Apple’s Form 10-K Reveals Over $80 Billion In Cash
Apple Form 10k
The Huffington Post Ramona Emerson First Posted: 10/28/11 10:24 AM ET Updated: 10/28/11 03:29 PM ET
On Wednesday, Apple disclosed to the SEC as part of their Form 10-K filing, that they currently have $81,570,000,000 in cash, 13.2 million square feet of building space, and 60,400 full-time employees.
“This means that Apple pulled in $37.5 billion in cash profits in fiscal 2011. Not bad for a company that ‘missed’ industry estimates.”writes The Next Web.
During Apple’s earnings call in October, Tim Cook waved off Apple’s mountains of cash, saying they weren’t “burning a hole in our pocket” reports MacRumors. He went on to emphasize that Apple was in no rush to decide what to do with the money, and that he was not “religious about holding or not holding cash.” Apple’s CFO said that 66 percent of the cash was kept overseas for tax reasons.