1)
2)
3)
4)
Completen la información marcada en amarillo para los años seleccionados.
A partir de la ecuación contable, infieran el valor de Activos Intangibles
Calculen la Razón Corriente (Activos Corrientes/Pasivos Corrientes) para todos los años.
Grafiquen;
Activos Corrientes y No Corrientes en un gráfico apilado y comenten su evolución
Pasivos Corrientes, No Corrientes y Capital total en un gráfico apilado y comenten su evolución
Liam Woc
Rodrigo Yaeggy
L'Andro Cornell
Apple Inc (AAPL US) - Ajustado
En Millones de USD excepto por acción
FY 2011
12 meses fin
09/24/2011
Ingreso
108,249.0
+ Ingresos de servicios y ventas
108,249.0
- Coste de ingreso
64,431.0
+ Coste de bienes y servicios
64,431.0
Beneficio bruto
43,818.0
+ Otros ingresos operacionales
0.0
- Gastos operacionales
10,028.0
+ Ventas, generales y admin
7,599.0
+ Investigación y desarrollo
2,429.0
+ Otro gasto operativo
0.0
Ingreso operacional (pérdida)
33,790.0
- Ingreso (pérdida) no operacional
-415.0
+ Gasto de intereses, neto
-519.0
+ Gastos de intereses
0.0
- Ingreso de intereses
519.0
+ (Plusvalía) pérdida del tipo de cambio
0.0
+ Otro (ingreso) pérdida no op
104.0
Beneficios (pérdidas) antes de impuestos, ajustados
34,205.0
- Pérdida anormal
0.0
+ Liquidación legal
—
+ Inversiones no realizadas
—
+ Otros elementos atípicos
—
Beneficios (pérdidas) antes de impuestos, GAAP
34,205.0
- Gasto de impuesto a la renta (Beneficio)
8,283.0
+ Impuesto sobre la renta actual
5,415.0
+ Impuesto sobre la renta diferido
2,868.0
Beneficios (pérdidas) de operaciones continuas25,922.0
- Pérdidas (ganancias) extraordinarias netas
0.0
+ Operaciones discontinuas
0.0
+ PE y cambios contables
0.0
Ingreso (pérdida) incl MI
25,922.0
- Minoritarios
0.0
Beneficio neto, GAAP
25,922.0
- Dividendos preferentes
0.0
- Otros ajustes
0.0
beneficio neto disponible a accionistas comunes,
25,922.0
GAAP
FY 2012
09/29/2012
156,508.0
156,508.0
87,846.0
87,846.0
68,662.0
0.0
13,421.0
10,040.0
3,381.0
0.0
55,241.0
-522.0
-1,088.0
0.0
1,088.0
0.0
566.0
55,763.0
0.0
—
—
—
55,763.0
14,030.0
9,625.0
4,405.0
41,733.0
0.0
0.0
0.0
41,733.0
0.0
41,733.0
0.0
0.0
41,733.0
FY 2013
09/28/2013
170,910.0
170,910.0
106,606.0
106,606.0
64,304.0
0.0
15,305.0
10,830.0
4,475.0
0.0
48,999.0
-1,156.0
-1,480.0
136.0
1,616.0
0.0
324.0
50,155.0
0.0
—
—
—
50,155.0
13,118.0
11,977.0
1,141.0
37,037.0
0.0
0.0
0.0
37,037.0
0.0
37,037.0
0.0
0.0
37,037.0
FY 2014
09/27/2014
182,795.0
182,795.0
112,258.0
112,258.0
70,537.0
0.0
18,034.0
11,993.0
6,041.0
0.0
52,503.0
-1,185.0
-1,411.0
384.0
1,795.0
0.0
226.0
53,688.0
205.0
—
205.0
—
53,483.0
13,973.0
11,626.0
2,347.0
39,510.0
0.0
0.0
0.0
39,510.0
0.0
39,510.0
0.0
0.0
39,510.0
FY 2015
09/26/2015
233,715.0
233,715.0
140,089.0
140,089.0
93,626.0
0.0
22,396.0
14,329.0
8,067.0
0.0
71,230.0
-1,376.0
-2,188.0
733.0
2,921.0
0.0
812.0
72,606.0
91.0
—
91.0
—
72,515.0
19,121.0
17,739.0
1,382.0
53,394.0
0.0
0.0
0.0
53,394.0
0.0
53,394.0
0.0
0.0
53,394.0
FY 2016
09/24/2016
215,091.0
215,091.0
131,376.0
131,376.0
83,715.0
0.0
24,239.0
14,194.0
10,045.0
0.0
59,476.0
-1,435.0
-2,543.0
1,456.0
3,999.0
0.0
1,108.0
60,911.0
-461.0
—
87.0
-548.0
61,372.0
15,685.0
10,747.0
4,938.0
45,687.0
