Monday, February 21, 2011

Apple: Nine Quarters of Results


Apple: Nine Quarters of Results
As a service to AFB members and my fellow AAPL analysts, I'm posting Apple's results for the nine most recent quarters. This post is without commentary and is to serve as a resource and reference for readers who are actively tracking the company's quarterly results.

I will be referencing this post in future Posts At Eventide entries and will be using this data in compiling my own Apple quarterly estimates and AAPL share price forecasts. The quarterly results for FY2009 are post-retrospective adjustments for the change in accounting principles applied to iPhone revenue recognition.


Robert Paul Leitao


FQ1 2011
FQ4 2010
FQ3 2010
FQ2 2010
FQ1 2010
FQ4 2009
FQ3 2009
FQ2 2009
FQ1 2009










Net sales
26,741
20,342
15,700
13,499
15,683
12,207
9,734
9,084
11,880
Cost of sales
-16,443
-12,831
-9,564
-7,874
-9,272
-7,102
-5,751
-5,457
-7,373










Gross margin
10,298
7,511
6,136
5,625
6,411
5,105
3,983
3,627
4,507










Operating expenses:









Research and development
575
494
464
426
398
358
341
319
315
Selling, general and administrative
1,896
1,571
1,438
1,220
1,288
1,063
1,010
985
1,091










Total operating expenses
-2,471
-2,065
-1,902
-1,646
-1,686
-1,421
-1,351
-1,304
-1,406










Operating income
7,827
5,446
4,234
3,979
4,725
3,684
2,632
2,323
3,101










Other income and expense
136
14
58
50
33
45
60
63
158










Income before provision for income taxes
7,963
5,460
4,292
4,029
4,758
3,729
2,692
2,386
3,259
Provision for income taxes
-1,959
-1,153
-1,039
-955
-1,380
-1,197
-864
-766
-1,004










Net income
6,004
4,307
3,253
3,074
3,378
2,532
1,828
1,620
2,255










Earnings per common share:









Basic
$6.53
$4.71
$3.57
$3.39
$3.74
$2.82
$2.05
$1.82
$2.54
Diluted
$6.43
$4.64
$3.51
$3.33
$3.67
$2.77
$2.01
$1.79
$2.50
Shares used in computing earnings per share:









Basic
919,294
914,555
912,197
907,548
903,542
898,032
893,712
891,180
889,142
Diluted
933,154
928,825
927,361
922,878
919,783
914,374
909,160
902,993
901,494







2 comments:

  1. Come on Robert, where is 2008,2007,2006, etc....... :)

    ReplyDelete
  2. I would re write from Left to right

    ReplyDelete