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Technology Stocks : Apple Inc.
AAPL 270.82-1.0%3:59 PM EST
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To: slacker711 who wrote (165342)2/4/2014 3:26:00 PM
From: Pete_Y_48  Read Replies (1) of 213177
 
They have already paid some foreign taxes on the overseas cash so they are not going to be paying the full statutory rate if they repatriate the money.
Just a FYI. My reading of the 10-Q's and K's leads me to believe that Apple has expensed some taxes for the expected repatriation of some overseas cash… which they have yet to pay. They will pay for it when they actually bring the money into the US. If they never bring the cash into the US, they can, at some time in the future, unwind the expenses and increase profit.

The cash pile will get reduced by the full tax owed, when it is brought in, not when it is expensed. And you correctly stated that the full tax owed will be less than the full statutory rate (35%).

Bottom line, cash will be affected by repatriation, profits, not so much.
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