aapl-company Stories June 27, 2016

AAPL: 92.04

-1.36
Apple Store in Covent Garden, London
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With a long-running EU investigation into the legality of Apple’s tax arrangements in Europe still showing no signs of reaching a conclusion, the size of last year’s UK tax bill isn’t likely to help its cause. Apple’s latest accounts show that it paid just £12.9M ($17M) in UK corporation tax despite making an estimated £2B ($2.6B) profit in the country.

As the Mail Online notes, this is the equivalent of just two hours’ profits on its global sales …

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aapl-company Stories February 2, 2015

Apple plans $5 billion bond offering to cover stock repurchases, dividends, capital needs (Updated)

Having filed a prospectus today with the SEC, Apple plans to offer around $5 billion in bonds, following a 2013 bond offering of $17 billion, and a 2014 offering of $12 billion. While Apple’s corporate coffers stand at over $178 billion after its most recent record-breaking quarter, even thriving companies sometimes use bond offerings to fund projects, lessening tax consequences in the process.

Deutsche Bank and Goldman Sachs put together the offering, which Apple says will be used towards

repurchases of our common stock and payment of dividends under our program to return capital to shareholders, funding for working capital, capital expenditures and acquisitions and repayment of debt.

As noted by The Wall Street Journal, the bonds will mature in 5 to 30 years, with a 10-year bond offering a 0.95% greater return than government-issued Treasurys. Apple carries a Moody’s rating of Aa1, the service’s second-highest rating, suggesting that the investment is exceptionally low-risk.

aapl-company Stories November 3, 2014

Tim Cook

Apple is gearing up to issue another bond offering this week, with a conference call with investors reportedly scheduled today, according to reports this morning from Bloomberg and The Wall Street Journal. Apple hasn’t announced that it is holding an investor call today as of yet, but the announcement will likely be posted to Apple’s Investor Relations website if it is indeed happening. According to the WSJ, this bond offering will be the first from Apple to involve the euro currency:

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The best 4K & 5K displays for Mac

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aapl-company Stories January 6, 2014

three

The disconnect between Apple’s corporate performance and its stock value is something we’ve often commented on in the past. But rarely has the gap between the two been made more visually obvious than in a set of nine bar-charts published by Fortune, comparing Apple with Amazon and Google.

Judging from Merckel’s bar charts, what the market seems to be saying is that it believes Google and Amazon will keep growing indefinitely.

For Apple, it will believe it when it sees the next hit product.

The three ones above give the starkest illustration, while the complete set below give a fuller picture …  expand full story

aapl-company Stories May 3, 2013

Sums done by Moody’s Investment Services (via Bloomberg) confirm reports that Apple’s approach of borrowing the $100b needed to fund its stock buy-back and dividend plans will result in massive tax savings, estimated at $9.2B … expand full story

aapl-company Stories May 1, 2013

The first stage of Apple’s plan to spend $100 billion in share buy-backs and increased dividends was completed yesterday as Apple sold $17 billion’s worth of corporate bonds – the world’s largest corporate debt sale.

Although Apple has a cash balance of $145b, much of this money is held in overseas subsidiaries, and Apple would have to pay tax on it to bring it back to the USA. It is cheaper for it to borrow the money instead … expand full story

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