Financial Analysis (Final)

Profit Margin (%) 2018 2019 2020 2021 2022
AMZN 4.30% 4.10% 5.50% 7.10% -0.50%

GOOG 22.40% 21.20% 22% 29.50% 21.20%
MSFT 13.10% 27.40% 26.30% 30.90% 34.30%
Industry Average 13.27% 17.57% 17.93% 22.50% 18.33%
AAPL 20.80% 22% 34.40% 27.20% 24.50%
Asset Utilization
Ratio (%) 2018 2019 2020 2021 2022
AMZN 143.10% 124.50% 120.10% 111.70% 111%
GOOG 58.70% 58.60% 57.10% 71.70% 77.43%
MSFT 48.60% 49.90% 55.70% 59.40% 58%
Industry Average 83.47% 77.67% 77.63% 80.93% 82%
AAPL 75.30% 76.80% 84.75% 104.20% 111.78%
Return on Assets (%) 2018 2019 2020 2021 2022

AMZN 6.19% 5.14% 5.52% 7.10% -0.52%
GOOG 13.20% 12.40% 12.50% 21.10% 16.40%
MSFT 6.40% 14.90% 14.60% 18.30% 19.90%
Industry Average 8.60% 10.81% 10.87% 15.50% 11.93%
AAPL 15.60% 16.90% 29.20% 28.40% 27.40%
Equity Multiplier 2018 2019 2020 2021 2022

AMZN 1.1 1.6 3.4 6.7 10.6
GOOG 0.9 1 1.4 1.7 2
MSFT 1.2 1.7 2.1 2.8 3.5
Industry Average 1.066666667 1.433333333 2.3 3.733333333 5.3666666667
AAPL 5.6 6.6 5.1 5.3 3.8
Return on Equity (%) 2018 2019 2020 2021 2022

AMZN 6.8 8.3 22.8 53.7 -6.2
GOOG 11.9 13.6 18.1 37.7 33.7
MSFT 8 23.5 31.1 51.7 71.1
Industry Average 8.9 15.13333333 24 47.7 32.866666667
AAPL 88.9 113.2 150 152.7 107.1
P/E Ratio 2018 2019 2020 2021 2022

AMZN 72.7 78.8 76.5 50.6 -313
GOOG 23.4 27 29.6 25.4 19.3
MSFT 23.3 27.2 32.8 35.5 26.6
Industry Average 39.8 44.33333333 46.3 37.16666667 -89.03333333
AAPL 12.9 23 35.5 29.2 21.9
Net Income (in millions USD)
2018 2019 2020 2021

AMZN 10073 11588 21331 33364
GOOG 30736 34343 40269 76033
MSFT 16571 39240 44281 61271
Industry Average 19127 28390 35294 56889
AAPL 55256 57411 94680 99803
Total Revenue (in millions USD)
2018 2019 2020 2021

AMZN 232887 280522 386064 469822
GOOG 136819 161857 182527 257637
MSFT 125843 143015 168088 198270
AAPL 265595 260174 274515 365817
Total Assets (in millions USD)
2018 2019 2020 2021

AMZN 162648 225248 321195 420549
GOOG 232792 275909 319616 359268
MSFT 258848 286556 301311 333779
AAPL 352583 338516 323888 351002
Total Equity (in millions USD)
2018 2019 2020 2021

AMZN 146043 138245 93404 62060
GOOG 256144 251635 222544 201442
MSFT 206223 166542 141988 118304
Industry Average 202803.3333 185474 314039 127268.6667
AAPL 62146 50672 63090 65339
2022
-2722
59972
72738
43329
96995
2022
513983
282836
211915
336245
394328
2022
462675
365264
364840
397593
352755
2022
43549
177628
102330
107835.6667
90488
DuPont Analysis
Profit
Margin (%) 2018 2019 2020 2021 2022
Industry
Average 13.27% 17.57% 17.93% 22.50% 18.33%
AAPL 20.80% 22% 34.40% 27.20% 24.50%
Asset
Utilization
Ratio (%) 2018 2019 2020 2021 2022
Industry
Average 83.47% 77.67% 77.63% 80.93% 82%
AAPL 75.30% 76.80% 84.75% 104.20% 111.78%
Return on
Assets (%) 2018 2019 2020 2021
Industry
Average 8.60% 10.81% 10.87% 15.50%
AAPL 15.60% 16.90% 29.20% 28.40%
Equity
2022 Multiplier 2018 2019 2020
Industry
11.93% Average 1 1.44 2.3
27.40% AAPL 5.6 6.6 5.1
Return on
2021 2022 Equity (%) 2018 2019
Industry
3.7 5.3 Average 8.90% 15.13%
5.3 3.8 AAPL 49.10% 61.06%
2020 2021 2022 P/E Ratio 2018
Industry
24% 47.70% 32.80% Average 39.8
87.87% 150.07% 196.96% AAPL 12.9
2019 2020 2021 2022
44.3 46.3 37.1 -89.03

23 35.5 29.2 21.9
Apple (AAPL)
USD (THOUSANDS) 2018 2019 2020 2021
Total Revenues 265595 260174 274515 365817
Inventories 3956 4106 4061 6580
Account receivable 48,995 45804 37445 51506
Account payable -1,923 -4,062 12,326 9,448
Cost of good Sold 163,756 161,782 169,559 212,981
Total Assets 352583 338516 323888 351002
Current Assets 131,339 162,819 143,713 134,836
Sales per day 727.65753425 712.805479 752.09589 1002.23836
Payables deferral
period -4.286224627 -9.16436934 26.533478 16.1916791
Day Sales Outstanding
(receivables) 67.332498729 64.2587653 49.7875344 51.3909687
Inventory conversion
cycle 8.8176311097 9.26363872 8.74188336 11.2765927
Cash Conversion Cycle 80.436354466 82.6867733 31.9959397 46.4758824
Fixed Asset 221,244 175,697 180,175 216,166
Fixed Asset turnover 0.8330126697 0.67530576 0.65633936 0.59091294
Amazon (AMZN)
USD (THOUSANDS) 2018 2019 2020 2021
Total Revenues 232887 280522 386064 469822
Inventories -1314 -3278 -2849 -9487
Account receivable 16,677 20,816 24,542 32,891
Account payable 3,263 8,193 17,480 3,602
Cost of good Sold 139,156 165,536 233,307 272,344
Total Assets 162648 225248 321195 420549
Current Assets 75,101 96,334 132,733 161,580
Sales per day 638.04657534 768.553425 1057.70959 1287.18356
Payables deferral
period 8.5587039007 18.0652245 27.3468006 4.82746086
(receivables) 26.137590334 27.0846493 23.2029663 25.552688
cycle -3.446563569 -7.22785376 -4.45715302 -12.7146366
Cash Conversion Cycle 14.132322864 1.79157109 -8.60098724 8.01059054
Fixed Asset 87547 128914 188462 258969
Alphabet (GOOG)
USD (THOUSANDS) 2018 2019 2020 2021
Total Revenues 136819 161857 182527 257637
Inventories 1107 999 728 1170
Account receivable -2,169 -4,340 -6,524 -9,095
Account payable 1,067 428 694 283
Cost of good Sold 59,549 71,896 84,732 110,939
Total Assets 232792 275909 319616 359268
Current Assets 135,676 152,578 174,296 188,143
Sales per day 374.84657534 443.443836 500.073973 705.854795
Payables deferral
period 6.5400762397 2.1728608 2.9895435 0.93109727
(receivables) -5.78636739 -9.78703423 -13.0460699 -12.8850864
cycle 6.7852524811 5.07170079 3.13600529 3.84941274
Cash Conversion Cycle -5.541191149 -6.88819424 -12.8996081 -9.96677091
Fixed Asset 97,116 123,331 145,320 171,125
Fixed Asset turnover 1 1 1 1
Microsoft (MSFT)
USD (THOUSANDS) 2018 2019 2020 2021
Total Revenues 125843 143015 168088 198270
Inventories 2,662 2063 1895 2636
Account receivable -3,862 -2,812 -2,577 -6,841
Account payable 1,148 232 3,018 2,798
Cost of good Sold 38,353 42,910 46,078 52,232
Total Assets 258848 286556 301311 333779
Current Assets 169,662 175,552 181,915 184,406
Sales per day 344.77534247 391.821918 460.515068 543.205479
Payables deferral
period 10.925351341 1.97343277 23.9066366 19.5525731
(receivables) -11.2014971 -7.17672971 -5.5959081 -12.593761
cycle 25.333872187 17.5482405 15.0109597 18.4205085
Cash Conversion Cycle 3.2070237423 8.39807802 -14.491585 -13.7258257
Fixed Asset 89,186 111,004 119,396 149,373
2022 Average
394328 312085.8
4946 4730
60932 48,936
-1,889 2,780
223,546 186,325
352755 343749
135,405 141,622
1080.35068 855.029589
-3.08430927 5.445866573
56.4002049 57.23357487
8.07569807 9.265417164
67.5602122 61.05312546
217,350 202,126
0.55119089 0.647662918
2022 Average
513983 376656
-2592 -3904
42,360 27,457
2,945 7,097
288,831 219,835
462675 318,463
146,791 122,508
1408.1726 1031.933151
3.72163999 11.78275232
30.0815397 26.6075375
-3.27554868 -6.48195827
23.084351 8.342826904
315884 195955
0.61458064 0.520250329
2022 Average
282836 204335
2670 1335
-2,317 -4889
707 636
126,203 90664
365264 310570
164,795 163098
774.893151 559.8224658
2.04476122 2.55964343
-2.99008966 -8.73312577
7.72208268 5.373721375
2.6872318 -5.91904782
200,469 147,472
1 1
2022 Average
211915 169426
3742 2600
-6,834 -4585
2,943 2028
62,650 48445
364840 309067
169,684 176244
580.589041 464.1813699
17.1459697 15.2782147
-11.7708043 -9.87803539
21.8009577 19.58637289
-7.1158163 -5.56987721
195,156 132,823
0.92091641 0.783957853
Apple (AAPL)
Free Cash Flow

(2023) 99,584,000,000
Terminal Value Perpetual Growth

Rate 0
WACC 9.78%
TV 1,058,970,961,145
Market Capilization 2,869,000,000,000

Enterprise Value Long Term Debt 95,280,000,000
EV 2,964,280,000,000
Price per Share 186

