Apple Now Has More Cash Than The U.S. Government

[libertybrewcity]

According to the latest daily statement from the U.S. Treasury, the government had an operating cash balance of $73.8 billion at the end of the day yesterday.

Apple's last earnings report (PDF here) showed that the company had $76.2 billion in cash and marketable securities at the end of June.

In other words, the world's largest tech company has more cash than the world's largest sovereign government.

That's because Apple collects more money than it spends, while the U.S. government does not.


Read more: http://www.businessinsider.com/apple-has-more-cash-on-hand-than-the-us-government-2011-7

[acptulsa]

I do believe I have more cash than the U.S. government. And I'm so broke I can't afford to pay attention.

[Warrior_of_Freedom]

Uh isn't not being in debt alone having more money than the U.S gov?

[TheViper]

Their balance sheet actually shows $172 billion

http://www.fms.treas.gov/mts/mts0611.pdf


Besides, the us government are $14.5 trillion in debt ($115 trillion in unfunded liability debt). Given that, everyone has more money than they do.

[mello]

I'm so glad I bought Apple stock @ $51! :)

[AggieforPaul]

There's a difference between cash and net worth. You can be massively in debt and still have a bunch of cash.

[AGRP]

according to the latest daily statement from the u.s. Treasury, the government had an operating cash balance of $73.8 billion at the end of the day yesterday.

Apple's last earnings report (pdf here) showed that the company had $76.2 billion in cash and marketable securities at the end of june.

In other words, the world's largest tech company has more cash than the world's largest sovereign government.

That's because apple collects more money than it spends, while the u.s. Government does not.


Read more: http://www.businessinsider.com/apple-has-more-cash-on-hand-than-the-us-government-2011-7

http://pictures.pichaus.com/48fd26b73e7843ebe8aa02f8aeba61ede470693e?AWSAccess KeyId=0K4RZZKHSB5N2XYJWF02&Expires=1311980000&Signature=VB8x4IZvkJO98GDGOf9SRhFNc5M%3D

[BlackTerrel]

Well Apple actually produces something of value.

[TheViper]

Their balance sheet actually shows $172 billion

http://www.fms.treas.gov/mts/mts0611.pdf

I am quoting myself here because I keep reading this story ad neaseum from countless media outlets and no one has actually done any research into the matter. Though in 2 minutes of my own research I provide the truth right there.

Quite telling how investigative the media truly is.

[Carehn]

For good reason. What the hell has the US Government ever done for me?

[KingRobbStark]

For good reason. What the hell has the US Government ever done for me?

They keep you safe bro!

[TheViper]

For good reason. What the hell has the US Government ever done for me?

Initially? Gave you a country.

Lately? Tried to take it away.

[awake]

Not for long. Que the anti-trust layers; let loose the dogs of law!

This is like sending a email to the local gang of thieves informing them you just won the lottery .