Nama : Adriansyah Fadilah Kusuma

NIM : 43219010046
Matkul : English For Accounting
QUIZ 06

Source : https://getpoindexter.com/blog/income-statement-example

Here, can we see the consolidated income statement of Apple Inc. There are a few things we can
notice:
 The net sales in 2016 is lower than in 2015, with 215.639 compared to 233.715. It
experienced a slight increase in 2017 with 229.234, however it’s still lower than 2015.
 The cost of sales in 2016 has gone down since the previous year, from 140.089 to
131.376. However, the cost of sales in 2017 is higher than all the previous year, with
141.048, slightly higher than 2015.
 Likewise, the gross profit in 2016 has gone down since the previous year, from 93.626 to
84.263. The gross profit in 2017 is higher than 2016, however it’s still slightly lower than
2015, with 88.186.
 The research and development expense has slightly increased every year, from 8.067 in
2015, to 10.045 in 2016, and finally 11.581 in 2017.
 The selling, general and administrative expense in 2016 is slightly lower than 2015, with
14.194 compared to 14.329. However, the expense in 2017 is higher than all previous
year
 This results in a quite noticeable decrease in operating income from 2015 to 2016.
However, it’s starting to go up again in 2017.
 Other income or expenses in 2017 is way higher than previous year, with 2.745
compared to 1.348 in 2016 and 1.285 in 2015.
 Income (before provision taxes) has also decreased dramatically from 2015 to 2016,
however it’s starting to go up again in 2017.
 As a result of this, provision taxes follows the same pattern, with dramatic decrease
from 2015 to 2016, before a slight increase in 2017.
 Finally, the net income in 2016 is lower than 2015, from 53.394 in 2015 to 45.687 in
2016. It experienced a slight increase, with net income in 2017 slightly higher than
2016 with 48.351.