No, but they can because they have something like $200 billion cash on hand.
That's technically true, but getting that money to a place where they can use it to buy back stock or to pay bonuses to their engineering staff would be incredibly expensive. There's a reason why they've not repatriated it yet.
Even if it costs them 50 cents on the dollar to use that money, that's still a good chunk of money to fall back on, isn't it?
I can imagine that you wouldn't actively take risks with money that's expensive to use, but if they were already in a death spiral, wouldn't they use it to avoid going down the drain entirely?
It seems absurd to me to sit on $200 billion if you can't use at least a good fraction of it - but I don't even begin to understand the legal and accounting issues with handling that sort of money.
That's technically true, but getting that money to a place where they can use it to buy back stock or to pay bonuses to their engineering staff would be incredibly expensive. There's a reason why they've not repatriated it yet.