How would you explain in detail the Statement Cash Flow based on the below information?

Income Statement		Company		Apple Inc					Horizontal Analysis			Comments	Income Statement	Company					Vertical Analysis							Comments
All numbers in thousands													All numbers in thousands
Revenue		2022		2021	2020		2019		2022	2021	2020	The account that has seen the most change is the gross profit from 2021 which rose an extraordinary 33% from 2020. According to Tim Cook, the primary driver for that increase is due to the 26% growth in the service side of the business, including music, video subscriptions, warranties, and licencing (Leswing, 2021). This also led to a substantial increase in the Net Income of Common Shares of 71% in 2021. While 2022 did not see the same significant increase as the previous year, the growth gained in 2021 continued through 2022. Another area that saw substantial changes was Total Other Income/Expenses Net for 2022 which saw a 229% loss. In the 2022 Apple 10K, a note is made that the primary reason for this change is due to higher realized losses on debt securities (Apple Inc., 2022). Given the increase of interest rates from the Fed over the last year, it is understandable why there were such significant losses in debt securities. While this was not a large enough change to affect the net income substantially, it will more than likely be a factor in the years to come, according to notes from management (Apple Inc., 2022).	Revenue	2022	2021		2020		2022		2021			2020		The account that has seen the most change, according to the vertical analysis, is the cost of revenue. It is slowly decreasing as a percentage of total revenue year over year while gross profit continues to increase. This is primarily due to the increase in services that Apple is providing. Apple services tend to have less cost associated than the cost of producing products. For example, in 2022, the cost of services was 28% of profit compared to 64% for products (Apple Inc., 2022). Overall, this change significantly impacts Apple's performance, considerably increasing profit. There has also been a steady increase in the Income Tax Expense year over year. This is most likely due to a rise in particular taxes and having less depreciable assets. While this is negatively affecting Apple, the effects are minimal.
Total Revenue		394,328		365,817	274,515		260,174		7.79%	33.26%	5.51%		Total Revenue	394,328	365,817		274,515		100%		100%			100%
Cost of Revenue		223,546		212,981	169,559		161,782		4.96%	25.61%	4.81%		Cost of Revenue	223,546	212,981		169,559		56.69%		58.22%			61.77%
Gross Profit		170,782		152,836	104,956		98,392		11.74%	45.62%	6.67%		Gross Profit	170,782	152,836		104,956		43.31%		41.78%			38.23%
Operating Expenses													Operating Expenses
Research Development		26,251		21,914	18,752		16,217		19.79%	16.86%	15.63%		Research Development	26,251	21,914		18,752		6.66%		5.99%			6.83%
Selling General and Administrative		25,094		21,973	19,916		18,245		14.20%	10.33%	9.16%		Selling General and Administrative	25,094	21,973		19,916		6.36%		6.01%			7.25%
Non Recurring		N/A		N/A	N/A		N/A						Nonrecurring	N/A	N/A		N/A
Others		N/A		N/A	N/A		N/A						Others	N/A	N/A		N/A
Total Operating Expenses		51,345		43,887	38,668		34,462		16.99%	13.50%	12.20%		Total Operating Expenses	51,345	43,887		38,668		13.02%		12.00%			14.09%
Operating Income or Loss		119,437		108,949	66,288		63,930		9.63%	64.36%	3.69%		Operating Income or Loss	119,437	108,949		66,288		30.29%		29.78%			24.15%
Income from Continuing Operations													Income From Continuing Operations
Total Other Income/Expenses Net		-334		258	803		1,807		-229.46%	-67.87%	-55.56%		Total Other Income/Expenses Net	-334	258		803		-0.08%		0.07%			0.29%
Earnings Before Interest and Taxes		119,103		109,207	67,091		65,737		9.06%	62.77%	2.06%		Earnings Before Interest and Taxes	119,103	109,207		67,091		30.20%		29.85%			24.44%
Interest Expense		2,931		2,645	2,873		3,576		10.81%	-7.94%	-19.66%		Interest Expense	2,931	2,645		2,873		0.74%		0.72%			1.05%
