3 ms·

Why do most of the reports I have seen list apple's cash at 96B?

• phil 15y ago
  That's cash/equivalents + short-term securities + long-term securities. Total assets are $138b. This all gets pulled from SEC filings. Here's the most recent: http://investor.apple.com/secfiling.cfm?filingID=1193125-12-23398&CIK=320193 http://investor.apple.com/secfiling.cfm?filingID=1193125-12-...
• latch 15y ago
  Because the market is liquid enough that Apple could probably convert those investments into cash relatively quickly (and without damaging their value). Assuming trustworthy partners, if you have a cheque to your name for $100, it wouldn't be unreasonable to say that you have $100 cash.
  • dfc 15y ago
    There is no way this jives with any accepted accounting practices...
    • latch 15y ago
      Well what "reports" are you talking about? Blogs? Articles? Apple isn't reporting that it has "$96 billion cash."