School of Management and Economics

Apple and Samsung Financial Statements

Students:
Taghi Mammadov (3820221052)
Hokumakhanum Ismayilova (3820221054)
Task 1. Stock price and annual EPS for the company over the last 10 years

Apple annual and quarterly earnings per share history from 2010 to 2022. Earnings per share
can be defined as a company's net earnings or losses attributable to common shareholders per
diluted share base, which includes all convertible securities and debt, options and warrants.

o Apple EPS for the quarter ending September 30, 2022 was $1.29, a 4.88% increase year-
over-year.
o Apple EPS for the twelve months ending September 30, 2022 was $6.11, a 8.91%
increase year-over-year.
o Apple 2022 annual EPS was $6.11, a 8.91% increase from 2021.
o Apple 2021 annual EPS was $5.61, a 71.04% increase from 2020.
o Apple 2020 annual EPS was $3.28, a 10.44% increase from 2019.

Apple Annual EPS

2022 $6.11
2021 $5.61
2020 $3.28
2019 $2.97
2018 $2.98
2017 $2.30
2016 $2.08
2015 $2.31
2014 $1.61
2013 $1.42
2012 $1.58
2011 $0.99
2010 $0.54
2009 $0.32

1
Teacher: Li Xin 老师 | Accounting
Apple Quarterly EPS (Part 1) (Part 2)
9/30/2022 $1.29 9/30/2012 $0.31
6/30/2022 $1.20 6/30/2012 $0.33
3/31/2022 $1.52 3/31/2012 $0.44
12/31/2021 $2.10 12/31/2011 $0.50
9/30/2021 $1.23 9/30/2011 $0.25
6/30/2021 $1.30 6/30/2011 $0.28
3/31/2021 $1.40 3/31/2011 $0.23
12/31/2020 $1.68 12/31/2010 $0.23
9/30/2020 $0.74 9/30/2010 $0.17
6/30/2020 $0.65 6/30/2010 $0.13
3/31/2020 $0.64 3/31/2010 $0.12
12/31/2019 $1.25 12/31/2009 $0.13
9/30/2019 $0.77 9/30/2009 $0.10
6/30/2019 $0.55 6/30/2009 $0.07
3/31/2019 $0.62 3/31/2009 $0.06
12/31/2018 $1.05
9/30/2018 $0.74
6/30/2018 $0.59
3/31/2018 $0.68
12/31/2017 $0.97
9/30/2017 $0.52
6/30/2017 $0.42
3/31/2017 $0.53
12/31/2016 $0.84
9/30/2016 $0.43
6/30/2016 $0.36
3/31/2016 $0.48
12/31/2015 $0.82
9/30/2015 $0.50
6/30/2015 $0.46
3/31/2015 $0.58
12/31/2014 $0.77
9/30/2014 $0.36
6/30/2014 $0.32
3/31/2014 $0.42
12/31/2013 $0.52
9/30/2013 $0.30
6/30/2013 $0.27
3/31/2013 $0.36
12/31/2012 $0.49

2
Teacher: Li Xin 老师 | Accounting
 Stock Price Lookup
Year Day’s Open Closing Price Volume
2009 $ 7.22 $ 7.03 465.8 M
2010 $ 11.26 $ 11.30 461.8 M
2011 $ 13.66 $ 13.85 387.2 M
2012 $ 15.12 $ 15.11 259.2 M
2013 $ 18.35 $ 18.50 359.4 M
2014 $ 23.70 $ 23.80 235.2 M
2015 $ 29.69 $ 29.34 139.4 M
2016 $ 27.59 $ 27.37 148.3M
2017 $ 42.49 $ 42.76 159.0M
2018 $ 40.34 $ 40.70 160 M
2019 $ 41.23 $ 41.30 174 M
2020 $ 121.01 $ 122.72 125.9M
2021 $ 167.48 $ 164.77 148.8M
2022 $ 148.21 $ 148.31 71.1M

STOCK PRICE LOOKUP

Day’s Open Closing Price Volume

$180,00
$160,00
$140,00
$120,00
$100,00
$80,00
$60,00
$40,00
$20,00
$-
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

3
Teacher: Li Xin 老师 | Accounting
Task 2. Overview of the Company
Apple Inc. (formerly Apple Computer Inc.) is an American computer and consumer
electronics company famous for creating the iPhone, iPad and Macintosh computers. Apple is
one of the largest companies globally with a market cap of over 2 trillion dollars.

