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Article: Cash-rich companies list
- Article from:
- AP Online
- Article date:
- January 16, 2009
- Author:
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Morningstar Inc. analysts have screened for companies they call cash cows. The companies on the list have generated growing free cash flows for the past three years, and boast cash on the balance sheet equal to at least 5 percent of total assets. In addition, for every dollar they generate in sales, these companies have generated at least 5 cents per share in free cash flow in each of the past three years.
The entire list is 163 companies, but here are top 20 ranked by free cash flow (operating cash flow minus capital expenditures).
The list shows company name, ticker symbol, industry, free cash flow.
Tokyo Dome, TKDOY, business support, $39.8 billion
Volkswagen ...