apple inc. - dupont analysis for class-1_group_11

8/13/2019 Apple Inc. - Dupont Analysis for Class-1_Group_11

1/24

Fiscal Year Fiscal Year Fiscal Year

Ending 2012 Ending 2011 Ending 2010

Cash & Short Term Investments 29,129,000 25,952,000 25,620,000

Cash Only 3,109,000 2,903,000 1,690,000

Short-Term Investments 26,020,000 23,049,000 23,930,000

Total Accounts Receivable 18,692,000 11,717,000 9,924,000

Accounts Receivables, Net 10,930,000 5,369,000 5,510,000

Accounts Receivables, Gross 11,028,000 5,422,000 5,565,000

Bad Debt/Doubtful Accounts -98,000 -53,000 -55,000

Other Receivables 7,762,000 6,348,000 4,414,000

Inventories 1,991,000 776,000 1,051,000

Finished Goods 791,000 776,000 1,051,000

Work in Progress 0 0 0

Raw Materials 0 0 0

Progress Payments & Other 1,200,000 0 0

Other Current Assets 7,841,000 6,543,000 5,083,000

Prepaid Expenses 0 728,000 157,000

Miscellaneous Current Assets 7,841,000 5,815,000 4,926,000

Total Current Assets 57,653,000 44,988,000 41,678,000

Net Property, Plant & Equipment 15,452,000 7,777,000 4,768,000

, -21,887,000 11,768,000 7,234,000

Buildings 2,439,000 2,059,000 1,471,000

Machinery & Equipment NA 6,926,000 3,589,000

Computer Software and Equipment 15,743,000 NA NA

Other Property, Plant & Equipment 3,705,000 2,783,000 2,174,000

Accumulated Depreciation 6,435,000 3,991,000 2,466,000

Total Investments and Advances 92,122,000 55,618,000 25,391,000

LT Investment - Affiliate Companies NA 0 0

Other Long-Term Investments 92,122,000 55,618,000 25,391,000

Long-Term Note Receivable 0 0 0

Intangible Assets 5,359,000 4,432,000 1,083,000

Net Goodwill 1,135,000 896,000 741,000

Net Other Intangibles 4,224,000 3,536,000 342,000

Other Assets 5,478,000 3,556,000 2,263,000

Deferred Charges 3,000,000 1,600,000 799,000

Tangible Other Assets 2,478,000 1,956,000 1,464,000

Total Assets 176,064,000 116,371,000 75,183,000

Apple Inc.

Balance Sheet

(000 USD)


2/24

ST Debt & Curr. Portion LT Debt 0 0 0

Short Term Debt 0 0 0

Current Portion of Long Term Debt 0 0 0

Accounts Payable 21,175,000 14,632,000 12,015,000

Income Tax Payable 1,535,000 1,140,000 210,000

Other Current Liabilities 15,832,000 12,198,000 8,497,000

Dividends Payable NA 0 0Accrued Payroll 735,000 590,000 436,000

Miscellaneous Current Liabilities 15,097,000 11,608,000 8,061,000

Total Current Liabilities 38,542,000 27,970,000 20,722,000

Long-Term Debt 0 0 0- .

0 0 0

Non-Convertible Debt 0 0 0

Convertible Debt 0 0 0

Capitalized Lease Obligations 0 0 0

Provision for Risks & Charges 0 0 NA

Deferred Taxes 13,847,000 8,159,000 4,300,000Deferred Taxes - Credit 13,847,000 8,159,000 4,300,000

Deferred Taxes - Debit 0 0 NA

Other Liabilities 5,465,000 3,627,000 2,370,000 .

2,817,000 1,941,000 1,231,000

Deferred Income 2,648,000 1,686,000 1,139,000

Total Liabilities 57,854,000 39,756,000 27,392,000

Non-Equity Reserves 0 0 0

Preferred Stock (Carrying Value) 0 0 0

Redeemable Preferred Stock 0 0 0

Non-Redeemable Preferred Stock0 0 0

Preferred Stock issues for ESOP0 0 0

ESOP Guarantees - Preferred Stock0 0 0

Common Equity (total) 118,210,000 76,615,000 47,791,000

Common Stock Par/Carry Value 16,422,000 13,331,000 10,668,000

Retained Earnings 101,289,000 62,841,000 37,169,000

ESOP Debt Guarantee 0 0 0

Cumulative TranslationAdjustment/Unrealized For. Exch.

