benchmark analysis regarding Motorola Mobility’s best practices, its operational processes and procedures, and its products in comparison to Apple Inc. and Nokia. It is important to note while Business Analysis II reviewing the financial health of Motorola Mobility and Nokia that these two companies focus primarily on cellular phone manufacturing while Apple Inc. also includes the sales of its computers. However because of the Apple iPhone and iPad, Apple is a major competitor and leader in the cellular phone industry, and should be included. In the context of corporate financial reporting, the income statement summarizes a company's revenues and expenses quarterly and annually for its fiscal year. The final net figures, as well as various others in this statement, are of major interest to the investment community. Investors must...
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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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