0.0
0.0
0.0
45,687.0
0.0
45,687.0
0.0
0.0
45,687.0
FY 2017
09/30/2017
228,594.0
228,594.0
141,048.0
141,048.0
87,546.0
0.0
26,842.0
15,261.0
11,581.0
0.0
60,704.0
-2,646.0
-2,878.0
2,323.0
5,201.0
0.0
232.0
63,350.0
-739.0
—
-99.0
-640.0
64,089.0
15,738.0
9,772.0
5,966.0
48,351.0
0.0
0.0
0.0
48,351.0
0.0
48,351.0
0.0
0.0
48,351.0
FY 2018
09/29/2018
265,595.0
265,595.0
163,756.0
163,756.0
101,839.0
0.0
31,177.0
16,705.0
14,236.0
236.0
70,662.0
-1,985.0
-2,446.0
3,240.0
5,686.0
0.0
461.0
72,647.0
-256.0
-236.0
-20.0
—
72,903.0
13,372.0
45,962.0
-32,590.0
59,531.0
0.0
0.0
0.0
59,531.0
0.0
59,531.0
0.0
0.0
59,531.0
FY 2019
09/28/2019
260,174.0
260,174.0
161,782.0
161,782.0
98,392.0
0.0
34,462.0
18,245.0
16,217.0
0.0
63,930.0
-1,838.0
-1,385.0
3,576.0
4,961.0
0.0
-453.0
65,768.0
31.0
—
31.0
—
65,737.0
10,481.0
10,821.0
-340.0
55,256.0
0.0
0.0
0.0
55,256.0
0.0
55,256.0
0.0
0.0
55,256.0
Últ 12M
12/28/2019
267,683.0
267,683.0
166,105.0
166,105.0
101,578.0
0.0
35,425.0
18,659.0
16,766.0
0.0
66,153.0
-1,567.0
-1,228.0
3,471.0
4,699.0
25,922.0
0.0
0.0
41,733.0
0.0
0.0
37,037.0
0.0
0.0
39,643.3
133.3
0.0
53,453.2
59.2
0.0
45,387.4
-299.7
0.0
47,870.7
-480.4
0.0
59,328.8
-202.2
0.0
55,280.5
24.5
0.0
57,504.1
-22.9
0.0
Acciones promedio básicas pond
BPA básicos, GAAP
BPA básicos de ops cont
BPA básicos de ops cont, ajustados
6,469.8
4.01
4.01
4.01
6,543.7
6.38
6.38
6.38
6,477.3
5.72
5.72
5.72
6,085.6
6.49
6.49
6.51
5,753.4
9.28
9.28
9.29
5,470.8
8.35
8.35
8.30
5,217.2
9.27
9.27
9.18
4,955.4
12.01
12.01
11.97
4,617.8
11.97
11.97
11.97
4,415.0
12.76
12.76
12.75
Acciones diluidas promedio pond
BPA diluidos, GAAP
BPA diluidos de ops cont
BPA diluidos de ops cont, ajustados
6,556.5
3.95
3.95
3.95
6,617.5
6.31
6.31
6.31
6,521.6
5.68
5.68
5.68
6,122.7
6.45
6.45
6.47
5,793.1
9.22
9.22
9.23
5,500.3
8.31
8.31
8.26
5,251.7
9.21
9.21
9.12
5,000.1
11.91
11.91
11.87
4,648.9
11.89
11.89
11.90
4,454.6
12.66
12.66
12.65
Beneficio neto disponible a cap común, aj
Pérdidas atípicas netas (ganancias)
Pérdidas (ganancias) extraordinarias netas
-339.0
67,720.0
-29.0
-29.0
67,749.0
10,222.0
57,527.0
0.0
0.0
0.0
57,527.0
0.0
57,527.0
0.0
0.0
57,527.0
Referencia
Norma de contabilidad
US GAAP
US GAAP
US GAAP
US GAAP
US GAAP
US GAAP
US GAAP
US GAAP
US GAAP
EBITDA
35,604.0
58,518.0
55,756.0
60,449.0
82,487.0
69,981.0
70,861.0
81,565.0
76,477.0
78,490.0
Margen EBITDA (U12M)
32.89
37.39
32.62
33.07
35.29
32.54
31.00
30.71
29.39
29.32
EBITA
34,004.0
55,918.0
49,956.0
53,549.0
73,287.0
61,681.0
62,661.0
72,265.0
65,177.0
EBIT
33,790.0
55,241.0
48,999.0
52,503.0
71,230.0
59,476.0
60,704.0
70,662.0
63,930.0
66,153.0
Margen bruto
40.48
43.87
37.62
38.59
40.06
38.92
38.30
38.34
37.82
37.95
Margen operacional
31.22
35.30
28.67
28.72
30.48
27.65
26.56
26.61
24.57
24.71
Margen de beneficio
23.95
26.67
21.67
21.69
22.87
21.10
20.94
22.34
21.25
21.48
Ventas por empleado
1,792,201.99 2,149,835.16 2,128,393.52 1,974,028.08 2,124,681.82 1,854,232.76 1,858,487.80 2,012,083.33 1,899,080.29 2,503,875.26
Dividendos por acción
0.00
0.38
1.63
1.82
1.98
2.18
2.40
2.72
3.00
3.04
Dividendos ordinarios totales en efectivo
0.0
2,477.3
10,548.8
11,031.0
11,431.0
11,965.0
12,563.0
