Financial Statements for International Business Machines Corp.

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International Business Machines Corp. financials

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Income Statement

Balance Sheet

Cash Flow

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In Millions of USD (except for per share items)	3 months ending 2013-03-31	3 months ending 2012-12-31	3 months ending 2012-09-30	3 months ending 2012-06-30	3 months ending 2012-03-31
Revenue	23,408.00	29,305.00	24,747.00	25,782.00	24,673.00
Other Revenue, Total	-	-1.00	-	1.00	-
Total Revenue	23,408.00	29,304.00	24,747.00	25,783.00	24,673.00
Cost of Revenue, Total	12,730.00	14,138.00	13,015.00	13,502.00	13,555.00
Gross Profit	10,678.00	15,167.00	11,732.00	12,280.00	11,118.00
Selling/General/Admin. Expenses, Total	5,552.00	5,821.00	5,417.00	5,514.00	5,680.00
Research & Development	1,644.00	1,580.00	1,534.00	1,587.00	1,601.00
Depreciation/Amortization	90.00	86.00	83.00	81.00	78.00
Interest Expense(Income) - Net Operating	-	-	-	-	-
Unusual Expense (Income)	20.00	14.00	408.00	243.00	226.00
Other Operating Expenses, Total	-640.00	-248.00	-764.00	-308.00	-346.00
Total Operating Expense	19,802.00	21,473.00	19,673.00	20,622.00	20,838.00
Operating Income	3,606.00	7,831.00	5,074.00	5,161.00	3,835.00
Interest Income(Expense), Net Non-Operating	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-
Other, Net	-	-	-	-	1.00
Income Before Tax	3,606.00	7,831.00	5,074.00	5,161.00	3,836.00
Income After Tax	3,032.00	5,833.00	3,823.00	3,881.00	3,067.00
Minority Interest	-	-	-	-	-
Equity In Affiliates	-	-	-	-	-
Net Income Before Extra. Items	3,032.00	5,833.00	3,823.00	3,881.00	3,067.00
Accounting Change	-	-	-	-	-
Discontinued Operations	-	-	-	-	-
Extraordinary Item	-	-	-	-	-
Net Income	3,032.00	5,833.00	3,823.00	3,881.00	3,067.00
Preferred Dividends	-	-	-	-	-
Income Available to Common Excl. Extra Items	3,032.00	5,833.00	3,824.00	3,881.00	3,066.00
Income Available to Common Incl. Extra Items	3,032.00	5,833.00	3,824.00	3,881.00	3,066.00
Basic Weighted Average Shares	-	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-	-
Dilution Adjustment	0.00	-1.00	0.00	0.00	0.00
Diluted Weighted Average Shares	1,124.00	1,136.38	1,149.30	1,161.87	1,174.20
Diluted EPS Excluding Extraordinary Items	2.70	5.13	3.33	3.34	2.61
Diluted EPS Including Extraordinary Items	-	-	-	-	-
Dividends per Share - Common Stock Primary Issue	0.85	0.85	0.85	0.85	0.75
Gross Dividends - Common Stock	-	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-	-
Depreciation, Supplemental	-	-	-	-	-
Total Special Items	-	-	-	-	-
Normalized Income Before Taxes	-	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-	-
Normalized Income After Taxes	-	-	-	-	-
Normalized Income Avail to Common	-	-	-	-	-
Basic Normalized EPS	-	-	-	-	-
Diluted Normalized EPS	2.61	5.24	3.75	3.59	2.68

