From Apple to Facebook to Symantec, the 30 largest tech companies are sitting on massive cash balances. With improving sentiment, is tech M&A about to pick up?
The largest 30 technology companies currently have nearly $180 billion in liquid cash and cash equivalents on their balance sheets. Yes $180 billion with a B. That coupled with increasingly positive economic sentiment might mean good things for M&A activity.
Below is a list of the top 30 tech companies with the most cash and cash equivalents on their balance sheets (note: a larger list in Excel is available for 500+ largest public tech companies is available after logging into CB Insights).
Google tops the list with over $16B in cash, followed by Oracle at $14.5B and Hewlett-Packard at over $13B. Apple, which in April announced a plan to distribute $100B to shareholders by the end of 2015, comes in fourth at just over $11B (though the company’s position as of last quarter grows to over $146B when including short and long-term marketable securities). Together, the top 30 tech firms, hold an eye-popping $180B in liquid cash and cash equivalents. (Click on the graphic to expand.)
The companies on the list below as well as on the larger 500+ company list are based on the industry designations provided by NYSE and Nasdaq.
This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
- Patent Analytics to see where innovation is happening next
- Company Mosaic Scores to evaluate startup health, based on our National Science Foundation-backed algorithm
- Business Relationships to quickly see a company’s competitors, partners, and more
- Market Sizing Tools to visualize market growth and spot the next big opportunity