Financial Statements for International Business Machines Corp.

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International Business Machines Corp. financials

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In Millions of USD (except for per share items)	3 months ending 2017-06-30	3 months ending 2017-03-31	3 months ending 2016-12-31	3 months ending 2016-09-30	3 months ending 2016-06-30
Revenue	19,289.00	18,155.00	21,770.00	19,226.00	20,238.00
Other Revenue, Total	-	-	-	-	-
Total Revenue	19,289.00	18,155.00	21,770.00	19,226.00	20,238.00
Cost of Revenue, Total	10,495.00	10,383.00	10,876.00	10,213.00	10,536.00
Gross Profit	8,794.00	7,772.00	10,894.00	9,013.00	9,702.00
Selling/General/Admin. Expenses, Total	5,160.00	4,901.00	4,869.00	4,616.00	5,219.00
Research & Development	1,484.00	1,533.00	1,431.00	1,397.00	1,465.00
Depreciation/Amortization	-	130.00	132.00	136.00	136.00
Interest Expense(Income) - Net Operating	-	-	-	-	-
Unusual Expense (Income)	-	167.00	0.00	25.00	15.00
Other Operating Expenses, Total	-440.00	-464.00	-586.00	-579.00	-381.00
Total Operating Expense	16,846.00	16,731.00	16,785.00	15,964.00	17,189.00
Operating Income	2,443.00	1,424.00	4,985.00	3,262.00	3,049.00
Interest Income(Expense), Net Non-Operating	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-
Other, Net	-	-	-	1.00	-
Income Before Tax	2,443.00	1,424.00	4,985.00	3,263.00	3,049.00
Income After Tax	2,332.00	1,753.00	4,505.00	2,854.00	2,505.00
Minority Interest	-	-	-	-	-
Equity In Affiliates	-	-	-	-	-
Net Income Before Extra. Items	2,332.00	1,753.00	4,505.00	2,854.00	2,505.00
Accounting Change	-	-	-	-	-
Discontinued Operations	-	-	-	-	-
Extraordinary Item	-	-	-	-	-
Net Income	2,331.00	1,750.00	4,500.00	2,853.00	2,505.00
Preferred Dividends	-	-	-	-	-
Income Available to Common Excl. Extra Items	2,332.00	1,753.00	4,506.00	2,854.00	2,504.00
Income Available to Common Incl. Extra Items	2,331.00	1,750.00	4,501.00	2,853.00	2,504.00
Basic Weighted Average Shares	-	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-	-
Dilution Adjustment	-	-	-	0.00	-
Diluted Weighted Average Shares	939.60	947.84	952.68	957.32	960.48
Diluted EPS Excluding Extraordinary Items	2.48	1.85	4.73	2.98	2.61
Diluted EPS Including Extraordinary Items	-	-	-	-	-
Dividends per Share - Common Stock Primary Issue	1.50	1.40	1.40	1.40	1.40
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	2.29	1.82	4.53	2.80	2.41

