Apple Inc. (AAPL) quarterly cash flow statement — complete operating, investing & financing history
Apple Inc. (AAPL) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 34.37B | 28.7B | 53.92B | 29.73B | 27.87B | 23.95B | 29.93B | 26.81B | 28.86B | 22.69B | 39.9B | 21.6B | 26.38B | 28.56B | 34.01B | 24.13B | 22.89B | 28.17B | 46.97B | 20.2B |
| Operating CF Margin % | 31.41% | 25.81% | 37.51% | 29.01% | 29.63% | 25.12% | 24.08% | 28.24% | 33.64% | 25% | 33.36% | 24.13% | 32.25% | 30.12% | 29.03% | 26.76% | 27.59% | 28.95% | 37.89% | 24.23% |
| Operating CF Growth % | 23.33% | 19.83% | 80.14% | 10.88% | -3.43% | 5.56% | -24.97% | 24.14% | 9.39% | -20.55% | 17.32% | -10.48% | 15.24% | 1.4% | -27.6% | 19.44% | 8.52% | 17.45% | 21.16% | -1.83% |
| Net Income | 29.79B | 29.58B | 42.1B | 27.47B | 23.43B | 24.78B | 36.33B | 14.74B | 21.45B | 23.64B | 33.92B | 22.96B | 19.88B | 24.16B | 30B | 20.72B | 19.44B | 25.01B | 34.63B | 20.55B |
| Depreciation & Amortization | 3.32B | 3.44B | 3.21B | 3.13B | 2.83B | 2.66B | 3.08B | 2.91B | 2.85B | 2.84B | 2.85B | 2.65B | 3.05B | 2.9B | 2.92B | 2.87B | 2.81B | 2.74B | 2.7B | 2.99B |
| Stock-Based Compensation | 3.4B | 3.53B | 3.59B | 3.18B | 3.17B | 3.23B | 3.29B | 2.86B | 2.87B | 2.96B | 3B | 2.63B | 2.62B | 2.69B | 2.9B | 2.28B | 2.24B | 2.25B | 2.27B | 1.95B |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.86B | 1.67B | 406M | 682M | -4.04B |
| Other Non-Cash Items | -320M | -1.19B | -528M | 1.66B | 469M | -208M | -2.01B | -302M | 7M | -982M | -989M | -576M | 81M | -1.42B | -317M | 172M | -41M | -187M | 167M | 542M |
| Working Capital Changes | -1.82B | -6.65B | 5.55B | -5.71B | -2.03B | -6.51B | -10.75B | 6.61B | 1.68B | -5.76B | 1.12B | -6.06B | 749M | 231M | -1.5B | -48M | -3.23B | -2.05B | 6.53B | -1.79B |
| Change in Receivables | -5.32B | 16.68B | 2.63B | -26.27B | 2.8B | 9.67B | 6.76B | -22.94B | -2.09B | 8.77B | 11.12B | -21.14B | -3.66B | 17.79B | 6.59B | -18.69B | 3.17B | 19.93B | -13.75B | -17.6B |
| Change in Inventory | -4.38B | -873M | -211M | 177M | 365M | 643M | 215M | -1.09B | -12M | 190M | -137M | 952M | -22M | -741M | -1.81B | 435M | -16M | 384M | 681M | -1.43B |
| Change in Payables | 7.09B | -13.14B | 848M | 19.38B | -3.88B | -7.93B | -6.67B | 21.19B | 1.54B | -12.17B | -4.54B | 14.9B | 3.97B | -14.69B | -6.08B | 15.56B | -4.36B | -21.56B | 19.81B | 14.11B |
| Cash from Investing | -7.76B | -6.17B | -4.89B | -2.59B | 5.07B | 2.92B | 9.79B | 1.45B | -127M | -310M | 1.93B | 2.39B | 437M | 2.32B | -1.45B | -1.22B | 4.23B | -9.27B | -16.11B | 835M |
| Capital Expenditures | -2.46B | -1.97B | -2.37B | -3.24B | -3.46B | -3.07B | -2.94B | -2.91B | -2.15B | -2B | -2.39B | -2.16B | -2.09B | -2.92B | -3.79B | -3.29B | -2.1B | -2.51B | -2.8B | -3.22B |
