INCOME Statement - The FUNDAMENTALS of Business | Apple

The video includes and explains all parts of the income statement or the consolidated statement of operations, with the technology company Apple Inc., as a leading example.

Every step in the income statement, from the net and cost of sales together with operating expenses and incomes, adding up to the net income, are examined and clarified.

This is the first part of a series to understand and explain the financial statement with the financial statement from Apple Inc - 2022.

Find the financial statement of Apple Inc - 2022 here: investor.apple.com/investor-relations/default.aspx

▬▬ Content ▬▬

00:00 - Intro
00:28 - Net Sales
00:46 - Products
02:08 - Services
04:23 - Cost of Sales
04:40 - Products
05:48 - Services
07:32 - Operating Expenses
07:45 - Research & Development
08:39 - Selling, General & Administrative
10:09 - Operating & Other Income/(Expense)
11:40 - Provisions for Income Taxes
12:47 - Ending



References:
www.netsuite.com/portal/resource/articles/financia…
learn.financestrategists.com/explanation/manufactu…
www.cloudzero.com/blog/saas-cogs
www.saas-capital.com/blog-posts/what-should-be-inc…
www.educba.com/cost-of-sales-formula/
dgtlinfra.com/apple-data-center-locations
www.wallstreetmojo.com/operating-expense-opex/
www.investopedia.com/terms/s/sga.asp
www.wallstreetmojo.com/non-marketable-securities/
pro.bloombergtax.com/brief/how-to-calculate-the-as…
www.mosaic.tech/post/tax-provisioning