Income Before Tax		119,103		109,207	67,091		65,737		9.06%	62.77%	2.06%		Income Before Tax	119,103	109,207		67,091		30.20%		29.85%			24.44%
Income Tax Expense		19,300		14,527	9,680		10,481		32.86%	50.07%	-7.64%		Income Tax Expense	19,300	14,527		9,680		4.89%		3.97%			3.53%
Minority Interest		N/A		N/A	N/A		N/A						Minority Interest	N/A	N/A		N/A
Net Income From Continuing Ops		99,803		94,680	57,411		55,256		5.41%	64.92%	3.90%		Net Income From Continuing Ops	99,803	94,680		57,411		25.31%		25.88%			20.91%
Nonrecurring Events													Nonrecurring Events						0.00%		0.00%			0.00%
Discontinued Operations		N/A		N/A	N/A		N/A						Discontinued Operations	N/A	N/A		N/A
Extraordinary Items		N/A		N/A	N/A		N/A						Extraordinary Items	N/A	N/A		N/A
Effect of Accounting Changes		N/A		N/A	N/A		N/A						Effect of Accounting Changes	N/A	N/A		N/A
Other Items		N/A		N/A	N/A		N/A						Other Items	N/A	N/A		N/A
Net Income		99,803		94,680	57,411		55,256		5.41%	64.92%	3.90%		Net Income	99,803	94,680		57,411		25.31%		25.88%			20.91%
Net Income													Net Income						0.00%		0.00%			0.00%
Preferred Stock and Other Adjustments		N/A		N/A	N/A		N/A						Preferred Stock and Other Adjustments	N/A	N/A		N/A
Net Income Applicable to Common Shares		6.15		5.67	3.31		2.99		8.47%	71.30%	10.70%		Net Income Applicable to Common Shares	6.15	5.67		3.31		0.00%		0.00%			0.00%
Balance Sheet					Horizontal Analysis									Comments	Balance Sheet							Vertical Analysis				Comments
All numbers in millions															All numbers in millions
Period Ending	2022	2021	2020	2019	2022	2021		2020							Period Ending	2022		2021		2020		2022	2021		2020
Current Assets														In analyzing Apple's balance sheet, we will take 2022, 2021 & 2020 to be the base years. The company's Total Current Assets decreased by 12.15% in 2022 compared to 2020 to close at $135,405,000. The most valuable year for apple was in 2020 with a total current asset of $143,713,000. The company's total assets had an increase by 3.82% in 2022 compared to the year of 2020. Most changes occurred due to Long-Term Investments & Property Plant and Equipment where most significant long-term investment took place in 2021 with the amount of $127,877,000. Apple's Total Current Liabilities had a significant increase of 22.4% on the year of 2022 with a total amount of $153,982,000 compared to the year of 2020. The current liabilities refer to short-term obligations that a company must settle within one year. This impacts the fincial analysis since it affects the companies debt and liquidity which can negativley impact the company risk. The two main accounts that are affecting this is Accounts Payable which has increased due to the amount of purchases made by Apples to supliers and the Short Term debt increase. This can be seen as an influence in investmnet growth but could also suggest that Apple is taking over more credit which could lead to higher interest expences. The perception from investors may also heavily affect the companies perfromance. As far as the Total Liabilities there was a slight increase of 0.68% ending with a balance of $302,083,000 for the year of 2022. Lastly, the Stockholder's Equity reflects a decrease of 8.11% for the year of 2022 compared to 2020 due to the Net Income increase.	Current Assets											From this calculation, we can see that the account payables, total current liabilities, common stock, total current assets, cash has increased in the year 2022 while long-term debt had a decreased. The significant decrease in cash and short-term investments is due to the total current liabilities and total liabilities. The company is not utilizing the assets accordingly to meet the current liabilities which is not good for the business. Correspondingly, the result of vertical analysis shows that the Cash and Cash Equivalents, Short-Term Investments, and Inventory expressed in terms as percentage of total assets has lower value in 2022 compared to 2020. On the other hand, total current liabilities, and common stock have increased value. This indicates the company is performing well but it should focus in settling the current liabilities to maximize the profits.
Cash and Cash Equivalents	23,646	34,940	38,016	48,844	-32.32%	-8.09%		-22.17%							Cash And Cash Equivalents	23,646		34,940		38,016		6.70%	9.95%		11.74%
Short-Term Investments	24,658	27,699	52,927	51,713	-10.98%	-47.67%		2.35%							Short-Term Investments	24,658		27,699		52,927		6.99%	7.89%		16.34%
Net Receivables	28,184	26,278	16,120	22,926	7.25%	63.01%		-29.69%							Net Receivables	28,184		26,278		16,120		7.99%	7.49%		4.98%
Inventory	4,946	6,580	4,061	4,106	-24.83%	62.03%		-1.10%							Inventory	4,946		6,580		4,061		1.40%	1.87%		1.25%
Other Current Assets	53,971	39,339	32,589	35,230	37.19%	20.71%		-7.50%							Other Current Assets	53,971		39,339		32,589		15.30%	11.21%		10.06%
Total Current Assets	135,405	134,836	143,713	162,819	0.42%	-6.18%		-11.73%							Total Current Assets	135,405		134,836		143,713		38.38%	38.41%		44.37%
Long Term Investments	120,805	127,877	100,887	105,341	-5.53%	26.75%		-4.23%							Long-Term Investments	120,805		127,877		100,887		34.25%	36.43%		31.15%
Property Plant and Equipment	42,117	39,440	36,766	37,378	6.79%	7.27%		-1.64%							Property Plant and Equipment	42,117		39,440		36,766		11.94%	11.24%		11.35%
Goodwill	N/A	N/A	N/A	N/A											Goodwill	N/A		N/A		N/A
Intangible Assets	N/A	N/A	N/A	N/A											Intangible Assets	N/A		N/A		N/A
Accumulated Amortization	N/A	N/A	N/A	N/A											Accumulated Amortization	N/A		N/A		N/A
Other Assets	54,428	48,849	42,522	32,978	11.42%	14.88%		28.94%							Other Assets	54,428		48,849		42,522		15.43%	13.92%		13.13%
Deferred Long-Term Asset Charges	N/A	N/A	N/A	N/A											Deferred Long-Term Asset Charges	N/A		N/A		N/A
Total Assets	352,755	351,002	323,888	338,516	0.50%	8.37%		-4.32%							Total Assets	352,755		351,002		323,888		100.00%	100.00%		100.00%
Current Liabilities															Current Liabilities
Accounts Payable	64,115	54,763	42,296	46,236	17.08%	29.48%		-8.52%							Accounts Payable	64,115		54,763		42,296		18.18%	15.60%		13.06%
Short/Current Long-Term Debt	29,022	1	20,412	21,762	3424076.29%	-100.00%		-6.20%							Short-/Current Long-Term Debt	29,022		23,225		20,412		8.23%	6.62%		6.30%
Other Current Liabilities	60,845	47,493	42,684	37,720	28.11%	11.27%		13.16%							Other Current Liabilities	60,845		47,493		42,684		17.25%	13.53%		13.18%
Total Current Liabilities	153,982	125,481	105,392	105,718	22.71%	19.06%		-0.31%							Total Current Liabilities	153,982		125,481		105,392		43.65%	35.75%		32.54%
Long-Term Debt	98,959	109,106	98,667	91,807	-9.30%	10.58%		7.47%							Long-Term Debt	98,959		109,106		98,667		28.05%	31.08%		30.46%
Other Liabilities	49,142	53,325	54,490	50,503	-7.84%	-2.14%		7.89%							Other Liabilities	49,142		53,325		54,490		13.93%	15.19%		16.82%
Deferred Long-Term Liability Charges	N/A	N/A	N/A	N/A											Deferred Long-Term Liability Charges	N/A		N/A		N/A
Minority Interest	N/A	N/A	N/A	N/A											Minority Interest	N/A		N/A		N/A
Negative Goodwill	N/A	N/A	N/A	N/A											Negative Goodwill	N/A		N/A		N/A
Total Liabilities	302,083	287,912	258,549	248,028	4.92%	11.36%		4.24%							Total Liabilities	302,083		287,912		258,549		85.64%	82.03%		79.83%
Stockholders' Equity															Stockholders' Equity							0.00%	0.00%		0.00%
Misc. Stocks Options Warrants	N/A	N/A	N/A	N/A											Misc. Stocks Options Warrants	N/A		N/A		N/A
Redeemable Preferred Stock	N/A	N/A	N/A	N/A											Redeemable Preferred Stock	N/A		N/A		N/A
Preferred Stock	N/A	N/A	N/A	N/A											Preferred Stock	N/A		N/A		N/A
Common Stock	64,849	57,365	50,779	45,174	13.05%	12.97%		12.41%							Common Stock	64,849		57,365		50,779		18.38%	16.34%		15.68%
Retained Earnings	-3,068	5,562	14,966	45,898	-155.16%	-62.84%		-67.39%							Retained Earnings	-3,068		5,562		14,966		-0.87%	1.58%		4.62%
Treasury Stock	N/A	N/A	N/A	N/A											Treasury Stock	N/A		N/A		N/A
Capital Surplus	N/A	N/A	N/A	N/A											Capital Surplus	N/A		N/A		N/A
Other Stockholder Equity	-11,109	163	-406	-584	-6915.34%	-140.15%		-30.48%							Other Stockholder Equity	-11,109		163		-406		-3.15%	0.05%		-0.13%
Total Stockholder Equity	50,672	63,090	65,339	90,488	-19.68%	-3.44%		-27.79%							Total Stockholder Equity	50,672		63,090		65,339		14.36%	17.97%		20.17%
Net Tangible Assets															Net Tangible Assets
															Total Common Equity	352,755		351,002		323,888		100.00%	100.00%		100.00%
								Apple Inc. (2022, September 24). SEC. Retrieved from https://www.sec.gov/ix?doc=%2FArchives%2Fedgar%2Fdata%2F0000320193%2F000032019322000108%2Faapl-20220924.htm