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Financial Statement Analysis Apple Inc.Apple Inc., formerly APPLE COMPUTER, INC., is a multinational corporation that creates consumer electronics, personal computers, computer software, and commercial servers, and is a digital distributor of media content. Apples core product lines are the iPhone smart phones, iPad tablets computer, iPod portable media player, and Macintosh computer line.

FoundersSteve Jobs and Steve Wozniak created Apple Computer on April 1, 1976 and incorporated the company on January 3, 1977, in Cupertino, California.DETAILS

INDEX MEMBERSHIP:N/ASECTOR:CONSUMER GOODSINDUSTRY:ELECTRONIC EQUIPMENTFULL TIME EMPLOYEES:92,600

Apple Inc. (APPL)Income StatementPeriod ending 28 Sept. 201329 Sept. 2012Total Revenue170,190,000156,508,000Cost of Revenue106,606,00087,846,000Gross Profit 63,304,00068,662,000 Operating Expenses Research Development4,475,0003,381,000 Selling General & Administrative10,830,00010,040,000 Non Recurring __ ________________________________________________________________________________________Operating Income or Loss48,999,00055,241,000Income from continuing operations Total other income/expenses net1,156,000522,000 Earnings before interest & tax50,155,00055,763,000 Interest expense Income before tax50,155,00055,763,000 Income tax expense13,118,00014,030,000 Minority interest_____________________________________________________________________________________ Net income from continuing ops37,037,00041,733,000

Non- recurring events Discontinued operations Extraordinary items Effect of accounting changes Other items___________________________________________________________________________________Net Income37,037,00041,733,000Preferred stock and other Adjustment____________________________________________________________________________Net Income Applicable to common share 37,037,00041,733,000

Apple Inc. (APPL)Balance sheetPeriod ending28 Sept. 201329 Sept. 2012Assets Current assets Cash and cash equivalents14,259,00010,746,000 Short term investments26,287,00018,383,000 Net receivables24,094,00021,275,000 Inventory1,764,000791,000 Other current assets6,882,0006,458,000_______________________________________________________________________________________Total current assets73,286,00057,653,000Long term investments106,215,00092,122,000Property plant and equipment16,597,00015,452,000Goodwill1,577,0001,135,000Intangible assets4,179,0004,224,000Accumulated amortization -- --Other assets5,146,0005,478,000Deferred long term asset charges_______________________________________________________________________________________

Total assets207,000,000176,064,000Liabilities Current liabilities Accounts payable36,223,00032,589,000 Other current liabilities7,435,0005,953,000_______________________________________________________________________________________Total current liabilities 43,658,00038,542,000Long term debt16,960,000 --Other liabilities20,208,00016,664,000Deferred long term liability charges2,625,0002,648,000Minority chargesNegative goodwill_______________________________________________________________________________________Total liabilities43,658,00038,542,000Stockholders equityMisc stocks options warrantsRedeemable preferred stockPreferred stockCommon stock19,764,00016,422,000Retained earnings104,256,000101,289,000Treasury stockCapital surplusOther stockholders equity(471,000)499,000_______________________________________________________________________________________Total stockholder equity123,549,000118,210,000_______________________________________________________________________________________Net tangible assets117,793,000112,851,000