Issued &
Equity Value Outstanding Shares 15,599,434,000
Equity Value 2899154808900
Year CF
2023 99,584
2022 111,443.00
2021 92,953
2020 73,365
Cash Flows 2019 58,896
2018 64,121
2017 51,774
2016 53,497
2015 70,019
2014 50,142
Year CF
2024 138276
Forecasted Cash
2025 143976
Flow
2026 150179
2027 156895
)
CF
160000
155000
150000
145000
140000
135000
130000
125000
2024 2025 2026 2027
135000
130000
125000
2024 2025 2026 2027
Input Range
Output
1 Sales growth 5.5% Range: Base
2 Gross margin 44.1% Net profit #REF!
Free cash
3 Accounts receivabl 2.1% flow
4 Inventory / sales 10.0%
5 Fixed assets / sale -6.0%
6 Accounts payables 2.4%
7 Terminal Value Gr 4.3%
Income
Statement
Revenues Base Year 1 2 3
Total revenue 437,500 461,563 486,948 513,731
Gross profit 54,855 203,549 214,744 226,555
Depreciation 29,115 34,199 30,635 27,419
Sales, general &
admin 25,221 9,231 9,739 10,275
Total operating
expense 54,336 43,430 40,374 37,694
Operating
Income 519 160,119 174,370 188,862
Taxes (at 35%) 182 56,042 61,030 66,102
Net profit after
taxes 337 104,077 113,341 122,760
+ Depreciation 34,199 30,635 27,419
Free Cash Flow 138,276 143,976 150,179
Balance
Sheet
Assets 1 2 3 4
Current Asset
Cash (Plug) 0 (0) 0 (0)
Accounts
receivable 50,102 9,554 10,080 10,634
Inventory 6,511 46,156 48,695 51,373
Total current
assets 143,692 55,711 143,692 143,692
Fixed assets
Fixed assets 353,510 352,066 350,543 348,936
Depreciation 11,519 45,718 76,353 103,772
Net fixed assets 341,991 306,348 274,190 245,164
Total assets 353514 274,632 386,638 509,367
Liabilities &
Equity
Accounts payable 58,146 1,366 32 1
Long term debt 95,088 95,088 95,088 95,088
Shareholders'
equity 74,100 178,177 291,518 414,278
Total liabilities &
equity 353,514 274,632 386,638 509,367
1
0
Output Ra Base 1 2 3
Net profit 337 104,077 113,341 122,760
Free cash flow 138,276 143,976 150,179
4
541,986
239,016
24,516
10,840
35,356
203,660
71,281
132,379
24,516
156,895
AAPL
Weighted Average Cost of Capital
Issued &
Outstanding
Shares 15,599,434,000
Equity Valuation Price per Share 186

Value of Shares 2899154808900
Market
Capilization 2,869,000,000,000
Weight of equity 0.967857287435735
Long Term Debt 95,280,000,000

Market Value of
Debt 95,280,000,000
Debt Valuation
Market Value of
Equity 2,869,000,000,000
Weight of Debt 0.0321427125642652
Risk Free Rate

(Rf) 1.80%
Market Risk
Premium (ERm) 5%
Cost of Equity
(CAPM) Beta of the AAPL
(βi) 1.29
Expected return
on Investment
(RE) 5.93%
Cost of Debt 4.45%

Tax Rate (t) 14.90%
WACC 9.78%
https://finance.yahoo.com/quote/
%5ECLTBWOWOM?
p=^CLTBWOWOM&.tsrc=fin-srch
Sales per day (2018 - 2022)
1600
1400
1200
1000
800
600
400
200
0
2018 2019 2020 2021 2022
AMZN GOOG MSFT

Industry Average APPL
Sales per
day 2018 2019 2020 2021 2022
AMZN 638.046575 768.553425 1057.70959 1287.18356 1408.1726
GOOG 374.846575 443.443836 500.073973 705.854795 774.893151
MSFT 344.775342 391.821918 460.515068 543.205479 580.589041
Industry
Average 452.556164 534.606393 672.76621 845.414612 921.218265
APPL 727.657534 712.805479 752.09589 1002.23836 1080.35068
Payable Deferral Period
30
25
20
15
10
0
2018 2019 2020 2021 2022
-5
-10
-15
AMZN GOOG MSFT

Payables
deferral period 2018 2019 2020 2021 2022
AMZN 8.5587039 18.0652245 27.3468006 4.82746086 3.72163999
GOOG 6.54007624 2.1728608 2.9895435 0.93109727 2.04476122
MSFT 10.9253513 1.97343277 23.9066366 19.5525731 17.1459697
Industry
Average 8.67471049 7.40383935 18.0809935 8.43704375 7.63745696
APPL -4.28622463 -9.16436934 26.533478 16.1916791 -3.08430927
Day Sales Outstanding (receivables)
80
70
60
50
40
30
20
10
2022
0
2018 2019 2020 2021 2022
-10
-20
AMZN GOOG MSFT

Day Sales
Outstanding
(receivables) 2018 2019 2020 2021
AMZN 67.3324987 64.2587653 49.7875344 51.3909687
GOOG -5.78636739 -9.78703423 -13.0460699 -12.8850864
MSFT -11.2014971 -7.17672971 -5.5959081 -12.593761
Industry Average 16.7815447 15.7650004 10.3818521 8.63737376

APPL 67.3324987 64.2587653 49.7875344 51.3909687
bles) Inventory conversion cycle
30
25
20
15
10
0
2018 2019 2020 2021 20
-5
021 2022
-10
-15
AMZN GOOG MSFT

Inventory
conversion
2022 cycle 2018 2019 2020
56.4002049 AMZN -3.44656357 -7.22785376 -4.45715302
-2.99008966 GOOG 6.78525248 5.07170079 3.13600529
-11.7708043 MSFT 25.3338722 17.5482405 15.0109597
Industry
13.8797703 Average 9.55752037 5.13069584 4.56327065
56.4002049 APPL 8.81763111 9.26363872 8.74188336
Cash Conversion
version cycle
100
80
60
40
20
020 2021 2022
0
2018 2019 2020 2021
-20
GOOG MSFT AMZN GOOG MS

APPL Industry Average APPL
Cash
Conversion
2021 2022 Cycle 2018 2019
-12.7146366 -3.27554868 AMZN 14.1323229 1.79157109
3.84941274 7.72208268 GOOG -5.54119115 -6.88819424
18.4205085 21.8009577 MSFT 3.20702374 8.39807802
Industry
3.18509487 8.7491639 Average 3.93271849 1.10048496
11.2765927 8.07569807 APPL 80.4363545 82.6867733
Cash Conversion Fixed Asset
350000
300000
250000
200000
150000
100000
50000
2020 2021 2022
0
2018 2019 2020
AMZN GOO
N GOOG MSFT Industry Average APP
stry Average APPL
2020 2021 2022 Fixed Assets 2018

-8.60098724 8.01059054 23.084351 AMZN 87547
-12.8996081 -9.96677091 2.6872318 GOOG 97,116
-14.491585 -13.7258257 -7.1158163 MSFT 89,186
Industry
-11.9973934 -5.22733534 6.21858883 Average 91283
31.9959397 46.4758824 67.5602122 APPL 221,244
Fixed Assets Fixed
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
2018 2019
8 2019 2020 2021 2022
AMZN
AMZN GOOG MSFT Industry Av
Fixed Asset
2019 2020 2021 2022 turnover
128914 188462 258969 315884 AMZN
123331 145320 171125 200469 GOOG
111004 119396 149373 195156 MSFT
Industry
121083 151059 193156 237170 Average
175697 180175 216166 217350 APPL
Fixed Asset turnover
2018 2019 2020 2021 2022
AMZN GOOG MSFT

2018 2019 2020 2021 2022

0.37592051 0.45955041 0.48816258 0.55120663 0.61458064
1 0.76197508 0.79615619 0.66420972 0.70878177
0.70870847 0.77617033 0.7103184 0.75338175 0.92091641
0.59814756 0.66589861 0.66487906 0.65626603 0.74809294

0.83301267 0.67530576 0.65633936 0.59091294 0.55119089
Apple (AAPL) 2018 2019 2020 2021 2022
LT Debt to
Equity Ratio 0.87 1.01 1.51 1.73 1.95
Amazon
(AMZN) 2018 2019 2020 2021 2022
LT Debt to
Equity Ratio 0.91 0.38 0.34 0.35 0.46
Alphabet
(GOOG) 2018 2019 2020 2021 2022
LT Debt to
Equity Ratio 0.02 0.02 0.06 0.06 0.06
Microsoft
(MSFT) 2018 2019 2020 2021 2022
LT Debt to
Equity Ratio 0.83 0.65 0.5 0.35 0.28
LT Debt to
Equity Ratio 2018 2019 2020 2021 2022
AAPL 0.87 1.01 1.51 1.73 1.95
Industry
average 0.59 0.35 0.3 0.19 0.27
Long term Debt to Equity ratio
2.5
1.5
0.5
0
2018 2019 2020 2021 2022
AAPL Industry average

Column1 Column2 Column3 Column4 Column5 Column6 Column7
Apple Inc (NMS: AAPL)
General Company Information

Principal Office Website
One Apple Park Way www.apple.com
Phone Primary NAICS

408 996-1010 334111 : Electronic Computer Manufacturing
Fax Closing Stock Price

408 974-2483 188.63 (as of 01/18/2024)
Auditor Incorporated
Ernst & Young LLP January 1977 , CA, United States
Number of EmployeeMergent Dividend Achiever

161,000 (ApproximateNo
Country Number of Shareholders

United States 23,763 (as of 10/20/2023)
Exchange and TickerAnnual Meeting

NMS : AAPL In February
Primary SIC
3571 : Electronic computers
Business Summary
Apple designs,
manufactures and
markets
smartphones,
personal computers,
tablets, wearables
and accessories, and
sells a variety of
related services.
Co.'s products
include: iPhone;
Mac; iPad; and
Wearables, Home
and Accessories,
which includes
AirPods®,
Apple TV®, Apple
Watch®, Beats®
products,
HomePod® mini and
accessories. Co.'s
services include:
advertising;
AppleCare, which
provides fee-based
service and support
products under the
AppleCare® brand;
cloud services;
digital content, which
includes App
Store®, Apple
Arcade®, Apple
Fitness+(sm), Apple
Music®, Apple
News+®, and Apple
TV+®; and payment
services, which
include Apple Card®
and Apple Pay®, a
cashless payment
service.
Pricing Information
PE Ratio
30.7716
% Price Change (100 Days)

