![]() ![]() However, we expect the tax rate to increase to about 18% from 2020 onward. Federal Income Tax Reforms, with the Effective Tax rate declining from 26% to 16% between 20. Income Tax Expense: Apple’s Provision for Income Taxes has declined from $15.7 billion in 2016 to about $10.5 billion in 2019, driven by U.S. Non-Operating Income: Apple’s Non-Operating Income has increased from $1.3 billion in 2016 to $1.8 billion in 2019 driven by higher Interest and Dividend Income from its investments, although it has been partly offset by higher interest expenses relating to more long-term debt.ģ. As a % of Revenues, SG&A has increased from 6.6% in 2016 to 7% in 2019.Ģ. SG&A Expenses have increased from $14.2 billion in 2016 to $18.2 billion in 2019. In 2014, Apples total expenses equaled nearly 88 billion dollars. As a % of Revenue, R&D expenses have grown from 4.7% in 2016 to 6.2% in 2019. Ability to analyze, adapt to, and find a creative solution to a problem. R&D Expenses increased from $10 billion in 2016 to about $16.2 billion in 2019 as Apple is likely to be investing in more long-term projects, which may not immediately impact revenues. As a % of Revenues, Cost of Sales has increased from 61% to 62% over the same period. Operating Expenses: Operating Expenses have increased from $156 billion in 2016 to $196 billion in 2019, driven by $30 Billion Increase In Cost Of Sales $ 6 Billion Increase In R&D Spending, and $ 4 Billion Increase In SG&A Expenses.Ĭost of Sales has increased from $131 Bil in 2016 to $162 Bil in 2019, driven by higher costs of memory and other propriety components. Non-Operating Expense (Income): -$1.9 billionīelow, we take a look at how the company’s key expense components have trended and the key reasons for the change.ġ.Apple’s Total Expenses Have Increased From $170 Billion in 2016 to $205 Billion in 2019įor 2020, we expect total expenses to stand at $218 billion, which comprises of ![]()
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