[Zhyl]

Or moreover it shows that money isn't necessarily the limiting factor in success that many perceive it to be.

[maxxxxx]

That's what I am thinking when people talk about tax cuts. Apple or Google don't need more money. They already have more than they can invest productively.

[ISL]

That's an explanation -- another is that Apple and Google believe that future uses of the resources could yield greater aggregate return (or serve as a bulwark against a downturn).

"Cash is a call option with no expiration date" https://www.investopedia.com/articles/investing/042613/cash-...