Apple Inc. (AAPL) FY2025 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-03-30 to 2025-06-28

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Apple Inc. cash flow reconciliation, Mar 30, 2025 through Jun 28, 2025One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $23,434,000,000.00Vendor non-trade receivables → Operating adjustments reconciliation: $4,384,000,000.00Share-based compensation expense → Operating adjustments reconciliation: $3,168,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $2,830,000,000.00Other → Operating adjustments reconciliation: $469,000,000.00Other current and non-current liabilities → Operating adjustments reconciliation: $418,000,000.00Inventories → Operating adjustments reconciliation: $365,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $4,433,000,000.00Operating adjustments reconciliation → Accounts payable: $3,875,000,000.00Operating adjustments reconciliation → Other current and non-current assets: $1,745,000,000.00Operating adjustments reconciliation → Accounts receivable, net: $1,581,000,000.00Proceeds from maturities of marketable securities → investing reconciliation: $8,449,000,000.00Proceeds from sales of marketable securities → investing reconciliation: $5,575,000,000.00investing reconciliation → Net cash from investing activities: $5,073,000,000.00investing reconciliation → Purchases of marketable securities: $5,149,000,000.00investing reconciliation → Payments for acquisition of property, plant and equipment: $3,462,000,000.00investing reconciliation → Other: $340,000,000.00Net cash used in financing activities → financing reconciliation: $24,833,000,000.00Proceeds from issuance of term debt, net → financing reconciliation: $4,481,000,000.00Total repayments of commercial paper, net → financing reconciliation: $3,903,000,000.00financing reconciliation → Repurchases of common stock: $21,075,000,000.00financing reconciliation → Repayments of term debt: $5,673,000,000.00financing reconciliation → Payments for dividends and dividend equivalents: $3,945,000,000.00financing reconciliation → Payments for taxes related to net share settlement of equity awards: $2,514,000,000.00financing reconciliation → Other: $10,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $28,162,000,000.00Net cash from operating activities → Cash sources and uses: $27,867,000,000.00Net cash from investing activities → Cash sources and uses: $5,073,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $36,269,000,000.00Cash sources and uses → Net cash used in financing activities: $24,833,000,000.00Net income: $23,434,000,000.00Net income+$23.43 BDepreciation and amortization: $2,830,000,000.00Depreciation & amortization+$2.83 BShare-based compensation expense: $3,168,000,000.00Stock-based compensation+$3.17 BOther: $469,000,000.00Other non-cash items+$469.00 MAccounts receivable, net: -$1,581,000,000.00Accounts receivable−$1.58 BVendor non-trade receivables: $4,384,000,000.00Other receivables+$4.38 BInventories: $365,000,000.00Inventories+$365.00 MOther current and non-current assets: -$1,745,000,000.00Other operating assets−$1.75 BAccounts payable: -$3,875,000,000.00Accounts payable−$3.88 BOther current and non-current liabilities: $418,000,000.00Other operating liabilities+$418.00 MNet cash from operating activities: $27,867,000,000.00Operating cash+$27.87 BOperating adjustments reconciliation: $11,634,000,000.00Payments for taxes related to net share settlement of equity awards: -$2,514,000,000.00Stock-award tax withholding−$2.51 BPayments for dividends and dividend equivalents: -$3,945,000,000.00Dividends paid−$3.95 BRepurchases of common stock: -$21,075,000,000.00Common stock repurchases−$21.08 BRepayments of term debt: -$5,673,000,000.00Long-term debt repaid−$5.67 BTotal repayments of commercial paper, net: $3,903,000,000.00Commercial paper, net+$3.90 BOther: -$10,000,000.00Other financing, net−$10.00 MProceeds from issuance of term debt, net: $4,481,000,000.00Long-term debt issued+$4.48 BNet cash used in financing activities: -$24,833,000,000.00. Cash required to fund net payments.Financing cash−$24.83 Bfinancing reconciliation: $33,217,000,000.00Purchases of marketable securities: -$5,149,000,000.00AFS securities purchases−$5.15 BProceeds from maturities of marketable securities: $8,449,000,000.00AFS securities maturities+$8.45 BProceeds from sales of marketable securities: $5,575,000,000.00AFS securities sales+$5.58 BPayments for acquisition of property, plant and equipment: -$3,462,000,000.00PP&E purchases−$3.46 BOther: -$340,000,000.00Other investing, net−$340.00 MNet cash from investing activities: $5,073,000,000.00Investing cash+$5.07 Binvesting reconciliation: $14,024,000,000.00Cash sources and uses: $61,102,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $28,162,000,000.00Beginning cash$28.16 BEnding cash: Cash, cash equivalents, and restricted cash: $36,269,000,000.00Ending cash$36.27 BCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$24.41 BOperating cash − cash spent on PP&ECash flow / Net income1.19×Operating cash flow ÷ net incomeNet cash change+$8.11 BEnding cash − beginning cash
Chart details

Apple Inc. cash flow reconciliation, Mar 30, 2025 through Jun 28, 2025

Cash flows for Mar 30, 2025 through Jun 28, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 29, 2025. Ending cash: Jun 28, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 29, 2025
28,162,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
27,867,000,000 US dollars. Net cash provided.
Net income
23,434,000,000 US dollars
Depreciation and amortization
2,830,000,000 US dollars
Share-based compensation expense
3,168,000,000 US dollars
Other
469,000,000 US dollars
Accounts receivable, net
negative 1,581,000,000 US dollars
Vendor non-trade receivables
4,384,000,000 US dollars
Inventories
365,000,000 US dollars
Other current and non-current assets
negative 1,745,000,000 US dollars
Accounts payable
negative 3,875,000,000 US dollars
Other current and non-current liabilities
418,000,000 US dollars
Investing activities
5,073,000,000 US dollars. Net cash provided.
Purchases of marketable securities
negative 5,149,000,000 US dollars
Proceeds from maturities of marketable securities
8,449,000,000 US dollars
Proceeds from sales of marketable securities
5,575,000,000 US dollars
Payments for acquisition of property, plant and equipment
negative 3,462,000,000 US dollars
Other
negative 340,000,000 US dollars
Financing activities
negative 24,833,000,000 US dollars. Net cash used.
Payments for taxes related to net share settlement of equity awards
negative 2,514,000,000 US dollars
Payments for dividends and dividend equivalents
negative 3,945,000,000 US dollars
Repurchases of common stock
negative 21,075,000,000 US dollars
Repayments of term debt
negative 5,673,000,000 US dollars
Total repayments of commercial paper, net
3,903,000,000 US dollars
Other
negative 10,000,000 US dollars
Proceeds from issuance of term debt, net
4,481,000,000 US dollars
Operating adjustment reconciliation
11,634,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
33,217,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
14,024,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 28, 2025
36,269,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
61,102,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
8,107,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.19×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
27,867,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
3,462,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
24,405,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $4.43B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 27,867,000,000 US dollars minus 3,462,000,000 US dollars equals 24,405,000,000 US dollars.
Apple Inc. (AAPL) FY2025 Q3 Statement of Cash Flows Sankey chart
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