In Millions of USD (except for per share items)	12 months ending 2016-12-31	12 months ending 2015-12-31	12 months ending 2014-12-31	12 months ending 2013-12-31
Revenue	79,919.00	81,741.00	92,793.00	98,367.00
Other Revenue, Total	-	-	-	-
Total Revenue	79,919.00	81,741.00	92,793.00	98,367.00
Cost of Revenue, Total	41,624.00	41,057.00	46,386.00	49,683.00
Gross Profit	38,295.00	40,684.00	46,407.00	48,684.00
Selling/General/Admin. Expenses, Total	19,640.00	19,512.00	21,385.00	22,214.00
Research & Development	5,751.00	5,247.00	5,437.00	5,743.00
Depreciation/Amortization	503.00	304.00	374.00	370.00
Interest Expense(Income) - Net Operating	-	-	-	-
Unusual Expense (Income)	1,038.00	587.00	1,472.00	1,031.00
Other Operating Expenses, Total	-1,544.00	-941.00	-2,619.00	-959.00
Total Operating Expense	67,589.00	65,797.00	72,807.00	78,123.00
Operating Income	12,330.00	15,944.00	19,986.00	20,244.00
Interest Income(Expense), Net Non-Operating	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-
Other, Net	-	1.00	-	-
Income Before Tax	12,330.00	15,945.00	19,986.00	20,244.00
Income After Tax	11,881.00	13,364.00	15,752.00	16,881.00
Minority Interest	-	-	-	-
Equity In Affiliates	-	-	-	-
Net Income Before Extra. Items	11,881.00	13,364.00	15,752.00	16,881.00
Accounting Change	-	-	-	-
Discontinued Operations	-	-	-	-
Extraordinary Item	-	-	-	-
Net Income	11,872.00	13,190.00	12,023.00	16,483.00
Preferred Dividends	-	-	-	-
Income Available to Common Excl. Extra Items	11,881.00	13,364.00	15,751.00	16,881.00
Income Available to Common Incl. Extra Items	11,872.00	13,190.00	12,022.00	16,483.00
Basic Weighted Average Shares	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-
Dilution Adjustment	-	-	-	-
Diluted Weighted Average Shares	958.71	982.70	1,010.00	1,103.04
Diluted EPS Excluding Extraordinary Items	12.39	13.60	15.60	15.30
Diluted EPS Including Extraordinary Items	-	-	-	-
Dividends per Share - Common Stock Primary Issue	5.50	5.00	4.25	3.70
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	12.71	13.62	16.85	16.00

In Millions of USD (except for per share items)	As of 2017-06-30	As of 2017-03-31	As of 2016-12-31	As of 2016-09-30	As of 2016-06-30
Cash & Equivalents	11,696.00	10,096.00	7,826.00	9,039.00	10,017.00
Short Term Investments	599.00	652.00	1,133.00	1,054.00	774.00
Cash and Short Term Investments	12,295.00	10,748.00	8,959.00	10,093.00	10,791.00
Accounts Receivable - Trade, Net	8,401.00	8,377.00	9,182.00	8,291.00	8,782.00
Receivables - Other	-	-	-	-	-
Total Receivables, Net	26,958.00	25,869.00	29,245.00	25,196.00	26,547.00
Total Inventory	1,604.00	1,609.00	1,553.00	1,729.00	1,685.00
Prepaid Expenses	4,155.00	4,367.00	4,032.00	4,341.00	4,414.00
Other Current Assets, Total	1.00	296.00	99.00	74.00	87.00
Total Current Assets	45,013.00	42,889.00	43,888.00	41,433.00	43,524.00
Property/Plant/Equipment, Total - Gross	-	30,681.00	30,133.00	30,842.00	30,136.00
Accumulated Depreciation, Total	-	-19,816.00	-19,303.00	-19,738.00	-19,044.00
Goodwill, Net	40,696.00	36,307.00	36,199.00	36,401.00	36,422.00
Intangibles, Net	-	4,436.00	4,688.00	4,881.00	5,148.00
Long Term Investments	4,759.00	4,549.00	3,436.00	4,107.00	4,237.00
Other Long Term Assets, Total	10,828.00	9,947.00	9,408.00	8,744.00	8,366.00
Total Assets	120,495.00	117,495.00	117,470.00	115,606.00	118,056.00
Accounts Payable	5,126.00	5,324.00	6,209.00	5,271.00	5,484.00
Accrued Expenses	-	7,589.00	8,137.00	9,021.00	9,056.00
Notes Payable/Short Term Debt	-	285.00	1,274.00	359.00	0.00
Current Port. of LT Debt/Capital Leases	8,061.00	8,055.00	6,239.00	6,561.00	4,887.00
Other Current liabilities, Total	22,779.00	15,228.00	14,416.00	13,235.00	14,158.00
Total Current Liabilities	35,966.00	36,481.00	36,275.00	34,447.00	33,585.00
Long Term Debt	37,612.00	34,441.00	34,655.00	35,563.00	39,638.00
Capital Lease Obligations	-	-	-	-	-
Total Long Term Debt	37,612.00	34,441.00	34,655.00	35,563.00	39,638.00
Total Debt	45,673.00	42,781.00	42,168.00	42,483.00	44,525.00
Deferred Income Tax	-	-	-	-	-
Minority Interest	125.00	121.00	146.00	149.00	156.00
Other Liabilities, Total	28,373.00	28,125.00	28,148.00	28,437.00	28,944.00
Total Liabilities	102,076.00	99,168.00	99,224.00	98,596.00	102,323.00
Redeemable Preferred Stock, Total	-	-	-	-	-
Preferred Stock - Non Redeemable, Net	-	-	-	-	-
Common Stock, Total	54,235.00	54,104.00	53,935.00	53,759.00	53,565.00
Additional Paid-In Capital	-	-	-	-	-
Retained Earnings (Accumulated Deficit)	154,234.00	153,292.00	152,759.00	149,585.00	148,071.00
Treasury Stock - Common	-161,860.00	-160,359.00	-159,050.00	-158,170.00	-157,298.00
Other Equity, Total	-28,190.00	-28,712.00	-29,400.00	-28,168.00	-28,611.00
Total Equity	18,419.00	18,327.00	18,246.00	17,010.00	15,733.00
Total Liabilities & Shareholders' Equity	120,495.00	117,495.00	117,470.00	115,606.00	118,056.00
Shares Outs - Common Stock Primary Issue	-	-	-	-	-
Total Common Shares Outstanding	939.50	939.50	945.87	950.85	955.84