Business Model
Apple Business Model focuses primarily on selling its products and offering services
through subscriptions. Sales of Apple products like the iPhone, iPad, Apple Watch, and
MacBook make up a large percentage of Apple’s revenue, while its services include Apple TV+,
Apple Fitness+, Apple Music, iCloud+, and Apple Arcade, although a small percentage of its
revenue, net them a whopping average of $13 billion per quarter.

Apple’s Mission
Apple’s Mission Statement is: “To bring the best user experience to customers through
innovative hardware, software, and services.”

Apple’s Competitors
Samsung: One of Apple’s main competitors in the smartphone space, Samsung holds a whopping
20% share of the global smartphone market. Samsung’s entrance into the market with its
Samsung Galaxy and Note series has negatively influenced the sales of iPhones globally,
however, they are not the only company that has contributed to this, others include Xiaomi,
Vivo, and Oppo.
Dell: Dell Technologies (DVMT) is a company that makes desktop and mobile computing
devices, including laptops, tablets, and mobile phones. Dell’s biggest competitor is Apple; the
two companies have a long history of competing against one another. In fact, in 2004 Dell
released a product to compete with Apple’s iPod music player: Dell DJ.
HP: Hewlett-Packard Co. (HPQ), established in 1939, is known as the founding company of
Silicon Valley as well as for making affordable consumer computers. HP has expanded its
presence in recent years to include computers for a broader range of consumers around the globe.
Apple Inc. is a leading competitor for HP outside the United States.

4
Teacher: Li Xin 老师 | Accounting
Advertising Slogan of the company
The slogan of Apple is "Think different" was created by Craig Tanimoto, an art director at
Chiat\Day, who also contributed to the initial concept work.

Task 3. Ratio Analysis of Apple and Samsung

According to the analysis of the financial ratios, such as the return on assets, it is evident that
Apple is in a better position to use its assets effectively for the purpose of generating more
income as compared to the case of Samsung. Secondly, its inventory is high despite the fact that
it decreases significantly. On the other hand, examining the debt to equity ratio, it is evident that
Apple has a much low debt than in the case of Samsung with respect to the invested capital. As
such, Apple can be considered a better company for investment.

5
Teacher: Li Xin 老师 | Accounting
Task 4. Trend of sales revenue and net income of the company over the last 5 years
Apple revenue
Apple revenue increased dramatically between in the past decade, from $108 billion to
$365 billion. In the past year alone, it has increased its revenues by 33%

Apple annual revenue 2016 to 2021 ($bn)

Year Revenue ($bn)

2016 215.4
2017 229
2018 265.4
2019 260.1
2020 274.3
2021 365.8

Apple has always been most successful in the US, its home country. While revenues have
increased in all regions, Americas is responsible for 45% of all revenue generation and
approximately 40% of that is from the United States alone.

Apple revenue by region 2016 to 2021 ($bn)

Year Americas Europe China Japan Rest of Asia Pacific
2016 86.6 49.8 48.5 16.9 13.6
2017 96.6 54.9 51.6 15.3 14.1
2018 112 62.4 51.9 21.7 17.4
2019 116.9 60.2 43.6 21.5 17.8
2020 124.5 68.6 40.3 21.4 19.6
2021 153.3 89.3 68.3 28.4 26.3

Apple revenue by product

iPhone continues to be the main revenue generator, but its percentage has decreased in the past
five years. Services has seen the highest percentage increase over the past five years.

6
Teacher: Li Xin 老师 | Accounting
7
Teacher: Li Xin 老师 | Accounting
Task 5. The long-term assets of the company for year 2020 or 2021

Assets
Fiscal year is October-September. All values USD.

