As we turn the corner on 2018, most CFOs will be focused on the simultaneous tasks of helping their chief executives to exploit the opportunities that come with a booming economy, while also buffering their organizations from the risk of potential economic deceleration, increased FX and interest rate volatility, and an ever growing regulatory and compliance burden. As a result, CFOs will inevitably expect their treasury functions to provide practical and strategic advice to help with all of these elements.
Editor’s Note: For this installment of our multi-part blog series, profiling CFOs who are leveraging treasury to drive strategic change in their organizations, we focus on Douglas Bettinger, CFO of Lam Research, a leading chip manufacturer. Douglas talks about how his treasury team is a business enabler, especially in areas of cash generation, to help drive growth for the organization.
Apple announced plans to invest $350 Billion in the United States economy over the next five years, largely driven by its decision to repatriate the bulk of its $250 Billion in overseas cash reserves. Although they didn’t explicitly state the amount of cash on their balance sheet that will be brought back to the U.S., they did claim that the repatriation would incur approximately $38 Billion in taxes, which corresponds to most of the $250 Billion they hold overseas.