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10 Cash Rich Companies

10 Cash Rich Companies
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Corporations hold cash for a variety of reasons, including timing the price of growth-related assets, running day-to-day operations, conducting acquisitions, holding for future investment or acting as a precaution against market uncertainty. If a company holds more cash or highly liquid assets as a large proportion of its total assets - and relative to its peers - investors may draw insight into the size and scope of a company’s future investments. To get an idea of the companies that are holdin
All values are as of market close on 2/24/12.

Corporations hold cash for a variety of reasons, including timing the price of growth-related assets, running day-to-day operations, conducting acquisitions, holding for future investment or acting as a precaution against market uncertainty.

If a company holds more cash or highly liquid assets as a large proportion of its total assets - and relative to its peers - investors may draw insight into the size and scope of a company’s future investments.

To get an idea of the companies that are holding the most cash, the CNBC analytics teamlooked at cash and short term investments held by S&P 500 companies, using data from Capital IQ and Thomson Reuters. The amount was compared to the total value of assets of each company. Companies listed in this slideshow are also divided by sector, since some industries by nature will have vastly different cash holdings when compared to others outside their peer group. For the purpose of this slideshow, “liquid assets” are defined as total cash and short term investments held by an individual company.

So, which S&P 500 companies are the most cash-rich in their sector? Click ahead to find out!

By Giovanny Moreano & Paul Toscano
Posted 27 Feb 2012

Diamond Offshore (DO)
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Cash as % of assets: 17.8% Cash as % of annual revenue: 38% Total cash and short term investments: $1.24 billion Liquid assets as % of total assets: 6.38% Total liquid assets: $90.99 million Devon Energy (DVN): 17.8% of assets Sunoco (SUN): 17.2% of assets
Photo: Image Source | Getty Images

Cash as % of assets: 17.8%
Cash as % of annual revenue: 38%
Total cash and short term investments: $1.24 billion

Energy Sector Averages
Liquid assets as % of total assets: 6.38%
Total liquid assets: $90.99 million

Other Cash-Rich Companies
Devon Energy (DVN): 17.8% of assets
Sunoco (SUN): 17.2% of assets

Priceline.com (PCLN)
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Cash as % of assets: 63% Cash as % of annual revenue: 58.7% Total cash and short term investments: $2.4 billion Liquid assets as % of total assets: 19.99% Total liquid assets: $25.28 million Apollo Group (APOL): 40.7% of assets Amazon.com (AMZN): 37.9% of assets
Source: Priceline.com

Cash as % of assets: 63%
Cash as % of annual revenue: 58.7%
Total cash and short term investments: $2.4 billion

Consumer Discretionary Sector Averages
Liquid assets as % of total assets: 19.99%
Total liquid assets: $25.28 million

Other Cash-Rich Companies
Apollo Group (APOL): 40.7% of assets
Amazon.com (AMZN): 37.9% of assets

Altera Corp (ALTR)
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Cash as % of assets: 80.3% Cash as % of annual revenue: 166.5% Total cash and short term investments: $3.44 billion Liquid assets as % of total assets: 26.72% Total liquid assets: $388 million VeriSign (VRSN): 72.5% of assets Analog Devices (ADI): 69.5% of assets
Photo: Altera.com

Cash as % of assets: 80.3%
Cash as % of annual revenue: 166.5%
Total cash and short term investments: $3.44 billion

Technology Sector Averages
Liquid assets as % of total assets: 26.72%
Total liquid assets: $388 million

Other Cash-Rich Companies
VeriSign (VRSN): 72.5% of assets
Analog Devices (ADI): 69.5% of assets

Expeditors International Washington (EXPD)
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Cash as % of assets: 45.2% Cash as % of annual revenue: 21.1% Total cash and short term investments: $1.29 billion Liquid assets as % of total assets: 12.55% Total liquid assets: $220.1 million Fluor (FLR): 27.3% of assets Masco Corp (MAS): 22.7% of assets
Photo: Expeditors International Washington

Cash as % of assets: 45.2%
Cash as % of annual revenue: 21.1%
Total cash and short term investments: $1.29 billion

Industrials Sector Averages
Liquid assets as % of total assets: 12.55%
Total liquid assets: $220.1 million

