Apple TRUMPS Microsoft and Oracle With $74 Billion in Overseas Cash

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Apple (NASDAQ:AAPL) leads a list of U.S. technology companies holding cash overseas with some $74 billion, according to a report released Monday from Moody’s. That’s up from $64 billion in December of last year and $35 billion at the end of 2010.

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Moody’s Investors Service’s Richard Lane wrote a note to investors citing SEC filings and his firm’s own estimates in determing Apple’s overseas cash hoard. He also said U.S. tech companies contributed $227.5 billion to a total of $457 billion in overseas cash held by American companies at the end of the first quarter of 2011. According to Lane’s figures, Apple accounts for roughly a third of overseas money held by tech companies.

Excluding Apple’s massive contribution, overseas cash rose 15 percent between March 2011 and March 2012, but when adding Apple’s assets, that number jumps to 31 percent year-over-year growth.

Microsoft (NASDAQ:MSFT) follows up in a somewhat distant second with $50 billion in overseas cash, while Cisco (NASDAQ:CSCO) rounds out the top three with $42.3 billion. Oracle (NASDAQ:ORCL) and Qualcomm (NASDAQ:QCOM) come next with $25.1 billion and $16.5 billion in overseas cash, respectively. Together, the top 10 U.S. tech companies now own 83 percent of all offshore cash for the sector, up from 74 percent five years ago.

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