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Never at the scale of their cash reserves and cash growth. In 2014, Apple had 100 billion in cash and now 4 years later they have 250 billion in cash. During th

Never at the scale of their cash reserves and cash growth. In 2014, Apple had 100 billion in cash and now 4 years later they have 250 billion in cash. During the past 10 years, Apple's average free cash flow per share growth rate was 31.40% per year. They keep hoarding cash. None of that cash has been deployed or reinvested in a meaningful way. Their stock repurchase plan and dividend payments have been pretty miserable for a company with that amount of disposable cash. From the top 10 biggest annual dividends payers in S&P 500, Apple is the most stingy. Their yield is 1.72%. Compared to other companies with yields of up to 5% (like AT&T), that's actually a shitty dividend payout.

btilly 9y ago
That's because they have it all locked away in tax shelters. Tim Cook announced Jan 17 that he intends to bring most of the money back, and pay close to $40 billion in penalties. Presumably a lot of that will get returned to investors or reinvested in some way.
- jonknee 9y ago
  > and pay close to $40 billion in penalties That's a funny way to pronounce lowered taxes.
  - btilly 9y ago
    If he simply continued to do what he is already doing, he would pay $0 in taxes..indefinitely. Viewed that way this is clearly a penalty for changing course.