This year's Fortune 500 marks the 65th time in the list. In total, Fortune 500 companies represent two-thirds of US GDP with $ 13.7 billion in revenue, $ 1.1 billion in profits, $ 22.6 billion in market value, and employing 28.7 million people worldwide. For 2018, Apple moved from # 4 to # 3 on the prestigious Fortune 500 List and was top-ranked technology company in America, with Amazon coming in next by # 5.
2018 is remembered as The year Apple first achieved a market value of $ 1 trillion, as well as when the growth of the iPhone, Apple's largest single product, began to slow. Before the introduction of the iPod iPhone precursor, Apple was once a thrilling data maker. Now only one dealer and an oil company are bigger. Its Challenge: As Consumers Apple Relies as a Service Provider. Already iTunes, Apple Music, iCloud and cut from sales in its popular Apple Store generate billions of dollars of sales.
Fortune 500 List: Their Methodology
Businesses are ranked by total revenue for their respective fiscal years. Included in the survey are companies incorporated in the United States and operating in the United States and filing accounts with a government agency. This includes private companies and cooperatives that make a 10-K or a comparable account with a government agency and mutual insurance company as a government regulator file. It also includes companies that file with a government agency but are owned by private companies, domestic or foreign, who do not submit such accounts. Excluded are private companies that do not file with a government agency; companies incorporated outside the United States; and US companies consolidated by other companies, domestically or overseas, that file with a government agency. Also excluded are companies that did not report the entire accounts in at least three quarters of the current fiscal year. Percentage change calculations for income, net income and earnings per share are based on data reported originally. They are not converted for mergers, acquisitions or changes in the accounts. The only changes in previous years data are for significant recovery due to reporting errors that require a company to send a modified 10-K.
Revenue is reported, including revenues from discontinued operations when published. If a spin-off is on the list, it is not included in discontinued operations. Revenue for commercial banks includes interest and non-interest income. Income for insurance companies includes premium and annuity income, investment income and gains or losses, but excludes deposits. Revenue figures for all companies include consolidated subsidiaries and exclude excise duty. Data shown for the financial year ended January 31, 2019. Unless otherwise stated, all figures for the year ended December 31, 2018.
Profit is shown after tax, extraordinary credits or costs, accumulated effects of accounting changes and non-controlling interests (including subsidiaries preferred dividends), but before the preferred dividend of the company. Numbers in brackets indicate loss. Decline in profit of more than 100% reflects fluctuations from 2017 profits to 2018 losses. Real estate investment profits, partnerships, and cooperatives have been reported, but are not comparable to the other companies listed because they are not taxable accordingly. Profit for mutual insurance companies is based on legal accounts.
Assets are the company's year-end. Total equity is the sum of all shares, paid-in capital and holdings at the end of the year. Excluded are equity attributable to non-controlling interests. Also excluded is the redeemable preferred stock whose redemption is either mandatory or outside the company's control. Dividends paid on such shares are deducted from the profits used in calculating the return on equity.
The number shown is an accounting year published by the company in the annual report. When the distribution between full-time and part-time employees is delivered, a part-time employee is considered to be half of a full-time employee.
Earnings per share
The number shown for each company is the diluted value per share shown in the income statement. Earnings per share are adjusted for share split and dividend. Although earnings per share figures are not marked with footnotes, it can be assumed that earnings per share are also affected if a company's profit is foot-listed. The five-year and ten-year earnings growths are the annual interest rates.
Total return to investors
Total return to investors includes both price increase and dividend dividend to an investor in the company's share. The figures shown represent sales at the end of 2018 of share owned at the end of 2008, 2013 and 2017. It has been assumed that any income from cash dividends and shares received in spin-offs was reinvested when they were paid. Returns are adjusted for share split, share dividend, recapitalization and corporate reorganization as they occurred; However, no effort has been made to reflect the costs of brokerage fees or taxes. The total return rates shown are the returns received by the hypothetical investor as described above. The five-year and 10-year returns are the annual prices, compounded.
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