Apple Inc
Buy, Hold or Sell?

Should you buy, hold or sell Apple?

I guess you are interested in Apple Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse Apple

Let's start. I'm going to help you getting a better view of Apple Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Company's Financial Health
A deep dive into the books. How are the numbers doing? Is Apple Inc even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
Market Valuation
Finally, you now have an insight of how Apple Inc is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Apple Inc. The closing price on 2023-03-23 was $158.93 per share. Is the company over- or underpriced?
Key Performance Indicators
A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.

Summary

1. Valuation of Apple

Current price per share

$158.93

Book Value per Share

$3.56

2. Growth of Apple

Is Apple growing?

	Current year	Previous year	Grow	Grow %
How rich?	$56.7b	$67.1b	-$8.8b	-15.3%

How much money is Apple making?

	Current year	Previous year	Grow	Grow %
Making money	$23.7b	$25.1b	-$1.3b	-5.7%
Net Profit Margin	24.4%	26.4%	-	-

How much money comes from the company's main activities?

3. Financial Health of Apple

Comparing to competitors in the Consumer Electronics industry

Industry Rankings (Consumer Electronics)

Richest
#7 / 140

Most Revenue
#3 / 140

Most Profit
#2 / 140

Most Efficient
#7 / 140

Summary

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is very efficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very efficient.
The company is efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

1.1. Profitability of Apple Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Apple earns for each $1 of revenue.

Above 10% is considered healthy but always compare Apple to the Consumer Electronics industry mean.
A Net Profit Margin of 25.6% means that $0.26 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Apple Inc:

The MRQ is 25.6%. The company is making a huge profit. +2
The TTM is 24.4%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	25.6%	TTM	24.4%	+1.2%
TTM	24.4%	YOY	26.4%	-2.0%
TTM	24.4%	5Y	23.1%	+1.4%
5Y	23.1%	10Y	22.2%	+0.9%

Compared to industry (Consumer Electronics)

Period	Company	Industry (mean)	+/-
MRQ	25.6%	2.5%	+23.1%
TTM	24.4%	2.4%	+22.0%
YOY	26.4%	3.6%	+22.8%
5Y	23.1%	2.4%	+20.7%
10Y	22.2%	2.4%	+19.8%

Measures how much net profit Apple earns for each $1 of revenue.

Revenue is the amount of profit Apple generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Apple earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Apple to the Consumer Electronics industry mean.
Can be used to compare companies within the Consumer Electronics industry.

You typically want a high profit margin. This means that for each $1 in sales, Apple makes more profit. This shows the investor how efficiently Apple is operating in general and compared to other companies in the same industry. Apple operates in the Consumer Electronics industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Apple. If profit margins remain low (compared to the Consumer Electronics industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Apple is 0.26. This means that Apple earned $0.26 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Consumer Electronics industry is 2.5%.
What is the trend?
The trend is important because it shows you how Apple is performing over time. The most recent quarter might be important if Apple released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Apple up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Apple with other companies in the same industry (Consumer Electronics).
Net profit margin should rise over the years.
Can be influenced when Apple sells assets (profit will increase while costs remain the same).
It won’t show what part of Apple is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Apple

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Apple = 29,998,000
Total revenue MRQ Apple = 117,154,000
$29,998,000 / $117,154,000 = 0.26 or 25.6%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Apple is using its assets to generate profit.

Above 5% is considered healthy but always compare Apple to the Consumer Electronics industry mean.
8.7% Return on Assets means that Apple generated $0.09 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Apple Inc:

The MRQ is 8.7%. Using its assets, the company is efficient in making profit. +1
The TTM is 6.9%. Using its assets, the company is efficient in making profit. +1

Trends

Current period		Compared to		+/-
MRQ	8.7%	TTM	6.9%	+1.8%
TTM	6.9%	YOY	7.1%	-0.3%
TTM	6.9%	5Y	5.4%	+1.4%
5Y	5.4%	10Y	4.8%	+0.6%

Compared to industry (Consumer Electronics)

Period	Company	Industry (mean)	+/-
MRQ	8.7%	0.9%	+7.8%
TTM	6.9%	0.7%	+6.2%
YOY	7.1%	0.9%	+6.2%
5Y	5.4%	0.8%	+4.6%
10Y	4.8%	0.8%	+4.0%

Shows how efficient Apple is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Apple to the Consumer Electronics industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Apple is using its resources to generate profit. If the return on assets (8.7%) from Apple are higher than the Consumer Electronics mean (0.9%) that means Apple is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Apple is 8.7%. This means the company generated $0.09 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Consumer Electronics industry is 0.9%.
What is the trend?
The trend is important because it shows you how Apple is performing over time. The most recent quarter might be important if Apple released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Apple up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Apple

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Apple = 29,998,000
Total assets MRQ (balance sheet) from Apple = 346,747,000
29,998,000 / 346,747,000 = 0.09 or 8.7%

ROA is an important ratio as it will tell you how effectively Apple is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Apple is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Apple to the Consumer Electronics industry mean.
52.9% Return on Equity means Apple generated $0.53 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Apple Inc:

The MRQ is 52.9%. Using its investors money, the company is very efficient in making profit. +2
The TTM is 41.1%. Using its investors money, the company is very efficient in making profit. +2

Trends

Current period		Compared to		+/-
MRQ	52.9%	TTM	41.1%	+11.8%
TTM	41.1%	YOY	37.2%	+3.9%
TTM	41.1%	5Y	25.9%	+15.2%
5Y	25.9%	10Y	17.5%	+8.4%

Compared to industry (Consumer Electronics)

Period	Company	Industry (mean)	+/-
MRQ	52.9%	2.5%	+50.4%
TTM	41.1%	1.9%	+39.2%
YOY	37.2%	2.6%	+34.6%
5Y	25.9%	2.1%	+23.8%
10Y	17.5%	1.9%	+15.6%

Shows how efficient Apple is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Apple to the Consumer Electronics industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Consumer Electronics industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Apple is 52.9%. This means Apple generated $0.53 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Consumer Electronics industry is 2.5%.
What is the trend?
The trend is important because it shows you how Apple is performing over time. The most recent quarter might be important if Apple released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Apple up to 10 years back (depending if Apple existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Apple

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Apple = 29,998,000
Shareholders equity (balance sheet) MRQ Apple = 56,727,000
29,998,000 / 56,727,000 = 0.53 or 52.9%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Apple Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Apple is operating .

Measures how much profit Apple makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Apple to the Consumer Electronics industry mean.
An Operating Margin of 31.3% means the company generated $0.31 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Apple Inc:

The MRQ is 31.3%. The company is operating very efficient. +2
The TTM is 30.0%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	31.3%	TTM	30.0%	+1.3%
TTM	30.0%	YOY	31.3%	-1.3%
TTM	30.0%	5Y	28.1%	+1.8%
5Y	28.1%	10Y	28.7%	-0.6%

Compared to industry (Consumer Electronics)

Period	Company	Industry (mean)	+/-
MRQ	31.3%	2.6%	+28.7%
TTM	30.0%	2.9%	+27.1%
YOY	31.3%	3.7%	+27.6%
5Y	28.1%	3.2%	+24.9%
10Y	28.7%	2.7%	+26.0%

Measures how efficient Apple is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Apple to the Consumer Electronics industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Apple is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Apple is 31.3%. This means that Apple earned $0.31 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Consumer Electronics industry is 2.6%.
What is the trend?
The trend is important because it shows you how Apple is performing over time. The most recent quarter might be important if Apple released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Apple up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Apple

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Apple = 36,016,000
Total revenue MRQ Apple = 117,154,000
$36,016,000 / $117,154,000 = 0.31 or 31.3%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Apple is keeping operating costs low.

Below 1 is considered healthy (always compare to Consumer Electronics industry mean).
An Operation Ratio of 0.69 means that the operating costs are $0.69 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Apple Inc:

The MRQ is 0.693. The company is efficient in keeping operating costs low. +1
The TTM is 0.708. The company is efficient in keeping operating costs low. +1

Trends

Current period		Compared to		+/-
MRQ	0.693	TTM	0.708	-0.015
TTM	0.708	YOY	0.694	+0.013
TTM	0.708	5Y	0.732	-0.024
5Y	0.732	10Y	0.726	+0.006

Compared to industry (Consumer Electronics)

Period	Company	Industry (mean)	+/-
MRQ	0.693	1.647	-0.954
TTM	0.708	1.644	-0.936
YOY	0.694	1.650	-0.956
5Y	0.732	1.585	-0.853
10Y	0.726	1.359	-0.633

Measures how efficient Apple is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Apple to the Consumer Electronics industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Apple is 69.3%. This means that Apple earned $0.69 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Consumer Electronics industry is 1.65.
What is the trend?
The trend is important because it shows you how Apple is performing over time. The most recent quarter might be important if Apple released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Apple up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Apple

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(66,822,000 +14,316,000) \ 117,154,000 = 0.69

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Apple Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Apple is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Consumer Electronics industry mean).
A Current Ratio of 0.94 means the company has $0.94 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Apple Inc:

The MRQ is 0.938. The company is just not able to pay all its short-term debts. -1
The TTM is 0.902. The company is just not able to pay all its short-term debts. -1

Trends

Current period		Compared to		+/-
MRQ	0.938	TTM	0.902	+0.036
TTM	0.902	YOY	1.079	-0.177
TTM	0.902	5Y	1.228	-0.326
5Y	1.228	10Y	1.288	-0.060

Compared to industry (Consumer Electronics)

Period	Company	Industry (mean)	+/-
MRQ	0.938	1.562	-0.624
TTM	0.902	1.663	-0.761
YOY	1.079	1.623	-0.544
5Y	1.228	1.749	-0.521
10Y	1.288	1.601	-0.313

Measures if Apple is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Consumer Electronics industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Apple if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Apple is 0.94. This means Apple has $0.94 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Consumer Electronics industry is 1.56.
What is the trend?
The trend is important because it shows you how Apple is performing over time. The most recent quarter might be important if Apple released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Apple up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Apple

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
128,777,000 \ 137,286,000) = 0.94

The current ratio measures if Apple is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Apple is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Apple does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Apple is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Apple is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Apple to the Consumer Electronics industry mean.
A Quick Ratio of 0.99 means the company can pay off $0.99 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Apple Inc:

The MRQ is 0.993. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.916. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.993	TTM	0.916	+0.078
TTM	0.916	YOY	1.148	-0.233
TTM	0.916	5Y	1.431	-0.515
5Y	1.431	10Y	1.522	-0.091

Compared to industry (Consumer Electronics)

Period	Company	Industry (mean)	+/-
MRQ	0.993	0.693	+0.300
TTM	0.916	0.718	+0.198
YOY	1.148	0.792	+0.356
5Y	1.431	0.797	+0.634
10Y	1.522	0.770	+0.752

1.4. Solvency of Apple Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Apple assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Apple to Consumer Electronics industry mean.
A Debt to Asset Ratio of 0.84 means that Apple assets are financed with 83.6% credit (debt) and the remaining percentage (100% - 83.6%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Apple Inc:

The MRQ is 0.836. The company is just able to pay all its debts by selling its assets.
The TTM is 0.832. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.836	TTM	0.832	+0.004
TTM	0.832	YOY	0.808	+0.024
TTM	0.832	5Y	0.764	+0.068
5Y	0.764	10Y	0.645	+0.119

Compared to industry (Consumer Electronics)

Period	Company	Industry (mean)	+/-
MRQ	0.836	0.528	+0.308
TTM	0.832	0.520	+0.312
YOY	0.808	0.527	+0.281
5Y	0.764	0.538	+0.226
10Y	0.645	0.522	+0.123

Measures how much % of Apple assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Apple than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Apple to Consumer Electronics industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Apple is 0.84. This means means that Apple is financed with 83.6% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Consumer Electronics industry is 156.2%.
What is the trend?
The trend is important because it shows you how Apple is performing over time. The most recent quarter might be important if Apple released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Apple up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Apple has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Apple

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
290,020,000 \ 346,747,000 = 83.6% or 0.84.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Apple is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Apple to the Consumer Electronics industry mean.
A Debt to Equity ratio of 511.3% means that company has $5.11 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Apple Inc:

The MRQ is 5.113. The company is unable to pay all its debts with equity. -1
The TTM is 5.016. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	5.113	TTM	5.016	+0.096
TTM	5.016	YOY	4.217	+0.799
TTM	5.016	5Y	3.517	+1.499
5Y	3.517	10Y	2.351	+1.166

Compared to industry (Consumer Electronics)

Period	Company	Industry (mean)	+/-
MRQ	5.113	1.072	+4.041
TTM	5.016	1.083	+3.933
YOY	4.217	1.113	+3.104
5Y	3.517	1.140	+2.377
10Y	2.351	1.051	+1.300

Measures if Apple is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Apple is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Apple is 5.11. This means that Apple can pay off $5.11 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Consumer Electronics industry is 1.07.
What is the trend?
The trend is important because it shows you how Apple is performing over time. The most recent quarter might be important if Apple released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Apple up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Apple

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
290,020,000 \ 56,727,000 = 5.11 or 511.3%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Apple Inc

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Apple generates.

