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Apple Inc. reports $93.7 billion annual profit for 2024

Apple Inc. reports $93.7 billion annual profit for 2024

Company generates $391 billion in revenue

By USinMinutes
Published - Nov 01, 2024, 08:50 AM ET
Last Updated - Nov 05, 2024, 01:37 PM EST

Apple Inc. [AAPL] has reported $93.7 billion in profit for 2024, an decrease of $3.3 billion from the previous year, according to a filing at the SEC.

The Cupertino, California-based company operating in the Manufacturing field recorded revenue of $391 billion , an increase of 2.021994077514121, or $7.8 billion, from the previous year.

Apple reported $391 billion in annual revenue.The diluted earnings per share fell by -0.8156606851549727 percent to $6.1 when compared to the EPS of $6.1 the previous year.

Dollars in millions
Sep 28, 2024    Jun 29, 2024    Mar 30, 2024    Dec 30, 2023   

Income Statement

Revenue $391,035.0  $85,777.0  $90,753.0  $119,575.0 
Operating Profit $123,216.0  $25,352.0  $27,900.0  $40,373.0 
Net Income $93,736.0  $21,448.0  $23,636.0  $33,916.0 
Net Cash -$794.0  -$4,102.0  $3,184.0  $11,237.0 
Gross Margin $180,683.0  $39,678.0  $42,271.0  $54,855.0 
Operating Margin $0.0  $0.0  $0.0  $0.0 
Profit as % of Revenues192.76 185.00 178.84 45.87 
Profit as % of Assets24.80 10.28 11.04 9.61 
Profit as % of Stockholder Equity164.59 32.15 31.86 45.77 
Return on Equity164.59 32.15 31.86 45.77 
Return on Assets25.68 6.47 7.01 9.59 
Turnover Ratio103.45 41.10 42.39 0.34 
EBITA$123,216.0 $25,352.0 $27,900.0   

Balance Sheet

Total Assets $364,980.0  $331,612.0  $337,411.0  $353,514.0 
Total Liabilities $308,030.0  $264,904.0  $263,217.0  $279,414.0 

Cash Flow Statement

Operating Cash Flow $118,254.0  $91,443.0  $62,585.0  $39,895.0 
Investing Cash Flow $2,935.0  $1,490.0  $1,617.0  $1,927.0 
Financing Cash Flow -$121,983.0  -$97,035.0  -$61,018.0  -$30,585.0 
Read the full filing
 
Disclaimer:USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although care is taken to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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