4 ms·

I think they have closer to 50B in the bank. They were definitely north of 40 all of last year.

by czhiddy 16y ago

jonknee 16y ago
Unless Apple lied in their SEC filings and in doing so risked jail time for high level executives, I think you're mistaken. There are different designations for assets, but the "Cash and Short Term Investments" portion is $25B. Cash makes up $11.2B of that total. They have a little over $75B in total assets, which counts some less liquid assets like property and long term investments.
- xenophanes 16y ago
  Most of their "long term securities" are actually short term by any reasonable meaning of the word. It's just a technical terminology thing for filings that doesn't mean what you assume it means. They have been north of 40 billion for a while. The relevant thing is how much is liquid fast enough to use it for what they want to use it for. For that we should listen to Apple telling us directly (which they have repeatedly done), not just check some field on their govt filings.
  - jonknee 16y ago
    > For that we should listen to Apple telling us directly (which they have repeatedly done), not just check some field on their govt filings. Between trusting a company on what they claim and what they actually report, I'd go with what they report. That's what's legally binding. Not that the final result is much different, cash isn't an obstacle in whatever Apple wants to do (and hasn't been in quite some time).
    - xenophanes 16y ago
      You aren't listening. You're taking a field on a report which means X rather than Apple's statement about their Y. They are NOT THE SAME THING. You're simply looking up the WRONG STATISTIC from an official source and saying it trumps A DIFFERENT STATISTIC from another source. Financial reports use phrases that sound like common sense things but actually have precisely defined meanings that are not equivalent to what they sound like they mean. Basically it's excluding a great deal of Apple's liquid assets because they don't fall under a specific definition.
      - jond2062 16y ago
        No sense in arguing over something that is easily accessible (see Note 2 to the financial statements): http://www.sec.gov/Archives/edgar/data/320193/000119312510238044/d10k.htm#tx37397_5 http://www.sec.gov/Archives/edgar/data/320193/00011931251023... Total cash, cash equivalents, and marketable securities as of 9/25/2010 = $51.011 billion.
executive 16y ago
50B in the bank? They must be buying Facebook.

I think they have closer to 50B in the bank. They were definitely north of 40 all of last year.

by czhiddy 16y ago

I think they have closer to 50B in the bank. They were definitely north of 40 all of last year.

Unless Apple lied in their SEC filings and in doing so risked jail time for high level executives, I think you're mistaken. There are different designations for assets, but the "Cash and Short Term Investments" portion is $25B. Cash makes up $11.2B of that total. They have a little over $75B in total assets, which counts some less liquid assets like property and long term investments.

xenophanes 16y ago
Most of their "long term securities" are actually short term by any reasonable meaning of the word. It's just a technical terminology thing for filings that doesn't mean what you assume it means. They have been north of 40 billion for a while. The relevant thing is how much is liquid fast enough to use it for what they want to use it for. For that we should listen to Apple telling us directly (which they have repeatedly done), not just check some field on their govt filings.
- jonknee 16y ago
  > For that we should listen to Apple telling us directly (which they have repeatedly done), not just check some field on their govt filings. Between trusting a company on what they claim and what they actually report, I'd go with what they report. That's what's legally binding. Not that the final result is much different, cash isn't an obstacle in whatever Apple wants to do (and hasn't been in quite some time).
  - xenophanes 16y ago
    You aren't listening. You're taking a field on a report which means X rather than Apple's statement about their Y. They are NOT THE SAME THING. You're simply looking up the WRONG STATISTIC from an official source and saying it trumps A DIFFERENT STATISTIC from another source. Financial reports use phrases that sound like common sense things but actually have precisely defined meanings that are not equivalent to what they sound like they mean. Basically it's excluding a great deal of Apple's liquid assets because they don't fall under a specific definition.
    - jond2062 16y ago
      No sense in arguing over something that is easily accessible (see Note 2 to the financial statements): http://www.sec.gov/Archives/edgar/data/320193/000119312510238044/d10k.htm#tx37397_5 http://www.sec.gov/Archives/edgar/data/320193/00011931251023... Total cash, cash equivalents, and marketable securities as of 9/25/2010 = $51.011 billion.

executive 16y ago

50B in the bank? They must be buying Facebook.