Sans dividends and buybacks, Apple would have $210 billion in cash today

“Prior to implementing a dividend and share buyback plan, Apple had accumulated about $120 billion in cash and marketable securities,” Horace Dediu writes for Asymco.

“In the eight quarters since implementing the cash return plan, Apple has paid about $21.5 billion in dividends and spent another $53 billion of its shareholder’s money buying its own shares and retiring them,” Dediu writes. “That’s $74.5 billion in cash that’s been removed from its balance sheet. To avoid some repatriation taxes it also borrowed about $29 billion. Of course, in the meantime, it also generated cash from operations.”

“What would have happened if Apple had not paid any dividends, bought back shares and taken on debt?” Dediu writes. Apple would have “about $210 billion today.”

Read more and check out the chart in the full article here.

MacDailyNews Note: As of June 28, 2014, Apple had $164.5 billion in cash plus marketable securities, a sequential increase of $13.9 billion.

YKBAID.

2 Comments

  1. if Apple had 200 b cash pile the politicians of the world will try harder to take it.

    already the USA and EU are trying to change to the laws to grab more of apple’s money.
    Apple pays all taxes owed legally, biggest tax payer in USA but politicians — and many countries are broke — are desperate for cash. If apple had 200 b I have no doubt politicians will find away to grab it — saying that companies with ‘excess ‘ profits would have a ‘special’ tax or some shat like that. I guarantee it.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.