Investing

The 10 American Companies With the Most Cash

Facebook Inc. (NASDAQ: FB): $53.2 billion. This social media giant dominates the advertising world at nearly the same level as Google. Last year, Google had 36% of the U.S. ad market and Facebook had 19%. Facebook reports that the global pandemic has caused a surge in use by its members, which number 2.45 billion. As COVID-19 spreads, this will go even higher. Facebook’s revenue was $21 billion in the most recent quarter. Its net income was $7.3 billion, and net cash from operations was $9 billion.

Amazon.com Inc. (NASDAQ: AMZN): $43.7 billion. Amazon has built an empire that relies on the current success of several profitable businesses. The global pandemic has helped some of these. Amazon’s e-commerce business is the most successful in America and makes up over a third of all online sales. The company has the largest cloud computing business in the world, which companies and individuals will rely on more as they operate remotely. In the most recent quarter, Amazon had a net income of $3 billion on $72 billion in sales. It had an operating cash flow of $39 billion.

Ford Motor Co. (NYSE: F): $37.3 billion. Ford is an outlier among America’s cash-rich companies. Car sales were battered so badly that its credit rating was cut. It is estimated Ford will eat thought $8 billion of its cash this year. If the pandemic significantly worsens, this number could be higher. Ford relies on China for much of its revenue, but car sales there have dropped due to the effects of COVID-19. The same is happening in the United States.

Oracle Corp. (NYSE: ORCL): $35.7 billion. This is among the world’s largest providers of cloud computing. It is also the dominant presence in databases. Oracle is the world’s biggest supplier of business software. In its most recent quarter, it posted revenue of $9.8 billion, of which 70% was cloud services. Its net income was $2.6 billion. Net cash provided by operations was $9.5 billion in the quarter, which means its cash balance will grow rapidly, unless it draws down some for mergers or acquisitions.

Cisco Systems Inc. (NASDAQ: CSCO): $33.4 billion. Cisco dominates the router market, which is large both in the United States and internationally. The company had sales of $12 billion in the most recent quarter. Net income was $2.9 billion. Cisco does not just sell hardware. More than a quarter of its revenue comes from services. North America made up $7 billion of its revenue last quarter. Europe and the Middle East contributed $3 billion. Revenue from Asia was almost $2 billion. Net cash provided by operations was $7.4 billion.

Bristol-Meyers Squibb Co. (NYSE: BMY): $32.5 billion. The company is among the largest providers of pharmaceutical and biopharma products in the world. It has the advantage of product lines that spread into the hundreds and treat as many medical problems as any other company. Its revenue has grown steadily over the past four years. In the most recent quarter, it had revenue of $8 billion, up from $6 billion in the prior quarter. Net cash from operations was $8 billion last year.