13,478.6
13,853.5
13,789.0
Gasto de interés capitalizado
0.0
0.0
—
—
—
—
—
—
—
Gasto de depreciación
1,600.0
2,600.0
5,800.0
6,900.0
9,200.0
8,300.0
8,200.0
9,300.0
11,300.0
Gasto de renta
338.0
488.0
645.0
717.0
794.0
939.0
1,100.0
1,200.0
1,300.0
Fuente: Bloomberg
Apple Inc (AAPL US) - Estandarizado
En Millones de USD excepto por acción
12 meses fin
Activo total
+ Efectivo, equivalentes y STI
+ Efectivo y equivalentes
+ Inversiones a corto plazo
+ Cuentas y notas por cobrar
+ Cuentas por cobrar, neto
+ Notas por cobrar, netas
+ Inventarios
+ Mat primas
+ Trabajo en proceso
+ Bienes de consumo
+ Otro inventario
+ Otros activos a CP
+ Gastos prepagados
+ Activos derivados y de cobertura
+ Activos de impuestos diferidos
+ Activos varios a CP
Activos totales actuales
+ Propiedad, planta y equipo; neto
+ Propiedad, planta y equipo
- Depreciación acumulada
+ Inversiones y cuentas por cobrar a LP
+ Valores líquidos LP
+ Otros activos a LP
+ Activos intangibles totales
+ Fondo de comercio
+ Otros activos intangibles
+ Gasto prepagado
+ Activos de impuestos diferidos
+ Activos de derivados y de cobertura
+ Activos varios a LP
Activos totales no corrientes
Activos totales
Pasivo y capital social
+ Cuentas por pagar y devengos
+ Cuentas por pagar
+ Impuestos incurridos
+ Interés y dividendos por pagar
+ Otras cuentas por pagar y en devengo
+ Deuda CP
+ Préstamos CP
+ ST Lease Liabilities
+ Arrendamientos de finanzas a CP
+ Porción corriente de deuda a LP
+ Otros pasivos a corto plazo
+ Ingreso diferido
+ Derivados y cobertura
+ Pasivos varios a CP
Pasivos totales corrientes
+ Deuda LP
+ Préstamos a largo plazo
+ LT Lease Liabilities
+ Arrendamientos de finanzas a LP
+ Otros pasivos a LP
+ Pasivos acum
+ Pasivos de pensiones
+ Pensiones
+ Otros beneficios de jubilac
+ Ingreso diferido
+ Pasivo de impuesto diferido
+ Derivados y cobertura
+ Pasivos varios a LP
Pasivos totales no corrientes
Pasivos totales
+ Acciones preferentes y capital híbrido
+ Capital en acciones y APIC
+ Capital común
+ Capital adicional pagado
- Acciones de Tesorería
+ Beneficios retenidos
+ Otro capital
Capital antes de interés minoritario
+ Participación minoritaria/no dominante
Patrimonio total
Pasivo y capital totales
Referencia
Norma de contabilidad
Acciones en circulación:
Núm de acciones de Tesorería
Obligaciones de pensión
Arriendos futuros mínimos de operaciones
Arrend capital - Total
Opciones dadas en el periodo
Opciones en circulación al fin del periodo
Deuda neta
Deuda neta a capital
Ratio de capital ordinario tangible
Ratio corriente
Ciclo de conversión de efectivo
Efectivo en el extranjero
Número de empleados
Fuente: Bloomberg
FY 2010
09/25/2010
FY 2011
09/24/2011
FY 2012
09/29/2012
FY 2013
09/28/2013
FY 2014
09/27/2014
FY 2015
09/26/2015
FY 2016
09/24/2016
FY 2017
09/30/2017
FY 2018
09/29/2018
FY 2019
09/28/2019
25,620.0
11,261.0
14,359.0
5,510.0
5,510.0
0.0
1,051.0
—
—
—
—
9,497.0
157.0
107.0
1,636.0
7,597.0
41,678.0
4,768.0
7,234.0
2,466.0
25,391.0
25,391.0
3,346.0
1,083.0
741.0
342.0
799.0
0.0
0.0
1,464.0
33,505.0
75,183.0
25,952.0
9,815.0
16,137.0
5,369.0
5,369.0
0.0
776.0
—
—
—
—
12,891.0
728.0
516.0
2,014.0
9,633.0
44,988.0
7,777.0
