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> They are already paying a dividend with free cash flow from their US business ... Actually they are selling bonds to fund this as well as share buybacks.[1]
by abalone 10y ago
> They are already paying a dividend with free cash flow from their US business ...
Actually they are selling bonds to fund this as well as share buybacks.[1] So yeah, they would like to repatriate at some point, but there's no rush.
[1]"The Cupertino, California-based company has been tapping credit markets... to reward shareholders instead of repatriating that overseas cash because it would be taxed by the U.S." https://www.bloomberg.com/news/articles/2016-07-28/apple-said-to-plan-dollar-bond-offering-to-fund-share-buybacks https://www.bloomberg.com/news/articles/2016-07-28/apple-sai...