Apple CEO Tim Cook opened up on a wide variety of topics during a shareholders meeting today in Cupertino, California.

While there were more than a few topics to discuss, one of the most interesting exchanges was in regards to a question about whether social networking king Facebook is a friend or foe of Apple’s.

Much fuss has been made regarding Apple’s relationship with Facebook. Especially after it chose rival Twitter to integrate heavily into iOS 5 and the upcoming version of OS X – Mountain Lion.

“Facebook: friend. We do a lot with them, our users use Facebook an enormous amount. … I’ve always thought that the two companies could do more together.” … “We’ve integrated Twitter … It’s been great for Twitter, but it’s been great for our users.”

Cook also talked about Apple’s discussion on what to do with its huge cash reserves after a shareholder spoke out against a dividend.

“On cash, we’ve been thinking about cash very deeply, the board has been looking into what is in shareholders’ best interest … We’ve spent billions on … Supply chain, retail, etc …. My message there is that the board and the management team are thinking about this very deeply … And we will do what we think is in the best interest of shareholders.”

He also reflected on the first shareholders meeting since Steve Jobs passed away in October, saying his sadness has turned into determination.

“There’s not a day that goes by that I don’t miss him.”

We miss him, too, Tim.