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The information on Groklaw is not intended to constitute legal advice. While Mark is a lawyer and he has asked other lawyers and law students to contribute articles, all of these articles are offered to help educate, not to provide specific legal advice. They are not your lawyers.

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Cash isn't quite the same | 627 comments | Create New Account
Comments belong to whoever posts them. Please notify us of inappropriate comments.
Cash isn't quite the same
Authored by: Anonymous on Sunday, November 04 2012 @ 02:11 PM EST
Cash, cash equivalents and marketable securities was ~ $121 bn - so yes, they
could theoretically clear out their total liabilities, but as my brother pointed
out: he could clear off his mortgage, but it is better for his credit rating to
have one and to regularly pay the peppercorn amount each month.

Long-term liabilities was ~ $17 bn, making short-term liabilities ~ $41bn -
still not essentially no debt (only essentially no debt in that it could clear
the short-term liabilities with its cash, cash equivalents and marketable
securities; some of the long-term liabilities may be impossible to clear now,
along with contingent liabilities).

The $118 bn equity is what people have invested in the company for shares. That
has been used to fund the long-term assets, etc.

[ Reply to This | Parent | # ]

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