Apple Inc.

NasdaqGS-AAPL

Operating Activities	Sep '25	Sep '24	Sep '23	Sep '22	Sep '21	Sep '20	Sep '19	Sep '18	Sep '17	Sep '16
Net Income	112,010	93,736	96,995	99,803	94,680	57,411	55,256	59,531	48,351	45,687
Net Income
Depreciation & Amortization	11,698	11,445	11,519	11,104	11,284	11,056	12,547	10,903	10,157	10,505
Depreciation and Amortization
Share-Based Compensation Expense	12,863	11,688	10,833	9,038	7,906	6,829	6,068	5,340	4,840	4,210
Share-Based Compensation Expense
Other Adjustments	-89	-2,266	-2,227	1,006	-4,921	-312	-992	-33,034	5,800	5,424
Provision for Deferred Income Taxes
Deferred Income Tax Expense
Loss on Disposition of Property, Plant and Equipment
Other
Excess tax benefits from stock options
Changes in Trade Receivables	-7,029	-5,144	-417	-9,343	-14,028	8,470	3,176	-13,332	-6,347	476
Accounts Receivable, Net
Vendor Non-Trade Receivables
Changes in Inventories	1,400	-1,046	-1,618	1,484	-2,642	-127	-289	828	-2,723	217
Inventories
Changes in Accounts Payable	902	6,020	-1,889	9,448	12,326	-4,062	-1,923	9,175	8,966	2,117
Accounts Payable
Changes in Unearned Revenue	—	—	—	—	—	2,081	-625	-3	-593	-1,554
Deferred Revenue
Changes in Other Operating Activities	-20,273	3,821	-2,653	-389	-567	-672	-3,827	38,026	-4,226	-851
Other Current Assets
Other Assets
Other Current and Non-Current Assets
Other Current and Non-Current Liabilities
Cash from Operating Activities	111,482	118,254	110,543	122,151	104,038	80,674	69,391	77,434	64,225	66,231
Cash Generated by Operating Activities

Investing Activities	Sep '25	Sep '24	Sep '23	Sep '22	Sep '21	Sep '20	Sep '19	Sep '18	Sep '17	Sep '16
Capital Expenditure	-12,715	-9,447	-10,959	-10,708	-11,085	-7,309	-10,495	-13,313	-12,451	-12,734
Payments for Acquisition of Property, Plant and Equipment
Purchases of Intangible Assets	—	—	—	—	—	—	—	—	—	—
Payments for Acquisition of Intangible Assets
Purchases of Investments	-24,407	-48,656	-29,513	-76,923	-109,558	-114,938	-40,631	-73,227	-160,007	-143,816
Purchases of Marketable Securities
Purchases of Long-Term Investments
Purchases of Other Long-Term Investments
Purchases of Non-Marketable Securities
Proceeds from Sale of Investments	53,797	62,346	45,514	67,363	106,483	120,391	98,724	104,072	126,465	111,794
Proceeds from Maturities of Marketable Securities
Proceeds from Sales of Marketable Securities
Proceeds from Non-Marketable Securities
Payments for Business Acquisitions	—	—	—	—	—	-1,524	-624	-721	-329	-297
Payments Made in Connection with Business Acquisitions, Net
Other Investing Activities	-1,480	-1,308	-1,337	-2,086	-385	-909	-1,078	-745	-124	-924
Payments for Strategic Investments, Net
Other
Cash from Investing Activities	15,195	2,935	3,705	-22,354	-14,545	-4,289	45,896	16,066	-46,446	-45,977
Cash Generated by Investing Activities

Financing Activities	Sep '25	Sep '24	Sep '23	Sep '22	Sep '21	Sep '20	Sep '19	Sep '18	Sep '17	Sep '16
Issuance of Short-Term Debt	-2,032	3,960	-3,978	3,955	1,022	-963	-5,977	-37	3,852	-397
Proceeds from Commercial Paper, Net
Net Issuance / (Repayments) of Short-Term Debt	-2,032	3,960	-3,978	3,955	1,022	-963	-5,977	-37	3,852	-397
Issuance of Long-Term Debt	4,481	—	5,228	5,465	20,393	16,091	6,963	6,969	28,662	24,954
Proceeds from Issuance of Term Debt, Net
Repayments of Long-Term Debt	-10,932	-9,958	-11,151	-9,543	-8,750	-12,629	-8,805	-6,500	-3,500	-2,500
Repayments of Term Debt
Net Issuance / (Repayments) of Long-Term Debt	-6,451	-9,958	-5,923	-4,078	11,643	3,462	-1,842	469	25,162	22,454
Issuance of Common Shares	—	—	—	—	—	—	781	669	555	495
Proceeds from Issuance of Common Stock
Repurchases of Common Shares	-96,671	-100,390	-82,981	-95,625	-92,527	-75,992	-69,714	-75,265	-34,774	-31,292
Payments for Taxes Related to Net Share Settlement of Equity Awards
Repurchases of Common Stock
Net Issuance / (Repurchases) of Common Shares	-96,671	-100,390	-82,981	-95,625	-92,527	-75,992	-68,933	-74,596	-34,219	-30,797
Common Share Dividends Paid	-15,421	-15,234	-15,025	-14,841	-14,467	-14,081	-14,119	-13,712	-12,769	-12,150
Payments for Dividends and Dividend Equivalents
Other Financing Activities	-111	-361	-581	-160	976	754	-105	—	—	—
Excess tax benefits from stock options
Other
Excess Tax Benefits from Equity Awards
Cash from Financing Activities	-120,686	-121,983	-108,488	-110,749	-93,353	-86,820	-90,976	-87,876	-17,974	-20,890
Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Sep '24	Sep '23	Sep '22	Sep '21	Sep '20	Sep '19	Sep '18	Sep '17	Sep '16
Free Cash Flow	98,767	108,807	99,584	111,443	92,953	73,365	58,896	64,121	51,774	53,497
NOPAT	112,280.9	93,531.8	97,476.8	100,082.9	94,456.3	56,723.9	53,737.1	57,893.8	46,280.1	44,683.5
Levered Free Cash Flow	84,539	98,531	81,494	110,619	116,661	60,877	42,825	105,579	76,495	65,444
Unlevered Free Cash Flow	93,292.9	104,324.8	91,876.8	111,021.9	103,772.3	57,690.9	49,125.1	103,509.8	45,410.1	42,383.5
Net Change in Cash	5,991	-794	5,760	-10,952	-3,860	-10,435	24,311	5,624	-195	-636