Above 15 is considered overpriced but always compare Apple to the Consumer Electronics industry mean.
A PE ratio of 69.11 means the investor is paying $69.11 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Apple Inc:

The EOD is 84.534. Neutral. Compare to industry.
The MRQ is 69.109. Neutral. Compare to industry.
The TTM is 101.576. Seems overpriced? -1

Trends

Current period		Compared to		+/-
EOD	84.534	MRQ	69.109	+15.425
MRQ	69.109	TTM	101.576	-32.467
TTM	101.576	YOY	98.115	+3.461
TTM	101.576	5Y	211.238	-109.662
5Y	211.238	10Y	362.215	-150.977

Compared to industry (Consumer Electronics)

Period	Company	Industry (mean)	+/-
EOD	84.534	18.772	+65.762
MRQ	69.109	19.348	+49.761
TTM	101.576	16.416	+85.160
YOY	98.115	26.143	+71.972
5Y	211.238	22.670	+188.568
10Y	362.215	39.354	+322.861

Measures how much money you pay for each share for every $1 in earnings Apple generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Apple to the Consumer Electronics industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Apple is 69.11. This means the investor is paying $69.11 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Consumer Electronics industry is 19.35.
What is the trend?
The trend is important because it shows you how Apple is performing over time. The most recent quarter might be important if Apple released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Apple up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Apple

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
29,998,000 \ 15,955,718 = EPS
PE ratio MRQ = 69.11

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Apple.

Lower is better.
A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Apple Inc:

The MRQ is 47.255. Seems overpriced? -1
The TTM is 112.936. Seems overpriced? -1

Trends

Current period		Compared to		+/-
MRQ	47.255	TTM	112.936	-65.681
TTM	112.936	YOY	97.315	+15.621
TTM	112.936	5Y	235.754	-122.818
5Y	235.754	10Y	399.244	-163.490

Compared to industry (Consumer Electronics)

Period	Company	Industry (mean)	+/-
MRQ	47.255	23.784	+23.471
TTM	112.936	48.999	+63.937
YOY	97.315	67.758	+29.557
5Y	235.754	151.892	+83.862
10Y	399.244	268.235	+131.009

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Apple is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Consumer Electronics industry mean).
A PB ratio of 36.55 means the investor is paying $36.55 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Apple Inc:

The EOD is 44.703. Seems overpriced? -1
The MRQ is 36.546. Seems overpriced? -1
The TTM is 40.392. Seems overpriced? -1

Trends

Current period		Compared to		+/-
EOD	44.703	MRQ	36.546	+8.157
MRQ	36.546	TTM	40.392	-3.846
TTM	40.392	YOY	35.934	+4.457
TTM	40.392	5Y	40.743	-0.352
5Y	40.743	10Y	40.374	+0.370

Compared to industry (Consumer Electronics)

Period	Company	Industry (mean)	+/-
EOD	44.703	1.268	+43.435
MRQ	36.546	1.328	+35.218
TTM	40.392	1.589	+38.803
YOY	35.934	1.635	+34.299
5Y	40.743	1.734	+39.009
10Y	40.374	2.086	+38.288

2. Total Gains per Share

2.4. Latest News of Apple Inc

Does Apple Inc still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from Apple Inc to keep up to date. Note: the news is often already included in the price.

Date	Title	Read
2023-03-22 10:45	Nasdaq Bear Market: 1 Key Reason Apple Has Avoided Major Job Cuts	Read
2023-03-21 14:21	Meta Stock: Bull vs. Bear	Read
2023-03-20 22:45	Apple (AAPL) Outpaces Stock Market Gains: What You Should Know	Read
2023-03-20 12:56	RPC and Thor Industries have been highlighted as Zacks Bull and Bear of the Day	Read
2023-03-19 10:30	3 Dividend Stocks That Are Bursting With Free Cash Flow	Read
2023-03-19 00:01	7 Best Stocks to Buy for a Sideways Market	Read
2023-03-18 21:50	15 Most Promising Long-Term Stocks According to Analysts	Read
2023-03-17 12:01	Recent uptick might appease Apple Inc. (NASDAQ:AAPL) institutional owners after losing 4.4% over the past year	Read
2023-03-16 23:30	3 Big Tech Stocks are Holding Up the Entire Market	Read
2023-03-15 14:45	A Bull Market Is Coming: 3 Big Reasons to Buy Apple Stock Right Now	Read

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Apple Inc.

3.1. Institutions holding Apple Inc

Institutions are holding 61.321% of the shares of Apple Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2022-12-31	Vanguard Group Inc	8.079	4.5222	1278250538	5871637	0.4615
2022-09-30	BlackRock Inc	6.4483	4.7954	1020245185	-8443132	-0.8208
2022-12-31	Berkshire Hathaway Inc	5.6576	38.897	895136175	333856	0.0373
2022-12-31	State Street Corporation	3.7091	4.4803	586857405	-4686469	-0.7922
2022-09-30	FMR Inc	2.2178	5.0572	350900116	6582142	1.9116
2022-09-30	Geode Capital Management, LLC	1.7682	5.8584	279758518	1502326	0.5399
2022-12-31	T. Rowe Price Associates, Inc.	1.4302	4.7298	226281368	1417827	0.6305
2022-09-30	Morgan Stanley - Brokerage Accounts	1.1549	3.4418	182728771	278206	0.1525
2022-12-31	Northern Trust Corp	1.1015	4.7519	174276229	-1808633	-1.0271
2022-12-31	NORGES BANK	1.0579	5.242	167374278	25297875	17.8058
2022-09-30	Bank of America Corp	0.8991	2.3496	142260591	-6873324	-4.6088
2022-12-31	Bank of New York Mellon Corp	0.8437	3.9609	133488971	-2813900	-2.0644
2022-09-30	JPMorgan Chase & Co	0.7813	2.4534	123624457	-2978818	-2.3529
2022-09-30	Legal & General Group PLC	0.7482	6.3918	118384960	-5149433	-4.1684
2022-09-30	Nuveen Asset Management, LLC	0.5228	4.6312	82710223	-226754	-0.2734
2022-12-31	Goldman Sachs Group Inc	0.5167	2.3774	81747748	-110208	-0.1346
2022-09-30	Charles Schwab Investment Management Inc	0.509	3.9861	80540065	-313174	-0.3873
2022-09-30	UBS Asset Mgmt Americas Inc	0.427	5.2378	67558044	-12908999	-16.0426
2022-09-30	Wellington Management Company LLP	0.4248	1.9784	67208273	849452	1.2801
2022-12-31	Swiss National Bank	0.4128	6.0933	65315868	-4826740	-6.8813
Total		38.7099	121.2359	6124647783	-9006263	-0.1%

3.2. Funds holding Apple Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-01-31	Vanguard Total Stock Mkt Idx Inv	2.9273	5.3698	463159883	3536683	0.7695
2022-12-31	Vanguard Instl Ttl Stck Mkt Idx Tr	2.905	5.2188	459623200	3775499	0.8282
2023-01-31	Vanguard 500 Index Investor	2.1899	6.3122	346477985	820277	0.2373
2023-01-31	Fidelity® 500 Index	1.0342	6.3163	163632056	-216688	-0.1322
2023-02-28	SPDR® S&P 500 ETF Trust	1.0208	6.6241	161504709	-106788	-0.0661
2023-02-28	iShares Core S&P 500 ETF	0.8435	6.6135	133463881	0	0
2023-02-28	Invesco QQQ Trust	0.8133	12.1032	128677736	36150	0.0281
2023-01-31	Vanguard Growth Index Investor	0.8103	12.5896	128197555	585977	0.4592
2023-01-31	Vanguard Institutional Index I	0.6576	6.3035	104038249	-425192	-0.407
2023-01-31	Vanguard Information Technology ETF	0.4692	21.8649	74240272	3506815	4.9578
2023-02-28	State St S&P 500® Indx SL Cl III	0.4394	6.5306	69526742	451300	0.6533
2023-02-28	Technology Select Sector SPDR® ETF	0.3905	22.6988	61788810	-95106	-0.1537
2022-12-31	Blackrock Eq Idx Fund CF	0.3258	6.0025	51545974	4189111	8.8458
2023-02-28	iShares Russell 1000 Growth ETF	0.3049	12.0876	48244768	-9404	-0.0195
2022-06-30	Russell 1000 Index Fund	0.2817	5.8977	44577447	-338090	-0.7527
2022-12-31	T. Rowe Price US Lrg-Cap Core Gr Eq Comp	0.2401	9.8509	37981079	-1669742	-4.2111
2022-12-31	T. Rowe Price Blue Chip Growth	0.2401	9.8509	37981079	-1669742	-4.2111
2023-01-31	Fidelity Growth Compy Commingled Pl 3	0.2129	9.1313	33683220	0	0
2023-01-31	Fidelity® Growth Company	0.2093	11.3247	33108224	-145000	-0.436
2022-12-31	NT S&P 500 Index Fund - NL	0.2077	5.9972	32867459	-812439	-2.4122
Total		16.5235	188.6881	2614320328	+11413621	+0.4%

3.3. Insider Transactions

Insiders are holding 0.074% of the shares of Apple Inc.

Date	Owner	Type	Amount	Price	Post Transaction Amount
2022-11-22	Chris Kondo	SELL	20200	148.72	31505
2022-10-28	Luca Maestri	SELL	176299	155.95	110673
2022-10-17	Deirdre O'brien	SELL	8053	142.45	136290
2022-10-03	Deirdre O'brien	SELL	176299	142.16	136290
2022-08-17	Luca Maestri	SELL	96735	174.95	110673
2022-08-03	Katherine L Adams	SELL	25000	164.77	427334
2022-05-04	Katherine L Adams	SELL	25000	161.72	452334
2022-04-18	Deirdre O'brien	SELL	8000	164.91	136290
2022-04-04	Deirdre O'brien	SELL	29198	177.77	136290
2022-04-04	Jeffrey E. Williams	SELL	105901	177.75	489662

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Apple Inc compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.412	-0.200	+149%	0.121	+240%	-0.162	+139%	-0.031	+108%
Book Value Growth	-	-	1.119	0.948	+18%	1.024	+9%	0.959	+17%	0.983	+14%
Book Value Per Share	-	-	3.555	3.588	-1%	4.016	-11%	4.568	-22%	5.069	-30%
Book Value Per Share Growth	-	-	1.131	0.956	+18%	1.033	+9%	0.971	+16%	0.995	+14%
Current Ratio	-	-	0.938	0.902	+4%	1.079	-13%	1.228	-24%	1.288	-27%
Debt To Asset Ratio	-	-	0.836	0.832	+1%	0.808	+4%	0.764	+10%	0.645	+30%
Debt To Equity Ratio	-	-	5.113	5.016	+2%	4.217	+21%	3.517	+45%	2.351	+117%
Dividend Per Share	-	-	0.236	0.229	+3%	0.218	+8%	0.204	+15%	0.167	+41%
Dividend Per Share Growth	-	-	1.028	1.012	+2%	1.019	+1%	1.021	+1%	1.025	+0%
Eps	-	-	1.880	1.469	+28%	1.506	+25%	1.090	+72%	0.799	+135%
Eps Growth	-	-	1.462	1.012	+44%	1.102	+33%	1.108	+32%	1.117	+31%
Free Cash Flow Per Share	-	-	1.894	1.504	+26%	1.527	+24%	1.175	+61%	0.886	+114%
Free Cash Flow Per Share Growth	-	-	1.465	0.970	+51%	1.257	+17%	1.160	+26%	1.216	+20%
Free Cash Flow To Equity Per Share	-	-	-0.335	-0.319	-5%	0.190	-277%	-0.247	-26%	0.053	-736%
Free Cash Flow To Equity Per Share Growth	-	-	1.093	0.379	+188%	2.719	-60%	1.196	-9%	4.772	-77%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	70.479	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-82.261	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	6.178	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	1.551	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	19.236	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-3.796	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	33.107	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-18.368	-	-	-	-	-	-	-	-
Net Profit Margin	-	-	0.256	0.244	+5%	0.264	-3%	0.231	+11%	0.222	+15%
Operating Margin	-	-	0.313	0.300	+4%	0.313	0%	0.281	+11%	0.287	+9%
Operating Ratio	-	-	0.693	0.708	-2%	0.694	0%	0.732	-5%	0.726	-5%
Pb Ratio	44.703	+18%	36.546	40.392	-10%	35.934	+2%	40.743	-10%	40.374	-9%
Pe Ratio	84.534	+18%	69.109	101.576	-32%	98.115	-30%	211.238	-67%	362.215	-81%
Peg Ratio	-	-	47.255	112.936	-58%	97.315	-51%	235.754	-80%	399.244	-88%
Price Per Share	158.930	+18%	129.930	144.865	-10%	144.545	-10%	183.355	-29%	197.369	-34%
Price To Total Gains Ratio	245.373	+18%	200.600	-1017.070	+607%	-762.656	+480%	-1009.779	+603%	-326.975	+263%
Profit Growth	-	-	1.448	1.003	+44%	1.093	+32%	1.094	+32%	1.103	+31%
Quick Ratio	-	-	0.993	0.916	+8%	1.148	-13%	1.431	-31%	1.522	-35%
Return On Assets	-	-	0.087	0.069	+26%	0.071	+21%	0.054	+60%	0.048	+80%
Return On Equity	-	-	0.529	0.411	+29%	0.372	+42%	0.259	+104%	0.175	+203%
Revenue Growth	-	-	1.300	1.006	+29%	1.056	+23%	1.052	+24%	1.064	+22%
Total Gains Per Share	-	-	0.648	0.030	+2082%	0.339	+91%	0.042	+1425%	0.136	+377%
Total Gains Per Share Growth	-	-	5.244	0.910	+476%	3.363	+56%	2.088	+151%	2.025	+159%
Usd Book Value	-	-	56727000000.000	58226250000.000	-3%	67120000000.000	-15%	81642800000.000	-31%	104540550000.000	-46%
Usd Book Value Change Per Share	-	-	0.412	-0.200	+149%	0.121	+240%	-0.162	+139%	-0.031	+108%
Usd Book Value Per Share	-	-	3.555	3.588	-1%	4.016	-11%	4.568	-22%	5.069	-30%
Usd Dividend Per Share	-	-	0.236	0.229	+3%	0.218	+8%	0.204	+15%	0.167	+41%
Usd Eps	-	-	1.880	1.469	+28%	1.506	+25%	1.090	+72%	0.799	+135%
Usd Free Cash Flow	-	-	30218000000.000	24374500000.000	+24%	25463250000.000	+19%	20283350000.000	+49%	16934300000.000	+78%
Usd Free Cash Flow Per Share	-	-	1.894	1.504	+26%	1.527	+24%	1.175	+61%	0.886	+114%
Usd Free Cash Flow To Equity Per Share	-	-	-0.335	-0.319	-5%	0.190	-277%	-0.247	-26%	0.053	-736%
Usd Price Per Share	158.930	+18%	129.930	144.865	-10%	144.545	-10%	183.355	-29%	197.369	-34%
Usd Profit	-	-	29998000000.000	23792750000.000	+26%	25138750000.000	+19%	18830700000.000	+59%	15189500000.000	+97%
Usd Revenue	-	-	117154000000.000	96884250000.000	+21%	94580750000.000	+24%	79464500000.000	+47%	66384100000.000	+76%
Usd Total Gains Per Share	-	-	0.648	0.030	+2082%	0.339	+91%	0.042	+1425%	0.136	+377%
	EOD	+2 -3	MRQ	TTM	+34 -8	YOY	+28 -14	5Y	+31 -11	10Y	+31 -11

4.2. Fundamental Score

Let's check the fundamental score of Apple Inc based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	84.534
Price to Book Ratio (EOD)	Between	0-1	44.703
Net Profit Margin (MRQ)	Greater than	0	0.256
Operating Margin (MRQ)	Greater than	0	0.313
Quick Ratio (MRQ)	Greater than	1	0.993
Current Ratio (MRQ)	Greater than	1	0.938
Debt to Asset Ratio (MRQ)	Less than	1	0.836
Debt to Equity Ratio (MRQ)	Less than	1	5.113
Return on Equity (MRQ)	Greater than	0.15	0.529
Return on Assets (MRQ)	Greater than	0.05	0.087
Total			5/10 (50.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

4.3. Technical Score

Let's check the technical score of Apple Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	63.964
Ma 20	Greater than	Ma 50	152.101
Ma 50	Greater than	Ma 100	148.340
Ma 100	Greater than	Ma 200	144.512
Open	Greater than	Close	158.830
Total			3/5 (60.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	346,747,000
Total Liabilities	290,020,000
Total Stockholder Equity	56,727,000

	As reported
Total Liabilities	290,020,000
Total Stockholder Equity	+ 56,727,000
Total Assets	= 346,747,000

Assets

Total Assets	346,747,000
Total Current Assets	128,777,000
Long-term Assets	128,777,000

Total Current Assets

Total Current Assets (as reported)	128,777,000
Cash And Cash Equivalents	20,535,000
Short-term Investments	30,820,000
Net Receivables	54,180,000
Inventory	6,820,000
Other Current Assets	16,422,000
Total Current Assets (calculated)	128,777,000
+/-	0

Long-term Assets

Long-term Assets (as reported)	217,970,000
Property Plant Equipment	42,951,000
Long Term Investments	114,095,000
Other Assets	60,924,000
Long-term Assets (calculated)	217,970,000
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	137,286,000
Long-term Liabilities	152,734,000
Total Stockholder Equity	56,727,000

Total Current Liabilities

Total Current Liabilities (as reported)	137,286,000
Short-term Debt	11,483,000
Short Long Term Debt	11,483,000
Accounts payable	57,918,000
Other Current Liabilities	59,893,000
Total Current Liabilities (calculated)	140,777,000
+/-	3,491,000

Long-term Liabilities

Long-term Liabilities (as reported)	152,734,000
Long term Debt Total	99,627,000
Long-term Liabilities Other	53,107,000
Long-term Liabilities (calculated)	152,734,000
+/-	0

Total Stockholder Equity

Total Stockholder Equity (as reported)	56,727,000
Retained Earnings	3,240,000
Accumulated Other Comprehensive Income	-12,912,000
Capital Surplus	66,240,576
Total Stockholder Equity (calculated)	56,568,576
+/-	158,424

Other

Capital Stock	66,399,000
Cash And Equivalents	20,535,000
Cash and Short Term Investments	51,355,000
Common Stock Shares Outstanding	15,955,718
Common Stock Total Equity	66,399,000
Current Deferred Revenue	7,992,000
Liabilities and Stockholders Equity	346,747,000
Net Debt	90,575,000
Net Invested Capital	167,837,000
Net Tangible Assets	56,727,000
Net Working Capital	-8,509,000
Short Long Term Debt Total	111,110,000

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

1994-12-31

1994-09-30

1994-06-30

1994-03-31

1993-12-31

1993-09-30

1993-06-30

1993-03-31

1992-12-31

1992-09-30

1992-06-30

1992-03-31

1991-12-31

1991-09-30

1991-06-30

1991-03-31

1990-12-31

1990-09-30

1990-06-30

1990-03-31

1989-12-31

1989-09-30

1989-06-30

1989-03-31

1988-12-31

1988-09-30

1988-06-30

1988-03-31

1987-12-31

1987-09-30

1987-06-30

1987-03-31

1986-12-31

1986-09-30

1986-06-30

1986-03-31

1985-12-31

1985-09-30

> Total Assets

936,200
0
0
0
1,160,100
0
0
0
1,477,900
0
0
0
2,082,100
0
0
0
2,743,900
2,813,300
2,775,700
2,889,500
2,975,700
3,157,300
3,422,200
3,455,500
3,493,600
3,745,500
3,940,900
4,121,200
4,223,700
4,494,600
4,470,100
4,768,000
5,171,400
5,042,440
5,286,000
5,123,000
5,302,746
5,533,000
6,050,000
6,112,000
6,231,000
6,553,000
5,234,000
5,345,000
5,364,000
5,272,000
4,487,000
4,341,000
4,233,000
4,126,000
3,963,000
4,041,000
4,289,000
4,592,000
4,935,000
5,019,000
5,161,000
7,586,000
7,007,000
6,932,000
6,803,000
5,986,000
6,130,000
6,071,000
6,021,000
6,122,000
6,264,000
6,293,000
6,298,000
6,269,000
6,361,000
6,441,000
6,815,000
6,971,000
6,735,000
7,223,000
8,050,000
9,362,000
10,111,000
10,488,000
11,551,000
14,181,000
13,911,000
15,114,000
17,205,000
19,461,000
18,711,000
21,647,000
25,347,000
30,039,000
30,471,000
31,709,000
39,572,000
42,787,000
43,237,000
48,140,000
53,851,000
53,926,000
57,057,000
64,725,000
75,183,000
86,742,000
94,904,000
106,758,000
116,371,000
138,681,000
150,934,000
162,896,000
176,064,000
196,088,000
194,743,000
199,856,000
207,000,000
225,184,000
205,989,000
222,520,000
231,839,000
261,894,000
261,194,000
273,151,000
290,479,000
293,284,000
305,277,000
305,602,000
321,686,000
331,141,000
334,532,000
345,173,000
375,319,000
406,794,000
367,502,000
349,197,000
365,725,000
373,719,000
341,998,000
322,239,000
338,516,000
340,618,000
320,400,000
317,344,000
323,888,000
354,054,000
337,158,000
329,840,000
351,002,000
381,191,000
350,662,000
336,309,000
352,755,000
346,747,000

346,747,000

352,755,000

336,309,000

350,662,000

381,191,000

351,002,000

329,840,000

337,158,000

354,054,000

323,888,000

317,344,000

320,400,000

340,618,000

338,516,000

322,239,000

341,998,000

373,719,000

365,725,000

349,197,000

367,502,000

406,794,000

375,319,000

345,173,000

334,532,000

331,141,000

321,686,000

305,602,000

305,277,000

293,284,000

290,479,000

273,151,000

261,194,000

261,894,000

231,839,000

222,520,000

205,989,000

225,184,000

207,000,000

199,856,000

194,743,000

196,088,000

176,064,000

162,896,000

150,934,000

138,681,000

116,371,000

106,758,000

94,904,000

86,742,000

75,183,000

64,725,000

57,057,000

53,926,000

53,851,000

48,140,000

43,237,000

42,787,000

39,572,000

31,709,000

30,471,000

30,039,000

25,347,000

21,647,000

18,711,000

19,461,000

17,205,000

15,114,000

13,911,000

14,181,000

11,551,000

10,488,000

10,111,000

9,362,000

8,050,000

7,223,000

6,735,000

6,971,000

6,815,000

6,441,000

6,361,000

6,269,000

6,298,000

6,293,000

6,264,000

6,122,000

6,021,000

6,071,000

6,130,000

5,986,000

6,803,000

6,932,000

7,007,000

7,586,000

5,161,000

5,019,000

4,935,000

4,592,000

4,289,000

4,041,000

3,963,000

4,126,000

4,233,000

4,341,000

4,487,000

5,272,000

5,364,000

5,345,000

5,234,000

6,553,000

6,231,000

6,112,000

6,050,000

5,533,000

5,302,746

5,123,000

5,286,000

5,042,440

5,171,400

4,768,000

4,470,100

4,494,600

4,223,700

4,121,200

3,940,900

3,745,500

3,493,600

3,455,500

3,422,200

3,157,300

2,975,700

2,889,500

2,775,700

2,813,300

2,743,900

2,082,100

1,477,900

1,160,100

936,200

> Total Current Assets

822,100
0
0
0
1,040,900
0
0
0
1,307,400
0
0
0
1,783,000
0
0
0
2,294,400
2,325,500
2,269,700
2,339,000
2,403,300
2,544,000
2,812,900
2,828,300
2,863,600
3,071,600
3,256,900
3,423,200
3,558,400
3,703,300
3,654,600
3,920,400
4,338,400
4,208,007
4,422,000
4,260,000
4,476,452
4,718,000
5,161,000
5,191,000
5,224,000
5,551,000
4,277,000
4,454,000
4,515,000
4,419,000
3,642,000
3,493,000
3,424,000
3,373,000
3,213,000
3,375,000
3,698,000
3,867,000
4,092,000
4,298,000
4,285,000
4,909,000
4,912,000
5,157,000
5,427,000
4,926,000
5,345,000
5,248,000
5,143,000
5,272,000
5,414,000
5,443,000
5,388,000
5,384,000
5,468,000
5,546,000
5,887,000
6,029,000
5,784,000
6,286,000
7,055,000
8,322,000
9,007,000
9,376,000
10,300,000
12,162,000
11,286,000
12,491,000
14,509,000
16,664,000
16,029,000
18,745,000
21,956,000
26,189,000
26,736,000
27,998,000
34,690,000
35,163,000
33,853,000
35,170,000
36,265,000
33,332,000
32,336,000
36,033,000
41,678,000
43,927,000
46,997,000
46,898,000
44,988,000
54,771,000
50,712,000
51,943,000
57,653,000
72,348,000
63,337,000
68,219,000
73,286,000
80,347,000
70,541,000
67,949,000
68,531,000
83,403,000
67,891,000
70,953,000
89,378,000
76,219,000
87,592,000
93,761,000
106,869,000
103,332,000
101,990,000
112,875,000
128,645,000
143,810,000
130,053,000
115,761,000
131,339,000
140,828,000
123,346,000
134,973,000
162,819,000
163,231,000
143,753,000
140,065,000
143,713,000
154,106,000
121,465,000
114,423,000
134,836,000
153,154,000
118,180,000
112,292,000
135,405,000
128,777,000

