Apple vows to cut its $163 billion in net cash to 'zero'
Luca Maestri
"Tax reform will allow us to pursue a more optimal capital structure for  our company " Chief Financial Officer Luca Maestri  said Thursday on the earnings call. "Our current net cash position is $163 billion and given the increased financial and operational flexibility from the access to our foreign cash  we are targeting to become approximately net cash neutral over time."
The executive noted that  the company  returned nearly 100 percent of  its  free cash flow during the past several years to investors.
Maestri said Apple will not make any changes to its mergers and acquisition strategy  saying  the company  will continue to look "at all sizes" and aims to "accelerate our product road maps" from  its  acquisitions.
"What  Luca 's saying is not cash equals zero.  He 's saying there's an equal amount of cash and debt and that they balance to zero "  he  said.
"Tax reform will allow us to pursue a more optimal capital structure for [TGT]said Thursday on the earnings call. "Our current net cash position is $163 billion and given the increased financial and operational flexibility from the access to our foreign cash  we are targeting to become approximately net cash neutral over time."
The executive noted that  [TGT]returned nearly 100 percent of  [TGT]  free cash flow during the past several years to investors.
[TGT] said Apple will not make any changes to its mergers and acquisition strategy  saying  [TGT]will continue to look "at all sizes" and aims to "accelerate our product road maps" from  its  acquisitions.
"What  Luca 's saying is not cash equals zero.  He 's saying there's an equal amount of cash and debt and that they balance to zero "  he  said.