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Cash Hoard Grows by $187 Billion in Untaxed Overseas Profits

U.S. companies led by General Electric Co. and Pfizer Inc. stockpiled an additional $187 billion in untaxed overseas profits over the past year, boosting their offshore holdings by 18.4 percent, according to data compiled by Bloomberg.

The 70 U.S.-based companies studied hold $1.2 trillion in profits around the world. GE and Pfizer have built up the most money outside the U.S., with $102 billion and $63 billion respectively, according to securities filings. Apple Inc., Google Inc. and Microsoft Corp. were among the companies that increased their accumulated overseas profits by more than 40 percent in 2011.