How much cash does a company have and how much of that total cash can be accessed without being taxed (in many but not all cases)? Going by the broad statistics, the second number is a lot lower than the first. Yesterday, Google’s parent company Alphabet reported a 21% jump in second-quarter revenue to $26 billion on which the company earned $3.5 billion in net income even after accounting for a record $2.7 billion European Union anti-trust fine. This fine did little to dent the company’s cash generation, even though the company’s reported cost of revenue rose 28% during the…
70% Of US Corporate Cash Is Stacked Abroad
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk