Apple Inc. (NASDAQ:AAPL) is bringing home some of the cash that it holds offshore, which will result in a $38 billion tax bill. AAPL stock added to Wednesday’s gain in after-market trading following the company announcement.

The Cupertino, California tech giant didn’t say how much of its $252.3 billion in overseas cash holdings it expects to repatriate. Apple said it expects to invest more than $30 billion in capital expenditures in the U.S. over the next five years and create more than 20,000 new jobs. The company also said it will build a new campus and spend $10 billion on data centers around the country.

The tax payment is the biggest announced in the wake of the recently signed overhaul of the U.S. tax code. The bill gave incentives to U.S. companies to bring offshore holdings back home, required them to to pay a one-time tax of 15.5% on overseas profits held in cash and other liquid assets. The announcement of new facilities and additional jobs could quiet criticism of Apple for outsourcing much of its production to China.

In December, InvestorPlace contributor Ian Bezek noted that “many analysts, myself included, have pointed to tax reform as a key catalyst for AAPL stock going forward. It’s no secret that the company has an absurd amount of offshore cash. It has earned profits over the years and not brought them home to the U.S. due to an excessive tax obligation.”

Tim Cook, Apple’s CEO said “We have a deep sense of responsibility to give back to our country and the people who help make our success possible,” according to a company statement AAPL also said it will expand to $5 billion a fund it established last year for investing in advanced manufacturing in the U.S.

AAPL stock has gained more than 50% in the last 12 months compared to a 35% gain in the tech-heavy Nasdaq 100 Index. With a market cap of $919.6 billion, it is the world’s most valuable publicly traded company.

Source: Statista