They MIGHT have that much available credit.



Balance Sheet
Total Cash......................67.26B
Total Cash Per Share..........12.9
Total Debt.......................98.88B
Total Debt/Equity..............73.74
Current Ratio.....................1.39
Book Value Per Share .......25.76

Cash Flow Statement
Operating Cash Flow ..........66.34B
Levered Free Cash Flow ......35.74B

Methinks they need to pay a big ol' one time dividend, increase the quarterly dividend rate, or maybe a stock buyback. I do NOT want them to spend a small fortune on an aquisition however....what they've been doing for the past ten years isn't broken, just keep on keeping on :)

Apple Has a Record $261.5 Billion in Cash | Fortune.com
.
"The company's quarterly revenue was $45.4 billion, with growth across all product categories, said Apple CFO Luca Maestri. According to CNBC, the company's cash pile is a record $261.5 billion.

After the announcement was made, amazement at the number of cash ricocheted across social media, with many noting the different things that number could buy."

That was strange, because those claims are not consistent with the truth. The numbers reported every quarter to the US gubmint by apple are much, much different than those claimed. Didn't make sense. So I did some digging into the financials and believe i have made sense of it.


Last quarter they had about 20 billion in cash, maybe it's grown to $25 bbl by now.

Doubt it, because the CFO says

Here's the secret:


Now if we look at apples numbers reported last quarter (they haven't submitted the final report yet for this quarter) we see this: (all numbers in thousands)

Current Assets
Cash And Cash Equivalents ..............20,484,000 (twenty billion in cash)
Short Term Investments...................46,671,000
Net Receivables ..............................29,299,000
Inventory ........................................2,132,000
Other Current Assets .........................8,283,000
Total Current Assets .....................106,869,000

Long Term Investments...............170,430,000
Property Plant and Equipment.............27,010,000
Goodwill.......................................... ..5,414,000
Intangible Assets................................3,206,000
Other Assets......................................8,757, 000
Total Assets....................................321,686, 000


Total Liabilities...............................193,437, 000

https://finance.yahoo.com/quote/AAPL/balance-sheet?p=AAPL


SOMEONE doesn't know the difference between CASH and long term investments. You'd think a CFO would know that.

they say their pile o'cash has increased 13% since this time last year, but according to their own numbers, their pile o'cash went DOWN about a bil from $21,120,000 to $20,484,000.

https://finance.yahoo.com/quote/AAPL/balance-sheet?p=AAPL

I don't know about you, but I can certainly tell the difference between cash and a building. I can look at a store and a dollar bill and I can tell you which one is cash and which one is not.

It's either that, or they are lying ot our gubmint and i don't think that's the case.

The only people more "creative with the truth" than statisticians are accountants.

edit: hold the phone .......


here it is. this is what they're calling cash:

http://forums.pelicanparts.com/uploa...1501716275.jpg

sammy, do you own Apple stock?

Very interesting, try googling Braeburn Capital.

Indirectly, yes. But only through mutual funds.

I don't know, sammy. Lots of folks saying $250 billion, plus.
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https://encrypted.google.com/search?site=&source=hp&q=apple+cash+on+hand+wsj&oq =apple+cash+on+hand&gs_l=psy-ab.1.3.0i131k1j0l3.1894.8916.0.13830.25.20.2.0.0.0 .428.3495.0j14j3j1j1.19.0....0...1.1.64.psy-ab..4.20.3418.0..0i10k1.TQWhEhNL38Y

$161

They have that much in liquid assets, but calling it "cash" could be considered poetic licence.

Corporate finance 101: Too much cash can be just as bad as too much debt. I am sure they will be fine, lol, but there are several reasons why having a cash position that is (much) higher than needed is not desirable.

http://forums.pelicanparts.com/support/smileys/wat3.gif

I agree, and it’s not easy to use a mountain of cash efficiently. They're not exactly making much money on the cash they have laying around. That leads me to believe they have a plan for it. What % of their cash is overseas?

Most of it I think. So much so, that they've taken on new debt to finance dividends & buybacks, to avoid the tax bill from bringing cash back home.
They may be banking (literally) on favorable tax reform, but a current cash position that strong is not doing them (or their shareholders) any favors IMO...

That's the point of many of the posts: they don't really have that cash lying around. they have invested it into all sort of avenues, so it isn't really cash anymore.

Having too much cash is bad for a business because it isn't working for you, isn't generating income. but if you have it invested it is. But it is't really cash.

For instance:
They have $5.81 billion invested in "commercial paper".
What does that mean?
It means they have loaned money to individuals, companies, or gubmints and are to be paid back with interest over time.
That will generate income, as long as the borrowers don't default on the loans.
But it isn't cash.

They don't have that money anymore. They should eventually get it back and then some, but that could take many years.
For them to claim that yes they still have that money and yes it is still in the form of cash is misleading AFAIC.

But they're apple and they can say or do pretty much anything they want.

$174

https://www.google.com/search?q=aapl

And we thought $133 was crazy. I'll take it.

Still holding!
http://forums.pelicanparts.com/support/smileys/wat6.gif

in response to the threat title;

I look at window 10 and my answer is 'all the way to the top'