Other Cash-Rich Companies
Fluor (FLR): 27.3% of assets
Masco Corp (MAS): 22.7% of assets

Franklin Resources (BEN)
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Cash as % of assets: 50.4% Cash as % of annual revenue: 94.5% Total cash and short term investments: $6.75 billion Liquid assets as % of total assets: 31.47% Total liquid assets: $4.53 billion BNY Mellon (BK): 47.3% of assets Citigroup (C): 42.1% of assets
Photo: Wikipedia

Cash as % of assets: 50.4%
Cash as % of annual revenue: 94.5%
Total cash and short term investments: $6.75 billion

Financial Sector Averages
Liquid assets as % of total assets: 31.47%
Total liquid assets: $4.53 billion

Other Cash-Rich Companies
BNY Mellon (BK): 47.3% of assets
Citigroup (C): 42.1% of assets

Gilead Sciences (GILD)
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Cash as % of assets: 57.2% Cash as % of annual revenue: 118.1% Total cash and short term investments: $9.9 billion Liquid assets as % of total assets: 26.16% Total liquid assets: $236.2 million Humana (HUM): 51.5% of assets Waters Corp. (WAT): 47.1% of assets
Source: Gilead.com

Cash as % of assets: 57.2%
Cash as % of annual revenue: 118.1%
Total cash and short term investments: $9.9 billion

Health Care Sector Averages
Liquid assets as % of total assets: 26.16%
Total liquid assets: $236.2 million

Other Cash-Rich Companies
Humana (HUM): 51.5% of assets
Waters Corp. (WAT): 47.1% of assets

Lorillard (LO)
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Cash as % of assets: 54.3% Cash as % of annual revenue: 36.7% Total cash and short term investments: $1.63 billion Liquid assets as % of total assets: 6.87% Total liquid assets: $69.69 million Sara Lee (SLE): 30.5% of assets Mead Johnson Nutrition (MJN): 22.9% of assets
Source: Lolliard.com

Cash as % of assets: 54.3%
Cash as % of annual revenue: 36.7%
Total cash and short term investments: $1.63 billion

Consumer Staples Sector Averages
Liquid assets as % of total assets: 6.87%
Total liquid assets: $69.69 million

Other Cash-Rich Companies
Sara Lee (SLE): 30.5% of assets
Mead Johnson Nutrition (MJN): 22.9% of assets

MetroPCS Communications (PCS)
Photo: Metropcs.com

Cash as % of assets: 23.7%
Cash as % of annual revenue: 46.3%
Total cash and short term investments: $2.24 billion

Telecom Services Sector Averages
Liquid assets as % of total assets: 3.96%
Total liquid assets: $25.6 million

Other Cash-Rich Companies
Sprint Nextel (S): 11.3% of assets
Verizon Communications (VZ): 6.1% of assets

The Mosaic Company (MOS)
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Cash as % of assets: 23% Cash as % of annual revenue: 32.5% Total cash and short term investments: $3.6 billion Liquid assets as % of total assets: 8.57% Total liquid assets: $40.15 million Sigma Aldrich (SIAL): 21% of assets Nucor Corp. (NUE): 17.6%
Photo: Mosaicco.com

Cash as % of assets: 23%
Cash as % of annual revenue: 32.5%
Total cash and short term investments: $3.6 billion

Materials Sector Averages
Liquid assets as % of total assets: 8.57%
Total liquid assets: $40.15 million

Other Cash-Rich Companies
Sigma Aldrich (SIAL): 21% of assets
Nucor Corp. (NUE): 17.6%

AES Corp (AES)
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Cash as % of assets: 10.9% Cash as % of annual revenue: 24.7% Total cash and short term investments: $4.35 billion Liquid assets as % of total assets: 2.05% Total liquid assets: $20.6 million Constellation Energy (CEG): 5% of assets NRG Energy (NRG): 4.6% of assets
Photo: Kathy Collins | Photographer's Choice | Getty Images

Cash as % of assets: 10.9%
Cash as % of annual revenue: 24.7%
Total cash and short term investments: $4.35 billion

Utilities Sector Averages
Liquid assets as % of total assets: 2.05%
Total liquid assets: $20.6 million

Other Cash-Rich Companies
Constellation Energy (CEG): 5% of assets
NRG Energy (NRG): 4.6% of assets