IBM CREDIT LLC financial statements (2021 and earlier)

Company profile

Business Address 1 NORTH CASTLE DRIVE
ARMONK, NY 10504
State of Incorp. DE
Fiscal Year End December 31
SIC 6159 - Miscellaneous business Credit Institutions (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   2,680
Cash and cash equivalents   2,680
Prepaid expense85949579
Total current assets:8594952,759
Noncurrent Assets
Property, plant and equipment95212  
Deferred income tax assets189142
Total noncurrent assets:284354  
Other undisclosed assets23,58427,96439,40236,757
TOTAL ASSETS:23,95328,41239,49739,516
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt7,9068,82713,25816,727
Total current liabilities:7,9068,82713,25816,727
Noncurrent Liabilities
Long-term debt and lease obligation11,91415,26817,276 
Long-term debt, excluding current maturities11,91415,26817,276 
Total noncurrent liabilities:11,91415,26817,276 
Other undisclosed liabilities1,9111,6315,54219,227
Total liabilities:21,73125,72636,07635,954
Stockholders' equity
Stockholders' equity attributable to parent2785205460
Accumulated other comprehensive income (loss)27(31)(33)158
Retained earnings 116238302
Other undisclosed stockholders' equity2,1952,6013,2163,102
Total stockholders' equity:2,2222,6863,4213,562
TOTAL LIABILITIES AND EQUITY:23,95328,41239,49739,516

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,1281,6001,7791,702
Revenue, net380
Operating leases, income statement, lease revenue333
Financial services revenue1,322
Cost of revenue(41) (193)(593)
Cost of goods and services sold  (193)(231)
Provision for loan, lease, and other losses(41)  
Financial services costs(362)
Other undisclosed gross profit(373)(687)(503) 
Gross profit:7149131,0831,109
Operating expenses(314)(372)(375)(378)
Operating income:400541708731
Interest and debt expense(281)(499)(298)(265)
Income from continuing operations before equity method investments, income taxes:11942410466
Other undisclosed income from continuing operations before income taxes347577321289
Income from continuing operations before income taxes:466619731755
Income tax expense(54)(188)(133)(5)
Net income:412431598750
Other undisclosed net income (loss) attributable to parent1(1)(1) 
Net income available to common stockholders, diluted:413430597750

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:412431598750
Comprehensive income:412431598750
Other undisclosed comprehensive income (loss), net of tax, attributable to parent591(187)367
Comprehensive income, net of tax, attributable to parent:4714324111,117

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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