Gain -232,000 313,000 -217,000

Unrealized Gain/Loss Marketable

Securities 731,000 130,000 171,000

Revaluation Reserves 0 0 0

Treasury Stock 0 0 0

Total Shareholders' Equity 118,210,000 76,615,000 47,791,000


3/24

Accumulated Minority Interest 0 0 0

Total Equity 118,210,000 76,615,000 47,791,000

Liabilities & Shareholders' Equity176,064,000 116,371,000 75,183,000

(000 USD)

Fiscal Year Fiscal Year Fiscal Year

Ending 2012 Ending 2011 Ending 2010

Sales/Revenue 155,971,000 108,598,000 65,067,000 .

87,776,000 64,076,000 39,498,000

COGS excluding D&A 84,499,000 62,262,000 38,471,000

3,277,000 1,814,000 1,027,000

Depreciation 2,600,000 1,600,000 815,000

Amortization of Intangibles 677,000 214,000 212,000

Gross Income 68,195,000 44,522,000 25,569,000SG&A Expense 13,421,000 10,028,000 7,299,000

Research & Development 3,381,000 2,429,000 1,782,000

Other SG&A 10,040,000 7,599,000 5,517,000

Other Operating Expense 0 0 0

Unusual Expense -467,000 1,566,000 -295,000

Non Operating Income/Expense -566,000 758,000 -336,000

Non-Operating Interest Income 1,088,000 519,000 311,000

Equity in Affiliates (Pretax) NA 0 0

Interest Expense 0 0 0

Gross Interest Expense 0 0 0Interest Capitalized 0 0 0

Pretax Income 55,763,000 34,205,000 18,540,000

Income Tax 14,030,000 8,283,000 4,527,000

Income Tax - Current Domestic 8,422,000 4,646,000 2,805,000

Income Tax - Current Foreign 1,203,000 769,000 282,000

Income Tax - Deferred Domestic 4,895,000 3,035,000 1,561,000

Income Tax - Deferred Foreign -490,000 -167,000 -121,000

Income Tax Credits 0 0 0

Equity in Affiliates 0 0 0

Other After Tax Income (Expense)0 0 0

Consolidated Net Income 41,733,000 25,922,000 14,013,000

Minority Interest Expense 0 0 0

Net Income 41,733,000 25,922,000 14,013,000

Extraordinaries & Discontinued

Operations 0 0 0

Extra Items & Gain/Loss Sale Of

Assets 0 0 0

Income Stateme


4/24

Cumulative Effect - Accounting Chg0 0 0

Discontinued Operations 0 0 0

Net Income After Extraordinaries41,733,001 25,922,000 14,012,999

Preferred Dividends 0 0 0

Net Income available to Common 41,733,000 25,922,000 14,013,000Operational EPS 43.8 28.85 14.93

