Ned Davis Research sent out a chart this week breaking down how S&P 500 companies spent their cash for the four quarters ending March 31, 2014. The largest amount was spent on net investments ($690.2 billion). Capital expenditures came in second at a record $666.4 billion. Share repurchases ranked third at $554.1 billion, which Ned Davis Research says is the largest four-quarter amount since the period ending December 31, 2007. Dividends ranked fourth at a record $344.3 billion.