Apple Inc.
Investor-tailored annual financial statements.
Normalized to end of year balances and constant currency to this year.
Normalized to end of year balances and constant currency to this year.
| (millions of $) | End of year 2022 | End of year 2021 | End of year 2020 | End of year 2019 | End of year 2018 | End of year 2017 | End of year 2016 | End of year 2015 | End of year 2014 | End of year 2013 | End of year 2012 | End of year 2011 | End of year 2010 | End of year 2009 | End of year 2008 | End of year 2007 | |||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ordinary revenue' | $ | 382,097 | $ | 368,653 | $ | 291,618 | $ | 264,007 | $ | 271,795 | $ | 228,923 | $ | 219,894 | $ | 248,107 | $ | 209,254 | $ | 190,536 | $ | 180,403 | $ | 127,026 | $ | 87,810 | $ | 56,875 | $ | 46,512 | $ | 33,398 | |||||||||||||||||
| Cash operating costs (-) | 264,396 | 255,693 | 210,296 | 183,319 | 207,789 | 183,052 | 164,534 | 173,963 | 147,976 | 137,554 | 123,875 | 77,238 | 63,677 | 42,369 | 36,622 | 27,457 | |||||||||||||||||||||||||||||||||
| Operating cash flow | 117,701 | 112,961 | 81,322 | 69,933 | 60,058 | 61,137 | 71,616 | 74,143 | 61,278 | 52,982 | 57,881 | 49,788 | 24,133 | 14,505 | 9,890 | 5,941 | |||||||||||||||||||||||||||||||||
| Current capital expenditure (-) | 3,178 | 5,463 | (2,970) | 11,886 | (15,853) | (4,619) | 1,708 | (6,986) | (7,900) | (4,677) | (2,580) | (3,807) | (2,569) | 252 | (1,811) | (1,803) | |||||||||||||||||||||||||||||||||
| Capital expenditure (-) | 10,739 | 10,492 | 7,977 | 9,952 | 13,966 | 13,083 | 13,723 | 12,522 | 11,128 | 9,925 | 11,123 | 9,031 | 3,839 | 1,677 | 1,448 | 1,264 | |||||||||||||||||||||||||||||||||
| Free cash flow to the firm | 103,784 | 97,006 | 76,152 | 48,095 | 61,945 | 52,674 | 56,185 | 68,608 | 58,050 | 47,734 | 49,338 | 44,564 | 22,863 | 12,576 | 10,253 | 6,480 | |||||||||||||||||||||||||||||||||
| After tax interest expense (-) | 115 | 18 | (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Free cash flow to equity ex borrowings | 103,669 | 96,988 | 76,153 | 48,095 | 61,945 | 52,674 | 56,185 | 68,608 | 58,050 | 47,734 | 49,338 | 44,564 | 22,863 | 12,576 | 10,253 | 6,480 | |||||||||||||||||||||||||||||||||
| Net borrowings | (4,584) | 11,890 | 3,656 | (12,752) | (4,702) | 29,868 | 28,741 | 33,310 | 21,323 | 18,994 | 21,317 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
| Free cash flow to equity | $ | 99,084 | $ | 108,878 | $ | 79,809 | $ | 35,343 | $ | 57,244 | $ | 82,542 | $ | 84,160 | $ | 101,918 | $ | 82,495 | $ | 70,095 | $ | 52,513 | $ | 44,564 | $ | 22,863 | $ | 12,576 | $ | 10,253 | $ | 6,480 | |||||||||||||||||