Apple’s Cash Pile is Approaching $300 Billion

Apple, technology companies continue to boast strong cash flow generation, leaving a select five companies atop a corporate cash heap that will only grow more this year, Moody’s Investors Service data out Monday showed.According to the Moody’s data, total offshore cash held by U.S. non-financial corporates will reach about $1.4 trillion, or 72% of total cash, in 2017, up from Moody’s estimate of $1.3 trillion, or 70% of the total, the previous year. With $252.3 billion in cash held outside of the U.S. (almost all of its reported $268.9 billion in total cash at the end of fourth quarter), Apple stands to be among the biggest beneficiaries of the House version of tax overhaul, which proposes cutting the one-time tax rate on overseas cash to 12% from 35% upon repatriation.

https://blogs.wsj.com/moneybeat/2017/11/20/apples-cash-pile-is-approaching-300-billion/