EPS (basic) 44.64 28.05 15.41

EBITDA 58,051,000 36,308,000 19,297,000

Depreciation & Amortization

Expense 3,277,000 1,814,000 1,027,000

Common Shares Outstanding 945,355 936,645 924,712

Basic Shares Outstanding 934,818 924,258 909,461

Diluted Shares Outstanding 945,355 936,645 924,712

EPS after Extraordinary Items 44.1 35.11 17.92

Diluted EPS after ExtraordinaryItems 44.15 27.68 15.15

Discont. Operations Per Share NA 0 0

Continued operations EPS 44.15 27.68 15.15

NI 41,733,000 25,922,000 14,013,000

sales 155,971,000 108,598,000 65,067,000

TA 176,064,000 116,371,000 75,183,000

TE 118,210,000 76,615,000 47,791,000

Interest 0 0 0

Tax 28,060,000 16,566,000 9,054,000

EBT 55,763,000 34,205,000 18,540,000

NPM 0.267568971 0.238696845 0.215362626

TATO 0.885876727 0.933205008 0.865448306

ROI 0.237033124 0.222753091 0.18638522

Equity Multiplier 1.489417139 1.518906219 1.573162311

ROE 0.353041198 0.338341056 0.293214204

Interest Burden 1 1 1

Tax Burden 0.748399476 0.757842421 0.755825243


5/24

OPM 0.357521591 0.314968968 0.284937065

ROE 0.353041198 0.338341056 0.293214204

NI 41,733,000 25,922,000 14,013,000

Sales 155,971,000 108,598,000 65,067,000

TA 146217500 95777000 61342000

TE 97412500 62203000 39715500

NPM 0.267568971 0.238696845 0.215362626

TATO 1.066705422 1.133863036 1.060725115

ROI 0.285417272 0.27064953 0.228440546

EQ Mul 1.50101373 1.539748887 1.544535509

ROE 0.428415244 0.416732312 0.352834536


6/24

Fiscal Year Fiscal Year

Ending 2009 Ending 2008

23,464,000 24,490,000

1,139,000 368,000

22,325,000 24,122,000

5,057,000 4,704,000

3,361,000 2,422,000

3,413,000 2,469,000

-52,000 -47,000

1,696,000 2,282,000

455,000 509,000

455,000 509,000

0 0

0 0

0 0

2,579,000 4,987,000

309,000 2,406,000

2,270,000 2,581,000

31,555,000 34,690,000

2,954,000 2,455,000

4,667,000 3,747,000

955,000 810,000

1,932,000 1,491,000

NA NA

1,780,000 1,446,000

1,713,000 1,292,000

10,528,000 0

10,528,000 0

0 0

0 0

559,000 559,000

206,000 207,000

353,000 352,000

1,742,000 1,730,000

844,000 1,297,000

898,000 433,000

47,501,000 39,572,000


7/24

0 0

0 0

0 0

5,601,000 5,520,000

430,000 100,000

5,475,000 8,472,000

0 0357,000 320,000

5,118,000 8,152,000

11,506,000 14,092,000

0 0

0 0

0 0

0 0

NA 0

0 NA

2,053,000 537,0002,216,000 675,000

163,000 138,000

2,139,000 3,775,000

1,286,000 746,000

853,000 3,029,000

15,861,000 18,542,000

0 0

0 0

0 0

0 0

NA NA

NA NA

31,640,000 21,030,000

8,210,000 7,177,000

23,353,000 13,845,000

0 0

28,000 59,000

49,000 -51,000

0 0

0 0

31,640,000 21,030,000


8/24

0 0

31,640,000 21,030,000

47,501,000 39,572,000

Fiscal Year Fiscal Year

Ending 2009 Ending 2008

42,603,000 32,479,000

25,751,000 21,334,000

25,017,000 20,861,000

734,000 473,000

606,000 363,000

128,000 110,000

16,852,000 11,145,0005,482,000 4,870,000

1,333,000 1,109,000

4,149,000 3,761,000

0 0

-333,000 0

-44,000 -33,000

407,000 653,000

0 0

0 0

0 00 0

12,066,000 6,895,000

3,831,000 2,061,000

2,446,000 2,152,000

345,000 277,000

1,075,000 -237,000

-35,000 -131,000

0 0

0 0

0 0

8,235,000 4,834,000

0 0

8,235,000 4,834,000

0 0

0 0

t


9/24

0 0

0 0

8,234,999 4,833,999

0 0

8,235,000 4,834,0008.82 5.36

9.22 5.48

12,104,000 6,748,000

734,000 473,000

907,005 902,139

893,016 881,592

907,005 902,139

NA 5.4

9.08 5.36

NA NA

9.22 5.36

8,235,000 4,834,000

42,603,000 32,479,000

47,501,000 39,572,000

31,640,000 21,030,000

0 0

7,662,000 4,122,000

12,066,000 6,895,000

0.193296247 0.148834632

0.896886381 0.820757101

0.173364771 0.122157081 2 stage

1.501295828 1.88169282

0.260271808 0.229862102 3 stage

1 1

0.682496271 0.701087745

The equity multiple

more equity in the bu

of ROE and going t

leverage and taking

going up with the s

becaus

Since the interest b

company. Therefore t

company. There is no

shield is not present.

TATO of the compa


10/24

0.283219492 0.212291019

0.260271808 0.229862102 5 Stage

8,235,000 4,834,000

42,603,000 32,479,000

43536500

26335000

0.193296247

0.978558221

0.189151631

1.653180178

0.312701728 By Taking Averages we get high ROE.

Average only for Balance sheet components according to stock

By Taking Averages


11/24


12/24


13/24


14/24


15/24

and flow concept


16/24


17/24


18/24


19/24


20/24


21/24


22/24


23/24


24/24

apple inc. - dupont analysis for class-1_group_11

Documents