We first accounted for Apple's cash in early 2014, and again later in the year. Since then, investor and analyst Eric Jackson questioned the company's entire share repurchase and dividend program, instead suggesting the company should have spent the cash on M&A (Tesla, Twitter, Pinterest) and R&D (batteries, iCloud). As Apple announces its first quarter results, we again update our accounting.
Cash as of 12/27/14: $179 billion, wow.
Debt as of 12/27/14: $36 billion
Net cash as of 12/27/14: $143 billion
We continue this exposition in a current blog post.
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