In Millions of USD (except for per share items)	12 months ending 2012-12-31	12 months ending 2011-12-31	12 months ending 2010-12-31	12 months ending 2009-12-31
Revenue	104,507.00	106,916.00	99,871.00	95,759.00
Other Revenue, Total	-	-	-1.00	-
Total Revenue	104,507.00	106,916.00	99,870.00	95,759.00
Cost of Revenue, Total	54,209.00	56,778.00	53,857.00	51,972.00
Gross Profit	50,298.00	50,138.00	46,014.00	43,787.00
Selling/General/Admin. Expenses, Total	22,422.00	22,865.00	20,943.00	20,193.00
Research & Development	6,302.00	6,258.00	6,026.00	5,820.00
Depreciation/Amortization	328.00	289.00	253.00	285.00
Interest Expense(Income) - Net Operating	-	-	-	-
Unusual Expense (Income)	803.00	440.00	641.00	474.00
Other Operating Expenses, Total	-1,275.00	-1,165.00	-1,944.00	4.00
Total Operating Expense	82,605.00	85,913.00	80,147.00	78,748.00
Operating Income	21,902.00	21,003.00	19,723.00	17,011.00
Interest Income(Expense), Net Non-Operating	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	5.00
Other, Net	-	-	-	1,529.00
Income Before Tax	21,902.00	21,003.00	19,723.00	18,138.00
Income After Tax	16,604.00	15,855.00	14,833.00	13,425.00
Minority Interest	-	-	-	-
Equity In Affiliates	-	-	-	-
Net Income Before Extra. Items	16,604.00	15,855.00	14,833.00	13,425.00
Accounting Change	-	-	-	-
Discontinued Operations	-	-	-	-
Extraordinary Item	-	-	-	-
Net Income	16,604.00	15,855.00	14,833.00	13,425.00
Preferred Dividends	-	-	-	-
Income Available to Common Excl. Extra Items	16,604.00	15,855.00	14,833.00	13,425.00
Income Available to Common Incl. Extra Items	16,604.00	15,855.00	14,833.00	13,425.00
Basic Weighted Average Shares	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-
Dilution Adjustment	-1.00	0.00	0.00	0.00
Diluted Weighted Average Shares	1,155.45	1,213.77	1,287.36	1,341.35
Diluted EPS Excluding Extraordinary Items	14.37	13.06	11.52	10.01
Diluted EPS Including Extraordinary Items	-	-	-	-
Dividends per Share - Common Stock Primary Issue	3.30	2.90	2.50	2.15
Gross Dividends - Common Stock	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-
Depreciation, Supplemental	-	-	-	-
Total Special Items	-	-	-	-
Normalized Income Before Taxes	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-
Normalized Income After Taxes	-	-	-	-
Normalized Income Avail to Common	-	-	-	-
Basic Normalized EPS	-	-	-	-
Diluted Normalized EPS	14.48	13.87	11.90	10.27

In Millions of USD (except for per share items)	As of 2013-03-31	As of 2012-12-31	As of 2012-09-30	As of 2012-06-30	As of 2012-03-31
Cash & Equivalents	10,585.00	10,412.00	11,909.00	10,864.00	11,835.00
Short Term Investments	1,407.00	717.00	345.00	323.00	500.00
Cash and Short Term Investments	11,992.00	11,129.00	12,254.00	11,187.00	12,335.00
Accounts Receivable - Trade, Net	28,196.00	30,578.00	26,763.00	26,857.00	26,841.00
Receivables - Other	-	-	-	-	-
Total Receivables, Net	28,196.00	30,578.00	26,763.00	26,857.00	26,841.00
Total Inventory	2,421.00	2,287.00	2,586.00	2,758.00	2,754.00
Prepaid Expenses	4,228.00	4,024.00	5,016.00	5,113.00	5,299.00
Other Current Assets, Total	2,112.00	1,415.00	1,522.00	1,477.00	1,618.00
Total Current Assets	48,949.00	49,433.00	48,141.00	47,392.00	48,847.00
Property/Plant/Equipment, Total - Gross	40,056.00	-	40,716.00	40,158.00	40,441.00
Accumulated Depreciation, Total	-26,459.00	-	-26,688.00	-26,293.00	-26,496.00
Goodwill, Net	29,025.00	29,247.00	28,270.00	27,735.00	27,468.00
Intangibles, Net	3,601.00	3,787.00	3,564.00	3,658.00	3,642.00
Long Term Investments	4,469.00	5,021.00	5,006.00	4,730.00	4,822.00
Other Long Term Assets, Total	5,671.00	4,917.00	5,978.00	5,658.00	6,074.00
Total Assets	117,258.00	119,213.00	115,778.00	113,833.00	115,347.00
Accounts Payable	7,203.00	7,952.00	7,085.00	7,482.00	7,416.00
Accrued Expenses	8,309.00	9,592.00	9,703.00	9,258.00	9,047.00
Notes Payable/Short Term Debt	8,725.00	9,181.00	9,334.00	7,669.00	6,293.00
Current Port. of LT Debt/Capital Leases	-	-	-	-	-
Other Current liabilities, Total	17,885.00	16,900.00	13,377.00	14,494.00	15,453.00
Total Current Liabilities	42,122.00	43,625.00	39,499.00	38,903.00	38,209.00
Long Term Debt	24,672.00	24,088.00	24,333.00	24,766.00	25,760.00
Capital Lease Obligations	-	-	-	-	-
Total Long Term Debt	24,672.00	24,088.00	24,333.00	24,766.00	25,760.00
Total Debt	33,397.00	33,269.00	33,667.00	32,435.00	32,053.00
Deferred Income Tax	-	-	-	-	-
Minority Interest	122.00	124.00	126.00	92.00	82.00
Other Liabilities, Total	31,250.00	32,516.00	30,280.00	29,599.00	30,595.00
Total Liabilities	98,166.00	100,353.00	94,238.00	93,360.00	94,646.00
Redeemable Preferred Stock, Total	-	-	-	-	-
Preferred Stock - Non Redeemable, Net	-	-	-	-	-
Common Stock, Total	50,522.00	50,110.00	49,603.00	49,157.00	48,800.00
Additional Paid-In Capital	-	-	-	-	-
Retained Earnings (Accumulated Deficit)	119,713.00	117,641.00	112,773.00	109,928.00	107,036.00
Treasury Stock - Common	-125,677.00	-123,131.00	-120,115.00	-117,116.00	-114,020.00
Other Equity, Total	-25,470.00	-25,764.00	-20,720.00	-21,497.00	-21,115.00
Total Equity	19,092.00	18,860.00	21,541.00	20,472.00	20,701.00
Total Liabilities & Shareholders' Equity	117,258.00	119,213.00	115,779.00	113,832.00	115,347.00
Shares Outs - Common Stock Primary Issue	-	-	-	-	-
Total Common Shares Outstanding	1,108.79	1,117.37	1,129.93	1,142.77	1,153.48

