Apple Inc. (AAPL)

Apple Cash Flow Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 27, 2025	Sep 27, 2025	Sep 28, 2024	Sep 30, 2023	Sep 24, 2022	Sep 25, 2021
Net Income	117,777	112,010	93,736	96,995	99,803	94,680
Depreciation & Amortization	11,832	11,698	11,445	11,519	11,104	11,284
Stock-Based Compensation	13,171	12,863	11,688	10,833	9,038	7,906
Other Operating Activities	1,392	-89	-2,266	-2,227	1,006	-4,921
Change in Accounts Receivable	-10,432	-6,682	-3,788	-1,688	-1,823	-10,125
Change in Inventory	974	1,400	-1,046	-1,618	1,484	-2,642
Change in Accounts Payable	8,421	902	6,020	-1,889	9,448	12,326
Change in Other Net Operating Assets	-7,663	-20,620	2,465	-1,382	-7,909	-4,470
Operating Cash Flow	135,472	111,482	118,254	110,543	122,151	104,038
Operating Cash Flow Growth	25.10%	-5.73%	6.98%	-9.50%	17.41%	28.96%
Capital Expenditures	-12,148	-12,715	-9,447	-10,959	-10,708	-11,085
Investment in Securities	13,696	29,390	13,690	16,001	-9,560	-3,075
Other Investing Activities	-1,031	-1,480	-1,308	-1,337	-2,086	-385
Investing Cash Flow	517	15,195	2,935	3,705	-22,354	-14,545
Short-Term Debt Issued	-	-	3,960	-	3,955	1,022
Long-Term Debt Issued	-	4,481	-	5,228	5,465	20,393
Total Debt Issued	4,481	4,481	3,960	5,228	9,420	21,415
Short-Term Debt Repaid	-	-2,032	-	-3,978	-	-
Long-Term Debt Repaid	-	-10,932	-9,958	-11,151	-9,543	-8,750
Total Debt Repaid	-12,085	-12,964	-9,958	-15,129	-9,543	-8,750
Net Debt Issued (Repaid)	-7,604	-8,483	-5,998	-9,901	-123	12,665
Repurchase of Common Stock	-97,767	-96,671	-100,390	-82,981	-95,625	-92,527
Common Dividends Paid	-15,486	-15,421	-15,234	-15,025	-14,841	-14,467
Other Financing Activities	-114	-111	-361	-581	-160	976
Financing Cash Flow	-120,971	-120,686	-121,983	-108,488	-110,749	-93,353
Net Cash Flow	15,018	5,991	-794	5,760	-10,952	-3,860
Free Cash Flow	123,324	98,767	108,807	99,584	111,443	92,953
Free Cash Flow Growth	25.46%	-9.23%	9.26%	-10.64%	19.89%	26.70%
Free Cash Flow Margin	28.31%	23.73%	27.82%	25.98%	28.26%	25.41%
Free Cash Flow Per Share	8.27	6.58	7.06	6.30	6.83	5.51
Cash Interest Paid	-	-	-	-	-	2,687
Cash Income Tax Paid	28,152	43,369	26,102	18,679	19,573	25,385
Levered Free Cash Flow	106,313	78,862	110,846	84,638	92,047	73,295
Unlevered Free Cash Flow	106,313	78,862	110,846	84,638	92,047	74,948
Change in Working Capital	-8,700	-25,000	3,651	-6,577	1,200	-4,911

Updated Jan 29, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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