You know that when a filing’s decimal points refer to the nearest hundred million, it’s worth a look.
What does Apple (Nasdaq: AAPL) do with its cash pile? Nothing nearly as exciting as you’d think.
In a brief article Friday, InsiderMonkey delve into Apple’s most recent 10-K filing for fiscal 2012. In it, Apple’s hides the secrets of where it stores all that cash its built up.
In total, about $117.1 billion is mentioned, up from $78.6 billion the prior year.
Apple is 21.1 percent less invested in money market funds ($1.5 billion), 1.8 percent less in non-U.S. Gov’t securities ($0.5 billion), down 47.6 percent in CD and time deposits ($2.2 billion), and off 27.6 percent in commercial paper ($2.1 billion).
The biggest investment gain goes to mutual funds, which doubled to $2.4 billion. Municipal securities saw a 64.7 percent increase to $5.6 billion, U.S. Treasuries up 87.9 percent ($20.1 billion), U.S. agency securities up 44.4 percent ($19.5 billion), and corporate securities is up 31.5 percent to $46.3 billion.
Oh, Apple also has $11.9 billion in mortgage-backed securities.