11,768.0
3,991.0
55,618.0
55,618.0
7,988.0
4,432.0
896.0
3,536.0
1,600.0
0.0
0.0
1,956.0
71,383.0
116,371.0
29,129.0
10,746.0
18,383.0
10,930.0
10,930.0
0.0
791.0
124.0
0.0
667.0
0.0
16,803.0
1,200.0
150.0
2,583.0
12,870.0
57,653.0
15,452.0
21,887.0
6,435.0
92,122.0
92,122.0
10,837.0
5,359.0
1,135.0
4,224.0
3,000.0
0.0
0.0
2,478.0
118,411.0
176,064.0
40,546.0
14,259.0
26,287.0
13,102.0
13,102.0
0.0
1,764.0
683.0
0.0
1,081.0
0.0
17,874.0
—
214.0
3,453.0
14,207.0
73,286.0
16,597.0
28,519.0
11,922.0
106,215.0
106,215.0
10,902.0
5,756.0
1,577.0
4,179.0
0.0
0.0
0.0
5,146.0
133,714.0
207,000.0
25,077.0
13,844.0
11,233.0
17,460.0
17,460.0
0.0
2,111.0
471.0
0.0
1,640.0
0.0
23,883.0
—
1,635.0
4,318.0
17,930.0
68,531.0
20,624.0
39,015.0
18,391.0
130,162.0
130,162.0
12,522.0
8,758.0
4,616.0
4,142.0
0.0
0.0
0.0
3,764.0
163,308.0
231,839.0
41,601.0
21,120.0
20,481.0
16,849.0
16,849.0
0.0
2,349.0
—
—
—
—
28,579.0
—
1,945.0
—
26,634.0
89,378.0
22,471.0
49,257.0
26,786.0
164,065.0
164,065.0
14,431.0
9,009.0
5,116.0
3,893.0
0.0
0.0
0.0
5,422.0
200,967.0
290,345.0
67,155.0
20,484.0
46,671.0
15,754.0
15,754.0
0.0
2,132.0
—
—
—
—
21,828.0
—
1,399.0
—
20,429.0
106,869.0
27,010.0
61,245.0
34,235.0
170,430.0
170,430.0
17,377.0
8,620.0
5,414.0
3,206.0
0.0
0.0
0.0
8,757.0
214,817.0
321,686.0
74,181.0
20,289.0
53,892.0
17,874.0
17,874.0
0.0
4,855.0
—
—
—
—
31,735.0
—
1,630.0
—
30,105.0
128,645.0
33,783.0
75,076.0
41,293.0
194,714.0
194,714.0
18,177.0
8,015.0
5,717.0
2,298.0
0.0
0.0
0.0
10,162.0
246,674.0
375,319.0
66,301.0
25,913.0
40,388.0
23,186.0
23,186.0
0.0
3,956.0
—
—
—
—
37,896.0
—
1,274.0
—
36,622.0
131,339.0
41,304.0
90,403.0
49,099.0
170,799.0
170,799.0
22,283.0
0.0
0.0
0.0
0.0
0.0
0.0
22,283.0
234,386.0
365,725.0
100,557.0
48,844.0
51,713.0
22,926.0
22,926.0
0.0
4,106.0
—
—
—
—
35,230.0
—
2,806.0
—
32,424.0
162,819.0
37,378.0
95,957.0
58,579.0
105,341.0
105,341.0
32,978.0
0.0
0.0
0.0
0.0
0.0
0.0
32,978.0
175,697.0
338,516.0
2010
75,183.0
75,183.0
2011
116,371.0
116,371.0
2012
176,064.0
176,064.0
2013
207,000.0
207,000.0
2014
231,839.0
231,839.0
2015
290,345.0
290,345.0
2016
321,686.0
321,686.0
2017
375,319.0
375,319.0
2018
365,725.0
365,725.0
2019
338,516.0
338,516.0
1,083.0
4,432.0
5,359.0
5,756.0
8,758.0
9,009.0
8,620.0
8,015.0
0.0
0.0
2.01129235
1.60843761
1.49584868
1.67863851
1.08011285
1.10877062
1.35266942
1.27606285
1.13292619
1.54012562
Activos no Corrientes
2010
41,678.0
33,505.0
2011
44,988.0
71,383.0
2012
57,653.0
118,411.0
2013
73,286.0
133,714.0
2014
68,531.0
163,308.0
2015
89,378.0
200,967.0
2016
106,869.0
214,817.0
2017
128,645.0
246,674.0
2018
131,339.0
234,386.0
2019
162,819.0
175,697.0
Pasivos corrientes
Pasivos no corrientes
Patrimonio
2010
20,722.0
6,670.0
47,791.0
2011
27,970.0
11,786.0
76,615.0
2012
38,542.0
19,312.0
118,210.0
2013
43,658.0
39,793.0
123,549.0
2014
63,448.0
56,844.0
111,547.0
2015
80,610.0
90,380.0
119,355.0
2016
79,006.0
114,431.0
128,249.0
2017
100,814.0
140,458.0
134,047.0
2018
115,929.0
142,649.0
107,147.0
2019
105,718.0
142,310.0
90,488.0
Activos totales
Pasivos totales y Patrimonio
Activos Intangibles
Razón Corriente
Activos Corrientes
Pasivos corrientes vs. Pasivos no corrientes vs.
Patrimonio
Activos corrientes vs. Activos no corrientes
400,000.0
350,000.0
400,000.0
350,000.0
300,000.0
250,000.0
200,000.0
150,000.0
100,000.0
50,000.0
0.0
300,000.0
250,000.0
200,000.0
150,000.0
100,000.0
50,000.0
0.0
2010
17,132.0
12,015.0
658.0
0.0
4,459.0
0.0
0.0
0.0
0.0
—
3,590.0
2,984.0
606.0
0.0
20,722.0
0.0
0.0
0.0
0.0
6,670.0
0.0
0.0
0.0
0.0
1,139.0
4,300.0
0.0
1,231.0
6,670.0
27,392.0
0.0
10,668.0
0.0
10,668.0
0.0
37,169.0
-46.0
47,791.0
0.0
47,791.0
75,183.0
23,770.0
14,632.0
1,140.0
0.0
7,998.0
0.0
0.0
0.0
0.0
—
4,200.0
4,091.0
109.0
0.0
27,970.0
0.0
0.0
0.0
0.0
11,786.0
0.0
0.0
0.0
0.0
1,686.0
8,159.0
0.0
1,941.0
11,786.0
39,756.0
0.0
13,331.0
0.0
13,331.0
0.0
62,841.0
443.0
76,615.0
0.0
76,615.0
116,371.0
32,032.0
21,175.0
1,535.0
0.0
9,322.0
0.0
0.0
0.0
0.0
—
6,510.0
5,953.0
557.0
0.0
38,542.0
0.0
0.0
0.0
0.0
19,312.0
0.0
0.0
0.0
0.0
2,648.0
13,847.0
0.0
2,817.0
19,312.0
57,854.0
0.0
16,422.0
0.0
16,422.0
0.0
101,289.0
499.0
118,210.0
0.0
118,210.0
176,064.0
35,788.0
22,367.0
1,200.0
0.0
12,221.0
0.0
0.0
0.0
0.0
—
7,870.0
7,435.0
435.0
0.0
43,658.0
16,960.0
16,960.0
0.0
0.0
22,833.0
0.0
0.0
0.0
0.0
2,625.0
16,489.0
0.0
3,719.0
39,793.0
83,451.0
0.0
19,764.0
0.0
19,764.0
0.0
104,256.0
-471.0
123,549.0
0.0
123,549.0
207,000.0
48,568.0
30,196.0
1,209.0
0.0
17,163.0
6,308.0
6,308.0
0.0
0.0
0.0
8,572.0
8,491.0
81.0
0.0
63,448.0
28,987.0
28,987.0
0.0
0.0
27,857.0
0.0
0.0
0.0
0.0
3,031.0
20,259.0
0.0
4,567.0
56,844.0
120,292.0
0.0
23,313.0
0.1
23,312.9
0.0
87,152.0
1,082.0
111,547.0
0.0
111,547.0
231,839.0
59,659.0
35,490.0
0.0
0.0
24,169.0
10,999.0
8,499.0
0.0
0.0
2,500.0
9,952.0
8,940.0
1,012.0
0.0
80,610.0
53,329.0
53,329.0
0.0
0.0
37,051.0
0.0
0.0
0.0
0.0
3,624.0
24,062.0
0.0
9,365.0
90,380.0
170,990.0
0.0
27,416.0
0.1
27,415.9
0.0
92,284.0
-345.0
119,355.0
0.0
119,355.0
290,345.0
58,245.0
37,294.0
0.0
0.0
20,951.0
11,605.0
8,105.0
0.0
0.0
3,500.0
9,156.0
8,080.0
1,076.0
0.0
79,006.0
75,427.0
75,427.0
0.0
0.0
39,004.0
0.0
0.0
0.0
0.0
2,930.0
31,921.0
0.0
4,153.0
114,431.0
193,437.0
0.0
31,251.0
0.1
31,250.9
0.0
96,364.0
634.0
128,249.0
0.0
128,249.0
321,686.0
73,230.0
49,049.0
0.0
0.0
24,181.0
18,473.0
11,977.0
0.0
0.0
6,496.0
9,111.0
7,548.0
1,563.0
0.0
100,814.0
97,207.0
97,207.0
0.0
0.0
43,251.0
0.0
0.0
0.0
0.0
2,836.0
36,562.0
0.0
3,853.0
140,458.0
241,272.0
0.0
35,867.0
0.1
35,866.9
0.0
98,330.0
-150.0
134,047.0
0.0
134,047.0
375,319.0
53,752.0
55,888.0
0.0
0.0
-2,136.0
20,748.0
11,964.0
0.0
0.0
8,784.0
41,429.0
5,966.0
2,136.0
33,327.0
115,929.0
93,735.0
93,735.0
0.0
0.0
48,914.0
0.0
0.0
0.0
0.0
2,797.0
275.0
0.0
45,842.0
142,649.0
258,578.0
0.0
40,201.0
0.0
40,201.0
0.0
70,400.0
-3,454.0
107,147.0
0.0
107,147.0
365,725.0
44,630.0
46,236.0
—
—
-1,606.0
16,240.0
5,980.0
0.0
0.0
10,260.0
44,848.0
5,522.0
1,606.0
37,720.0
105,718.0
91,807.0
91,807.0
0.0
0.0
50,503.0
0.0
0.0
0.0
0.0
0.0
330.0
0.0
50,173.0
142,310.0
248,028.0
0.0
45,174.0
0.0
45,174.0
0.0
45,898.0
-584.0
90,488.0
0.0
90,488.0
338,516.0
US GAAP
6,411.8
0.0
0.0
2,089.0
0.0
0.9
152.1
-51,011.0
-106.74
63.03
2.01
-48.19
30,800.0
46,600.00
US GAAP
6,504.9
0.0
0.0
3,032.0
0.0
0.0
83.1
-81,570.0
-106.47
64.48
1.61
-52.14
54,300.0
60,400.00
US GAAP
6,574.5
0.0
0.0
4,414.0
0.0
0.3
45.8
-121,251.0
-102.57
66.11
1.50
-52.97
82,600.0
72,800.00
US GAAP
6,294.5
0.0
0.0
4,721.0
0.0
0.3
28.7
-129,801.0
-105.06
58.53
1.68
-43.71
111,300.0
80,300.00
US GAAP
5,866.2
0.0
0.0
4,987.0
0.0
—
6.6
-119,944.0
-107.53
46.08
1.08
-48.24
137,100.0
92,600.00
US GAAP
5,578.8
0.0
0.0
6,271.0
0.0
—
1.2
-141,338.0
-118.42
39.22
1.11
-52.68
186,900.0
110,000.00
US GAAP
5,336.2
0.0
0.0
7,627.0
0.0
—
—
-150,553.0
-117.39
38.21
1.35
-67.27
216,000.0
116,000.00
US GAAP
5,126.2
0.0
0.0
9,545.0
0.0
—
—
-153,215.0
-114.30
34.31
1.28
-75.00
252,300.0
123,000.00
US GAAP
4,755.0
0.0
0.0
9,627.0
0.0
—
—
-122,617.0
-114.44
—
1.13
-79.34
—
132,000.00
US GAAP
4,443.2
0.0
0.0
10,838.0
0.0
—
—
-97,851.0
-108.14
26.73
1.54
-73.45
—
137,000.00
2011
2012
2013
Activos Corrientes
2014
2015
2016
2017
2018
2019
Activos no Corrientes
Como podemos observar en la gráfica tanto los activos corrientes como los activos no
corrientes han aumentado a lo largo de los años, sin embargo en el 2017 los activos no
corrientes tuvieron su pico y luego al 2019 empezaron a disminuir.
2010
2011
2012
Pasivos corrientes
2013
2014
2015
Pasivos no corrientes
2016
2017
2018
2019
Patrimonio
Observando la gráfica podemos ver que el capital de la empresa empezo siendo
mayor que los pasivos, pero a lo largo de los años la proporción de la misma se ha
vuelto similar entre los pasivos corrientes y no corrientes.
Apple Inc (AAPL US) - Estandarizado
En Millones de USD excepto por acción
12 meses fin
Efectivo de actividades operacionales
+ Ingreso neto
+ Depreciación + amortización
+ Partidas no monetarias
+ Compensación en acciones
+ Impuestos al ingreso diferidos
+ Otros ajustes no en efectivo
+ Var en fondo de maniobra no en efectivo
+ (Inc) dec en cuentas por cobrar
+ (Aum) baja en inventarios
+ (Aum) baja en cuentas por pagar
+ Aum (baja) de otros
+ Efectivo neto de ops disc
Efectivo de actividades operacionales
FY 2011
09/24/2011
FY 2012
09/29/2012
FY 2013
09/28/2013
FY 2014
09/27/2014
FY 2015
09/26/2015
FY 2016
09/24/2016
FY 2017
09/30/2017
FY 2018
09/29/2018
FY 2019
09/28/2019
Últ 12M
12/28/2019
25,922.0
1,814.0
8,531.0
1,168.0
2,868.0
4,495.0
1,262.0
-1,791.0
275.0
2,515.0
263.0
0.0
37,529.0
41,733.0
3,277.0
8,697.0
1,740.0
4,405.0
2,552.0
-2,851.0
-6,965.0
-15.0
4,467.0
-338.0
0.0
50,856.0
37,037.0
6,757.0
7,915.0
2,253.0
1,141.0
4,521.0
1,957.0
-1,949.0
-973.0
2,340.0
2,539.0
0.0
53,666.0
39,510.0
7,946.0
11,220.0
2,863.0
2,347.0
6,010.0
1,037.0
-6,452.0
-76.0
5,938.0
1,627.0
0.0
59,713.0
53,394.0
11,257.0
13,714.0
3,586.0
1,382.0
8,746.0
2,901.0
-3,124.0
-238.0
5,400.0
863.0
0.0
81,266.0
45,687.0
10,505.0
8,783.0
4,210.0
4,938.0
-365.0
1,256.0
476.0
217.0
2,117.0
-1,554.0
0.0
66,231.0
48,351.0
10,157.0
6,447.0
4,840.0
5,966.0
-4,359.0
-730.0
-6,347.0
-2,723.0
8,966.0
-626.0
0.0
64,225.0
59,531.0
10,903.0
10,373.0
5,340.0
-32,590.0
37,623.0
-3,373.0
-13,332.0
828.0
9,175.0
-44.0
0.0
77,434.0
55,256.0
12,547.0
1,249.0
6,068.0
-340.0
-4,479.0
339.0
3,176.0
-289.0
-1,923.0
-625.0
0.0
69,391.0
57,527.0
11,968.0
-368.0
6,219.0
-742.0
-5,845.0
4,090.0
-2,942.0
759.0
5,489.0
784.0
0.0
73,217.0
-7,452.0
0.0
0.0
0.0
-7,452.0
-4,260.0
-3,192.0
—
—
—
-244.0
0.0
-244.0
0.0
-32,723.0
0.0
-40,419.0
-9,402.0
0.0
0.0
0.0
-9,402.0
-8,295.0
-1,107.0
—
—
—
-350.0
0.0
-350.0
0.0
-38,475.0
0.0
-48,227.0
-9,076.0
0.0
0.0
0.0
-9,076.0
-8,165.0
-911.0
—
—
—
-496.0
0.0
-496.0
0.0
-24,202.0
0.0
-33,774.0
-9,813.0
0.0
0.0
0.0
-9,813.0
-9,571.0
-242.0
—
—
—
-3,765.0
0.0
-3,765.0
0.0
-9,001.0
0.0
-22,579.0
-11,488.0
0.0
0.0
0.0
-11,488.0
-11,247.0
-241.0
—
—
—
-343.0
0.0
-343.0
0.0
-44,443.0
0.0
-56,274.0
-12,734.0
0.0
0.0
0.0
-12,734.0
-12,734.0
0.0
0.0
0.0
0.0
-297.0
0.0
-297.0
0.0
-32,946.0
0.0
-45,977.0
-12,451.0
0.0
0.0
0.0
-12,451.0
-12,451.0
0.0
0.0
0.0
0.0
-329.0
0.0
-329.0
0.0
-33,666.0
0.0
-46,446.0
-13,313.0
0.0
0.0
0.0
-13,313.0
-13,313.0
0.0
0.0
0.0
0.0
-721.0
0.0
-721.0
0.0
30,100.0
0.0
16,066.0
-10,495.0
0.0
0.0
0.0
-10,495.0
-10,495.0
0.0
0.0
0.0
0.0
-624.0
0.0
-624.0
0.0
57,015.0
0.0
45,896.0
-9,247.0
0.0
0.0
0.0
-9,247.0
-9,247.0
0.0
0.0
-1,415.0
0.0
-1,415.0
0.0
37,046.0
0.0
26,384.0
0.0
0.0
—
0.0
—
1,964.0
1,964.0
0.0
-520.0
0.0
1,444.0
-2,488.0
0.0
0.0
0.0
0.0
2,016.0
2,016.0
0.0
-1,226.0
0.0
-1,698.0
-10,564.0
16,896.0
0.0
16,960.0
0.0
-21,629.0
1,231.0
-22,860.0
-1,082.0
0.0
-16,379.0
-11,126.0
18,266.0
6,308.0
12,027.0
0.0
-43,531.0
1,469.0
-45,000.0
-1,158.0
0.0
-37,549.0
-11,561.0
29,305.0
2,191.0
27,114.0
0.0
-33,961.0
1,292.0
-35,253.0
-1,499.0
0.0
-17,716.0
-12,150.0
22,057.0
-394.0
24,954.0
-2,500.0
-29,227.0
495.0
-29,722.0
-1,570.0
0.0
-20,890.0
-12,769.0
29,014.0
3,872.0
28,662.0
-3,500.0
-32,345.0
555.0
-32,900.0
-1,874.0
0.0
-17,974.0
-13,712.0
432.0
0.0
6,969.0
-6,500.0
-72,069.0
669.0
-72,738.0
-2,527.0
0.0
-87,876.0
-14,119.0
-7,924.0
-5,997.0
6,963.0
-8,805.0
-66,116.0
781.0
-66,897.0
-2,817.0
0.0
-90,976.0
-14,090.0
-7,699.0
-7,067.0
9,173.0
-9,805.0
-78,024.0
783.0
-78,807.0
-2,894.0
0.0
-102,977.0
Efecto de los tipos de cambio
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Cambios netos en el efectivo
-1,446.0
931.0
3,513.0
-415.0
7,276.0
-636.0
-195.0
5,624.0
24,311.0
-3,106.0
3,338.0
—
7,682.0
0.0
9,128.0
0.0
10,026.0
339.0
13,252.0
514.0
10,444.0
1,316.0
11,591.0
2,092.0
10,417.0
3,022.0
15,263.0
3,423.0
14,740.0
3,358.0
Referencia
EBITDA
35,604.0
Margen EBITDA últimos 12M
32.89
Efectivo neto desembolsado por adquisiciones 244.0
Beneficio de impuesto de opciones de acciones 1,133.0
Flujo de caja libre
33,269.0
Flujo de caja libre a empresa
33,269.0
Flujo libre de caja a capital
33,269.0
Flujo libre de caja por acción
5.14
Precio a flujo de caja libre
11.23
Flujo de caja a beneficio neto
1.45
Fuente: Bloomberg
58,518.0
37.39
350.0
1,351.0
42,561.0
42,561.0
42,561.0
6.50
14.65
1.22
55,756.0
32.62
496.0
701.0
45,501.0
45,601.4
62,397.0
7.02
9.82
1.45
60,449.0
33.07
3,765.0
739.0
50,142.0
50,425.7
68,408.0
8.24
12.23
1.51
82,487.0
35.29
343.0
749.0
70,019.0
70,558.7
99,324.0
12.17
9.43
1.52
70,529.0
32.71
297.0
—
53,497.0
54,580.9
75,554.0
9.78
11.53
1.45
71,501.0
31.19
329.0
—
51,774.0
53,526.6
80,788.0
9.92
15.53
1.33
81,801.0
30.80
721.0
—
64,121.0
66,766.7
64,553.0
12.94
17.45
1.30
76,477.0
29.39
624.0
—
58,896.0
61,901.8
50,972.0
12.75
17.16
1.26
78,490.0
29.32
1,415.0
Efectivo de actividades de inversión
+ Cambio en fijos e intangibles
+ Desp en fijos e intangibles
+ Desp de activos fijos prod
+ Desp de activos intangibles
+ Adq de fijos e intangibles
+ Adq de activos fijos prod
+ Adq de activos intangibles
+ Cambio neto en inversiones LP
+ Dec en inversiones LP
+ Inc en inversiones LP
+ Efectivo neto de adq y div
+ Efectivo por despojos
+ Efectivo para adq de subs
+ Efectivo para JVs
+ Otras actividades de inversión
+ Efectivo neto de ops disc
Efectivo de actividades de inversión
Efectivo de actividades de financiación
+ Dividendos pagados
+ Efectivo de (pagos) deuda
+ Efectivo de (pagos) deuda CP
+ Efectivo de deuda a LP
+ Pagos de préstamos a LP
+ Efectivo (recompra) de acciones
+ Aumento en capital
+ Baja en capital
+ Otras actividades de financiación
+ Efectivo neto de ops disc
Efectivo de actividades de financiación
Efectivo pagado por impuestos
Efectivo pagado en intereses
63,970.0
66,907.7
56,271.0
14.24
21.68
1.37