Apple Inc.

- Financial Statements

Income Statement - Apple Balance Sheet - Apple Personal "Balance Sheet"

($ in Millions Except Per Share Amounts) ($ in Millions) ($ in Thousands)
Current Previous Current
Assets: Assets:
Revenue: $ 200 Current Assets: Current Assets:
Cost of Goods Sold: 50 Cash & Cash-Equivalents: $ 10 Cash in Checking Account:
Gross Profit: 150 Accounts Receivable: 10 IOUs from Friends:
Inventory: 20
Operating Expenses: Prepaid Expenses: 5 Insurance Policy:
Research & Development: 30 Other Current Assets: 5 Cash in Savings Account:
General & Administrative: 40 Total Current Assets: 50 Total Current Assets:
Total Operating Expenses: 70
Long-Term Assets: Long-Term Assets:
Depreciation: 10 Long-Term Investments: 10 Stock Market Investments:
Stock-Based Compensation: 5 Property, Plant & Equipment: 50 Your House & Car:
Goodwill: 10
Operating Income: 65 Other Intangible Assets: 15
Interest Income / (Expense): 5 Other Long-Term Assets: 5 Retirement Savings Plans:
Other Income / (Expense): (5) Total Long-Term Assets: 90 Total Long-Term Assets:
Pre-Tax Income: 65
Income Tax Provision: 32 Total Assets: $ 140 Total Assets:

Net Income: 33 Liabilities & Shareholders' Equity: Liabilities & Shareholders' Equity:

Earnings Per Share: $0.33

Shares Outstanding: 100
BALANCE CHECK: BALANCE CHECK:
 Balance Sheet Key Points

Previous Current Assets = Resources that can produce revenue for you
Assets: Liabilities & Shareholders' Equity = How you got those
resources
$ 20
5 Assets = Liabilities & Shareholders' Equity

50 Snapshot in time - beginning and end of period

50
125 Current Assets / Current Liabilities: Under 1 year
Long-Term Assets / Long-Term Liabilities: Over 1 year

40
600

100
740

$ 865

& Shareholders' Equity: