Zynga Has $1 Billion In Cash On Hand

Zynga has a great weapon to beat back competitors: almost $1 billion in cash.

It’s actually $995.6 million. That could be really helpful for buying other companies to fill in gaps, like mobile.

Looking at Zynga’s IPO filing, it looks like the company’s got a pretty good cash machine.

Prior to 2010, the company raised cash through selling preferred shares — that is, the traditional VC funding model.

But since 2010, it’s been able to fund itself entirely through cash from operations. In 2010, its operating activities generated $326.4 million in cash, and in the first quarter of 2011, it got $103.7 million.

See Also: Here’s Who Gets Rich Off The Zynga IPO.


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