APPLE INC Income Statement & Some Ratios

PERIOD ENDING	Sep-11	Sep-10	Sep-09	Sep-08
All numbers in thousands
Income Statement
Operating Revenue (Revenue/Sales)	108,249,000	65,225,000	42,905,000	32,479,000
Total Revenues	108,249,000	65,225,000	42,905,000	32,479,000
Cost of Sales	62,617,000	38,514,000	24,949,000	20,861,000
Cost of Sales with Depreciation	64,431,000	39,541,000	25,683,000	21,334,000
Gross Margin	45,632,000	26,711,000	17,956,000	11,618,000
Gross Operating Profit	45,632,000	26,711,000	17,956,000	11,618,000
Research & Development Expense	2,429,000	1,782,000	1,333,000	1,109,000
Selling, Gen. & Administrative Expense	7,599,000	5,517,000	4,149,000	3,761,000
Operating Income	33,790,000	18,385,000	11,740,000	6,275,000
Operating Income b/f Depreciation (EBITDA)	35,604,000	19,412,000	12,474,000	6,748,000
Depreciation	1,814,000	1,027,000	734,000	473,000
Operating Income After Depreciation	33,790,000	18,385,000	11,740,000	6,275,000
Interest Income	519,000	311,000	407,000	*
Other Income, Net	-104,000	-156,000	-81,000	620,000
Total Income Avail for Interest Expense (EBIT)	34,205,000	18,540,000	12,066,000	6,895,000
Pre-tax Income (EBT)	34,205,000	18,540,000	12,066,000	6,895,000
Income Taxes	8,283,000	4,527,000	3,831,000	2,061,000
Income before Income Taxes	34,205,000	18,540,000	12,066,000	6,895,000
Net Income from Continuing Operations	25,922,000	14,013,000	8,235,000	4,834,000
Net Income from Total Operations	25,922,000	14,013,000	8,235,000	4,834,000
Total Net Income	25,922,000	14,013,000	8,235,000	4,834,000
Normalized Income	25,922,000	14,013,000	8,235,000	4,834,000
Net Income Available for Common	25,922,000	14,013,000	8,235,000	4,834,000
Gross Profit Margin	42.2%	41.0%	41.9%	35.8%
EBITDA Margin	32.9%	29.8%	29.1%	20.8%
Operating Profit Margin	31.2%	28.2%	27.4%	19.3%
Net Profit Margin	23.9%	21.5%	19.2%	14.9%
SG&A as % of Revenues	7.0%	8.5%	9.7%	11.6%
R&D as % of Revenues	2.2%	2.7%	3.1%	3.4%