In Millions of USD (except for per share items)	As of 2016-12-31	As of 2015-12-31	As of 2014-12-31	As of 2013-12-31
Cash & Equivalents	7,826.00	7,686.00	8,476.00	10,716.00
Short Term Investments	1,133.00	711.00	656.00	573.00
Cash and Short Term Investments	8,959.00	8,397.00	9,132.00	11,289.00
Accounts Receivable - Trade, Net	9,182.00	8,333.00	9,090.00	10,465.00
Receivables - Other	-	-	-	-
Total Receivables, Net	29,245.00	28,554.00	31,831.00	31,836.00
Total Inventory	1,553.00	1,551.00	2,103.00	2,310.00
Prepaid Expenses	4,032.00	3,912.00	4,216.00	4,171.00
Other Current Assets, Total	99.00	90.00	95.00	1,744.00
Total Current Assets	43,888.00	42,504.00	47,377.00	51,350.00
Property/Plant/Equipment, Total - Gross	30,134.00	29,341.00	39,035.00	40,475.00
Accumulated Depreciation, Total	-19,303.00	-18,616.00	-28,263.00	-26,654.00
Goodwill, Net	36,199.00	32,021.00	30,556.00	31,184.00
Intangibles, Net	4,688.00	3,487.00	3,104.00	3,871.00
Long Term Investments	698.00	475.00	594.00	310.00
Other Long Term Assets, Total	11,730.00	10,752.00	13,251.00	12,758.00
Total Assets	117,470.00	110,495.00	117,271.00	126,223.00
Accounts Payable	6,209.00	6,028.00	6,864.00	7,461.00
Accrued Expenses	8,137.00	7,913.00	10,025.00	8,641.00
Notes Payable/Short Term Debt	1,274.00	1,190.00	1,130.00	3,008.00
Current Port. of LT Debt/Capital Leases	6,239.00	5,271.00	4,601.00	3,854.00
Other Current liabilities, Total	14,416.00	13,867.00	16,961.00	17,190.00
Total Current Liabilities	36,275.00	34,269.00	39,581.00	40,154.00
Long Term Debt	34,655.00	33,428.00	34,991.00	32,856.00
Capital Lease Obligations	-	-	-	-
Total Long Term Debt	34,655.00	33,428.00	34,991.00	32,856.00
Total Debt	42,168.00	39,889.00	40,722.00	39,718.00
Deferred Income Tax	424.00	253.00	129.00	1,741.00
Minority Interest	146.00	162.00	146.00	137.00
Other Liabilities, Total	27,724.00	28,121.00	30,556.00	28,543.00
Total Liabilities	99,224.00	96,233.00	105,403.00	103,431.00
Redeemable Preferred Stock, Total	-	-	-	-
Preferred Stock - Non Redeemable, Net	-	-	-	-
Common Stock, Total	53,935.00	53,262.00	52,666.00	51,594.00
Additional Paid-In Capital	-	-	-	-
Retained Earnings (Accumulated Deficit)	152,759.00	146,124.00	137,793.00	130,042.00
Treasury Stock - Common	-159,050.00	-155,518.00	-150,715.00	-137,242.00
Other Equity, Total	-29,400.00	-29,611.00	-27,861.00	-21,601.00
Total Equity	18,246.00	14,262.00	11,868.00	22,792.00
Total Liabilities & Shareholders' Equity	117,470.00	110,495.00	117,271.00	126,223.00
Shares Outs - Common Stock Primary Issue	-	-	-	-
Total Common Shares Outstanding	945.87	965.73	990.52	1,054.39

