>"You vehemently disagree, seemingly because they are liquid enough you may be able to get some money for them."
No, I disagree because I know what a substantial portion of Apple's investments are (this information is public), and they are, by definition, cash or cash equivalents.
>"Let's start simple: Can you explain why if you think they are 'cash' or 'cash equivalents', they're explicitly not listed in the 10-k as "cash equivalents"?"
Because they don't have to list them as such? There's a lot of deception in SEC filings; that's half the game. It's only me speculating, but I believe Apple is utilizing many tricks to help them retain all those earnings, rather than paying taxes on all those profits. Would that surprise you?
>"Given the companies don't believe they are cash or cash equivalents, or at least their auditors don't, can you explain why you do?"
Taxes.
I mean, this side-discussion started because you made the claim:
"In short: Apple doesn't really have some amazing amount of cash."
Which is only true in the strictest definition of "cash". When "cash" is used how most investors understand it --those people you accused of being "seriously confused"-- Apple has a bunch. You don't have to take my word for it, it's out there.
No, I disagree because I know what a substantial portion of Apple's investments are (this information is public), and they are, by definition, cash or cash equivalents.
>"Let's start simple: Can you explain why if you think they are 'cash' or 'cash equivalents', they're explicitly not listed in the 10-k as "cash equivalents"?"
Because they don't have to list them as such? There's a lot of deception in SEC filings; that's half the game. It's only me speculating, but I believe Apple is utilizing many tricks to help them retain all those earnings, rather than paying taxes on all those profits. Would that surprise you?
>"Given the companies don't believe they are cash or cash equivalents, or at least their auditors don't, can you explain why you do?"
Taxes.
I mean, this side-discussion started because you made the claim:
"In short: Apple doesn't really have some amazing amount of cash."
Which is only true in the strictest definition of "cash". When "cash" is used how most investors understand it --those people you accused of being "seriously confused"-- Apple has a bunch. You don't have to take my word for it, it's out there.