4.91
Company
Financials
Income Statement
Exchange rate used
is that of the Year
End reported date
As Reported
Annual Income
Statement
Report Date 09/30/2023 09/24/2022 09/25/2021 09/26/2020 09/28/2019
Currency USD USD USD USD USD
Audit Status Not Not Not Not Not
Qualified Qualified Qualified Qualified Qualified
Consolidated Yes Yes Yes Yes Yes
Scale Millions Millions Millions Millions Millions
Products 298085 316199 297392 220747 213883
Services 85200 78129 68425 53768 46291
Net sales - 394328 365817 274515 260174
Cost of sales -
products 189282 201471 192266 151286 144996
Cost of sales -
services 24855 22075 20715 18273 16786
Cost of sales 214137 223546 212981 169559 161782
Gross margin 169148 170782 152836 104956 98392
Research &
development
expense 29915 26251 21914 18752 16217
Selling, general &
administrative
expense 24932 25094 21973 19916 18245
Total operating
expenses 54847 51345 43887 38668 34462
Operating income
(loss) 114301 119437 108949 66288 63930
Interest & dividend
income 3750 2825 2843 3763 4961
Interest expense 3933 2931 2645 2873 3576
Other income
(expense), net -565 -228 60 -87 422
Other income
(expense), net -382 -334 258 803 1807
Income (loss) before
provision for income
taxes 113736 119103 109207 67091 65737
Current federal
income tax expense
(benefit) - 7890 8257 6306 6384
Deferred federal
income tax expense
(benefit) - -2265 -7176 -3619 -2939
Total federal income

tax expense (benefit) - 5625 1081 2687 3445
Current state income

Deferred state
income tax expense
(benefit) - 84 -338 21 -67
Total state income

Current foreign
income tax expense
(benefit) - 8996 9424 3134 3962
Deferred foreign
income tax expense
(benefit) - 3076 2740 3383 2666
Total foreign income

Current Tax-State 1570 - - - -
Deferred Tax-
Foreign 669 - - - -
Deferred Tax-
Federal -3644 - - - -
Current Tax-Federal 9445 - - - -
Deferred Tax-State -49 - - - -
Current Tax-Foreign 8750 - - - -
Provision for (benefit
from) income taxes 16741 19300 14527 9680 10481
Net income (loss)
Weighted average
shares outstanding -
basic 15744.231 16215.963 16701.272 17352.119 18471.336
Weighted average
shares outstanding -
diluted 15812.547 16325.819 16864.919 17528.214 18595.652
Year end shares
outstanding 15550.061 15943.425 16426.786 16976.763 17772.944
Net earnings (loss)
per share - basic 6.16 6.15 5.67 3.31 2.993
Net earnings (loss)
per share - diluted 6.13 6.11 5.61 3.28 2.973
Cash dividends
declared per share 0.94 0.9 0.85 0.795 0.75
Number of full time
employees 161000 164000 154000 147000 137000
Number of common
stockholders 23763 23838 23502 22797 23233
Foreign currency
translation
adjustments -765 -1511 501 88 -408
Total revenues 383285 - - - -
Balance Sheet
Exchange rate used
is that of the Year
End reported date
As Reported
Annual Balance
Sheet
Report Date 09/30/2023 09/24/2022 09/25/2021
Currency USD USD USD
Audit Status Not Not Not
Qualified Qualified Qualified
Consolidated Yes Yes Yes
Scale Millions Millions Millions
Cash 28359 - -
Cash and cash
equivalents 1125 - -
Money market funds 481 - -
Cash & cash
equivalents 29965 23646 34940
Marketable securities 31590 24658 27699
Accounts receivable,
net 29508 28184 26278
Inventories 6331 4946 6580
Vendor non-trade
receivables 31477 32748 25228
Other current assets 14695 21223 14111
Total current assets 143566 135405 134836
Land & buildings 23446 22126 20041
Machinery &
equipment 78314 - -
Machinery,
equipment, &
internal-use software - 81060 78659
Leasehold
improvements 12839 11271 11023
Gross property, plant
& equipment 114599 114457 109723
Accumulated
depreciation &
amortization 70884 72340 70283
Property, plant &
equipment, net 43715 42117 39440
Other non-current
assets 64758 54428 48849
Operating leases 10661 - -
Other non-current
assets - Balancing
value 54097 - -
Total non-current
assets 209017 217350 216166
Total assets 352583 352755 351002
Accounts payable 62611 64115 54763
Finance leases 165 - -
Income taxes
payable 8819 - -
Other current
liabilities 50010 - -
Deferred revenue 8061 7912 7612
Other current
liabilities 58829 60845 47493
Commercial paper 5985 9982 6000
Term debt 9822 11128 9613
Other Current
Liabilities - Balancing
value 48435 - -
Total current
liabilities 145308 153982 125481
Floating & fixed-rate
notes 95281 111824 118063
Total debt - 111824 118063
Unamortized
discount - -374 -380
Hedge accounting
fair value
adjustments - -1363 1036
Less: current portion
of long-term debt - 11128 9613
Finance leases 859 - -
Term debt - 98959 109106
Deferred tax liabil &
oth non-current liabil 23124 - -
Long-term taxes
payable - 16657 24689
Other non-current
liabilities 15457 32485 28636
Other non-current
liabilities 34391 49142 53325
Other non-current
liabilities 49848 - -
Total non-current
liabilities 145129 148101 162431
Total liabilities 290437 302083 287912
Issued and Paid -
Common Stock 0.156 - -
Common stock 73812 64849 57365
Retained earnings -214 -3068 5562
Cumulative foreign
currency translation - - -
Unrecognized gains
(losses) on derivative
instruments - - -
Unrealized gains
(losses) on
marketable securities - - -
Accumulated other
comprehensive
income (loss) -11452 -11109 163
Additional paid in
capital 73811.844 - -
Total shareholders'
equity 62146 50672 63090
Total Equity 62146 - -
Cash Flows
Exchange rate used
is that of the Year
End reported date
As Reported
Annual Cash Flow
Report Date 09/30/2023 09/24/2022 09/25/2021
Audit Status Not Not Not
Qualified Qualified Qualified
Net income (loss) 96995 99803 94680
Depreciation &
Share-based
compensation
expense 10833 9038 7906
Deferred income tax
expense (benefit) - 895 -4774
Other adjustments -2227 111 -147
net -1688 -1823 -10125
Inventories -1618 1484 -2642
Vendor non-trade
receivables 1271 -7520 -3903
Other current & non-
current assets -5684 -6499 -8042
Accounts payable -1889 9448 12326
Deferred revenue - 478 1676
Other current & non-
current liabilities 3031 5632 5799
Net cash flows from
operating activities 110543 122151 104038
Purchases of
marketable securities - -76923 -109558
Proceeds from
maturities of
marketable securities 39686 29917 59023
Proceeds from sales
of marketable
securities 5828 37446 47460
Payments made in
connection with
business
acquisitions, net - -306 -33
Purchases of non-
marketable securities -29513 - -131
Proceeds from non-
marketable securities - - 387
Payments for
acquisition of
property, plant &
equipment -10959 -10708 -11085
Other cash flow from
investing activities -1337 -1780 -608
Net cash flows from
investing activities 3705 -22354 -14545
Proceeds from
issuance of common
stock - - 1105
Payments for taxes

related to net share
settlement of equity
awards -5431 -6223 -6556
Payments for
dividends & dividend
equivalents -15025 -14841 -14467
Increase (decrease)
in long-term
borrowings 5228 - -
Repurchases of
common stock -77550 -89402 -85971
Proceeds from
issuance of term
debt, net - 5465 20393
Repayments of term
debt -11151 -9543 -8750
Proceeds
from/(repayments of)
commercial paper,
net -3978 3955 1022
Other cash flows
from financing
activities -581 -160 -129
Net cash flows from
financing activities -108488 -110749 -93353
Net increase
(decrease) in cash,
cash equivalents &
restricted cash 5760 -10952 -3860
Cash, cash
equivalents &
restricted cash,
beginning balances 24977 35929 39789
Cash, cash
equivalents &
restricted cash,
ending balances 30737 24977 35929
Cash paid (received)
for income taxes, net 18679 19573 25385
Cash paid for
interest 3803 2865 2687
Ratios
Exchange rate used
is that of the Year
End reported date
Profitability Ratios 09/30/2023 09/24/2022 09/25/2021

ROA % (Net) 26.99 28.44 28.13
ROE % (Net) 168.71 175.94 147.85
ROI % (Operating) 65.01 66.81 59.77
EBITDA Margin % 31.94 33.05 32.88
Calculated Tax Rate
% 14.72 16.2 13.3
Revenue per
Employee 2335855 2411045 2381961
Liquidity Ratios 09/30/2023 09/24/2022 09/25/2021

Quick Ratio 0.84 0.71 0.91
Current Ratio 0.99 0.88 1.07
Net Current Assets
% TA -0.49 -5.27 2.67
Debt Management 09/30/2023 09/24/2022 09/25/2021

LT Debt to Equity 1.55 1.95 1.73
Total Debt to Equity 1.8 2.37 1.98
Interest Coverage 624.6 1126.76 -
Asset Management 09/30/2023 09/24/2022 09/25/2021

Total Asset Turnover 1.07 1.12 1.09
Receivables
Turnover 6.17 7.03 8.25
Inventory Turnover 37.98 38.79 40.03
Accounts Payable
Turnover 5.94 6.65 7.56
Property Plant &
Equip Turnover 8.76 9.7 9.63
Cash & Equivalents
Turnover 14.03 13.5 10.06
Per Share 09/30/2023 09/24/2022 09/25/2021

