Apple (AAPL) 10-K Summary — Year Ended Sep 30, 2023
Apple Inc. filed its annual 10-K report. The report covers the company's financial performance, risk factors, and liquidity position.
Key takeaway
Year ended Sep 30, 2023 · FY2025 10-K
Apple Inc. filed its annual 10-K report. The report covers the company's financial performance, risk factors, and liquidity position.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$383.3B
Revenue reported for the fiscal year.
Operating income
$114.3B
Income from operations reported for the year.
Net income
$97B
Net income reported for the year.
Operating cash flow
$110.5B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 25, 2021 | $365.8B | n/a |
| Sep 24, 2022 | $394.3B | +7.8% |
| Sep 30, 2023 | $383.3B | -2.8% |
Business overview
The supplied filing context does not provide a description of the company's business.
Financial performance
Revenue increased from the first period to the second, then declined in the most recent period. Operating income, net income, and operating cash flow are reported in the filing.
Material risks
The filing references risk factors in Item 1A, but the specific risks are not detailed in the supplied context.
Liquidity and capital
The company believes its cash, cash equivalents, and marketable securities, along with cash from operations and access to debt markets, are sufficient to meet its cash requirements and capital return program for the next year and beyond.
What to watch
Monitor the revenue trend in the next filing to see if the decline reverses.