11-05-2014, 02:57 PM
(11-05-2014, 02:38 PM)Kerim Wrote: I haven't taken much of a close look at this one, not being a DG stock and all. But I recall Chuck Carnevale highlighting it in a couple of articles over at SA earlier this year (I think he was showcasing interesting growth stocks). Would love to hear more.
Eric -- how does the balance sheet look in light of those huge cash flows?
Here are the cash and cash equivalents over the last 4 quarters from Morningstar.
Q3 2013 = $2.011B
Q4 2013 = $2.113B
Q1 2014 = $6.404B
Q2 2014 = $8.731B
Here is from their latest earnings release:
Cash, Cash Equivalents and Marketable Securities
As of September 30, 2014, Gilead had $7.69 billion of cash, cash equivalents and marketable securities compared to $9.58 billion as of June 30, 2014. During the third quarter of 2014, Gilead generated $4.04 billion in operating cash flow and utilized $5.79 billion to repurchase shares and settle the warrants related to the 2014 convertible senior notes, which were retired in May 2014.