Question
APPL Income Statement USD in millions 2017-09 2016-09 2015-09 2014-09 2013-09 Revenue 229,234 215,639 233,715 182,795 170,910 Cost of revenue 141,048 131,376 140,089 112,258 106,606
APPL Income Statement
USD in millions | 2017-09 | 2016-09 | 2015-09 | 2014-09 | 2013-09 |
Revenue | 229,234 | 215,639 | 233,715 | 182,795 | 170,910 |
Cost of revenue | 141,048 | 131,376 | 140,089 | 112,258 | 106,606 |
Gross profit | 88,186 | 84,263 | 93,626 | 70,537 | 64,304 |
Operating expenses | |||||
Research and development | 11,581 | 10,045 | 8,067 | 6,041 | 4,475 |
Sales, General and administrative | 15,261 | 14,194 | 14,329 | 11,993 | 10,830 |
Total operating expenses | 26,842 | 24,239 | 22,396 | 18,034 | 15,305 |
Operating income | 61,344 | 60,024 | 71,230 | 52,503 | 48,999 |
Interest Expense | 2,323 | 1,456 | 733 | 384 | 136 |
Other income (expense) | 5,068 | 2,804 | 2,018 | 1,364 | 1,292 |
Income before taxes | 64,089 | 61,372 | 72,515 | 53,483 | 50,155 |
Provision for income taxes | 15,738 | 15,685 | 19,121 | 13,973 | 13,118 |
Net income | 48,351 | 45,687 | 53,394 | 39,510 | 37,037 |
AAPL Balance Sheet
USD in millions | 2017-09 | 2016-09 | 2015-09 | 2014-09 | 2013-09 |
Current assets | |||||
Cash and cash equivalents | 20,289 | 20,484 | 21,120 | 13,844 | 14,259 |
Short-term investments | 53,892 | 46,671 | 20,481 | 11,233 | 26,287 |
Total cash | 74,181 | 67,155 | 41,601 | 25,077 | 40,546 |
Receivables | 17,874 | 15,754 | 16,849 | 17,460 | 13,102 |
Inventories | 4,855 | 2,132 | 2,349 | 2,111 | 1,764 |
Deferred income taxes | 5,546 | 4,318 | 3,453 | ||
Other current assets | 31,735 | 21,828 | 23,033 | 19,565 | 14,421 |
Total current assets | 128,645 | 106,869 | 89,378 | 68,531 | 73,286 |
Non-current assets | |||||
Property, plant and equipment | |||||
Gross property, plant and equipment | 75,076 | 61,245 | 49,257 | 39,015 | 28,519 |
Accumulated Depreciation | -41,293 | -34,235 | -26,786 | -18,391 | -11,922 |
Net property, plant and equipment | 33,783 | 27,010 | 22,471 | 20,624 | 16,597 |
Equity and other investments | 194,714 | 170,430 | 164,065 | 130,162 | 106,215 |
Goodwill | 5,717 | 5,414 | 5,116 | 4,616 | 1,577 |
Intangible assets | 2,298 | 3,206 | 3,893 | 4,142 | 4,179 |
Other long-term assets | 10,162 | 8,757 | 5,556 | 3,764 | 5,146 |
Total non-current assets | 246,674 | 214,817 | 201,101 | 163,308 | 133,714 |
Total assets | 375,319 | 321,686 | 290,479 | 231,839 | 207,000 |
Current liabilities | |||||
Short-term debt | 18,473 | 11,605 | 10,999 | 6,308 | |
Accounts payable | 49,049 | 37,294 | 35,490 | 30,196 | 22,367 |
Taxes payable | 1,209 | 1,200 | |||
Accrued liabilities | 25,744 | 22,027 | 25,181 | 7,689 | 5,217 |
Deferred revenues | 7,548 | 8,080 | 8,940 | 9,548 | 7,435 |
Other current liabilities |
|
|
| 8,498 | 7,439 |
Total current liabilities | 100,814 | 79,006 | 80,610 | 63,448 | 43,658 |
Non-current liabilities | |||||
Long-term debt | 97,207 | 75,427 | 53,463 | 28,987 | 16,960 |
Deferred taxes liabilities | 31,504 | 26,019 | 24,062 | 20,259 | 16,489 |
Deferred revenues | 2,836 | 2,930 | 3,624 | 3,031 | 2,625 |
Other long-term liabilities | 8,911 | 10,055 | 9,365 | 4,567 | 3,719 |
Total non-current liabilities | 140,458 | 114,431 | 90,514 | 56,844 | 39,793 |
Total liabilities | 241,272 | 193,437 | 171,124 | 120,292 | 83,451 |
Stockholders' equity | |||||
Common stock | 35,867 | 31,251 | 27,416 | 23,313 | |
Additional paid-in capital | 19,764 | ||||
Retained earnings | 98,330 | 96,364 | 92,284 | 87,152 | 104,256 |
Accumulated other comprehensive income | -150 | 634 | -345 | 1,082 | -471 |
Total stockholders' equity | 134,047 | 128,249 | 119,355 | 111,547 | 123,549 |
Total liabilities and stockholders' equity | 375,319 | 321,686 | 290,479 | 231,839 | 207,000 |
Please caculate apple's WACC for fiscal year 2013,2014,2015,2016,2017
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