Apple is the only large US tech company to announce plans to repatriate and spend the cash currently held overseas …
Apple has not gone into specifics about its own plans, but did say during its recent earnings call that it plans to end up cash-neutral – implying that it will spend around $163B of its overseas cash holdings to bring its cash in line with its debt. The most likely scenario is that Apple plans to spend the bulk of the cash on stock buybacks and other returns to shareholders.
“When we have seen an opportunity to invest, we have not really waited for tax reform to do that,” Microsoft Chief Financial Officer Amy Hood said on a call with analysts.
Photo: Lucy Nicholson/Reuters
