REDMOND, Wash.—Microsoft Corp. ended September with $57.4 billion in cash, up from $52.7 billion at the end of the year. Like many major technology companies, Microsoft keeps most of the money overseas to minimize its taxes. That raised a question during Microsoft's Thursday conference call discussing the software maker's fiscal first-quarter earnings. An analyst wanted to know how much of the cash was offshore and how much Microsoft needed in the U.S. to pay its quarterly stock dividend and cover its other obligations.
Peter Klein, Microsoft's chief financial officer, made it clear the company won't have to scramble to pay its bills.
ANSWER: Of our cash, about $51 billion is offshore... . We've got plenty of cash (in the U.S.).