Canaccord Adams

Apple (Nasdaq: AAPL) ended 2011 with cash and marketable securities of $97.6 billion, or about $105 per share. As would be expected, everyone wants to know what the company will do with the massive cash hoard.

On its conference call, comments from management on the cash indicated that they are nearly ready to move although they had nothing specific to report. The company said discussions on the cash are "active" but it won't "burn a hole in our pockets."

A significant portion of Apple's cash is offshore - $64 billion, or 66% of the total.

Here is everything you need to know about Apple's cash hoard based on comments and questions from the conference call and comments from analysts today:

CONFERENCE CALL:

Prepared Statement:
Turning to our cash, our cash plus short term and long-term marketable securities totaled $97.6 billion at the end ...