In Pictures: Top tech hoarders - 15 companies with...
Apple’s cash stash is legendary. At the end of June, Apple reported $11.2 billion in cash and cash equivalents, plus $31.4 billion in short-term marketable securities, for a total of $42.6 billion. (The more eye-popping number is the additional $104 billion Apple has in long-term marketable securities, which isn’t counted in this tally because long-term investments aren’t easily converted into cash.) Its long-term debt stands at $17 billion. Some of Apple’s liquid assets are destined for shareholders’ wallets, as Apple reinstated its dividend in 2012. The most recent dividend payout, announced in July, hit $3.05 per share. In addition, Apple announced a massive $60 billion stock buyback plan in April. It’s the largest stock repurchase in history.
In Pictures: Top tech hoarders - 15 companies with huge cash piles