128,777,000

135,405,000

112,292,000

118,180,000

153,154,000

134,836,000

114,423,000

121,465,000

154,106,000

143,713,000

140,065,000

143,753,000

163,231,000

162,819,000

134,973,000

123,346,000

140,828,000

131,339,000

115,761,000

130,053,000

143,810,000

128,645,000

112,875,000

101,990,000

103,332,000

106,869,000

93,761,000

87,592,000

76,219,000

89,378,000

70,953,000

67,891,000

83,403,000

68,531,000

67,949,000

70,541,000

80,347,000

73,286,000

68,219,000

63,337,000

72,348,000

57,653,000

51,943,000

50,712,000

54,771,000

44,988,000

46,898,000

46,997,000

43,927,000

41,678,000

36,033,000

32,336,000

33,332,000

36,265,000

35,170,000

33,853,000

35,163,000

34,690,000

27,998,000

26,736,000

26,189,000

21,956,000

18,745,000

16,029,000

16,664,000

14,509,000

12,491,000

11,286,000

12,162,000

10,300,000

9,376,000

9,007,000

8,322,000

7,055,000

6,286,000

5,784,000

6,029,000

5,887,000

5,546,000

5,468,000

5,384,000

5,388,000

5,443,000

5,414,000

5,272,000

5,143,000

5,248,000

5,345,000

4,926,000

5,427,000

5,157,000

4,912,000

4,909,000

4,285,000

4,298,000

4,092,000

3,867,000

3,698,000

3,375,000

3,213,000

3,373,000

3,424,000

3,493,000

3,642,000

4,419,000

4,515,000

4,454,000

4,277,000

5,551,000

5,224,000

5,191,000

5,161,000

4,718,000

4,476,452

4,260,000

4,422,000

4,208,007

4,338,400

3,920,400

3,654,600

3,703,300

3,558,400

3,423,200

3,256,900

3,071,600

2,863,600

2,828,300

2,812,900

2,544,000

2,403,300

2,339,000

2,269,700

2,325,500

2,294,400

1,783,000

1,307,400

1,040,900

822,100

Cash And Cash Equivalents

337,000
0
0
0
576,200
0
0
0
565,100
0
0
0
545,700
0
0
0
438,300
410,500
645,800
665,000
374,700
739,300
874,300
773,700
604,100
530,100
766,800
731,300
498,600
584,400
560,600
393,200
676,400
972,388
1,087,000
1,142,000
1,203,488
1,148,000
1,375,000
1,168,000
756,000
824,000
500,000
1,359,000
1,552,000
1,174,000
1,273,000
1,018,000
1,230,000
1,193,000
1,285,000
1,203,000
1,481,000
1,221,000
1,358,000
1,773,000
1,326,000
1,586,000
1,662,000
1,344,000
1,191,000
1,737,000
2,138,000
2,121,000
2,310,000
1,946,000
1,159,000
1,246,000
2,252,000
2,612,000
3,410,000
3,507,000
3,396,000
3,724,000
3,158,000
3,120,000
2,969,000
2,475,000
2,254,000
3,094,000
3,491,000
4,150,000
6,346,000
8,013,000
6,392,000
7,159,000
7,095,000
7,118,000
9,352,000
9,162,000
9,070,000
9,373,000
11,875,000
7,236,000
4,466,000
5,605,000
5,263,000
7,609,000
10,018,000
9,705,000
11,261,000
10,734,000
15,978,000
12,091,000
9,815,000
10,310,000
10,121,000
7,945,000
10,746,000
16,154,000
12,053,000
11,248,000
14,259,000
14,077,000
18,949,000
12,977,000
13,844,000
19,478,000
14,489,000
15,319,000
21,120,000
16,689,000
21,514,000
18,237,000
20,484,000
16,371,000
15,157,000
18,571,000
20,289,000
27,491,000
45,059,000
31,971,000
25,913,000
44,771,000
37,988,000
50,530,000
48,844,000
39,771,000
40,174,000
33,383,000
38,016,000
36,010,000
38,466,000
34,050,000
34,940,000
37,119,000
28,098,000
27,502,000
23,646,000
20,535,000

20,535,000

23,646,000

27,502,000

28,098,000

37,119,000

34,940,000

34,050,000

38,466,000

36,010,000

38,016,000

33,383,000

40,174,000

39,771,000

48,844,000

50,530,000

37,988,000

44,771,000

25,913,000

31,971,000

45,059,000

27,491,000

20,289,000

18,571,000

15,157,000

16,371,000

20,484,000

18,237,000

21,514,000

16,689,000

21,120,000

15,319,000

14,489,000

19,478,000

13,844,000

12,977,000

18,949,000

14,077,000

14,259,000

11,248,000

12,053,000

16,154,000

10,746,000

7,945,000

10,121,000

10,310,000

9,815,000

12,091,000

15,978,000

10,734,000

11,261,000

9,705,000

10,018,000

7,609,000

5,263,000

5,605,000

4,466,000

7,236,000

11,875,000

9,373,000

9,070,000

9,162,000

9,352,000

7,118,000

7,095,000

7,159,000

6,392,000

8,013,000

6,346,000

4,150,000

3,491,000

3,094,000

2,254,000

2,475,000

2,969,000

3,120,000

3,158,000

3,724,000

3,396,000

3,507,000

3,410,000

2,612,000

2,252,000

1,246,000

1,159,000

1,946,000

2,310,000

2,121,000

2,138,000

1,737,000

1,191,000

1,344,000

1,662,000

1,586,000

1,326,000

1,773,000

1,358,000

1,221,000

1,481,000

1,203,000

1,285,000

1,193,000

1,230,000

1,018,000

1,273,000

1,174,000

1,552,000

1,359,000

500,000

824,000

756,000

1,168,000

1,375,000

1,148,000

1,203,488

1,142,000

1,087,000

972,388

676,400

393,200

560,600

584,400

498,600

731,300

766,800

530,100

604,100

773,700

874,300

739,300

374,700

665,000

645,800

410,500

438,300

545,700

565,100

576,200

337,000

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
150,387
19,000
87,000
54,368
439,000
611,000
508,000
196,000
276,000
92,000
0
193,000
633,000
186,000
212,000
229,000
434,000
538,000
790,000
819,000
1,357,000
1,564,000
1,333,000
1,900,000
2,074,000
1,947,000
2,482,000
2,836,000
2,328,000
2,006,000
2,097,000
2,026,000
2,421,000
3,150,000
3,060,000
2,085,000
1,850,000
1,116,000
1,038,000
1,170,000
1,067,000
1,436,000
1,846,000
2,495,000
3,973,000
4,803,000
4,432,000
4,770,000
4,557,000
1,880,000
1,163,000
3,718,000
4,710,000
5,482,000
6,649,000
6,034,000
9,286,000
10,378,000
11,401,000
12,615,000
18,411,000
20,547,000
18,617,000
18,201,000
17,187,000
13,137,000
14,583,000
14,359,000
16,243,000
13,256,000
16,304,000
16,137,000
19,846,000
18,417,000
19,709,000
18,383,000
23,666,000
27,084,000
31,358,000
26,287,000
26,634,000
22,401,000
24,828,000
11,233,000
12,985,000
18,607,000
19,384,000
20,481,000
21,385,000
33,769,000
43,519,000
46,671,000
44,081,000
51,944,000
58,188,000
53,892,000
49,662,000
42,881,000
38,999,000
40,388,000
41,656,000
42,104,000
44,084,000
51,713,000
67,391,000
53,877,000
59,642,000
52,927,000
40,816,000
31,368,000
27,646,000
27,699,000
26,794,000
23,413,000
20,729,000
24,658,000
30,820,000

30,820,000

24,658,000

20,729,000

23,413,000

26,794,000

27,699,000

27,646,000

31,368,000

40,816,000

52,927,000

59,642,000

53,877,000

67,391,000

51,713,000

44,084,000

42,104,000

41,656,000

40,388,000

38,999,000

42,881,000

49,662,000

53,892,000

58,188,000

51,944,000

44,081,000

46,671,000

43,519,000

33,769,000

21,385,000

20,481,000

19,384,000

18,607,000

12,985,000

11,233,000

24,828,000

22,401,000

26,634,000

26,287,000

31,358,000

27,084,000

23,666,000

18,383,000

19,709,000

18,417,000

19,846,000

16,137,000

16,304,000

13,256,000

16,243,000

14,359,000

14,583,000

13,137,000

17,187,000

18,201,000

18,617,000

20,547,000

18,411,000

12,615,000

11,401,000

10,378,000

9,286,000

6,034,000

6,649,000

5,482,000

4,710,000

3,718,000

1,163,000

1,880,000

4,557,000

4,770,000

4,432,000

4,803,000

3,973,000

2,495,000

1,846,000

1,436,000

1,067,000

1,170,000

1,038,000

1,116,000

1,850,000

2,085,000

3,060,000

3,150,000

2,421,000

2,026,000

2,097,000

2,006,000

2,328,000

2,836,000

2,482,000

1,947,000

2,074,000

1,900,000

1,333,000

1,564,000

1,357,000

819,000

790,000

538,000

434,000

229,000

212,000

186,000

633,000

193,000

92,000

276,000

196,000

508,000

611,000

439,000

54,368

87,000

19,000

150,387

Net Receivables

220,200
0
0
0
263,100
0
0
0
405,600
0
0
0
638,800
0
0
0
792,800
749,000
658,800
705,500
761,900
853,500
790,900
767,100
907,200
973,500
873,300
956,600
1,087,200
1,198,700
1,285,700
1,265,400
1,381,900
1,247,954
1,343,000
1,277,000
1,581,347
1,599,000
1,633,000
1,553,000
1,931,000
1,944,000
1,366,000
1,292,000
1,496,000
1,492,000
1,149,000
1,207,000
1,035,000
902,000
807,000
915,000
955,000
913,000
804,000
896,000
681,000
892,000
940,000
967,000
953,000
441,000
637,000
598,000
466,000
498,000
644,000
626,000
565,000
497,000
621,000
674,000
950,000
787,000
758,000
852,000
1,050,000
1,197,000
1,242,000
1,101,000
1,312,000
2,413,000
1,984,000
1,089,000
2,094,000
3,113,000
1,667,000
2,901,000
4,029,000
4,422,000
3,620,000
3,245,000
4,704,000
3,413,000
3,036,000
4,180,000
5,057,000
4,881,000
2,886,000
6,399,000
9,924,000
10,874,000
11,095,000
11,471,000
11,717,000
16,484,000
13,769,000
14,298,000
18,692,000
21,534,000
13,336,000
13,453,000
20,641,000
25,198,000
15,820,000
16,841,000
27,219,000
29,976,000
18,164,000
19,907,000
30,343,000
24,621,000
19,824,000
19,042,000
29,299,000
27,977,000
20,612,000
22,632,000
35,673,000
50,899,000
22,408,000
26,367,000
48,995,000
36,981,000
26,278,000
26,474,000
45,804,000
39,946,000
30,677,000
32,075,000
37,445,000
58,620,000
33,036,000
33,908,000
51,506,000
65,253,000
45,400,000
42,242,000
60,932,000
54,180,000