ITEM 2020 2021

Cash & Short Term
90.98B 62.64B
Investments
Cash & Short Term
-9.55% -31.15%
Investments Growth
Cash Only 19.98B 26.91B

Short-Term Investments - -
Cash & ST Investments /
28.09% 17.85%
Total Assets
Total Accounts Receivable 37.45B 51.51B
Total Accounts Receivable
-18.25% 37.55%
Growth
Accounts Receivables, Net 16.12B 26.28B

Accounts Receivables, Gross 16.12B 26.28B

Bad Debt/Doubtful Accounts - -

Other Receivable 21.33B 25.23B

Accounts Receivable
7.32 7.1
Turnover
Inventories 4.06B 6.58B

Finished Goods 4.06B 6.58B

Work in Progress - -

Raw Materials - -

Progress Payments & Other - -

Other Current Assets 11.23B 14.11B

8
Teacher: Li Xin 老师 | Accounting
 Miscellaneous Current
11.23B 14.11B
Assets
Total Current Assets 143.71B 134.84B
Net Property, Plant &
45.34B 49.53B
Equipment
Property, Plant & Equipment
112.1B 119.81B
- Gross
Buildings 17.95B 20.04B

Land & Improvements - -

Computer Software and
- -
Equipment
Other Property, Plant &
10.28B 11.02B
Equipment
Accumulated Depreciation 66.76B 70.28B
Total Investments and
102.62B 127.88B
Advances
Other Long-Term
102.62B 127.88B
Investments
Long-Term Note Receivables - -

Intangible Assets - -

Net Goodwill - -

Net Other Intangibles - -

Other Assets 32.22B 38.76B

Total Assets 323.89B 351B

Total Assets Growth -4.32% 8.37%

9
Teacher: Li Xin 老师 | Accounting
Apple Inc.s Depreciation & Amortization

o Apple's latest twelve months depreciation & amortization is $11.104 billion.

o Apple's depreciation & amortization for fiscal years ending September 2018 to 2022
averaged $11.379 billion.
o Apple's operated at median depreciation & amortization of $11.104 billion from fiscal
years ending September 2018 to 2022.
o Looking back at the last five years, Apple's depreciation & amortization peaked in
September 2019 at $12.547 billion.
o Apple's depreciation & amortization hit its five-year low in September 2018 of $10.903
billion.
o Apple's depreciation & amortization decreased in 2020 ($11.056 billion, -11.9%) and
2022 ($11.104 billion, -1.6%) and increased in 2018 ($10.903 billion, +7.3%), 2019
($12.547 billion, +15.1%) and 2021 ($11.284 billion, +2.1%).

Task 6

Conclusion

Since its founding, Apple Inc. has solidified its position as the industry leader. The results of the
ratio analysis show the company's successes. The liquidity ratios show that Apple has a strong
and steady financial position. The corporation can easily pay off its short-term commitments,
according to the results of the current and quick ratio calculations. This is a sign of sound
financial condition and an organization that can manage its activities with ease.

10
Teacher: Li Xin 老师 | Accounting
The calculated debt ratios show a business that does not heavily rely on indebtedness for
operations. Increasing operating costs can be problematic for a business that primarily relies on
debt to fund its everyday operations. The higher operational costs result from potential interest
charges on the debt. Over time, declining profits are a result of rising operational costs. Apple
has successfully used a good balance of stock and debt to cover its operating expenses. Apple
also made efficient use of its resources to make money. Apple has seen a steadily increasing
assets turnover ratio since 2017. This indicates that as the business expanded, its effectiveness in
utilising its resources to produce

Apple is, in general, a financially sound business that makes good use of its resources. The
business also produces large profits for the investors. Therefore, investors should think about
including Apple's equities in their portfolios. Given Apple's strong potential for success in terms
of sales and profit production, its stock price may rise significantly over the long term.

REFERENCES

https://investor.apple.com/investor-relations/default.aspx

https://www.macrotrends.net/stocks/stock-screener

https://finance.yahoo.com/quote/AAPL/financials/

https://www.macrotrends.net/stocks/charts/AAPL/apple/financial-statements

https://www.samsung.com/global/ir/financial-information/audited-financial-statements/

https://finance.yahoo.com/quote/005930.KS/financials/

https://www.wsj.com/market-data/quotes/SSNLF/financials/annual/income-statement

11
Teacher: Li Xin 老师 | Accounting