Cash Flow per Share 6.89 7.55 6.25
Book Value per Share 4 3.18 3.84
Column8 Column9 Column10
09/26/2020 09/28/2019
USD USD
Not Not
Qualified Qualified
Yes Yes
Millions Millions
- -
- -
- -
38016 48844
52927 51713
16120 22926
4061 4106
21325 22878
11264 12352
143713 162819
100887 105341
17952 17085
- -
75291 69797
10283 9075
103526 95957
66760 58579
36766 37378
42522 32978
- -
- -
180175 175697
323888 338516
42296 46236
- -
- -
- -
6643 5522
42684 37720
4996 5980
8773 10260
- -
- -
105392 105718
106078 101679
106078 101679
-314 -224
1676 612
8773 10260
- -
98667 91807
- -
28170 29545
26320 20958
54490 50503
- -
- -
153157 142310
258549 248028
- -
50779 45174
14966 45898
-1375 -1463
-877 172
1846 707
-406 -584
- -
65339 90488
- -
09/26/2020 09/28/2019
USD USD
Not Not
Qualified Qualified
Yes Yes
Millions Millions
57411 55256
11056 12547
6829 6068
-215 -340
-97 -652
6917 245
-127 -289
1553 2931
-9588 873
-4062 -1923
2081 -625
8916 -4700
80674 69391
-114938 -39630
69918 40102
50473 56988
-1524 -624
-210 -1001
92 1634
-7309 -10495
-791 -1078
-4289 45896
880 781
-3634 -2817
-14081 -14119
- -
-72358 -66897
16091 6963
-12629 -8805
-963 -5977
-126 -105
-86820 -90976
-10435 24311
50224 25913
39789 50224
9501 15263
3002 3423
09/26/2020 09/28/2019
17.38 15.74
73.89 56.07
35.33 30.51
28.14 29.56
14.43 15.94
1872579 1904298
09/26/2020 09/28/2019
1.22 1.38
1.36 1.54
11.83 16.87
09/26/2020 09/28/2019
1.51 1.01
1.72 1.19
- -
09/26/2020 09/28/2019
0.83 0.74
6.61 5.5
41.52 40.13
6.22 5.11
7.43 6.63
6.34 6.98
09/26/2020 09/28/2019
4.66 3.77
3.85 5.09
Column1 Column2 Column3 Column4 Column5 Column6 Column7
Powered by Clearbit
Amazon.com
Inc (NMS:
AMZN)
General
Company
Information
410 Terry Avenue
North Seattle, WA www.amazon.co
98109-5210 USA m
Phone Primary NAICS
459999 : All
Other
Miscellaneous
206 266-1000 Retailers
Fax Closing Stock

Price
153.5 (as of
206 266-1821 01/18/2024)
Auditor Incorporated
July 1994 , WA,
Ernst & Young LLP United States
Number of Mergent
Employees Dividend
Achiever
1,541,000
(Approximate Full-
Time as of
12/31/2022) No
Country Number of
Shareholders
10,845 (record)
(as of
United States 01/25/2023)
Exchange and Ticker

NMS : AMZN
Primary SIC
5961 : Catalog and
mail-order houses
Business
Summary
Amazon.com serves
primary customer sets,
consisting of
consumers, sellers,
including Kindle, Fire
tablet, Fire TV, Echo,
serves developers
Ring, Blink, and
and eero,
enterprises through
and it develops and
Amazon Web
Services, which
provides technology
services, including
compute, storage,
database, analytics,
and machine learning,
and other services.
Pricing
Information
PE Ratio
79.9479
% Price Change (100

Days)
16.44
Company
Financials
Income Statement
Exchange rate used is
that of the Year End
reported date
As Reported Annual
Income Statement
Report Date 12/31/2022 12/31/2021 12/31/2020
Audit Status Not Qualified Not Not
Qualified Qualified
Net product sales 242901 241787 215915
Net services sales 271082 228035 170149
Total net sales 513983 469822 386064
Cost of sales 288831 272344 233307
Fulfillment expenses 84299 75111 58517
Marketing expenses - 32551 22008
Sales & marketing 42238 - -
Technology & content
expenses 73213 56052 42740
General &
administrative
expenses 11891 8823 6668
Other operating
expense (income), net 1263 62 -75
Total operating
expenses & costs 501735 444943 363165
Operating income 12248 24879 22899
Interest income 989 448 555
Interest expense 2367 1809 1647
Marketable equity
securities valuation
gains (losses) -13870 - -
Equity warrant
valuation gains
(losses) -2132 - -
Upward adjustments
relating to equity
investments in private
companies 76 - -
Foreign currency gains
(losses) -340 - -
Foreign-currency gain
on intercompany
balances -540 - -
Other income
(expense), net -16806 14633 2371
Total non-operating
income (expenses) -18184 13272 1279
Income (loss) bef
income taxes- United
States -8225 35879 20219
income taxes -
International 2289 2272 3959
income taxes -5936 38151 24178
Current income taxes -
U.S. federal 2175 2129 1835
U.S. state 1074 763 626
international 1682 2209 956
Total current income
taxes - - -
Deferred income taxes
- U.S. federal -6686 155 -151
- U.S. state -1302 -178 -190
- international -160 -287 -213
Total deferred income
taxes - - -
Provision (benefit) for
income taxes -3217 4791 2863
Equity-method
investment activity, net
of tax -3 4 16
Net income (loss) -2722 33364 21331
Weighted average
shares outstanding-
basic 10189 10120 10000
Weighted average
shares outstanding-
diluted 10189 10300 10200
Year end shares
outstanding 10242 10180 10060
Net income (loss) per
share-basic -0.27 3.298 2.132
Net income (loss) per
share-diluted -0.27 3.241 2.092
Total number of
employees 1541000 1608000 1298000
Number of common
stockholders 10845 7282 6330
Foreign currency
translation
adjustments -2586 -819 561
Balance Sheet
reported date
As Reported Annual
Balance Sheet
Report Date 12/31/2022 12/31/2021 12/31/2020
Qualified Qualified
Cash & cash
equivalents 53888 36220 42122
Inventories 34405 32640 23795
net & other current
assets, gross 43760 33991 25642
Less: Allowance for
doubtful accounts
receivable 1400 1100 1100
net & other current
assets, net 42360 32891 24542
Total current assets 146791 161580 132733
Land & buildings 91650 81104 57324
Equipment 157458 128683 97224
Other assets 4602 4118 3772
Construction in
progress 30020 24895 15228
Gross property &
equipment 283730 238800 173548
Less accumulated
depreciation &
Property & equipment,
net 186715 160281 113114
Operating leases 66123 56082 37553
Goodwill 20288 15371 15017
Other assets 42758 27235 22778
Total assets 462675 420549 321195
Accrued expenses &
other current liabilities 62566 51775 44138
Unearned revenue 13227 11827 9708
Total current liabilities 155393 142266 126385
Long-term lease
liabilities 72968 67651 52573
Notes 69500 49750 32250
Credit Facility 1042 803 338
Other long-term debt - - 586
Total long-term debt 70542 50553 33174
Unamortized discount
and issuance costs,
net -393 -318 -203
Less current portion of
long-term debt 2999 1491 1155
Long-term debt 67150 48744 31816
Long-term capital
lease obligations - - -
Long-term financing
lease obligations - - -
Construction liability - - -
Tax contingencies - - -
Long-term deferred tax
liabilities - - -
Other long-term
liabilities - - -
Other long-term
liabilities 21121 23643 17017
Common stock 108 5 5
Treasury stock, at cost 7837 1837 1837
Additional paid-in
capital 75066 55538 42865
Accumulated other
comprehensive
income (loss) -4487 -1376 -180
Retained earnings
(accumulated deficit) 83193 85915 52551
Total stockholders'
equity (deficit) 146043 138245 93404
Cash Flows
reported date
As Reported Annual
Cash Flow
Report Date 12/31/2022 12/31/2021 12/31/2020
Qualified Qualified
Net income (loss) -2722 33364 21331
Depreciation of
property & equipment,
including internal-use
software & website
development, & other
amortization - - -
Depreciation &
amortization of
property & equipment
& capitalized content
costs, operating lease
assets, & other 41921 34296 25251
Stock-based
compensation 19621 12757 9208
Other operating
expense (income), net - 137 -71
Other expense
(income), net 16966 -14306 -2582
Deferred income taxes -8148 -310 -554
Inventories -2592 -9487 -2849
net & other current
assets -21897 -18163 -8169
Accrued expenses &
other liabilities -1558 2123 5754
Additions to unearned
revenue 2216 2314 1265
Net cash flows from
operating activities 46752 46327 66064
Purchases of property
& equipment -63645 -61053 -
Purchases of property
& equipment, including
internal-use software
& website
development - - -40140
Proceeds from
sales & incentives 5324 5657 5096
Proceeds from
incentives - - -
Acquisitions, net of
cash acquired, & other
Sales & maturities of
marketable securities 31601 59384 50237
Purchases of
marketable securities -2565 -60157 -72479
Net cash flows from
Proceeds from short-
term debt, & other
financing activities 41553 7956 6796
Repayments of short-
term debt, & other
financing activities -37554 -7753 -6177
Common stock
repurchased -6000 - -
Proceeds from long-
term debt 21166 19003 10525
Proceeds from long-
term debt & other
financing activities - - -
Repayment of long-
term debt -1258 -1590 -1553
Repayments of long-
term debt & other
financing activities - - -
Principal repayments
of capital lease
obligations - - -
of finance leases -7941 -11163 -10642
of financing obligations -248 -162 -53
Net cash flows from
financing activities 9718 6291 -1104
Foreign currency
effect on cash, cash
equivalents, &
restricted cash -1093 -364 618
Net increase
(decrease) in cash,
cash equivalents, &
restricted cash 17776 -5900 5967
Cash, cash
equivalents, &
restricted cash,
beginning of period 36477 42377 36410
Cash, cash
equivalents, &
restricted cash, end of
period 54253 36477 42377
Cash paid for interest
on debt 1561 875 916
Cash paid for
operating leases 8633 - -
on finance leases 374 - -
on financing
obligations 207 - -
Cash paid for income
taxes 6035 881 1713
on capital & finance
lease obligations - 686 714
Ratios
reported date
Profitability Ratios 12/31/2022 12/31/2021 12/31/2020

ROA % (Net) -0.62 9 7.79
ROE % (Net) -1.91 28.81 27.37
ROI % (Operating) 6.12 15.94 21.68
EBITDA Margin % 3.96 13.28 10.74
Calculated Tax Rate
% EBT<0 12.56 11.84
Revenue per
Employee 333539 292178 296617
Liquidity Ratios 12/31/2022 12/31/2021 12/31/2020

