WR810 t1_iy9189j wrote on November 29, 2022 at 5:36 PM

Reply to comment by iamse7en in Bob Iger Tells Disney Town Hall Hiring Freeze Still In Effect, No New Acquisitions Planned & Not Merging With Apple by Neo2199

That's from April of last year.

Apple cash on hand for the quarter ending September 30, 2022 was $48.304B

iamse7en t1_iy91gln wrote on November 29, 2022 at 5:38 PM

I know, it's a good article to show you the difference between cash on hand, and all liquid investments that can easily be converted to cash. You're only counting "cash on hand."

WR810 t1_iy91lu0 wrote on November 29, 2022 at 5:39 PM

> Cash on hand can be defined as cash deposits at financial institutions that can immediately be withdrawn at any time, and investments maturing in one year or less that are highly liquid and therefore regarded as cash equivalents and reported with or near cash line items.

Edit: Cash on hand doesn't just mean dollars in the vault.

iamse7en t1_iy92ced wrote on November 29, 2022 at 5:44 PM

You’re still missing all marketable securities that can also be easily converted to cash, which is what people are saying when “Apple has $200B in ‘cash.’”

> [Apple] had more than $200 billion in cash and marketable securities at the end of the last quarter…

[deleted] t1_iy93fiy wrote on November 29, 2022 at 5:51 PM

[deleted]

WR810 t1_iy95pi1 wrote on November 29, 2022 at 6:05 PM

That article is from March, but it seems we're both wrong anyways.

[For the most recent quarter] for Apple, its strong cash position is a major strength. The company holds cash and cash equivalents of $34.94 billion and also holds $27.79 billion in marketable securities (on the current assets side) that can easily be converted into cash. It also has non-current marketable securities of $127.88 billion.