54,180,000

60,932,000

42,242,000

45,400,000

65,253,000

51,506,000

33,908,000

33,036,000

58,620,000

37,445,000

32,075,000

30,677,000

39,946,000

45,804,000

26,474,000

26,278,000

36,981,000

48,995,000

26,367,000

22,408,000

50,899,000

35,673,000

22,632,000

20,612,000

27,977,000

29,299,000

19,042,000

19,824,000

24,621,000

30,343,000

19,907,000

18,164,000

29,976,000

27,219,000

16,841,000

15,820,000

25,198,000

20,641,000

13,453,000

13,336,000

21,534,000

18,692,000

14,298,000

13,769,000

16,484,000

11,717,000

11,471,000

11,095,000

10,874,000

9,924,000

6,399,000

2,886,000

4,881,000

5,057,000

4,180,000

3,036,000

3,413,000

4,704,000

3,245,000

3,620,000

4,422,000

4,029,000

2,901,000

1,667,000

3,113,000

2,094,000

1,089,000

1,984,000

2,413,000

1,312,000

1,101,000

1,242,000

1,197,000

1,050,000

852,000

758,000

787,000

950,000

674,000

621,000

497,000

565,000

626,000

644,000

498,000

466,000

598,000

637,000

441,000

953,000

967,000

940,000

892,000

681,000

896,000

804,000

913,000

955,000

915,000

807,000

902,000

1,035,000

1,207,000

1,149,000

1,492,000

1,496,000

1,292,000

1,366,000

1,944,000

1,931,000

1,553,000

1,633,000

1,599,000

1,581,347

1,277,000

1,343,000

1,247,954

1,381,900

1,265,400

1,285,700

1,198,700

1,087,200

956,600

873,300

973,500

907,200

767,100

790,900

853,500

761,900

705,500

658,800

749,000

792,800

638,800

405,600

263,100

220,200

Inventory

167,000
0
0
0
108,700
0
0
0
225,800
0
0
0
461,500
0
0
0
475,400
426,600
312,500
291,900
355,500
408,500
620,900
733,300
671,700
643,300
542,500
535,800
580,100
596,600
876,800
1,238,700
1,506,600
1,338,637
1,287,000
1,197,000
1,088,434
1,084,000
984,000
1,367,000
1,775,000
1,947,000
1,466,000
1,061,000
662,000
488,000
509,000
534,000
437,000
404,000
257,000
129,000
78,000
25,000
18,000
7,000
20,000
15,000
10,000
5,000
33,000
21,000
10,000
19,000
11,000
23,000
26,000
34,000
45,000
44,000
41,000
38,000
56,000
89,000
63,000
72,000
101,000
156,000
164,000
193,000
165,000
244,000
204,000
213,000
270,000
303,000
208,000
251,000
346,000
459,000
364,000
545,000
509,000
396,000
312,000
380,000
455,000
576,000
638,000
942,000
1,051,000
885,000
930,000
889,000
776,000
1,236,000
1,102,000
1,122,000
791,000
1,455,000
1,245,000
1,697,000
1,764,000
2,122,000
1,829,000
1,594,000
2,111,000
2,283,000
2,396,000
2,042,000
2,349,000
2,451,000
2,281,000
1,831,000
2,132,000
2,712,000
2,910,000
3,146,000
4,855,000
4,421,000
7,662,000
5,936,000
3,956,000
4,988,000
4,884,000
3,355,000
4,106,000
4,097,000
3,334,000
3,978,000
4,061,000
4,973,000
5,219,000
5,178,000
6,580,000
5,876,000
5,460,000
5,433,000
4,946,000
6,820,000

6,820,000

4,946,000

5,433,000

5,460,000

5,876,000

6,580,000

5,178,000

5,219,000

4,973,000

4,061,000

3,978,000

3,334,000

4,097,000

4,106,000

3,355,000

4,884,000

4,988,000

3,956,000

5,936,000

7,662,000

4,421,000

4,855,000

3,146,000

2,910,000

2,712,000

2,132,000

1,831,000

2,281,000

2,451,000

2,349,000

2,042,000

2,396,000

2,283,000

2,111,000

1,594,000

1,829,000

2,122,000

1,764,000

1,697,000

1,245,000

1,455,000

791,000

1,122,000

1,102,000

1,236,000

776,000

889,000

930,000

885,000

1,051,000

942,000

638,000

576,000

455,000

380,000

312,000

396,000

509,000

545,000

364,000

459,000

346,000

251,000

208,000

303,000

270,000

213,000

204,000

244,000

165,000

193,000

164,000

156,000

101,000

72,000

63,000

89,000

56,000

38,000

41,000

44,000

45,000

34,000

26,000

23,000

11,000

19,000

10,000

21,000

33,000

5,000

10,000

15,000

20,000

7,000

18,000

25,000

78,000

129,000

257,000

404,000

437,000

534,000

509,000

488,000

662,000

1,061,000

1,466,000

1,947,000

1,775,000

1,367,000

984,000

1,084,000

1,088,434

1,197,000

1,287,000

1,338,637

1,506,600

1,238,700

876,800

596,600

580,100

535,800

542,500

643,300

671,700

733,300

620,900

408,500

355,500

291,900

312,500

426,600

475,400

461,500

225,800

108,700

167,000

Other Current Assets

97,900
0
0
0
92,900
0
0
0
110,900
0
0
0
137,000
0
0
0
587,900
739,400
652,600
676,600
911,200
542,700
526,800
554,200
680,600
924,700
1,074,300
1,199,500
1,392,500
1,323,600
931,500
1,023,100
773,500
498,641
686,000
557,000
548,815
448,000
558,000
595,000
566,000
560,000
853,000
742,000
612,000
632,000
525,000
522,000
493,000
440,000
326,000
338,000
365,000
351,000
348,000
289,000
358,000
342,000
353,000
359,000
414,000
399,000
554,000
413,000
330,000
384,000
435,000
477,000
441,000
381,000
280,000
289,000
315,000
362,000
369,000
396,000
440,000
521,000
544,000
556,000
562,000
798,000
872,000
1,008,000
1,284,000
1,379,000
1,577,000
1,826,000
2,195,000
2,860,000
3,304,000
3,434,000
4,987,000
5,707,000
5,492,000
6,388,000
7,289,000
3,079,000
5,657,000
4,404,000
5,083,000
5,191,000
5,738,000
6,143,000
6,543,000
6,895,000
7,303,000
8,869,000
9,041,000
9,539,000
9,619,000
10,463,000
10,335,000
12,316,000
11,542,000
11,709,000
14,124,000
18,681,000
14,235,000
14,301,000
15,085,000
11,073,000
10,204,000
11,132,000
8,283,000
12,191,000
11,367,000
10,338,000
13,936,000
11,337,000
12,043,000
12,488,000
12,087,000
12,432,000
12,092,000
10,530,000
12,352,000
12,026,000
15,691,000
10,987,000
11,264,000
13,687,000
13,376,000
13,641,000
14,111,000
18,112,000
15,809,000
16,386,000
21,223,000
16,422,000

16,422,000

21,223,000

16,386,000

15,809,000

18,112,000

14,111,000

13,641,000

13,376,000

13,687,000

11,264,000

10,987,000

15,691,000

12,026,000

12,352,000

10,530,000

12,092,000

12,432,000

12,087,000

12,488,000

12,043,000

11,337,000

13,936,000

10,338,000

11,367,000

12,191,000

8,283,000

11,132,000

10,204,000

11,073,000

15,085,000

14,301,000

14,235,000

18,681,000

14,124,000

11,709,000

11,542,000

12,316,000

10,335,000

10,463,000

9,619,000

9,539,000

9,041,000

8,869,000

7,303,000

6,895,000

6,543,000

6,143,000

5,738,000

5,191,000

5,083,000

4,404,000

5,657,000

3,079,000

7,289,000

6,388,000

5,492,000

5,707,000

4,987,000

3,434,000

3,304,000

2,860,000

2,195,000

1,826,000

1,577,000

1,379,000

1,284,000

1,008,000

872,000

798,000

562,000

556,000

544,000

521,000

440,000

396,000

369,000

362,000

315,000

289,000

280,000

381,000

441,000

477,000

435,000

384,000

330,000

413,000

554,000

399,000

414,000

359,000

353,000

342,000

358,000

289,000

348,000

351,000

365,000

338,000

326,000

440,000

493,000

522,000

525,000

632,000

612,000

742,000

853,000

560,000

566,000

595,000

558,000

448,000

548,815

557,000

686,000

498,641

773,500

1,023,100

931,500

1,323,600

1,392,500

1,199,500

1,074,300

924,700

680,600

554,200

526,800

542,700

911,200

676,600

652,600

739,400

587,900

137,000

110,900

92,900

97,900

> Long-term Assets

114,100
0
0
0
119,200
0
0
0
170,500
0
0
0
299,100
0
0
0
449,500
487,800
506,000
550,500
572,400
613,300
609,300
627,200
630,000
673,900
684,000
698,000
665,300
791,300
815,500
847,600
833,000
834,433
864,000
863,000
826,294
815,000
889,000
921,000
1,007,000
1,002,000
957,000
891,000
849,000
853,000
845,000
848,000
809,000
753,000
750,000
666,000
591,000
725,000
843,000
721,000
876,000
2,677,000
2,095,000
1,775,000
1,376,000
1,060,000
785,000
823,000
878,000
850,000
850,000
850,000
910,000
885,000
893,000
895,000
928,000
942,000
951,000
937,000
995,000
1,040,000
1,104,000
1,112,000
1,251,000
2,019,000
2,625,000
2,623,000
2,696,000
2,797,000
2,682,000
2,902,000
3,391,000
3,850,000
3,735,000
3,711,000
4,882,000
7,624,000
9,384,000
12,970,000
17,586,000
20,594,000
24,721,000
28,692,000
33,505,000
42,815,000
47,907,000
59,860,000
71,383,000
83,910,000
100,222,000
110,953,000
118,411,000
123,740,000
131,406,000
131,637,000
133,714,000
144,837,000
135,448,000
154,571,000
163,308,000
178,491,000
193,303,000
202,198,000
201,101,000
217,065,000
217,685,000
211,841,000
214,817,000
227,809,000
232,542,000
232,298,000
246,674,000
262,984,000
237,449,000
233,436,000
234,386,000
232,891,000
218,652,000
187,266,000
175,697,000
177,387,000
176,647,000
177,279,000
180,175,000
199,948,000
215,693,000
215,417,000
216,166,000
228,037,000
232,482,000
224,017,000
217,350,000
217,970,000

217,970,000

217,350,000

224,017,000

232,482,000

228,037,000

216,166,000

215,417,000

215,693,000

199,948,000

180,175,000

177,279,000

176,647,000

177,387,000

175,697,000

187,266,000

218,652,000

232,891,000

234,386,000

233,436,000

237,449,000

262,984,000

246,674,000

232,298,000

232,542,000

227,809,000

214,817,000

211,841,000

217,685,000

217,065,000

201,101,000

202,198,000

193,303,000

178,491,000

163,308,000

154,571,000

135,448,000

144,837,000

133,714,000

131,637,000

131,406,000

123,740,000

118,411,000

110,953,000

100,222,000

83,910,000

71,383,000

59,860,000

47,907,000

42,815,000

33,505,000

28,692,000

24,721,000

20,594,000

17,586,000

12,970,000

9,384,000

7,624,000

4,882,000

3,711,000

3,735,000

3,850,000

3,391,000

2,902,000

2,682,000

2,797,000

2,696,000

2,623,000

2,625,000

2,019,000

1,251,000

1,112,000

1,104,000

1,040,000

995,000

937,000

951,000

942,000

928,000

895,000

893,000

885,000

910,000

850,000

878,000

823,000

785,000

1,060,000

1,376,000

1,775,000

2,095,000

2,677,000

876,000

721,000

843,000

725,000

591,000

666,000

750,000

753,000

809,000

848,000

845,000

853,000

849,000

891,000

957,000

1,002,000

1,007,000

921,000

889,000

815,000

826,294

863,000

864,000

834,433

833,000

847,600

815,500

791,300

665,300

698,000

684,000

673,900

630,000

627,200

609,300

613,300

572,400

550,500

506,000

487,800

449,500

299,100

170,500

119,200

114,100

Property Plant Equipment

90,400
0
0
0
107,300
0
0
0
130,400
0
0
0
207,400
0
0
0
334,200
361,900
368,300
378,700
398,200
436,300
435,900
445,100
448,000
456,100
457,900
467,900
462,200
639,300
650,300
659,500
659,500
642,336
677,000
665,000
667,100
661,000
663,000
691,000
711,000
712,000
692,000
615,000
598,000
593,000
556,000
540,000
486,000
429,000
415,000
365,000
348,000
344,000
330,000
313,000
318,000
318,000
314,000
314,000
313,000
325,000
331,000
347,000
564,000
573,000
587,000
589,000
621,000
605,000
619,000
639,000
669,000
684,000
687,000
684,000
707,000
735,000
742,000
764,000
817,000
855,000
1,005,000
1,197,000
1,281,000
1,362,000
1,409,000
1,626,000
1,832,000
1,870,000
1,962,000
2,177,000
2,455,000
2,580,000
2,546,000
2,653,000
2,954,000
3,115,000
3,504,000
3,990,000
4,768,000
5,868,000
6,241,000
6,749,000
7,777,000
7,816,000
8,847,000
10,487,000
15,452,000
15,422,000
15,026,000
16,327,000
16,597,000
15,488,000
15,120,000
17,585,000
20,624,000
20,392,000
20,151,000
21,149,000
22,471,000
22,300,000
23,203,000
25,448,000
27,010,000
26,510,000
27,163,000
29,286,000
33,783,000
33,679,000
35,077,000
38,117,000
41,304,000
39,597,000
38,746,000
37,636,000
37,378,000
37,031,000
35,889,000
35,687,000
36,766,000
37,933,000
37,815,000
38,615,000
39,440,000
39,245,000
39,304,000
40,335,000
42,117,000
42,951,000