Quick Ratio 0.72 0.91 0.86
Current Ratio 0.94 1.14 1.05
Net Current Assets %
TA -1.86 4.59 1.98
Debt Management 12/31/2022 12/31/2021 12/31/2020

LT Debt to Equity 0.46 0.35 0.34
Total Debt to Equity 0.46 0.35 0.34
Interest Coverage 8.89 18.28 20.97
Asset Management 12/31/2022 12/31/2021 12/31/2020

Total Asset Turnover 1.16 1.27 1.41
Receivables Turnover 13.66 16.36 16.98
Inventory Turnover 8.62 9.65 10.53
Accounts Payable
Turnover 6.5 6.21 6.43
Property Plant & Equip
Turnover 2.96 3.44 4.14
Cash & Equivalents
Turnover 6.19 5.21 5.52
Per Share 12/31/2022 12/31/2021 12/31/2020

Cash Flow per Share 4.59 4.58 6.59
Book Value per Share 14.26 13.58 9.28
Column8 Column9 Column10 Column11
12/31/2019 12/31/2018
USD USD
Not Not
Qualified Qualified
Yes Yes
Millions Millions
160408 141915
120114 90972
280522 232887
165536 139156
40232 34027
18878 13814
- -
35931 28837
5203 4336
201 296
265981 220466
14541 12421
832 440
1600 1417
- -
- -
- -
- -
- -
203 -183
-565 -1160
13285 11157
691 104
13976 11261
162 -129
276 322
1140 563
- 756
914 565
8 5
-126 -129
- 441
2374 1197
-14 9
11588 10073
9880 9740
10080 10000
9960 9820
1.173 1.034
1.151 1.007
798000 647500
3169 2315
-30 -538
12/31/2019 12/31/2018
USD USD
Not Not
Qualified Qualified
Yes Yes
Millions Millions
36092 31750
18929 9500
20497 17174
21534 -
718 -
20816 16677
96334 75101
39223 31741
71310 54591
3111 2577
6036 6861
119680 95770
46975 33973
72705 61797
25141 -
14754 14548
16314 11202
225248 162648
47183 38192
32439 23663
8190 6536
87812 68391
39791 -
- -
- -
- -
- -
- -
- -
23414 23495
- 9650
- 6642
- 2516
- 896
- 1490
- 6019
12171 27213
5 5
1837 1837
33658 26791
-986 -1035
31220 19625
62060 43549
12/31/2019 12/31/2018
USD USD
Not Not
Qualified Qualified
Yes Yes
Millions Millions
11588 10073
- 15341
21789 -
6864 5418
164 274
-249 219
796 441
-3278 -1314
-7681 -4615
8193 3263
-1383 472
1711 1151
38514 30723
- -
-16861 -13427
4172 -
- 2104
-2461 -2186
22681 8240
-31812 -7100
-24281 -12369
- -
- -
- -
- -
2273 768
- -
-2684 -668
- -7449
-9628 -337
-27 -
-10066 -7686
70 -351
4237 10317
32173 21856
36410 32173
875 854
- -
- -
- -
881 1184
- 575
12/31/2019 12/31/2018
5.97 6.85
21.95 28.27
17.23 16.68
10.64 10.45
16.99 10.63
351531 359671
12/31/2019 12/31/2018
0.86 0.85
1.1 1.1
3.78 4.13
12/31/2019 12/31/2018
0.38 0.91
0.38 0.91
18.93 12.71
12/31/2019 12/31/2018
1.45 1.58
14.96 15.61
8.79 8.38
6.57 6.4
4.17 4.21
5.83 6.45
12/31/2019 12/31/2018
3.9 3.15
6.23 4.43
Column1 Column2 Column3 Column4 Column5 Column6 Column7 Column8
Alphabet Inc (NMS: GOOG L)

1600 Amphitheatwww.abc.xyz
Phone Primary NAICS

650 253-0000 513210 : Software Publishers
Auditor Closing Stock Price

Ernst & Young L 143.48 (as of 01/18/2024)
Number of EmplIncorporated
190,234 (Year EnSeptember 1998 , CA, United States
Country Mergent Dividend Achiever

United States No
Exchange and TNumber of Shareholders

NMS : GOOG L 6,670 (approx. record class A common), 1,657 (approx. record class C common), 64 (approx. record class B c
Primary SIC
7372 : Prepackaged software
Business Summary
Alphabet is a
holding
company.
Through its
subsidiaries,
Co. is engaged
in online
advertising;
cloud-based
solutions; sales
of other
products and
services; and
fees received
for subscription-
based products.
Co.'s segments
are Google
Services, which
include ads,
Android,
Chrome,
hardware,
Gmail, Google
Drive, Google
Maps, Google
Photos, Google
Play, Search,
and YouTube;
Google Cloud,
which include
Google Cloud
Platform and
Google
Workspace; and
Other Bets,
which includes
Pricing Information
PE Ratio
N/A

2.08
Company Financials
Income Statement
Exchange rate
used is that of
the Year End
reported date
As Reported
Annual Income
Statement
Report Date 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Currency USD USD USD USD
Audit Status Not Not Not Not
Qualified Qualified Qualified Available
Consolidated Yes Yes Yes Yes
Scale Millions Millions Millions Millions
Revenues 282836 257637 182527 161857
Cost of revenues 126203 110939 84732 71896
Research & deve 39500 31562 27573 26018
Sales & marketin 26567 22912 17946 18464
General & admini 15724 13510 11052 9551
European Comissi - - - 1697
Total costs & ex 207994 178923 141303 127626
Income from oper 74842 78714 41224 34231
Interest income 2174 1499 1865 2427
Interest expense 357 346 135 100
Foreign currency -654 -240 -344 103
Gain (loss) on ma - -110 725 149
Gain (loss) on deb -2064 - - -
Gain (loss) on equ -3455 12380 5592 2649
Performance fee -798 1908 609 326
Loss & impairmen 337 -334 -401 -390
Other income (ex 381 411 -637 102
Other income (ex -3514 12020 6858 5394
Income from conti 61307 77016 37576 16426
Income from conti 10021 13718 10506 23199
Income before in 71328 90734 48082 39625
Current provision 17120 10126 4789 2424
Current provision 2434 2692 1687 2713
Total current pro 19554 12818 6476 5137
Deferred provision -8052 2018 1552 286
Deferred provision -146 -135 -215 -141
Total deferred pro -8198 1883 1337 145
Provision for inc 11356 14701 7813 5282
Net income 59972 76033 40269 34343
Weighted average 13063 13353 13616.32 13851.92
Weighted average 14046 14462.08 14664.2 14901.66
Year end shares 12849 13242.42 13504.44 13766.7
Net income (loss) 4.59 5.694 2.958 2.48
Net income (loss) 4.56 5.61 2.931 2.458
Number of full t - - - -
Total number of 190234 156500 135301 118899
Number of class 6670 4907 4337 2455
Number of class 64 64 64 66
Number of class C 1657 1733 1942 2030
Foreign currency -1836 -1442 1139 -119
Balance Sheet
Exchange rate
used is that of
the Year End
reported date
As Reported
Annual
Balance Sheet
Report Date 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Cash & cash equi 21879 20945 26465 18498
Marketable securi 91883 118704 110229 101177
Total cash, cash 113762 139649 136694 119675
Accounts receivab 41012 39854 31719 26079
Allowance 754 550 789 753
Accounts receivab 40258 39304 30930 25326
Income taxes rece - 966 454 2166
Inventory 2670 1170 728 999
Other current ass 8105 7054 5490 4412
Total current ass 164795 188143 174296 152578
Non-marketable s 30492 29549 20703 13078
Deferred income 5261 1284 1084 721
Land & buildings 66897 58881 49732 39865
Information techn 66267 55606 45906 36840
Construction in p 27657 23171 23111 21036
Leasehold impro 10575 9146 7516 6310
Furniture & fixtur 314 208 197 156
Property & equip 171710 147012 126462 104207
Less: accumulate 59042 - - -
Less: accumulate - 49414 41713 30561
Property & equip 112668 97599 84749 73646
Operating lease 14381 12959 12211 10941
Intangible assets, 2084 1417 1445 1979
Goodwill 28960 22956 21175 20624
Other non-curren 6623 5361 3953 2342
Total assets 365264 359268 319616 275909
Accounts payabl 5128 6037 5589 5561
Accrued compensa 14028 13889 11086 8495
European commis 9106 9799 10409 -
Payables to broke - 397 - -
Accrued customer l 3619 3505 3118 -
Accrued purchase 3019 2415 2197 -
Current operating 2477 2189 1694 -
Other accrued exp 19645 12931 11213 -
Accrued expenses 37866 31236 28631 23067
Accrued revenue 8370 8996 7500 5916
Deferred revenue 3908 3288 2543 1908
Income taxes pay - 808 1485 274
Total current liabil 69300 64254 56834 45221
Unsecured senior 13000 13000 14000 4000
Future finance l 2142 2086 1201 -
Unamortized disc - - - -42
Subtotal 15142 15086 15201 3958
Unamortized disc -143 -156 -169 -
Capital lease obli - - - 685
Less: current port - - -999 -
Less: current por -298 -113 -101 -
Less: imputed int - - - -89
Long-term debt 14701 14817 13932 4554
Income taxes paya 9258 9176 8849 9885
Deferred income 514 5257 3561 1701
Operating lease li 12501 11389 11146 10214
Other long-term li 2247 2205 2269 2534
Total liabilities 109120 107633 97072 74467
Class A, class B, 68184 61774 58510 50552
Foreign currency -4142 -2306 -864 -2003
Unrealized gains -3477 236 1612 812
Unrealized gains 16 447 -115 -41
Accumulated othe -7603 -1623 633 -1232
Retained earning 195563 191484 163401 152122
Total stockholder 256144 251635 222544 201442
Cash Flows
Exchange rate
used is that of
the Year End
reported date
As Reported
Annual Cash
Flow
Report Date 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Net income 59972 76033 40269 34343
Depreciation & i 15287 11555 12905 10856
Amortization & im 641 886 792 925
Stock-based com 19362 15376 12991 10794
Deferred income -8081 1808 1390 173
Loss (gain) on deb 5519 -12270 -6317 -2798
Other adjustment 1030 -213 1267 -592
Accounts receivab -2317 -9095 -6524 -4340
Income taxes, ne 584 -625 1209 -3128
Other assets -5046 -1846 -1330 -621
Accounts payabl 707 283 694 428
Accrued expenses 3915 7304 5504 7170
Accrued revenue -445 1682 1639 1273
Net cash flows fr 91495 91652 65124 54520
Purchases of pro -31485 -24640 -22281 -23548
Proceeds from di - - - -
Purchases of mark -78874 -135196 -136576 -100315
Maturities & sale 97822 128294 132906 97825
Purchases of non -2531 -2838 -7175 -1932
Maturities & sale 150 934 1023 405
Acquisitions, net -6969 - - -
Acquisitions, net - -2618 -738 -2515
Other investing ac 1589 541 68 589
Net cash flows fro -20298 -35523 -32773 -29491
Net proceeds (pay -9300 -10162 -5720 -4765
Repurchases of s -59296 - - -
Repurchases of c - -50274 -31149 -18396
Proceeds from iss 52872 20199 11761 317
Repayments of d -54068 -21435 -2100 -585
Proceeds from sale 35 310 2800 220
Net cash flows fro -69757 -61362 -24408 -23209
Effect of exchan -506 -287 24 -23
Net increase (dec 934 -5520 7967 1797
Cash & cash equiv 20945 26465 18498 16701
Cash & cash equiv 21879 20945 26465 18498
Cash paid for inc 18892 13412 4990 8203
Cash paid for inte - - - -
Ratios
Exchange rate
used is that of
the Year End
reported date
Profitability Rat 12/31/2022 12/31/2021 12/31/2020 12/31/2019
ROA % (Net) 16.55 22.4 13.49 13.5
ROE % (Net) 23.62 32.07 18.94 18.12
ROI % (Operating 27.86 31.3 18.58 17.66
EBITDA Margin 30.21 39.6 32.9 30.32
Calculated Tax R 15.92 16.2 16.25 13.33
Revenue per Emp 1486779 1646243 1345358 1361298
Liquidity Ratios 12/31/2022 12/31/2021 12/31/2020 12/31/2019

Quick Ratio 2.22 2.79 2.95 3.21
Current Ratio 2.38 2.93 3.07 3.37
Net Current Asse 26.14 34.48 36.75 38.91
Debt Manageme 12/31/2022 12/31/2021 12/31/2020 12/31/2019

LT Debt to Equity 0.06 0.06 0.06 0.02
Total Debt to Equ 0.06 0.06 0.06 0.02
Asset Managem 12/31/2022 12/31/2021 12/31/2020 12/31/2019

Total Asset Turn 0.78 0.76 0.61 0.64
Receivables Turn 7.11 7.34 6.47 7.01
Inventory Turnov 65.73 116.9 98.13 68.28
Accounts Payabl 50.66 44.32 32.65 32.57
Accrued Expense 9.78 9.78 9.5 12.53
Property Plant & 2.69 2.83 2.3 2.43
Cash & Equivalen 13.21 10.87 8.1 9.2
Per Share 12/31/2022 12/31/2021 12/31/2020 12/31/2019

Cash Flow per S 7 6.86 4.77 3.94
Book Value per S 19.93 19 16.48 14.63
Column9 Column10
64 (approx. record class B common) (as of 12/31/2022)

12/31/2018
USD
Not
Qualified
Yes
Millions
136819
59549
21419
16333
8126
5071
110498
26321
1878
114
-80
1190
-
5460
-
120
378
8592
-
-
34913
2153
1251
3404
907
-134
773
4177
30736
13902.8
15002.98
13911.12
2.211
2.185
98771
98771
2026
65
2195
-781
12/31/2018
USD
Not
Qualified
Yes
Millions
16701
92439
109140
21567
729
20838
355
1107
4236
135676
13859
737
30179
30119
16838
5310
61
82507
-
22788
59719
-
2220
17888
2693
232792
4378
6839
-
-
-
-
-
-
16958
4592
1784
69
34620
4000
-
-50
3950
-
62
-
-
-
4012
396
11327
1264
-
3545
55164
45049
-1884
-688
266
-2306
134885
177628
12/31/2018
USD
Not
Qualified
Yes
Millions
30736
8164
871
9353
778
-6650
-189
-2169
-2251
-1207
1067
8614
483
371
47971
-25139
98
-50158
48507
-2073
1752
-
-1491
-
-28504
-4993
-
-9075
6766
-6827
950
-13179
-302
5986
10715
16701
5671
69
12/31/2018
14.29
18.62
15.57
30.83
11.96
1385214
12/31/2018
3.75
3.92
43.41
12/31/2018
0.02
0.02
12/31/2018
0.64
6.99
64.17
36.41
13.69
2.68
9.98
12/31/2018
3.45
12.77
Column1 Column2 Column3 Column4 Column5 Column6 Column7 Column8
Microsoft Corporation (NMS: MSFT)

Principal Offi Website
One Microsof www.microsoft.com
Phone Primary NAICS

425 882-8080 513210 : Software Publishers
Auditor Closing Stock Price

DELOITTE & 393.87 (as of 01/18/2024)
Number of EmIncorporated
221,000 (Appro
November 1975 , WA, United States
Country Mergent Dividend Achiever

United States Yes, # of Years: 17
Exchange andNumber of Shareholders

NMS : MSFT 83,883 (record) (as of 07/24/2023)
Primary SIC Annual Meeting

7372 : Prepac In December
Business Summary
Microsoft is a
technology
company that
develops and
supports
software,
services,
devices, and
solutions. Co.
provides a
range of
services,
including
cloud-based
solutions that
provide
software,
services,
platforms,
content,
solution
support and
consulting
services. Co.
also delivers
relevant
online
advertising.
Co.'s
products
include
operating
systems;
cross-device
productivity
applications;
server
Pricing Information
PE Ratio
38.1288

18.49
Company Financials
Income Statement
Exchange
rate used is
that of the
Year End
reported date
As Reported
Annual
Income
Statement
Report Date 06/30/2023 06/30/2022 06/30/2021 06/30/2020

Audit Status Not Qualified Not Qualified Not Not
Qualified Available
Product reven 64699 72732 71074 68041
Service & othe 147216 125538 97014 74974
Total revenue 211915 198270 168088 143015
Cost of revenu 17804 19064 18219 16017
Cost of revenu 48059 43586 34013 30061
Total cost of 65863 62650 52232 46078
Gross margin 146052 135620 115856 96937
Research & de 27195 24512 20716 19269
Sales & marke 22759 21825 20117 19598
General & admi 7575 5900 5107 5111
Operating inco 88523 83383 69916 52959
Interest & div 2994 2094 2131 2680
Interest expen 1968 2063 2346 2591
Net recognized 260 461 1232 32
Net gains (loss -456 -52 17 187
Net gains (los 181 -75 54 -191
Other income ( -223 -32 98 -40
Other income ( 788 333 1186 77
Income (loss) 52917 47837 34972 24116
Income (loss) 36394 35879 36130 28920
Income (loss) 89311 83716 71102 53036
Current U.S. fe 14009 8329 3285 3537
Current U.S. st 2322 1679 1229 763
Current foreign 6678 6672 5467 4444
Total current t 23009 16680 9981 8744
Deferred U.S. f -6146 -4815 25 58
Deferred U.S. s -477 -1062 -204 -6
Deferred foreig 564 175 29 -41
Total deferred -6059 -5702 -150 11
Provision (bene 16950 10978 9831 8755
Net income (lo 72361 72738 61271 44281
Weighted avera 7446 7496 7547 7610
Weighted avera 7472 7540 7608 7683
Year end shar 7432 7464 7519 7571
Net earnings (l 9.72 9.7 8.12 5.82
Net earnings (l 9.68 9.65 8.05 5.76
Cash dividend 2.72 2.48 2.24 2.04
Number of full 221000 221000 181000 163000
Number of com 83883 86465 89291 91674
Foreign curren - -1146 873 -426
Balance Sheet
Exchange
rate used is
that of the
Year End
reported date
As Reported
Annual
Balance
Sheet
Report Date 06/30/2023 06/30/2022 06/30/2021 06/30/2020

Qualified Available
Cash & cash e 34704 13931 14224 13576
Short-term inv 76558 90826 116110 122951
Total cash, ca 111262 104757 130334 136527
Accounts recei 49338 44894 38794 32799
Allowance for 650 633 751 788
Accounts recei 48688 44261 38043 32011
Raw materials 709 1144 1190 700
Work in proce 23 82 79 83
Finished good 1768 2516 1367 1112
Inventories 2500 3742 2636 1895
Other current 21807 16924 13393 11482
Total current a 184257 169684 184406 181915
Land 5683 4734 3660 1823
Buildings & i 68465 55014 43928 33995
Leasehold imp 8537 7819 6884 5487
Computer equi 74961 60631 51250 41261
Furniture & eq 6246 5860 5344 4782
Total property 163892 134058 111066 87348
Accumulated de 68251 59660 51351 43197
Property & equ 95641 74398 59715 44151
Operating leas 14346 13148 11088 8753
Equity investm 9879 6891 5984 2965
Goodwill 67886 67524 49711 43351
Intangible asse 9366 11298 7800 7038
Other long-ter 30601 21897 15075 13138
Total assets 411976 364840 333779 301311
Accounts paya 18095 19000 15163 12530
Current portion 5247 2749 8072 3749
Accrued compe 11009 10661 10057 7874
Short-term inc 4152 4067 2174 2130
Short-term un 50901 45538 41525 36000
Other current li 14745 13067 11666 10027
Total current li 104149 95082 88657 72310
Senior unsecur 52866 55511 63910 -
Unamortized d -438 -471 -511 -
Hedge fair val -106 -68 40 -
Premium on de -5085 -5191 -5293 -
Current portion -5247 -2749 -8072 -
Long-term deb 41990 47032 50074 59578
Long-term inc 25560 26069 27190 29432
Long-term une 2912 2870 2616 3180
Deferred inco 433 230 198 204
Operating lease 12728 11489 9629 7671
Other long-term 17981 15526 13427 10632
Common stock & 93718 86939 83111 80552
Retained earni 118848 84281 57055 34566
Derivatives -27 -13 -19 -38
Investments -3582 -2138 3222 5478
Translation a -2734 -2527 -1381 -2254
Cumulative eff - - - -
Accumulated o -6343 -4678 1822 3186
Total stockhold 206223 166542 141988 118304
Cash Flows
Exchange
rate used is
that of the
Year End
reported date
As Reported
Annual Cash
Flow
Report Date 06/30/2023 06/30/2022 06/30/2021 06/30/2020
Qualified Available
Net income (lo 72361 72738 61271 44281
Depreciation, 13861 14460 11686 12796
Stock-based c 9611 7502 6118 5289
Net recognized 196 -409 -1249 -219
Deferred inco -6059 -5702 -150 11
Accounts recei -4087 -6834 -6481 -2577
Inventories 1242 -1123 -737 168
Other current -1991 -709 -932 -2330
Other long-ter -2833 -2805 -3459 -1037
Accounts paya -2721 2943 2798 3018
Unearned rev 5535 5109 4633 2212
Income taxes -358 696 -2309 -3631
Other current li 2272 2344 4149 1346
Other long-term 553 825 1402 1348
Net cash flows 87582 89035 76740 60675
Cash premium - - -1754 -3417
Repayments of -2750 -9023 -3750 -5518
Common stock 1866 1841 1693 1343
Common stock -22245 -32696 -27385 -22968
Common stock -19800 -18135 -16521 -15137
Other financing -1006 -863 -769 -334
Net cash flows -43935 -58876 -48486 -46031
Additions to p -28107 -23886 -20622 -15441
Acquisition of -1670 -22038 -8909 -2521
Purchases of -37651 -26456 -62924 -77190
Other investing -3116 -2825 -922 -1241
Maturities of 33510 16451 51792 66449
Sales of inves 14354 28443 14008 17721
Net cash flows -22680 -30311 -27577 -12223
Effect of fore -194 -141 -29 -201
Net change in 20773 -293 648 2220
Cash & cash eq 13931 14224 13576 11356
Cash & cash eq 34704 13931 14224 13576
Cash paid for i - - - -
Income taxes 23.1 16 13400 12500
Ratios
Exchange
rate used is
that of the
Year End
reported date
Profitability 06/30/2023 06/30/2022 06/30/2021 06/30/2020

ROA % (Net) 18.63 20.82 19.3 15.02
ROE % (Net) 38.82 47.15 47.08 40.03
ROI % (Operat 37.69 40.04 36.63 29.66
EBITDA Margi 46.85 48.56 47.96 44.5
Calculated Ta 18.98 13.11 13.83 16.51
Revenue per 958891 897149 928663 874995
Liquidity Rati 06/30/2023 06/30/2022 06/30/2021 06/30/2020

Quick Ratio 1.54 1.57 1.9 2.33
Current Ratio 1.77 1.78 2.08 2.52
Net Current A 19.44 20.45 28.69 36.38
Debt Manage 06/30/2023 06/30/2022 06/30/2021 06/30/2020

LT Debt to Equ 0.2 0.28 0.35 0.5
Total Debt to E 0.23 0.3 0.41 0.54
Interest Cover - - 325.19 -
Asset Manag 06/30/2023 06/30/2022 06/30/2021 06/30/2020

Total Asset Tu 0.55 0.57 0.53 0.49
Receivables T 4.56 4.82 4.8 4.64
Inventory Turn 21.1 19.65 23.06 23.28
Accounts Paya 11.43 11.61 12.14 13.02
Accrued Expen 19.56 19.14 18.75 19.4
Property Plant 2.49 2.96 3.24 3.54
Cash & Equiva 8.71 14.08 12.09 11.44
Per Share 06/30/2023 06/30/2022 06/30/2021 06/30/2020

Cash Flow per 11.76 11.88 10.17 7.95
Book Value pe 27.75 22.31 18.88 15.63
Column9 Column10
06/30/2019
USD
Not
Qualified
Yes
Millions
66069
59774
125843
16273
26637
42910
82933
16876
18213
4885
42959
2762
2686
648
144
-82
-57
729
15799
27889
43688
4718
662
5531
10911
-5647
-1010
194
-6463
4448
39240
7673
7753
7643
5.11
5.06
1.84
144000
94069
-318
06/30/2019
USD
Not
Qualified
Yes
Millions
11356
122463
133819
29935
411
29524
399
53
1611
2063
10146
175552
1540
26288
5316
33823
4840
71807
35330
36477
7379
2649
42026
7750
14723
286556
9382
5516
6830
5665
32676
9351
69420
-
-
-
-
-
66662
29612
4530
233
6188
7581
184226
78520
24150
-
1555
-1828
-67
-340
102330
06/30/2019
USD
Not
Qualified
Yes
Millions
39240
11682
4652
-792
-6463
-2812
597
-1718
-1834
232
4462
2929
1419
591
52185
-
-4000
1142
-19543
-13811
-675
-36887
-13925
-2388
-57697
-
20043
38194
-15773
-115
-590
11946
11356
2400
8400
06/30/2019
14.39
42.41
25.77
42.36
10.18
873910
06/30/2019
2.35
2.53
37.04
06/30/2019
0.65
0.71
-
06/30/2019
0.46
4.49
18.16
13.98
19.46
3.82
10.8
06/30/2019
6.8
13.39
Powered by Clearbit
Microsoft Corporation (NMS: MSFT)

Principal Office
One Microsoft Way Redmond, WA 98052-6399 USA
Phone
425 882-8080
Website
Auditor www.microsoft.com
DELOITTE & TOUCHE LLP
Primary NAICS
Number of Employees 513210 : Software Publishers
221,000 (Approximate Full-Time as of 06/30/2023)
Closing Stock Price
Country 389.47 (as of 01/17/2024)
United States
Incorporated
Exchange and Ticker November 1975 , WA, United States
NMS : MSFT
Mergent Dividend Achiever
Primary SIC Yes, # of Years: 17
7372 : Prepackaged software
Number of Shareholders
83,883 (record) (as of 07/24/2023)
Business Summary
Microsoft is a technology company Annual Meeting
that develops and supports software,
services, devices, and solutions. Co.
provides a range of services,
including cloud-based solutions that
provide software, services,
platforms, content, solution support
and
consulting services. Co. also delivers

relevant online advertising. Co.'s
products include operating systems;
cross-device productivity
applications; server applications;
business solution applications;
desktop and server management
tools; software
In December
development tools; and video
games. Co. also designs and sells
devices, including personal
computers, tablets, gaming and
entertainment consoles, other
intelligent devices, and related
accessories.
Pricing Information
PE Ratio
37.7028

18.60
Company Financials
Income Statement
Exchange rate used is that of the
Year End reported date
The periods displayed have been

restated or reclassified by the
company.
Restated Annual Income

Statement
Report Date
Currency
Audit Status
Consolidated
Scale
06/30/202 06/30/202 06/30/201 06/30/201
Product revenue 2 1 9 8
Service & other revenue USD USD USD USD
Not Not Not Not
Total revenue Qualified Qualified Available Qualified
Cost of revenue - product Yes Yes Yes Yes
Cost of revenue - service & other Millions Millions Millions Millions
Total cost of revenue 72732 71074 66069 64497
Gross margin 125538 97014 59774 45863
Research & development 198270 168088 125843 110360
Sales & marketing 19064 18219 16273 15420
General & administrative 43586 34013 26637 22933
Restructuring 62650 52232 42910 38353
Operating income (loss) 135620 115856 82933 72007
Interest & dividends income 24512 20716 16876 14726
Interest expense 21825 20117 18213 17469
Net recognized gains (losses) on inv 5900 5107 4885 4754
Net gains (losses) on derivatives - - - -
Net gains (losses) on foreign curren 83383 69916 42959 35058
Other income (expense), net 2094 2131 2762 2214
Other income (expense), net 2063 2346 2686 2733
Income (loss) before income taxes - U 461 1232 648 2399
Income (loss) before income taxes - f -52 17 144 -187
Income (loss) before income taxes -75 54 -82 -218
Current U.S. federal taxes provision (b -32 98 -57 -59
Current U.S. state & local taxes provis 333 1186 729 1416
Current foreign taxes provision (benefi 47837 34972 15799 11527
Total current taxes provision (benefit) 35879 36130 27889 24947
Deferred U.S. federal taxes provision 83716 71102 43688 36474
Deferred U.S. state & local taxes provi 8329 3285 4718 19764
Deferred foreign taxes provision (bene 1679 1229 662 934
Total deferred taxes provision (benefit 6672 5467 5531 4348
Provision (benefit) for income taxes 16680 9981 10911 25046
Net income (loss) -4815 25 -5647 -4292
Weighted average shares outstanding -1062 -204 -1010 -458
Weighted average shares outstanding 175 29 194 -393
Year end shares outstanding -5702 -150 -6463 -5143
Net earnings (loss) per share - basic 10978 9831 4448 19903
Net earnings (loss) per share - diluted 72738 61271 39240 16571
Cash dividends declared per common 7496 7547 7673 7700
Number of full time employees 7540 7608 7753 7794
Number of common stockholders 7464 7519 7643 7677
Foreign currency translation adjustme 9.7 8.12 5.11 2.15
9.65 8.05 5.06 2.13
2.48 2.72 1.84 1.68
221000 181000 144000 97535
86465 89291 94069 131000
- - -318 -178
Balance Sheet

