February 7, 2013

Statement by Apple

By early last year, Apple's cash balance had built to a point beyond 
what we needed to run our business and maintain flexibility to take 
advantage of strategic opportunities, so we announced a plan to 
return $45 billion to shareholders over three years. As of next week 
we will have executed $10 billion of that plan.

We find ourselves in the fortunate position of continuing to generate 
large amounts of cash, including $23 billion in cash flow from 
operations in the last quarter alone.

...

http://www.apple.com/pr/library/2013/02/07Statement-by-Apple.html


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