14 DAY TRIAL // Despite posting a slight decrease in profits, Apple’s cash generation remains strong. The company posted $12.5 billion / €9.61 billion in cash flow from operations during the second fiscal quarter of 2013.
The money was added to Apple’s existing cash pile. The company’s Chief Financial Officer confirmed to investors this week that Apple’s ending cash balance is now $145 billion / €111.5 billion.
In announcing changes to Apple’s stock buyback program, Peter Oppenheimer said, “We will continue to return capital to shareholders through dividends, share repurchases, and cash used to net-share-settle vesting RSUs.
Oppenheimer then noted, “We continue to generate cash in excess of our needs to operate the business, invest in our future, and maintain flexibility to take advantage of strategic opportunities.”
In other words, Apple is far from any money problems. All the company needs to do now is release that revolutionary something that everyone keeps pressing them about.