Switch to:
Apple Inc  (NAS:AAPL) Net Income: $59,531 Mil (TTM As of Sep. 2018)

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Apple Inc's net income for the three months ended in Sep. 2018 was $14,125 Mil. Its net income for the trailing twelve months (TTM) ended in Sep. 2018 was $59,531 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Apple Inc's Earnings per Share (Diluted) for the three months ended in Sep. 2018 was $2.91.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Apple Inc Annual Data

Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39,510.00 53,394.00 45,687.00 48,351.00 59,531.00

Apple Inc Quarterly Data

Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10,714.00 20,065.00 13,822.00 11,519.00 14,125.00

Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Apple Inc's Net Income for the fiscal year that ended in Sep. 2018 is calculated as

Net Income(A: Sep. 2018 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=72903+-13372+0+0
=59,531

Apple Inc's Net Income for the quarter that ended in Sep. 2018 is calculated as

Net Income(Q: Sep. 2018 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=16421+-2296+0+0
=14,125

Net Income for the trailing twelve months (TTM) ended in Sep. 2018 was 20065 (Dec. 2017 ) + 13822 (Mar. 2018 ) + 11519 (Jun. 2018 ) + 14125 (Sep. 2018 ) = $59,531 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Net income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Apple Inc's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2018 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Related Terms


Headlines

From the Internet

$AAPL #APPLE $FIT Fitbit Races Bottom Step Aside

- Seekingalpha 2018-11-13 17:08:32

Apple Shares Down 5%, Now What?

- Zacks 2018-11-13 15:37:00

$LITE $AAPL Apple Repeat 2015minus 16

- Seekingalpha 2018-11-13 15:01:01

FAANG Stocks Rally in Big Tech Rebound

- theStreet 2018-11-13 11:55:00

$NFLX $XI $AAPL Apple Shine

- Seekingalpha 2018-11-13 11:08:31

Earnings Data Deluge

- Zacks 2018-11-13 09:37:00

$AAPL #APPLE Apple Stock Buy 16 Percent Decline

- Seekingalpha 2018-11-13 08:33:46

Stock Market News For Nov 13, 2018

- Zacks 2018-11-13 08:31:00

Gotta Stop the Drop: Cramer's 'Mad Money' Recap

- theStreet 2018-11-12 18:49:00

$AAPL #APPLE Apple Risk Increases Dramatically

- Seekingalpha 2018-11-12 16:55:53

$AAPL #APPLE Apple Services Led Margin Inflection

- Seekingalpha 2018-11-12 16:13:38

$AAPL #APPLE $LITE Buy Drop Lumentum

- Seekingalpha 2018-11-12 13:44:17

$AAPL #APPLE Apple Conservative

- Seekingalpha 2018-11-12 13:36:45

Stocks Fall as Apple Tumbles, Oil Prices Climb

- theStreet 2018-11-12 09:40:00

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK