Good news for Apple. The company has $203 billion in cash on its balance sheet, becoming the first corporation ever to cross the $200 billion mark.

Apple’s stock sank 5% Wednesday morning. The company had a solid quarter. But solid is not good enough when you’re Apple (AAPL,Tech30). Investors were disappointed that iPhone sales were a little lower than expected.

But make no mistake. Apple is not in financial trouble. It continues to mint money. The company reported cash flow from operations of $15 billion in its latest quarter.

That helped add to Apple’s record cash hoard. The company had $193.5 billion at the end of April and $164.5 billion in cash at this time a year ago.

If Apple keeps piling up cash at this rate, it’s likely to have a quarter of a trillion dollars on its balance sheet at some point in the next year!

CNNMoney tech editor David Goldman and I have joked about all the things Apple could afford to buy with its cash. Every professional sports team in the U.S. Disney. Coke. Both Tesla and Uber.

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