42,951,000

42,117,000

40,335,000

39,304,000

39,245,000

39,440,000

38,615,000

37,815,000

37,933,000

36,766,000

35,687,000

35,889,000

37,031,000

37,378,000

37,636,000

38,746,000

39,597,000

41,304,000

38,117,000

35,077,000

33,679,000

33,783,000

29,286,000

27,163,000

26,510,000

27,010,000

25,448,000

23,203,000

22,300,000

22,471,000

21,149,000

20,151,000

20,392,000

20,624,000

17,585,000

15,120,000

15,488,000

16,597,000

16,327,000

15,026,000

15,422,000

15,452,000

10,487,000

8,847,000

7,816,000

7,777,000

6,749,000

6,241,000

5,868,000

4,768,000

3,990,000

3,504,000

3,115,000

2,954,000

2,653,000

2,546,000

2,580,000

2,455,000

2,177,000

1,962,000

1,870,000

1,832,000

1,626,000

1,409,000

1,362,000

1,281,000

1,197,000

1,005,000

855,000

817,000

764,000

742,000

735,000

707,000

684,000

687,000

684,000

669,000

639,000

619,000

605,000

621,000

589,000

587,000

573,000

564,000

347,000

331,000

325,000

313,000

314,000

318,000

313,000

330,000

344,000

348,000

365,000

415,000

429,000

486,000

540,000

556,000

593,000

598,000

615,000

692,000

712,000

711,000

691,000

663,000

661,000

667,100

665,000

677,000

642,336

659,500

650,300

639,300

462,200

467,900

457,900

456,100

448,000

445,100

435,900

436,300

398,200

378,700

368,300

361,900

334,200

207,400

130,400

107,300

90,400

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
135,000
146,000
76,000
75,000
81,000
99,000
119,000
85,000
85,000
85,000
85,000
85,000
85,000
80,000
80,000
80,000
80,000
80,000
69,000
69,000
69,000
38,000
38,000
38,000
38,000
38,000
38,000
38,000
38,000
38,000
207,000
207,000
207,000
207,000
206,000
253,000
480,000
714,000
741,000
741,000
741,000
741,000
896,000
896,000
1,141,000
1,132,000
1,135,000
1,381,000
1,400,000
1,522,000
1,577,000
2,022,000
2,055,000
2,374,000
4,616,000
4,629,000
4,711,000
5,044,000
5,116,000
5,202,000
5,249,000
5,261,000
5,414,000
5,423,000
5,473,000
5,661,000
5,717,000
5,889,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

5,889,000

5,717,000

5,661,000

5,473,000

5,423,000

5,414,000

5,261,000

5,249,000

5,202,000

5,116,000

5,044,000

4,711,000

4,629,000

4,616,000

2,374,000

2,055,000

2,022,000

1,577,000

1,522,000

1,400,000

1,381,000

1,135,000

1,132,000

1,141,000

896,000

741,000

714,000

480,000

253,000

206,000

207,000

38,000

69,000

80,000

85,000

119,000

99,000

81,000

75,000

76,000

146,000

135,000

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,899,000
10,528,000
15,024,000
18,549,000
21,551,000
25,391,000
32,730,000
36,533,000
47,761,000
55,618,000
67,445,000
81,638,000
89,567,000
92,122,000
97,292,000
105,550,000
104,014,000
106,215,000
118,131,000
109,239,000
126,685,000
130,162,000
145,492,000
160,443,000
168,145,000
164,065,000
177,665,000
177,645,000
169,764,000
170,430,000
185,638,000
189,740,000
184,757,000
194,714,000
207,944,000
179,286,000
172,773,000
170,799,000
158,608,000
145,319,000
115,996,000
105,341,000
99,899,000
98,793,000
100,592,000
100,887,000
118,745,000
134,539,000
131,948,000
127,877,000
138,683,000
141,219,000
131,077,000
120,805,000
114,095,000

114,095,000

120,805,000

131,077,000

141,219,000

138,683,000

127,877,000

131,948,000

134,539,000

118,745,000

100,887,000

100,592,000

98,793,000

99,899,000

105,341,000

115,996,000

145,319,000

158,608,000

170,799,000

172,773,000

179,286,000

207,944,000

194,714,000

184,757,000

189,740,000

185,638,000

170,430,000

169,764,000

177,645,000

177,665,000

164,065,000

168,145,000

160,443,000

145,492,000

130,162,000

126,685,000

109,239,000

118,131,000

106,215,000

104,014,000

105,550,000

97,292,000

92,122,000

89,567,000

81,638,000

67,445,000

55,618,000

47,761,000

36,533,000

32,730,000

25,391,000

21,551,000

18,549,000

15,024,000

10,528,000

6,899,000

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
135,000
146,000
76,000
76,000
81,000
99,000
119,000
31,000
29,000
27,000
24,000
22,000
21,000
19,000
17,000
16,000
33,000
29,000
27,000
24,000
41,000
37,000
139,000
146,000
240,000
237,000
299,000
311,000
300,000
291,000
285,000
277,000
268,000
259,000
247,000
241,000
263,000
318,000
342,000
522,000
507,000
1,169,000
3,536,000
3,472,000
3,604,000
4,329,000
4,224,000
4,462,000
4,136,000
4,353,000
4,179,000
4,105,000
3,928,000
3,767,000
4,142,000
4,370,000
4,061,000
3,779,000
3,893,000
3,924,000
3,843,000
3,506,000
3,206,000
2,848,000
2,617,000
2,444,000
2,298,000
2,149,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

2,149,000

2,298,000

2,444,000

2,617,000

2,848,000

3,206,000

3,506,000

3,843,000

3,924,000

3,893,000

3,779,000

4,061,000

4,370,000

4,142,000

3,767,000

3,928,000

4,105,000

4,179,000

4,353,000

4,136,000

4,462,000

4,224,000

4,329,000

3,604,000

3,472,000

3,536,000

1,169,000

507,000

522,000

342,000

318,000

263,000

241,000

247,000

259,000

268,000

277,000

285,000

291,000

300,000

311,000

299,000

237,000

240,000

146,000

139,000

37,000

41,000

24,000

27,000

29,000

33,000

16,000

17,000

19,000

21,000

22,000

24,000

27,000

29,000

31,000

119,000

99,000

81,000

76,000

146,000

135,000

Long-term Assets Other

23,700
0
0
0
11,900
0
0
0
40,100
0
0
0
91,700
0
0
0
115,300
125,900
137,700
171,800
174,200
177,000
173,400
182,100
182,000
217,800
226,100
230,100
203,100
152,000
165,200
188,100
173,500
192,097
-513,000
-458,000
159,194
-578,000
226,000
230,000
-406,000
-460,000
-337,000
-174,000
-103,000
-76,000
7,000
24,000
59,000
63,000
97,000
88,000
70,000
150,000
252,000
198,000
11,000
-688,000
-402,000
-358,000
1,063,000
-38,000
319,000
330,000
-156,000
-86,000
-127,000
-79,000
-98,000
136,000
70,000
71,000
85,000
94,000
103,000
103,000
105,000
128,000
161,000
151,000
155,000
949,000
1,376,000
1,351,000
1,293,000
1,203,000
968,000
972,000
1,134,000
1,441,000
1,373,000
1,134,000
1,797,000
1,937,000
2,318,000
2,726,000
3,392,000
1,831,000
1,796,000
2,119,000
2,263,000
2,954,000
3,885,000
3,440,000
3,556,000
4,281,000
4,992,000
5,438,000
5,478,000
5,183,000
5,294,000
5,421,000
5,146,000
5,091,000
5,106,000
4,160,000
3,764,000
3,608,000
3,937,000
4,081,000
5,556,000
7,974,000
7,745,000
7,862,000
8,757,000
7,390,000
7,549,000
10,150,000
10,162,000
13,323,000
23,086,000
22,546,000
22,283,000
34,686,000
34,587,000
33,634,000
32,978,000
40,457,000
41,965,000
41,000,000
42,522,000
43,270,000
43,339,000
44,854,000
48,849,000
50,109,000
51,959,000
52,605,000
54,428,000
60,924,000

60,924,000

54,428,000

52,605,000

51,959,000

50,109,000

48,849,000

44,854,000

43,339,000

43,270,000

42,522,000

41,000,000

41,965,000

40,457,000

32,978,000

33,634,000

34,587,000

34,686,000

22,283,000

22,546,000

23,086,000

13,323,000

10,162,000

10,150,000

7,549,000

7,390,000

8,757,000

7,862,000

7,745,000

7,974,000

5,556,000

4,081,000

3,937,000

3,608,000

3,764,000

4,160,000

5,106,000

5,091,000

5,146,000

5,421,000

5,294,000

5,183,000

5,478,000

5,438,000

4,992,000

4,281,000

3,556,000

3,440,000

3,885,000

2,954,000

2,263,000

2,119,000

1,796,000

1,831,000

3,392,000

2,726,000

2,318,000

1,937,000

1,797,000

1,134,000

1,373,000

1,441,000

1,134,000

972,000

968,000

1,203,000

1,293,000

1,351,000

1,376,000

949,000

155,000

151,000

161,000

128,000

105,000

103,000

94,000

85,000

71,000

70,000

136,000

-98,000

-79,000

-127,000

-86,000

-156,000

330,000

319,000

-38,000

1,063,000

-358,000

-402,000

-688,000

11,000

198,000

252,000

150,000

70,000

88,000

97,000

63,000

59,000

24,000

7,000

-76,000

-103,000

-174,000

-337,000

-460,000

-406,000

230,000

226,000

-578,000

159,194

-458,000

-513,000

192,097

173,500

188,100

165,200

152,000

203,100

230,100

226,100

217,800

182,000

182,100

173,400

177,000

174,200

171,800

137,700

125,900

115,300

91,700

40,100

11,900

23,700

> Total Liabilities

385,700
0
0
0
466,000
0
0
0
641,400
0
0
0
1,078,700
0
0
0
1,258,200
1,289,500
1,224,800
1,382,700
1,528,900
1,612,200
1,607,800
1,789,200
1,726,900
1,822,700
1,853,900
1,999,800
2,036,300
2,211,800
2,183,900
2,747,500
3,145,000
2,989,181
3,177,000
2,878,000
2,919,445
2,971,000
3,336,000
3,284,000
3,330,000
3,759,000
3,178,000
3,325,000
3,306,000
3,330,000
3,245,000
3,145,000
3,033,000
2,882,000
2,575,000
2,555,000
2,647,000
2,669,000
2,760,000
2,049,000
2,057,000
3,172,000
2,792,000
2,756,000
2,696,000
2,274,000
2,392,000
2,213,000
2,101,000
2,156,000
2,250,000
2,227,000
2,203,000
2,153,000
2,222,000
2,243,000
2,592,000
2,641,000
2,245,000
2,411,000
2,974,000
3,572,000
3,725,000
3,667,000
4,085,000
5,801,000
5,229,000
5,784,000
7,221,000
8,233,000
6,450,000
8,243,000
10,815,000
13,235,000
12,418,000
12,087,000
18,542,000
19,878,000
18,926,000
22,252,000
26,019,000
18,158,000
17,709,000
21,614,000
27,392,000
32,076,000
33,427,000
37,415,000
39,756,000
48,627,000
48,436,000
51,150,000
57,854,000
68,742,000
59,253,000
76,502,000
83,451,000
95,500,000
85,810,000
101,580,000
120,292,000
138,566,000
132,188,000
147,474,000
171,124,000
165,017,000
174,820,000
179,061,000
193,437,000
198,751,000
200,450,000
212,748,000
241,272,000
266,595,000
240,624,000
234,248,000
258,578,000
255,827,000
236,138,000
225,783,000
248,028,000
251,087,000
241,975,000
245,062,000
258,549,000
287,830,000
267,980,000
265,560,000
287,912,000
309,259,000
283,263,000
278,202,000
302,083,000
290,020,000

290,020,000

302,083,000

278,202,000

283,263,000

309,259,000

287,912,000

265,560,000

267,980,000

287,830,000

258,549,000

245,062,000

241,975,000

251,087,000

248,028,000

225,783,000

236,138,000

255,827,000

258,578,000

234,248,000

240,624,000

266,595,000

241,272,000

212,748,000

200,450,000

198,751,000

193,437,000

179,061,000

174,820,000

165,017,000

171,124,000

147,474,000

132,188,000

138,566,000

120,292,000

101,580,000

85,810,000

95,500,000

83,451,000

76,502,000

59,253,000

68,742,000

57,854,000

51,150,000

48,436,000

48,627,000

39,756,000

37,415,000

33,427,000

32,076,000

27,392,000

21,614,000

17,709,000

18,158,000

26,019,000

22,252,000

18,926,000

19,878,000

18,542,000

12,087,000

12,418,000

13,235,000

10,815,000

8,243,000

6,450,000

8,233,000

7,221,000

5,784,000

5,229,000

5,801,000

4,085,000

3,667,000

3,725,000

3,572,000

2,974,000

2,411,000

2,245,000

2,641,000

2,592,000

2,243,000

2,222,000

2,153,000

2,203,000

2,227,000

2,250,000

2,156,000

2,101,000

2,213,000

2,392,000

2,274,000

2,696,000

2,756,000

2,792,000

3,172,000

2,057,000

2,049,000

2,760,000

2,669,000

2,647,000

2,555,000

2,575,000

2,882,000

3,033,000

3,145,000

3,245,000

3,330,000

3,306,000

3,325,000

3,178,000

3,759,000

3,330,000

3,284,000

3,336,000

2,971,000

2,919,445

2,878,000

3,177,000

2,989,181

3,145,000

2,747,500

2,183,900

2,211,800

2,036,300

1,999,800

1,853,900

1,822,700

1,726,900

1,789,200

1,607,800

1,612,200

1,528,900

1,382,700

1,224,800

1,289,500

1,258,200

1,078,700

641,400

466,000

385,700

> Total Current Liabilities

295,400
0
0
0
328,500
0
0
0
478,700
0
0
0
827,100
0
0
0
895,300
892,700
774,300
886,900
1,027,000
1,072,300
996,200
1,286,800
1,217,100
1,270,800
1,250,900
1,357,700
1,425,500
1,537,800
1,469,500
2,097,200
2,515,200
2,328,161
2,172,000
1,917,000
1,944,305
1,935,000
2,243,000
2,178,000
2,325,000
2,705,000
2,273,000
1,926,000
2,003,000
2,044,000
2,011,000
1,910,000
1,818,000
1,669,000
1,384,000
1,389,000
1,520,000
1,484,000
1,544,000
1,539,000
1,549,000
1,965,000
1,853,000
1,873,000
1,933,000
1,637,000
1,795,000
1,614,000
1,518,000
1,579,000
1,709,000
1,718,000
1,658,000
1,595,000
2,007,000
2,025,000
2,357,000
2,382,000
1,980,000
2,155,000
2,680,000
3,224,000
3,352,000
3,123,000
3,484,000
5,060,000
4,456,000
5,023,000
6,471,000
7,337,000
5,485,000
6,992,000
9,299,000
10,535,000
9,634,000
9,218,000
14,092,000
14,757,000
13,751,000
16,661,000
19,282,000
13,097,000
12,229,000
15,612,000
20,722,000
23,795,000
24,327,000
26,859,000
27,970,000
34,607,000
32,036,000
33,060,000
38,542,000
46,879,000
35,508,000
36,319,000
43,658,000
53,769,000
43,208,000
46,205,000
63,448,000
73,611,000
58,729,000
65,285,000
80,610,000
76,092,000
68,265,000
71,486,000
79,006,000
84,130,000
73,342,000
81,302,000
100,814,000
115,788,000
89,320,000
88,548,000
116,866,000
108,283,000
93,772,000
89,704,000
105,718,000
102,161,000
96,094,000
95,318,000
105,392,000
132,507,000
106,385,000
107,754,000
125,481,000
147,574,000
127,508,000
129,873,000
153,982,000
137,286,000

137,286,000

153,982,000

129,873,000

127,508,000

147,574,000

125,481,000

107,754,000

106,385,000

132,507,000

105,392,000

95,318,000

96,094,000

102,161,000

105,718,000

89,704,000

93,772,000

108,283,000

116,866,000

88,548,000

89,320,000

115,788,000

100,814,000

81,302,000

73,342,000

84,130,000

79,006,000

71,486,000

68,265,000

76,092,000

80,610,000

65,285,000

58,729,000

73,611,000

63,448,000

46,205,000

43,208,000

53,769,000

43,658,000

36,319,000

35,508,000

46,879,000

38,542,000

33,060,000

32,036,000

34,607,000

27,970,000

26,859,000

24,327,000

23,795,000

20,722,000

15,612,000

12,229,000

13,097,000

19,282,000

16,661,000

13,751,000

14,757,000

14,092,000

9,218,000

9,634,000

10,535,000

9,299,000

6,992,000

5,485,000

7,337,000

6,471,000

5,023,000

4,456,000

5,060,000

3,484,000

3,123,000

3,352,000

3,224,000

2,680,000

2,155,000

1,980,000

2,382,000

2,357,000

2,025,000

2,007,000

1,595,000

1,658,000

1,718,000

1,709,000

1,579,000

1,518,000

1,614,000

1,795,000

1,637,000

1,933,000

1,873,000

1,853,000

1,965,000

1,549,000

1,539,000

1,544,000

1,484,000

1,520,000

1,389,000

1,384,000

1,669,000

1,818,000

1,910,000

2,011,000

2,044,000

2,003,000

1,926,000

2,273,000

2,705,000

2,325,000

2,178,000

2,243,000

1,935,000

1,944,305

1,917,000

2,172,000

2,328,161

2,515,200

2,097,200

1,469,500

1,537,800

1,425,500

1,357,700

1,250,900

1,270,800

1,217,100

1,286,800

996,200

1,072,300

1,027,000

886,900

774,300

892,700

895,300

827,100

478,700

328,500

295,400

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
127,900
0
0
0
56,800
67,900
20,000
24,900
122,600
23,000
6,000
156,300
148,600
45,700
136,300
180,200
184,500
190,600
59,900
308,200
823,200
752,257
491,000
516,000
292,200
209,000
627,000
406,000
461,000
498,000
352,000
187,000
186,000
180,000
133,000
127,000
25,000
24,000
23,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
310,000
307,000
304,000
302,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,010,000
6,308,000
3,899,000
3,799,000
6,999,000
10,999,000
9,759,000
10,498,000
15,996,000
11,605,000
13,992,000
13,991,000
18,475,000
18,473,000
18,478,000
20,478,000
17,472,000
20,748,000
21,741,000
22,429,000
23,482,000
16,240,000
15,214,000
20,421,000
18,675,000
13,769,000
12,762,000
13,003,000
16,039,000
15,613,000
16,169,000
16,658,000
24,991,000
21,110,000
11,483,000

11,483,000

21,110,000

24,991,000

16,658,000

16,169,000

15,613,000

16,039,000

13,003,000

12,762,000

13,769,000

18,675,000

20,421,000

15,214,000

16,240,000

23,482,000

22,429,000

21,741,000

20,748,000

17,472,000

20,478,000

18,478,000

18,473,000

18,475,000

13,991,000

13,992,000

11,605,000

15,996,000

10,498,000

9,759,000

10,999,000

6,999,000

3,799,000

3,899,000

6,308,000

2,010,000

302,000

304,000

307,000

310,000

23,000

24,000

25,000

127,000

133,000

180,000

186,000

187,000

352,000

498,000

461,000

406,000

627,000

209,000

292,200

516,000

491,000

752,257

823,200

308,200

59,900

190,600

184,500

180,200

136,300

45,700

148,600

156,300

6,000

23,000

122,600

24,900

20,000

67,900

56,800

127,900

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
35,295,000
0
0
0
2,513,000
0
10,498,000
15,996,000
3,500,000
13,992,000
13,991,000
108,603,000
6,496,000
6,498,000
8,498,000
5,498,000
8,784,000
9,772,000
22,429,000
23,482,000
16,240,000
15,214,000
20,421,000
18,675,000
13,769,000
12,762,000
13,003,000
16,039,000
15,613,000
16,169,000
16,658,000
24,991,000
21,110,000
11,483,000

11,483,000

21,110,000

24,991,000

16,658,000

16,169,000

15,613,000

16,039,000

13,003,000

12,762,000

13,769,000

18,675,000

20,421,000

15,214,000

16,240,000

23,482,000

22,429,000

9,772,000

8,784,000

5,498,000

8,498,000

6,498,000

6,496,000

108,603,000

13,991,000

13,992,000

3,500,000

15,996,000

10,498,000

2,513,000

35,295,000

Accounts payable

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
334,200
258,700
235,800
279,100
340,600
417,300
421,000
361,700
357,100
400,800
341,000
389,400
426,900
467,200
613,700
659,500
742,600
739,599
762,000
696,000
881,717
956,000
854,000
1,048,000
1,165,000
1,431,000
817,000
762,000
791,000
820,000
840,000
812,000
685,000
655,000
523,000
573,000
719,000
655,000
791,000
792,000
812,000
1,174,000
1,111,000
1,040,000
1,157,000
637,000
961,000
847,000
801,000
830,000
987,000
904,000
911,000
817,000
921,000
880,000
1,154,000
1,085,000
991,000
1,061,000
1,451,000
1,737,000
1,773,000
1,530,000
1,779,000
2,896,000
2,108,000
2,513,000
3,390,000
3,885,000
2,403,000
3,660,000
4,970,000
5,366,000
4,154,000
3,683,000
5,520,000
4,715,000
3,976,000
4,854,000
5,601,000
6,511,000
5,666,000
8,469,000
12,015,000
14,301,000
13,714,000
15,270,000
14,632,000
18,221,000
17,011,000
16,808,000
21,175,000
26,398,000
14,912,000
15,516,000
22,367,000
29,588,000
18,914,000
20,535,000
30,196,000
38,001,000
23,159,000
26,474,000
35,490,000
33,312,000
25,098,000
26,318,000
37,294,000
38,510,000
28,573,000
31,915,000
49,049,000
62,985,000
34,311,000
38,489,000
55,888,000
44,293,000
30,443,000
29,115,000
46,236,000
45,111,000
32,421,000
35,325,000
42,296,000
63,846,000
40,127,000
40,409,000
54,763,000
74,362,000
52,682,000
48,343,000
64,115,000
57,918,000

57,918,000

64,115,000

48,343,000

52,682,000

74,362,000

54,763,000

40,409,000

40,127,000

63,846,000

42,296,000

35,325,000

32,421,000

45,111,000

46,236,000

29,115,000

30,443,000

44,293,000

55,888,000

38,489,000

34,311,000

62,985,000

49,049,000

31,915,000

28,573,000

38,510,000

37,294,000

26,318,000

25,098,000

33,312,000

35,490,000

26,474,000

23,159,000

38,001,000

30,196,000

20,535,000

18,914,000

29,588,000

22,367,000

15,516,000

14,912,000

26,398,000

21,175,000

16,808,000

17,011,000

18,221,000

14,632,000

15,270,000

13,714,000

14,301,000

12,015,000

8,469,000

5,666,000

6,511,000

5,601,000

4,854,000

3,976,000

4,715,000

5,520,000

3,683,000

4,154,000

5,366,000

4,970,000

3,660,000

2,403,000

3,885,000

3,390,000

2,513,000

2,108,000

2,896,000

1,779,000

1,530,000

1,773,000

1,737,000

1,451,000

1,061,000

991,000

1,085,000

1,154,000

880,000

921,000

817,000

911,000

904,000

987,000

830,000

801,000

847,000

961,000

637,000

1,157,000

1,040,000

1,111,000

1,174,000

812,000

792,000

791,000

655,000

719,000

573,000

523,000

655,000

685,000

812,000

840,000

820,000

791,000

762,000

817,000

1,431,000

1,165,000

1,048,000

854,000

956,000

881,717

696,000

762,000

739,599

742,600

659,500

613,700

467,200

426,900

389,400

341,000

400,800

357,100

361,700

421,000

417,300

340,600

279,100

235,800

258,700

334,200

Other Current Liabilities

295,400
0
0
0
328,500
0
0
0
478,700
0
0
0
699,200
0
0
0
504,300
566,100
518,500
582,900
563,800
632,000
569,200
768,800
711,400
824,300
773,600
788,100
814,100
880,000
795,900
1,129,500
949,400
836,305
919,000
705,000
770,388
770,000
762,000
724,000
699,000
776,000
1,104,000
977,000
1,026,000
1,044,000
1,038,000
971,000
1,108,000
990,000
838,000
816,000
801,000
829,000
753,000
747,000
737,000
791,000
742,000
833,000
776,000
1,000,000
834,000
767,000
717,000
749,000
722,000
814,000
747,000
500,000
482,000
507,000
531,000
589,000
557,000
624,000
685,000
1,089,000
1,152,000
1,126,000
1,204,000
1,534,000
1,714,000
2,510,000
1,801,000
2,082,000
1,716,000
1,807,000
2,431,000
3,017,000
2,959,000
2,701,000
3,619,000
3,707,000
2,661,000
3,338,000
2,937,000
3,738,000
3,766,000
4,396,000
5,513,000
5,801,000
6,091,000
6,467,000
8,107,000
8,980,000
8,479,000
8,832,000
9,879,000
11,214,000
11,721,000
12,180,000
12,656,000
13,741,000
13,824,000
13,827,000
17,244,000
21,082,000
20,810,000
21,158,000
25,181,000
24,032,000
23,208,000
20,820,000
22,027,000
23,739,000
23,096,000
23,304,000
25,744,000
26,281,000
26,756,000
25,184,000
32,687,000
36,703,000
35,368,000
31,673,000
37,720,000
36,263,000
37,324,000
35,005,000
42,684,000
48,504,000
45,660,000
43,625,000
47,493,000
7,926,000
50,248,000
48,811,000
60,845,000
59,893,000

