MOT » Topics » Cash and Cash Equivalents

These excerpts taken from the MOT 10-Q filed May 6, 2009.
Cash and Cash Equivalents
 
The Company’s cash and cash equivalents (which are highly-liquid investments with an original maturity of three months or less) were $3.3 billion and $3.1 billion at April 4, 2009 and December 31, 2008, respectively. Of these amounts, $337 million and $343 million, respectively, were restricted.
 
Cash and Cash Equivalents
 
At April 4, 2009, the Company’s cash and cash equivalents (which are highly-liquid investments with an original maturity of three months or less) were $3.3 billion, an increase of $201 million compared to $3.1 billion at December 31, 2008. At April 4, 2009, $574 million of this amount was held in the U.S. and $2.7 billion was held by the Company or its subsidiaries in other countries. At April 4, 2009, restricted cash was $337 million (including $100 million held outside the U.S.), compared to $343 million (including $279 million held outside the U.S.) at December 31, 2008.
 
The Company continues to analyze and review various repatriation strategies to continue to efficiently repatriate funds. The Company has approximately $2.6 billion of earnings in foreign subsidiaries that are not permanently reinvested and may be repatriated without additional U.S. federal income tax charges to the Company’s condensed consolidated statements of operations, given the U.S. federal tax provisions accrued on undistributed earnings and the utilization of available foreign tax credits. On a cash basis, these repatriations from the Company’s non-U.S. subsidiaries could require the payment of additional foreign taxes. While the Company regularly repatriates funds and a significant portion of the funds currently offshore can be repatriated quickly with minimal adverse financial impact, repatriation of some of these funds could be subject to delay for local country approvals and could have potential adverse tax consequences.
 
These excerpts taken from the MOT 10-K filed Feb 26, 2009.
Cash and Cash Equivalents
 
At December 31, 2008, the Company’s cash and cash equivalents (which are highly-liquid investments with an original maturity of three months or less) were $3.1 billion, an increase of $312 million compared to $2.8 billion at December 31, 2007. At December 31, 2008, $311 million of this amount was held in the U.S. and $2.8 billion was held by the Company or its subsidiaries in other countries. The Company continues to analyze and review various repatriation strategies to continue to efficiently repatriate funds. At December 31, 2008, restricted cash was $343 million (including $279 million held outside of the U.S.), compared to $158 million (including $91 million held outside of the U.S.) at December 31, 2007.
 
The Company has approximately $2.9 billion of earnings in foreign subsidiaries that are not permanently reinvested and may be repatriated without additional U.S. federal income tax charges to the Company’s consolidated statements of operations, given the U.S. federal tax provisions accrued on undistributed earnings and the utilization of available foreign tax credits. On a cash basis, these repatriations from the Company’s non-U.S. subsidiaries could require the payment of additional foreign taxes, which would be creditable against U.S. federal income taxes. While the Company regularly repatriates funds and a significant portion of the funds currently offshore can be repatriated quickly with minimal adverse financial impact, repatriation of some of these funds could be subject to delay for local country approvals and could have potential adverse tax consequences.
 
Cash
and Cash Equivalents



 



At December 31, 2008, the Company’s cash and cash
equivalents (which are highly-liquid investments with an
original maturity of three months or less) were
$3.1 billion, an increase of $312 million compared to
$2.8 billion at December 31, 2007. At
December 31, 2008, $311 million of this amount was
held in the U.S. and $2.8 billion was held by the
Company or its subsidiaries in other countries. The Company
continues to analyze and review various repatriation strategies
to continue to efficiently repatriate funds. At
December 31, 2008, restricted cash was $343 million
(including $279 million held outside of the U.S.), compared
to $158 million (including $91 million held outside of
the U.S.) at December 31, 2007.


 



The Company has approximately $2.9 billion of earnings in
foreign subsidiaries that are not permanently reinvested and may
be repatriated without additional U.S. federal income tax
charges to the Company’s consolidated statements of
operations, given the U.S. federal tax provisions accrued
on undistributed earnings and the utilization of available
foreign tax credits. On a cash basis, these repatriations from
the Company’s
non-U.S. subsidiaries
could require the payment of additional foreign taxes, which
would be creditable against U.S. federal income taxes.
While the Company regularly repatriates funds and a significant
portion of the funds currently offshore can be repatriated
quickly with minimal adverse financial impact, repatriation of
some of these funds could be subject to delay for local country
approvals and could have potential adverse tax consequences.


 




This excerpt taken from the MOT 10-Q filed Oct 30, 2008.
Cash and Cash Equivalents
 
At September 27, 2008, the Company’s cash and cash equivalents (which are highly-liquid investments with an original maturity of three months or less) aggregated $3.0 billion, an increase of $222 million compared to $2.8 billion at December 31, 2007. At September 27, 2008, $197 million of this amount was held in the U.S. and $2.8 billion was held by the Company or its subsidiaries in other countries. While the Company regularly repatriates funds and a significant portion of the funds currently offshore can be repatriated quickly and with minimal adverse financial impact, repatriation of some of these funds could be subject to delay and could have potential adverse tax consequences. The Company continues to analyze and review various repatriation strategies to continue to efficiently repatriate funds. At September 27, 2008, restricted cash was $177 million (including $111 million held outside of the U.S.), compared to $158 million (including $91 million held outside of the U.S.) as of December 31, 2007.
 
This excerpt taken from the MOT 10-Q filed Jul 31, 2008.
Cash and Cash Equivalents
 
At June 28, 2008, the Company’s cash and cash equivalents (which are highly-liquid investments with an original maturity of three months or less) aggregated $2.8 billion, an increase of $5 million compared to $2.8 billion at December 31, 2007. At June 28, 2008, $242 million of this amount was held in the U.S. and $2.5 billion was held by the Company or its subsidiaries in other countries. Repatriation of some of these funds could be subject to delay and could have potential adverse tax consequences. The Company continues to analyze and review various repatriation strategies. At June 28, 2008, restricted cash was $169 million, compared to $158 million as of December 31, 2007.
 
This excerpt taken from the MOT 10-Q filed May 7, 2008.
Cash and Cash Equivalents
 
At March 29, 2008, the Company’s cash and cash equivalents (which are highly-liquid investments with an original maturity of three months or less) aggregated $2.7 billion, a decrease of $59 million compared to $2.8 billion at December 31, 2007. At March 29, 2008, $297 million of this amount was held in the U.S. and $2.4 billion was held by the Company or its subsidiaries in other countries. Repatriation of some of these funds could be subject to delay and could have potential adverse tax consequences. At March 29, 2008, restricted cash was $164 million, compared to $158 million of December 31, 2007.
 
These excerpts taken from the MOT 10-K filed Feb 28, 2008.
Cash and Cash Equivalents
 
During 2007, the Company’s cash and cash equivalents (which are highly-liquid investments with an original maturity of three months or less) decreased by $64 million to $2.8 billion at December 31, 2007, compared to $2.8 billion at December 31, 2006. At December 31, 2007, $230 million of this amount was held in the U.S. and $2.5 billion was held by the Company or its subsidiaries in other countries. Repatriation of some of these funds could be subject to delay and could have potential adverse tax consequences. At December 31, 2007, restricted cash was $158 million, compared to $131 million of December 31, 2006.
 
The Company has approximately $2.7 billion of earnings in foreign subsidiaries that are not permanently reinvested and may be repatriated without additional U.S. federal income tax charges to the Company’s consolidated statements of operations, given the U.S. federal tax provisions accrued on undistributed earnings and the utilization of available foreign tax credits. On a cash basis, these repatriations from the Company’s non-U.S. subsidiaries could require the payment of additional foreign taxes, which would be creditable against U.S. federal income taxes. The repatriation of some of these funds could also be subject to delay for local country approvals.
 