company.
Restated Annual Balance Sheet

Report Date
Currency
Audit Status
Consolidated
Scale
06/30/202 06/30/202 06/30/201 06/30/201
Cash & cash equivalents 2 1 9 8
Short-term investments USD USD USD USD
Not Not Not Not
Total cash, cash equivalents, & short Qualified Qualified Available Qualified
Accounts receivable, gross Yes Yes Yes Yes
Allowance for doubtful accounts Millions Millions Millions Millions
Accounts receivable, net 13931 14224 11356 11946
Raw materials 90826 116110 122463 121822
Work in process 104757 130334 133819 133768
Finished goods 44894 38794 29935 26858
Inventories 633 751 411 377
Other current assets 44261 38043 29524 26481
Total current assets 1144 1190 399 655
Land 82 79 53 54
Buildings & improvements 2516 1367 1611 1953
Leasehold improvments 3742 2636 2063 2662
Computer equipment & software 16924 13393 10146 6751
Furniture & equipment 169684 184406 175552 169662
Total property & equipment, at cost 4734 3660 1540 1254
Accumulated depreciation - property 55014 43928 26288 20604
Property & equipment, net 7819 6884 5316 4735
Operating lease right-of-use assets 60631 51250 33823 27633
Equity investments 5860 5344 4840 4457
Equity & other investments 134058 111066 71807 58683
Goodwill 59660 51351 35330 29223
Intangible assets, net 74398 59715 36477 29460
Other long-term assets 13148 11088 7379 6686
Total assets 6891 5984 2649 1862
Accounts payable - - - -
Short-term debt 67524 49711 42026 35683
Current portion of long-term debt 11298 7800 7750 8053
Accrued compensation 21897 15075 14723 7442
Short-term income taxes 364840 333779 286556 258848
Short-term unearned revenue 19000 15163 9382 8617
Other current liabilities - - - -
Total current liabilities 2749 8072 5516 3998
Senior unsecured obligations 10661 10057 6830 6103
Unamortized debt discount 4067 2174 5665 2121
Hedge fair value adjustment 45538 41525 32676 28905
Premium on debt exchange 13067 11666 9351 8744
Current portion of long-term debt 95082 88657 69420 58488
Long-term debt 55511 63910 - -
Long-term income taxes -471 -511 - -
Long-term unearned revenue -68 40 - -
Deferred income taxes -5191 -5293 - -
Operating lease liabilities -2749 -8072 - -
Other long-term liabilities 47032 50074 66662 72242
Common stock & paid-in capital 2870 2616 4530 3815
Retained earnings (accumulated defici 230 198 233 541
Derivatives 11489 9629 6188 5568
Investments 15526 13427 7581 5211
Translation adjustments & other acc 198298 191791 184226 176130
Cumulative effect of accounting chan 86939 83111 78520 71223
Accumulated other comprehensive inc 84281 57055 24150 13682
Total stockholders' equity (deficit) -13 -19 0 173
-2138 3222 1488 -850
-2527 -1381 -1828 -1510
- - - -
-4678 1822 -340 -2187
166542 141988 102330 82718
Cash Flows

company.
Restated Annual Cash Flow

Report Date
Currency
Audit Status
Consolidated
Scale
06/30/202 06/30/202 06/30/201 06/30/201
Net income (loss) 2 1 9 8
Depreciation, amortization, & other a USD USD USD USD
Not Not Not Not
Stock-based compensation expense Qualified Qualified Available Qualified
Net recognized losses (gains) on inve Yes Yes Yes Yes
Deferred income taxes Millions Millions Millions Millions
Accounts receivable 72738 61271 39240 16571
Inventories 14460 11686 11682 10261
Other current assets 7502 6118 4652 3940
Other long-term assets -409 -1249 -792 -2212
Accounts payable -5702 -150 -6463 -5143
Unearned revenue -6834 -6481 -2812 -3862
Income taxes -1123 -737 597 -465
Other current liabilities -709 -932 -1718 -952
Other long-term liabilities -2805 -3459 -1834 -285
Net cash flows from operating activiti 2943 2798 232 1148
Repayments of short-term debt, maturit 5109 4633 4462 5922
Proceeds from (repayment of) issuance 696 -2309 2929 18183
Proceeds from issuance of debt 2344 4149 1419 798
Cash premium on debt exchange 825 1402 591 -20
Repayments of debt 89035 76740 52185 43884
Common stock issued - - - -
Common stock repurchased - - - -7324
Common stock cash dividends paid - - - 7183
Other financing activities, net - -1754 - -
Net cash flows from financing activitie -9023 -3750 -4000 -10060
Additions to property & equipment 1841 1693 1142 1002
Acquisition of companies, net of cash -32696 -27385 -19543 -10721
Purchases of investments -18135 -16521 -13811 -12699
Other investing activities, net -863 -769 -675 -971
Maturities of investments -58876 -48486 -36887 -33590
Sales of investments -23886 -20622 -13925 -11632
Securities lending payable -22038 -8909 -2388 -888
Net cash flows from investing activitie -26456 -62924 -57697 -137380
Effect of foreign exchange rates on c -2825 -922 - -98
Net change in cash & cash equivalent 16451 51792 20043 26360
Cash & cash equivalents, beginning o 28443 14008 38194 117577
Cash & cash equivalents, end of peri - - - -
Cash paid for interest -30311 -27577 -15773 -6061
Income taxes paid -141 -29 -115 50
-293 648 -590 4283
14224 13576 11946 7663
13931 14224 11356 11946
- - - -
16 13400 8400 5500
Ratios
Profitability Ratios
ROA % (Net)
ROE % (Net)
ROI % (Operating)
EBITDA Margin %
06/30/202 06/30/202 06/30/202 06/30/202
Calculated Tax Rate % 3 2 1 0
Revenue per Employee 18.63 20.82 19.3 15.02
38.82 47.15 47.08 40.03
Liquidity Ratios 37.69 40.04 36.63 29.66
Quick Ratio 46.85 48.56 47.96 44.5
Current Ratio 18.98 13.11 13.83 16.51
Net Current Assets % TA 958891 897149 928663 874995
Debt Management 06/30/202 06/30/202 06/30/202 06/30/202

3 2 1 0
LT Debt to Equity 1.54 1.57 1.9 2.33
Total Debt to Equity 1.77 1.78 2.08 2.52
Interest Coverage 19.44 20.45 28.69 36.38
Asset Management 06/30/202 06/30/202 06/30/202 06/30/202

3 2 1 0
Total Asset Turnover 0.2 0.28 0.35 0.5
Receivables Turnover 0.23 0.3 0.41 0.54
Inventory Turnover - - 325.19 -
Accounts Payable Turnover
06/30/202 06/30/202 06/30/202 06/30/202
Accrued Expenses Turnover 3 2 1 0
Property Plant & Equip Turnover 0.55 0.57 0.53 0.49
Cash & Equivalents Turnover 4.56 4.82 4.8 4.64
21.1 19.65 23.06 23.28
Per Share 11.43 11.61 12.14 13.02
Cash Flow per Share 19.56 19.14 18.75 19.4
Book Value per Share 2.49 2.96 3.24 3.54
8.71 14.08 12.09 11.44
06/30/202 06/30/202 06/30/202 06/30/202

3 2 1 0
11.76 11.88 10.17 7.95
27.75 22.31 18.88 15.63
06/30/201
7
USD
Not
Qualified
Yes
Millions
63811
32760
96571
15175
19086
34261
62310
13037
15461
4481
306
29025
1387
2222
2583
-510
-111
-251
876
6843
23058
29901
2739
30
2472
5241
-554
269
-544
-829
4412
25489
7746
7832
7708
3.29
3.25
1.56
124000
101825
-
06/30/201
7
USD
Not
Qualified
Yes
Millions
7663
125318
132981
22776
345
22431
797
145
1239
2181
5103
162696
1107
16284
5064
21414
4044
47913
24179
23734
6555
-
6023
35122
10106
6076
250312
7390
9072
1049
5819
718
24013
7684
55745
-
-
-
-
-
76073
13485
2643
5734
5372
3549
162601
69315
17769
134
1825
-1332
0
627
87711
06/30/201
7
USD
Not
Qualified
Yes
Millions
25489
8778
3266
-2073
-829
-1216
50
1028
-917
81
3820
1792
356
-118
39507
-4963
-
44344
-
-7922
772
-11788
-11845
-190
8408
-8129
-25944
-176905
-
28044
136350
-197
-46781
19
1153
6510
7663
1600
2400
06/30/201
9
14.39
42.41
25.77
42.36
10.18
873910
06/30/201
9
2.35
2.53
37.04
06/30/201
9
0.65
0.71
-
06/30/201
9
0.46
4.49
18.16
13.98
19.46
3.82
10.8
06/30/201
9
6.8
13.39

Financial Analysis (Final)

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Profit Margin (%) 2018 2019 2020 2021 2022

AMZN 4.30% 4.10% 5.50% 7.10% -0.50%

Return on Assets (%) 2018 2019 2020 2021 2022

Equity Multiplier 2018 2019 2020 2021 2022

Return on Equity (%) 2018 2019 2020 2021 2022

P/E Ratio 2018 2019 2020 2021 2022

2018 2019 2020 2021

Total Revenue (in millions USD)

2018 2019 2020 2021

Total Assets (in millions USD)

2018 2019 2020 2021

Total Equity (in millions USD)

2018 2019 2020 2021

44.3 46.3 37.1 -89.03

Free Cash Flow

Terminal Value Perpetual Growth

Market Capilization 2,869,000,000,000

Price per Share 186

Free Cash Flow 138,276 143,976 150,179

Weighted Average Cost of Capital

Equity Valuation Price per Share 186

Long Term Debt 95,280,000,000

Weight of Debt 0.0321427125642652

Risk Free Rate

Cost of Debt 4.45%

AMZN GOOG MSFT

AMZN GOOG MSFT

AMZN GOOG MSFT

Industry Average 16.7815447 15.7650004 10.3818521 8.63737376

AMZN GOOG MSFT

GOOG MSFT AMZN GOOG MS

2020 2021 2022 Fixed Assets 2018

2018 2019 2020 2021 2022

AMZN GOOG MSFT

2018 2019 2020 2021 2022

0.59814756 0.66589861 0.66487906 0.65626603 0.74809294

AAPL Industry average

General Company Information

Phone Primary NAICS

Fax Closing Stock Price

Number of EmployeeMergent Dividend Achiever

Country Number of Shareholders

Exchange and TickerAnnual Meeting

% Price Change (100 Days)

Total federal income

Current state income

Total state income

Total foreign income

Payments for taxes

Profitability Ratios 09/30/2023 09/24/2022 09/25/2021

Liquidity Ratios 09/30/2023 09/24/2022 09/25/2021

Debt Management 09/30/2023 09/24/2022 09/25/2021

Asset Management 09/30/2023 09/24/2022 09/25/2021

Per Share 09/30/2023 09/24/2022 09/25/2021

Phone Primary NAICS

Fax Closing Stock

Exchange and Ticker

% Price Change (100

Profitability Ratios 12/31/2022 12/31/2021 12/31/2020

Liquidity Ratios 12/31/2022 12/31/2021 12/31/2020