Just was reading my new free Money magazine from the Hot deals Forum, and it has a great article about how much has Microsoft has laying around.
From the article:
At the end of last year, according to the company's most recent filing, its cash (and short term investments that can be converted to cash in less than a year) totaled a whopping $38.2 BILLION dollars. The Microsoft jugernaut continues to generate another $1 BILLION a month, putting the total cash today worth well above $40 BILLION dollars.
This mind-bogglingly large pile of dough. No other nonfinancial firm has more liquid money at its disposal, and only a handful of banks do. It's more cash then Ford, ExxonMobil and Wal-Mart have COMBINED, and nearly four times as much as Intel, the tech company with the next largest cash balance.
It is enough to buy the entire airline industry-----twice. Or all the gold in Fory Knox----4 times over. It is enough to buy 23 space shutles or every major professional baseball, basketball football and hockey team in the America.
For comparison, Top 10 nonfinancial companies cash and short term investments in Billions
Microsoft.......................$38.2
Ford...............................$18.2
Intel................................$10.3
Pfizer..............................$9.5
General Motors............$9.2
ExxonMobil....................$9.0
Johnson & Johnson....$8.0
Cisco..............................$7.5
Hewlett-Packard...........$7.1
IBM..................................$6.4[/i]
I think thats pretty damn impressive, make me want to look a little farther and think of investing some money there.
From the article:
At the end of last year, according to the company's most recent filing, its cash (and short term investments that can be converted to cash in less than a year) totaled a whopping $38.2 BILLION dollars. The Microsoft jugernaut continues to generate another $1 BILLION a month, putting the total cash today worth well above $40 BILLION dollars.
This mind-bogglingly large pile of dough. No other nonfinancial firm has more liquid money at its disposal, and only a handful of banks do. It's more cash then Ford, ExxonMobil and Wal-Mart have COMBINED, and nearly four times as much as Intel, the tech company with the next largest cash balance.
It is enough to buy the entire airline industry-----twice. Or all the gold in Fory Knox----4 times over. It is enough to buy 23 space shutles or every major professional baseball, basketball football and hockey team in the America.
For comparison, Top 10 nonfinancial companies cash and short term investments in Billions
Microsoft.......................$38.2
Ford...............................$18.2
Intel................................$10.3
Pfizer..............................$9.5
General Motors............$9.2
ExxonMobil....................$9.0
Johnson & Johnson....$8.0
Cisco..............................$7.5
Hewlett-Packard...........$7.1
IBM..................................$6.4[/i]
I think thats pretty damn impressive, make me want to look a little farther and think of investing some money there.