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They say they have 96 billion in cash, yet their financial statements only list 54 billion. Where is the rest? Is it in a subsidiary? If so, aren't there als
by hessenwolf 15y ago
They say they have 96 billion in cash, yet their financial statements only list 54 billion. Where is the rest? Is it in a subsidiary? If so, aren't there also liabilities in the subsidiary? I don't get it.
- MarkMc 15y agoI assume you are looking at the 'Total current assets' in the balance sheet of their latest 10Q [1]. Instead, add together 'Cash and cash equivalents', 'Short-term marketable securities' and 'Long-term marketable securities' to get $97,601 million. [1] http://files.shareholder.com/downloads/AAPL/1659381773x0x536523/381559d7-04a1-40d5-8e2a-236e3f867158/AAPL%20Q1FY12%2010Q%2001.25.12.pdf http://files.shareholder.com/downloads/AAPL/1659381773x0x536...
- hessenwolf 15y agoHey, thanks millions. Interestingly, the third google result for 'Long-term marketable securities' is the following. Do you personally agree with adding this to cash? http://www.usatoday.com/money/perfi/columnist/krantz/2011-08-09-apple-cash_n.htm http://www.usatoday.com/money/perfi/columnist/krantz/2011-08...
- MarkMc 15y agoI expect that the marketable securities owned Apple are highly liquid, so yeah I'm happy to call it 'cash'.
- hessenwolf 15y agoFrom reading a bit more about it, I agree. It's not quite 'cash', but it's not the worst nickname for liquid assets.