Switch to:
GuruFocus has detected 5 Warning Signs with International Game Technology PLC $IGT.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
International Game Technology PLC (NYSE:IGT)
Cash And Cash Equivalents
$294 Mil (As of Dec. 2016)

International Game Technology PLC's quarterly cash and cash equivalents declined from Jun. 2016 ($390.01 Mil) to Sep. 2016 ($349.90 Mil) and declined from Sep. 2016 ($349.90 Mil) to Dec. 2016 ($294.09 Mil).

International Game Technology PLC's annual cash and cash equivalents increased from Dec. 2014 ($317.11 Mil) to Dec. 2015 ($627.48 Mil) but then declined from Dec. 2015 ($627.48 Mil) to Dec. 2016 ($294.09 Mil).


Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.


A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Related Terms

Cash, Cash Equivalents, Marketable Securities, Marketable Securities

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

International Game Technology PLC Annual Data

CashAndCashEquivalents 633152672203247603579317627294

International Game Technology PLC Quarterly Data

CashAndCashEquivalents 578317276557552627506390350294
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat