American companies are sitting on piles of cash, frustrating investors and leading some on Wall Street to wonder why they aren’t spending.
Microsoft currently has the largest cash pile at $136.6 billion as of last quarter, according to estimates from FactSet. Berkshire Hathaway, Alphabet and Apple occupy the other top spots, with $128.2 billion, $121.2 billion, and $100.6 billion, respectively.
Facebook, Amazon, Ford, Oracle, Cisco and Bristol-Myers round out the rest of the top 10 list. These figures include the company’s cash balance as well as its short-term investments such as bonds.
Companies can spend through traditional means like capital investment and acquisitions, as well as by…
Source cnbc.com