More than a year behind the company Apple Lossless Audio CODEC (ALAC), initiated a program to buy back the shares sold on the American stock exchange, spending almost 50 billion dollars so far, according to the quarterly financial results. Although Apple has not officially said where it gets the money to buy back its shares, American analysts claim that almost half of the American monetary reserve and a considerable amount of the proceeds have been used in this program so far.
Out of $155B of cash, only $18B is available in the US, with the rest sitting in international subsidiaries unable to be sent back unless repatriation tax is paid […] Apple is essentially taking most, if not all, of its free cash flow from US operations and piling it into share buyback.
As the you can see and in the image above, the Apple company currently has monetary reserves of 155 billion dollars, 137 billion being available outside the US, while only 18 billion are available in the US. In the same period last year, the difference between the two categories was much smaller, although most of the money held by Apple was outside the US, as was normal, considering the low taxes paid there.
Based on the expenses made so far by those from Cupertino, it is estimated that next year they could spend approximately 30 billion dollars to buy back shares, most of the money coming from the American reserve.