59,893,000

60,845,000

48,811,000

50,248,000

7,926,000

47,493,000

43,625,000

45,660,000

48,504,000

42,684,000

35,005,000

37,324,000

36,263,000

37,720,000

31,673,000

35,368,000

36,703,000

32,687,000

25,184,000

26,756,000

26,281,000

25,744,000

23,304,000

23,096,000

23,739,000

22,027,000

20,820,000

23,208,000

24,032,000

25,181,000

21,158,000

20,810,000

21,082,000

17,244,000

13,827,000

13,824,000

13,741,000

12,656,000

12,180,000

11,721,000

11,214,000

9,879,000

8,832,000

8,479,000

8,980,000

8,107,000

6,467,000

6,091,000

5,801,000

5,513,000

4,396,000

3,766,000

3,738,000

2,937,000

3,338,000

2,661,000

3,707,000

3,619,000

2,701,000

2,959,000

3,017,000

2,431,000

1,807,000

1,716,000

2,082,000

1,801,000

2,510,000

1,714,000

1,534,000

1,204,000

1,126,000

1,152,000

1,089,000

685,000

624,000

557,000

589,000

531,000

507,000

482,000

500,000

747,000

814,000

722,000

749,000

717,000

767,000

834,000

1,000,000

776,000

833,000

742,000

791,000

737,000

747,000

753,000

829,000

801,000

816,000

838,000

990,000

1,108,000

971,000

1,038,000

1,044,000

1,026,000

977,000

1,104,000

776,000

699,000

724,000

762,000

770,000

770,388

705,000

919,000

836,305

949,400

1,129,500

795,900

880,000

814,100

788,100

773,600

824,300

711,400

768,800

569,200

632,000

563,800

582,900

518,500

566,100

504,300

699,200

478,700

328,500

295,400

> Long-term Liabilities

90,300
0
0
0
137,500
0
0
0
162,700
0
0
0
251,600
0
0
0
362,900
396,800
450,500
495,800
501,900
539,900
611,600
502,400
509,800
551,900
603,000
642,100
610,800
674,000
714,400
650,300
629,800
661,020
1,005,000
961,000
975,140
1,036,000
1,093,000
1,106,000
1,005,000
1,054,000
905,000
1,399,000
1,303,000
1,286,000
1,234,000
1,235,000
1,215,000
1,213,000
1,191,000
1,166,000
1,127,000
1,185,000
1,216,000
510,000
508,000
1,207,000
939,000
883,000
763,000
637,000
317,000
317,000
317,000
315,000
311,000
316,000
316,000
558,000
215,000
218,000
235,000
259,000
265,000
256,000
294,000
348,000
373,000
544,000
601,000
741,000
773,000
761,000
750,000
896,000
965,000
1,251,000
1,516,000
2,700,000
2,784,000
2,869,000
4,450,000
5,121,000
5,175,000
5,591,000
6,737,000
5,061,000
5,480,000
6,002,000
6,670,000
8,281,000
9,100,000
10,556,000
11,786,000
14,020,000
16,400,000
18,090,000
19,312,000
21,863,000
23,745,000
40,183,000
39,793,000
41,731,000
42,602,000
55,375,000
56,844,000
64,955,000
73,459,000
82,189,000
90,514,000
88,925,000
106,555,000
107,575,000
114,431,000
114,621,000
127,108,000
131,446,000
140,458,000
150,807,000
151,304,000
145,700,000
141,712,000
147,544,000
142,366,000
136,079,000
142,310,000
148,926,000
145,881,000
149,744,000
153,157,000
155,323,000
161,595,000
157,806,000
162,431,000
161,685,000
155,755,000
148,329,000
148,101,000
152,734,000

152,734,000

148,101,000

148,329,000

155,755,000

161,685,000

162,431,000

157,806,000

161,595,000

155,323,000

153,157,000

149,744,000

145,881,000

148,926,000

142,310,000

136,079,000

142,366,000

147,544,000

141,712,000

145,700,000

151,304,000

150,807,000

140,458,000

131,446,000

127,108,000

114,621,000

114,431,000

107,575,000

106,555,000

88,925,000

90,514,000

82,189,000

73,459,000

64,955,000

56,844,000

55,375,000

42,602,000

41,731,000

39,793,000

40,183,000

23,745,000

21,863,000

19,312,000

18,090,000

16,400,000

14,020,000

11,786,000

10,556,000

9,100,000

8,281,000

6,670,000

6,002,000

5,480,000

5,061,000

6,737,000

5,591,000

5,175,000

5,121,000

4,450,000

2,869,000

2,784,000

2,700,000

1,516,000

1,251,000

965,000

896,000

750,000

761,000

773,000

741,000

601,000

544,000

373,000

348,000

294,000

256,000

265,000

259,000

235,000

218,000

215,000

558,000

316,000

311,000

315,000

317,000

637,000

763,000

883,000

939,000

1,207,000

508,000

510,000

1,216,000

1,185,000

1,127,000

1,166,000

1,191,000

1,213,000

1,215,000

1,235,000

1,234,000

1,286,000

1,303,000

1,399,000

905,000

1,054,000

1,005,000

1,106,000

1,093,000

1,036,000

975,140

961,000

1,005,000

661,020

629,800

650,300

714,400

674,000

610,800

642,100

603,000

551,900

509,800

502,400

611,600

539,900

501,900

495,800

450,500

396,800

362,900

251,600

162,700

137,500

90,300

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
16,958,000
16,960,000
16,961,000
16,962,000
29,030,000
28,987,000
32,504,000
40,072,000
47,419,000
53,463,000
53,204,000
69,374,000
68,939,000
75,427,000
73,557,000
84,531,000
89,864,000
97,207,000
103,922,000
101,362,000
97,128,000
93,735,000
92,989,000
90,201,000
84,936,000
91,807,000
93,078,000
89,086,000
94,048,000
98,667,000
99,281,000
108,642,000
105,752,000
109,106,000
106,629,000
103,323,000
94,700,000
98,959,000
99,627,000

99,627,000

98,959,000

94,700,000

103,323,000

106,629,000

109,106,000

105,752,000

108,642,000

99,281,000

98,667,000

94,048,000

89,086,000

93,078,000

91,807,000

84,936,000

90,201,000

92,989,000

93,735,000

97,128,000

101,362,000

103,922,000

97,207,000

89,864,000

84,531,000

73,557,000

75,427,000

68,939,000

69,374,000

53,204,000

53,463,000

47,419,000

40,072,000

32,504,000

28,987,000

29,030,000

16,962,000

16,961,000

16,960,000

16,958,000

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
215,000
218,000
235,000
259,000
265,000
256,000
294,000
226,000
241,000
261,000
293,000
311,000
313,000
338,000
369,000
392,000
430,000
578,000
897,000
1,920,000
2,109,000
2,063,000
3,775,000
4,256,000
4,312,000
4,621,000
2,139,000
2,292,000
2,239,000
2,174,000
2,370,000
2,863,000
2,950,000
3,225,000
3,627,000
4,295,000
4,696,000
4,895,000
5,465,000
6,209,000
7,264,000
7,155,000
6,344,000
6,464,000
6,169,000
6,186,000
7,598,000
9,080,000
9,562,000
10,231,000
12,989,000
14,104,000
14,226,000
14,076,000
12,985,000
14,116,000
14,351,000
11,391,000
11,747,000
46,337,000
49,942,000
48,572,000
47,977,000
54,555,000
52,165,000
51,143,000
50,503,000
48,648,000
48,745,000
47,606,000
46,108,000
43,042,000
39,853,000
38,354,000
43,050,000
55,056,000
52,432,000
53,629,000
49,142,000
0

49,142,000

53,629,000

52,432,000

55,056,000

43,050,000

38,354,000

39,853,000

43,042,000

46,108,000

47,606,000

48,745,000

48,648,000

50,503,000

51,143,000

52,165,000

54,555,000

47,977,000

48,572,000

49,942,000

46,337,000

11,747,000

11,391,000

14,351,000

14,116,000

12,985,000

14,076,000

14,226,000

14,104,000

12,989,000

10,231,000

9,562,000

9,080,000

7,598,000

6,186,000

6,169,000

6,464,000

6,344,000

7,155,000

7,264,000

6,209,000

5,465,000

4,895,000

4,696,000

4,295,000

3,627,000

3,225,000

2,950,000

2,863,000

2,370,000

2,174,000

2,239,000

2,292,000

2,139,000

4,621,000

4,312,000

4,256,000

3,775,000

2,063,000

2,109,000

1,920,000

897,000

578,000

430,000

392,000

369,000

338,000

313,000

311,000

293,000

261,000

241,000

226,000

294,000

256,000

265,000

259,000

235,000

218,000

215,000

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,667,000
853,000
922,000
941,000
1,021,000
1,139,000
1,216,000
1,230,000
1,407,000
1,686,000
2,187,000
2,446,000
2,530,000
2,648,000
2,938,000
2,877,000
2,672,000
2,625,000
3,071,000
3,164,000
3,058,000
3,031,000
3,480,000
3,571,000
3,474,000
3,624,000
3,546,000
3,322,000
3,064,000
2,930,000
3,163,000
3,107,000
2,984,000
2,836,000
3,131,000
3,087,000
2,878,000
2,797,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

2,797,000

2,878,000

3,087,000

3,131,000

2,836,000

2,984,000

3,107,000

3,163,000

2,930,000

3,064,000

3,322,000

3,546,000

3,624,000

3,474,000

3,571,000

3,480,000

3,031,000

3,058,000

3,164,000

3,071,000

2,625,000

2,672,000

2,877,000

2,938,000

Apple Inc Buy, Hold or Sell?

Should you buy, hold or sell Apple?

Let's analyse Apple

1. Valuation of Apple

$158.93

$3.56

2. Growth of Apple

Is Apple growing?

How much money is Apple making?

How much money comes from the company's main activities?

3. Financial Health of Apple

Comparing to competitors in the Consumer Electronics industry

Industry Rankings (Consumer Electronics)

Summary

Financial Health

1.1. Profitability of Apple Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Consumer Electronics)

1.1.2. Return on Assets

Trends

Compared to industry (Consumer Electronics)

1.1.3. Return on Equity

Trends

Compared to industry (Consumer Electronics)

1.2. Operating Efficiency of Apple Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Consumer Electronics)

1.2.2. Operating Ratio

Trends

Compared to industry (Consumer Electronics)

1.3. Liquidity of Apple Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Consumer Electronics)

1.3.2. Quick Ratio

Trends

Compared to industry (Consumer Electronics)

1.4. Solvency of Apple Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Consumer Electronics)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Consumer Electronics)

2. Market Valuation of Apple Inc

2. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Consumer Electronics)

2.2. Price Earnings to Growth Ratio

Trends

Compared to industry (Consumer Electronics)

2. Book Value per Share

2.3. Price to Book Ratio

Trends

Compared to industry (Consumer Electronics)

2. Total Gains per Share

2.4. Latest News of Apple Inc

3. Holders & Insider Transactions

3.1. Institutions holding Apple Inc

3.2. Funds holding Apple Inc

3.3. Insider Transactions

4. Summary

Apple Inc
Buy, Hold or Sell?