In Millions of USD (except for per share items)	As of 2012-12-31	As of 2011-12-31	As of 2010-12-31	As of 2009-12-31
Cash & Equivalents	10,412.00	11,922.00	10,661.00	12,183.00
Short Term Investments	717.00	0.00	990.00	1,791.00
Cash and Short Term Investments	11,129.00	11,922.00	11,651.00	13,974.00
Accounts Receivable - Trade, Net	30,578.00	29,561.00	28,225.00	26,793.00
Receivables - Other	-	-	-	-
Total Receivables, Net	30,578.00	29,561.00	28,225.00	26,793.00
Total Inventory	2,287.00	2,596.00	2,450.00	2,493.00
Prepaid Expenses	3,691.00	5,249.00	4,226.00	3,946.00
Other Current Assets, Total	1,748.00	1,600.00	1,564.00	1,730.00
Total Current Assets	49,433.00	50,928.00	48,116.00	48,936.00
Property/Plant/Equipment, Total - Gross	40,502.00	40,124.00	40,289.00	39,595.00
Accumulated Depreciation, Total	-26,505.00	-26,241.00	-26,193.00	-25,431.00
Goodwill, Net	29,247.00	26,213.00	25,136.00	20,190.00
Intangibles, Net	3,787.00	3,393.00	3,488.00	2,513.00
Long Term Investments	1,102.00	4,895.00	5,778.00	5,379.00
Other Long Term Assets, Total	8,632.00	6,345.00	6,288.00	7,196.00
Total Assets	119,213.00	116,433.00	113,450.00	109,022.00
Accounts Payable	7,952.00	8,517.00	7,804.00	7,436.00
Accrued Expenses	9,166.00	9,634.00	10,184.00	9,728.00
Notes Payable/Short Term Debt	3,588.00	4,159.00	2,761.00	1,946.00
Current Port. of LT Debt/Capital Leases	5,593.00	4,306.00	4,017.00	2,222.00
Other Current liabilities, Total	17,326.00	15,510.00	15,796.00	14,671.00
Total Current Liabilities	43,625.00	42,126.00	40,562.00	36,003.00
Long Term Debt	24,088.00	22,857.00	21,846.00	21,932.00
Capital Lease Obligations	-	-	-	-
Total Long Term Debt	24,088.00	22,857.00	21,846.00	21,932.00
Total Debt	33,269.00	31,322.00	28,624.00	26,100.00
Deferred Income Tax	448.00	549.00	378.00	470.00
Minority Interest	124.00	97.00	126.00	118.00
Other Liabilities, Total	32,068.00	30,668.00	27,492.00	27,864.00
Total Liabilities	100,353.00	96,297.00	90,404.00	86,387.00
Redeemable Preferred Stock, Total	-	-	-	-
Preferred Stock - Non Redeemable, Net	-	-	-	-
Common Stock, Total	50,110.00	48,129.00	45,418.00	41,810.00
Additional Paid-In Capital	-	-	-	-
Retained Earnings (Accumulated Deficit)	117,641.00	104,857.00	92,532.00	80,900.00
Treasury Stock - Common	-123,131.00	-110,963.00	-96,161.00	-81,243.00
Other Equity, Total	-25,764.00	-21,885.00	-18,743.00	-18,830.00
Total Equity	18,860.00	20,138.00	23,046.00	22,637.00
Total Liabilities & Shareholders' Equity	119,213.00	116,435.00	113,450.00	109,024.00
Shares Outs - Common Stock Primary Issue	-	-	-	-
Total Common Shares Outstanding	1,117.37	1,163.18	1,227.99	1,305.34