In Millions of USD (except for per share items)	6 months ending 2017-06-30	3 months ending 2017-03-31	12 months ending 2016-12-31	9 months ending 2016-09-30
Net Income/Starting Line	4,082.00	1,750.00	11,872.00	7,371.00
Depreciation/Depletion	2,216.00	709.00	2,837.00	2,106.00
Amortization	-	390.00	1,544.00	1,148.00
Deferred Taxes	-	-	-1,132.00	-
Non-Cash Items	-1,086.00	142.00	606.00	503.00
Changes in Working Capital	2,209.00	963.00	1,231.00	2,173.00
Cash from Operating Activities	7,421.00	3,954.00	16,958.00	13,301.00
Capital Expenditures	-1,567.00	-877.00	-4,150.00	-3,035.00
Other Investing Cash Flow Items, Total	212.00	1,227.00	-6,826.00	-4,565.00
Cash from Investing Activities	-1,355.00	350.00	-10,976.00	-7,600.00
Financing Cash Flow Items	-	-50.00	-	1.00
Total Cash Dividends Paid	-2,724.00	-1,321.00	-5,256.00	-3,927.00
Issuance (Retirement) of Stock, Net	-2,775.00	-1,239.00	-3,298.00	-2,466.00
Issuance (Retirement) of Debt, Net	2,756.00	476.00	2,763.00	1,888.00
Cash from Financing Activities	-2,743.00	-2,134.00	-5,791.00	-4,504.00
Foreign Exchange Effects	547.00	100.00	-51.00	155.00
Net Change in Cash	3,870.00	2,270.00	140.00	1,352.00
Cash Interest Paid, Supplemental	-	-	-	-
Cash Taxes Paid, Supplemental	-	-	-	-

In Millions of USD (except for per share items)	12 months ending 2016-12-31	12 months ending 2015-12-31	12 months ending 2014-12-31	12 months ending 2013-12-31
Net Income/Starting Line	11,872.00	13,190.00	12,022.00	16,483.00
Depreciation/Depletion	2,837.00	2,662.00	3,145.00	3,327.00
Amortization	1,544.00	1,193.00	1,347.00	1,351.00
Deferred Taxes	-1,132.00	1,387.00	-237.00	-1,610.00
Non-Cash Items	606.00	1,020.00	2,358.00	378.00
Changes in Working Capital	1,231.00	-2,444.00	-1,767.00	-2,444.00
Cash from Operating Activities	16,958.00	17,008.00	16,868.00	17,485.00
Capital Expenditures	-4,150.00	-4,151.00	-4,183.00	-4,140.00
Other Investing Cash Flow Items, Total	-6,826.00	-4,008.00	1,182.00	-3,186.00
Cash from Investing Activities	-10,976.00	-8,159.00	-3,001.00	-7,326.00
Financing Cash Flow Items	-	-1.00	-	-1.00
Total Cash Dividends Paid	-5,256.00	-4,897.00	-4,265.00	-4,058.00
Issuance (Retirement) of Stock, Net	-3,298.00	-4,287.00	-12,970.00	-12,785.00
Issuance (Retirement) of Debt, Net	2,763.00	19.00	1,783.00	6,961.00
Cash from Financing Activities	-5,791.00	-9,166.00	-15,452.00	-9,883.00
Foreign Exchange Effects	-51.00	-473.00	-655.00	28.00
Net Change in Cash	140.00	-790.00	-2,240.00	304.00
Cash Interest Paid, Supplemental	1,158.00	995.00	1,061.00	982.00
Cash Taxes Paid, Supplemental	1,078.00	2,657.00	5,748.00	4,024.00