D E F 1 A11Y 2 Back to Index 3 Apple's Income Statements 4 PERIOD ENDING (in $1,000) Sep-13 Sep-14 Sep-15 Sep-16 Sep-17 5 Total Revenue 6 Cost of Revenue 7 Gross Profit 8 Research Development 9 SG&A 10 Operating Income or Loss $170,910,000 $182,795,000 $233,715,000 $215,639,000 $229,234,000 $106,606,000 $112,258,000 $140,089,000 $131,376,000 $141,048,000 $64,304,000 $70,537,000 $93,626,000 $84,263,000 $88,186,000 $4,475,000 $6,041,000 $8,067,000 $10,045,000 $11,581,000 $10,830,000 $11,993,000 $14,329,000 $14,194,000 $15,261,000 $48,999,000 $52,503,000 $71,230,000 $60,024,000 $61,344,000 $1,292,000 $1,364,000 $2,018,000 $2,804,000 $5,068,000 $53,867,000 $73,248,000 $62,828,000 $66,412,000 $384,000 $733,000 $1,456,000 $2,323,000 $53,483,000 $72,515,000 $61,372,000 $64,089,000 $13,118,000 $13,973,000 $19,121,000 $15,685,000 $15,738,000 $37,037,000 $39,510,000 $53,394,000 $45,687,000 $48,351,000 11 Other Income/Expenses 12 Earnings Before Interest And Taxes $50,291,000 $136,000 13 Interest Expense 14 Income Before Tax $50,155,000 15 Income Tax Expense 16 Net Income 17 In order to calculate the effective tax rate paid by Apple, in 2013, the formula should be... O =(B14-B15)/100 =B15/B12 O =(B16-B14)/B14 O =1-(B16/B14) O =B16/B5 A B O LL