In Millions of USD (except for per share items)	3 months ending 2013-03-31	12 months ending 2012-12-31	9 months ending 2012-09-30	6 months ending 2012-06-30	3 months ending 2012-03-31
Net Income/Starting Line	3,032.00	16,604.00	10,771.00	6,948.00	3,066.00
Depreciation/Depletion	822.00	3,392.00	2,572.00	1,706.00	847.00
Amortization	331.00	1,284.00	952.00	627.00	310.00
Deferred Taxes	-	797.00	-	-	-
Non-Cash Items	144.00	-41.00	510.00	328.00	168.00
Changes in Working Capital	-307.00	-2,451.00	-1,565.00	-883.00	-100.00
Cash from Operating Activities	4,022.00	19,585.00	13,240.00	8,726.00	4,291.00
Capital Expenditures	-853.00	-4,717.00	-3,558.00	-2,455.00	-1,097.00
Other Investing Cash Flow Items, Total	-159.00	-4,287.00	-1,354.00	-1,458.00	-1,133.00
Cash from Investing Activities	-1,012.00	-9,004.00	-4,912.00	-3,913.00	-2,230.00
Financing Cash Flow Items	356.00	1,540.00	1,198.00	918.00	618.00
Total Cash Dividends Paid	-948.00	-3,773.00	-2,816.00	-1,848.00	-870.00
Issuance (Retirement) of Stock, Net	-2,593.00	-11,995.00	-8,988.00	-6,002.00	-3,015.00
Issuance (Retirement) of Debt, Net	469.00	2,252.00	2,421.00	1,254.00	951.00
Cash from Financing Activities	-2,716.00	-11,976.00	-8,185.00	-5,678.00	-2,316.00
Foreign Exchange Effects	-121.00	-116.00	-156.00	-193.00	167.00
Net Change in Cash	173.00	-1,511.00	-13.00	-1,058.00	-87.00
Cash Interest Paid, Supplemental	-	1,009.00	-	-	-
Cash Taxes Paid, Supplemental	-	3,169.00	-	-	-

In Millions of USD (except for per share items)	12 months ending 2012-12-31	12 months ending 2011-12-31	12 months ending 2010-12-31	12 months ending 2009-12-31
Net Income/Starting Line	16,604.00	15,855.00	14,833.00	13,425.00
Depreciation/Depletion	3,392.00	3,589.00	3,657.00	3,773.00
Amortization	1,284.00	1,226.00	1,174.00	1,221.00
Deferred Taxes	797.00	1,212.00	1,294.00	1,773.00
Non-Cash Items	-41.00	355.00	-172.00	163.00
Changes in Working Capital	-2,451.00	-2,390.00	-1,237.00	418.00
Cash from Operating Activities	19,585.00	19,847.00	19,549.00	20,773.00
Capital Expenditures	-4,717.00	-4,667.00	-4,754.00	-4,077.00
Other Investing Cash Flow Items, Total	-4,287.00	271.00	-3,753.00	-2,653.00
Cash from Investing Activities	-9,004.00	-4,396.00	-8,507.00	-6,730.00
Financing Cash Flow Items	1,540.00	2,453.00	3,773.00	3,052.00
Total Cash Dividends Paid	-3,773.00	-3,473.00	-3,177.00	-2,860.00
Issuance (Retirement) of Stock, Net	-11,995.00	-15,046.00	-15,375.00	-7,429.00
Issuance (Retirement) of Debt, Net	2,252.00	2,370.00	2,350.00	-7,463.00
Cash from Financing Activities	-11,976.00	-13,696.00	-12,429.00	-14,700.00
Foreign Exchange Effects	-116.00	-493.00	-135.00	98.00
Net Change in Cash	-1,511.00	1,262.00	-1,522.00	-558.00
Cash Interest Paid, Supplemental	1,009.00	956.00	951.00	1,240.00
Cash Taxes Paid, Supplemental	3,169.00	4,168.00	3,238.00	1,567.00