At the midyear, Intel held $3.8 billion in cash and cash equivalents, plus $6.2 billion in short-term investments, bringing its cash haul to $10 billion. Its long-term debt is $13.4 billion. Intel, which has consistently raised its quarterly dividend over the last decade, bumped it from $0.21 to $0.225 per share in mid-2012. In 2005, Intel’s board authorized the repurchase of up to $45 billion in stock, and as of mid-2013, $4.2 billion of that amount remained available. The company has spent $90 billion on buybacks since its program began in 1990.