Apple Cash Flow Statement
NASDAQ: AAPLTechnologyComputer ManufacturingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Apple free cash flow
In fiscal 2025, Apple generated $111.48 billion of operating cash flow and spent $12.71 billion on capital expenditures. That left free cash flow of $98.77 billion, a free-cash-flow margin of 23.7% of revenue. Free cash flow was down 9.2% from the prior year's $108.81 billion.
Apple returned $106.13 billion to shareholders: $15.42 billion in dividends and $90.71 billion in share repurchases, equal to 107% of free cash flow. Free cash flow covered dividend payments 6.4 times.
Summary generated from market data by MetaCap's automated system. Methodology
Apple cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-09-27 | FY 20242024-09-28 | FY 20232023-09-30 | FY 20222022-09-24 | FY 20212021-09-25 | FY 20202020-09-26 | FY 20192019-09-28 | FY 20182018-09-29 | FY 20172017-09-30 | FY 20162016-09-24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 112.01B | 93.74B | 97.00B | 99.80B | 94.68B | 57.41B | 55.26B | 59.53B | 48.35B | 45.69B |
| Net Income growth (YoY) | +19.50% | -3.36% | -2.81% | +5.41% | +64.92% | +3.90% | -7.18% | +23.12% | +5.83% | -14.43% |
| Depreciation & Amortization | 11.70B | 11.45B | 11.52B | 11.10B | 11.28B | 11.06B | 12.55B | 10.90B | 10.16B | 10.51B |
| Stock-Based Compensation | 12.86B | 11.69B | 10.83B | 9.04B | 7.91B | 6.83B | 6.07B | 5.34B | 4.84B | 4.21B |
| Change in Working Capital | -24.65B | 5.01B | -7.85B | 9.20B | 668.00M | 4.14B | -6.42B | 42.70B | -669.00M | 456.00M |
| Operating Cash Flow | 111.48B | 118.25B | 110.54B | 122.15B | 104.04B | 80.67B | 69.39B | 77.43B | 64.22B | 66.23B |
| Capital Expenditures | -12.71B | -9.45B | -10.96B | -10.71B | -11.09B | -7.31B | -10.49B | -13.31B | -12.45B | -12.73B |
| Investing Cash Flow | 15.20B | 2.94B | 3.71B | -22.35B | -14.54B | -4.29B | 45.90B | 16.07B | -46.45B | -45.98B |
| Dividends Paid | -15.42B | -15.23B | -15.03B | -14.84B | -14.47B | -14.08B | -14.12B | -13.71B | -12.77B | -12.15B |
| Share Repurchases | -90.71B | -94.95B | -77.55B | -89.40B | -85.97B | -72.36B | -66.90B | -72.74B | -32.90B | -29.72B |
| Debt Issued | 4.48B | 0 | 5.23B | 5.46B | 20.39B | 16.09B | 6.96B | 6.97B | 28.66B | 24.95B |
| Debt Repaid | -10.93B | -9.96B | -11.15B | -9.54B | -8.75B | -12.63B | -8.80B | -6.50B | -3.50B | -2.50B |
| Financing Cash Flow | -120.69B | -121.98B | -108.49B | -110.75B | -93.35B | -86.82B | -90.98B | -87.88B | -17.97B | -20.89B |
| Net Change in Cash | 5.99B | -794.00M | 5.76B | -10.95B | -3.86B | -10.44B | 24.31B | 5.62B | -195.00M | -636.00M |
| Free Cash Flow | 98.77B | 108.81B | 99.58B | 111.44B | 92.95B | 73.36B | 58.90B | 64.12B | 51.77B | 53.50B |
This table shows 10 annual periods of Apple's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow AAPL's reporting calendar. What is a cash flow statement?