| CapEx % of Revenue | 2.24% | 1.77% | 1.65% | 3.16% | 3.68% | 3.22% | 2.37% | 3.06% | 2.51% | 2.2% | 2% | 2.42% | 2.56% | 3.07% | 3.23% | 3.65% | 2.53% | 2.58% | 2.26% | 3.87% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -137M | -2M | 0 | 0 | -20M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -196M | -1.43B | -154M | -505M | -340M | -32M | -603M | -191M | -388M | -445M | -284M | -584M | -506M | -106M | -141M | -597M | -617M | -361M | -374M | -530M |
| Cash from Financing | -32.64B | -22.28B | -39.66B | -27.48B | -24.83B | -29.01B | -39.37B | -24.95B | -36.02B | -30.43B | -30.59B | -23.15B | -24.05B | -25.72B | -35.56B | -26.79B | -27.45B | -28.35B | -28.16B | -20.38B |
| Debt Issued (Net) | -232M | -5.75B | -8.07B | -3.22B | 2.71B | 976M | -8.95B | 4.39B | -3.25B | -3.15B | -3.98B | 1.99B | -283M | -2B | -9.62B | 1.66B | 971M | -1.75B | -1B | 3.22B |
| Equity Issued (Net) | -25.11B | -12.29B | -24.7B | -20.13B | -21.07B | -25.9B | -23.61B | -25.08B | -26.52B | -23.2B | -20.14B | -21B | -19.86B | -20.01B | -19.48B | -24.43B | -24.56B | -22.63B | -20.48B | -19.2B |
| Dividends Paid | -4.04B | -3.82B | -3.92B | -3.86B | -3.94B | -3.76B | -3.86B | -3.8B | -3.9B | -3.71B | -3.83B | -3.76B | -3.85B | -3.65B | -3.77B | -3.7B | -3.81B | -3.6B | -3.73B | -3.64B |
| Share Repurchases | -25.11B | -12.29B | -24.7B | -20.13B | -21.07B | -25.9B | -23.61B | -25.08B | -26.52B | -23.2B | -20.14B | -21B | -17.48B | -19.59B | -19.48B | -24.43B | -21.86B | -22.63B | -20.48B | -19.75B |
| Other Financing | -3.27B | -418M | -2.96B | -265M | -2.52B | -326M | -2.96B | -448M | -2.35B | -370M | -2.64B | -385M | -53M | -66M | -2.71B | -320M | -43M | -374M | -2.95B | -758M |
| Net Change in Cash | -6.03B | 255M | 9.38B | -335M | 8.11B | -2.14B | 356M | 3.31B | -7.29B | -8.05B | 11.24B | 839M | 2.77B | 5.16B | -3B | -3.88B | -319M | -9.45B | 2.7B | 653M |
| Free Cash Flow | 31.91B | 26.73B | 51.55B | 26.49B | 24.41B | 20.88B | 27B | 23.9B | 26.71B | 20.69B | 37.5B | 19.43B | 24.29B | 25.64B | 30.22B | 20.84B | 20.79B | 25.65B | 44.16B | 16.98B |
| FCF Margin % | 29.17% | 24.04% | 35.86% | 25.85% | 25.95% | 21.9% | 21.72% | 25.18% | 31.14% | 22.8% | 31.36% | 21.72% | 29.69% | 27.04% | 25.79% | 23.12% | 25.06% | 26.37% | 35.63% | 20.37% |
| FCF Growth % | 30.77% | 28.02% | 90.97% | 10.81% | -8.62% | 0.9% | -28.02% | 22.99% | 9.96% | -19.3% | 24.11% | -6.73% | 16.82% | -0.03% | -31.58% | 22.74% | 9.42% | 18.15% | 25.24% | -9.66% |
| FCF per Share | 2.16 | 1.81 | 3.48 | 1.77 | 1.63 | 1.39 | 1.78 | 1.57 | 1.74 | 1.34 | 2.41 | 1.24 | 1.54 | 1.62 | 1.89 | 1.29 | 1.28 | 1.56 | 2.67 | 1.02 |
| FCF Conversion (FCF/Net Income) | 1.15x | 0.97x | 1.28x | 1.08x | 1.19x | 0.97x | 0.82x | 1.82x | 1.35x | 0.96x | 1.18x | 0.94x | 1.33x | 1.18x | 1.13x | 1.16x | 1.18x | 1.13x | 1.36x | 0.98x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.21B | 717M | 1.17B | 703M | 955M | 504M | 875M | 531M | 817M |
| Taxes Paid | 6.16B | 16.96B | 3.43B | -37.33B | 5.65B | 13.03B | 18.65B | 6.87B | 4.7B | 7.28B | 7.25B | 11.66B | 2.13B | 4.07B | 828M | 7.32B | 2.95B | 4.07B | 5.24B | 6.85B |