Apples Cash Flows

In its 2019 annual report, Apple reported more than $69 billion in cash from its operating activities. It generated another $57 billion from marketable securities that it sold or that matured. Where did all of that cash go? Apple invested $10 billion in plant and equipment, paid $14 billion in dividends, and repurchased $67 billion worth of its own common stock. Still, the company had a surplus of cash sufficient to increase its overall holdings of cash by $24 billion.