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What would be an explanation for the large percentages increases of the horizontal analysis in the gross profit, operating income, and non recurring events sections?
What would be an explanation for the large percentages increases of the horizontal analysis in the gross profit, operating income, and non recurring events sections?
Income Statement | Apple Inc. | Horizontal Analysis | ||||
All numbers in thousands | ||||||
Revenue | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 |
Total Revenue | $220,747.00 | $213,883.00 | $225,847.00 | 3.21% | -5.30% | -1.48% |
Cost of Revenue | 53,768 | 46,291 | 39,748 | 16.15% | 16.46% | -71.82% |
Gross Profit | 274,515 | 260,174 | 265,595 | 5.51% | -2.04% | 201.18% |
Operating Expenses | ||||||
Research Development | 18,752 | 16,217 | 14,238 | 15.63% | 13.90% | 22.94% |
Selling General and Administrative | 19,916 | 18,245 | 16,705 | 9.16% | 9.22% | 9.46% |
Non Recurring | ||||||
Others | ||||||
Total Operating Expenses | 38,668 | 34,462 | 30,943 | 12.20% | 11.37% | 15.28% |
Operating Income or Loss | 235,847 | 225,712 | 234,652 | 4.49% | -3.81% | 282.52% |
Income from Continuing Operations | 66,288 | 63,930 | 70,898 | 3.69% | -9.83% | 46.63% |
Total Other Income/Expenses Net | 803 | 1,807 | 2,005 | -55.56% | -9.88% | -26.96% |
Earnings Before Interest and Taxes | 67,091 | 65,737 | 72,903 | 2.06% | -9.83% | 13.75% |
Interest Expense | ||||||
Income Before Tax | ||||||
Income Tax Expense | 9,680 | 10,481 | 13,372 | -7.64% | -21.62% | -15.03% |
Minority Interest | ||||||
Net Income From Continuing Ops | $57,411.00 | $ 55,256.00 | $ 59,531.00 | |||
Nonrecurring Events | ||||||
Discontinued Operations | 1202 | 3802 | -3407 | -68.39% | -211.59% | -330.67% |
Extraordinary Items | -63 | 25 | 1 | -352.00% | 2400.00% | -98.44% |
Effect of Accounting Changes | 1139 | 3827 | -3406 | -70.24% | -212.36% | 535.55% |
Other Items | 42 | 2781 | 3026 | -98.49% | -8.10% | -485.97% |
Net Income | ||||||
Net Income | 57,453 | 58,037 | 56,505 | -1.01% | -1.65% | 18.79% |
Preferred Stock and Other Adjustments | - | - | - | |||
Net Income Applicable to Common Shares |
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