Cash
and Cash Equivalents



 



During 2007, the Company’s cash and cash equivalents (which
are highly-liquid investments with an original maturity of three
months or less) decreased by $64 million to
$2.8 billion at December 31, 2007, compared to
$2.8 billion at December 31, 2006. At
December 31, 2007, $230 million of this amount was
held in the U.S. and $2.5 billion was held by the
Company or its subsidiaries in other countries. Repatriation of
some of these funds could be subject to delay and could have
potential adverse tax consequences. At December 31, 2007,
restricted cash was $158 million, compared to
$131 million of December 31, 2006.


 



The Company has approximately $2.7 billion of earnings in
foreign subsidiaries that are not permanently reinvested and may
be repatriated without additional U.S. federal income tax
charges to the Company’s consolidated statements of
operations, given the U.S. federal tax provisions accrued
on undistributed earnings and the utilization of available
foreign tax credits. On a cash basis, these repatriations from
the Company’s
non-U.S. subsidiaries
could require the payment of additional foreign taxes, which
would be creditable against U.S. federal income taxes. The
repatriation of some of these funds could also be subject to
delay for local country approvals.


 




This excerpt taken from the MOT 10-Q filed Nov 6, 2007.
Cash and Cash Equivalents
 
At September 29, 2007, the Company’s cash and cash equivalents (which are highly-liquid investments with an original maturity of three months or less) aggregated $2.3 billion, a decrease of $501 million compared to $2.8 billion at December 31, 2006. At September 29, 2007, $273 million of this amount was held in the U.S. and $2.0 billion was held by the Company or its subsidiaries in other countries. Repatriation of some of these funds could be subject to delay and could have potential adverse tax consequences. At September 29, 2007, restricted cash was $174 million, compared to $131 million at December 31, 2006.
 
This excerpt taken from the MOT 10-Q filed Aug 2, 2007.
Cash and Cash Equivalents
 
At June 30, 2007, the Company’s cash and cash equivalents (which are highly-liquid investments with an original maturity of three months or less) aggregated $2.8 billion, a decrease of $46 million compared to $2.8 billion at December 31, 2006. At June 30, 2007, $539 million of this amount was held in the U.S. and $2.2 billion was held by the Company or its subsidiaries in other countries. Repatriation of some of these funds could be subject to delay and could have potential adverse tax consequences. At June 30, 2007, restricted cash was $166 million, compared to $131 million at December 31, 2006.
 
This excerpt taken from the MOT 10-Q filed May 8, 2007.
Cash and Cash Equivalents
 
At March 31, 2007, the Company’s cash and cash equivalents (which are highly-liquid investments with an original maturity of three months or less) aggregated $2.7 billion, a decrease of $475 million compared to $3.2 billion at December 31, 2006. At March 31, 2007, $447 million of this amount was held in the U.S. and $2.3 billion was held by the Company or its subsidiaries in other countries. Repatriation of some of these funds could be subject to delay and could have potential adverse tax consequences.
 
This excerpt taken from the MOT 10-Q filed Nov 2, 2006.
Cash and Cash Equivalents
 
At September 30, 2006, the Company’s cash and cash equivalents (which are highly-liquid investments with an original maturity of three months or less) aggregated $3.0 billion, a decrease of $759 million compared to $3.8 billion at December 31, 2005. At September 30, 2006, $470 million of this amount was held in the U.S. and $2.5 billion was held by the Company or its subsidiaries in other countries. Repatriation of some of these funds could be subject to delay and could have potential adverse tax consequences.
 
This excerpt taken from the MOT 10-Q filed Aug 3, 2006.
Cash and Cash Equivalents
 
At July 1, 2006, the Company’s cash and cash equivalents (which are highly-liquid investments with an original maturity of three months or less) aggregated $3.4 billion, a decrease of $373 million compared to $3.8 billion at December 31, 2005. At July 1, 2006, $348 million of this amount was held in the U.S. and $3.1 billion was held by the Company or its subsidiaries in other countries. Repatriation of some of these funds could be subject to delay and could have potential adverse tax consequences.
 
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