Analysis of Apple Inc.'s financial statements for the period from 2013 to 2014 using finstanon.com
Uploaded by zapasnyj on Dec 10, 2015
Analysis of Apple Inc.'s financial statements for the period from 2013 to 2014 using finstanon.com
This report analyzes the balance sheets and income statements of APPLE INC.. Trends for the major balance sheet and income statement items and ratio analysis are used to understand the financial position and financial effectiveness of the company. The report studied the 2013 - 2014 period.
1. The Common-Size Analysis of the Assets, Liabilities and Shareholders' Equity
Table 1. Assets Trend Analysis, in million USD
Indicators 2013 2014 Absolute change, +/- Percentage change, %
Cash, cash equivalents 14259 13844 -415 -2.91
Marketable securities (short-term investments) 26287 11233 -15054 -57.27
Receivables, net, current 20641 27219 6578 31.87
Inventory, net 1764 2111 347 19.67
Other assets, current 10335 14124 3789 36.66
CURRENT ASSETS (TOTAL) 73286 68531 -4755 -6.49
Property, plant and equipment, net 16597 20624 4027 24.26
Long-term investments, net 106215 130162 23947 22.55
Goodwill 1577 4616 3039 192.71
Intangible assets, net (excluding goodwill) 4179 4142 -37 -0.89
Other assets, noncurrent 5146 3764 -1382 -26.86
NONCURRENT ASSETS (TOTAL) 133714 163308 29594 22.13
ASSETS (TOTAL) 207000 231839 24839 12
It can be noticed from Table 1 that there was a tendency to increase in the total value of the assets. The percentage change was equal 12% in 2014. The value of the assets totalled USD 231,839 million at the end of 2014.
The overall increase of the assets reflects a growth in the noncurrent assets by 22.13%, while the value of the current assets dropped by 6.49%.
The change of the noncurrent assets value in 2013-2014 was connected with the growth of the following assets:
- Property, plant and equipment (24.26%)
- Long-term investments (22.55%)
- Goodwill (192.71%)
The change of the current assets value in 2013-2014 was connected with a negative change of the following assets:
- Cash, cash equivalents (-2.91%)
- Marketable securities (short-term investments) (-57.27%)
Table 2. Sources of Finance (Equity and Liabilities) Trend Analysis, in million USD
Indicators 2013 2014 Absolute change, +/- Percentage change, %
Accounts payable, current 22367 30196 7829 35
Accrued liabilities, current 4782 7689 2907 60.79
Debt, current 0 6308 6308 division by 0
Other liabilities, current 16509 19255 2746 16.63
CURRENT LIABILITIES 43658 63448 19790 45.33
Long-term debt and capital lease obligations 16960 28987 12027 70.91
Long-term tax liability 16489 20259 3770 22.86
Other liabilities, noncurrent 6344...